More the 1% gain brings bulls back party but they may not fully controlled until we close above 50 EMA 5150 levels Hourly changed to up today but daily trend is still down. Day price closed just above 20 EMA and touched 50 EMA today which is positive. now 5040 may act good support and 5100 is good resistance. Most earning are good side but Tesla as worse the...
The CBOE:SPX seems like it won't be held down! Look at the pattern in the circles and then look for the potential path going forward. I don't even want to draw anything else
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...
Adding NASDAQ:OM here at a discounted price. I believe in #MANTRA team. Buying every dip of NASDAQ:OM as it will outperform in upcoming days. So many developments are ongoing. Something big is coming!!
- Daily FVG is where I'm hoping to find a 1hr CHOCH to enter sells. - Only entering when I see a confirmation
Please pay special attention to the very accurate trend, and colored levels. Be careful BEST MT
Follow-up to my previous 5137 Top Call (click). Markets appear to be retracing finally. This could be just the start of correction. Minimum next leg depicted goes to 4900-ish. $ 5109-5137 is major resistance that may be retested. $ 5044-5049 a minor support that will hopefully bounce. $ 4896-4924 is next major support and BEST GUESS...
According to the current data, we expect to see a rebound that could reach up to a price level of 5143.
everything in order, harmonic impulses, fibonacci levels in the norm with support in the 4816 area, which falls both in the 038.2/0.5 fibonacci area and in the POC. where last time he found support to restart. minimum price target 5600 obtained with fibonacci reversal up to 6165 as maximum target, the shadow of the candles is a retracement of the last bullish...
Yesterday market had a positive day after closing six consecutive down sessions. If traders can keep above yesterday's Close, we could see a positive session as well today. Level to watch: 5066 --- 5064 Reports to watch: PMI Composite Flash 9:45 AM EST New Home Sales 10:00 AM EST
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
I'm keeping a close eye on the S&P 500, and my Elliott Wave analysis suggests that the index could be gearing up for a significant move upwards. After completing a corrective pattern, which I've identified as Wave (4) on my chart, it looks like the stage is set for Wave (5) to unfold. This next wave is anticipated to carry the index higher, potentially targeting...
Momentum Regimes: Indices Ascertain which phase an index may be in, as per the momentum regimes. Ranked from overbought to oversold.
S&P500 is bearish on its 1D technical outlook (RSI = 37.601, MACD = -44.800, ADX = 58.528) as it touched the 1D MA100 on Friday after more than 5 months. This calls for a short term rebound at least as every previous corrective wave inside the multi month Channel Up that approached the 1D MA100, it rebounded to at least the 0.618 Fibonacci level. Following our...
In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks. in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9% As we can see on the chart the index...
I am expecting an initial rejection of this bull channel from Oct lows (also aligns with the EWT count for a marginal lower low) but once SPX convincingly closes above this channel - we are going to ATH's in my opinion. NTA.
SPX500 Indexes bouncing after the crash low. But here is a pattern we have seen many times. It is the very lucrative 3 wave corrective pattern where the third wave is the cause building Wyckoff "Creek." Most of the examples we have looked at have been in bullish phases and so we have seen a bullish Creek. But here this is a bearish phase and so this is a...
Everywhere I look I'm seeing talk of a "new bull market" But I don't think this is a new bull market I think we are getting a visit from a distant relative: Ole' Cousin Bear Market Rally Why do I think this? Well, typical of "family", the members within share common attributes In the next post we will talk about what some of those common attributes are in detail