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...
The stock market crash of 1929, also known as the Great Crash, was a disastrous event for the American economy and marked the beginning of the Great Depression. It is highly unlikely that a similar situation will repeat itself exactly, as the lessons learned from those events have led to the implementation of policies and measures aimed at preventing such a major...
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...
Hey Traders, This is the setup that spot the bearish continuation for those that missed the first trade opportunity on S&P 500. Watch out for the pullback to the supply zone.
Description: In the chart above I have provided a semi-macro analysis of SPY that compares ongoing market rally and past rallies within the range of 420 & 360 Points. Points: 1. Price Action is fast approaching 420 Resistance that has been indicative of a turn around for past 4 rallies that failed to break the 420 LEVEL. 2. First 2 rallies under the 420...
According to the US30 analysis, the price of spx500 can also have a down trend in the long term
not a financial advice, my idea based on my analysis and bias
We are in a very crucial zone in terms of time and price on Sp500 right now and people who make the right decisions will make money. But to make the right decisions you must look at the data and filter out all the noise and be patient. I have presented my case for incoming selloff a few times before and now it's all coming together. I have provided the...
On daily timeframe, we have a last pump wich show us the level of distribution area, nothing bullish undeer 4200. If the daily candle will close under 4.160, i will enter short
looking for a retrace back to B leg of the bearish cypher near 4102.. I'll cover the short above 4150 area of the sp 500 futures
I will enter with a short if the support line will be broken
In this post I will be making some projections and will also try to walk through the thought process to make those projections. Note: This is not Finacial Advice these projections are just some calculations based on the data we have currently, if the data changes, projections are likely to not play out. I am sure many of you might have already seen this...
The chart is self-explanatory, I have highlighted in the chart where we saw remarkably similar price action in the past. I have identified two different structures in the chart, a parallel channel, and a disjoint channel. We are currently trading in the disjoint channel. A disjoint channel has expanding edges which have same slopes locked in opposite...
Bearish as per said in Chart. Note- This analysis is purely for educational purpose only. Not a trading or investment advise.
Looking at the short execution of the bearish harmonic PRZ, confluent with the .786 and 0.886 retracement of the whole move up It's a day trade. It can be a swing trade as well based one's risk capacity for Swing Trade SL is much higher at 4280. Alternate View of the chart with all the levels of interest. I have over 6 years of trading and investing...
Since the beginning of the year, SPX tried to pass 4200 several times and failed each time. With the recent failed attempt on the first of May, we can consider this level a very strong ceiling for the index and could expect a test of support. I'm bearish on the medium term and traders could look to sell rallies around 4100. Such a trade with a stop above...
H4 - Price is bouncing lower from a strong resistance zone. Bearish divergence. Uptrend line breakout. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
If Intermediate wave 1 is finally done, it was a few days late, but on target. Next forecast is for Intermediate wave 2 which should see the anticipated market decline over the next 5-12 days. This means the bottom should occur prior to May 2. As of now, Intermediate wave 1 was 23 days long. Waves ending in 2BC2 have been 20-50% the length of their first wave’s...