SP 500 chart analysis ;1) Print this chart, stick it on your wall
2) Price is now getting too far away from its 50 days exp MA
3) Light green arrow = spike up, then sudden reversal (medium probability)
4) Red arrow scenario = high probability
6) Both scenarios do confirm an uptrend, expect higher volatility, if you are a long term investor, just stay in and enjoy the wild ride, if you are a trader ; buy on the dip should be on your mind.
7) Oil and Tech stocks are way overbought, pull back will be harder from these two sectors.
4 comments:
This is a place for great inspiration, your blog is really interesting..thanks for that post it was really really awesome…:)
Thanks :)
Options expiration next week can be the trigger
In the red escenario which target can be hit in SP500 in your opinion? I expect 1220!
Thanks for your blog
PD. Mine is www.originaltrader.blogspot.com
I am starting on trading and didn't know where to look for top markets to invest. Thanks for sharing.
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