SPY closed near the high of the days regaining greater than 50% of Friday's bullish close. Still no presence of sellers. $203 gap and price target coincides with 161.8% Fibonacci retracement. Looking for "climatic" volume before considerating a short entry.
The big blue arrow is pointing at a key price level which happens to intersect with the intra-bearish turquoise dashed line and the intra-bullish green dashed line. The intra-bearish turquoise dashed line is the longer-term trend over the shorter-term bullish trend as shown by the green dashed line. There is a horizontal ray at this key Fibonacci level (where the...
Just thought I'd post this to see what you guys think, I think we should see this finalize in the 2040 area, with the highest potential of 2050 as a massive short squeeze . . . share your thoughts and charts, happy trading!
December 2016 low (Roughly 1,650 S&P) Oct 2018 (Next ATH peak) 2,300 S&P Take 09 crash low (March 2009) to May 2015 high. 1.272 sq root of 1.618 gives us the low Dot com low (blue) to current May 2015 high. 1.272 next high 2016 peaks next month (April 2016) 1.786 Dot com high (orange) to 09 low
This is a longer term idea based off charting done from 2008 until now, and where we expect to go from here. For this interested, earlier today I did a shorter term outlook using daily candles, for those interested the link is: , or you can find it in my profile. Feedback and constructive criticism is always appreciated, happy trading!
This is a short term look at what is happening, longer term I see potential for 1600 but I will look at that in another chart.
S&P 500 CME_MINI:ES1! has produced a buy signal after the false break down and subsequent reversal higher. Daily chart shows inside bar false break ( fakey pattern ). Potential buying opportunity on pull back 1900-1915 support area, with initial upside targets to 1940-50 and 1960-80.
Analysis: Since retesting the August low, the market has made a triple bottom. Since then the market has rallied significantly, and is now approaching key areas of resistance that I will be watching closely. The first test is the 50% retracement at 194.37. This is where the market rallied to earlier in the month after it first tested the august low before...
I'd like to see some follow through here with more bulls coming in after the first pullback. The major hurdle will be the 1950 region (if we even get there). Long term trendlines are strong and price can zip in an out retesting levels. You may not be looking at the trendline I've marked in but other traders (Retail, Institutional/Algo/HFT) might be. There are also...
Frame your support and resistance. Know the geometry and technical levels that cause a response. Study the chart for "Repeatable Pattern" and exploit your edge.
Looking at MACD on the weekly for SPX500 reveals that historically when MACD is negative for as long as it has been recently, SPX500 has crashed further. Weekly MACD suggests a bear 2016-2017 for SPX500
Short term Long: Long at 2063, tp at 2076, sl at 2060 Long term Short: Short at 2080, tp at 1640, sl at 2140 Here's the movie link: kat.cr extra fun, thanks to quandl, don't know you, but nice idea LOL:
Still holding a small size on ES longs from an avg entry price of around 1854. Targets and stops as shown. It's probably safe enough to move the stop to either the breakeven point, or below 1870 (S3 pivot daily). The rationale is basically dip-buying. There's a lot of market chatter about the "death" of dip-buying (beta.finance.yahoo.com), but that underscores...
Stop Loss: 1873.00 Targets: 1st: 1907.00 2nd: 1938.50 3rd: 1970.00
I'm short in the US30. I have been watching the order flow and there is still a large amount of bears hitting it at key levels. Bearish channel. MACD looks like it wants to slump over and diverge. 1st target will be .618 fib level. 2nd .764 fib level 3rd around 15200.
Hello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
Entry: Market Stop Loss: 1953 Target: 1946.75