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Pre-Market Open Technical Analysis
Live day trading during the market open. Will review any and all charts! (a symbol AND a timeframe is the standard) Any and all questions or comments are welcomed and appreciated. *Trades are for educational purposes only and should not be followed*
The S&P500 (SPX) hit today the 4H MA50 (blue trend-line) again and the Higher Lows since the March 13 bottom. That was a bottom on the 5-month Channel Up and the best buy opportunity on a 1 month time-frame.
With the 4H RSI sequence similar to the Higher Lows of the previous bullish leg in late December/ early January, we see SPX attempting to price the new Low....
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Hi traders,
I'm sure everyone who watches markets has made some kind of chart like this over the past six months, but I thought I'd share for those of us more comfortable with reading price action rather than economic reports or the news (obviously one needs both to be a truly excellent trader or analyst).
I marked off with the pink vertical lines every low...
Note !
The KST Indicator on the S+P 500 Daily Chart,
has formed a "bullish double bottom", (See Attached Chart)
and this morning has just "crossed perceptively ABOVE
" its declining trend line" at 26.31, Last at 26.55,
potentially signifying a "confirmed " bullish short term reversal in the market.
After yesterdays Fed interest rate announcement,
stocks dropped...
Hello traders! In previous posts we explained how we believed the last leg up from October's low in the SP to be a primary corrective wave (B) to the upside on overconfidence about the soft landing narrative and FED policies. You can see from this daily chart how low were volumes during this last period.
We were expecting the target of this upside movement to be...
Collateral Damage or Covert Help?
(after being stuck in an indeterminate state, our models are out today with their trading plans for the day)
The banking meltdown seems to be the collateral damage from the Fed's battle with inflation. Chair Powell tried his best to be balanced in his press conference post-FOMC yesterday, trying to indicate his preparedness to...
Pair : SPX500 Index
Description :
Break of Structure
Rising Wedge as an Corrective Pattern in STF and LTF with the Breakout of LTL and Retracement
Divergence
Impulse Correction Impulse
Bullish Channel
Consolidation
Completed " ABC " Corrective Wave
SPx
STABILIZING ABOVE 3968 will be bullish to get 4010 and above it 4040
but stabilizing under 3946 will be bearish
Pivot Price: 3968
Support prices: 3946 & 3920
Resistance prices: 4007 & 4040 & 4058
Good morning and welcome to episode 811 of ‘Talking Bull’. Latest headlines today, Fed hikes 25 basis points,
Rate forecasts little changed,
Powell wary over credit tightening,
Dollar slides amid lower yields,
Bank of England & SNB decision
Hello & welcome to this analysis
S&P on the eve of FOMC meet is at the slanting trendline with a diagonal ripe for a pullback/reversal
4017 needs to be breached on the upside
3950 if broken then more downside coming
Traders! S&P 500 repeats its history as it completed 2 green cycles of 12.5% before the red cycle. Similarly, it completed 2 green cycles of 19.5% so be prepared for the red cycle. MACD also looks bearish.
Keep in mind inflation and DXY.
ENJOY😊
• The SPX did a top sign yesterday, just after it hit its resistance at the purple trend line, which is connecting the previous tops;
• What’s more, the index lost the 21 ema. It seems Futures are stabilizing, but the situation is still problematic;
• In theory, if we don’t see a very strong bullish reaction, as soon as possible, the index would just keep...
