$SPY $SPX Expanding Diagonal Count. Wave 5 must be larger than 3 to complete this pattern.
Above 3950 we could start filling volume gap near 4100's, also in congruence with trendline bounce .need to stay above 3900 short term.
I don't like ES and the NQ being in triangle, I think it will be broken soon. Will be entering with short on the break, target is the same 3840-50 might even stretch to 3830ES. Again IF we break to the downside. P.S. Don't forget to like my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
ES Mini futures looking for 3140 with in next six months as we can see clear impulse down .. ES seems to be in down turn...3 wave down ..Charts shows collective behavior... only above 4350 things changes .. Longer term sell target between 1935 to 2219 Always follow strategy on sell on raise if you are luck sell near 4050 stop loss 4071 rather than taking direct...
. S&P W1 3-9-22 DROP TO 3500 ?: - Continued FED-tightening is bearish equities - Recessionary circumstances (US & World) is bearish equities - Strong(er) Dollar is not bullish equities - Analysis based on Fib-Confluences: - 3500 = 50% retrace of Covid-uptrend - 3500 seems likely as downside target - 3250 is 62% retrace of Covid-uptrend = 162% extension of...
there is going to be no gap down after the labor day; NQ is going to make this pattern and then fall
I should of pay attention to this chart more, perfect hit of the 61.8 on this low, has more room to go compare to the SPX This can spike down on Monday and reverse into the opening, so a crazy double reversal Tuesday is very possible!
Primary Chart: SPX Head and Shoulders Pattern with Neckline Resistance and Fibonacci Supports SPX formed a Head and Shoulders pattern (H&S) on the daily and intraday charts over the past month. A H&S pattern is actually invalid until it's confirmed with a breakout below the neckline, drawn in dark blue on the primary chart above. In addition, because many...
I see lots of posts about bullish RSI divergence and yet the MACD does not verify the bullish divergence. If the support line breaks look out below. Is it really worth going long to 4120?
DYX just took the high of September 2002 and it looks like an SFP. this level is lining up with the 0.78 fib level. I am not saying that it will immediately reverse now and goes down but there is the possibility and we should look at that. I don't actually short DYX right now because of the fundamentals and positive data that comes out of the American market but...
If the S&P 500 can get above 3966 on the ES then the 4000 area on the day is my upper target. Do not think this is a likely break but just in case. For teh short side looking a using the overnight low as support.
This is an update to my recent posting of S&P direction for the near & longer term. I was in the camp that thought we were due for a large correction into the abyss of sub 3500 levels in the SPX. Am I bullish? Am I Bearish? My answer? ..... Both...depending on the week :) What changed? The recent advance off the June lows has brought us past levels that make...
The 4 hour stochastic is at 0 again, greed trade is obviously down. Bounce in the morning, question is if it sustains.
Looking over 20+ years back. Pretty self explanatory.
Today gives me some info. so will be looking to how the market acts from here.Does it take out yesterdays high or low. And at that time does the internal action of the S&P agree. When these two events happen either long or short I will them be entering my trade.
Had a bearish daily bias to start the day. Stops were taking after an aggressive move up, very bearish move. Waited for a break in market structure and entered at a fair value gap on 1m chart. Could have held for longer but lows were being respected previously so we had to be careful for any smart money going long. Profits taken.
Hey Guys, Yurii Domaranskyi here. Risk vs Reward = 1 to 8.76 ✨ It means if you risk here 100$ you may make 514$ Not bad, huh?
What a mess, a very violent and choppy mess of a Market. Let's see if they can recapture the 377... It's a Buy/Sell Hall of Mirrors with the 1 Hour Death Cross being a 199/377 2X affair. The Range continues to expand - from 388 to 404s For the ES - 3910 to 4120. NQ - 12070 to 12714/12818 ________________________________________________ The week is young,...