I've been warning my dear followers and cryptocurrency lovers about the S&P 500 Index crash for a long time.
For conventional minds, it is really hard to grasp the fact that the SPX will crash massively and become ugly due to all the lies and hype spread through the conventional media news systems, but charts do not lie.
Reading charts is like looking at a...
Price recently failed to break VERY STRONG resistance once again, this can only mean bearish movement.
The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it.
We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump...
S&P 500 (SPX) has been maxed out for a while now, and I am quite bearish on this index as you might already know from my previous analyses.
The reason I am bearish is because of the signals that I getting from the above chart. So come and read these signals with me, and later share in the comments section and tell me what you think... Let's get started!
Last post: April 3rd 2019. See chart.
Review: Price had continued to move higher.
Update: Price has broken out again on a gap up suggesting further strength to the upside.
Conclusion: Price is approaching the previous ATH. A break and close above this major resistant will suggest a continuation of the bull trend.
Any comments or questions, do not hesitate...
I have previously wrote about the S&P500 and which level I anticipate it will reach and then fall from. The price is reaching this level and if you look at the chart, a bearish pinbar/gravestone doji (at the time of writing this) is forming perfectly on the weekly time frame in line with this level. Also look at the head and shoulders pattern forming. We all...
There could be serious trouble just around the corner for the S&P500 and Wall Street. Just don't be an 'April Fool*'. Watch the video.
*April fool is figurative language. I'm not describing anybody on Tradingview, or anywhere else.
Price is overall on an incredibly bullish move. So overall
opinion is a Buy. As price had made a series of new higher
highs and lower highs on smaller time frames we may see
price potentially have a correctional move a meet a
retracement level however only time will tell. However I'm
looking at price to touch around 2871 as that is price optimal
SPX is approaching its support at 2767(100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing low support) where price is expected to bounce up to its resistance at 2814 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce...
Last week we discussed the possibility of the market moving towards and breaking the 2800 level which would confirm a 100% retracement back from the recent move lower.
Scenario A: The Linear Regression is still showing a positive moving mean, which is encouraging for the SPX. In Scenario A, we could see the market continue to move towards it's mean, which also...
This region has already proved itself as reversal territiory. Everytime there has been an obvious bearish candlestick reversal with clear exhausted spinning top formations. With today's gap up and lack of momentum so far, might this be the sign of a corrective movement down?