Hello Traders, welcome to today's analysis of S&P500.
--------
Explanation of my chart analysis:
The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the...
Hello traders
concerning NQ i suppose that we will assist to 2 free falls if it breaks down these level 13499 and 120404.
it is clear , in my opinion, that NQ started its bearish trend that will accure for long time.
remember that we don't have a cristal ball predictiong markets future but we try to be more effiecient and more rational,it is up to markets to...
I think CURRENCYCOM:US30 Index is facing a key level at around 24400 (Green Line) .As long as we don't close significantly , in an upcoming day , above the green line and break above the black line above it , I don't think there would be a reason to believe in a real bullish continuation and recovery of the DOW JONES .Price could try to break the green line by...
Now S&P 500 is in 5 last wave , it means that this increase of USA stock market is final before dramatic recession. But at the moment we are probably in the beginning of new steady growth.
Hello traders! Let's see SP500 in daily timeframe! We can clearly see that's moving inside a descending triangle , there might be a breakout of the triangle but still not confirmed , that's probably a fakeout. So be careful and wait for a strong confirmation daily or better weekly , might lose some pip but would be a safer trade , that's just my opinion don't take...
Sp500 is in a corrective wave named wave c which goes down in an impulsive manner in a 5 waves down.
we can be trading now wave 2 of wave 5 at 76.8 % fibo level then turning south to target 2474.
invalidation level is pointed on graph. good luck
