There is lot of predictions and discussions about S&P500, and which direction will go. H4 chart shows book example of Hammer Candle. Last green candle does not have enough momentum to move price higher. Then if you open long position you are in danger with you profit. Need to wait for strong momentum action. Let’s wait and see what will happen in the next couple...
Where is the S&P500 since my last chart back in mid Aug, link: - Weekly T.D. Sequentials landed a top at an Aggressive13. Commonly a Green9 signals that a price reversal is approaching next. However, around this time the restructuring of NAFTA with Mexico was announced to be completed/ almost completed which drove the market confidence further than expected....
This is unusual for us to analyse the S&P500 since our expertise is in the crypto space, but since the last S&P500 minor crash interfere with our bitcoin prediction, and ruined nearly two months of perfect accuracy( imgur.com ) we had to come and check how serious this really is. A another chart will be released soon of today's in the comments 16% explanation -...
Similar to NASDAQ, but it tends to make expanded flat corrections in my view.
I usually don't show what I am looking at on both sides of the trade, so I am going to start doing so in the future... Here is how I see SPX if there's a clean break above ATH and the bull run continues into the end of the year...
Got this on the 39 minute chart, the crazy part about this is that the price target measurement lines up perfectly with the established trend line, let's see what she ends up doing.
Let's look at a few things here - First: Based on the last down swing we have reached the 1.272 extension which, based off the patterns taught by Larry Pesavento, is a key extension for trend reversal (the other, 1.618 I have on the chart as well, as that'd be the next target if this one fails). Second: Volume is telling us a similar story, I added my relative...
Just posting this so I can refer back to it later. These are the extension targets for SPX based on the future price target projections pulled from the January 26th peak. The index broke out the descending triangle so at the point of the breakout I have the High to Low measurement in yellow, and the High Close to Low Close measurement in bright blue (with the...
S & P has sustained at 2695 levels for more than 8 days. It is sign that accumulation of volume is happening.
Price action for the S&P 500 from January 29, 2018 till present date has been captured in this analysis using a contracting triangle Elliott wave structure. The implication of this structure for the S&P 500 is that price should resume its bullish trend once a breakout occurs out of the triangle. Breakout point as used in this analysis is ~ $2718.51 The post...
Complex correction is coming to an end. Support is on the chart, and they are rising pitchfork
This is a re-post of a chart from one month ago after the dow dropped 700 points in one day. My extrapolation from that post compared this to 1987, in which there was a 2 year run up, and then a quick crash which erased 1 years worth of gains. While this 2018 crash appears to be slower in time than 1987's two month crash period, the charts nonetheless look the...
HERE'S THE GOLDEN RULE: * SELL when the price make a new "Lower HIGH" * BUY when the price make a new "Higher LOW" If you like my analysis, please don't forget to LIKE & FOLLOW! Free Tutorial on how to trade the AB=CD coming soon!
Looking at the monthly logarithmic chart of the S&P 500, this chart reflects what would happen if we had a repeat of 1987. Heading up to October 1987, there was a straight line run up of approximately 2 years, then a crash to the 0.5 Fib line quickly in 2 months, where the crash erased the gains of the prior 12 months. If we extrapolate the same scenario for the...
More of a forex and crypto guy but today the SP:SPX caught me eye for nice 2 month short to 2200. Ill update you guys as we go. If you would like a more in depth reasoning please feel free to leave a comment below.
Hi traders, i've been following this trend for a while, the pattern is still valid. D point as you can see here will be more preciese once we reach C point. Drive safe
Our preference: position bought above 2415,00 with targets at 2431,00 & 2436,00 in extension. Alternative scenario: in break of 2415,00, a continuation of the drop will be envisageable with 2410,00 & 2404,00 in line of sight. Comment: The RSI is mixed with a bullish bias.