See chart below. This is a different way of doing this but... I have circled on 1 day ticks every time that the S&P has touched the 200 day moving average with Orange circles. I have also measured some of the longest runs that we have not touched the 200 day M/A. Comment your thoughts.
Here is my trend analysis of how the S&P will go up forever thanks for listening.
I am loading puts. Simply trading the trend to limit risk. Starting a big position and will cut it in half at 411. I believe this thing belongs in the 375 area. Trade with caution. Risk on.
Idk..... Looks to me like head and shoulders is forming. First target 400 2nd 395 3rd 100
Chart should explain. Please comment your opinions.
I want to make this short and sweet. Smart money is simply not buying here. Let's take a look at the RSI level on the 4 hour chart. I have circled every area that the RSI has been at these levels in the past. See the correlation of price action shortly after. Sure I am a long term bull and the March dip is over.... but we ripped a little too far too fast. As...
This formation is yet to let me down. Although there is a strong amount of resistance at the yellow dotted line above. I think that will only make it fly further once we break it. Earnings are coming up... sounds like a good time to bust down walls. -NOT Financial Advice
See a clear inverse head and shoulders chart layout. My first take profit will be at the first sign of resistance. Comment what you think. -Not Financial Advice
I see a double bull flag pendent which tells me this will move higher once again.. Let me know your thoughts in the comments. - Not financial advice