S&P 500 Index Full Analysis (Still Bearish Here)
I would like to give a full analysis of the S&P 500 Index (SPX) chart... Let's get started!
We will look at my classic signals and then a general view.
The classic bearish signals coming out of this SPX chart are as follow:
The first thing to notice here is a lower high compared to the 8-Jun.
I shared a...
SPX500 has reached a decisive point it seems as it has broken a resistance level now turned support at 3156.6 that price has retraced to.
If price bounces off this support level than we could expect price to reach around 3229.2.
Conversely if it breaks downwards then a short trade could be triggered off a retrace back to 3156.6 before going...
We broke a huge resistance zone on the SPX500 yesterday and are now coming back down to re-test that area as well as my marked ascending channel trend line. I would like to see some confirmed wick rejections from this zone and a good candlestick indication that buyers want to drive the price up before getting involved personally in a buy position.
This is getting really interesting. It's gonna be a fight between technicals and fundamentals.
Recent analyses of FED fire power suggests they have only used only about 1% of their arsenal of 'tools'. This obviously means that there is a lot more room for the north due to FED interventions. But what is market sentiment saying? There is a big fight on.
Extremely valuable analysis here team, we are at a super important level for the SPX500, it’s either make or break from here. As always we will let the market show us what it wants to do and be patient until then. If we manage to break this small ascending trend line as well as the structure we could be in for a very nice risk to reward trade to the...
Things are looking bearish for the stock market an abandoned baby candle sticj pattern plus multiple other technical indicators suggest we are starting to roll over.
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Last week, S&P 500 index ended with a bearish candlestick, thereby creating a bearish engulf. Coming days, the index likely to fall on short term to 2935 after a brief testing of 3100. Volume however suggests that the index on the medium term could still fall further to test the bullish order candlestick at 2700 as the average declining volume is much higher than...