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
...
So, here we are, below the red Center-Line.
What now?
If the Bears are successful, then we go south.
Target is the at least the white Warning-Line, or the red Lower-Medianline-Parallel. What ever is hit first.
On the other hand, P3 could be in and we get a bounce up for a re-test to P4.
This is a tricky situation.
Even more because the Nasdaq looks ready for a...
The SP500 index continues to rise as long as it remains above the 20-week moving average, but this may be coming to an end. Weekly closes below $4436 will create a negative outlook. A correction could push the index down to the 100-week moving average of $4160. But as long as the index remains above $4436, the rise will continue.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the two strong resistance zones hold my short term view remains bearish here.
We will try to fit a few analyses into this one. First and foremost is forecasting the end of Minor wave 3 assuming Minor wave 2 ended in the first hour of trading on September 11. Based on historical models for Minor wave 3s inside of Intermediate wave 3s, the minimum movement extension was 119.45%, quartiles are 144.66%, 160.615%, and 197.56%, with a max move at...
In my previous post, I said that we have a short at hand in the SP500/ES.
1. ES Trigger Candle Bearish
That was before P0
2. ES has reached the TOP for now
That was at P3
In both postings price was not able to reach at least the Warning line (dashed white).
Now we have the 0 to 5 count confirming what happens when price trades below a Medianline, in this case...
This is my 100% believe, that the S&P500 has reached at least a temporary high.
From here we will go down, at least to the dashed WL (Warning Line).
We had the Open & Close below the Lower Medianline Parallel. But price couldn't reach the WL. So, that means we had a HAGOPIAN cooking.
A HAGOPIAN means, that price will go further in the opposite direction than...
Why I am bearish on the S&P 500?
- WBR Forecast indicator is BEARISH
- We are entering a key zone which we've struggled to breakout from for the past 5 months.
- Jim Cramer is bearish (Usually not a good thing lol) #inversecramer
My personal trade:
Stop Loss / Take Profits:
- Entry: $455.45
- Take Profit 1: $432.24
- Take Profit 2: $412.06
- Take Profit 3:...
We got the rejection we were looking for at 4440. We took our first profits at 4420.
Now we are looking for a pullback UP and then enter again with a final target zone of 44.10 or so.
It does not seem to be enough to just get everyone bullish, we also needed the bears to give up. If this was the final short squeese we might just have ended the complacency stage.
Some reasons why we could see a pullback now:
1. We exactly touched the fibonacci retrace level at 78.6%
2. We are at the top of a potential downward trend channel
3. Overbought
4....
I posted this chart just last week as part of my Major short setup going back weeks. Link to previous post in the description, please go through that setup to get the context.
This is going to be a short post, since everything is going as per the plan we just have to wait and watch, Price back to where I expect either a break below or bounce to continue...
Here is the best estimate of where we could be now. Minor 4 lasted a little longer than forecasted but managed the moves up and down in line with historical models. It is possible Minute waves 1 and 2 inside of Minor wave 5 have already completed. If that is the case this is the plan for Minute wave 3. I have kept the Intermediate wave 5 levels to the far right,...
SPX Daily
Price Chart
After the recent bounce of the level of resistance (Red Box) the SPX snapped it's first small level of resistance (Teal Dotted) and has continued lower. Price has also closed below the 50-day EMA while the 12-day and 26-day have recently crossed and the 50-day flattens out. The next level of support (First Green Box) should come into...
I posted this chart few weeks ago as a follwup to my short to show few possible paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a possible break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea.
The only difference is that ,...
IF Minute wave 3 (green) ended today, tomorrow could see an early morning high around 4433 before moving into more declines later.
15 and 30 minute chart triggered wave 3 of 3 and macro wave 3 signals seen here:
The first signal was probable Minuette wave 3 inside of Minute wave 3. The second signal was likely the end of near the end of Minute wave 3.
This...
OANDA:SPX500USD
We will have choppy times ahead.
Target 4600
Above 4600 Vey Low Volume
The sentiment is positive
4060 is support
Technically
Higher Highs Lower Lows
We are slowly leaving the current ange
The ranges are increasing
The S&P 500 has rallied rather significantly during the course of the week to break above the 4200 level, showing signs of...
Time to view all possibilities after a weak Friday of movement. I have developed an indicator that identifies Wave 3s, wave 3 of wave 3, and the end of corrective waves (2, 4, or B) which can be found here: . Some wave 1 and wave A ends will get a signal, but it takes other analysis to identify those points.
Applying that script to the chart at the intervals...
The chart holds the expected movement for the beginning of the week if we are in the final wave down of Intermediate wave 1. Minor wave 4 moved nearly on target with a reversal at the maximum historically observed reversal point and ran one hour beyond the models, however it fell drastically as expected. That idea can be viewed here:
I initially believed the...
![SPX: [EN] W Recession in SP500 // GaliortiTrading](https://s3.tradingview.com/z/z7PmUxHQ_mid.png "[EN] W Recession in SP500 // GaliortiTrading")
