S&P 500 - 3920+ still awaits
Hello traders & analysts,
Hello analysts and traders.
Price touched the trendline on the 4hour chart.
SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high
not the risk off mode were related to profit taking in order to generate further longs [price engineering]. The buys are still on!
Where did price fall to?
Key trendline creating a lower high.
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing .
We are currently long but await the next buy from a daily low.
Key:
4 hour = grey channel trendlines
Green zone - daily, weekly targets
Grey zone - 4 hour supply
Blue zone - pivotal point where market will engineer a price low to.
Our preview before the trade took place:
See the wider picture:
See the outlook:
- we can see here that the price reversed directly between the previous extension zone to create a new inflow first touch to close out the imbalance between the buyers and sellers.
Shorts were closed and further longs were taken to bolster investments or if investing in a long term portfolio, a further contribution added upon the compounding value.
Four sectors returned a higher value than the S&P500 close in 2020 adding optimism within adding inflows into the market to 2021 - beyond.
With all other major indexes and rapid new industries taking off - what we will be able to see?
outperforming in 2020:
Tech,
consumer discretionary,
telecommunications,
material sectors
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
Hello analysts and traders.
Price touched the trendline on the 4hour chart.
SPX500 needed to created a descending channel after the high to engineer some liquidity for continuation of long positions from the all time high
not the risk off mode were related to profit taking in order to generate further longs [price engineering]. The buys are still on!
Where did price fall to?
Key trendline creating a lower high.
Why is this important?
Look left - the white candle shows an imbalance on the previous bullish engulfing .
We are currently long but await the next buy from a daily low.
Key:
4 hour = grey channel trendlines
Green zone - daily, weekly targets
Grey zone - 4 hour supply
Blue zone - pivotal point where market will engineer a price low to.
Our preview before the trade took place:
See the wider picture:
See the outlook:
- we can see here that the price reversed directly between the previous extension zone to create a new inflow first touch to close out the imbalance between the buyers and sellers.
Shorts were closed and further longs were taken to bolster investments or if investing in a long term portfolio, a further contribution added upon the compounding value.
Four sectors returned a higher value than the S&P500 close in 2020 adding optimism within adding inflows into the market to 2021 - beyond.
With all other major indexes and rapid new industries taking off - what we will be able to see?
outperforming in 2020:
Tech,
consumer discretionary,
telecommunications,
material sectors
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
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