30min Chart
Ultimately, SPX is moving towards a price target of 2,975. The channel is clearly defined with a shallow slope that is sustainable.
Daily
Friday, November 30, 2018
SPX - Short Term Support/Resistance with 2,975 Target
SPX warmed up this week, and it is just the beginning. Minor resistance is overheard with support building at the 2,700 level.
30min Chart
Ultimately, SPX is moving towards a price target of 2,975. The channel is clearly defined with a shallow slope that is sustainable.
Daily
30min Chart
Ultimately, SPX is moving towards a price target of 2,975. The channel is clearly defined with a shallow slope that is sustainable.
Daily
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SC: I think Bitcoin is again in rebound mode.
ReplyDeleteMy exit is on new low under 4.8.
SPX i think we can see a test around the previuos high 2800 - 2810 before pull back .. and than up again around the top of september - october
Bitcoin should establish a trading range next 3k to 5k and yes a rebound is the best way to describe it. Not ready for a big move, it should consolidate with a sideways move with regular entries and exits.
DeleteSPX has some minor resistance overhead but it is relatively weak and has been tested a few times already over the last month. I show a dip on the chart but it doesn't have to. Price might just melt up like a hot knife through butter!
DeleteLoving that uvxy short oh yea
ReplyDeleteGapped over resistance!! Market has spoken!
DeleteVIX collapses!
DeleteIs this straight enough up for you guys Haha!
ReplyDeleteSCNovember 29, 2018 at 9:41 AM
"SPX meltup is underway next 2,790 tested soon little resistance there before meltup further to 2,850. Not likely to see much of a pullback Dec 2. SPX rising very sharply for a few weeks next at least based on these indicators.
We're going straight up!!"
very good SC! great!
ReplyDeleteI suppose that here around 2810 - 2820 i can sell my position. I'd like to see if market try to close gap up next days. Here is difficult to understend if market go directly at 2850 or correct some days, close gap before run up again..
i will be covering my short on uvxy today
ReplyDeleteSPX set to open with blue resistance overhead 2,815. Likely settle back to test turquoise support 2,785. Stronger pink support at 2,755.
ReplyDeleteYes, it will likely see a minor settle back, but another surge up is coming, and it's going to be even stronger!
are you ecpecting that surge to be before dec 25 or next year
DeleteComing soon. Late this week or next week at the latest.
DeleteSPX sitting on turquoise line. Run up to blue possibly.
ReplyDeleteSPX settling back a bit. It needs to consolidate gains but large upside ahead. Not even close to overbought on the daily. It will get there soon.
ReplyDeleteNew update posted!
ReplyDelete