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...
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...
By examining the ES1! 4-hour chart (S&P), we can figure out that, the market structure is bearish, so we looking for a sell position. In that case, the price had a bearish reaction to all of the bearish Pd Array, so we can expect a bearish reaction on the balance price range (BPR). In my perspective, sell-side liquidity is a draw on liquidity. Until this...
The S&P futures is quite weak after strong USD retail sales data. This move opposes a rational reaction to data that came out better than forecasted by a good margin. The market is pulling back and continuing the bearish momentum from the previous week. This may have to do with the conflict between Israel and Iran, this retracement back down. Oil is pushing up and...
Two years after my last big short on SPX, the price has once again reached the top of the ascending channel. Based on this scenario , the expectation is that SPX will peak within the next two months , around early May 2024. Initial target 4,800, stretch 4,400 Incidentally, Bitcoin appears poised to surpass its 2021 all-time high, during which Bitcoin peaked...
SPX500 at has reached at resistance level according to weekly chart..The next step is to look for sell entry and observe risk management.
ES (US 500) Fibs, Hourly: ES is our main index that provides helps us determine trend. You will notice that this week had a change of character. The market had taken the stairs up, but is now taking the elevator down, with sharp moves coming in a few hours to the downside. Expect more of this. ES pattern at the top is more head and shoulders like. And, unlike YM,...
I think SP500 is on the way to perform a great drop. Looking on H4 timeframe we can see a clean break below main trendline and a retest of it. I think today we will see some volatility around the beginning of the NY Session. I expect a fake moves first to the upside to grab some liquity, next we should see a drop till support zone around $5130
Hello everyone, SPx500 4H NEW FORECAST The index price maintained its positive stability above the additional support centered at 5260 , achieving some gains by touching the level of 5270. General stability within the axes of the ascending channel, and by attempting to present the Stochastic indicator of positive momentum, this will increase the chances of...
Guys, using the maximum filter for 3 days - signals were sent that everyone had arrived) + news seen today that everyone is long on shares) will probably be damped soon There has never been a total overheating of such signals. SP:SPX TVC:SPX CBOE:SPX SPREADEX:SPX OANDA:SPX500USD AMEX:SPXL There is also a strong downward signal this week
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
Hello everyone, SPx500 4H NEW FORECAST The index price did not move anything until this morning's trading, as it was confined between the additional support centered at 5265, while the stability of the resistance of the ascending channel extending towards 5335 hinders the chances of recording any of the additional gains previously suggested. The above...
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 !
SPX500 went up today And has almost reached A horizontal resistance level Of 5183 from where We will be expecting A local bearish reaction !
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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...