From a 15 min timeframe perspective. Kind of bullish to me for the next week. We'll still need to validate that new support line as a rock solid one. We still need to be carfull of the gaps that popped at the beggining of the April run. Thanks for you support and feel free to comment your ideas.
thepatternsite.com Breakout can be in either direction.
S&P500 daily- Still within Rising wedge if using non-log chart. Of course, on the Log chart, the S&P500 has already broken support line. However, I think from history, the market tends to favor the non-log chart in most cases.
After a nice bull run, some were taking profits today. We started the day with heavy selling, some shares were bought back later in the day. The market hit the resistance and we might see some weakness until friday. Or a rebound ! Who knows :') Happy trading.
For further info on Rising Wedges. thepatternsite.com
$VOo -LOOK AT THIS CHART. WOULD YOU JUST LOOK AT IT! Im posting VOO because it is one of my favorite long term investment holds. Every portfolio should have some Vanguard funds in it, and especially should have the VOO . But look at this. Look at the dip and rip from March 2020. Its now up almost 80%. And it will be up 80% soon. Don't freak out because of a...
S&P500 daily- Perfect Megaphone (Broadening Wedge),RSI Divergence. Perfect storm?
S&P500 daily- Bearish divergence on RSI, and hitting resistance within Broadening Wedge pattern.
Main items we can see on the chart: a) The price has Reached the All-time highs and failed to keep the zone b) After the first sell-off we can see a corrective structure c) Our expectation is that if the price breaks below the structure, that would be a confirmation for the bearish movement, towards the next support zone d) We will take this trade to...
S&P500 target 36000- Before major resistance.
S&P500 Monthly- Long term chart. Bearish RSI divergence. 1600 worse case target.
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
On the 27th May 2020, we saw the Vanguard S&P 500 ETF (Symbol: VOO) rise above the 200 Moving Average. Today a share is worth 301.99. Before the tremendous drop on 20th Feb 2020, prices closed at a high of 311.39. The fact that we are already above the 300.00 mark and only just 9.40 from its pre-COVID high, has VOO really recovered? Nevertheless, it is still a...
S&P500 daily- Divergent RSIs. Three consecutive higher highs in price peaks, and three consecutive lower lows in the corresponding RSI peaks. This is bearish unless we snap out of this.
S&P500- possibly a post-Trump November election victory rally to 4000 in 2021.