If you have seen my previous post , where i have analysed S&P500. The price broke the trend line and heading towards the previous lows Now lets see what price can do next, as you can see from the above image that price is approaching major support zone we might see price reversing a bit […]
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Its been a long time market is just trading higher, I am not sure how long it can sustain such movement I am being cautious exiting all my long positions here.
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Let’s wait and see if we can get into some intraday shorting opportunities
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Few areas where we can have long opportunities Fundamentally as more and more people are getting vaccinated in the US this might be a good sign for the stock market to rise We see 44.6% people got vaccinated in the US Technically – We have to wait for the price to start showing bullish indication […]
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As price is not trending higher more and more people are talking about correction or drop. Let’s clear some air and see if we have any technical edge at the moment As we see price is still respecting 20 Day moving average on a daily which is a key indicator for traders to predict the […]
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Looks like we will see some correction soon Bulls are getting weak at this level, me might see some upward move before sellers start to get active Look at two short scenarios Another scenario I am keener on taking risk entry at the first scenario by using divergence at 1 hr time frame Join the […]
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The S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 9.9 trillion indexed or benchmarked to the index, with indexed assets comprising approximately USD 3.4 trillion of this total Have a look at the possible Elliot wave count for S&P 500 at 10 Year chart – looks like more correction ahead […]
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Have a look at the some of the world major indices and compare it with some growing economies like India and Philippines Most of them are trading on their all time high levels and desperately pushing up , However if you see the strength of the move is lacking , We see small bullish candles […]
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