An updated bullish count showing impulse wave 3 of 3 of 5 complete and wave 4 of 3 of 5 in progress. If this is correct, then wave 4 is looking like a zigzag, and I anticipate the (A) wave to complete between 4834.76 and 4929.37 before the bounce of the (B) wave starts. 5264.85 will likely be the top for the next several months.
Hi Traders !
Previously, The SPX500 Price Formed a Bearish Double TOP Pattern.
Currently, The Price Broke The Support Level (5081.27 - 5051.43).
This Key Level Becomes a New Resistance Level !
So, I Expect a Bearish Move 📉.
TARGET: 4976.00🎯
SPX in this down turn has steepened the retracement. Does this look like a strong pull back to 4800?
After it goes thru the VP crevice, will it see more buying at 4800?
This Volume Profile crevice is 4800-5000
The move Down thru the Crevice will likely be faster than the ascent. If it doesn't hold here then 4600 area is even stronger support at the edge of the...
5000 spx is currently holding like a champ. We successfully retested B leg of the previous bearish cypher. Stochastic rsi oversold. I did add to my position today. Not trading or financial advice. Do your own due diligence. I might add some more charts to this during futures sessio
A correction is coming soon. Maybe started this week. How low will it go? Nobody knows.
So many Bearish Posts. Permabears predicting cataclysm. The End is Near!
Doomsayers who repeatedly forecast massive crashes will eventually be right, once every 15-20 years.
Almost always these guys are just plain wrong. Markets exist to print money. Money prints when...
Inflation still high
Index at maximum price and high P/E
Big investors who don't usually sell are selling (James Dimon, Zuckerberg, Bezos)
Greedy market
Inversion in the yield curve
Leading Economic Index signaling crisis
We are 5 months going only up and strong. I'm out of the stock market for now, waiting a correction at least at the 0.382 fib...
This has been a very contained back and forth 20 plus days long range. This range also has had a decreasing daily range also until late this week. I will be watching for a break of this general area, This to me is the turning point to a larger retrace or a move back up traveling the entire range to the ATH area. Step back and ask, this coming week who is winning...
Hi friends, mates and Trading community so here i want to share my analysis on sp500 With the economic results, the time is right to enter S&P 500 buy deals for the next two weeks
If it is to continue doing so, which I believe it will, then the correction is over, and the bottom is in before 5000.
on the one hour chart we are seeing bullish divergence on the RSI, which has marked prior bottoms.
I wouldn't be surprised if today was bottom.
Trading Setup:
There is a Trading Signal to Sell in SPX500 (4h)
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 5170.0
⭕️SL @ 5257.0
🔵TP1 @ 4871.0
🔵TP2 @ 4700.0
🔵TP3 @ 4550.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning...
This is what the range looks like to me. Have fun out there if you're still alive trading.
Somehow the market keeps traders in the middle.
We press on to new highs 4500 first target and 5175 is the second.
This Analysis is not space/time oriented only valuation
The S&P is a float-weighted index, meaning the market capitalizations of the companies in the...
