Traders' Library Blog

Stocata S&P 500 Analysis: May 25, 2019.

A week ago I wrote: "Last week I wrote I was expecting some more retrace. This happened after a larger black candle on Monday next retracing up to the S1-pivot resistance of the month, also a price resistance. Turning back down on Friday the index possibly finished the wave 2 correction of a lower degree wave, starting the wave 3 down. First down target is around 2820. However if we really started a long term correction, there are a lot of lower prices to be tested. Most probably we will see a confirmed convergent move between price and the Stochastic RSI indicator with lower tops in both price and indicator. That will confirm the down move once the up correction is completed. Better be prepared! Read my updated comments for the weekly chart and monthly chart  for more information regarding the longer term view."

Last week I wrote: "Most probably we will see a confirmed convergent move between price and the Stochastic RSI indicator with lower tops in both price and indicator. That will confirm the down move once the up correction is completed." This is what happened last week. Reason why we have to believe in a further move down the coming week(s). I expected the index to go down to a first target at 2820. The low price past week came close to 2800. The index will possibly close the last gap before continuing the down move for a wave 3. Read my updated comments for the weekly chart and monthly chart  for more information regarding the longer term view.

Sylvain Vervoort   http://stocata.org/

Stocata S&P 500 Analysis: May 18, 2019.

A week ago I wrote: "There was little change two weeks ago. Just a slightly higher top but, with a bearish engulfing pattern announcing a possible top reversal. The past week the downward move was confirmed and, price went down covering the larger gap we had some 5-weeks ago. Price found support at the low side of the gap and, a classic 50% retrace over the last wave C zigzag pattern. I expect some more up retrace but, most probable a continuation of the down move after this retrace. Read my updated comments for the weekly chart and monthly chart  for more information regarding the longer term view."

Last week I wrote I was expecting some more retrace. This happened after a larger black candle on Monday next retracing up to the S1-pivot resistance of the month, also a price resistance. Turning back down on Friday the index possibly finished the wave 2 correction of a lower degree wave, starting the wave 3 down. First down target is around 2820. However if we really started a long term correction, there are a lot of lower prices to be tested. Most probably we will see a confirmed convergent move between price and the Stochastic RSI indicator with lower tops in both price and indicator. That will confirm the down move once the up correction is completed. Better be prepared! Read my updated comments for the weekly chart and monthly chart  for more information regarding the longer term view.

Sylvain Vervoort  http://stocata.org/

No trading experience? No worries…

 

Ely Hydes’ father took him to every baseball park in the Major Leagues. Ely and his father loved baseball.

 

Ely took his glove to every game hoping to catch a fly ball. He took it to every game for decades.

 

He kept taking his glove because you never know. Every baseball fan lives to catch a fly ball. For a kid, it can be a dream come true.

 

But no ball was ever hit to him. No ball ever landed in his mitt.

 

Until Thursday…

 

Future Hall of Famer Albert Pujols jacked a solo home run in Comerica Park and Ely caught it.

 

But this was not just a solo home run, it was a historic home run. It was Pujol’s 2000 RBI making him only the third person in history to reach this milestone. He had done something that Babe Ruth, Ted Williams, and Mickey Mantle had not done.

 

So the overlords of baseball wanted to have Ely give them back the ball so they could put it in the Hall of Fame in Cooperstown. But Ely wouldn’t give it to them.

 

He had waited his whole life, with his glove on his hand, to catch a fly ball at a major league ball park. And now he had.

 

It was a dream for Ely and his dad.

 

So the baseball overlords offered his an autographed ball by Pujols. But he turned it down.

 

Then they offered him meetings with Pujols, jerseys, and even Miguel Cabrera memorabilia.

 

But he turned them all down.

 

Because he had caught a fly ball in a major league ball park. It was his dream. It was a dream he and his dad shared. So he is keeping the ball.

 

How many of us have our dreams come true?

 

A key way to have your dreams come true is to create an income that allows you to pursue your dreams without any interruption.

 

I am fortunate to live my dreams and I couldn’t have done it without trading.

 

A great way to start living your dreams is to come to either our Stock Financial Freedom System or the Option Success School. These are amazing 2 day live seminars.

 

Click here  to claim a full pay scholarship to Stock Financial Freedom System or both Options Success School!

 

They are coming up in Los Angeles, Las Vegas, and Orlando.

 

See you there!

 

Good trading,

Courtney

Stocata S&P 500 Analysis: May 11, 2019.

Two weeks ago I wrote: "The smaller gap two weeks ago is closed. The larger gap of about 4 weeks ago is still open. The index is making a longer term double top. Price is still within and touching the top side of the rising wedge pattern. There is resistance from the R2-pivot of the current month and we are at the upper side of the volatility channel. Higher tops in price with lower tops in the SRSI indicator form a negative divergence. Most logical to expect now is, a downward reaction, in first instance breaking the low side of the wedge pattern. Read my updated comments for the weekly chart and monthly chart  for more information regarding the longer term view."

There was little change two weeks ago. Just a slightly higher top but, with a bearish engulfing pattern announcing a possible top reversal. The past week the downward move was confirmed and, price went down covering the larger gap we had some 5-weeks ago. Price found support at the low side of the gap and, a classic 50% retrace over the last wave C zigzag pattern. I expect some more up retrace but, most probable a continuation of the down move after this retrace. Read my updated comments for the weekly chart and monthly chart  for more information regarding the longer term view.

Sylvain Vervoort   http://stocata.org/

Is This The Crash Of 2019? Urgent Message!

The Dow dropped over 400 points. It this the beginning of the Crash of 2019?

 

No!

 

Here are two important reasons why not.

 

There has never been a crash in a bull market ever. In history.

 

Let me repeat: there has never been a crash in a bull market in history.

 

Crashes occur at the END of bear markets! Crashes are the final capitulation of the bulls when they finally give up and sell.

 

The second critical reason is that ll crashes have been preceded by a flat or negative yield curve ONE YEAR IN ADVANCE!

 

We recently saw the difference between short and long term interest rates get to a negative yield curve. That means there will be a crash in about a year but not now.

 

In other words, there are no preconditions that would lead to a crash right now.

 

Nonetheless, I have created a precise road map about what is going to happen in the next 30 days. I also will be updating that road map every week.

 

Most importantly, I have specific actionable trade recommendations that I think will make massive profits in this sharp downtrend.

 

I am putting this all in my weekly video newsletter, Wall Street Winners. Click here to learn more.

 

I wrote the #1 stock newsletter for five years but then shut it down. I’m back with a new killer newsletter designed to create massive profits in the stock and options market.

 

You can’t afford to NOT subscribe!

 

Click here to learn more about this exciting opportunity!

 

Thanks,

 

Good trading,

Courtney Smith

 

 

Wealthbuilder LLC

888.464.8666