Colleagues, I will keep a journal on simple technical analysis here and constantly update the charts of the main tools, if you have any questions, ask. All of these are not investment recommendations. These are my thoughts and ideas based on 20 years of trading experience on the stock exchange. Sincerely, your colleague Simple T A(Simple Technical Analysis) Here below I have published two topics and I will attach the graphs globally, this is the average. But I will also spread it on small timeframes if trading moments appear. Global THEN https://www.elitetrader.com/et/thre...nstruments-s-p500-gold-bitcoin-eurusd.369224/ Here is the ONE on smaller timeframes https://www.elitetrader.com/et/threads/s-p500-oil.369263/#post-5662427
You worked on the Singapore stock exchange for 20 years? Who was the best trader then, what did he make? Did you mean you worked on the official stock exchange, or you just privately traded at home your own account?
Your weekly ES chart it doesn't look like it is in the descending channel. Also, the up-force momentum is rather strong.
There was a breakdown of the triangle and the goal was to go to its width, the goal was almost completed. The downtrend is for clarity and until it is broken up, there will be no reversal. So far there is no reversal formation. But we will follow. If interested, I will publish smaller timeframes
He started in other countries and not as a trader, but as an investor in funds, then as a trader, then he worked for offices. But he analyzed and drew TA almost from the very beginning .......
Good predictions. I expect around 3700-3800 at next Fed meeting on Sept. 20. 3600 break will depend on Fed announcement. If they raise more then expected or if the wording remains hawkish it will break like yesterday. If they raise less or the talk becomes dovish it will bounce back maybe even 300 points or more.
I will analyze and draw in more detail, but I think that the quarterly expiration is about the bottom and look for growth entry points there before the elections