Is uptrend for SP500 over

Discussion in 'Technical Analysis' started by Galatia, Sep 19, 2021.

  1. Nope, looks intact. The problem with just about everything is the FOMC. They keep propping everything up. Thus creating a high wire act. Look at that steep 70-degree upward slope.

    ES.jpg
     
    #41     Sep 20, 2021
    murray t turtle likes this.
  2. KCalhoun

    KCalhoun Sponsor

    Market's toast

    Feed the bears lol
     
    #42     Sep 20, 2021
  3. SunTrader

    SunTrader

    !SPX low.png
     
    #43     Sep 20, 2021
  4. RedDuke

    RedDuke

    FOMC has our back. ATH will follow soon.
     
    #44     Sep 20, 2021
    formikatrading likes this.
  5. By the time the crowd in this thread gets a confirmation on a trend reversal the market will probably reverse higher.
     
    #45     Sep 20, 2021
  6. KCalhoun

    KCalhoun Sponsor

    Which is why daytrading is great
     
    #46     Sep 20, 2021
    murray t turtle likes this.
  7. zghorner

    zghorner

    when in doubt, zoom out.
     
    #47     Sep 20, 2021
  8. %%
    Buy Monday may work; if in InVerse ETFs, sell\exit some. If buy Monday hasnt worked by Tues close\ try next Monday/LOL. Not a prediction not FDIC issured . Typical SEPT sell......................................................................................................
     
    #48     Sep 20, 2021
    KCalhoun likes this.
  9. It's funny, I'll watch old (2013, etc.) Tom Sosnoff (Think or Swim Guy) videos on YouTube where he's proclaiming the market can't possibly support such high levels... As always trade what you see, not what you think, and when you can trade both sides.
     
    #49     Sep 21, 2021
    tomorton likes this.
  10. Galatia

    Galatia

    Ok then this's what i see. A broken uptrend and recently establishing (not established) down trend. I expect the corections to be in the red trend, my trade strategy is short whenever tocuhes to the upper bound, reverse below middle line. If it goes up and breaks it, stop the position

    https://www.tradingview.com/x/VwyEwrBi/
     
    #50     Sep 21, 2021