Since November 2023, the S&P 500 has been on a steady climb, spanning six months without a significant pullback to the moving average (MA). Typically, such pullbacks are necessary for price stabilization. However, recently, we've observed a pullback accompanied by considerable volume. This suggests that a substantial portion of market participants anticipates a...
This idea is based on the retest of entry line and rejection up towards the targets. Be patient with entry, enter just after this rejection. Set your SL after the entry and if any 30M candle closes below the SL zone, cutloss your trade. TP your trade partially at the black lines. I will update this trade when-if entry conditions are met. Not guaranteed. If you...
The daily chart has been bouncing since moving oversold around the 19th of April. The daily RSI has now moved to the positive side of the indicator.
The SPX500 hourly chart still shows signs of positivity. Its stochasstic indicates a bullish momentum, with no short-term oversold signals.
This video is intended for the users of Stratos Markets Limited, Stratos...
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...
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 :)
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
Hello everyone,
SPx500 4H NEW FORECAST
The index price ended trading on Friday by achieving a breach of the 23.6% Fibonacci retracement level centered at 5120, thus announcing its restoration of the upward bias to begin forming some upward waves by touching the level of 5146.00.
We expect trading to hold above the 55 moving average axis and with the Stochastic...
The S&P 500 Index on the 45-minute chart presents an Elliott Wave structure that's quite telling. We've seen an impulse sequence up to wave (3), followed by what appears to be a corrective wave (4) that has found support. Now, there's a projection for an ascending wave (5).
In classic Elliott Wave fashion, wave (5) is expected to push higher, potentially reaching...
Hi folks, it's my opinion on S&p500
Candle formation on 4H, 15 min shows signals that price go through 5075 zone for sweeping liquidity , be care that if price go throught 5120 zone strongly and close above it in 15min this analysis would be fail.
Previous week was the one where the S & P 500 performed in an excellent manner, increasing its index value by 2.7%. The three-week losing track was finally broken, and the index ended the week at level of 5.124. For one more time, tech companies were the ones that were driving the market to the upside, especially after strong earnings from Microsoft and Alphabet....
SP500 is looking bearish, and i think we will see a major correction in the next weeks. I have my main target at $4.750, were the price could bounce back up. I will enter short with small size and i will add shorts if the price will go up, invalidation above actual highs at $5.300
The S&P 500 (US500) has made a bullish bounce off the pivot. Could this index continue climb higher towards the 1st resistance?
Pivot: 4,956.50
1st Support: 4,847.20
1st Resistance: 5,223.68
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 CFDs may...
