SPX500USD
has had 3 big gap days to finish the week really strong. Could we see the bigger pattern play out towards the 61.8% level from the ATH? or even 4400..
There are a lot of resistance areas to come before that level so ideal scenario is to wait until we get a tradable retracement to buy.
There could also be a deeper correction before higher prices as we are coming into some smaller pattern completions.
I will post these smaller TF charts below.
Plenty of data this week to move things around finishing with NFP on Friday.
Enjoy the week.. Can this rally continue.
Comment:
We are up in target area. Now looking for a correction towards 4065-4080. Before the next move higher. it could still get to 4138 before that correction happens nothing clear yet.
We are up in target area. Now looking for a correction towards 4065-4080. Before the next move higher. it could still get to 4138 before that correction happens nothing clear yet.
Comment:
After hitting the area we were looking for now we are watching how this retracement unfolds. There is still a chance for there to be one more high to 4180. That will unfold over the next few days. cash market is closed tomorrow for Good Friday but we still have NFPs so that will be interesting with a thin market and no FED.. 🤔🤔
4100 is the key as if this becomes support then we will head higher.
After hitting the area we were looking for now we are watching how this retracement unfolds. There is still a chance for there to be one more high to 4180. That will unfold over the next few days. cash market is closed tomorrow for Good Friday but we still have NFPs so that will be interesting with a thin market and no FED.. 🤔🤔
4100 is the key as if this becomes support then we will head higher.
Comment:
Still in the area of uncertainty but Tuesday might hold the Key to the week.
Still in the area of uncertainty but Tuesday might hold the Key to the week.
Comment:
After 3 up weeks on lower volume followed by a low volume slow week. We could be in for a correction this week.
After 3 up weeks on lower volume followed by a low volume slow week. We could be in for a correction this week.
Comment:
I was expecting more downside from CPI data and correction but once again it rallied and is a little hard to understand right now. A possible move to 4165 to complete the upside pattern. But Friday in a up trend is generally Bullish. A big session ahead. We also have the start of earnings season with WFC, JPM, C & Blackrock reporting before the market opens. More volatility in the coming weeks.
I was expecting more downside from CPI data and correction but once again it rallied and is a little hard to understand right now. A possible move to 4165 to complete the upside pattern. But Friday in a up trend is generally Bullish. A big session ahead. We also have the start of earnings season with WFC, JPM, C & Blackrock reporting before the market opens. More volatility in the coming weeks.
Comment:
There was a nice 135 pattern overnight at the double FIB levels from the previous 2 highs. Now we take a look at 4139 to see how it reacts for the smaller pattern.
After the 135 completed it finished the ABCD down pattern from the April 18 high.
If it starts breaking above 4150 again then we could be looking higher and back above 4200. Friday normally being a bullish day but we are still below Thursdays high so that can bring in the bearish Thursday/Friday Pattern. Big day ahead.
There was a nice 135 pattern overnight at the double FIB levels from the previous 2 highs. Now we take a look at 4139 to see how it reacts for the smaller pattern.
After the 135 completed it finished the ABCD down pattern from the April 18 high.
If it starts breaking above 4150 again then we could be looking higher and back above 4200. Friday normally being a bullish day but we are still below Thursdays high so that can bring in the bearish Thursday/Friday Pattern. Big day ahead.
Comment:
Monday Morning Shorter TF bullish opportunity because if we start getting below 4120 and taking out Fridays lows then there could be a lot more downside.
Enjoy the Day.
Monday Morning Shorter TF bullish opportunity because if we start getting below 4120 and taking out Fridays lows then there could be a lot more downside.
Enjoy the Day.
Comment:
After completing the month long correction on Wednesday then rallying into the close on Friday, we now have a clearer picture to take advantage of.
Now we look at upside targets between 4230-4250.
This will complete the 3 Drive ABCD Pattern that started late last year.
It will be an interesting week to see which direction we take.
Shorter TFs for tighter entries.
After completing the month long correction on Wednesday then rallying into the close on Friday, we now have a clearer picture to take advantage of.
Now we look at upside targets between 4230-4250.
This will complete the 3 Drive ABCD Pattern that started late last year.
It will be an interesting week to see which direction we take.
Shorter TFs for tighter entries.
Comment:
Shorter term target areas to watch for a top to come in.
Shorter term target areas to watch for a top to come in.
Comment:
We got that move up into the 4180-4185 area overnight with a nice ABCD pattern at the top.
Today there has been a rally back to the 382 and now looking to sell off more.
