Good morning and welcome to episode 808 of ‘Talking Bull’. Here are the latest headlines today,
The S&P 500 index dropped to test the lower trendline of the ascending channel, which also corresponds to the support level of 4000.0, the 23.6% Fibonacci level, and the intersection of the 50-day moving average. It is likely that the price will rebound towards the level of 4085.0, with three potential scenarios: 1- The price fails to make a new high and tests...
Tune in and find out my thoughts and ideas about the market across the major currency pairs, commodities, and cryptocurrencies
Please, look at the chart that SPX broke the long term downside trend since this year early-January . If you see my previous analysis I was very bearish since middle of 2022. Normally long term down trend reversal last at least 6months. Upside has shown for 3months now. I personally belive that one more quarter is left to play bullish further more. 1st....
An update on the likely trajectory given the observed developments early Monday.
Check this out, was the current market situation predicted? whats next?
My trading Idea for #SP500 Entry: 3900 Target: 4300 (+10% profit) Diagonal resistance becomes support after breakout! Just as simple as that! :-)
If the price reaches the specified area, you can enter the trade in a smaller time frame (5 minutes or 15 minutes) by getting confirmation. ♦️Please note that none of the analysis is a trading or investment proposal and the trader is responsible for accepting or not accepting these analyzes for his own personal trading.
S&P500 Bearish Sequence of lower highs and lower lows Short on strength Ep: 3915 as it has already tested the level of .618 (3939) and rejected Red candles as sellers are present SL: 4020 last lower high TP:3815
$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….
03/19/2023, 4:00PM EST Livestream. Stocks, Crypto, Indexes, Commodities, or Forex TA Charts. Technical Analysis & Educational Charts livestream. All content is Not financial advice.
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...