Hi rob,
I think the spx will drop to 700, (another 20%), in the short term. The rectangle continuation pattern shows a 150 point drop is due once the MACD line crosses down through it's signal.
The rising ADX shows that the downtrend is strengthening, (also a signal to go short),
"Go short when -DI is above +DI and ADX rises while -DI and ADX are above +DI;"
Link
Regards
- Forums
- ASX - By Stock
- sp500
Hi rob,I think the spx will drop to 700, (another 20%), in the...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DJIA (INDEXDJX) to my watchlist
(20min delay)
|
|||||
Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a |
Open | High | Low |
26,683 | 0.00 | 0.00 |
Featured News
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
BOE
Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
NEWS
Is oil undervalued?