Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. My Main scenario that we forming leading diagonal, where right now we're in wave of iv, after that i will wait final upward movement in zone 4200-4300 before starting correction. Good luck everyone! Follow...
daily bull div. lot of whispers of recession and what not. idk this looks bullish af to me and daily bullish divs. up we go
The SP500 is not in a down trend no more. $5200 TARGET There is not much to say. You can comment about your recession what ever. But price action is king. Price action tells me we going to $5200 and that is the probability we are playing.
SPX Personal Notes - Jan. 23rd, 2023 - Feb. 10th, 2023. Trend broke bearish channel, short analysis of what I'd be looking for in the next immediate days. The levels and zones should be fairly easy to follow, the blue drawings are from the weekly timeframe and above, the yellow are from any shorter timeframes. SPX was following a bearish channel that is labeled...
$SPX weekly is showing bullish signs. $AMZN $AAPL $GOOG $GOOGL good earnings can boost the market further.
It seems like it's following the same pattern as the past two rallies. If you look closely, each time it rallied, the volume was declining and same is happening with the current rally as well. The first rally hit the bottom trendline in 36 days, the second rally hit the bottom trendline in 18 days (in exactly half the amount of days it took the first one to touch...
S&P500 Final Parabolic leg up before the real 80% crash starts Bouncing of the 200 week moving average around 3500
A small follow up for the bullish case of the SPX: We're still in the resistance zone, located below the resistance line of the bigger falling channel we're in. Now we've seen the first rejection of the upper part of the resistance zone, however, we just shot right back in. That is still bullish. Right now, the bullish case for the SPX is still in play, and im...
After a sloppy last few weeks of trading to wrap up the year-end 22', SPY closed right around the (Q4/22') SPX JPM J.P. Morgan Quarterly Collar sitting right at $3,830. Looking ahead to the month of January, we have lots of upcoming data including December Inflation CPI, Jobs Report(s)/Unemployment Data (UNRATE), Producer Price Index (PPIACO), Leading Economic...
Next Support Level - Confirmed - Day 2 In our trading plans published on Monday, 12/19, we stated: "...the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while the index is trading within the broader 3810-3830 range on a daily close basis. If you are short, you might want to take profits...
This idea is based on the analysis of the 200 day moving average breadth data for the SPX. Every time since 2007, when market breadth broke out of a downwards moving channel this was an excellent buying signal for the SPX. This signal can be seen as a confirmation for the end of the downwards correction and/or bear market. We recently had such a signal on Oct 24th!.
$SPX (SP500) - UPDATE 4H - CPI LEAKED? Does someone know something...? A quick +1% move this evening with #CPI Data dropping tomorrow. Suspicious 🤔 We just follow the charts. Break-out of this diagonal resistance line, $4050 next. #SP500
SP500 potentially creating a falling wedge reversal pattern on the daily timeframe . Caution is advised as there is still some potential to the downside towards strong support around 430 range. Looking for a double bottom reversal pattern above 420-430 and bounce above the 200MA then move back towards the ATH . If it breaks below previous low approx 420 range the...
Fed Pivot Hope Turning Into a Bull Trap Nightmare? Day 2 In our trading plans published post-NFP on Fri., 12/02, we wrote: "After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an...
$SPX regain its upward posture this week, bouncing off its rising 10-day moving average with a gain of+1.5% for the week. Aside from the seasonality factor, the upside bias was fueled by better than expected earnings reports from retail issues like Best Buy ($BBY) and Abercrombie & Fitch ($ANF), along with some names from the tech space like Analog Devices ($ADI)...
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SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% SPX, 40% Cash. **Happy Thanksgiving. Thank you for reading, I hope I've helped you navigate the markets in 2022. Through helping you, it has helped me develop a better understanding of what moves markets and I'm grateful.** *Tomorrow is a short day for trading with US stock...
Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on the S&P500. I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse...