ES - S&P has to finish it's job yet.The white up-sloping lines are the lines of a LT Pitchfork. The dashed one is the WL1 (Warning-Line 1).
Price was not able to find support above the WL1.
So it's naturally break down and...we see a classic retest from below. Picture perfect rulebook trade!
Then price trades south again and nearly meets the Centerline of the yellow Fork.
The red dashed line is where I expect price to retest as it did at the WL1. From there, the final move #5 will blow out the last longs...happy new year!
If I where short, my first target would be at least the U-MLH of the white up-sloping Fork.
Additional support comes in where price was fighting, which is expected somewhere in the blue zone.
P!
Sp500short
S&P500 correction startedS&P500 six months chart shows overbought level and start of correction. Five growing Elliot waves accomplished and ABC pattern should land us to 2100 support. In worse case it may fall down to 1850 as well.
Perfect short position was above but price still may hit 2700 before finally going down.
SP500 continua su caida y sera de forma abismalde momento anteriormente se esperaba los 2 camino o rompia al alza con un HCH alcista para hacer un expaded flat correction o era una bulltrap para continuar la caida ahora se ah visto un HCH bajista que daria a una onda 3 en elliot asi que puede en darle con confianza apostar a la caida esto no lo va a parar nadie y debe hacer su correccion como se debe
$SPX failed, but gave us some room to playSymmetrical triangle, a continuation pattern.
So we clearly failed not only to reach the recent 2815 resistance, but also the March 2018 resistance of 2800.
Next we go down to support from late April/early May.
Play the triangle. Until we see a breach of the triangle (should be down), enjoy the swings.
The United States EconomyAs a Forex Trader who lives in the United States and trades many USD based pairs I frequently refer to multiple indexes that represent the possible strength and trends of the Dollar.
I would like to share this post for the spectators and students of the markets.
The chart on the left is a 2-Week chart representing a four year uptrend of the S & P 500.
The chart on the left formed a double top pattern (two mountain tops) which is a classic pattern that forms when a bullish run is most likely over. After that pattern we saw roughly a 50% drop throughout the entire year of 2008.
Now, fast forward to 2018 and we are currently reaching what looks like to be the beginning of another double top, or mountain formation, it will most likely take another year or two to complete. But, by year 2020 ish we will potentially be looking at a massive drop again. However, my prediction is that this drop will last 1-2 years because this uptrend has been going on for longer then the first one, almost a full decade!
The diagonal trend line is our Bullish support. When/if that gets broken like it did before. The drop should begin to take place!
Always look at the bigger picture! Invest wisely.
Happy Holidays!
MA 20 days touched. When breaks 2806, possible retracementMoving Average 20 days is touched. When it breaks 2806 points, possible retracement to 2759. Stop loss at 2820 when short order opens.
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500. After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's August so the horizontal line is longer than expected but as you can see the grey squares were set like they are already at the beginning of this year. Exactly now in the corner of the grey square, the chart is starting to climb! STILL BULLISH!
So, I still expect a long to more than 3000 points, when the price passes 2.880,00. Ofcourse, we will experience retracements in the mean time, like this one.
I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for others every day! Bunny Token gave me good profit so far! I bought these in Pre-sale. I expect this is going to become huge!
Interesting coins, which I am looking to buy:
- EOS
- QASH
- Bitcoin-Gold
Do you have some good tips for crypto coins? let me know!
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My strategy
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence.
How do I decide to open a position or not? First I analyse:
- Fibonacci pattern
- Sentiment on the market
- Own created indicators
- Moving-averages and Bollinger-Bands
Trading means investing. Sometimes you lose more than you win in the beginning of a period!
Don't forget to follow me, so you get updated when I post new analysis. Also read my account to be informed about what I do.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
S&P 500 Forming head and shoulders.S&P 500 Forming head and shoulders and is expected to have another leg up within the new few months to a peak of $3000 marked in yellow. Before we see the reversal and start to fall to the target areas we have shown. S&P 500 has been on a Major bull run since 2012 and is now expecting to curve the momentum.
Would you be surprised if we saw '00/'08 highs?Look for a failure of the price block highlighted, similar price action noted in the previous highs of 2000 & 2008.
We see the relative strength fade as price continues to rally creating regular bearish divergence, after the break of the trendline hidden bearish divergence develops as the RSI shows higher highs and price continues to fall.
2000 and 2008 were screaming at us to be short. Will 20018/2019 do the same?
52-week Moving Average displayed.
Short until a break of the ATH proves us wrong.
S&P - Bears are in ControlDear Traders,
As predicted before, the S&P's price went down. As you can see my red ''support line'' got breached and in my opinion, we are now heading towards the 200 ema on the 4hr chart. Bears are in control. Next stop is the 200 ema at 2876$. It held last time it touched it, let's see how that works out this time.
S&P 500: May You Live In Interesting TimesThe SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US.
The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all the howling and nashing of teeth, the S&P500 goes nowhere but up, for slander and innuendo cannot be traded.
I mention this because US political instability is a fundamental headwind. The Supreme Court nomination is a flashpoint that reveals the deep polarization, unfocused discontent, and indoctrination in the US. Meaning, if Kavanaugh is appointed, investor sentiment will be maintained, as it represents a win for Trump, and a win for Trump is a win for business. But, a lot of people will not accept this nomination, and it will only deepen political contention. Any threat to Trump may impact the markets negatively.
But for now, the markets are optimistic. Was today the dip to buy? It was trendline and horizontal confluence. I would like to see the lower parallels tested for an even better buy entry.
As traders, the best we can do is do what needs to be done, when it needs to be done. In a bull market, that means buying the dip. If the lower parallel is taken out on a closing basis, I will naturally readjust. For now, no damage has been done.
I find it troubling that daily, weekly and monthly stock/rsi are flashing bearish divergence. Bear div can always be negated, but this needs to be monitored.
In short, stay long. Buy dips. Re-adjust if levels are taken out to the downside.
SP500 shortHi trader's,
In Thursday's trading session I will be looking for a short in the SP500. We might start with a push higher but I expect that to be part of the corrective structure which is currently unfolding.
My focus will be on the sell-trade and I will not participate in any potential buy set-ups.
This means that I will be looking for minor flags then execute the sell.
Below; 15 min tf which shows a possible scenario if we see some bullish momentum.