S&P 500 - Loosing momentum RSI suggests that we have bearish days ahead of us; maybe weeks!
4-hr chart just declined breaking out the (white) resistance trend line.
Also, double TOP is observed.
Usmarkets
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.
Oil Bearish - MY BEST ANALYSIS SO FAR!!This is a retest of the Hell that broke loose. Ask youself a question...If there was that much selling here, what's the probability that price will fall big the next time price comes here again? If the answer is more than 50.1%, you should probably take the trade. Price might not be guaranteed to fall as far but you've got a clear signal that you could bank at least a little profit in this area.
This is what trading is. A game of probabilities. Your job is to trade at times where there is the most probability of price moving big, in a certain direction.
Naked trading is just that simple. Trading the bigger timeframes helps keep the markets in perspective.
The SECRET is to get out of a trade that looked good but isn't so good after a while. You've got to be disciplined when you know you just need to take the loss. Like in a relationship lol...ALWAYS WIN bigger than you lose!
YOU ALL CAN DO THIS! You can use trading to change your life & everyone around you!
SELL ZN1 in the next RED VOLUMEHello Friends
*****
the ZN1 market is in an uptrend
followed by a green volume increase at the bottom
and wick candle at the top of vwap it means that the market is going to bear
=> it's a sell signal
so you can sell and get out in the next red volume
THANK YOU
ATSELECTION
CCL Carnival Corporation with good bullish opportunity $CCL is trading on the lower boundary of the projected PEAD cone with good room towards the Median line making for a possible bullish move
ADVANCED MICRO DEVICES, INC. Bullish move (EPSMomentum)$AMD is looking good with positive EM Score, EM Bias and Earning momentum.
price is trading well within the projected range with a potential of a 12.63% to the upside if it closes on the mean by the next earning.
Check EPS Momentum for more details on our stock scoring and screening system.
SP500 Bouncing among support and resistance Market broke previous all time high and made new one. Election euphoria is coming next month with trade deal and corona virus vaccine.
QQQ All-Time LevelsIn an uncertain market it is hard to find footing. NASDAQ:QQQ is currently testing a jumpy support level right now. The biggest factors that will play into the outlook of the NASDAQ and the market as a whole is government stimulus and the upcoming election. Many analysts are comparing this years election to Gore-Bush election and the uncertainty could be detrimental for our market. If support begins to break and there is no positive news on a COVID vaccine, QQQ could face some major downside before leveling out. Many analysts have also compared the boom in tech "post-COVID" to the .com bubble in 1999. Furthermore, the news of Europe begining to take preventative measures is creating more fear globally. If the market doesn't quickly move to fill the gap down or support is broken there is room for a lot more sell-off. It's a long way down.
SPX weakness intensifies ST. Price into the Daily Cloud.The short term weakness on the SPX persists since the short signal was triggered in the short term on the 4th of Sep 2020. The uptrend starting on the 25th of May 2020 the daily charts has taken a pause. Price now will test the downside on the SSSB (RED LINE) on the cloud.
A break and HOLD below the SSSB cloud will start a new downtrend in the MT. The downside target remains at 2973..
SPY fork pattern analysisI published another fork pattern idea earlier today (see related idea) on the daily chart pointing out how the fork patterns predicted the lasts 2 major market falls and the starting of the recovery after the previous fall and likely the point where recovery starts for the current fall (which was yesterday). I went to 1H chart to get a feel for where the market is going. You can see (for the 1st fork on th chart) the market fell when it reached the top fork line and that yesterday SPY went below the bottom fork line (for the second fork). The 3rd fork, meant to predict the market direction, is a bit premature: it's only based on 2 days of price action and it's rather narrow. Price action over the next days will likely go beyond the fork and will expand it. However, the fork may still give a valuable idea about the upcoming trend. Thus I predict that the SPY will reach the last red circle on the graph (when the last fork will reach the top line of the 2nd fork). That is around 342-343 on Oct. 13. As I said, this is preliminary, as the price action over the next days will likely expand the fork and thus, that point of intersection may come sooner. Whenever it comes, I find it rather likely that SPY will have a little, temporary fall at that point. That may happen instead when the last fork reaches the green line of the 2nd fork (where the 1st red circle is, around 339 price level on Oct. 7) but I find that less likely.
