Today, as a good Friday of results, the US market started upwards with the expectations of the 7 majors providing bullish joy in its premarket, despite the fact that important companies such as Intel or Hertz are not giving good data in their quarterly report. Mostly technology and services stocks have had mixed results, but the Oil & Gas sector has been...
Spx now is at 5153 it could continue to go up till zone B ( 5202-5221) then continue to fall to zone c For short entries wait until reach zone B Trade is activated If SPX continues to raise 5240 This trade is canceled Hope you all get rich soon
Take a look at our analysis for US500. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 5039.2. Considering the today's price action, probabilities will be high to see a movement to 5120.2. P.S We determine oversold/overbought condition with RSI...
The S&P500 is approaching the 1D MA50 (red trend-line) to test it as a Resistance for the first time after the April 15 bearish break-out. It has already broken above the Bearish Megaphone, the 4H RSI has formed a Channel Up similar to the price action's and so far this sequence of events is fairly identical to the previous correction of August 2023. That...
S&P 500 Rebounds after Negative GDP News Data released yesterday showed US GDP growth slowed to 1.6% in the first quarter of the year. According to ForexFactory: forecast = 2.2%, past value = 2.4%. Reaction to the news sent the S&P 500 mini stock index (US SPX 500 mini on FXOpen) sharply lower as market participants may fear a period of stagflation — a period...
Higher timeframe bullish And price breaking out the cloud on H4
Hi Traders. Using different TA such as Fibs, channels, and EW, I show where the SPX could test the bear trend upper trendline tomorrow especially if we get cooler inflation with the PCE.
We are flagging out at the moment on spx/spy. Target is 480 old ATH that was never S/R flipped or back tested. This would also give us a bull div on the daily for the next leg up to 5500-5600 spx
VIX Keltner and regression channels, along with VIX/VIX3M and the trend index of VIX and the S&P indicate we've reached a local low. TVC:VIX SP:SPX CBOE:VIX3M
Expecting the rate cut is delayed until next year (until some bad eco news), so Nov and Dec time market would be expecting huge cut with huge upward movement expected.
On 4 h scale Head n Shoulder pattern appearing ; however, I do not see any divergence on RSI. Therefore, it is not likely to reverse; But anyway I wanted to show Head and shoulder pattern therefore, I have drawn the pattern and mentioned the entry, Stop loss and TP, but not going to take the SHORT trade. Just sharing for education purpose.
Sell In May may be in fashion this year. 4400 in sight. right at TL, right at 50% retrace, like machines were guiding it, or AI?
Sp500 bounced from the trendline set april 10th also hit the 0.618 fib, now it will probably retrace to the 0.618 fib set from previous ath the current low.
Balancing after a large move is normal we had 3 rotations down, tail and V reversal - possible end to big move anything can happen next, so don't assume things where are we in the days range? where are we in the 8 day range? how are other markets doing?
So the chart posted is that of the spx cash , We peaked right into the min fib target of 5088 and we have now dropped in what is so far a 3 wave drop ?? if we hold this would be labeled a wave B low and we would see a move above 5088 likely target is 5109 in a abc flat. See p/c model calling for another sharp up move . Best of trades WAVETIMER
Tomorrow 04/25 14:30 USD Continuing Jobless Claims 1,810K 1,812K 14:30 USD GDP (QoQ) (Q1) 2.5% 3.4% 14:30 USD GDP Price Index (QoQ) (Q1) 3.0% 1.7% 14:30 USD Goods Trade Balance (Mar) -91.10B -91.84B 14:30 USD Initial Jobless Claims 214K 212K In case of the above mentioned data signaling no cool-down in the inflation pressure I...
Here on the CAPITALCOM:US500 We have a steamy hot Inverted Cup With Handle. Playing this chart pattern alone from an intraday perspective we can assume a higher low bottom near the support line and reversal higher to grab liquidity at or near to 5210+ Anything below support and this pattern fails.
Hi traders, There is a possible short-term downwards movement on SPX to touch 4280 area which served as a consolidation area in prior days.