SPXUSD daily guidance is cautiously bullish. Recommended ratio: 65% SPX, 35% Cash .
* US EMPLOYMENT SITUATION WATCH . If Unemployment reports higher tomorrow (which with the amount of layoffs in corporate USA these days would be reasonable), this would signal that the FOMC's monetary policy is becoming increasingly effective and they will likely go ahead with...
The Middle Gann line is of interest in this case
I propose an ascending broadening wedge to form above the middle Gann line
This is shown by the bars pattern placed
The 50MA is an area of support
The above idea can be applied to this ticker
It seems far fetched but when COVID is compared to other drops in the market, COVID outweighs them all, yet we receive...
Showed to be overbought, broke out of resistance with no overbearing candles and only baby candles, I'm expecting a drop to around the 78.60% Fibonacci level
Hi every one
chart is speaking it self!!
The double bottom pattern seems to be forming in the market,That this pattern can raise prices
Of course, we have to wait for the pattern to form.
Traders, if you like this idea or have your opinion about it, write in the comments. We will be happy
Things can change...
The markets are always changing and even with all...
This is what I'm looking at if things don't change soon there might be no coming back from this.
This post is only on the technical side of things since we all know what's happening in the world.
I can see anywhere in the range of 216 down to 198 or lower depending on what happens next.
Let's just pray we see a gold-backed USD soon.
Over the weekend it looks like the virus has gotten worse within the US. The may lead to more downside this week. We are currently in a correction zone but below $271.2 we are in recession territory or 20% down from our previous highs. I think that $286 and $281 will be hard resistance to break through to go lower. I am going to long puts on SPY but also hedging...
Hello My fellow Bears, so before I share my thoughts I want to just tell you that shorting the SP500 was not a good Idea.
Major Uptrend Longest Bullrun in History, Fed pumping liquidity , Stock Majors Buyback Excess and Trump Tweets.
And by the way the Oval Office released a note that there will be a 11 am EST an Pressmeeting - just right about the overnight...
SPY has had a few dips in the past, all however have led to the continuation of a bull run, recently price has dipped, price will most likely continue trading against the 1 fib line for some time before the next dip. Green fractal indicates continuation of this trend.
Text book elliot wave growth, text book AB correction, now only remaining the the text book C decline after the text book CB triangle. Can not find a more text book case in book texts.
Map these Elliot Wave points and combine with Fib Retracement / Fib Trend Retracement. You will find text-book hits on text-book fib levels. I cleaned all of this away for a better final movement view, which is:
A retracement towards 0.618, but fundamentals might shake things up! Down it goes nontheless.
Looking to the past, 1994-2000 Bull Market had an approx 0.618% - 0.786% Retracement, if you compare it to this current bull run that we are in, we are much due for a pull back
