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SPXS

SPX500 more trends to watchI say watch the yellow. I understand it was HUGE that we broke through the trend that was highly compressed everyone's been watching on the tops and peaks and now that diagonal line is broken. However, I'd argue that this other diagonal as well as the Horizontal near it also may cause some near-term Resistance. however ultimately, I'm ok with the UP and called long ago for an eventual gap fill at 4220. I'm still not sure this Bottom is in except for maybe near term. i still think that between here and the road to 2025 we see a test in the 2800 to 3350 range for SP500 which never came. I guess i could be happy with how close it came and that was close enough for a call made over a year ago now. that we needed that flush once the $ printer turned off. Sadly, I still think we have more global issues coming. As well as lockdown 2.0 BOTH of which will cause mini swans. Good chance we slowly grind up from here until at least March unless we get another WAR. Still waiting for real housing correction as well as auto loan industry implosion. FAR TOO MANY people now have $80-$150k auto loans. IMO.
SP:SPX
by rarebreed29
SPX - Are you ready for this?SPX approaching a downsloping resistance. It may fakeout above the trendline to trick traders but don't get it twisted. This bear market rally is almost done and it's a time for a major move. Lower high after lower high is suggesting downtrend continuation. Are you ready for a 17 % dump? If you are not ready, this is a friendly reminder that it may be a right time to close your longs and enter shorts or stay on the sideline. It may take some time so be patient! Good luck!
SP:SPXShort
by vf_investment
18
SPX - We are still within the range!SPX - We are still within the range! SPX - For most indices we've had bullish momentum especially in Europe side cac, ftse, dax amazing moves but we are still struggling when it comes to US Indices. We've had great bullish momentum at the end of the week now let's not get too excited we are still within the ranges things to keep in mind this week going forward CPI, Q4 earnings, Unemployment claims coming out of US. Key tip: Ignore the noise and focus on the chart in front of you. Everyone has opinions, they'll even comment on your career choice but most importantly only YOU can learn and earn by the execution of your own trades. A break to either direction. Trade Journal
SP:SPX
by Trade_Journal
4
SPX important to hold 3900 level on any test/if any tomorrowIdeal pathway for tomorrow is either gap down or sell after the open to mark new lows in low 3900SPX (3896-3908), then a strong reversal into Fri open Im watching two levels for tomorrow on the upside: - 3965-70SPX - 4000SPX Holding 4k will be important, as it will be a text book test of the broken down bull trend to confirm that the price has marked the top and it's on the way to make new lows. I wont be surprised if the price overshoots to 4025-35 and even 4060+ and reverse hard from those levels. So expect unexpected Here is a zoomed in chart for tomorrow Open above today's highs will be bullish. If it does, watch today's high as support. Maj support tomorrow on closing level is 3933-34SPX, its a bear bull line at this point, closing below we will see mid 38 hundred next! Resistance mentioned above and maj resistance is 4119-20SPX, closing above will push price to mid 41 hundred and even 4200+ Im not in that camp, but cant rule out mid 4k test as overshoot/stop run move. Trading cycle is bearish now, all the way into 19-20th low! Dont want 4120SPX being taken, it will flip to bullish if it does. My trading pathway for tomorrow is to buy am lows and ride it at least into the close or at least 3960-70SPX
SP:SPX
by RealTima
2