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...
Analysis of the S&P index in the medium and long term The market is in an upward wave and until we are above the number 4742, it is still an upward trend, and for short-term transactions, we can trade from buying to selling. But for the long-term, we have the resistance of 4914, which is likely to react to this number, and the index can enter a fall, which can be...
Hi Traders! On the intraday chart the trend is bearish but at the same time, we cannot exclude the continuation of this rally on the intraday chart and resistance breakout will confirm this Pattern. That said, if we look at the 1H chart, it is possible for a harmonic structure to develop that should push the price around Target 1. Trade with care. Like | Share | Comment
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...
Perhaps the most important macro driver for stock prices in the last year and a half has been the US Dollar Index. The DXY has ranged between the upper 90s and about 107 since the third quarter of 2022. When the greenback has been on the rise, equities have generally been weak. A softer dollar has led to a period of stock market strength. Of course, ebbs in the...
Is it possible for the stock market to repeat itself? After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground. The month of January is generally weak for the index as the...
Trend fib pulled from October lows puts the 618 fibo in confluence with the rising wedge as a third touch with major multi year double top ath scenario also completing the ABC (123) elliot wave (correction wave) for a new 12345 elliot wave count lower....and many gaps to fill
HELLO TRADERS!! As i can see S&P500 is making a bull flag and ready to reay a new historical high before ending of 2023 i am expecting it will move more upside till 4800 zone we are trading with a very low risk reward ratio so lets see what markets move bulls or bears ..... its just an trade idea share ur thoughts STAY TUNED FOR MORE UPDATES !!!
SP500 Next Buy opportunity 4699 - 4719 Target will be pending with future Wait for confirmation.................... Current situation 4699 level is still in support position. already retested. good level for entering the buy trade however if its broke the support the next support is 4650.00
Current economic, fundamental, and now technical data suggest that we are potentially nearing the start of the US Recession. Here are the technical factors that suggests the recession may have already begun⤵️ On the 1W chart, Price has rejected the $4.8k key resistance level on the 1D chart, the price is overbought and the RSI is indicating a bearish...
Fitch Ratings made a significant move by downgrading the US debt rating on Tuesday, shifting it from the highest AAA rating to AA+. The downgrade was attributed to a "steady deterioration in standards of governance." This decision followed intense negotiations among lawmakers to reach a debt ceiling deal, which posed a risk of the nation's first default. The S&P...
This was my article about the SPY S&P 500 ETF price target for 2023:https://www.tradingview.com/chart/SPY/l6U1M9dJ-SPY-S-P-500-ETF-2023-Forecast-CPI-Report-Prediction/ I was bullish, but not enough! In the July 2023 meeting, the FOMC opted to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at curbing elevated...