3 Day MACD signal is still red, means market is still not full on bullish yet. Risk needs to be in your sideview mirror. Index is at key juncture, 4580 is hard resistance. If it holds above, we will see short squeeze to 4660. breakdown level is down to 4550 and then 4470 and 4240. another scenario is grind here while money flows into growth names. ...
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My posts keep getting banned for linking to twitter content so I'll keep this brief. Keep an eye on the vix after open today. Any sustained move up over 40 is likely to cause big moves down > -6% This is likely where the market could enter negative VEX. most notable -VEX were the corona crash and in late 2008 I don't have the tool programmed to view...
In this update we review the recent price action in the SP500 and identify the next high probability trading opportunity and price objectives to target.
ES formed a nasty looking bear flag tonight which is currently in play. Expecting to hit 4050 or lower tomorrow. Stay frosty!
The price ends the size of the corona crash upward That BIG AB = CD and moving down big can start from here easily
Hello, Good evening, and god bless our fellow humans in Ukraine. The SP500 is behaving similar to this orange harmonic pattern which is projecting significant influence over our movements. Good Luck, God Speed, Love & Light.
I honestly don't know why I post these charts. Other than keeping a record of my own progress. I've been on tradingview for a couple years now. Anyway. Target is the green line. It's been the target for a long time. Just look back on my charts. I even called the USoil @ $12 Who fn cares.
Let's have a look now at the S&P 500 Index (SPX). Let's start by looking at the daily chart, things are no good: Here we can appreciate a TOP pattern formation showing up (in yellow). The SPX closed below EMA50 daily and is now trying EMA100 (4572) as support. We have bearish indicators and lots of room for lower prices... Let's go to the weekly now. -- The...
This has been forming for awhile and just broke down. Posted AAPL MSFT earlier with a guide on those. 4073 is next price target from here.
The Ukraine – Russia situation still dominates the the S&P 500 market as demonstrated by the lower price action on Wednesday. Although the market is reaching levels that technically could be a level of support, it would be very difficult to imagine the market rallying or going higher from these levels without some solidification of the Ukraine – Russia situation.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Trade well & Good luck guys.
Correction Might be Near Its End But the market must hold 4100-4150 level or this scenario is invalid
monthly macd is about to confirm a bearish cross not a good sign for the bull bros. --- here's a few key levels to keep an eye on. --- how low this goes, nobody knows. but, one thing is certain with everything happening in the world, cash is 👑.
It seems highly probable that we are going to revert to the mean of the linear trend. For a while there we jumped out of a linear trend into an unsustainable exponential growth function caused by the fed money party. Now that the fed money party is threatening to blow us all up (see crazy inflation) the fed is forced to claw back the stimulus money. This might...
Un real this new indicator has been absolutely amazing, locking in maximum gains day after day. I try to post them here before they happen but it is hard to get them out to you in time and still trade them. I will try, or come check us out.
morning i'll be totally honest, es does not look healthy. it's dangling off the 55 weekly ema, nasdaq is below the 55 weekly ema no real reaction, no absorption, nothing really. ---- here's the thing though, from the second of february es put in 5 waves down so by the textbook, it is required to correct this 5 wave move but since the market is lacking...
If S&P 500 closes below support level of 4291.25, which has held since July of 2021, then that would be confirmation of the following idea. The S&P 500 is likely headed to 4118 or 3990.5, which are the fib extensions of the downtrend which began on Jan 4, 2022, marked as point A on the chart. Points A, B, and C on the chart were used to create a "Trend-based...