What's on the chart?
1) An old high that marked a strong year for 2023.
2) A rebound in a weekly FVG that earlier served as a bullish signal for prior trading sessions.
3) In the process of that rebound, a 4H bullish FVG was formed which will serve as our target area + fibs.
4) The 2023 high was broken.
5) IMPORTANT: the new high wasn't taken out. Hmmm.....
Closely monitor the zone indicated in above chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content...
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...
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.
OANDA:SPX500USD
We will have choppy times ahead.
Target 4600
Above 4600 Vey Low Volume
The sentiment is positive
4060 is support
Technically
Higher Highs Lower Lows
We are slowly leaving the current ange
The ranges are increasing
The S&P 500 has rallied rather significantly during the course of the week to break above the 4200 level, showing signs of...
This Is My Anticipation On The S&P500 For Today, We Have SMT Divergence With The Nasdaq On Both The H4 And The Weekly Time Frame So I Believe We May See A Retracement Down And Eventually We Will Trade Up To Take The Buyside Liquidity But For Now This Is What I Believe Might Be The Markets Next Move
Hello, everyone.
My previous idea a week ago had a bearish outlook on SPX.
However things have changed, as we now have a clearly defined outbreak in the RSI.
The target range now is 4400-4500.
Depending on how the market opens on Tuesday. I may open long position.
Good luck everyone.
Stay safe, stay liquid.
The chart is self-explanatory, I have highlighted in the chart where we saw remarkably similar price action in the past.
I have identified two different structures in the chart, a parallel channel, and a disjoint channel. We are currently trading in the disjoint channel. A disjoint channel has expanding edges which have same slopes locked in opposite...
Hello Traders,
Hope you all are doing good!!
I expect US500 to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market...
The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue....
Hi everyone!
The trend is bullish on S&P 500 (Futures), and if we try to follow US Index on intraday chart, we have two important levels: 4,189.75 and 4,098.50. Potential resistance breakout should develop a harmonic structure with Target around 4,238.50, conversely, 4,098.50 failure should trigger bearish consolidation around 4,048.00 area. Technically, both...
The S&P500 is currently wandering sideways and doesn't really know, where it's heading. We're currently expecting the course to sink further South, but there is a slight temptation to cross the resistance line at 4026 points. In our alternative scenario with a probability of 30%, the course could dig a bit deeper to finish the pink wave alt. II, before exceeding...
Dear friends and companions:
According to my roadmap, after hitting the bottom of the ascending channel, the price will have a correction up to the specified area.
If you like my analysis, please like and follow me CME_MINI:ES1!
S&P500 needs some more pep to make it above the resistance at 3820 points, so let’s cheer it on! S&P, you are strong enough to climb above 3820 points and to hop into the upper blue zone between 3943 and 4015 points overlapping with the pink zone between 3963 and 4052 points. After you have finished wave (III) in blue there as well as concluded a countermovement...
Yeh the title, duno.
Anyway its pretty self explanatory. even put some pretty icons on it for you.
This is an update of the last idea; see attached. I have adjusted the fractal a bit to make it a bit more 'accurate'.
Looks more like blue to me but a sharp drop from here would paint the yellow picture.
These are massive bear market rally comparisons; 18 and...
Internal is now bullish.
A break of the swing low, then an iBOS toward the EQ, now a return to impulse.The strong internal low may hold, potentially sending price higher to premium prices to mitigate the supply zone.
Look for bullish price action from the current levels, as price reacts to the daily and 4H demand zones.
I am mindful of the strong bearish...
