S&P500 is quite ambitious these days and has made it not only into the middle white zone between 4458 and 4509 points but also into the blue zone between 4510 and 4550 points directly above it. As matters stand, there is a 38% chance that the index could rise above the resistance at 4585 from this position. However, we rather expect S&P500 to initiate a...
No, we are not talking about the cocktail! S&P500 has been hopping up and down within the green zone between 4354 and 4253 points like a grasshopper in its grassy territory. At the moment, it is heading for the support line at 4354 points and could very well jump above it already. It could also stay in the patch of grass a little bit longer, though, and warm up...
“Excellent…”, we mutter slowly, steepling our fingertips while watching S&P500 move. In an exemplary manner, the index has finalized wave in turquoise in our turquoise target zone and is now in the middle of the countermovement we predicted. However, other than Mr. Burns from “The Simpsons”, whose trademark expression we borrow here, our next plan for the index...
Wonderful how price reacts in the world of a pitchfork trader §8-) The count (grey) 1-5 is NOT an Elliot Wave count. It's just a simple observation from the inventor of the pitchfork, Dr. Allen Andrews. At P5, price has a very high tendency to reverse the trend. In a Bear Market, it would mean a strong rebound, before continuing to the downside. Here price is...
ES1 is moving in a strong daily channel and it's near the top of that, as wave trader we think it's on the 4 wave that is corrective and may go lower to 0.50 0r 0.618 of the impulse wave. so we think must wait to complete the 4th wave and then enter the long position near the bottom of the channel and near 0.5 to 0.618 fibo support zone
Hi All, my main 3 take-outs from this analysis are the following: 1- 100 Moving Average is still working well as dynamic support and prices are bouncing from there aheading to 4,700 2- It is realistic to think that beginning of 2022 might start with a retracement still towards the support sitting at 4,550, with a movement that might bring to the formation of a...
TERMINAL 5 th wave ''Z'' under progress in S&P500 index. only one day (11/1/21) left for bulls to make a new high or to surrender the BEARS 4678 OR 4736 is the magic number to reach, failing to catch these numbers BEARS will take incharge
In this update we review the bullish cycle in the EminiS&P and identify some high probability trading opportnities
In this update we identify a high probability trade location for the current wave 4 low to complete so we can position long for the 5th wave upside extension
THE RESULT season will make some extension(not beyond 1.618 of W)in wave ''Y'' EXPECT 55 failure @ 4533 or overshoot @ 4658
ES Futures setting up for an explosive week! In light of the fed meetings last week among other international nuisances, we saw a whipsaw last week in the S&P 500 . Multiple things came to fruit though, and I believe the S&P500 is gearing up for an explosive move up. First of all, we had a break below and test of the 50day moving average, which failed to move...
The market has taken it's breadth, and we move ONWARD! Multiple Bullish signals present for the upcoming trading week. -Daily Candle closed above the 50day MA -Classic inverted H&S Pattern -Profit Target 1: set at 4528.75, this level holds confluence with resistance + prior trend line. -Profit Target 2: set at 4596.50, this is the price target of the inverted...
Good morning traders ! As you can see, in the asian session we have a bearish trend, and now we have a good signal which shows us that the market will go up. As usual I don't use TP and SL, so place them on your own.
Good morning traders ! As you can see on the chart, at the asian session the SPX500 have made a big fall, and now it's time to buy it, eventhough I posted this forecast a little bit late however the market will continue pushing up. I don't use TP and SL, which means you put them on your own.
Today there was a little movement eventhough we have made a good profit, have a nice day ! In case you want to get forecasts at the same time i get a signal text me !
Good morning traders ! As you can see ES1! still pushing up, buy it now. I posted this forecast to late, I had to post it at the moment I got the signal, but it's okay you still can make a profit. SL and TP put them on your own.
Today we have made a good profit by making 3 trades in ES1!, have a nice day and see you tomorrow in another forecast. To get forecasts as soon as I have the signal don't hesitate on texting me ! Have a nice day !
Good morning everyone ! As you can see we have a good signal even it's a little bit late but it's okay, the market will keep pushing up. Buy ES1! now.