The tail of two indexes_S&P 500_Nasdaq_Can we get long yet?


Side by side you'll see the daily chart of the two most liquid markets in the world. The S&P500 and the Nasdaq.
With these charts I'd like to say Thank You for those of you who helped me realize my true trading edge is with these indexes. My win/loss ratio has improved greatly and I'm able to handle my trading plan with discipline.

Its safe to say market conditions are pretty lackluster in both Indexes and USD, but nonetheless, the S&P 500 is what I've spent a majority of my life studying. S&P holds my best trading edge. So forgive me followers for giving up on forex markets but I think the trade qualities validate my decision.

Is below its major level 2708 marked by two very solid levels of Fibonacci confluence . The thicker EMA's show need for caution as the market is still in a state of indecision attempting to find the path of least resistance. RSI is struggling around the 50 level.

is above its major level of 6560. Whats interesting is how this index has found a major level of confluence at a different Fibonacci sequence than the S&P . In fact the whole bottoming process has been much stronger for the Nasdaq. The thicker EMA are strongly pushing toward the bullish path being the path of least resistance. RSI gives no hints either, struggling around the 50 level.

Here's what we're gonna do.
By the end of this week it will be obvious if this bottom is here to stay or if we are due to test the lows again. Any positions should be carefully considered as a direction has NOT been defined. Trades will be considered on a day to day basis and should be smaller position size given the market uncertainty. Longs preferred depending on S&P's reaction to its major level.

If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!

首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 價格 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表解決方案 尋求幫助 功能請求 部落格 & 新聞 常見問題 維基 推特
概述 個人資料設定 賬戶和賬單 尋求幫助 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出