2018-11-14 USO long trading setup developing at 61% Fibonacci Retracement

 
The strong sell-off of USO (the light sweet crude oil ETF) has reached the important 61% Fibonacci retracement, which coincides nicely with an earlier support/resistance line at 11.65. At the same time, the RSILaguerreTime indicator generates a perfect entry signal in the daily D-chart (left), with fractal energy (red) completely exhausted and the RSI-Laguerre line (green) maxing out the oversold situation. For a trade entry long, trigger signals from the 4h-Chart (right) are needed, showing a moving average cross-over and break of symmetry of the downtrend.

2018-11-14 SPX - S&P 500 at important support zone - top or flop?

After sell-off and short recovery rally, the S&P 500 is now testing two important symmetry support zones in the range 2690 - 2720. If they hold, bulls might be back for a happy Christmas Rally.

2018-11-08 GLD - GOLD in daily Squeeze, waiting for breakout

2018-10-29 SPX - S&P 500 stopped precisely at 2620 support zone

2018-08-09 SPX - S&P 500 sensing resistance close the the all-time-high 2872.87

2018-08-07 AAPL - Apple approaching 261% Fib - extension target at 211

2017-08-30 DAX (Germany) and CAC 40 (France) with failed breakouts (from KimbleChartingSolutions.com)

Here's an interesting chart from KimbleChartingSolutions.com. He thinks that the current weakness in the European markets could have a Domino effect on the markets in the US. I agree, at the momentary situation of the US Markets this could be the straw to tip the scale ...

 

2017-08-24 RUT - Russell 2000 the most bearish of the indices, targets 1350 and 1320

2017-08-24 NDX - Nasdaq correcting, squeezed into horizontal triangle

2017-08-24 SPX - S&P 500 correction squeezed into falling triangle

2017-08-15 RUT - Russell 2000 with more upside potential

2017-08-15 NDX - Nasdaq at decision point 5900