Well, it happened, again! "They" dropped the SPX down to 2761 = Support. Then, "They" bounced it Up. Are not we Wise to this, by now?
The indices at resistance zone right now. let see what will happen next.
Price touched 50% retracement level of the recent crash as well as the upper band of the ascending channel which is a bearish pattern. There is high probability that the price is going to reverse and resume its down trend after breaking the channel support. N.B, Please note that this is a market study based on my knowledge and experience and not a trade...
As we know s & p is going high.can neft will be effected..let's see.
This Up day, gave me a chance to SELL 2 Crappy Stocks, that I had Bought. Cash back into my Account. Hoorah!
It is Tough dealing with Criminals on a daily basis! I don't know why I put myself thru this (?)
S&P 500 broken monthly trend line and broken the support zone. unless the S&P 500 closed above 2680, one should prepared for further correction...
The S&P 500 (SPX) is now starting to bounce. The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today. We have more details on the chart above. We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all...
Looks like it broke out from a descending wedge and Coming down for a possible throwback. Also ther is multiple divergence showing up with RSI on 4hr. if the wedge support doesn't hold then we have to have wait longer for the reversal. My targets are indicated by horizontal support lines. NOTE: Not a financial advice. Just an idea.
TODAY the final wave 5 will complete. Monday by 12.30 pm a new wave 'A' WILL BEGIN