Hello my friends. We see S&P Chart in Daily time frame be assumed this index to be reach 5600-5700 units for wave 3 of 3 and the end of wave fifth about 5900-6000 units.
SP500 trade idea based on my thesis that this is all a big range for the months to come and the economic situation stabilizes (visibility, sentiment, etc)
It is a swing/core positioning trade so size is big and invalidation is on weekly close (yes, you need conviction when taking this kind of trade)
Mind your size, mind the broker your do your business with,...
Price is currently at the swing high resistance and could potentially reversal from this level to our take profit
Entry: 5258.22
Why we like it:
There is a swing high resistance
Stop loss: 5280.19
Why we like it:
There is an alignment with the 127.20% Fibonacci retracement
Take profit: 5218.49
Why we like it:
There is a pullback support and also aligns with the...
Hello everyone, i hope you enjoy this idea and I would like to hear from you in the comments what you think about it.
Your feedback is really important to us as our team is trying to improve everyday.
The chart says it all.
PS: I have been continuously posting, but about 2 years ago the button of 'public' idea was switched to 'private' and apparently nothing was published publicly..
Expecting a large downside to unwind and target 5120 level or below. which is a good liquidity pool resting downward and we have seen a nice market structure shift after taking out the buyside liquidity
Hello Traders, welcome to today's analysis of S&P 500.
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Explanation of my video analysis:
The S&P 500 has been trading inside of a rising channel formation for a very long time. We had the last retest of the lower support level about 6 months ago which was then followed by an expected rally of +25% towards the upside. If the S&P 500 now retests the...
We can see the trend channel on the 4H and hours before the NYSE ope we will be sitting at key diagonal support levels. S&P tends to flash crashes in march and it won't be big of a surprise if we see a quick 4-8% test to lower levels. We also have the FOMC this week which could be the catalyst for such a move. The current bullish move looks exhausted already and...
Hey guys, didn't post new set-ups because the market is quite boring right now.
But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade.
Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions,...
In this area the VIX is in a discount zone, with these stock market valuations on the side has more upside potential than downside.
Have a great day! :)
Greetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
This is a follow-up to my analysis from the other day. The green track is the one for the 1968 model. It has held pretty close to the entirety of the whole correction so I favor this model for now. The 2018 model is pretty good. It is the yellow track. It was a short duration but had the lowest bottom. This would give us a bottom around 2700 which most of my other...
We have seen the SP500 create higher points on the higher timeframes and it seems that buyers are in control. We have seen price make a timid retracement today and this might be the higher low needed to continue higher. In case it retraces lower I am expecting the Fib retracement to serve as supports if needed.
Thursdays Daily candle displaced and closed strongly above Wednesdays high and the fractal swing high from last week.
DOL is the PDH.
I want to see H1 bullish arrays respected to then look for M5 bullish displacement entry.
NFP volatility tomorrow will surely impact whether or not this idea works out or not.
Monday's price action saw ES/SP500 trade above Fridays highs, but failed to displace above Friday's high.
My bias is for price to trade to Monday's low.
I am looking for H1/H4 bearish levels to be respected, and will then look for m5/m15 entry once I see premium bearish arrays are being respected.
Overview
Utilizing trading patterns and consistencies between several technical indicators, I believe the equity market will begin to unload soon as traders collect their profits from the recent rally and prepare for the next FOMC meeting on 19-20 March.
Trading Patterns
SPY is currently undergoing a rising wedge which is a bearish trading pattern. Within...
