Sharing a simple yet very visual idea of what could be happening with SP500 in terms of Eliott Wave. We would be in an ABC correction, A finished, B in course, near to its end, C to happen in the future. In the end, uptrend. So short term, LONG for a little while, might end anytime soon. Medium term, further correction (SHORT). Long term, LONG.
In my last analyses about the SPX , I spoke about a bottom of the index. The price was in the process of breaking the resistance when I created that post. De deciding factor was whether we could create new support out of old resistance, which is happening right now. First, the lower part of the zone was touched and made the price bounce. Now, we're witnissing...
Wow! This is a first for me, in such a large timeframe. Looking at both patterns forming. The larger head & shoulders pattern may take precedence, as it is generally considered to be a more significant pattern. If the H&S pattern is confirmed, it would suggest that the uptrend is ending and that a downtrend may be beginning. However, if the Inverted H&S pattern is...
A wonderful investment opportunity to buy the SP500 with the breach of the side channel shown in the analysis, as well as the breach of the bearish trend and a positive candle indicating that buyers entered the market in a positive way. Please be patient with the deal. Good profits. My friends, traders.
This week I'm targeting the daily volume imbalance. However, I'm neutral on whether the price will go higher.
The SP500 is not in a down trend no more. $5200 TARGET There is not much to say. You can comment about your recession what ever. But price action is king. Price action tells me we going to $5200 and that is the probability we are playing.
Currently looking at riding longs till the next high on US500. Manipulation and institutions capitalizing on its bullishness, likely pushing it higher for now.
Erationality at it's best. However, markets do what they do and we follow. Target 4300ish.
Erationality at it's best. However, markets do what they do and we follow. Target 4300ish.
SP500 analysis : Outperformers : 1. Telecom 2. Consumer Durables 3. Real Estate 4. Technology 5. Finance 6. Materials 7. Energy Underperformers : 1. Industrials 2. Utilities 3. Healthcare 4. Staples
$SP500 - BULL BREAKOUT! We waited more than a year for this and > 50% is still a bear 🤣 But But... Boj. 'The Macro Economy is really going to get bad'. LOOK AT THIS CHART. - Year-long break-out - Ascending Triangle on the RSI Atleast $4250, likely new All Time Highs. #SP500
The bull is just taking a breath always respecting the main channel, we should see bullish activity soon.
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...
Setup: holp reversal reversion to the mean Trade rating: 4 Reward: risk: 2:1 Market conditions: quite volatile but I feel that we will revert to the mean as liquidity dries up leading up to fomc minutes
Here is a chart that calculates SPX "Fair Value", based off FED Net Liquidity variables. SPY ES1! Looking to the end of the year 2022 and the start of 2023, here are some SPX target ranges to keep in mind when taking into account the current FED Net Liquidity: Upper Bound: $4,271.69 Fair Value: $3,921.69 Lower Bound: $3,771.69 If you want a copy...
$SPX (SP500) - UPDATE 4H - CPI LEAKED? Does someone know something...? A quick +1% move this evening with #CPI Data dropping tomorrow. Suspicious 🤔 We just follow the charts. Break-out of this diagonal resistance line, $4050 next. #SP500
Technical analysis: Price is trading close to the diagonal red channel resistance for quite a while. Green diagonal + horizontal support areas are crossing, forming a possible long entry at the blue circle. Yellow cloud is the prediction. Thin green horizontal line forms a lower support as a possible stop loss. Fundamental analysis: A quick research about the...
The chart continues according to the desired target, so at this moment I only changed my personal stop loss, more precisely, taking into TP that I have a good profit, I changed the stop loss higher so that if it touches it, it will be in profit.