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[…]
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[…]