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.
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.
This naturally rimes with the Nasdaq signals and with the overall global equities outlook.
Here, two opposing forces are the most significant factor;
1) The unfolding (and enduring!) USD strength - Downward pressure ;
2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure .
Driven by the rapidly unraveling ...
Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want...
I posted this chart few weeks ago as a follow up to my short to show the few paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a 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 this happened...
Falling Wedge has formed with the S&P 500 since 1 July 2021.
We then recently had a breakout above 3,991 which confirmed upside to come.
With the strong Engulfing up candles, we can expect the price to soar in the next few weeks.
That is if the trend does hold and doesn't cause a fakeout.
Price>200
RSI>50
My first target is at 6,000.
SMC
Below the Falling...
A less demanding and yet more robust looking alternative would be to drop expectation of ABC flat and replace it with WXY double zigzag.
This scenario popped up just now when I erased some of the previous drawings, zoomed out and tried thinking bigger and less anchored by the previous ideas.
Looking for a turtle soup of the February highs before we drop aggressively.
The rest of Q2 seems like a risk-off situation for me for stocks.
Like always do your own due diligence.
DISCLAIMER: I am not a financial advisor and nor is this financial advice.
S&P 500 has been moving on Ascending Channel for about 12 years😱. S&P 500 had an Impulse wave with an Extended 3rd Wave . When wave 3 is extended , we can use from Elliott Wave Fibonacci Retracement and Extension Guidelines of extended waves :
🔅 If wave 3 is extended , waves 1 and 5 are often nearly equal in magnitude and duration.= This...
$SP500
DECISION TIME.
The amount of resistance here is unreal. Must be a lot of stops right above $4200.
The chart looks bearish, but Inflation has Topped?..
Moment of Truth. Not the time to long, derisk or hold.
#SP500
Blue Trendline = Diagonal Resistance
Red Box = Resistance horizontal
Blue Trendline = Diagonal Resistance
Comment if you think we will...
.
S&P W1 3-9-22 DROP TO 3500 ?:
- Continued FED-tightening is bearish equities
- Recessionary circumstances (US & World) is bearish equities
- Strong(er) Dollar is not bullish equities
- Analysis based on Fib-Confluences:
- 3500 = 50% retrace of Covid-uptrend
- 3500 seems likely as downside target
- 3250 is 62% retrace of Covid-uptrend = 162% extension of...
This is a follow up to my previous SPS500 analysis. Have a look at the idea mentioned below to check the wave structure on Daily Chart:
Currently we are in B wave which due to bullish sentiments in the market expanded above the start price of Wave A. Similar to NAS, I am anticipating the converging diagonals on SP as well while expecting the drop in prices by next week.
We saw nice pump on Friday before market closing and an upward gap upon market open showing that the bears are getting hammered. In meantime, I would like to point out on the overall outlook on S&P according to daily time-frame. As you can see the correction shown on daily time-frame which consist of simple WXY waves are still underway. I am currently projecting...
Almost 80% of the market has turned bullish at this time. So I would like to point out a Bearish case on SP500 today. Similar to my BTC outlook, this also involves formation of Expanding Diagonal Waves.
Even though we broke upward from the trendline, this does not implies that we have invalidated the bearish PA (at-least not yet). We are currently at a critical...
Hi traders this analysis is very simple and uses some basic methods.
I'm using the "filling gaps" method, the SP500
During the last years this method has been simple but effective.
I'm worried about the gap left in November 2020, the SP can easily go and fill it considering we are only 15% above it, and in June 2022 we dropped 12% in a single week.
This gap...
Looks like the ES in a downward channel . There is a good chance it will bounce to the top of the channel and turn back down. The top of the channel could coincidently be a lot more than just one factor causing a reversal.
Top of channel
21 EMA
0.382 Fibonacci level
Old support turning to resistance
