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...
BUY/LONG ZONE (GREEN): $4531.84 - $4726.36
DO NOT TRADE/DNT ZONE (WHITE): $4380.94 - $4531.84
SELL/SHORT ZONE (RED): $4117.36 - $4380.94
Currently there is bullish momentum, as seen coming off the gap up from Monday close-Tuesday open, however; after this momentum upwards we have only seen price go sideways up to today. Price is resting inside a zone towards the...
SPX500 broke the support
Cluster of the rising and
Horizontal levels at 5018
And the breakout is confirmed
So I think that we will see
A further move down!
Similar to my analysis on PEPPERSTONE:NAS100 , I also anticipate a decline in the case of $CBOE:SPX.
The index attempted twice to remain above 5000 but failed, and it appears to be forming a double top in that area.
From a technical standpoint, the trend remains strongly bullish.
However, a drop below 4930-4950 would interrupt this aggressive uptrend and...
Weekly trend-line stretching back to November 2022, is being tested around the level of 5,000 which is also a "psychological barrier" for price action to proceed going higher.
A re-test of the breakout above the 4,800 level is expected in the near-term.
Chart is self-explanatory:
Confluences:
Deep Crab PRX
Top of the Parallel Channel
1.618 of the move from 4612 to 4100
Bear Div on RSI if We get a move down in coming weeks
SPX500 is trading in an
Uptrend along the rising
Support line from where
We are already seeing a
Bullish rebound so I think
That it will go higher still !
SPX will be the first update from TheTradersRoom.
SPX has hit its desired target we have called yesterday - 4904.50-4909.50
So I call it a perfect hit. Today's reversal came on a heavy selling, also got a black reversal daily closing SPX candle, which if not broken 1c above should mark at least a temporary top.
If the price did find its top, then tomorrow's open...
Pair : SPX500 Index
Description :
Rejecting from Resistance Level with Strong Divergence in RSI. Bullish Channel as an Corrective Pattern in Long Time Frame with the Rejection from Upper Trend Line. Completed " 12345 " Impulsive Waves
S&P 500 ; tracking that 08 dump - UPDATE
last update we breached the gates of mordor; then we seemingly have broken the dotcom crash fractal shape (by only a bit really). 08 needed a bit of an adjustment time wise (price points are exactly the same), but shes still in play. now do we break that one?
this is just FYI updated dump fractal tracking; lets see if she...
Whenever this occurs, it signals the bottom of the market.
In this weekly chart, the blue line represents the 50 Simple Moving Average (SMA) and the black line represents the 100 SMA. As we can see the 50 has inverted the 100. Whenever the 50 crosses below the 100 on the weekly chart and then price moves above the 50, the market doesn't set a new low until a new...
We are at a pivoting point in the markets, everything seems to be bullish and yet I have this bearish itch. Markets seem to be overpriced, notably the NQ. However the S&P500, has had a healthier correction and the continuation of its rally makes more sense.
Since both markets are highly correlated, it would be absurd to short the NQ while the S&P500 looks so...
Pair : SPX500 Index
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame. It has completed " 12345 " Impulsive Waves at Daily Resistance Level creating Double Top Pattern as Corrective Pattern in Short Time Frame. We have Strong Divergence and CHoCH
