S&P500

US 500 rectangle break out of 2785 will result in target of 3100 to 3200.. US500 is in a range between 2711 and 2973.. A close of US500 above 2985 on daily basis will result in confirmation of break out on the upside..

US 500 can see targets of 3000 ,3200 is possible.. Always keep stop loss of 1% if trade go against you

Looks like this can break 3000 resistance by Wednesday/Thursday

current chart





H&S FORMING

S&P could be about to turn bearish.

Hey Folks,

I hope you're all well and safe....

Just putting some ideas out there; I'm (as you ALL well know!) am a novice, but doesn't the S&P chart below look like:

1. is developing (or has developed) a Rising Wedge?
2. is that an island reversal? (I'm using free tools - so not sure about the rising volume).
3. (no, that's not a bear flag - at least I'd better not ruin 1&2 with assertion 3)





stay safe people!

(and looking forward to another crazy week! )

Going to take a short at 2744 or thereabouts - strictly an intra day trade - if it gets there.

This is EXTREMELY RISKY - please do your own research.