Pattern: Bullish Megaphone on 4H. Signal: Buy as the price broke above the inner Lower Highs trend-line and is turning the 4H MA50 (blue trend-line) into Support. The RSI is on a Bullish Divergence. Target: 4,040 long-term (the 1.382 Fibonacci extension ). Previous S&P signal: ** Please support this idea with your likes and comments, it is the best way...
let's see, I hope the bulls come thru here because I am long and hurting a bit more than I'd care to admit. ;)
Pattern: Fibonacci Channel on 4H. Signal: Buy as the price made a bottoming Lower Lows sequence similar to that of January 29. Target: 4020 - 4050 (the zone around the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Fibonacci Channel on 4H. Signal: Buy as every time the MACD made a Bullish Cross, while the RSI had already hit its 4 month Support Zone, the index rose and made a new High. Last confirmation will be to close one session above the 4H MA50, which has previously been a mid-term Resistance within that Channel prior to a new High. Target: 4000 (just below...
Well, the chart speaks for it self. i Might have missed one or two :-).
Pattern: Channel Up on 1D. Signal: Buy as the MACD has formed a Bullish Cross last Thursday. Target: 4000 (short-term) and 4250 (medium-term). Most recent S&P500 idea: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up into a Bullish Megaphone. Signal: Buy either after a pull-back within the 0.382-0.618 Fibonacci is completed (because the 4H MACD is close to forming a Bearish Cross) or if the 3870 Resistance breaks first. Target: 3940 (top of the pattern). ** Please support this idea with your likes and comments, it is the best way to keep it relevant...
... most likely. Let's reason for a second. (Despite all the noise out there.) The title chart is the Monthly Gold/Copper Ratio, e.g. is very powerful. (It does not tend to turn on a dime!) This has just completed the month of Jan. 2021. 1) It has finished the month by completing a Bullish Hammer, bouncing off of the (very) round number / level of 500; 2) It...
Pattern: Channel Up on 4H. Signal: Buy as the price broke again below the 4H MA50, which has been a buy signal since November 19. Also the RSI is near its 3 month Support Zone. Potential bottom on the 4H MA200, so use two buy positions. Target: 3910 (the 1.618 Fibonacci extension assuming 3795 was the bottom. If the bottom is closer to the 4H MA200, the Fib...
Purely RSI and Fibonacci extension based analysis. As you see since the March bottom every Higher High is on a higher Fib extension (0.382, 0.618). Similarly, the Higher Lows have so far followed a 0.382, 0.5, 0.618 Fibonacci retracement sequence. The RSI is currently trading sideways since mid November. In the previous two Fib cycles, this RSI consolidation came...
Market will likely be focusing on the prospects for a bigger stimulus package after Friday’s employment report showed the U.S. economy shed jobs for the first time in eight months in December amid a resurgence of Covid-19 infections. A further snapshot of how the economy is performing will be presented with upcoming Friday’s release of data on inflation and retail...
Pattern: Channel Up on 1D. Signal: Buy (a) if the MACD makes a Bullish Cross (every prior 1D Bullish Cross has delivered an extreme rise), or (b) if the RSI approaches its Higher Lows trend-line. Target: (a) 3880, (b) 3800 ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
SPX continues to trade within the Channel Up that I previously spotted and right now the keys are a certain Fibonacci sequence as well as the MACD formation on the 4H time-frame. As you see the MACD is printing a similar formation with November 23 - 26. That was when S&P500 made its aggressive Bullish Leg from 3545 to 3655. It made its top on the -0.1 Fibonacci...
Pattern: Rising Wedge within Channel Up on 4H. Signal: Buy as the price found support on the 4H MA50, which has been holding since November 23. If the Rising Wedge breaks, buy near the Higher Low of the Channel Up. Target: 3720 (just below the -0.382 Fibonacci extension like every previous Higher High). ** Please support this idea with your likes and...
Pattern: Channel Up on 4H. Signal: (A) Buy either on the Channel's median or on the Higher Low trend-line or if the 3675 Resistace breaks first. (B) Sell below the 3545. Target: (A) 3670 (just below the Resistance). If 3675 breaks target 3710 (0.5 Fibonacci extension). (B) The 4H MA200 (orange trend-line). Previous S&P500 trade:
Pattern: Triangle on 4H. Signal: (A) Buy as long as the Higher Lows trend-line holds, (B) Sell if it breaks. Target: (A) 3595 (just below the Lower Highs), (B) 3485 (just above the 4H MA200). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...