In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks. in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9% As we can see on the chart the index...
SPX500 keeps falling but will soon retest A horizontal support level Of 5045.38 from where we Will be expecting a local Bullish rebound !
Pair : SPX500 Index Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame
For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor...
SPX500 at has reached at resistance level according to weekly chart..The next step is to look for sell entry and observe risk management.
This index continues its upward trend and the ceiling of 48,000 will be broken The price has made its protected floor by hitting its local support and is doing fractal behavior to break the price ceiling. I watch the market Not financial advice
Pair : SPX500 Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line Break of Structure RSI - Divergence Impulse Correction Impulse
SPX500 went up and Retested the horizontal Resistance of 5147.42 From where we are already Seeing a move down So I think that we will See a further move down !
After good economic projections in the FOMC. Looking for continued upside on the SPY. A dip to 518.38 area would be a good place to buy, with initial TP at 525 and final TP at 530.
SPX500 went up today And has almost reached A horizontal resistance level Of 5183 from where We will be expecting A local bearish reaction !
The S&P 500 is showing signs that the uptrend is becoming fragile. As you can see there is a very clear rising wedge pattern developing on the daily chart this is a classic bearish reversal pattern and it indicates a shift in supply and demand from bullish to bearish as the buyers can no longer keep prices propped up. This pattern is not confirmed yet as it has...
The index has hit its dynamic resistance once again. As you can see, this resistance has been able to stop the growth of the index several times and cause the correction of the index. Now you have to wait for the trigger line to break
Looking for a pull back and rejection with a 4 h close or a 4h close above structure and blue zone to look for buys and new highs
SPX500 keeps falling down And SPX500 is now locally Oversold so I think that After the price hits The horizontal support Below at 4940 we will See a local bullish correction!
Pair : SPX500 Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line Break of Structure RSI - Divergence Impulse Correction Impulse
Depend on FB Levels the current area is critical area that mean the price may change price movements to other direction , Pls follow me to get my price analysis notifications
SPX500 was trading in a Bullish flag pattern and now We are seeing a bullish breakout So we are bullish biased Now and we will be expecting A further move up !
SPX FEB WEEK 5 OUTLOOK - Daily - no doubt we have been super bullish here on SPX for last few week going back to December. but it's around the seasonality cycle and on daily TF that it looks in need of a pullback. Origin - 2 scenarios become apparent when we drop down to origin. 1. a small pull to the zone** 5065.01 - 5027.94** and hold above it. if that happens...