PRICE has exceeded 2650 however currently at 2641 which is acceptable...( I cannot be 100%)
break below 2650-2640= 2600 or upto 2570, break below 2570= 2530-2500 support should hold...
Break below 2530-2500 expect lower prices back to 2460-2430 or 2420-2400.
upside resistance 2700-2715, break out above here then retest of 2753 or higher T2=2840-2890.
SPX500USD another 8% drop. The analysis shows that the third sequence of an increasing correction fractal is being built. It is therefore advisable to apply this rule. The target for the downward movement is 2348.2usd
Maybe too early to say, but one of the many possibilities we could see the S&P500 do over the next few weeks is a head and shoulders pattern. That might just send it back down to the $2200 level or even lower. Just a possibility. Nor long or short on this one.
Quick bites - Bearish Monthly wide range outside bar.
Weekly extreme wide range gap lower.
Friday daily bullish hammer-like candle/bullish harami.
High Friday close concocted in the last 30 minutes of trade = artificial?
Whether bullish or bearish the best outcome is that we get a small corrective bounce before extending lower.
Bullish scenario is...
SPX500USD Accumulation Range. In the coming days, I expect a little calming down, which is confirmed by the technical picture. The exchange rate may begin to build up an accumulation band. I note that we are also inside a fractal copy. The previous fractal also produced new falls from the accumulator bands. In my opinion, this will continue to be the case. I...
In this video I show you how I prepare and execute two trades, one on XAUUSD and the other on the SP500 and explain my trade tactics on both trades.
Furthermore I speak about having a clean and confidant mindset for trading
Thoughts on the S&P500
Looking at the Daily chart here it seems it went for a pull back and now it looking like it has hit the sellers "trap" (Order block) it looks like it has been rejecting today.. BUT if it goes past this it could hit the uptrend trendline and start building back....
DONALD TRUMP since he has became President gone up more than 50% now this...
SPX500USD long entry above 3235.9usd. Our movement of the exchange closely followed our analysis. The current analysis uses an ATR closing value strategy. The point of this is that I calculate both correction levels and target prices by defining the closing value of the D1ATR....