S&P500 daily- Consolidating into a Symmetrical Triangle, after breaking down from Uptrend. Interesting, AUD/USD daily chart looking like a carbon copy too.
S&P500 daily- Potential for a 1-2-3 trend change reversal? Step 1 completed. For those not familiar with Victor Sperandeos' (Wall Street legend Trader Vic's 1-2-3 trend reversal method): thepatternsite.com
With the overall bullrun over the past couple months or so the market had to fall at some point to correct itself. I believe if it rebounds back up to it's support and continues it's steady rise again we might be back on track and set for a good recovery. You can see clearly that the VOO has been staying directly in this upward channel. Would love to hear your thoughts.
60% of Rising Wedges end with a downward breakout. However, downward breakouts are some of the worst performing chart patterns, with an unacceptably high failure rate, small post breakout declines, and pullbacks occurring 72% of the times. Thomas Bulkowski- Encyclopaedia of Chart patterns. thepatternsite.com
60% of Rising Wedges end with a downward breakout. However, downward breakouts are some of the worst performing chart patterns, with an unacceptably high failure rate, small post breakout declines, and pullbacks occurring 72% of the times. Thomas Bulkowski thepatternsite.com
$VOO has seem some great gains in the last couple of months. I've identified some demand at 233. Price has yet to return to this level since rallied from it. Could be a good buy at this price.
S&P500 daily- Testing times. Likely, to reflect down in the short term.
S&P500 daily- Ascending Broadening Wedge- ABW (with three contact points on either side of the ABW). ABW tend to not appear during bear markets, most often seen in bull markets with downward breakouts. Breakout is 52% of the times downwards. Also, two other critcal points- 1) The Fib retracement 61.8% seems to soon be either support of resistance. 2) 3000 on...
SP500 daily chart- Inside the eclipse, price is range bounding inside a broadening wedge, testing the 61.8% Fib Retracement level, and just under the all important flat 200-day Moving Average. SP500 must over come all these obstacles to demonstrate a clear path to recovery.
SP500 daily- Rising wedge pattern/50% Fib Retrace/Bollinger midline support. Rising Wedges has one of the worst post breakout performance and high failures (especially for downward breakouts)- Thomas Bullkowski.
S&P500 daily- 50% Fib retracement respect.
Since market peak on Feb 14th, SP500 is down 26%, Bitcoin down 35%, and Gold up 3.6% Interesting how everyone use to compare Bitcoin with Gold saying it was 'Safe haven'- clearly not!
S&P500 daily- reflecting south from 20-day MA and 38.2% Fib retracement level.
The December 2018 lows were a test of the bull market. Those will likely break, because we are no longer in a bull market. We are in a bear market. The 2015-16 consolidation is a likely point for the stock market to regain some stability or if panic occurs, then a lower level will come quickly. The double tops of 2000 and 2007 are becoming more likely as the...
Resistant levels - finding markets bottoms at priori mode Finding markets bottoms - priori mode, important resistance levels signaled at red color in spx index and based on value line geometric line, ie, common stock performance...
S&P500- Back within Broadening wedge. Major support around 2000-2050. If this is breached convincingly, watch out below!!
The 200 period moving average has been acting as support for a long while. If this Coronavirus goes nuts, prices will slice right through it.
Just for Stats ... Number of days during 1 month when SPX index move more than 1 %