I like this retracement up on the SP500.
I like this SELL opportunity because the indices are also way overbought.
Share your thoughts!
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The Professor
With a few more days of data from the last analysis it is time to lay out the next possible paths. The index and markets are very much so overbought. A downturn is coming. No matter what happens this week, December will likely contain the next selloff. Does it continue tomorrow, or can the market find another new high above 4521 first? I will lay these out along...
Operating under the premise Primary wave 2 was finally finished or will soon, this is the preliminary peak at Primary 3 down.
Here is the hourly:
I am displaying the daily with the play button so it will be viewable forever on TradingView as the hourly will eventually stop loading (years from now).
Things to note, Primary wave 2 was the third largest...
If you check our previous post on the SP500 here you'll see we called the top of the B wave in back in July and since then we've moved down in a leading diagonal to complete wave 1 of C, now we're in the middle of a sharp and fast wave 2 and we believe Friday just gone marked the top of the A wave of this wave 2, we're expecting a pretty quick decline for the B...
Minor wave 4, if it ended was a dud. But the models indicate Minor wave 5 and the Intermediate A top will come quick. The historical models indicate the market can now top as early as the second hour of trading tomorrow. Minor wave 3 is likely already through wave 3 as seen here:
Based on a hypothetical top of 4384 the path in the image above outlines the rough...
Spectacular comeback for us500, but now let's see what will happen next week.
It seems that it manages to close both the week and the day well and thus leaves room for another climb up to the area of 4398-4400.
Here we have an ultimate test for buyers, let's see if they want to leave and collect the profits or if they will still stay in the game.
Buyers must show...
we have the nasdaq with a sell signal after eating all the liquidity from the previous sessions of last week now we can go down to other points of interest
Price even can not hold the Sliding-Parallel of the Center-Line. This tells me, that if it can't jump back above the CL next week, the next target is 4000.
Happy Christmas §8-)
Did you made some NYSE:S too following my posts?
Great. But...
...now is the time to beware of the slingshot.
See, price has fallen quite nicely and we are all happy campers. Now we have to defend our short position, the ground we gained. And here's why:
Although price still trades within the red down-sloping Fork, there are some signs that, soon price has...
Hello Trader! A significant amount of liquidity was taken out with the upward impulse. Now, there's a high probability of heading down to capture the lower liquidity.
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As the chart progresses, old post was shared wayback Dec 2022 when the index has completed the Wave A leading Diagonal, the 1st impulse of the 3-wave corrective of the bigger cycle.
Currently, Wave B might have already topped off on the rejected 4600 zone.
I'm seeing a potential 3rd and the last impulsive of the greater corrective cycle which is at an unbelievable...
short #sp500 #us500 at 4342 with very short time tp at 4311-15 around so a good 30 pips in pocket ,for long term or short term dependt of the #us #cpi tomorrow there the target 2 on simply chart below #nasdaq too can short for 50 pips no problem #gold #wti #eurusd #usdjpy #gbpusd
-much overbought and up for no reason
-while "vix" up in same time,so strange
ESZ2023 Short Shaping Up
Price tagged into a weekly FVG and weekly OB.
Just had strong bearish shift on H4.
Will be hunting M15 short setups on a retrace into H4 premium.
Target PWL.
Looks like Minor wave A likely finished today, next up is Minor wave B. Models point to 18-22 hours of possible duration which will likely see the bottom on Thursday. There are a three pockets of interest for the bottom. I used the green box (4281-4294) for the more conservative zone, yellow (4255-4275) for the more aggressive zone and my target is the white box...
Here we are, seeing the projection I posted on my site and here becoming reality.
P4 was slightly above the Center-Line.
How price is falling through it.
Next Target is P5.
Either the Warning-Line, or the Lower-Medianline-Parallel.
In between I expect a bounce up to the Centerline.
Also, keep in mind that we could get a HAGOPIAN!
That means, if price is not...
Current assumption is that Minute waves A and B are complete and the final Minute wave C should bring the market up early this week to complete Minor wave 4. The high for the week should occur prior the close on Tuesday. This analysis will point out the levels and locations to monitor for this event. An early peek of Intermediate wave 3’s final projection is also...
Oh my, I feel like a super Bear.
Every Chart I see is creating a short setup.
The S&P500 opened and close outside of the green L-MLH a second time.
Chances that it will run up to test/retest it again are given by nature. But nobody can tell.
So, I opened a small short position and I will track it closely.
The next crisis will be very similar to that of the 2000-2010 period. At first, the economic crisis will condition a bursting of the technology and fast-growing stock bubble, only to be followed by a financial crisis after a short-lived recovery.
First floor: first quarter of 2025 . SP:SPX = 2.470
Second floor: second quarter of 2030 : SP:SPX = 2.100
...
![SPX: [EN] W Recession in SP500 // GaliortiTrading](https://s3.tradingview.com/z/z7PmUxHQ_mid.png "[EN] W Recession in SP500 // GaliortiTrading")
