TrQ00l

TrQ00l

Today, the market denied to break the KEY resistance. Usually, Friday will be intraday volatile with not much effect before weekend closing. Market participants won't make big dicisions until G20 ends (1.December). I see no sentiment for a upward rally yet. However, there is no sellof trigger for the weekend aswell. It is a 50/50 tomorrow with no clear signal from...

TrQ00l

1. If SPX breaks the downward intermediate trend above 0.618, we will probably see a Head and Shoulders formation. This would break the 0.382 retracement and crossing the Ichimoku cloud at the same time. Hence, trigger a rally. 2. Otherwise, we will see a Death Cross and a continuation of the sell off towards the support. A break of the intermediate trend below...

TrQ00l

Emerging Market sell off and low oil prices could form the cup and handle.

TrQ00l

Bearish parabolic trend ends soon!