No need to overthink this one. Pretty clear trend line on a linear chart. Why linear? Cause we aren't looking at multiples in price change, logarithmic wouldn't be best used here, and I have seen many charts showing false trend lines with a log chart. Logarithmic scales are useful when the data you are displaying is much less or much more than the rest of the...
1. Less Bearish Scenario We have a 1-2 1-2 with the impulse wave 3 down in progress or still to come. The difference between the 2 scenarios is the higher timeframe. In this less bearish scenario, this move down is part of the primary wave C in the correction that started Jan 22. Once is done a new cycle will begin. 2. Bearish scenario In the bearish...
SP500 for my scenario is bullish because, I think we just created a consolidation which we broke above and also the market has been going down for a while. So I think it should reverse anytime soon. However, DYOR and if you can, let me know about how you see the chart.
This naturally rimes with the Nasdaq signals and with the overall global equities outlook. Here, two opposing forces are the most significant factor; 1) The unfolding (and enduring!) USD strength - Downward pressure ; 2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure . Driven by the rapidly unraveling ...
Hello Trader! A significant amount of liquidity was taken out with the upward impulse. Now, there's a high probability of heading down to capture the lower liquidity. 🚀Please support my efforts with the "Boost" button. ❤️And a comment is the best thing you can do for me now!
Trade Details Buy Limit Entry: 4259.50 Take Profit 1: 4316.66 (4R) Take Profit 2: 4398.62 (8R) Take Profit 3: 4467.77 (13R) Stop Loss: 4242.72 (-1R) Key Notes Order flow: Bullish Trend: Bullish Structure: Broken Entry at Golden Zone Disclaimer: This is just a sample template and should not be used as financial advice. Always do your own...
Hello traders as you can see in my analysis it seems like spx500 has changed from an uptrend to a down trend forming a head and shoulder a classic bearish reversal pattern . i believe the price is being influenced by the dollar monetary policy and the situation in Palestine so watch out for that . but technically speaking , the price is coming down. please...
elliot prediction without news at sp 500 sp500 bull power in my sight, im just betting on it, did not follow any macroeconomic data yet just by the maket move this analisys and nothing else, this is not a profitable trade, just get an idea what i am doing on these days, hope you trade safe.
Hello, traders. Opening a trade on SP500. We're currently in an upward trend and might encounter some liquidity grabs before a local correction from the top. Downside movement for liquidity is expected to be more challenging at the moment. I'm pinpointing the entry at the order block and setting the stop loss below it.
Hello! I see SP500 has formed some bottom on 12H timeframe and closed beyond previous 12H High Point. Bulls are gaining more strength in this market, that has seen 3 weeks of countinious decline. It looks just about to swing higher. Taking into consideration that previous weeks NFP data came out much stronger then forecast, about 330k new payrolls added to the...
Testing of Strategy Part 3 Entry 4217 SL 4209.5 TP 1 4233 TP 2 4242
SPX lost a key support level at the orange support zone today. I think the white trend line and yellow support zones will be key support levels if the S&P forms another dead cat bounce or is bearish tomorrow.
Hi Traders! Medium and Long-Term Trends are bullish, but in short term SP500 could remain bearish even after a pullback. If we look at daily chart, the Price Action is approaching an important support area around 4,305, if from here it triggers a bullish leg, it's possible a harmonic structure formation (for us, bearish). Having said that, we have a first Target...
The next crisis will be very similar to that of the 2000-2010 period. At first, the economic crisis will condition a bursting of the technology and fast-growing stock bubble, only to be followed by a financial crisis after a short-lived recovery. First floor: first quarter of 2025 . SP:SPX = 2.470 Second floor: second quarter of 2030 : SP:SPX = 2.100 ...
On Wednesday the S&P 500 briefly broke below 4,240 to test support at the lower end of an upward-sloping trend channel that has been building since last October’s low. This took the index back to its lowest level since the early summer and had many traders expecting an extended decline. But it snapped back and in early trade on Friday the S&P had added just...
We all know that global indices have been under pressure whilst the US dollar and bond yields scream higher. But with the S&P 500 respecting key levels of support and forming a bullish hammer on Wednesday, perhaps it is time for at least a sympathy bounce? Furthermore, the hammer low perfectly respected trend support and closed above the 200-day EMA, with a...
As I explained last week, there is a high chance for SP500 to drop to important 4250-4275 zone support. On Friday the index dropped under the short-term trend line and, after consolidation on Monday and Tuesday, yesterday we had a strong drop. The overall picture is pretty bearish at this point and another 150 points drop becomes very probable. In conclusion, as...
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. No opposite signs. Until the two strong resistance zones hold my short term view remains bearish here.