SPX bullish all time frames. Support at 3509.The SPX continues to hold its bullish tone on all time frames and is attempting to retry its intraday high of 3674.
Pay attention to the monthly supertrend line on the monthly chart currently at 3645. As we enter into the traditional year end Santa Claus rally, the bulls must break the supertrend line to the upside coming dec to maintain the rally into 2021. Failure to break and hold the supertrend line puts the uptrend in the ST at risk.
Short term support at 3509 must hold.
A break of 3509 will see a ST downtrend to test 3446 and 3325.
Supertrend
Direction forecast (Ill only enter if rules play out) (Detailed)So I personally believe we are headed to that 136.00 strong support line.
Presented is the daily chart. Clear patter shows that when a bullish bar closes closer to the open price just beneath 138.00 following a bear trend, the trend continues.
On the 4 hr chart a sell super trend triggered before the MACD and signal line crossed through the 0 line. When this a sell super trend triggers early on 4 hr chart like this the MACD and signal line will cross the 0 line as a rule. (I have not seen otherwise). Generally the sell super trend on a 4 hour chart will trigger at or just over the MACD 0 line. That being said I will be heavily rely on the MACD and signal line on 4hr chart to cross 0 line before entering a sell
On the 3 hr chart the MACD and signal are flowing nice down through the zero line. Both lines are also flowing through negative bins. Cross down through negative bins with no or minimal positive bin interference, is a good sign for downward continuation. Also much like the 4 hour super trend trigger, the sell super trend on 3 hour chart triggered before the MACD and signal crossed the 0 line. As you can see the early sell super trend trigger, pushed the MACD and signal through 0 line.
In order for all this to play out two important corrections need to happen on the 1 and 2 hr charts.
On the 1 hr chart the MACD and signal line must correct beneath the 0 line with a MACD cross down on signal. The MACD line on the 2hr chart will correct and bounce off signal to maintain trend as well as sell super trend line
If the MACD on 1 hr does not correct and resumes upward, the MACD signal cross up will trigger on the 2 hr chart which will then trigger an immediate buy super trend. If this happens the MACD and signal on the 1 hr chart will be the first to cross up through the 0 line which would cancel this idea.
My entry rules: Wait for 1 hr MACD to cross back down through signal on to maintain sell super trend on 2 hr which will push MACD and signal lines on 3 hr further passed the zero line which then will trigger the MACD and signal on 4 hour to breach the 0 line.
Strict rules give me big profit and help me avoid entering a losing trade. Hope everyone found this helpful let me know your thoughts
How I forecasted DXY with extreme accuracy (Detailed)So I saw a lot of DXY ideas within the popular section ideas that blew my mind with long forecasts. I was very successful to close out the week with this clear forecast of DXY using my MACD strategy. Buckle up.
Presented is the 1 hr chart. Alot of traders using MACD will enter a trade when the MACD and signal line cross on a 1 hr chart. Although this can play out in the long run, you risk pullbacks or end up going back in its trend direction. This can be seen on my chart where I pinpointed the pullback.
After the short pullback ended a bearish engulfing closed triggered sell super trend. When a super trend is triggered on the 1 hr chart, the MACD crosses the signal line on the two hour chart which in return gives me confirmation that the MACD and signal line on the 1 hr chart will push to cross down through the 0 line (which it did).
When the MACD and signal on 1 hr charts cross the 0 line this gives excellent entry points to avoid pullbacks as well as adding sentiment to continuation (which it did). Also when the MACD and signal cross over the 0 line on 1 hr chart, a MACD cross through signal is triggered on the 4 hr chart completing same MACD/SIGNAL direction on the hourly charts. (More confirmation for direction)
As the MACD and signal line cross through the 0 lime on the hourly charts the trend continues. This strategy plays out perfectly and I did not have to second guess DXY direction, making it easier to intraday trade with USD pairs.
Feel free to ask questions about this strategy and Incan answer them! If you like my strategy give me a follow and see the success! Thank you.
STI RALLIES WITH WALL STREET. SUPPORT AT 2506. A Biden win gave the STI a strong boost and broke the ST downtrend on 4hr charts on the 3rd of Nov 2020 at 2517. The STI hit and intraday high of 2519.
Levels to support uptrend on the day and 4hr charts will be at 2506.
Uptrend targets are now at 2626 and then 2697 initially.
A break of 2506 will see the test of 2200.
SPX REBOUNDS TO TEST 3647A Biden Presidency gave the SPX a bounce to test 3647 after it bounced of weekly support near 3176.
A long signal was issued on the 4hr charts at 3351 on the 3rd of Nov 2020.
