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Alltimehighs

SPX To 3500 by Friday, Weekend Update - 3800+ ComingThe aggressive pullback we saw after President Trumps tweet was the perfect set up for a bear flag to form and push down further. That didn't happen, instead all the market did was push and grind higher. This tells us, all time highs are coming. This tells us now is the time to be aggressive. The market still needs a consolidation, a 4 hour higher lower. But it wants to go higher. Look for a pullback Monday/Tuesday with a push up to 350+ for Friday. It's important to understand when the market is consolidating, trading in a range or chopping around. It's even more important to identify when it is in an aggressive uptrend. Now is that uptrend. Now is the time to be aggressive. If you missed out on July/August runs or suffered from FOMO off the March lows. This is your opportunity. This is the time you need to take advantage of the uptrend.
OANDA:SPX500USDLong
by TradingWithTrends
2
Amazing Week For SPX, Big October Coming 3800+SPX - Three weeks to go to election. Pretty amazing price action this week. After a scary push down on Tuesday. Wednesday, Thursday and Friday did nothing but go up the rest of the week. SPX is due for some consolidation but all indication is SPX is going to have a big October including a test of all time highs and beyond. 3425 is a key level to hold on any pullbacks. If SPX can get over 3486 it opens up 3528 and 3579 above. 3486 is the final key resistance before 3600+. Below 3425 is 3411 and 3389. If SPX loses 3425 look for longer term consolidation or sideways range bound action into the election. SPX was stronger than NAS. It reached it's key resistance level at 3486, NAS is still under this level. BOTH NAS and SPX will have to clear their key resistance levels to test all time highs. Avoid the noise of why the market is going up or why it can't go higher. Let go of your own biases. The price action is telling us it is going to test all time highs. If this changes we will change with it but don't let bias or fear hold you back from the opportunity that is currently being presented.
OANDA:SPX500USDLong
by TradingWithTrends
2
Online Retail. V-Shaped recoveryIt is rare to see a real V-shaped recovery, IBUY will most likely test previous all-time-high. $54 to $56.5 is an important range. To see it more clearly, just zoom out, or use a weekly chart. OBV has been indicative... as we cross above or below the 200sma, we can see OBV start a trend, either down or up, in conjunction with the 200sma. After our most recent cross above the 200sma, OBV is reaching 1-year high. Watching closely for a new breakout, which will possibly be followed by a re-test the previous highs. IBUY top-10 portfolio holdings with weight %: CHWY (4.89%) STMP (4.79%) NFLX (4.01%) PETS (3.83%) PTON (3.56%) GRUB (3.48%) AMZN (3.35%) CHGG (3.21%) UBER (3.20%) FLWS (3.11%)
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by dorfmanmaster
PG - Ascending triangle breakoutSummary We have tested $126 over twelve times since December 16th. Yesterday's move closed above this resistance; and we are confirming today going to all-time-highs. Technicals RSI(14) @62.5 showing relative strength but not overbought OBV is trending higher confirming the move To set a short-term target. You can measure from the bottom of the triangle and add that on-top of the triangle breakout. In this case; the measured move is at $136 approximately. RRR is 3:1
NYSE:PGLong
by dorfmanmaster
2
ORBEX: SPX, DXY: What's Next For Indices?In today’s #marketinsights video recording, I talk about #SPX and #DXY. SPX keeps going up, and with structural variances playing in we could see fresh highs reached in no time. Will the US-China situation and a dovish #Fed boost appetite for equities more? The US Index, on the other hand, should be watched cautiously. Will this upside impulsive move turn out to be another correction or the real bullish deal? Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
OANDA:SPX500USD
by Orbex
ETHUSD: 1540 Target Within Reason But Risk Of Reversal High?ETHUSD update: 1424 all time high made as this market pushes its way into a potential reversal zone. In this report I am going to talk about the next potential supports and what to make of the current wave count. First, let's talk best practices. On a new high, it is always a good idea to lock in some profit. This does not mean sell your entire position. It means to take some profit while you can and look to buy back in if there is a pull back. I keep reading over and over, "HOLD" but that is greed talking and these same people are going to be the ones to buy from when they are shaken out during a sharp retrace. Can this market go higher? Sure. No one can predict the top, but at least you have a chance to capitalize on the buyers while they are still buying enthusiastically. As far as the reversal zone: this market is in a high risk area. This is defined by the 1459 upper boundary of the projection measured from the 1069 low. That does not guarantee that it will reverse, but it should be very clear that this level is NOT an attractive place to initiate a new long position. Why not short? Price may be in an attractive area to short, BUT there is no confirmation at all which makes the idea low probability at the moment. What about the wave count? I always write about when 5 waves are in place, the chance of a broader retrace increases. As you can see there was a retrace attempt that took this market to the .382 of the recent bullish structure at the 1069 area, and the support held. Since 5 waves were in place, I was expecting that support to be compromised which would be more in line with the broader correction scenario. So what happened? The market negated the wave count. This happens, and is the reason why as short term traders we must always be flexible and open to anything. This is also why having the ability to interpret context comes into play significantly in situations like this. In a more normal environment, I would be looking for the current leg to be the B Wave, which implies a much steeper pullback to come. Based on the context of this environment though, I am not labeling this as a B wave. This is the Wave 5 of 5 which still has some room to run before facing the increased possibility of the broader correction again. How much higher? 1540 is a reasonable area to anticipate as the next target IF price pushes through the 1459 boundary without any bearish reversal activity. Remember there is little precision in TA. It offers ways to arrive at estimates that are derived from the information available at the moment. The retrace levels I am watching for in case of a shallow pullback are 1291 (.382 of recent bullish swing) and the 1206 to 1152 support zone (.618 of recent bullish swing). Based on the current structure, it is reasonable for this market to present a shallow retrace (subwave 4) and make one more attempt higher (subwave 5) before a broader correction is likely. In summary, just because the market has potential to go higher does not mean it is safe to take on a new position. Current levels offer a chance to lock some portion of profit for those who took risk at lower prices. At the same time, shorting may offer more attractive reward/risk, but without confirmation, you are selling into a situation where momentum is working against you which does not justify taking a risk in terms of MY trading plan. For me, the best thing to do is wait to see IF the market chooses to revisit a projected support level, wait for some form of reversal, and quantify risk from there for a swing trade long. There is no need to chase, because the market will eventually line up factors that make the most sense when it comes to reward/risk AND supportive momentum. Patience pays. Questions and comments welcome.
BITFINEX:ETHUSD
by MarcPMarkets
22