Some charts to justify why I'm bearish

Hello traders,

I prefer the bullish side of trading as it is much easier to time market bottoms than market tops. 

We have now reached a price level where I cannot just ignore what charts are foretelling. 

I think we are inn for a second leg down of this recent correction (wave C) and that this should start today or by Monday. This could be a quick correction that ends by this month of August.

Please comment below your view and ideas...

Trade well ;o

VIX ready for take off... - #VIX chart https://t.co/RyzB9BGUUa

— SP500daytrader (@CosTes_trading) August 7, 2020

TVIX ready for take off... - #TVIXF chart https://t.co/7XGrQZEtnb

— SP500daytrader (@CosTes_trading) August 7, 2020

 Lots of MEJT targets below, waiting to be filled... lowest at 2768.30 SPX:

SPX - pattern for trading Wednesday, April 24th

Hello,
no comments or recap about the pattern for today, we have got the extreme opposite of what was expected and posted in this blog. We did better forecasting during today's trading on the traders chat-room.
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Tomorrow's pattern is the one with an early low and a late low.
From the early low we rally up to a high at around 12 / 12:30 pm. From that high we shold decline into a lower closing price.

Today, we closed the gap on daily chart from October 3th... we should see some strong resistance at this level and make a turnaround ;o
Trade well!
;o

SPX - pattern for trading Wednesday, April 24th

Hello,
no comments or recap about the pattern for today, we have got the extreme opposite of what was expected and posted in this blog. We did better forecasting during today's trading on the traders chat-room.
--------------------------------------------------------------------------------------------------
Tomorrow's pattern is the one with an early low and a late low.
From the early low we rally up to a high at around 12 / 12:30 pm. From that high we shold decline into a lower closing price.

Today, we closed the gap on daily chart from October 3th... we should see some strong resistance at this level and make a turnaround ;o
Trade well!
;o

Hidden Bearish Divergence on the #SPX, S&P500 index

Hidden Bearish Divergence

The S&P 500 has  in addition to all the recently mentioned sell signals a hidden bearish divergence on the 4 hour chart. This sell signal has high reliability status.

The 4 hour SPX chart below shows clearly a sell signal as the oscillator makes a new higher high while price makes a lower low.

TD trend-line shows also a projected price target down at 2888 SPX cash!

Happy trading ;o

Hidden Bearish Divergence on the #SPX, S&P500 index

Hidden Bearish Divergence

The S&P 500 has  in addition to all the recently mentioned sell signals a hidden bearish divergence on the 4 hour chart. This sell signal has high reliability status.

The 4 hour SPX chart below shows clearly a sell signal as the oscillator makes a new higher high while price makes a lower low.

TD trend-line shows also a projected price target down at 2888 SPX cash!

Happy trading ;o

S&P 500 prediction for trading Monday April 8th 2019

SPX trading pattern for Monday, April 8th / 2019 is expected to be the one with an early low, decline into 10:00, rally to a high at around 1PM, decline to a low at 3PM followed by a rally to closing bell at 4 PM1(14:00).

The pattern described above should be similar to the 2 following earlier trading days:

S&P 500 prediction for trading Monday April 8th 2019

SPX trading pattern for Monday, April 8th / 2019 is expected to be the one with an early low, decline into 10:00, rally to a high at around 1PM, decline to a low at 3PM followed by a rally to closing bell at 4 PM1(14:00).

The pattern described above should be similar to the 2 following earlier trading days:

Trading signals & ideas

Trading signals & ideas