Brazil looking ahead to recovery economy ....
This chart is a sequence of chart I started in the begging of June and I did it for my records. Good trades for everybody
Every time that SP500 crossed down the 50 MA with a full candle (not a tale) in the daily chart, the day after it had a trend down continuation. The weekly chart also plot a bear cross in the MACD.
Every time that SP500 crossed down the 50 MA with a full candle (not a tale) in the daily chart, the day after it had a trend down continuation. The weekly chart also plot a bear cross in the MACD.
The cull and handle pattern occurred in may different time frame, however I believe this one in the 4hours chart can confirm a strong up move. There is some resistance at 1960, but chances to the market break this level today and climb more. Time will tell
If we close bellow 1963,is a down trend with chances to move a bit lower, but if we close bellow 1950 , I will add another shark creature .... chances to visit deep waters; 1937, 1917, 1900
The week was configuring a small downtrend that was interrupted in the last 50min of Friday, when market was pushed higher, "analysts attributed increased buying in the afternoon to the end-of-quarter rebalancing of portfolios by institutional investors." (www.marketwatch.com) However the strong buying action did not pushed SP500 to levels of 1963-1965, the...
Today SP500 fought to break the 1942 resistance level, it broke but pulled back, however it did not broke the 1950, which could be the 1st sign of down direction. I drew what I m seeing. Clear, I m looking for a short entry but if it fails might also give me good clue of long entry. Some indicators help confirm the direction but don't do miracle. Today the...