Now we look at what sort of correction we get from it. A move down to 4135 is the first level, but as low as the 61.8% level around 4100 is where the Bulls have to hold it for it to continue higher.
Another interesting day ahead.
We got that move up into the 4180-4185 area overnight with a nice ABCD pattern at the top.
Today there has been a rally back to the 382 and now looking to sell off more.
Now we look at what sort of correction we get from it. A move down to 4135 is the first level, but as low as the 61.8% level around 4100 is where the Bulls have to hold it for it to continue higher.
Another interesting day ahead.
Comment:
After yesterdays sell off that broke down just through the lower level of 4100 we now wait to see where we go from here. There are both bullish and bearish options on the table. These will be resolved tonight when Mr Powell does his thing and the market reacts. Best way to play it is to see what happens then go from there. Either way there will be opportunities to get into.
Enjoy the day.
After yesterdays sell off that broke down just through the lower level of 4100 we now wait to see where we go from here. There are both bullish and bearish options on the table. These will be resolved tonight when Mr Powell does his thing and the market reacts. Best way to play it is to see what happens then go from there. Either way there will be opportunities to get into.
Enjoy the day.
Comment:
If 4100 holds as support then we could see the upside pattern completion at the 4238 area in the longer TF.
If 4100 holds as support then we could see the upside pattern completion at the 4238 area in the longer TF.
Comment:
After all the choppy action we got a nice run to the upside to complete the ABCD Pattern just above 4200. Now with Friday being a reversal day we might see more of a correction on Monday. I will be watching to see how it forms with an ABCD into the FIB levels giving us the next opportunity to buy.
Another interesting week ahead. Enjoy the week. Updates as it goes along.
After all the choppy action we got a nice run to the upside to complete the ABCD Pattern just above 4200. Now with Friday being a reversal day we might see more of a correction on Monday. I will be watching to see how it forms with an ABCD into the FIB levels giving us the next opportunity to buy.
Another interesting week ahead. Enjoy the week. Updates as it goes along.
Comment:
Also on the longer term a chance of a deeper correction before the next move higher. Monday will set the tone.
Also on the longer term a chance of a deeper correction before the next move higher. Monday will set the tone.
Comment:
After getting just shy of the 4300 level with a nice ABCD 3 drive pattern we can now watch to see how this retracement plays out and where we could be headed next. 382 would bring it down to 4250. If it matches the last retracement then 4230 will be the target. There is bigger downside targets but for now we need to stay bullish.
Enjoy the week. I will post updates as we go along.
After getting just shy of the 4300 level with a nice ABCD 3 drive pattern we can now watch to see how this retracement plays out and where we could be headed next. 382 would bring it down to 4250. If it matches the last retracement then 4230 will be the target. There is bigger downside targets but for now we need to stay bullish.
Enjoy the week. I will post updates as we go along.
Comment:
After a reversal out of the 4320 area on Friday we might get a correction for a few days. Ideal scenario would see a retest of the 4200 level, but if its strong then a 382 back at 4240 will hold it. Things to watch come Monday.
Markets are slightly down in weekend trading. There is also a major change in trend window later in the week to watch.
Enjoy the week.
After a reversal out of the 4320 area on Friday we might get a correction for a few days. Ideal scenario would see a retest of the 4200 level, but if its strong then a 382 back at 4240 will hold it. Things to watch come Monday.
Markets are slightly down in weekend trading. There is also a major change in trend window later in the week to watch.
Enjoy the week.
Comment:
Overnight we came within a few points of the 4400 area. This could be the top and we start a sell off. Too early to tell but if we look at the big CIT window coming tomorrow and the weekend there could be something out there to make it turn.
There are plenty of gaps lower to fill in the cash market but will it be now or at a later stage. If you see the NASDAQ chart there could be another high in that.
Time will tell. Updates coming as I see something.
Enjoy the day.
Overnight we came within a few points of the 4400 area. This could be the top and we start a sell off. Too early to tell but if we look at the big CIT window coming tomorrow and the weekend there could be something out there to make it turn.
There are plenty of gaps lower to fill in the cash market but will it be now or at a later stage. If you see the NASDAQ chart there could be another high in that.
Time will tell. Updates coming as I see something.
Enjoy the day.
Comment:
Here we are at the completion of the first Gartley and turning Friday from the 1.618% Extension area at 4443. Now the question is, Is that going to be it? Or are we going to have a small correction back to 4300 before the final push to 4500 and the 78% level from the ATH..
US Markets are closed today so we will see what happens tomorrow.
Enjoy the week. Smaller TF charts coming.
