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
Ok we are nearing the top floor of this trip Our trip down will be a little more "hurried" than our trip up Buckle Up! P.S. if you don't like to ride the elevator down then there is another one about to head up over on TLT :)
Developed in the 1930s by Ralph Nelson Elliott, Elliott Wave Theory proposes that markets unfold in a series of five-wave impulses followed by three-wave corrections. These "waves" represent the collective emotions of investors, shifting from optimism and bullishness (impulsive waves) to fear and bearishness (corrective waves). The Anatomy of a Wave: Impulse...
This will be our final public post The collapse of modern society and capitalism has begun We must focus on preparation May you all be safe
Now that the long time SPY target of $524 is booked and holding, I'm setting sights on the downside (again). Maybe this time it'll stick. This is done with my dowsing and is more of a journal to see what works or doesn't and how long things take. Back on 3/12 I did a reading asking when the market will start a move to the downside. At that time, I got the date...
SP 500 SP 500 Trade setup on broad market weakness. Stay hold below pre-market resistant. So ideally wait to see break down pre-market support. retrace and continue downside.
Normally don't use exponential moving averages but assuming the past holds true this might work. Granted, the interest rate/inflationary/political climate is much different now than in 2021 so price action may not act the same but all else held constant I think we could possibly bounce off this level.
04.22.2024 Next trade executed. 304 DTE. This trade is something that has back tested remarkably well and is ready for first live deployment. Trade construct is a balanced butterfly structure with synthetic longs. A synthetic long using options consists of selling a deep ITM put, and simultaneously buying a far OTM call at the same strike. Short Strikes...
Here are the actual #'s for you to see the 2024 Wall Street analysts forecasts on the chart. Once those are charted in the black rectangles at the year-end price targets, we can see where there are concentrations of estimates and where investors might pause and sell as the target has been reached for the year. And then I added in the 9% and 10% green lines to...
Been tracking this one for weeks now as we've formed a bottom and reclaimed support. We think across markets, we're seeing a macro shift away from speculative tech and towards value. TVC:SXXP (European SPX) could be forming a bottom vs SPX as well. What this over performance could look like remains to be seen. Could be more defensive in a downward move or if...
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...
The daily SPX500 looks oversold at current levels. This may cue the short-term trades to position themselves bullishly as the daily RSI normalizes. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex...
The downward trend for the S&P is picking up speed. We'd like to emphasize the significance of the resistance line we mentioned a few weeks ago. We cautioned about the combination of this resistance line and the divergence of the daily RSI, signalling potential trouble for the market. As anticipated, the market has indeed sold off. Initial support rests at the...