Hello everyone, as we can see we have huge unemployment numbers in America, because of the virus, so we will most likely see that number increase. This means that we will most likely see another wave down. We have made perfect 4 waves, so now we have the perfect set-up for wave 5 down. We have also just bounced from the bottom of the channel that we have formed,...
At recent crash, SP500 index found it's first support and %10 bounced at Fibonacci 0.618 extension level of last decade. It wouldn't be much surprising if 1.618 level will try to hold with all that old price action area nearby and the purple potantial support. RSI still has a room to say oversold, check the green boxes at RSI. I'll be monitoring well dipped stocks...
As noted in this analysis - I think this was a big shakeout before the real bull! & bear market. Similar to Ethereum and Bitcoin in their bullish cycles (they both had shakeouts) This one is surprisingly similar to Ethereums cycles They even have the same fib relations Looking forward to this! I think it will drop another 10% or so on the short term but...
This will create a great longterm buying opportunity! - bearish divergence - Completed EW supercycle - Haven't had an 80% drop since the great depression - Everyone is in pure euphoria (big picture) when it comes to the stock market. This goes along with my other stock calls. I jumped the gun on some of them and was a bit too early calling the tops. But...
he S&P 500 index is in a crazy sell-off since this Monday. The growth from the last three months was blown away just in three days and there is still no sign of stopping. What caused the sell-off? One thing is fundamentals like the Coronavirus slowing down the global economy (-0.1 to -0.2% was the IMF optimistic estimate). The other thing is that when there...
Quite a lot of people like trading indices using the Volume Profile tool. In my experience, the Volume Profile works fantastic with indices. In fact, I am also planning to add ES (SP 500 futures) to the levels which I publish daily for members of my Trading course. So, today, I would like to have a closer look at the ES and show you my intraday trade analysis...
4H CHART EXPLANATION: Price in on a clear uptrend, and now it has broken the top of the Ascending Channel. This is a clear bullish signal, so, we consider it has potential to reach the Resistance Zone. Will look for a lower timeframe bullish opportunity. DAILY CHART ANALYSIS:
SPX short - ABCD pattern Target 3185, SL 3305
I do not want to get too into depth on the SPX as this is mainly for my personal future reference however I will say that I believe the SPX will reach a high at 3400ish and go no higher than 3800$. I also believe there will be a downturn of around 40% from the highs in the next year meaning I think the bottom will be in at around 2100$ The bottom will take appox...
Quick one here. SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC. This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices. Another piece of information to bear in mind.
Yes it is nothing new or original, but it bears repeating. The inversion of the 2yr and 10yr US yields still remains the holy grail of predictive indicators, once these yields invert (the 2yr yields more than the 10yr) start your stop watch to recession. DO NOT BE CAUGHT OUT Protect your wealth that you choose to hold within the financial system, think about...
stop @ 2979 target TBD if the position moves against us 2nd @ 2944.44 3rd 2955.55
SP-500/ Gold - #ValueCycle Analysis *Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500 *I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below) Macro Analysis: Lower Chart - After the lunacy of the tech wreck in the late 90's...
SPOTTED NZDUSD 500-700 PIP PROFIT! September 12 - November 12 ENTER LONG @ 0.64000 TP LONG @ 0.66500 SL LONG @ 0.63150 -------------------------------- November 12 - December 5 ENTER SHORT @ 0.66500 TP SHORT @ 0.60340 SL SHORT @ 0.67000 DURATION 84-86 DAYS TRADE AT YOUR OWN RISK
Over the last 7 years, S&P 500 has respected EMA 200 + long term diagonal support; with very similar touch-points. There is currently a challenging double top in the 295 area which might push the price down to consolidate between 257-295. The current channel is between 273-295 which if you want to profit, you would want to zoom-in a trade set-up with a lower...
Hey! It's time for a brand new S&P500 analysis. S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further. NOTICE: YELLOW LINE : Broken trendline in the middle of the other two. RED LINE : The bottom trendline which is the current support IF S&P500 falls. ...
AOBC shows how extreme movements can take place under 500 Week Hull