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Through this post, I share a historical perspective of the S&P500 relative to today's market with the objective of helping the reader formulate their own opinion.

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A brief look at the current trend in the S&P 500 using simple technical analysis #supplyanddemand #trendlines

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A brief overview exploring the ranging vs trending market structure.

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A brief synopsis on the use of Elliot Waves for trend analysis applied to the CME_MINI:ES1! chart. DISCLAIMER: NOT a short trade idea

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TSM has been consolidating under the 119 level (rejected 3 times). If daily closes above 119, potential break out and gap fill above to 121 then 124 Technicals: - RSI over 50 -Price in uptrend -Ascending triangle pattern -9EMA crossed 21EMA (daily time frame) -Decreasing volume inside triangle pattern -Gap above (121 to 124) -Price at volume shelf

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-Currently in an uptrend and potentially starting the 5th wave -Long idea on the breakout of pennant if bullish market sentiment persists -PT1 = 149 , PT2 = 156 -Trade entry confirmations: volume on breakout, bounce on retest of pennant (resistance --> support) -Can play monthly swing or scalp/daytrade impulsive moves

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-Earnings coming up for CRM, and currently rolling up for a potential wave 5 move -MACD turning bullish -Potential long trade idea on the breakout of consolidation or bounce off consolidation support -Price targets: 256 / 263 -Exit BEFORE earnings regardless of whether price target met or not -Trade confirmation: MACD stays bullish, 9EMA stays over 21EMA, volume...

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Bullish technical patterns and setups are often mistakenly taken as sufficient constitution of a bullish trade. This analysis shows how technical analysis showing bullish patterns and sentiment can be used to support a bullish trade. Although the same strategy can be used for all time frames, higher time frames tend to be more consistent and influential on...