$SPY $SPX $ES1! Analysis, Key Levels & Targets Stochi signal line crossing under 20 could be an interesting time 😬 Really really hard to do a good read on the monthly chart, but historically with a cross down like this it’s a major financial crisis…. One day at a time, but keep an eye on the bigger picture. I’m keeping my trades small and taking profit often….
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I actually believe we touch 3000 once we have the momentum below last years low but it will take time to eventually drag this down. This is always the worst part when you have elongated periods of drawdown. But that is how a real bear market works. This will not be over until there are people who have drawn down far below their expectations and give up. Also when...
I'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test. My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and...
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Bearish on indices in general. Here are the areas I find interesting at this point. As indices are loosely inversely correlated with the dollar, this is in line with DXY outlook expecting dollar strength in the short term.
EIGHTCAP:SPX500 As we can see a new uptrend is forming on the EIGHTCAP:SPX500 We can see that price has broken structure forming it higher high and has come back to retest that same area and also showing signs of rejections at that area so we could be looking for possible sells around that area, but if price pushes below and closes below that area we...
-The SPX index has valiantly withstood the test in the 3700 region theorized in previous analyses. -Many of the assets that make up the index are already priced, with only a few companies missing that still need to be priced by large investors (after interest rate hikes by the FED), in order to finally go through their due corrections. -If there are...
US500 | Structure Analysis We may see that today US500 is pushing up again in a crazy way. However, we have to be careful as the price is close to a very strong structure zone. Given that the accumulation was very large this time a move above 3937 could help the US500 rise further to the next resistance zone. If 3937 will show strength then US500 will move...
Hard for me to be Bullish with all the Bank drama, I'm a Bear unless the Cash machines get turned back on and so far it's only been a mild pullback, still a ways until the hurt, or the opportunity...
A possible alternative to previously posted scenario - given the announced UBS - Credit Suisse deal
A triangle for Minute ((b))? I mean, I can't count as motive the wave that made the last low... but maybe it's due to my inability!
The idea remains valid this week, regardless of the event with the collapse of the banks
An interpretation of what is happening in SP500 given the updated bigger picture -
US500 retested the 3,942 level again last week. Prices eventually settled further lower at 3,878.40, for an approximately 170pt or 4% drop. Going forward, a daily close below 3,870 will further extend this selling pressure towards the 3,760 support. Deadly crosses in EMA10-EMA20 and MACD further suggest this possibility. However, a daily close above 3,920 may...
SP500 - SHORT after the corrective Patton market went up for the daily OB zone, over role market has to drop so it might work as i shown on chart, many confluence shows down move, trade with care, V.Ragu
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too. ❤️ Please, support our work with like & comment! ❤️
Volume seems to be dying off and we look like we could be due for a pull back. Tight stop due this being a risky play and we are counting the trend. Price has closed below the 5,13,50 ema. Once price closes below these EMA's on the hourly, I will add more to the trade.