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...
SPX500 Short Trade Entry: $3,866.6 TP & RR: $3,840.5 (1.13) Stop Loss: $3,889.7 REASONS FOR THE TRADE Straight off the bat, you notice two things here - ascending channel and opening a position against the trend with what I consider a bad Risk:Reward Ratio of just over 1. However, I believe that price can form a double top with bearish divergence, retrace...
Let take this buy Short term analysis
As I said in my previous SP500 analysis, 3500 should be a great sell zone for bears. The index reached that zone, has reversed and now is trading just above 3250 support zone. A small rally should be expected now and bears have a new opportunity for opening trades around 3400 I maintain my target of 3k for this index and only a new all-time high would change my perspective
SP 500 Has managed to broke the upside trendline yesterday.From 3212.00 level it has rejected twice and makes a minor double bottom pattern and bounced after the primary touch in lower trendline.And managed broke the upside barrier we are expecting broke and Retest towards the lowerside support level comes around 3277.00 which is coordinating with trendline.From...
Hello, I think that the BAC weight can be increased by putting stop-loss in the portfolio. Valuable Risk / Reward Ratio Target : 27.24 Take Profit Points 25.39 25.97 26.74 Stop-Loss : 23.91 or Close Under 23.91 Subsequent to 23.03 causes zone changes. Regards.
S&P 500 update, we could have an interesting week coming up here in the stock market. Looks like gold silver and bitcoin are breaking out while the dollar gets weak.
As per my previous Elliott Wave Principal count, the impulse wave to 3200 is confirmed to be the top of wave v. We are currently in a ABC correction that has a high probability of being Wave 2, as that should follow a corrective wave pattern. Keep in mind that Wave II can retrace 100% of Wave 1, but its more likely to retrace to the .618 fib of Wave 1. If you...
60% of Rising Wedges end with a downward breakout. However, downward breakouts are some of the worst performing chart patterns, with an unacceptably high failure rate, small post breakout declines, and pullbacks occurring 72% of the times. Thomas Bulkowski- Encyclopaedia of Chart patterns. thepatternsite.com
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Hello! As usual regular update to US stock market on S&P 500 / USD (index). At current spot we near resistance of 3000, which is hard to break from first try. This is okay. Many companies still down due to world lockdown (covid-19/20), some companies gradually recovering. And some very close to previous highs or above it (AMZN, TSLA etc) This process represents...
Hi All, *** Note: This video is a followup on my previous posting on the SP500 forecast, with measured success. *** The following video post is my take on the SP500 price action in terms of technical analysis. If you were to look at my previous posting on this, it gives a background to this video. But I also recap some of the points in this video. This video...
Hello! Dear traders, trying to keep you updated with SP500 price action. On previous SP 500 analysis I payed attention to EMA21 many times. Seems like today price went down to test EMA21 again. And this is good signal for continuation. This could mean price just correcting sharp trend. Keep cautious positioning about SP 500 and US stocks. Still cloudy...