AMEX:SPY Overall Trend: The SPY has been on an upward trend, as indicated by the upward-sloping blue trendline, signaling bullish momentum. Candlesticks: There is a mixture of bullish and bearish candles; however, the bullish candles have larger bodies, indicating stronger buying pressure. The large white candlestick followed by a smaller one suggests...
USD: S&P 500 at 5000 US asset markets are having a good few weeks. Equity benchmarks are pushing up to fresh highs and last night's US 10-year Treasury auction saw decent demand. Leading the charge in US equities has been the big tech stocks. Just looking across the consensus price targets of the 'magnificent seven', the targets remain anywhere from 6% (AAPL) to...
TVC:SPX "I have set my target on the chart. If the support drops below 4684, the analysis will be canceled." Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
Hey TradingView Community! 👋 Today, let's talk about something that often takes center stage in our trading journey: Profit and Loss (P&L). While it's natural to be driven by the desire for profits, it's crucial to understand the importance of avoiding an unhealthy obsession with P&L. 🚫 P&L Obsession: The Downfall of Many Traders 🚫 🔹 Emotional Rollercoaster:...
There are conflicting signals with the SP500. Yes it is definitely in a BULL market no doubt about that. This is defined as a rising trend and with 7>21>200. And the price is above 200MA (main decider). However, the indicators are showing a potential Sell Divergence as the RSI is making lower highs. This does seem to be a Rising Wedge but the concern is...
I think a new rally begining Don't forget stop loss !
Yesterday, the SPX closed above $4,900 for the first time in history. Now, the question is, can it close above this level for multiple consecutive days? If yes, it will be positive for the index. However, a breakdown below $4,900 will be slightly concerning. Similarly concerning will be if RSI, MACD, and Stochastic start reversing to the downside on the daily...
A bit of a late post as the market is moving faster than my fingers can type but let's see how relevant this is regardless. Here is what I see: What is on the chart? (follow the steps) 1) A strong price accumulation that gives us a potential liquidity target for later on! For now bullish until said otherwise. 2) The BOS level that serves as support. 3) The...
Sure, here's a bullish perspective on the S&P 500 index: 1. **New Bull Market**: The S&P 500 index has officially entered a new bull market¹²⁵. This is a positive sign for investors as it indicates a period of rising prices and investor confidence¹. 2. **High Interest Rates**: Despite high interest rates, which were one reason for the stock market decline in...
After testing $4,900 yesterday, the SPX retreated slightly lower. Currently, it trades near $4,870, and we keep monitoring the resistance at $4,900 and support at $4,800. We are also paying close attention to the RSI, which broke above 70 points on the daily graph; the invalidation of the breakout will raise a slight concern, and the same will apply to the spike...
Hello, friends ✌️ SPY made ATH and I am sincerely happy for him. But was the market really going to grow until the presidential election on November 4, 2024? Of course not - we have a bull trap in front of us. Good luck, bro
3950-4K micro-target followed by the melt-up rally. Linear top: 5325 Log top: (Separate post): 6000 Extension linear top: 6500 60-80% Bear Market follows; Target 1: 2150 Target 2: 1555 End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing. P.S. Disregard target 3 on the chart; Depression isn't expected this decade.
Early guess of the bottom is between November 2024 and March 2025 which relatively falls in line with the originally projected bottom from July 4, 2022. This is where Cycle B has topped thus far. It was in the larger target area from my December 13, 2023 analysis, albeit at the tail end of the box. Time for the study models. 1 - MOVEMENT EXTENSION STUDY The...
Risk Disclaimer: This is just a possible forecast that could be wrong and there is No advice for any Trading!...
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.....
as i was helping someone better understand some of these terms, like golden pocket... actually ill skip it. okay the SPY, everyone's favorite!... (to play 0dtes on) jk, i do it too sometimes. This is a great example of a "high probability set up" . when you have multiple indicators pointing to the same thing. we have not 1 not 2 not 3 but 4! indicators all...
Dear FRIEND, I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones. As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal...