SPX flat correction and we completing the C-Wave now of B-Wave! That is all I can make of this rally for now.............................. Looks super legit for now, lets see how it plays out into 2024!!!!!!
Price has been consolidating at a major Resistance level where price has dropped dramatically in the past. Short positions between 4600-4630 zone. Targets @ 4395 & 4330 Confluences: Consolidation under Resistance, Hanging Man candle on the weekly timeframe hinting at signs that buyers are losing steam, evidence of Divergence, 50MA and 200MA are at the .50 and .382...
✺ End of Bulls rally after the most successful trading day since April. ✺ The possibility of the Goldilocks scenario - is it on the horizon? ✓ PPI data has been reported today. Key fact: "Firms no longer optimistic" BLACKBULL:SPX500 After the longest period of growth in 2024, the market closed at -0.41 rate, putting the end to the robust bulls rally since the...
SPX500 will soon hit A horizontal resistance Level of 4591.26 and After the retest we will Be expecting a move down !
Hello everyone, SPx500 6H NEW FORECAST There is nothing new for the index price to provide repeated closings below the barrier represented by the level of 4635.00, which increases the chances of it renewing the bearish corrective attempts for the current period, which in turn may target the level of 4540.00, reaching additional stable support near 4500.00. ...
Hello everyone, SPx500 6H NEW FORECAST The index price returned to provide bearish corrective trades after touching the 4600 level, to be affected by the conflict of the main indicators, specifically with the Stochastic indicator falling again below the 80 level, which conflicts with the general stability within the upward path. The price may currently...
Hello everyone, SPx500 6H NEW FORECAST The index price began to receive additional positive momentum with the Stochastic indicator rushing again towards the 80 level, confirming the positive continuity previously suggested by its positioning at 4595.00. We expect the price to soon form new ascending waves to attack the recently achieved peak represented by the...
Hello everyone, SPx500 6H NEW FORECAST The price of the index is still affected by the negativity of the Stochastic indicator. We noticed its rebound yesterday after touching the 4588 level and presenting a sideways fluctuation near 4561. We would like to remind you of the importance of trading remaining above the additional support centered at 4500.00, to...
SPx New forecast The index price failed to breach the stable barrier at 4573 and lost positive momentum, forcing it to postpone the upward attack, forming a temporary negative bounce, and try to start a negative correction to reach 4518 and 4494 levels before any upward . Therefore the negative correction will be more likely during coming period ,to the price...
Hello everyone, The index price lost positive momentum when the Stochastic indicator exited the overbought level, forcing it to postpone the upward attack after achieving the 4561 level, forming a temporary negative bounce, thus settling near 4550. Corrective trading may extend towards the 4500 level, forming additional support, which increases the chances of the...
Hello everyone,The index price announced its adherence to the upward path by recently submitting multiple closings near the 4525.00 level, thus attempting to counter the attempt of the Stochastic indicator to exit the overbought level, as is evident in the attached drawing. We point out that the price is surrounded by several factors that support positive...
Hello everyone, Yesterday, the index price presented more sideways fluctuation by settling near 4525.00 without recording any new positive target, affected by the attempt of the Stochastic indicator to exit the overbought level. The price may be forced to form some bearish corrective waves, but repeated stability above the support levels represented by 4492 and...
In yesterday's trading, the index price touched the level of 4540.00 and then rebounded directly towards 4510.00, trying to catch its breath before resuming the main upward attack. The 4470.00 level continues to form additional support and the Stochastic indicator continues to fluctuate within the buying trend level. These factors support our bullish bias to...
The current market conditions have prompted a cautious outlook on the S&P index, with indications that there might be a potential downward movement. The levels to watch for a potential short trade have been identified, with a suggested entry point at 4438.9 and corresponding stop-loss and take-profit levels set at 4548.0 and 4438.9, respectively. However, it's...
Hello everyone, In yesterday's trading, the index price took advantage of repeated positive pressures to jump above the stable barrier at 4422, thus recording significant gains by rushing towards 4515 , thus achieving the previously suggested goals. The price is currently still under the positive influence of the Stochastic indicator positioning within the...
hello everyone,The index price repeatedly presented positive pressure on the stable barrier at 4422, with the aim of finding an outlet to resume the previously suggested upward attack. Currently, and with the main indicators of positive momentum presented, we advise waiting for the price to achieve the required breakthrough, to open the door to reaching additional...
SPx New forecast The index price fell in yesterday's trading and failed to resume the upward attack, forcing it to form a bearish corrective bounce, thus testing the initial support stable at 4353. Therefore the downtrend scenario will be more likely during coming period and targeting 4321 and extend 4300, taking into account that stabilized above 4370 will...
SPX500USD - Intraday Broken out of the wedge formation to the upside. The formation has a measured move target of 4540. Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias. Bespoke support is located at 4310. Reverse trend line support comes in at 4295. There is scope for mild buying at...