Spx500 at 2700 on the year of 2020. Then, China's crash or WW3, something like that.
Sell the rejection of green channel.
Buy the breakout of the trendline; or Sell the breakout of channel
Center line of channel + Trenline + Hammer + ibov bearish analysis;
selling at 32.71; Targets: 28.86; 27.31; stop at 33.78;
Technical signs of a gold rally: -Support of 100d MA; -Support at 38% retracement of 2016 rally; -Support+ Hook at RSI; -Hook + crossing at stochRSI; -Harami candle pattern; These are still early signs, so one need some confirmation through some bullish candles before one consider entering long here. A entry is shown at chart.
Gold entering major correction phase on new bull market. We should expect for price get back to 1200 (12% of correction of total price) with the rising optimism on stock market and the expectancy on interest rates hike of FED, raising us dollar.
If nothing extraordinary happens , i think stocks will raise until Dec 12, the day of the next Fed meeting. Nothing spetacular, indecision about what Fed will do still remains and is the main driver of the market right now. Nov 1 has a scheduled meeting as well, but i don't think Yellen and her crew will really do something just few days before the american...
Oil seems to be entering a new bull moment; technical reasons to claim that are: - Green trendline (bound to feb 2016 low, not shown) being respected; -Divergence on RSI and Stoch RSI, shown by white trendlines; -Divergence on MACDH, shown by white curve line; - 61.8% of retracement from the most recent rally being respected twice; As the last friday (09/24) was...
After an ending diagonal that behaved like expected (sharp reversal after it), Ibov should find support at 55816. The main reason for this claim is that this support area is historically important. RSI should reach the uptrend support, and bounce up (any break of this level (33%) on daily RSI (14,close) should be interpreted as a first sign that the uptrend is...
Potential H&S; Breaking of the green trendline indicates the pattern wont form; Breaking of the red one would be entry for the set up indicated on chart (short position). Atention to the simetry between the next major support and the percentage from the head to neck line of H&S.
Projection of price and time for oil. Target at green box.
I've been wating for this correction for while, ibov has been overbought for at least 8 days. In those same last 8 days, following a trend of USA markets, ibov got caught in a range of 2%, which made trade on it very hard. But i think we are about to see a correction that will create a great opportunity to go long again. Targets are shown by the white lines (hope...
Correction at IBOV, with a estimated fall of 4.7% approximately giving a 50% retrace of previous rally.