SPX is currently O/B on smaller TF but she has some room to soar on higher TF. I’m looking for a retest or even a s Horst term to come back and push up after.
Looking for some nice bullish moves during Q2 and I expect price to hit 4530 by summer. With that being said, I also expect more gains above that price this year. Q1 closes in 4 days and we are looking bullish at the moment. If March can go bullish, I believe there is a strong chance stocks will rally this year. This analysis is based on price action, supply and...
Currently I'm just waiting for us500 to rise up to 4005 which is my liquidity area for it to then drop down to the 3960 area taking out multiple traders along the way.
Simple technical and price action analysis. The price is moving in a 'by the book' up channel . Trading now is theoretically simple, because you just trade the bounces inside the channel. But...If the price breaks in the down side of the channel, then this would be a break to a Bearish Flag, which considering the 4H timeframe, this might go down for a while, if...
taking out lower low this upcoming week 4088 is also a strong resistance level if some how price takes (which is not possible according to market conditions ) out high from dec2022 it will make a new high from that time which will be taking out new high of this year but as we saw price have already made its way to that new high and took it out and as far as the...
More Bull plots for the future because why not...Bears are the majority now and calling for new lows thinking they got a great short in and 4195~ is the top forever!...yea watch them all end up road kill lol.
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SPX500 closed last week at 9.0% after a strong sell out. SPX500 in the 4H timeframe should continue bullish.
-The FED has done its job to contain US inflation by raising its interest rate by 25 bp. -The market, in my opinion, even digested this news well, but for now, the bad news could come from the banks! Let's wait, because that's all we have left! -I think the 3700 region is a point where it will be defended tooth and nail by the market. -For the SPX index to...
Hey everyone here on Tradingview!📈 I'm Matt from the AccumulationZone and today I will be recapping last Weeks Price Action on US30 using a profitable Scalping Strategy!
Just happened to look at the all time chart on log scale for the S&P 500
If 3780 -3800 holds We could be in for a Nice pop back to 4100 during april. Humor me, the left shoulder took about 1 ½ months to form; the head 3months. This right shoulder could take us into "Stay away MAY". We would of course have to accumulate for a week or so (Yellowbox).. that accumulation could be in the ranges of 3800-3950 . The final leg up...
Hey Traders, in tomorrow's trading session we are monitoring US500 for a buying opportunity around 3950 zone, US500 was trading in a downtrend but after a dovish FOMC successfully managed to break it out. so if we get any decent pullbacks technically i will be watching a potential retrace of the trend around 3950 supply and demand zone. trade safe, Joe.
Need to see a clear break and hold above 50ma for confirmation of Bull market.
Hi traders, The outlook of last week for SPX500USD haan't changed. It is still in a big consolidation. It can go lower to the lower 4H demand to complete a big A-B-C correction. And after that it can go up again. But it is also possible that it's an W-X-Y correction and were now in a triangle. In that case I expect one more small impulsive leg up to complete...
US500 broke out of falling channel, retested it and creating a new growing channel respecting its boundaries.
What is the near/longer term direction of the market? Here's my take I believe we are and will be in a "trader's market for the foreseeable future. This can be an excellent environment to make make in provided you manage risk by picking your entries judiciously. From an Elliot wave perspective I think we are at an important fib level in the context of the...
This would have similar bias for nasdaq as well. Looking at the us major index to be up on the near to mid term..downtrend has changed and market should be getting ready to pounce higher!