Spot the Bear. Weekly chart analysis of S&P500

[romik]

Last time round there was a couple of months upside towards the MA on monthly, touch and collapse.

 

[Spectre2007]

your chart analog is good, thanx for sharing..

 

[romik]

Thanks for that...interesting. This seems to mimic a break-out system...which usually have a good win percentage,...but not so hot profit amount.
Where do you close ? At the next bar with a different color ?
Or do you have a profit target based on the range of the 3 soldier bars ?

Even though week didn't close negative, the downside was substantial to profit, not from option play of course.

 

[romik]

We spot bear good

 

[Buy1Sell2]

No bear in sight. Will carry on buying dips on 240m chart that register oversold on RSI with stops below the low on current oscillation.

excellent! at the time you posted this, it was brilliant analysis.

 

[Buy1Sell2]

i think there will be a big bounce next week before more downside

expecting a bounce to 1980/2000 on s&p and up to 5000 on the nasdaq

no

 

[romik]

excellent! at the time you posted this, it was brilliant analysis.

Cheers!

 

[romik]

Updated charts

 

[romik]

 

[romik]