Positional Analysis of S&P 500 9-Apr-2015
CMP 2070.25
This is my first time analysis of S&P 500. Let us see how this progresses.
Based on my Monthly, Weekly, Daily TFs, I expect down move towards 2038/33, 2000, 1970 as long as 2108/2118 resists.
As per my view, Wave 3 completed at 2088.50 and started complex Wave 4 Correction, which made new high at 2117.25 after making a low 1970.
TRADE IDEA: FAILED. But Still my primary view is on the downside as long as 2108/2118 resists.
CMP 2073.50
Stop Loss: 2083
As long as 2083 resists, I expect to see 2065, 2060.5, 2057.5, 2053.
Stop Loss: 2083
Now I am just watching, will update my latest view, after confirmation of the next move.
ALTERNATE SCENARIO 10-Apr-2015
Now, this view is my primary view and the previous analysis is secondary.
As per this view, I expect to see 2114, 2138, 2160. This is where I expect the up move to end and from there, I expect a big correction.
Any News going to come?
Let us wait and watch.
TRADE AT YOUR RISK.
CMP 2070.25
This is my first time analysis of S&P 500. Let us see how this progresses.
Based on my Monthly, Weekly, Daily TFs, I expect down move towards 2038/33, 2000, 1970 as long as 2108/2118 resists.
As per my view, Wave 3 completed at 2088.50 and started complex Wave 4 Correction, which made new high at 2117.25 after making a low 1970.
TRADE IDEA: FAILED. But Still my primary view is on the downside as long as 2108/2118 resists.
CMP 2073.50
Stop Loss: 2083
As long as 2083 resists, I expect to see 2065, 2060.5, 2057.5, 2053.
Stop Loss: 2083
Now I am just watching, will update my latest view, after confirmation of the next move.
ALTERNATE SCENARIO 10-Apr-2015
Now, this view is my primary view and the previous analysis is secondary.
As per this view, I expect to see 2114, 2138, 2160. This is where I expect the up move to end and from there, I expect a big correction.
Any News going to come?
Let us wait and watch.
TRADE AT YOUR RISK.
