The German index is just 3% away from an all-time high
strong outperformer against global peers.
now at 15875, can move beyond the 16300 mark
on the downside good as long as hold the 15250-15300 area
Google has formed Cup Handle Pattern on daily timeframe chart. This is bullish pattern, we can take swing trade here.
Entry:
We can go Long after close of bullish candle above the resistance zone as marked on chart.
Target:
Usually for Cup & Handle Pattern target is equal to the depth of cup, we are going to keep the target near the next resistance...
Hey folks
If you have check out about my bearish wedge educational post about s and p
You have already understood the market situation
now my target region for s and p is 3575$
Follow for more updates
My analysis today deals with how the further course of our most popular stock index "S&P500" could look like.
The DXY / USD has a non-negligible impact on the S&P500, as the whole economy depends on its behavior.
> Meanwhile, this seems to take run-up, for a final upswing, which could bring the S&P500 under massive selling pressure.
> Regardless of this...
spx rejecting trend-line again for the 4th time an last time we 12% 17% 19%, this time i'm expecting 20% dump on it. and DXY is at support right now. fib support at 3150
CFTC publishes on a weekly basis COT reports in 3 formats - Legacy, Disaggregated, Financials.
www.cftc.gov
Big financial / commodity / currency traders keep a watch on this data on a weekly basis. All futures traders should also track this data.
To make it easy to consume, I created 3 indicators to consume this information in a simple...
S&P 500 index futures has completed a falling wedge on 4H chart. Falling wedge is a reversal signal and indicates lack of strength in the bears. Hence, we may see price correct back to 50MA (red line) and the wedge high of 3739.
We will watch for price action as it touches the 50MA. If the price reverses and bears come back at 50MA, bullish bet would be called...
There are two parallel channel if we consider data from 1942
inside inner channel price may try to test lower channel that could be good chance for going long towards upper elbow of the outer channel
SPX buy here and dips up to 3940 with Stop and Reverse sustaining below 3940 to recover loss.
Confirmation sustaining above 4040.
Initial targets 4100-4150 to make position free of cost.
Sustaining above T-2, increase target to 5000. Positional..
The analysis is there in the chart and it is self explanatory!
There is a specific indicator that is giving a high probability of DOWN movement.
Disclaimer: Consult your financial adviser before investing.
Note: I am not a financial adviser.
Conclusion: You are responsible for your own trades!
🥂 Cheers! 🥂
This whole rise has from 3693 low (yes, not the actual low at 3639. Refer: wave 5 truncation) has been a 3 wave move so far.
Wave 1/A has been a clear 5 wave followed by an extended 3/C wave with the iii of 3 extension.
The 3/C wave ended with wave 5 as an ending diagonal.
Now, the fall from the absolute high of 4327 has been impulsive so far with a series of...
Short with a stop-loss of breakout above the red channel.
If this short trade works out, go all out if breaks down below the green channel.
Stop loss is relatively small at this point, but better to wait till end of the session to see whether this red channel is being taken out today itself.
What are the odds? I think there is a good chance we get a fake-out (false breakout) on higher timeframe here, maybe to even 37000 and then slow bleed and consolidation to 30k till end on year.
I am personally not buying anything here. Maybe scalp longs here and there but will wait for 30k to load up anything from swing-trade or long term point of view.
Stay tuned.
