Hello I have decided to share this chart as simp,e as I can because I just want to mention its markings. There is an alternative counting for this charrt that say this last upward trend was wave 5 (Primary) and then bearish market will start. I do not want to be dogmatic but it is not so possible because : - wave 4 primary corrected more than what I can accept it...
Two years after my last big short on SPX, the price has once again reached the top of the ascending channel. Based on this scenario , the expectation is that SPX will peak within the next two months , around early May 2024. Initial target 4,800, stretch 4,400 Incidentally, Bitcoin appears poised to surpass its 2021 all-time high, during which Bitcoin peaked...
SPX has possibly completed forming Waves A and B of a complex expanded flat correction, and may be near starting its Wave C. More likely this is the case should TVC:DXY continue up to and above 112-115. See related chart linked below under related ideas. Another possibility is a running flat correction where it turns back up near the 100% fib instead.
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...
An interesting chart appears when you divide the Consumer Staples Index XLP by SPX. In 2000, XLP/SPX reached the bottom, the top in SPX was 153 days later. IMO, same thing will happen in 2024. Feb 1, 2024 XLP/SPX reached its bottom. 153 days later is in July 2024. Will July 2024 be the top in US + Crypto markets?
Yesterday’s financial print in the United States revealed a notable decrease in the GDP growth rate on a quarterly basis, coming down from 3.4% in 4Q23 to only 1.6% in 1Q24. This figure was well below market expectations of 2.5%, which spooked investors and led to a sudden drop across U.S. stock market indices. Nevertheless, by the market close, the SPX recovered...
You cannot predict the future. But you can prepare for it. Mega cap tech stocks have collectively lost USD 930 billion in value since Nasdaq 100 peaked on 21st March 2024. Will Super Sevens earnings turn the tide? Starting this week, the Super Sevens will start announcing first quarter results. NASDAQ:TSLA is up first on 23/Apr (Tue) followed by NASDAQ:META ...
everything in order, harmonic impulses, fibonacci levels in the norm with support in the 4816 area, which falls both in the 038.2/0.5 fibonacci area and in the POC. where last time he found support to restart. minimum price target 5600 obtained with fibonacci reversal up to 6165 as maximum target, the shadow of the candles is a retracement of the last bullish...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Here are the actual #'s for you to see the 2024 Wall Street analysts forecasts on the chart. Once those are charted in the black rectangles at the year-end price targets, we can see where there are concentrations of estimates and where investors might pause and sell as the target has been reached for the year. And then I added in the 9% and 10% green lines to...
Hello everyone (an update for my last idea of SPX) I do not agree that SPX rally has been over and and this correction is the start of a reversal trend although I accept every surprise in this market. One of tricky ways that most of traders chose is to walk in the middle line and talk about both bullish and bearish scenarios in the same time. It really works for...
Technical Analysis and Outlook: The index reached our Mean Res 5057 and valiantly surpassed it, indicating further upside potential to the Inner Index Rally target marked at 5175. From that point on, turning downwards to Mean Sup 5013 is a strong possibility. A further down trajectory is marked as Outer Index Dip 4865.
The S&P 500 Index has been edging lower for nearly a month, accompanied by a rise in volatility. From its all-time highs in late March 2024, the SPX has declined about 5.6%, which begs the question of a rebound. Interestingly, this week, several big names, including Alphabet, Meta Platforms, Microsoft, and Tesla, are reporting their earnings for the first quarter...
Reaching long term trend line and forming a cypher harmonic. highlighted a smaller similar fractal from 2018. Markets have made me, and almost everyone too rich over the past 1.5 years. and before that, even more so. This market peak will be looked back upon for its own specific bubbles, primarily Bitcoin, and every meme coin. Beanie babies, Madness. that...
Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets. The Current S&P 500 price is 4320.05 as of 24 September 2023. The S&P 500 have potential to drop to 3900 to 3850 range in the coming 1.5 months before the Fed's FOMC in November 2023. The price will hover between 4618.28...
Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more). Simplifying the complex is the key to...
Hello dear traders, the S&P 500 has started to correct after a long period of ascent in its chart. We are looking for a good selling opportunity until the price reaches our order block, allowing us to repeat an excellent buying position for ourselves. I have explained in a very simple and smooth way on my chart where the liquidity is located! This liquidity, after...
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.