Crude oil target printed You may recall last November 3th blog post calling for a projected target for crude oil to 38% fibo retracement at around 70USD. Well, we have almost printed that target (1USD off). It looks like we now have reached a top and that we could soon revert the trend. The following charts Read more about Update on crude oil target to 38% fibo retracement[…]
MEJT latest analysis is forecasting an historical and dramatic market crash down to 2200 SPX. Market should initially rally and continue the positive trend from Friday to complete a “second wave up”. The target is mid 2740 SPX level. Then a third wave down (1.6 times wave one) should crash the SPX down to 2200 Read more about 20% Market Crash by end of March[…]
Oh Market dont be so cold hearted – a poetical dedication to the treacherous market Poetry by a trader. A poetical dedication to the treacherous market by a passionate trader. A beautiful poetry by our forum participant “ignorant”: i was mesmerized by the pivot that pulled me to resistance but misfortune threw me back at Read more about Oh Market dont be so cold hearted[…]
Bitcoin crash projection to 3580 USD! A lot of negative focus and news around crypotocurrencies lately. It’s not only news, charts also are suggesting much lower prices. Bitcoin / USD-index (XBT) price weekly chart projection suggest a crash down to 3580, the move down could be immediate or we can expect the weekly bar no. Read more about Bitcoin crash projection to 3580 USD[…]
There is a recurring trading pattern (cycles) in most financial instruments. When it comes to the S&P500, the 32 day pattern interval cycles seems to be the predominant one. Here we try an experiment forecasting the trading pattern for Monday, January 22th: S&P500 – 32 days trading pattern SPX trading pattern for Monday, January 22th Read more about S&P500 – 32 days trading pattern[…]
This is it, market is due for significant correction – #SPX
Demark sell signals on several time frames (sequential and combo) combined with the pattern of 13 higher closing bars on both monthly and weekly chart (ATH’s) suggest that US markets are due for significant correction.
The time for buying the dips (BTD) is over… ;o
I’m expecting we close the year tomorrow printing a fresh new all time high (ATH) at or above 2700 SPX Less than 2 trading days left and I’m long from 2684 SPX with target 2700 by tomorrow. Wish you all a happy and prosperous 2018 😎
Profiting from accurate trading ideas
I hope you are all doing well and taking advantage and profiting from accurate trading ideas & gems presented on SP500daytrader forums.
In the current market low volatility and strong bullish sentiment, trading with the trend is the most reasonable and profitable way of trading. This approach can be way more profitable if we also can identify critical price level and anticipate minor corrections in order to turbocharge our profits with an active trading style.
I strongly believe that the trading ideas and comment presented in this blog and forums will make your trading great again, more profitable and enjoyable.
Here follows a typical trading idea that is still ongoing.
Live chart in this link.
The call for a minor correction was a trading analysis based on a completed TD-countdown and TD-sequential both on 1HR and 4HR chart (as shown in the chart above). It was also correctly predicted a bounce from the green trendline.
The first part of this call is completed as target below was reached and price bounced from the green trendline, as predicted correctly. The ultimate target for this call is the projected price to 2701 SPX… The projection is a TD-trendline based projection on 4HR chart.
MONTHLY SPX CHART SHOWING EXHAUSTION SIGNS Earlier sell signals on daily and weekly time frames has not triggered the expected sell signals. This should not surprise much as we have been aware of the monthly sell setup that now is coming to completion. Monthly SPX chart is showing exhastion signs. In my earlier analysis I expected Read more about MONTHLY SPX CHART SHOWING EXHAUSTION SIGNS[…]
SPX – New TD sell countdown setup completed The 15th November blog analysis titled “Hidden Bullish Divergence” has manifested as expected and now is in it’s next phase. It’ s very important for bulls to manage to close the week above 2575.21 SPX to avoid a Bearish TD Price-flip on current weekly bar. I’m bearish and think Read more about $SPX – New TD sell countdown setup completed[…]