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.
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.
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?
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
My thesis for market cycle top is that SPX is creating a massive ending diagonal since the Covid bottom in 2020. The March 2024 top of 5264.85 has reached the 0.5 fib extension, not exactly the 0.618 extension that I was hoping for. But the EW rules are still intact and the strong downward movement might be signaling that the local top is in. Now the rule for...
Yesterday market had a positive day after closing six consecutive down sessions. If traders can keep above yesterday's Close, we could see a positive session as well today. Level to watch: 5066 --- 5064 Reports to watch: PMI Composite Flash 9:45 AM EST New Home Sales 10:00 AM EST
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
Normally don't use exponential moving averages but assuming the past holds true this might work. Granted, the interest rate/inflationary/political climate is much different now than in 2021 so price action may not act the same but all else held constant I think we could possibly bounce off this level.
The daily SPX500 looks oversold at current levels. This may cue the short-term trades to position themselves bullishly as the daily RSI normalizes. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex...
The CBOE:SPX seems like it won't be held down! Look at the pattern in the circles and then look for the potential path going forward. I don't even want to draw anything else
- Daily FVG is where I'm hoping to find a 1hr CHOCH to enter sells. - Only entering when I see a confirmation
SPX500 Indexes bouncing after the crash low. But here is a pattern we have seen many times. It is the very lucrative 3 wave corrective pattern where the third wave is the cause building Wyckoff "Creek." Most of the examples we have looked at have been in bullish phases and so we have seen a bullish Creek. But here this is a bearish phase and so this is a...
Now that the long time SPY target of $524 is booked and holding, I'm setting sights on the downside (again). Maybe this time it'll stick. This is done with my dowsing and is more of a journal to see what works or doesn't and how long things take. Back on 3/12 I did a reading asking when the market will start a move to the downside. At that time, I got the date...
The downward trend for the S&P is picking up speed. We'd like to emphasize the significance of the resistance line we mentioned a few weeks ago. We cautioned about the combination of this resistance line and the divergence of the daily RSI, signalling potential trouble for the market. As anticipated, the market has indeed sold off. Initial support rests at the...
During the previous week markets witnessed that Nvidia can dip in value. The relaxation period of continued moves to the upside came to the reality check. Combination of the Middle East crisis and mostly expectations that the Fed will not cut interest rates anytime soon, pushed the US equities toward the downside. The S&P 500 slipped below the 5.000 level and was...
Correction As you know, Market is inside a correction, and I suppose it will extent next week as well. First support was at about 5000 and low chance reaction to it. Next support will be at about 4800- 4820 and in my view, it can be a strong one for ending correction. Next week the market is going to be wavier because of releasing reports. I am waiting for the...
Hourly and daily trend is still down. Market closed 7 days in red in a row. SPX closed again below 50 DMA. Support is near around 4950 and 5009 is the resistance and swing highs is 5040. Therefore, there are more chance for market have some relief rally tomorrow.
Rising Wedge Pattern Breakdown in Focus This analysis examines the S&P 500 daily chart, focusing on a potential trend reversal signaled by a rising wedge pattern breakout. Pattern Recognition: A rising wedge pattern has been developing on the S&P 500 daily chart since October 2023. This pattern is characterized by price movements confined within a trend channel...