Here we are at the completion of the first Gartley and turning Friday from the 1.618% Extension area at 4443. Now the question is, Is that going to be it? Or are we going to have a small correction back to 4300 before the final push to 4500 and the 78% level from the ATH..
US Markets are closed today so we will see what happens tomorrow.
Enjoy the week. Smaller TF charts coming.
Comment:
We have had a 10 day slow correction with a rally over the last 2 days. It is now setting up for a bigger correction to ultimately get down towards that 4300 area. There is a Cash Market gap to fill around the 4410 area, this would be the ideal set up for the start of the C-D leg move to 4300.
A move down to 4350 then a rally up sets up the Sell opportunity. I will update this as it goes along and I will post the Cash Market chart as its clearer.
Enjoy the Day.
We have had a 10 day slow correction with a rally over the last 2 days. It is now setting up for a bigger correction to ultimately get down towards that 4300 area. There is a Cash Market gap to fill around the 4410 area, this would be the ideal set up for the start of the C-D leg move to 4300.
A move down to 4350 then a rally up sets up the Sell opportunity. I will update this as it goes along and I will post the Cash Market chart as its clearer.
Enjoy the Day.
Comment:
Cash Market is Clearer with the gaps that need to get filled. In the weekly cycle Thursday is a Bearish day and Friday is Bullish.
Cash Market is Clearer with the gaps that need to get filled. In the weekly cycle Thursday is a Bearish day and Friday is Bullish.
Comment:
An Intra-day look at the S&P500 today. We have double FIB levels coming up around the 4426 level.
There is also a 1am (1pm NYT) CIT window coming up. If we are at a high here then there is a chance of a sell off into the close.
Enjoy the day. I will post a longer term update tomorrow.
An Intra-day look at the S&P500 today. We have double FIB levels coming up around the 4426 level.
There is also a 1am (1pm NYT) CIT window coming up. If we are at a high here then there is a chance of a sell off into the close.
Enjoy the day. I will post a longer term update tomorrow.
Comment:
After yesterdays rally it now looks as though we are headed towards the 4500 area. There is CPI Data out shortly so this will create some volatility. Ideal set up would be a sharp drop to 4420 then a continuation to the upside target.
Enjoy the day.
After yesterdays rally it now looks as though we are headed towards the 4500 area. There is CPI Data out shortly so this will create some volatility. Ideal set up would be a sharp drop to 4420 then a continuation to the upside target.
Enjoy the day.
Comment:
After one more spike up on Friday we got to the upper extension levels of the 3 Drive pattern. Now we wait to see if this is going to be a significant top or we just get a small PB before continuing higher. 4500 is the key level to watch, below it with a retest will set up lower prices.
Enjoy the week. I will update as we go along.
After one more spike up on Friday we got to the upper extension levels of the 3 Drive pattern. Now we wait to see if this is going to be a significant top or we just get a small PB before continuing higher. 4500 is the key level to watch, below it with a retest will set up lower prices.
Enjoy the week. I will update as we go along.
Comment:
After continuous moves to the upside are we going to see a correction coming into the FED Interest rate tonight.
A rally into another high in this move could see it stop here or there could be another move to get to 4600. Either way we will get some movement tonight and then tomorrow will be a good day to assess where we go next.
Enjoy the day.
After continuous moves to the upside are we going to see a correction coming into the FED Interest rate tonight.
A rally into another high in this move could see it stop here or there could be another move to get to 4600. Either way we will get some movement tonight and then tomorrow will be a good day to assess where we go next.
Enjoy the day.
Comment:
Sorry I haven't updated for a while.
We have finally started to see a sell off from the 4600 level. I'm thinking we are at the start of a decent move lower but I will just play it as it goes instead of jumping on multi month bearish outlook. As it stands there is one more move down to 4300 before we see a decent bounce and that will be the place to get short.
On the short term Im looking for 4420-4430 followed by more selling. But if its going to be a bigger correction then a move back to 4380 before another move higher to 4450.
See how today goes and we can move with it.
Enjoy the Day.
Sorry I haven't updated for a while.
We have finally started to see a sell off from the 4600 level. I'm thinking we are at the start of a decent move lower but I will just play it as it goes instead of jumping on multi month bearish outlook. As it stands there is one more move down to 4300 before we see a decent bounce and that will be the place to get short.
On the short term Im looking for 4420-4430 followed by more selling. But if its going to be a bigger correction then a move back to 4380 before another move higher to 4450.
See how today goes and we can move with it.
Enjoy the Day.
t.me/OCEANAISIGNALS
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4hr TF looking at upcoming turn points.