A long signal was issued on the day charts at 3471 on the 5th of Nov 2020.
Target now stands at all time highs if we can break and close above 3647.
Support for the ST is at 3400.
A break of 3400 will negate this rally and resume a ST downtrend
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SPX BREAKS 3333 TO TEST 3176A broad sell off across the globe started on the 281020.
This sell off spark the SPX to break its Supertrend line at 3333 opening the door to its weekly Kijun support at 3176.
The short signal was issued 2 weeks back on the 4hr chart at 3482 on 151020.
On a birds eye view, the MT and LT outlook of the SPX is still uptrend.
This move towards 3176 is ST in nature and corrective. 10% corrections are normal in the course of market lifespans.
A break above 3389 will resume ST uptrend.
STI BEARISH ON ALL TIME FRAMES. WATCH 2448.The STI short signal on the 4hr charts issued on 271020 gave traders 2 days to prepare their shorts and trim positions.
The STI short signal on 281020 the day charts was the last line in the sand to trim positions.
STI gapped down on 291020 to test 2448. A break and hold below 2448 will test 2200.
Only a break and hold above 2509 will resume ST selling pressures.
The STI has been on a MT/LT DOWNTREND SINCE THE SHORT SIGNAL WAS ISSUED ON THE WEEK CHARTS ON THE 5TH OF OCT 2019 LAST YEAR.
INTEL SHORT ON 231020 TARGETS $39Intel is now under immense pressure targeting $43.33 then $38.96.
Short signals on both the ST 4hr and daily chart points to $43.33 and the short signal issued since the 24th of feb this year on he weekly charts points to further weakness LT towards the supertrend target of the monthly charts at $38.96.
The LT uptrend on the monthly chart where the long signal was issued in 2012 is 8 years in up cycle and seems to be weakening with all the ST/MT indicators flashing a sell. Buyers beware. Profit taking is advised.
SPX WEAKNESS BELOW 3491The short signal issued on 151020 has prevailed throughout the week.
Price action in the cloud is often characterized by high volatility till a breakout from either side occurs.
A break below the 4hr cloud will test 3333.
A break above 3491 will resume the uptrend and test 3550 and 3585 (ATH)
STI TESTS 2516 TWICEThe STI made an intraday high of 2569 on the 13 oct and has since faced selling pressure throughout the week to test 2516.
A break of 2516 will quickly move to 2509 and a close below 2509 will resume downtrend in all timeframes.
A hold above 2516 will test 2569 and may start an uptrend on the daily charts.
SPX watch 3518. Short term pause in uptrend.A short signal has been issued on the 151020 at 3482.
Price action is volatile with the approaching elections and the hopes of a COVID stimulus package from the white house.
The SSSB line on the cloud at 3430 must hold for the uptrend to continue.
A break of 3430 will test 3331.
Alternatively, A break and hold above 3518 will quickly test 3585
STI TESTING SUPPORT AT 2516The STI has paused its downtrend in the ST on 121020 at 2542.
The buy signal on the 4hr charts at 2510 remains valid only if 2516 holds.
A break below 2516 will test 2485 and a close below 2485 will resume downtrend on all time frames to test the lows.
A bounce from 2516 and hold above the SSSA daily charts above 2524 will relieve LT downtrend pressures and start a ST uptrend.
STI BUY SIGNAL 091020 TARGETS 2547The STI has generated a buy signal at 2520 on 091020.
Immediate target is 2547.
A close above 2547 and hold will generate a ST/MT uptrend towards 2717
Failure to break above 2547 will retest 2510 and resume its MT/LT downtrend.
The STI is in a persistent MT/LT downtrend till otherwise indicated.
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Backed up with COT data on what Hedge funds are doing we have EQUAL shorts and EQUAL longs, this pair is range bound as GBP is weak and AUD is weak...GBPAUD just tested the 1.8183 resistance level,Now possibly going to form an M pattern.
Entry: 1.81690
Stoploss: 1.83279
Profit target: 1.76486
Ratio: 3.28
STI downtrend intact. Tries to stay above 2500. 031020.The STI has tried multiple times to hold the 2500 level in the last trading week.
A break and hold above 2510 will relieve the selling pressure.
A range within the downtrend has develop between 2450 and 2510 in the ST
A test of 2450 is still imminent.
STI downtrend struggles to break above 2500The STI is into its downtrend for 15th weeks now since the 24th of July 2020.
2500 level needs to be reclaimed and a close above 2520 will negate the correction.
The downside target of 2200 in the MT/LT remains a viable target if a sustained recovery above 2520 and 2551 fails to materialize.