E-mini S&P500 in phase of Long Correction!Hello Traders!
Accurately suppose, that the "Flat" model and Bull's "Cumulation Balance", will be on E-mini S&P500 the whole 2018 year.
Near month, Bulls can retest 2850.00 - 2900.00.
Powerful Traders decisively, will take a long position for 2800.00 - 2900.00;
"Short term target": 2800.00 - 2900.00.
"Middle term targets": 3100.00 - 3200.00;
"Long term targets": 3400.00 - 3500.00.
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Sp500long
TQQQ - A personal favorite ETFTQQQ is 3x leveraged, and tracks 100 of the largest non-financial companies. It has quickly become on of my personal favorite ETFs with its performance, and the January effect is fueling the fire. It is important to note that TQQQ is reset daily, so it may not be a great long-term hold, despite its apparent performance.
RSI is showing overbought - but as long as new money is flowing into the market, it is okay to be overbought. If you already have a position, hold on a little longer. Historically, RSI bearish divergence has been effective in corrections in TQQQ.
SPY -long ideaTrend is indeed in favor of SPY -now some may suggest that we need to chart Futures but to be honest it won't make a difference in this case.
No point of taking a long position until either 235 is re-tested or 237 for a scalp.
I'd wait until 235.22 test though. It could also come down all the way to test upper channel line, slim chance but possible.
Although I feel like -if it tests 235.22 it might very well trade sideways for a while.
Like always trade accordingly.
S&P500 (ES) - GLOBAL FORECAST on 2017y.We suggest two variants:
1) if Extension in 3-d wave - short term correction & uptrend! (Inval.lev - 2077.00)
2) if LDT - Correction & uptrend! (Inval.lev - 1810.00)
Excuse us! ) We are so lazy to write some more!!! ))
Sure the Real Pro Trader, should be Laconic & Concrete...)))
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S&P 500 Index @ 1h Chart @ incl. XLF & XLE since Trump ElectionPerformance of the SPX, XLF & XLE - end of last month (November`16)
closed by 2034.5 SPX (round about +8,08% this Year & -1,505% year to year Nov`15 until Nov`16)
closed by 18.95 XLF (round about +18,79% this Year & 13,63% year to year Nov`15 until Nov`16)
closed by 60.16 XLE (round about +23,72% this Year & -6,752% year to year Nov`15 until Nov`16)
Both sectors had the worst performance the last years, while Obamas presidents time.
Aftermath is all clear, i also didn`t except an outbreak like this. But since this month - i am prefering to see the lows in some shares (even of both sectors) as an buying oppurtunity. Why ??? Let it me so explain ... Under president Trump i can`t imagine that our new president will make policy against both sectors - even forcing laws to shoot their expansion ambitions down. "The Occupy WallStreet Movement was aftermath the all-time high of all anti WallStreet Americans - in the review even maybe the bing gang of make american great again - from the top to the button ... even from wallstreet to every american consumer and tax payer"
How ever,
i am not an political analysis or even expert - but the chart is speaking fo itself.
From this point of views i am prefering the US Yields (Gold as hedge is useless), US Equities & even some sectors (even like Energy & Financials).
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
S&P 500: All Time HIGHS?Despite the binary expectations of analysts (if HC wins long, if DT wins short) we saw an amazing rebound followed by a green day. Apart from the unexpected price action, the MACD is also giving a buy signal. The 200DMA and 50DMA haven't crossed over, and thus I don't think this is the top. I would not be suprised if the price were to reach previous ATH or even create new ones. Still, despite the euphoric buying, I will not trade on either side the SP5000 . I will wait though for a top to form and then try to catch a good short entry. I will also NOT trade volatility and would recommend you to do so as well, unless you are very advanced.
If Clinton WinsIf Clinton wins expect 1-2 week rally for major indices. I expect a retracement back to the 2130-2140 zone where I will enter as short, because after the rally I expect more downwards movement to at least Brexit lows around 2010-2000. Since the lower BB is not widening, I expect a similar situation as 2014-10-13.