Conclusion: go long.
"Like it" if you like it! Add your comments, questions or concerns if you have any.
DISCLAIMER: Security trading involves substantial risk of loss. My analysis is not trading advice. Do your own research first and/or consult a financial advisor. I'm not responsible for any losses you may incur following my analysis.
SPY fork pattern indicating the fall ended and recovery startedIf you draw the highest resistance trend line since the recovery started (the blue line in the graph) and from the high before the last one (where the red line starts, on April 29) draw a fork to the last high on that resistance trend line (on June 28) and to the latest low after that high (on the green line, on June 29) this fork clearly shows that SPY fell right after it opened and went over the the upper fork line (on 9/2) and, if the pattern holds, yesterday when it went below the upper line of the fork will be the point where recovery starts and the market will go up.
Conclusion: go long.
"Like it" if you like it! Add your comments, questions or concerns if you have any.
DISCLAIMER: Security trading involves substantial risk of loss. My analysis is not trading advice. Do your own research first and/or consult a financial advisor. I'm not responsible for any losses you may incur following my analysis.
SPX correction intensifies in the short termA close at 3329 in the SPX sits exactly on the SSSA line of the day ichimoku cloud.
A test of the base of the cloud is imminent. The baseline forms support for now. The Teken level on the weekly charts is at 3350, this has been violated giving way to more weakness.
Bottomline: A resumption in the uptrend must see a bounce from Friday's close at 3329 to 3375 for the MT/LT uptrend to resume. A break and hold below the SSSB line on the Day charts may signal a corrective move to 2973, The Supertrend line on the weekly.
SPX UPDATE 140920 : SHORT TERM WEAKNESSShort term weakness on the SPX since the short signal on the 030920 continues to the new trading week of 150920 spanning 14 days. Short term support is now between 3150 - 3280.
A break of 3150 will see a corrective retreat on the weekly charts to 2973.
Alternatively, a break and hold above 3443 will resume the uptrend of the SPX on all time frames.
SPX REBOUNDS TO TEST 3475The SPX has Rebound of its intraday lows of the week on the 9th of Sep to the Kijun Sen on the 4hr charts at 3475.
This is a 50% retracement based on Ichimoku cloud indicators. Pivot will be at 3400. A close and hold above 3400 will test the Supertrend level at 3475 which is also above the SSSA line. A break below the pivot will see the retest of the week's corrective lows. The SPX is still on a medium term uptrend on the Medium and Long Term charts. A close a hold above 3475 into the purple trading area will resume the longer term uptrend.
Big Picture S&P500 (US Markets) Where are we in the Big Cycle? Can the central banks prevent the crash? To me it looks like we are in one big complicated messy expanding flat. Economic deterioration pushing the markets down, while fresh central bank dollars pushing the market up.
SPX500 - Looks good on daily but approaching resistanceStill looks good on daily, currently trying to rise.
I think there's a decent chance to see another with onto 3150 red zone this week (or even coming days).
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Are we seeing the start of a downtrend for SPX500? Are we seeing the start of a downtrend for SPX500?
Last week, we broke out of the rising wedge and gapped down.
Currently, MACD, RSI, 2 Day "Rate of Change" and Filter wave are all showing bearish signals.
Therefore, I am leaning towards the market to go down.
If we close below 2934 (0.618 Fib retracement and 50 moving average),
it is a CONFIRMED downtrend for me.
Lastly, we cannot rule out sideways actions, it will not surprise me that we trade between the fib levels (2934 and 3136) for the next 5 days.
Tesla first time Strong setup for giving you buying opportunityWhen we look toward US market tesla is one of the leading company of US market
According to TA, I am buying Tesla in our portfolio Gives a good return in the upcoming days
Thanks
Will the BEARS continue to get CRUSHED? Price at Key Area!The TVC:SPX gained another 3.01% last week. Our view last week was that there was the potential for price decline to 2800 which would be a good area to go long. However the Bulls are clearly still very aggressive in this market and so we did not get that retest. More importantly price was able to close above the important level of 3000. I believe we may get a drop in price before a BULLISH continuation, this view is also supported by a monthly gain of 3.57%. This week I will be looking to add further positions in key buying areas.
