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Boulevard Of Broken DreamsWhatever will going to happen will happen, and what we need appeared. Why the market had likely overshot when the economy still struggle? Because it is the nature of stock market, people like to run away from reality, wanna live in richness fantasy. "The more sweet dreams are the more hurtful when wake up" . The economy will affect the stock market, never the opposite. When the music stop? We will find out in the next 2 weeks. We can see a big pullback in 3500 resistance but the next 2 weeks could decide the market destiny. Keep your head objective, conscious, calm and cool. You will make a better decision. Short below 3450, recommend if weekly price close under this position. (Stop loss >3600) Press like & follow to support my work. Thanks for your attention !
TVC:SPXShort
by McLeonis
"The Real" Head and shoulder of the S&P ???I'm posting this as an idea, I thought that the head and shoulder was already here when we touched the 2780 level but we came back because the feds and Powell saying that they will do anything to keep the rally. Now this one (that I have in the picture) might come next week so I hope that the feds can't fight this really obvious technical indicator of a fall. Or, I'm with a sell position and is just my bias of the trade trying to see and catch any false indicator of a big fall. (Although I'm pretty sure it won't go over 2971 or 2980 again). Please let me know what do you think?!!!
OANDA:SPX500USDShort
by CriptoJoe
6
Dow is looking very bearish, text book rising wedge short opp?Without looking at the technicals, the sentiment surrounding the economy and world is very bearish as of current. Looking at the charts, we can see a possible abc count playing out, with the rising wedge making up the b to the correction. If the wedge breaks down and the fed stop quantitative easing I believe we will hit previous lows and lower of around 14000 which is a 61.80 % retrace of the this market cycle.
OANDA:US30USDShort
by TrimmerTrading