Pre-market Futures Short 17:11:14 (UTC) Sun Apr 26, 2020Pre-market Futures Short
17:11:14 (UTC) Sun Apr 26, 2020
Us500long
US500 2879.0 + 2.99% LONG IDEAGood Day Traders....
HERE'S A LONG IDEA ON S&P500 IN THE COMING WEEK
U.S STOCK FUTURES JUMPED AFTER REPORTS OF PROMISING EARLY DATA RELATED TO POTENTIAL COVID 19 TREATMENT
TRUMP ALSO ANNOUNCED REOPENING THE ECONOMY
THE SPX AND OTHER STOCKS HAVE SHOWN FAVORABLE SIGNS OF AN ASCEND OR RATHER CONTINUATION TO THE UPSIDE
FUNDAMENTALLY THE U.S STOCKS HAVE BEEN DOING WELL GOOD REPORTS AND MANY SIGNS OF STRAIGHT IN THE COMING WEEKS
WILL BE LOOKING FOR GOOD ENTRIES WITH THE BULLS IN THE COMING WEEK ON THE STOCK
PENDING ODER/ BUY ORDERS
TARGET 1 - 2900.0
TARGET 2 - 3000.0
* IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT....
US500, SPX Head and Shoulder 06:49:45 (UTC) Wed Apr 8, 2020US500, SPX Head and Shoulder 06:49:45 (UTC) Wed Apr 8, 2020
S&P - US500The S&P has been over brought for a long, long time. The cornavirus is a real thing, but anyone with half a brian can see that the Market Makers are taking
advantage of the sitaution by correcting the markets.
|
This assualt on the markets was strategic.
|
With that being said, expect the S&P to pull back to the 2300 levels and at worst 2100 levels and then gradually return to the 3000 levels
creating suport and resistance levels on the way up.
buy the dip at 2325 on ma 50 monthly adust your trailing stopas we get stopped with few profit on the trailing stop in the last trade on sp500
this time he touched deeply the ma50 monthly and is a big big support before end of years after down around 20%
so i expect a more bif rebound and got more profit that your last trade.
i proceed the same : buy at 2325 and make a stop loss when he reach 2350 at my entry point +5 pips for fun (psychological profit)
and every 10 pts i will up my stop loss of 10 pts also until he reach if he reach lol 24xx
i hope on this trade to take at least 50 (500) pts
not if he down again direct at 2300 and a bit less i will add 1 lot
i will comment in almost real time the trade
Fibonacci time and price targetsIts a great example how perfect Fibonacci time and price extensions work together. Price moves after Fibonacci ratios also in time sequence, not only at price levels. Fibonacci time extension work perfect with oscillators like stochastics. Here I used modified Ichimoku settings (doubled ones).