S&P500 future - After previous analysis, the 3850 price did not held and we reached our downtargets at 3800 - 3778 - 3737 - 3706 and for now 3694.
Bear scenario:
It is important for bulls that the price zone at 3680 and 3695 not undercut. Should this price zone be undercut, a furhter correction could push the bulls back into our price zone of 3650 - 3600 - 3590 - 3550.
Bull scenario:
The next upside target is at 3706 - 3737 and then 3800. Upside and downside targets see chart.
Trend analysis assume that an initial correction will begin in week 4 and week 5. The market could then come under pressure.
A bear market is when a market typically fall 20% or more from recent highs. The market has been overbought and needs to cool off.
Notice how the market moves we see short and sharp corrections this is typical in the late stage of rallies - usually new highs will follow.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Bear scenario:
It is important for bulls that the price zone at 3680 and 3695 not undercut. Should this price zone be undercut, a furhter correction could push the bulls back into our price zone of 3650 - 3600 - 3590 - 3550.
Bull scenario:
The next upside target is at 3706 - 3737 and then 3800. Upside and downside targets see chart.
Trend analysis assume that an initial correction will begin in week 4 and week 5. The market could then come under pressure.
A bear market is when a market typically fall 20% or more from recent highs. The market has been overbought and needs to cool off.
Notice how the market moves we see short and sharp corrections this is typical in the late stage of rallies - usually new highs will follow.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Trade active:
S&P500 - Feb 4th. Read todays analysis posted today. After almost 2 days consolidation in a bullish triangle we got our breakout. Tomorrow morning we get the January Employment Report if the data disappoint - then we expect new ATH around 3670 towards 3890-3900/10 before tomorrow's (Friday) close. If 3830/25 fail and we break below 3778 and the GAP 3780 then we will face a deeper correction. (Check 4 hour chart targets) Last chance for Bulls at 3650/45
(GAP not filled at 3791 - 3780). Monday February 1st. entry at 3706 target today 3870 reached until today we have achieved 164 points. The more traders try to short this rally the higher we go. Wait and be patient sell when we have a Bearish Reversal – the market need to prove itself.
(GAP not filled at 3791 - 3780). Monday February 1st. entry at 3706 target today 3870 reached until today we have achieved 164 points. The more traders try to short this rally the higher we go. Wait and be patient sell when we have a Bearish Reversal – the market need to prove itself.
Trade active:
S&P500 - Feb 5th. Todays analysis posted before opening time. 3870 held and we spent most of the day consolidating upside targets no change as long as 3870 holds. We are up 189 points since Monday´s entry at 3706.
Germany30 and S&P500 Intraday analysis August 23rd. and weekly update 34. Posted at twitter: twitter.com/SP500_Dow
