S&P 500

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SPX the coming days

SPX the coming days

SPX has finally hit my 2397 resistance and precious price action suggested that whenever price retest previous highs, the price with go sideways for a few days. Since we are in midweek, I expect the price to be sideways till Friday. Although there would be the FOMC meeting minutes coming out tonight, I do not…

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Tracking the latest SPX movements

Tracking the latest SPX movements

On November 21st I commented about the potential movements of the S&P 500 and it took scenario 1 with a bull candle and went higher. It has broken all my #WAWS resistance lines and traded higher. Yesterday we saw some selling pressure coming into the S&P 500. The question now is that, is this the top…

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Where is the SPX heading

Where is the SPX heading

The SPX is once again trading at the fence between a strong SPX and weak SPX. Here are the scenarios which I expect the market to play out. If we see strong buying depicted on scenario 1 where a big bull candle appear, the market would see bulls coming into the SPX and the direction…

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Voting begins…

Voting begins…

The voting begins… I am taking a rest from trading to sit out the volatility. SPX is moved up according to plan as posted on November 4th and stopped at the blue box. Now to see if any trigger would happen for the move down. Click here for the posting. Whose gonna win? Would the…

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SPX levels heading into elections

SPX levels heading into elections

The 2111 remains a critical level for price to react to. On November 4th, I mentioned to look for price trading back up to 2111 and if it has more momentum, to WAWS box of 2121 – 2140. This view haven’t changed. With the FBI clearing Hillary of all wrong doings, traders finally have a…

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