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 :)
Around 4800 I said I thought if there's a spike out before a bear move it's likely to go to around 5200. We've traded a little over that, had a strong sell off from just above it and now we're retesting it. If the original thesis proves to be correct, 5200 area will be an important high and we'll see a stronger rejection on the retest. Here's an Elliot wave...
Not even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation. Here are the fib levels for your consideration. Notice price approaches the top Bolly Band. Not a lot of room left to squeeze but it could pump higher. Not overbought yet. Short when it gets there. Bewary.
Good evening to all, after a wave A is followed by B which is developing, and can reach the reverse of A measured as AND 88.6% fibonatsi, that is 5200 to 5230 then we have a wave C which can reach from 4913 to 4765 and maybe even lower.
SPx New Forecast The price reversed and stabilized at the bullish zone because already at the pivot line which is 5120, so stability at this area means will continue the bullish trend to get 5177 and then will move between 5177 and 5120 till breaking should stable under the pivot zone which is between 5120 and 5103 to be downtrend till 5080 Pivot Line:...
Markets tried to stay on a positive side after the FOMC meeting, however, the April`s job report was the one that saved the market optimism during the previous week. Although the Fed noted that the first rate cut will occur when data clearly show that the inflation is on a clear road toward the 2.0% target, a much softer than expected jobs report was the one that...
SPX500 went down sharply And the SPX is locally oversold So as we are already seeing a Bullish rebound from the Horizontal support level of 5015 A further move up is to be expected !
The price is currently following a bearish trajectory, targeting a level of 4997. It is essential for the price to close a 4-hour candle below this level to continue the downtrend towards 4953. Stabilizing the price below 5054 will reinforce the bearish trend, potentially leading to price levels of 5021 and then 4997. Therefore, the expected range of movement...
S&P500 has turned bullish on the 1D timeframe (RSI = 58.980, MACD = 2.870, ADX = 28.757) as today it is trading and will most likely close over the 1D MA50 for the third day in a row. Having crossed over the LH, the index has invalidated the bearish sentiment of April and a new Channel up is emerging. If it capitalizes on the 1D MACD Bullish Cross, we expect the...
Last Friday, the SPX gapped up at the open and temporarily broke above the 50-day SMA during the trading session. Finally, yesterday, the SPX managed to close above this line of resistance, which is a positive development. However, a failure of the price to defend the ground above this level, now acting as support, for multiple consecutive days will be concerning....
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...
Hello everyone, as title says, today I would like to speak about the S&P500 and its market valuation in the current economic environment. Since I prefer to study and analyze markets on higher time frames rather than day-to-day, this Case Study is based on quarter outlook (3M chart), to capture most of the available information using metrics that have...
While we await earnings from Nvidia (on 22 May) that will be influential on future market direction, we move into the tail-end of US quarterly earnings, but also past a dovish Fed meeting, a strong US ECI report and weaker-than-expected US nonfarm payrolls and 2 hefty bouts of MoF/BoJ intervention. Yet, despite these landmines, a gentle calm descends over...
ANALYSIS ON FED STANCE Powell has consistently indicated that interest rate decisions would hinge on economic data, a stance reaffirmed by the unchanged rates in the latest policy announcement. Despite the Fed's clarification that rate cuts are unlikely until there is more certainty that inflation is consistently heading towards the 2% target, some still question...
Today we woke up with a SP Futures Market down on Fed day. The previous days the market was trading in a narrow range, yesterday we saw it crashing down anticipating the Fed day today, and this morning it took another dent until the level reached what we can see in the chart, a touch over the 100 ma support. Keep in mind that after hitting the ATH recently, it...
SPx New Forecast the price reached our target as we mentioned in the previous idea. Now, it still has a bullish trend to reach 5224 from the pivot line which is 5177, so otherwise, it should break 5177 by closing 4h candle under it to get 5150 and 5120 Pivot Line: 5177 Resistance Levels: 5202, 5224, 5249 Support Levels: 5153, 5120, 5103 Today’s expected...
Spx New Forecast the price reached our target as we mentioned in the previous idea. Now, it still has a bullish trend to reach 5224 from the pivot line which is 5177, so otherwise, it should break 5177 by closing 4h candle under it to get 5150 and 5120 Pivot Line: 5177 Resistance Levels: 5202, 5224, 5249 Support Levels: 5153, 5120, 5103 Today’s expected...
SPX500 As we looked at, this wedge shaped fractal looked very weak as soon as it started to grind upward from the second bounce. Now it has slumped down below the lower wedge trendline and that is quite a bearish look down there. From here there will be a lot of resistance above and its now unlikely that it can reach the upper trendline again without first...