Long on S&P based on pennant formation, repeatedly tested support at 233 (.236 fib), and high volume displayed at fake below support suggesting demand below 233. Intention is Long entry at retests of 233.5, with SL at 231.5 and TP at 240. Uncertainty surrounding Trump rally could well lead to a breakdown of support, particularly in response to news and/or...
Sp500 when the bearish divergence will be activate ?? i think it will be bloody soon..it start to be a real bubble i think even Trump supported the bank friday with review the Dodd-Frank law Many problem in the world... - Italian bank - Greece - Ukraine -Iran (now) - french election - many geopolitical uncertain i forget may many other topic because i write...
just a view of the VIX for remember the past risk events and where we are now
After FED statement SP-500 moved down - its just correction after high point of price. SP500 need show new maximum before big fall
We make new high. And we saw a big move down after Fed statement. Most likely we draw the fourth wave. But I think we need to make last high. We were just on top of the bigest attraction, open your eyes and catch the buzz. Because it is the end of the economic cycle.I believe it will be a long decline.
With the S&P500 making new highs on no basis and serious resistance appearing at new levels, along with STOCHRSI signaling extremely overbought and MACD begining to reverse, I would take a small short position at $2205 with a T.P. $2175
If Clinton wins expect 1-2 week rally for major indices. I expect a retracement back to the 2130-2140 zone where I will enter as short, because after the rally I expect more downwards movement to at least Brexit lows around 2010-2000. Since the lower BB is not widening, I expect a similar situation as 2014-10-13.
There is no difference Trump or Clinton. They are just dolls and the puppeteer is not visible. "Owners of money" manage market (FED owners) It is also the main sponsors of presidential elections And last the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger
Now there will be a correction. The last peak in the range 2250-2350 And the end of the economic cycle