SPXS
S&P 500 Another of a kindSo far all ideas have worked out .
In just 48hrs ago a long, 12hrs later reversal short later structure of s&p500 which played out perfectly. So far all S&P 500 have worked out.
I have looked at the price action on it once more.
We could be getting in to a small get another bull as projected.
S&P 500 A different type of idea. Future outlookLast long played out perfectly. This is an idea for a possible short in the near future.
One has to watch price action to determine its validity.
The resistance ahead could end the small bull and cause a short term reversal.
SPY 11/04 SUB $209New down trend with black line as resistance line. Still it's down slope. Solid green line is still acting as support line but once it breaks after 11/04 we can go short fully. Looks like start of a new bear market.
SPY ELECTION 15 MIN **** SPY ELECTION 15 MIN CHART******
LOWER LIMIT SUB $208
Upper limit max $212
Solid Yellow line is the new resistance line.
Green solid line will act as new support.
Blue horizontal line is election day.
In election day or pre/post we are expecting swing both upside and down side. But heavy on short side 60% and 40% upside. Swings will take place on both side so a good option strategy will be a good one to capture both sides of the moves.
TDwww.bloomberg.com
TD Bank is same as AMTD. Td bought SCOTTRADE BANK but it will not help them to sustain as the stock already started to fall from 2014 April. The red line will act as a resistance. And the green line as support.
Clean and Tight Wedge Ready to BreakoutRSI showing signs of support and wedge ready for a breakout $UVXY $TVIX
$SPY NEW HIGH STRATEGYAfter some break from the market am back again.
Well market is developing. the RED and GREEN LINE is parallel trading. So as long as the price continues we can trade in a channel. When reaches red line go short and when it touches green line it's a buy. Pink line will act as a support line too. If price breaks the Thick black line then it's a confirmation to go short. The blue line from the previous low is crossing the red line above and also acting up as a support. But as soon as the triangle breaks out it will become non acting line in price trend.
$SPY ONLY IF FORMULAONLY GO LONG: Well this is a 3 hour chart. If SPY
1) If Breaches the Deep Blue line at the top and
2) also at the same time crosses the Red resistance line on the side and
3) stays above the Black Support line
=only then you can go LONG.
Otherwise remain short when chart looks viable.
SPY Not a lot of support to 210 if 20 day SMA breaksNot much support below 20 day SMA IMO. This long term consolidation has created a huge resistance and suggests this isn't recovering soon.
PSBL CHANNEL TRADING FOR NEXT FEW DAYSPSBL CHANNEL TRADING FOR NEXT FEW DAYS. This is a 3 hr chart though not 4 or daily ;)
$spy buyYes hitting the black line means its buy time. But be careful as you need to have a very tight stop incase if the BLACK support line doesn't maintain support. It would be better if you can hold your greed and wait till it breach the red resistance line for a better long trade.
Stable signals (consolidation) reveals greatest historical cluesIn terms of systems theory, this is a great example where this may or may not go. This is a very stable signal rarely seen with random signals, such as the market. Therefore, math becomes more important than ever! And convergence/divergence becomes 'less' meaningful. I'm waiting for the green or red line to break and believe this will signal THE move. bullish or bearish. For now, cash is king! $SPY $NYA $SPX
My perspective of the markets with SwingVector CollabThis chart shows current long term and short term views of the broad markets using SwingVector algorithm which is the 3rd day of experimentation in charting it out and letting the gaps be filled real time.
S&P "TAKE TIME TO READ PRICE ACTIONFrame your trade is more important than what indicator to use or what line to draw.
SHORT TERM OUTLOOK - SUPPORT BROKEN: BULLS BEWARE FOR NOWToday, we saw the break and hold below of an important long term trendline in effect for months leading up to now, as well as several strong points of support.
Rationale for short:
- Break of lower bear flag channel trendline & hold
- Successful retest and rejection of trendline.
- Broken support at 206.80s and 206.00s
- Huge bull rally immediately and decisively reversed to new lows.
- Close below Friday, Tuesday Close prices
- Small bear flag printed in closing hours today, visible on chart at close today.
I am still short, and I have decided on a few important levels below us.
Short 205.71
Target 1: 203.72
Target 2: Lower trendline in current short term descending channel as shown on chart
Conditions: Price must always close (15min candles) below long term trendline we broke
I expect the price to head a lower for now. The 15th could be a reversal point, historically the 15th is the start of the main "Santa Claus" rally in December.
CLEAR BREAKDOWN POINTS NEARBY, MARKET UNCERTAINTY AS OF TODAY This is the short term view. I will post the long term as well.
The past four market days have seen a large increase in volatility, as the bears and bulls fight for control in this range. Today saw a large gap down, and a reasonable attempt to stay above yesterday's lows. These lows happen to be very strong resistance from all of last week as well. The price failed twice to hold these levels, yet stay just below them.
A gap and hold above this 207.30 level would be very bullish, with implications of visiting Monday's open at the low 209 levels. This would be accelerated by the short squeeze this would cause.
Gap below would help the case for a continued short.
I'm short from Friday, waiting to see how this plays out. Good luck
