We should expect consolidation or pullback as soon as monday/tuesday of the coming week. Non-volatile pullback is “buy the dip”. Weekly close below SPX 1400 is a heads up and is among [...]
I’ll only post a fast update with a SPX 1h chart with my best guesstimate for the short term. Volatility is getting lower, projected levels for today: 1415 – 1390. Trading suggestion: [...]
Futures has been testing recent highs over night. Levels for today: 1415 – 1388 Trading suggestion: Be careful on the long side if ~1390 is taken out. Use smaller positions if buying [...]
I have not been following the market actively today so no clue for tomorrow. Today’s target was not met, missed by ~5 points and frankly speaking, bulls had more firepower than I expected. [...]
Not much to go on but as I wrote yesterday, could expect weakness today. Trading suggestion: Aggressive traders can try to short, take profit at the colored box (set stop/loss according to [...]
Mostly for fun only since it is close to impossible to “predict” future price action. However, based on recent pattern this is what we could expect over the next ~5-7 days. Below SPX [...]
SPY volume was quite low today. On top of that, SPY ended the day with a candlestick that reminds of a grave stone doji. I can not exclude that we are at or close to a short term market top [...]
First SPX weekly chart, reminds of DAX so no surprise there. Mid term trend is up. Heads up if we close the week below ~1360 since it is the first sign of a trend reversal. And daily SPX chart, [...]
Very strong day today. Not sure yet about next monday, guessing on a +-0 or a smaller pullback right now. However, there is more on the upside unless there is some unexpected bad news over the [...]
