drazen44

drazen44

Yes, it could, but I am a bit bearish. Market is always right, and although oscillators are below 30, I think this is not the time to buy. If you hold stocks, good luck, but I think you are on the wrong side.

drazen44

SPX500 broke trendline . Next target is third support at 2700.

drazen44

This is line that is strongly defended. If it breaks, bears will again step in, if not bulls are in charge.

drazen44

Breakout up or down could lead to bigger movement.

drazen44

Very likely that it will move toward third support, around 2800. Next week. This week broke two support lines, I think this is enough work.

drazen44

When they first time visited there weren't too much struggle. Now, they will break it like a glass.

drazen44

According to my previous analysis, first support is still valid. Does this mean that drop is over? In my opinion not.

drazen44

Read an article and look at picture. marketrealist.com

drazen44

Today non farm payroll will be as expected. This will trigger another drop. Then there is election in US. Trade war will one day surface again.

drazen44

This could be flag, or a wedge. If D will happen remain to be shown.

drazen44

14.8 Bitcoin formed hammer, day after it formed inverted hammer. Although I am not sure if this could last long, this is bitcoin so everything is possible.

drazen44

Although this currency pair is overbought, this could be good entry point for another swing.

drazen44

This is what bitcoin tried to break several times.

drazen44

This is line which could change sentiment.

drazen44

Not sure if it will hold but it rebounded with some strength.

drazen44

MACD and RSI diverge, as S&P 500 too.

drazen44

As you can see MACD and RSI is showing divergence. Maybe is time to rethink long positions.

drazen44

MACD divergence is sometimes good signal, and other times it isn't. In combination with RSI it could be a sign to close stocks from this index.