For Monday Sep 11, 2017 S&P 500 Above 2465.5 Go Long For Targets 2470.1, 2472.2, 2476.8, 2482.9, 2485.4, 2489.5 Below 2457.3 Go Short For Targets 2452.8, 2450.7, 2446, 2440, 2437.5, 2433.4
For Friday Sep 8, 2017 S&P 500 (SPX) Above 2469 Go Long For Targets 2473.4, 2475.3, 2479.8, 2485.5, 2487.9, 2491.8 Below 2461.2 Go Short For Targets 2456.8, 2454.9, 2450.4, 2444.7, 2442.3, 2438.4
For Thursday Sep 7, 2017 S&P 500 (SPX) Above 2469.5 Go Long For Targets 2474, 2476, 2480.6, 2486.5, 2489, 2492.9 Below 2461.5 Go Short For Targets 2457.1, 2455.1, 2450.5, 2444.6, 2442.1, 2438.1
For Wednesday Sep 6, 2017 S&P 500 (SPX) Above 2462.1 Go Long For Targets 2466.8, 2468.9, 2473.8, 2480, 2482.7, 2486.9 Below 2453.6 Go Short For Targets 2448.9, 2446.8, 2441.9, 2435.7, 2433, 2428.8
Daily Levels S&P 500 (SPX) Above 2480 Targets 2484.25, 2486.07, 2490.23, 2495.59 Below 2472.91 Targets 2468.85, 2467.03, 2462.87, 2457.51, 2455.26
Time cycle can be applied on any chart, it gives you approx zones on time axis where you can expect low or high... This is not for trade decisions, just shown Time cycles can be used if you are interested... Happy Weekend,Enjoy... :)
S&P 500 continues to grind upwards but price momentum slowing. Time to book some profits. I continue to be bullish till close below trendline support.
One can go long in the spx at cmo of 2337 for an intraday target of 2349 and beyond. I am expecting the spx to go back and make new life time highs from here on.
On daily charts 25 day ROC of SPX has entered into negative territory. Which indicates that momentum in the short term is weak which will drag SPX down. My Take - At this point it is very dangerous to carry long positions in the market as much waited correction is highly probable.
Second week of weakness for the US index. Looking as the first two lines of support coincide with the Fibonacci retracements. Do not open long positions if not in the presence of a reversing candle. If you have a short position open before watching the area in 2280 and then 2200. Good luck
The move in S&P500 has gone parabolic & has started moving in gaps in the last 4 days. Such moves generally follow with sharp market correction.
The S&P 500 index is trading in a range of 2279.12 - 2248. Looks like it can go either way.
Two big events lined up in Dec (Fed rate hike) & Jan (US election results). Huge volatility is expected going forward. With Global Equities near their ATH's, large players would like to book profits & hedge their long positions which implies negative view on global equities in the coming months. Sell on rallies is already going on for last two months. If crucial...
S&P 500 has broken trendline support on weekly chart. Monday will be crucial to know in which direction it is going..till then it is wait and watch
Previously I was considering only a bullish count in which the Wave 4 was completed but here I have analyzed an alternate count in which I have discussed the downside possibility. Which count will play out will soon become clear but if the downside plays out then we can see targets around the 1800 mark. To be more precise the expected targets are - Target 1 :...
bearish view but eye on consumer data later 2day.. any spike test upper resist line..