The #SP500 diverged 61% from the trend it had referenced since 1940. When we look at such divergences in history, we see that the index has returned to the reference trend. The beginning of this reversal is usually confirmed by a close below the SMA9 on the 3-month timeframe. This level is currently displayed as $4174. In a possible bear scenario, EMA60 or...
Yes, it's true, believe it, today the only one structure that could take us down has been broken, it was a raising wedge crossing the symmetrical triangle, so, every stock that you buy and fall could recover making new market gurus.
I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility of a double top...
This idea is a correction to my previous count for the SPY since the break out of the accumulation range. I chose the "close" method for the point & figure chart and lost data as a consequence. The correct method is "high/low" which is shown in this count. Chart setup: - Daily, Traditional, 3 box reversal, High/Low (1 pt scale). The SPY is going much higher...
The price is upward, which indicates that the trend is upward, so we will search for buying, and I have placed the buying or selling points, in the event that the price breaks the level that was talked about, in order to know more about what the price might do, and I analyzed it in a technical and rational way . In the case of buying, we will wait for our order...
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.
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.