S&P Analysis Week of 9/13 - Neutral Bearish
I like to keep my analysis as simple as possible and call out high probability trades, even if they do not develop for days or weeks. This helps with taking emotion and FOMO out of trades in the stock market.
My preferred would be short trade with a breakdown of support at 3335, and retest and resumption down (lower low).
The long trade would be a break above 3500, a retest and resumption up (higher high). My bias is that this is unlikely as of today. However I will take this long trade if it develops. The stock market is unpredictable.
The price in between these two price areas are risky and I would consider that no man's land.
My method uses areas of support, resistance and trend lines. Simple and easy to follow which result in high-probability trades. I try to use minimum indicators and avoid complicated signals or patterns (i.e. Elliot Wave Theory). KISS (keep it simple silly) method.
My preferred would be short trade with a breakdown of support at 3335, and retest and resumption down (lower low).
The long trade would be a break above 3500, a retest and resumption up (higher high). My bias is that this is unlikely as of today. However I will take this long trade if it develops. The stock market is unpredictable.
The price in between these two price areas are risky and I would consider that no man's land.
My method uses areas of support, resistance and trend lines. Simple and easy to follow which result in high-probability trades. I try to use minimum indicators and avoid complicated signals or patterns (i.e. Elliot Wave Theory). KISS (keep it simple silly) method.
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