The 4270.00 level can contain selling through Q1, above which 4634.50 remains a 3 - 5 week target, 4864.25 likely over the next 3 - 5 months. Upside, 4634.50 can contain weekly buying pressures, while closing above 4634.50 indicates the targeted 4864.25 by the end of February where the market can top out into Q2. Downside, a settlement below 4270.00 signals...
Wall Street Investment banks are predicting various prices for the S&P 500 close at the end of 2024. But if the current 1-year Treasury Bill Yield is the same as the estimates then why bother buying the S&P 500? It would be safer buying bills and you may get an equal return. This piece of analysis will look at: Historical accuracy of Wall Street Banks S&P 500...
We are currently in an upwards rally in the markets With a trend fib being pulled from our larger lows we have a coinciding level of the 50% retracement converging with the top line of our rising wedge which is a bearish pattern (depending on how long this march takes we could meet our golden ratio 61.8% at the top of our wedge creating a yearly double top as a...
Hello Traders! Today I am focusing on the S&P500's next move and considering that we are approaching the Christmas period and that I am expecting a year-end bullrun towards 4700 I believe that at the moment the index could retrace towards 4525 with a maximum extension towards 4485 to load some long positions at better prices and then restart towards the...
We have the bullish trend and we are likely to enter the retracement to go in favor of the trend with a minimum risk benefit of 1/3
Still holding e-mini S&P long. Took a second entry at 4326.75 and moved stops below pivot point strong support @ 4315.5 I am looking for upside swing targets: Swing Target 1 =4415, Swing Target 2 =4431.25 and Swing Target 3 =4457.50 Regular session Targets: TP1: 4357.50 TP2: 4373.50 TP3: 4383.75 TP4: SwT 4430 TP5: SwT 4457
Looking for Market to find Support in Bullish Orderblock... Market could probe lower coming into market close ahead of Tesla Earnings, however, if market is going to hold it should hold right here. If earnings are good, market will be bullish. If earnings are bad, market will be bearish and we will be folding lower... ⚠️This idea is for informational purposes...
Hello trading community! The ES Futures seems to be Bearish, and we can watch in this chart 3 Higher Lows created. A strong support that was tested three times has already been crossed and tested to create a new possible resistance. The Dollar continue to show strength, the DXY is again testing the resistance, and we believe this time will be a strong long...
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. No opposite signs. Until the two strong resistance zones hold my short term view remains bearish here.
OANDA:SPX500USD We will have choppy times ahead. Target 4600 Above 4600 Vey Low Volume The sentiment is positive 4060 is support Technically Higher Highs Lower Lows We are slowly leaving the current ange The ranges are increasing The S&P 500 has rallied rather significantly during the course of the week to break above the 4200 level, showing signs of...
If you wanna take a trade on US500, maybe before that, you need to conisder this KeyLevels of support and resistance areas. Careful with longs until the resistance are on daily was rejected and the RSI looks very overbought!
The #SP500 diverged 61% from the trend it had referenced since 1940. When we look at such divergences in history, we see that the index has returned to the reference trend. The beginning of this reversal is usually confirmed by a close below the SMA9 on the 3-month timeframe. This level is currently displayed as $4174. In a possible bear scenario, EMA60 or...
For Thursday, 4444.50 can contain session strength, below which 4352.50 is likely intraday, 4257.50 in reach by the end of next week, where the market can bottom out on a weekly basis, possibly into later July. Upside Thursday, pushing/opening above 4444.50 signals 4462.50, while closing today above 4444.50 indicates 4503.50 within several days, able to...
The 4195.75 long-term support area can contain selling through the balance of the year, above which 4606.50 remains a 3 - 5 month objective, the 4808.25, January 2022 all-time high expected by the end of the year. On the way up, 4606.50 can contain monthly buying pressures, with a settlement above 4606.50 indicating the targeted 4808.25 within 3 - 5 weeks,...
For Thursday, 4399.00 can contain intraday weakness, the targeted 4441.25 - 4446.50 area in reach and able to contain buying through the balance of June. Holding below 4441.25 allows 4203.75 long-term support by the end of July or sooner, while closing today above 4446.50 signals our 4600.00 longer-term objective over the next 2 - 3 weeks. Downside...
For Wednesday, 4402.50 can contain intraday weakness, the targeted 4436.00 - 4446.50 area in reach and able to contain buying through the balance of June, once tested the market susceptible to falling back to 4203.75 within 3 - 5 weeks. On the other hand, closing today above 4446.50 signals the 4596.50 longer-term objective over the next 2 - 3 weeks....
Range is very clean. It is very clear where the price will go. I hope you can see this. All ranges of this range worked sharply. While individual investors buy the break out, you can sell it. Have a nice one and good trading!
For Tuesday, 4348.75 can contain intraday weakness, 4385.00 in reach and able to contain intraday strength. Pushing/opening above 4385.00 allows 4409.00 intraday, able to contain session strength and the level to settle above for yielding the targeted 4430.50 formation tomorrow, where the market can top out into July activity. Downside Tuesday,...