Hello fellow traders, Looking at the S&P 500 on the 30-minute timeframe, I've identified an intriguing Elliott Wave pattern suggesting a potential decline. The recent price action has completed a full impulse cycle (waves 1 through 5), followed by a corrective wave (a) and a smaller rally for wave (b). Currently, we seem to be at the beginning of wave (c), which...
Understanding the Interplay Between S&P 500, Core CPI, and the Non-Manufacturing Index The world of finance is a complex web of interconnected factors, where seemingly disparate indices can influence one another in unexpected ways. Among these, the S&P 500 , Core CPI ( Personal Consumption Expenditures Price Index ), and the Non-Manufacturing Index stand...
The S&P 500 (US500) is rising towards the pivot. Could this index potentially reverse off this level to drop towards the 1st support? Pivot: 5,119.91 1st Support: 5,014.00 1st Resistance: 5,167.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Please, check our technical outlook for SPX500USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 5078.5. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price...
Colleagues, in the coming trading week I expect the uptrend to continue after the formation of corrective wave “2”, which I expect in the area of 50% Fibonacci level 5025. After that I expect the beginning of the formation of wave “3”, with the aim to reach 100% of the Fibonacci extension level 5209. Manage your capital correctly and competently! Only enter...
Here is our detailed technical review for SPX500. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 5052.7. Taking into consideration the structure & trend analysis, I believe that the market will reach 5149.4 level soon. P.S The term oversold refers to a...
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...
Follow-up to my previous 5137 Top Call (click). Markets appear to be retracing finally. This could be just the start of correction. Minimum next leg depicted goes to 4900-ish. $ 5109-5137 is major resistance that may be retested. $ 5044-5049 a minor support that will hopefully bounce. $ 4896-4924 is next major support and BEST GUESS...
Seems like we can go either way, lets find out tomorrow!
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
This is a Swing Trade based on the 1D Intermediate Time Frame. An Oanda CFD
This is a Day Trade based on the 25m Low Time Frame. An Oanda CFD
Today's bullish trend is confirmed. the bear market of the past few days has been swept away and volatility is falling again. Today's candle is significant and relevant, with a wide body and close on the highs. We go Long with a trickle of gas, up to 5120 points.
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...
Everyone senses there is something coming, but nobody knows what it is. Regardless the markets will correct massively, technically because we haven't had a 0.61 fib correction in a decade, secondly because the bags are too heavy and everyone is bagholding, we need to shake those who call themselves diamond hands at +50% price discounts, i.e. cheaper...