Is uptrend for SP500 over

Galatia said:
Would you agree that SP500 is not able to keep in the post-pandemy uptrend anymore and this trend is a past now?
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Well, no one has a crystal ball -- and when you Think you have a crystal ball...that's when you start to lose money, rather quickly.

It's way too early to say the peak has been hit.
You have a ton of lifting support...there are plenty of trading/investing/savings apps, and commercials and advertisements for them, and a ton of people across social media touting, teaching, trading and investing.

Everyone's at home, not interested in working. Just staring at their screens like zombies watching social media and movies and news and games all day long, wanting to get rich trading/investing/dabbling in the market.
That's why the market has been going up and up, and that won't change any time soon in the immediate future.

The market, right now, has nothing to do with traditional, basic, moving averages and charts. It kind of rarely does.
You have to understand the art and science of trading, and psychology and emotions and people and wisdom and philosophy.
I know what I'm talking about...because I'm an Elite trader. Are you,
 
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deaddog said:
definition of a downtrend is lower swing highs and lower swing lows. It depends on your time frame. The daily uptrend is still valid.
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Correct. The uptrend will not have been broken unless we lose the previous low near 4350, which is also right near the 100SMA.
 
We now have on ES 2 weeks in a row which both closed down on the week (net change), traded from the week high to the week low, closed at bottom of the range and made new lows on the week.

That's not happened very many times over the last 16 years or so. I only count 10 occurences of that specific pattern. I won't bore you with the exact details, but generally, the outcome for the week ahead was fairly bullish most of the time (70 %). Meaning the main move up and a positive net change.
 
KCalhoun said:
latest drop is it's a strong 45degree steady grind down
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well , down moves do get longer in an uptrend....... it is easy to say that 4700-4900 would be touched before any bigger downmove occurs,

it is not easy to know when this current down trend will end and how we should enter and when we should enter and how the capital and stop should be managed.

direction is easy to know....... capitalising that knowledge is what makes you a master trader
 
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tomorton said:
The 20, 50 and 100EMA's remain in a bullish sequence, the 50EMA still slopes upwards, price remains above the 50EMA, the swing low of 19/08 remains unbreached with no close below.

However, the last week's range overlaps with the previous 7, so the trend has definitely stalled.

But its too soon to say its over.
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welcome you are now entering trader country

if there was paradise for a trader....it is this ...it is this
 
KCalhoun said:
The one thing that's different about the latest drop is it's a strong 45degree steady grind down compared to earlier weak sharp drops to 50SMA, which pivoted.View attachment 268152
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yep looks like a sharpish fall will happen to clean out the weak bulls and then the spike to highs to then clean out the weak bears.......

the plot never changes......only opening and closing nights do

the exact levels from which all this happens is always a mystery.....

this is what fascinates me about markets,,,,,they repeat .....and yet i do not have a clue.......poor as always
 
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For this case, simply use a straight ruler and draw the
rising trendline to determine the trend direction.

It is on an uptrend until the chart says otherwise.

If it breaks the rising trendline, it doesn't mean it is the start of the downtrend.
 
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