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
In my previous analysis regarding SP500, I said that I expect a drop under the 4k figure and things are getting closer and closer to that moment. Looking at the price action for the past 4 months, we can see that after a very bad start of the year, stocks have tried to recover, but sellers capped gains in the 4.5-4.6k zone. A new attempt of recovery started in...
SP500 has started 2022 badly and things look like will get worth. After an initial drop to 4.1k, the index tried to recover, but 4.5k proved to be a strong ceiling and SP500 rolled back down. Now the index is trading in February's low and I expect a continuation to the downside. A drop under 4k would be significant for SP500, both psychological and marking more...
trend is ongoing, does not seem at all like any further fall is coming... i look for some kind of M patern, or double bottom to form the next few weeks... lower lows, loosing channel mean invalidation + potential trend change, as for now we still buying dip, sell rallies of 8/9%...
To complete the story with my previous posts I am suggesting an alternative, lengthier correction for SP500.
Unlike Nasdaq, SP500 did retrace more than 0.618 and is indicating a possible sell-off next week. Next thing, I will examine DJI (which should be interesting) and will discuss all three indexes in a Weekly Update on the website. The US markets are closed on Monday.
Hello all, For the past few weeks indices were fluctuating crazily due to Fed, ECB, Bank of England and all other market expectations. Now the SP500 index is reaching the structural ATH while forming a clear and nice double bottom pattern. There is a good chance to enter this bullish rally on the retest of the above mentioned structural level. Good luck! If you...
The S&P500 has approached an area where we can slowly start to think about another corrective move by the index. Currently, there is still some room for the index to rise to areas around 4733 points. Then, it is time to cool-down a little bit. We expect the index to fall below 4584 points, before the bulls take over again. Okaaaaay, let's go!
What has started like a healthy and meaningful correction, has proven to be an anemic not even 10% drop for SP500. The index found strong support at this moment in 4300 zone and as long as this area is intact we can see it challenge the all-time high in the next trading sessions. I will look to buy dips in search of a good R:R for my trade
Although the S&P500 has lost some power, we expect it to rise further and turn into a correction at around 4502 points. This correction should stretch to around 4451 points and pave the way for surges past 4549 points. Have a good start to the week!
The SP500 index is in a strong uptrend, falling into a hole - as usual, to rise from it and return to an uptrend.
Taking a close look at the behavior of the VIX alongside the S&P 500 has shown me some opportunities to aim for. In particular, when the S&P is posting new all-time highs, looking for the VIX to reach its lower bound. Since the start of the pandemic, the VIX barely kissed the 14 mark a couple months ago and since then, it has stayed above the 16 handle with a...
MY BIAS ON A CRASH COMING. STAY ALERT THIS IS A NUMBERS GAME! Please share your opinion in the comments below and thank you for the support
Strong Topping Pattern forming on SPY and other institutionally owned stocks. I think it could be a good bet to short the market if we have a gap up tommorow along with any pullbacks. It may continue into mondays close.
Another week, another all-time high for the S&P500 – and it does not stop there. We expect the course to further rise to levels above 4426 points. There, a correction should pull us down under the support line at 4353 points. In the mid-term, the course should rise to levels above 4547 points. Bull, Bull Hooray!
A ~25% decline from here should be rather quick and uneventful. However, such a decline is likely to be just the first leg on a long road to a full ~70% decline by the end of this full cycle. - Which would be nothing more than a garden variety return to the Historic Norm ! The same goes for all US Indexes and those who are historically informed (or reviewed...
Hello everyone, if you like the idea, do not forget to support with a like and follow. SP500 made a new high yesterday and it's looking to make new ones until the Friday closure. We are heading to 1.618 fib level after breaking the middle line of the channel. A breakage of the 1.618 level will take us to retest the upper trend line of the channel. EMA100 seems...
Fearing an upcoming crash / correction I've been looking at all the key indexes etc, and this was one of my earlier explorations using Fibonacci. I look at this chart with a large pinch of salt, more a fascinating oddity than something scientific (maybe!), but I do find all the correlations very interesting. Ultimately this connects well with my Vix & Gold charts...