SP500's latest price action, through the lens of Elliott Wave theory, is indicating a potential SHORT setup. The completion of what appears to be an impulsive wave (3) and a corrective wave (4) suggests that a downturn might be on the horizon as part of a new impulsive wave sequence.
The corrective wave (4) has retraced to the 0.382 Fibonacci level of wave (3),...
Price is clearly in a bearish trend. Price also has fair value gab and unmitigated order block zone. So initiate short positions near the order block zone after finding a strong bearish price action structure. Analysis trend is invalid if the price breaks and closes above the trendline. Good Luck.
My short plan for Sp500 worked out perfectly. I shared my view some days ago and adding shorts while it was going up paid out. Actually i closed all my shorts and i am looking to enter long. I think that a pullback is on the way
Exploring the SP500, I've identified a clear SHORT opportunity as technical and economic indicators align. The index is currently testing critical resistance levels, with the formation of a bearish engulfing pattern and overextended RSI readings suggesting a potential reversal is imminent. This bearish outlook is reinforced by a negative divergence in the MACD,...
SP500 has made a nice drop like i predicted in my previous idea. I expect a little continuation of the drop before a pullback that could lead the price to the resistance area at 5250. Here i will look for a new short in the next weeks.
Thanks a lot you the likes, really appreciate! It is not financial advice just recreational trading idea sharing
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- 5332.5: price point identified as potential optimal entry for short direction trade. Depends on the velovity of the market when if hitting that price point again.
- 5168.75 to...
I think SP500 is on the way to perform a great drop. Looking on H4 timeframe we can see a clean break below main trendline and a retest of it. I think today we will see some volatility around the beginning of the NY Session. I expect a fake moves first to the upside to grab some liquity, next we should see a drop till support zone around $5130
Analyzing the SP500, I've pinpointed a strategic SHORT opportunity. Technical indicators reveal signs of potential market fatigue, with the index struggling to sustain new highs and forming bearish patterns, such as a head and shoulders, near critical resistance levels. This is coupled with bearish divergences in the RSI and MACD, suggesting a reversal could be...
In my recent analysis of the SP500, I've identified key indicators that suggest a strategic SHORT opportunity is on the horizon. Technical signals indicate the index may be overextended, with potential bearish divergence on the RSI and resistance at all-time highs suggesting a pullback could be imminent. The appearance of bearish candlestick patterns near these...
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
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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...
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...
overbought in many way
market not care at all the odd of rate cute that noiw are in may-june and
% for march
all tha panic buy for 1 stock nvidia
while we se inflation data backed up
we see job number very good
and market react liek we never up rate since 2 year
its a full bubble that ake los tmany money to retail trader
Hello fellow traders, Understanding the current markets are awful as of the this year, price suddenly sky rocket like a balloons on space.
My idea is base on Distribution since the COVID 2020 fall of -35%, the price retrace back for 3 years on the run with almost 45% if price goes to my analysis atleast 4966$.
Then we might see a fall or Down back to the COVID...
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.....
