S&P 500 index is at the verge of a flag breakout on the 15 minutes TF. Targets are near 2570. Wait for confirmation by the next candle, and a mostly probable retest of the resistance turned support before entering.
First SPX market Fib. Will hold my positions and pay attention to Feds statements as well as trade war with china.
Sort of proved wrong in the last contrarian set up, but here we are not approaching the strong resistance zones of 2600-2630.. and unlikely to clear that easily. this could present some good contrarian ideas shortly.
This has fallen very strong indicating the bearish sentiments , but in my view this move could lead to one more leg up and might also make new higher high , Lets wait and see
SPX - S&P 500 is in the Major Uptrend. . . Bulls Roxx!!! It's just a little retracement Man. . .
S and P is rejected for the 3rd time at the 100 dma.. and is close to the 20 dma..any break below the 20 dma can resume downtrend NOTE: this is my personal view and not a trading/investment advice
Crushing impact of Negative Divergence on MACD on weekly chart. Price of S&P500 has come down to the crucial level of 200 Week SMA for support. Twice previously 200 Week SMA helped this Index to rise up. Will the same happen now? If this level does not provide support, logical next level is around 2085-- 1.618 retracement. Either way, this will influence all the...
Hi guys, today we will make clearly what happen with S&P500 0.41% in the next time. This is really a difficult question for answer but look at this chart and read the explain in below you will see my view about the market right now. First review about the 1M (1 month) candle, we have big red candle, this is really very bad signal with RSI divergence has occur...
The bullish trend appears to have been exhausted due to the loss of the support / move that brought us to our high on a weekly / monthly timeframe. Now the most likely scenario is a weekly / monthly timeframe bear trend.
It is important to look at this chart. Price consolidated for three months and then breaks down the support zone. Price seeking for support at the previous low. So if this level holds, fine-- some retracement may come by, else more downside may be seen.
This chart carries weight. Price is within a range but centered around 200 DMA. Means, neither bulls nor bears are confident. No easy way out unless and until this range is resolved by either of the parties. Once resolved, it might have strong bearing on other indices of the world.
If this test fails then new levels may open up on the downside and the recent swing low of 2603 may be in threat.
Looks like we are heading towards 2600 range again
US Index S&P500 broke below its rising channel and went for a retest in yesterday's pullback. A weekly close below this channel may signal a correction in Equity markets all around the globe.
SPX500 Has Generated Fresh Swing Sell Signal. Expect Sell-Off of Last Week To Resume and test of Last Weeks Low
200 DMA will decide the future course of this very important index.