maxaus

maxaus Updated 

This is what I've been telling to some folks when we reached upper edge of the flag on daily. Precise charting and tight SL are your friends. I've told everyone that this was a massive bull trap when price reached 4100 and then returned to 4080. Others were saying that is just the gap covering up to 4220. All in all, I believe that this will be our last...

maxaus

Hi All, current uptreding nearing its climax with reversal set to start at around 3420-ish area. Be ready to test 3060-70 level.

maxaus

Too early to short the market especially before Fed cut and face to face meeting in China and no spending limit for US Government. Talks are resuming, Fed will most likely cut by 50pts. No chance for bears in spite of technical signals. Trump is using all his power in influence to prop this market into the super bubble. He needs it to win 2020 election, so prepare...

maxaus Updated 

Feds are now started talking about 50pts cut at the end of July. If this is the case expect total melt up pass 3041 to 3087 level following vast sell off. The reason for the following sell off will be public doubt about Feds policy and that the economic situation is far worse, hence Feds late to the party and trying to catch up with 50 basis pts cut. As per my...

maxaus

Got rejected multiple times at going up. Let's see if we gonna have some sort of support at ascending channel line at around 27050. Easy 100pts to make. Tight stops as always. If we break the channel line, we should see some major sell off until about 26000.

maxaus Updated 

We've broken ascending flag downwards (which I was expecting in my previous post). Retested lower flag border and went downhill. Temporary bounce right now from 382 fib on low volume, expecting full swing down to test and confirm 50 fib @2964 when volume picks up in US morning. Currently, i'm definitely short until 2964. Stay smart, tight stops if you are...

maxaus

SPX500 has formed what it looks like a bullish flag. All bullish flags tend to break out downward. Ultimate target 3041. Get your funds ready for BIG SHORT. Trade wise.

maxaus

Seems like we are in for another bull run before Fed meeting. LONG @ 26780, SL 26750, TP 26850.

maxaus Updated 

SPX500 confirmed resistance off lower ascending channel line during Asian session. Looking to go long from 2981, TP 3045. SL 2974.

maxaus Updated 

SPX500 confirmed interim level of 3000 as a resistance by touching it three times. Should retrace a little before resuming the uptrend. SL @3005, TP1 2988, TP2 2980 Watch out for NFP data today. Tight stops. Good luck.

maxaus

Will be testing bottom of the ascending channel either today or early tomorrow in order to be super bullish in time for 4th of July. Short until 2935. Catching bounce back from support.

maxaus Updated 

On the hourly SPX500 formed another pendant. Good news from G20 today - UP. No news or negative news - DOWN. Most likely we're going to breakout UP.

maxaus Updated 

Entered LONG at 26600 and futures gapped up. TP1-26675, TP2-26790. I plan to reverse my positions probably 1 hour before extended close today. To be ready for BIG SHORT on Monday.

maxaus

It is getting more and more obvious that Trump's Government have used trade war as a leverage to propel markets to ATH or higher (SPX) to this point. However, it looks like "all masks will come off at midnight" i.e. Sunday before futures open to reveal that it all was a big disguise. Trump's approval ratings going into election year are at record low. One thing...

maxaus Updated 

Observed limited bounce on SPX from its 236 fib. I'm taking LONG position once again after yesterday's profitable day and handsome 130+ pip profit. We're getting closer and closer to decision date. Where market has to decide it's direction, UP or DOWN. Right now upside is limited by ATH @ 26950, so unless we pump hard on some definitive news from Munchin we're set...

maxaus Updated 

US30 bounced back nicely this morning and manged to stay above 382 Fib. I've entered long at 26550. Trading carefully with a SL at 26500. Ultimate TP1: 26680, TP2: 26950. -=Never give up=-

maxaus Updated 

Some soft of consolidation is required before moving higher up. SPX lost momentum yesterday, was pulled back. We are still seeing bulling movement which might climax on Friday late afternoon (before G20). If G20 summit opens a door for further negotiations between Trump and Xi, we shall see another ATH or at least confirm it. -=Never give up=-

maxaus Updated 

Nice bounce back from support SPX will probably dive a little further. As from my other post, I anticipate LONG at 26640-660 with stops at 26600. TP - ATH confirmation at 26900. -=Never give up=-