Standard & Poor’s 500 is an American stock market index consisting of 500 large companies having common stock listed on the NYSE or NASDAQ and their market capitalizations. It captures approximately 80% coverage of available market capitalization. Because it includes both growth stocks and value stocks it is one of the most followed equity indices and is considered to be one of the best representations of the U.S. stock market and a trend indicator for the U.S. economy. S&P introduced its first index in 1923 and its present day form on March 4,1957. It was developed and continues to maintained by S&P Dow Jones Indices, a joint venture majority owned by McGraw Hill Financial.
ES Daily range update
Inside....2478.75///2471.50//2467.75 higher low
O1...2481.00 closing flag resolve/2465.50.air
O2...2484.50/2460.75 1st reversal
O3...2488.00/2456.50
O4....2491.75 next accelerator/2453.75 range bottom to lower
ES Weekly noting upper regression 2484.25 a tough nut to hold/2463 momentum loss
No need to be long on the comment... it's a clear three uncorelated signal here... so very low risk entry point to play these two corrective waves.
We've got both Sinewave & Momentum indicators giving signals and they're doing it on a precise price target projected from the major Elliott count.
At this point any support breakout is a confirmation. The stoploss ...
Today's surprising rally that followed the weekend with what headlines tried to explain as Korea's redemption and "less expensive" damages from Irma !
Well.. call it however you want to me it fits in two words > stop hunting ! This might be the only actual fuel to this unexepecter price surge that came out of nowhere.
Anyway the right question to ask yourself is ...
This is based on the Nikkei 225 price action from late 1987 to 1990. The existing action fits well, we are now at early November 1989.
This chart presumes one more fast ramp by SPX to 2620, then a sharp 18% fall wiping out all the Trump gains. This would be followed by a 50% rebound, and then further falls into the next few years, eventually reaching the 2007 ...
SP500 small weakness today
which should take him in the next few hours in area 2467
There they will decide whether to bounce or start the descent for zone 2458
Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?!
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming ...
Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming for ...
Since 5-6 weeks I became a great fan of Elliott Waves theory.
However i'm pritty new in this. So I would appreciate ctiticism.
Roman digits denote the biggest impulse pattern i've identified( i do not claim i've used the right degree here) The expected end of wave Vth around 2400 is borrowed by AnilMangal.
However we nver know whether the Vth wave is not ...
I analyzed several varieties before, when this is the case is a very good chance, but now, Trump won the U.S. presidential election, the market is generally bearish, but I still want to say, not because of the news market trend reversal, this situation is very rare, P was at a high level ah, why do you want to do? Profit and loss ratio is very cost-effective, come ...
