Hey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5250 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5250 support and resistance area. Trade safe, Joe.
Hi traders, Last week SPX500USD went up some more. For next week this pair could go up a little more but we could see the correction down soon. Trade idea: Wait for the finish of a correction down to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point...
US stock indices soared yesterday in a move which took both the S&P 500 and NASDAQ 100 to fresh record closing highs. The Dow came within a few points of its own all-time high, falling a tad short of 40,000 this morning. The mid-cap domestically-focused Russell 2000 was also up sharply yesterday, but has since pulled back a touch. It remains around 14% below its...
On May 15, the SPX500 index broke through its previous ATH of 5286. I had announced this a few days earlier in one of my analyses. For the past 1 week, we've been in an accumulation phase (which is normal, given what's just happened). Here's the configuration I'm expecting: ✅ Liquidation of the bottom of the range ✅ Return to Fibonacci 0.62 ✅ Reaction on H1...
Hi everyone, I see two possibilities. Blue or Brown ? (we have to see!) Technical Section: The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally. Wave 5 = 2.618 x length of Wave 1 Wave 3 = 2 x length of Wave 1 Target = 5790 The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave...
S&P 500 futures rose approximately 0.7%, and Nasdaq futures surged 1%, while Dow Jones futures gained about 60 points on Thursday, as traders reacted positively to Nvidia's quarterly results. Nvidia's earnings and revenue exceeded estimates due to strong demand for AI chips. Additionally, the company announced an optimistic sales forecast and a 10-for-1 stock...
Well, my previous idea for a higher degree wave 4 got busted! Market is not ready to be bearish just yet. On Friday we got a breakout from the trendline resistance and retest. Next week we should expect a move upwards toward the next resistance at 5402. However, it seems like Market is poised to run towards the 1.236 fib extension of waves AB which is also around...
Two years after my last big short on SPX, the price has once again reached the top of the ascending channel. Based on this scenario , the expectation is that SPX will peak within the next two months , around early May 2024. Initial target 4,800, stretch 4,400 Incidentally, Bitcoin appears poised to surpass its 2021 all-time high, during which Bitcoin peaked...
hi traders, SPX is correcting and many traders becoming super bearish here. Don't panic here! Let's make a plan! We expect SPX to retest high from January 2022. 4800 could be a great entry for a long position. It's a Golden Pocket Fibonacci therefore some buying pressure may be expected. Retesting this level would be very bullish as it's previous resistance so...
Back near resistance line formed by 1929 and 2000 tops, acted as resistance in 2022.
Hello Traders and Investors, today I will take a look at the S&P500 . -------- Explanation of my video analysis: Fore more than a decade, the S&P500 has been trading in a pretty clean rising channel formation. We had the last retest of support in 2022, which was followed by bullish confirmation and a rally of +45% in 1.5 years. At the moment the S&P500 is...
The SPX500 hourly is still being influenced by overhead resistance. However, the longer term trend remains firmly up. Looking to see if support proves to be compelling to the shorter-term traders. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets...
The longer-term SPX 500 daily chart is sitting in a bullish channel with positive technical indications. The shorter-term hourly is heading towards positivity, however there need to be some developments to confirm. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). ...
Technical Analysis and Outlook: In the S&P 500 Daily Chart Analysis for the Week of May 10th, it was observed that the market successfully retested the Key Resistance at 5260 and the Outer Index Rally at 5280. It is suggested that the Outer Index Rally at 5342 will be reached after hitting the newly established Key Resistance at 5314, followed by a potential move...
The provided image outlines a long-term technical analysis of the S&P 500 using Elliott Wave Theory: Wave 1 (2011-2020): A lengthy bullish trend representing the first large-scale wave, which extended for nearly a decade, ending in early 2020. Wave 2 (Early 2020): A substantial retracement followed, marking wave 2, coinciding with the sharp sell-off due to the...
us 500 broke the resistance and tested this resistance. The next target is 5370 USD, which is the 1.272 level of Fibonacci. I think you can open a buy position by placing the stop loss at 5275, which is the Fib's 1 level.
It is clear that the US indices are inflated based on the boost from the Federal Reserve news. Yesterday three of the US indices closed higher, except for the Russell which closed slightly negative. This comes to reflect that the AI sector seems to be dragging with the magnificent 7 again in this directionality regardless of sectoral scope to all, due to its...
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