Ok, what do we have here? SPX 500 is showing us the bullish signs, Trump says there is a pill which MIGHT be effective for treating the Virus, some stocks have pops considerably. Now, here is what I think: SELL EVERY POP in US Stocks. Here is why: - Today the number of sick people have gone up Exponentially in USA. - Economic data is horrible, worst in many...
The analysis were done on a 1W time frame chart. Big time frame chart, shows that the overall market trend is Bullish and the recent sell off is nothing but the natural phenomenon of all the markets in our history. Recently the US stock market was VERY overbought and the Sell off was certain (Despite that media is blaming Trump, the Fed and everything but truth,...
Spx 500 my idea of future price action
Whitel lines are the Fibs, so the trend lines and the Fibs are conjested in one zone. That has to be a strong zone
Gold Might drop because of the sentiment about the Fed Interest Rates hike, however, this did not happen yet, and the North Korean tentions are becoming more and more serious. To sum up, this is going to be short increase in cold followed by the drop. In my personal Opinion, Gold is going to form a cypher pattern. The Big drop is going to be caused by a tax...
Many indicators are giving the same signal and the same zone as buy zone. They are: the Fibonacci retracements are conjuncted, moreover they are conjuncted on a zone where there are many support zones; RSI is giving a bullish signal as well. Furthermore, EMA 55 and EMA 21 Support and Resistance zone rejected the price. I am pretty convinced that there is a...
There is a clear Downtrend Channel, the 50% Fibonacci level held, that level had matched with the Bollinger Bands, ADX's Bearish force is down, and then there is pretty Shooting Star Candle. Placing my trades for SELL position... And do not forget about Risk Management ;)
Fibonacci 0.618 is the strongest of them all so it will hold, the price will push to the next Fibo level 0.764 then will drop due to the Oil price (as we know Oil has very heavy place in Canadian Economy.) will push Canadian up which means USD will drop against it.
Strong Stochastic is highly overbought, D.Channel is supporting and if we put a line on the current price, we can clearly see that there is very strong resistance zones according to the history. On the other hand the fundamental side of UK does not look good either. G. Osborn recently has announced that UK's estimated GDP is expected to do down (pay attention, it...
It is going to be a breakout forming a big swing. In my personal point of view, It is going to be downtrend. As we know about USA's financial problems.....
I thing it is time to back down...even that is a start of a new trend, that will decrease.... So we can gain some pips Shorting this pair... :) Good luck everybody....!!!
All the indicators are showing oversold, there are two Weak Candles, there is a good Crab.... I think time to short....