I have analyzed the SPX using 2 common indicators; i.e. RSI and breadth above 200d SMA. A very similar setup was seen just before the 2018 correction and the 2020 crash. This recent rally of past 5 months is bigger and more irrational than the previous two rallies. Thus, we should expect a bigger move down over the long-term.
With the FX:SPX500 facing declines and more bearish setups since the past 5 weeks (or one Month) more of it is yet to come! According to my analysis and market perspective, The stock market would likely be hit with bearish signals and signs starting from the early days of may 2024.
In a technical description, price has failed to rally above the last key level...
Hello traders!
‼️ This is my perspective on S&P500.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement and then rejects trendline + S/R zone + FIBO 0.618 level.
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Follow-up to my previous 5137 Top Call (click).
Markets appear to be retracing finally.
This could be just the start of correction.
Minimum next leg depicted goes to 4900-ish.
$ 5109-5137 is major resistance that may be retested.
$ 5044-5049 a minor support that will hopefully bounce.
$ 4896-4924 is next major support and BEST GUESS...
"Higher high" and "bullish flag" are terms commonly used in technical analysis, especially in the context of trading and chart analysis.
A "higher high" refers to a price peak that is higher than the previous peak in a chart pattern. This indicates upward momentum and is often seen as a bullish signal, suggesting that the trend is likely to continue upward.
A...
The true, historical surge in oil prices has yet to come.
This would only be the 3rd major bull era for crude oil in the last 145 years.
Buckle up.
#crudeoil #energy #inflation #historical
After the closing bell on Tuesday, Tesla reported its earnings for the first quarter of 2024. Despite the report showing a 9% YoY decline in total revenue and a staggering 55% YoY drop in net income, along with an increase in operating costs by 37% YoY, shares of the company soared more than 12% in the aftermarket. The price action, however, was not the same for...
Colleagues, in the coming trading week I expect the uptrend to continue after the formation of corrective wave “2”, which I expect in the area of 50% Fibonacci level 5025.
After that I expect the beginning of the formation of wave “3”, with the aim to reach 100% of the Fibonacci extension level 5209.
Manage your capital correctly and competently! Only enter...
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...
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
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.
There were some wild moves across US stock indices last night as investors responded to the Federal Reserve’s FOMC statement and Fed Chair Jerome Powell’s subsequent press conference. The major indices were in negative territory ahead of the rate announcement, but then bounced sharply after the FOMC left rates unchanged as expected, and on the back of a benign...
Here is our detailed technical review for SPX500.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5052.7.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5149.4 level soon.
P.S
The term oversold refers to a...
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...
I thought we'd see the top. I couldn't see any way to print more money. No knobs or dials left.
Until I saw multiple reports of Trump planning to oust Jpow, and nullify the separation between the US Federal Reserve and the US Government. That would mean that an elected Trump would control the interest rates. He wanted negative interest rates when he was in, and he...
