S&P500 $2640 not broken. Still bullish. Sentiment Monday decidesS&P500 $2640 is not broken last week. I am Still bullish. The Sentiment next Monday on the market decides if it is the right time to go long again!
S&P500 is in horizontal pattern now and I expect this to continue during March and partly April. Maybe the end of April / March a new cycle will start and I expect it to climb further to $3000 dollar! ofcourese we will have some turbulence till we reach that. Another possibility is that it will break the lower resistances and an short cycle starts! than we will have huge shorts an retracemets to $2100 probably! but this can also take some time and happen in more far future. When we decide to go long next week and when we open a long trade, the exact positions of where to open, to close and the stop loss position is very important to be successful with trading!
S&P500 is in 3 monthly cycle now. I expect this to become an horizontal chart till the end of March. April / May I expect a new hugh climb will start. OR when an invert cycle starts, when lower resistances are broken, a huge short will appear. In my opinion S&P500 is very overbought. One day it will collapse to $2100 area. That will be the retracement to the previous horizontal pattern. Till that time we are bullish!
My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility , we lost two trades S&P500 and also two trades Oil. The won positions a few days before were at a steady market. Trade on technical-chart analysis! not on news and volatility!
Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts.
- and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders!
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market!
And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment!
Most of the times the sentiment changes on Monday!
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Sp500long
S&P500 is in 3 monthly cycle now. April/May I expect start climbS&P500 is in 3 monthly cycle now. I expect this to become an horizontal chart till the end of March. April / May I expect a new hugh climb will start. OR when an invert cycle starts, when lower resistances are broken, a huge short will appear. In my opinion S&P500 is very overbought. One day it will collapse to $2100 area. That will be the retracement to the previous horizontal pattern. Till that time we are bullish!
My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility, we lost two trades S&P500 and also two trades Oil. The won positions a few days before were at a steady market. Trade on technical-chart analysis! not on news and volatility!
Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts.
- and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders!
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market!
And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment!
Most of the times the sentiment changes on Monday!
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
E-mini S&P500 in phase of Long Correction!Hello Traders!
Accurately suppose, that the "Flat" model and Bull's "Cumulation Balance", will be on E-mini S&P500 the whole 2018 year.
Near month, Bulls can retest 2850.00 - 2900.00.
Powerful Traders decisively, will take a long position for 2800.00 - 2900.00;
"Short term target": 2800.00 - 2900.00.
"Middle term targets": 3100.00 - 3200.00;
"Long term targets": 3400.00 - 3500.00.
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TQQQ - A personal favorite ETFTQQQ is 3x leveraged, and tracks 100 of the largest non-financial companies. It has quickly become on of my personal favorite ETFs with its performance, and the January effect is fueling the fire. It is important to note that TQQQ is reset daily, so it may not be a great long-term hold, despite its apparent performance.
RSI is showing overbought - but as long as new money is flowing into the market, it is okay to be overbought. If you already have a position, hold on a little longer. Historically, RSI bearish divergence has been effective in corrections in TQQQ.
SPY -long ideaTrend is indeed in favor of SPY -now some may suggest that we need to chart Futures but to be honest it won't make a difference in this case.
No point of taking a long position until either 235 is re-tested or 237 for a scalp.
I'd wait until 235.22 test though. It could also come down all the way to test upper channel line, slim chance but possible.
Although I feel like -if it tests 235.22 it might very well trade sideways for a while.
Like always trade accordingly.
S&P500 (ES) - GLOBAL FORECAST on 2017y.We suggest two variants:
1) if Extension in 3-d wave - short term correction & uptrend! (Inval.lev - 2077.00)
2) if LDT - Correction & uptrend! (Inval.lev - 1810.00)
Excuse us! ) We are so lazy to write some more!!! ))
Sure the Real Pro Trader, should be Laconic & Concrete...)))
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S&P 500 Index @ 1h Chart @ incl. XLF & XLE since Trump ElectionPerformance of the SPX, XLF & XLE - end of last month (November`16)
closed by 2034.5 SPX (round about +8,08% this Year & -1,505% year to year Nov`15 until Nov`16)
closed by 18.95 XLF (round about +18,79% this Year & 13,63% year to year Nov`15 until Nov`16)
closed by 60.16 XLE (round about +23,72% this Year & -6,752% year to year Nov`15 until Nov`16)
Both sectors had the worst performance the last years, while Obamas presidents time.
Aftermath is all clear, i also didn`t except an outbreak like this. But since this month - i am prefering to see the lows in some shares (even of both sectors) as an buying oppurtunity. Why ??? Let it me so explain ... Under president Trump i can`t imagine that our new president will make policy against both sectors - even forcing laws to shoot their expansion ambitions down. "The Occupy WallStreet Movement was aftermath the all-time high of all anti WallStreet Americans - in the review even maybe the bing gang of make american great again - from the top to the button ... even from wallstreet to every american consumer and tax payer"
How ever,
i am not an political analysis or even expert - but the chart is speaking fo itself.
From this point of views i am prefering the US Yields (Gold as hedge is useless), US Equities & even some sectors (even like Energy & Financials).
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
S&P 500: All Time HIGHS?Despite the binary expectations of analysts (if HC wins long, if DT wins short) we saw an amazing rebound followed by a green day. Apart from the unexpected price action, the MACD is also giving a buy signal. The 200DMA and 50DMA haven't crossed over, and thus I don't think this is the top. I would not be suprised if the price were to reach previous ATH or even create new ones. Still, despite the euphoric buying, I will not trade on either side the SP5000 . I will wait though for a top to form and then try to catch a good short entry. I will also NOT trade volatility and would recommend you to do so as well, unless you are very advanced.
If Clinton WinsIf 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.