SP500- 3750 can be a good place to buyAfter the high at 4300, SP500 started to drop and now is trading again under 4k important figure.
However, the recent drop is in steps, mostly triggered by news events and followed by tight ranges.
For me, this is the indication of a reversal, and 3750 support can be a good place to buy the index.
A buy in this zone with an SL under the recent low and TP at 4100 resistance could also have a good R: R of 1:2
Indicessignals
SP500 is drawing a very nasty pictureAs the title says, SP500 is drawing a very nasty bearish picture.
We can see from the posted chart, that after the low from mid-June, the index started to reverse, and once it has broken above 4100 horizontal resistance I was inclined to think that the correction that started at the beginning of the year is over.
However, after it reached 4.3k zone resistance given by the descending trend line, instead of a small correction and resumption to the up move, the index has broken back under, a break marked by an immense 200 points bearish engulfing (around 5%). This type of price action is a clear indication that bears are not done yet and more losses are around the corner.
At the time of writing, SP500 is trading at 3900, exactly in the confluence support zone and, in my opinion, this level will fall soon.
In an optimistic scenario, a rebound can follow now, but this should be used as an opportunity to sell in anticipation of a break.
The target can be the 3600 low, for now though... SP500 is very probable to drop under.
P.S: Only sustained buying power above 4100 would change my bearish outlook
US30 New Entries + Exits (Best Reverse Strat)My forex course regarding my strategy in full is now AVAILABLE!
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How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
S&P 500 index LONGAs we can see the indices markets has shown us a very strong bullish Market for the past weeks , my sentiments on this pair are bullish from the previous h4 Low that we are are currently rallying down down to retest at price levels 4000-3960 we should watching for a strong reversal to carry on the initial uptrend
Nasdaq100- The do or die momentThe first part of the year was very bad for indices and Nas100 in particular, with the technology index dropping around 30%.
However, in mid-June, a bottom was created and we have had a bullish run for 2 months now.
The index also managed to break above important 13k resistance which is a confluence one, given by the horizontal level and the falling trend line.
At this moment, the picture looks pretty bullish and we can have a continuation to the upside after the recent correction.
In such a case bulls can target 15k for the next leg up.
On the other hand, and this is very important, a failure to maintain 12800-13000 intact would make the recent break a nasty bull trap and the index could fall again to at least the previous low.
SP500- Rise from support?Since the bottom was found in mid-June, SP500 has started to rise and at the beginning of August managed to break above important 4000-4100 zone resistance.
After making a high above 4300 the index started to correct lower and now is trading exactly above the mentioned resistance, now support.
There is a high probability for up continuation from this point and a long trade targeting the previous high can have a 1:2 risk: reward ratio.
Even more, if the correction started at the beginning of the year is over, swing traders can target 4.6k resistance with a 1:6 R:R.
Nasdaq could rise to 15kAfter the low made in June, Nas100 changed its trajectory and started to rise. Last week the index managed to conquer 13k resistance and yesterday's reversal from this zone proved that bulls are strong at this level.
With the falling trend line broken and strong horizontal support we can expect continuation to the upside in the medium term and 15k can be the swing trader's target.
I'm bullish as long as 13k is intact.
My Previous Nas100 analysis:
Is Nasdaq forming a measured move ?!?!?! Target above 20k...This is a very long-term view and, of course, anything can happen if you are trying to predict 2-3 years move. As you know, in trading is best to trade what you see, not what you think, and what I see now is looking like Nasdaq is forming a measured move and as crazy as it may sound in the current economical conditions, the target for this pattern is well above 20k. (The Measured Move is a three-part formation that begins as a reversal pattern and resumes as a continuation pattern.)
So, the Nasdaq index has started the year badly and has dropped from above 16k to a low around 11k, but looking at the longer TF we can see that this drop can be just a correction of the last leg up that begins at the start of the pandemics. Also, the index reversed from between 50% and 61% Fibo and important horizontal support.
At this moment Nas100 is flirting with the falling trend line and a break here looks imminent. A break and sustained buying above this level could lead to further gains and, as I said, the target for the pattern is above 20k
US30 New Entries + Exits (Best Reverse Strat)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
SPX500 Entries + Exits for FREE (Best Reverse Strat)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
NAS100 Entries + Exits for FREE (Best Reverse Strat)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
US30 New Entries + Exits (Best Reverse Strat)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
NAS100 New Entries + Exits (Best Reverse Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
SPX500 New Entries + Exits (Best Reverse + Momentum Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
Nas100 New Entries + Exits (Best Reverse + Momentum Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
Nas100 New Entries + Exits (Best Reverse Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
Nas100 Entries + Exits!The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
NEW GBPJPY Long Term AnalysisYou may have to play the -60 at green TP1 beware!
The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
US30 Entries + ExitsThe 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
GBPJPY Entries + ExitsThe 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
US30 Entries + Exits! SWING TRADES FOR FREE!The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!