I am still quite confident the markets are set to drop significantly in 2024. I have studied correctional wave patterns that are similar to our current situation wherein the market topped on January 4, 2022 and began the corrective pattern. **The pattern contains a wave B that is larger than wave A in duration and movement. The wave C then moves more than wave...
Trading Setup: There is a Trading Signal to Sell in SPX500 (4h) Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 5170.0 ⭕️SL @ 5257.0 🔵TP1 @ 4871.0 🔵TP2 @ 4700.0 🔵TP3 @ 4550.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
Are we ready for a correction? We broke down and now we should keep going down as long the candle dont close above the highest candle this is a good setup for a big move down.
5000 spx is currently holding like a champ. We successfully retested B leg of the previous bearish cypher. Stochastic rsi oversold. I did add to my position today. Not trading or financial advice. Do your own due diligence. I might add some more charts to this during futures sessio
The S&P 500 finished another week in negative territory, shedding -1.6% (-2.5% MTD). While it is clear that this market remains the domain of buyers, 90% of the upside in March has been reclaimed, and evidence is building for a deeper correction. Deeper Correction Possible Kicking things off from the monthly chart, following last week's all-time high of...
The S&P500 index is trading inside a Channel Down. Every break over the MA50 (4h) forms its Lower High and is a sell signal. Trading Plan: 1. Sell on the current market price as it is over the MA50 (4h). Targets: 1. 5125 (expected contact with the MA50 1d). Tips: 1. The RSI (4h) is on a Rising Support, which is a Bullish Divergence in contrast with the Channel...
SPX500 (H4) GOIN DOWN SPX500 Prize know 5254.34 The price of SPX500 going down near 5070.49 SPX500 get ready to trade 🟰🟰🟰🟰🟰🟰🟰🟰🟰🟰🟰🟰🟰 Note: COMMENT, FOLLOW AND LIKE. 🟰🟰🟰🟰🟰🟰🟰🟰🟰🟰🟰🟰🟰
As you can see, there is major support on both trendiness + the current price is balancing on the powerful 50.0 Fibonacci level! This would be a great time to buy and take profit all the way to the top! Low risk high reward opportunity.
Forecast: Start of Bearish Trend (Daily) Invalidation Level: 5281.7 Only sell when the price is close to these levels: 5151.3; 5281.7.
SP:SPX AMEX:SPY Analysis, Key Levels & Targets A look at SPX on the daily timeframe and a few retracement levels off of October lows. Some targets to keep an eye on.
Broke multiple bearish continuations. Typically cycle violently breaks from pitchfork. Advanced rsi momentum break observation. A great stop behind volitile buyers.
hi traders, SPX is correcting and many traders becoming super bearish here. Don't panic here! Let's make a plan! We expect SPX to retest high from January 2022. 4800 could be a great entry for a long position. It's a Golden Pocket Fibonacci therefore some buying pressure may be expected. Retesting this level would be very bullish as it's previous resistance so...
More downside is ahead of us, at least a 10% correction to the downside
My bearish count has SPX topping out today somewhere below 5186.69, with one more daily lower-low (this week) to complete a contracting leading diagonal (1).
This morning we continue with Eurogroup meetings and comments from the German Bundesbank President and in the afternoon the monetary policy meetings (IRFMP) held in Washington D.C. will be held along with statements from the FED Chairman in Philadelphia and local manufacturing index data, along with US unemployment rates. This data is high impact, along with US...
Price is clearly in a bearish trend. Price also has fair value gab and unmitigated order block zone. So initiate short positions near the order block zone after finding a strong bearish price action structure. Analysis trend is invalid if the price breaks and closes above the trendline. Good Luck.
US500 keep buying on daily till bullish trend stops. US500 bullish till bearish appears on weekly.