Search results

You can if your main objective is to be right and not make money, but we all know what eventually happens to such traders. I use trend lines because they help me dictate beforehand when and where I should be buying or selling, and because I have found they increase my success of predicting price...

Care to motivate?

Anything can happen, I’m just going to keep following the price action.

Why? Bear markets have some of the strongest rallies in them.

I think we might test up to 2720 before we break down again to test the feb lows.

It could, the earnings reports will be the catalyst.

My projection for the coming weeks. Daily chart.

I have also added some longs.

Have added some longs for what I believe will be an intermediate term reversal, will hold them a few days to a week. 2700 looks like a good level for another downswing.

4HR downtrend still intact, for sure we should see some retracement here short term Interesting macd divergence, could be a tell tale for some mid term reversal. I still believe it would be healthy for the market to drop another 10-20%, but we are in earnings season and anything could happen.

Why would any successful trader see the need or even want to “compete” with such participants. It doesn’t matter, keep your head down and focus on what works for you. Also, you really need to start putting your ideas into actions to get some results you can work with. The more you keep this up...

In my opinion the technicals were and are more bearish than the fundamentals. But as usual, big news fundamentals are lagging and price action leads. Just look at a 4h chart and tell me it didn’t look bearish before the drop today. I am still holding shorts from 2780, remember it is the sitting...

Seems it the h&s held some significance at least.

Turned out pretty good.

I think a bounce back to the 200dma from here and then back down should be quite probable.

Anyone else seeeing the H&S on 1h and 4h?

That’s a head and shoulder on 1h and 4h chart right?

Up 20% on my account this week, but still holding some large losing long positions. Since I believe that equity indices always return to their high marks eventually I won't sell them and instead keep them hedged with shorts to prevent my account blowing up. Will be interesting to see if the...

Are we going to break the hourly downtrend or revisit the feb lows?

The S&P did reverse tho so there is that.