The Combined US indexes are clearly in bearish divergence, as previously described. However, it appears that there is a thin underlying technical and funding support to push this index(es) into the Fibonacci target over the next couple of weeks till the end of April. A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside...
Weekly trend-line stretching back to November 2022, is being tested around the level of 5,000 which is also a "psychological barrier" for price action to proceed going higher. A re-test of the breakout above the 4,800 level is expected in the near-term.
Consistently harvesting positive gains is difficult. In markets where risks remain rife, that task gets harder. That’s where tactical hedging during periods of elevated risk help improve risk adjusted returns. Analyst forecasts are for US equity performance to be neutral to bullish in 2024. Some believe that returns are likely to be dragged lower given the...
Lowest level since 2005 The blue lines indicate the circle low points on the graphic I found this useful hope u do too,
another different perspective of equity markets. uncertainty ahead. if it happens , the next economic recovery phase could take years.
In my opinion, US equities still have another 20% to drop based on my price action analysis developed from ICTs teachings. I am not sure as to what catalyst which will lead to this drop. But I do believe it is coming! Thank you!
Good day! This is an unusual highlight, but I am so excited, and you would read on to find out why... Previously outlined, on 3 August, I played the devil's advocate and looked at a counter trend scenario. In this scenario, the SPY was still below the weekly 55EMA, and could fail to break above, then break down much further. Thing is, the weekly SPY chart is...
hello guys! us30 there is in a long term ascending channel for sure... but let look last recession closer: what was conditions of last recession : 1- break down last lower low 2- fake out last lower low 3- before starting a downward movement break ma(200) 4- last lower low break ma(200) too 5- after break down drop until %45 On the other hand, what are the...
Very similar price action to May around the end of the month, there is a potential rising wedge forming into the 27th June coinciding with a backside retest of the 2 year uptrend channel that was finally broken back on the 13th June. Keep eyes peeled for indications of selling picking up into that area.
CME_MINI:ES1! In the past six months, the S&P 500 has fallen from an all-time high of 4,818.62 to a fresh 52-week low of 3,636.82, down 1,181.8 points, or -24.5%. Following a brutal week, the U.S. stock market rose on Tuesday, as investors weighed the Fed rate hikes amid rising fears of a recession. The Dow rose 2.15%. The S&P popped 2.45%, and the Nasdaq...
A mid-year check of the S&P500 futures ES1! show an uncanny resemblance to the beginning of 2008. This has been reiterated by many already over the recent months, and it appears to continue as outlined by others too. In the monthly log chart, there is an eerie resemblance that might bring the S&P500 to 2600-2800 levels, if by a similar magnitude to...
Prices are approaching a pivot. We see the potential for a pullback from our sell entry at 3601.46 which is an area of Fibonacci confluences towards our Take Profit at 3502.79 in line with 23.6% Fibonacci retracement. Divergence is spotted on RSI, further supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links to...
Prices are at a pivot. We see the potential for a short entry at 3584 which is an area of Fibonacci confluences towards our Take Profit at 3505.88 in line with 23.6% Fibonacci retracement. RSI is showing bearish divergence. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an...
Prices are experiencing a squeeze at our pivot. We see the potential for a short pullback from our sell entry at 3569.91. We see the potential for a pullback from our sell entry at 3543.36 in line with 23.6% Fibonacci retracement. RSI is at levels where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to...
Prices are consolidating in a potential double top. We see the potential for a dip from our sell entry at 3533.57 in line with 61.8% Fibonacci Projection towards our Take Profit at 23.6% Fibonacci Retracement. RSI is portraying divergence, further supporting our bearish bias. Any opinions, news, research, analyses, prices, other information, or links to...
Prices have recently broken out of our descending trendline resistance and are on bullish momentum. We see the potential for bearish dip from our sell entry at 3539.23 which is an area of Fibonacci confluences towards our Take Profit at 3468.59 in line with 23.6% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to...
Prices are on bearish momentum. We see the potential for a dip from our sell entry at 3487.54 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement towards our Take Profit at 3389.08 in line with 38.2% Fibonacci retracement . Our bearish bias is further supported by RSI being on bearish momentum. Any opinions, news, research, analyses, prices,...
Prices are on bearish momentum. We see the potential for a dip from our sell entry at 3487.54 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement towards our Take Profit at 3389.08 in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by RSI being on bearish momentum. Any opinions, news, research, analyses, prices,...