On this analysis we look into the S&P500 index (SPX) from a very long-term angle, the 1W time-frame going back more than 13 years, since November 2010. That was when the first Megaphone pattern emerged since the 2009 market bottom of the U.S. Housing (sub-prime) crisis that after testing the 1W MA200 (orange trend-line) it found Support and transitioned into a...
A decisive moment draws near as a familiar, but forgotten trend incredulously appears.
Outlined in "S&squeezed" linked below, caution was appropriate until new highs were confirmed.
Enough time has passed. The carcasses of blown accounts can serve as a launch pad to revisit the fib that was lost at 4500.
This is now underway.
Soon to find out which way...
For the S&P 500, we are primarily assuming that the sideways phase will initially resolve itself to the downside. In the further sequence, the correction should continue into the magenta Target Zone (coordinates: 4540 - 4300 points). Within this zone we then locate the low of the turquoise wave (ii), which should mark a change of direction. In the context of our...
When we looked at the Volatility Index (VIX) on our November 07 2023 analysis (see chart below) we compared it with the S&P500 index (SPX) :
The S&P500 has reached the top of its Channel Up, while the VIX bottomed and is consolidating on a price action that is very similar to the July 27 2023 Low, which was the former Higher High of the S&P500 Channel...
The S&P500 index (SPX) has reached the top of the long-term Channel Up pattern that started on the October 13 2022 market bottom. This development is a strong sell signal on its own but it gets even stronger as the 1D RSI has been within a Channel Down since December 19, while the price was rising within a Channel Up, which is a technical Bearish Divergence.
The...
S&P500 is only a few points away from hitting the HL trendline of the long term Channel Up (started on the October 13 2022 Low). That would be the second time to test the patterns absolute Top. The 1D technical outlook is on standard bullish levels (RSI = 67.767, MACD = 49.570, ADX = 38.770) but the 1D RSI in particular has formed the very same pattern it did...
Amazon stocks are going up this year with solid 52.29% year-to-date gain, that is currently the 9th largest YTD result over all components of Nasdaq-100 ( NASDAQ:NDX ) index.
Work hard, Have fun, Make history - And You're Done! - This is the official tagline of Amazon in 2023.
The slogan refers to Amazon’s dedication to innovation and service enhancement....
Overheated market trends showing a bull market is basically my findings. I have not held into positions, long or short, going into this last surge. I had a relatively promising month in January and decided I would just end it on that note.
Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 4925 Downtrend (1/31/2024) Lower Low
1Hr - 4933...
This market just keeps making new ATH almost every day for last couple of weeks.
Also Russell 3000 finally made ATH earlier this week.
Level to watch: 4922 - 4924
Report to watch:
9:45AM: Chicago PMI
2:00PM: FOMC Announcement
Previously in the Series..
👉 Launch of BTC futures on December 18, 2017
Bitcoin is down more than 10 percent in a week and crashed 80+ percent in a year.
👉 Launch of trading on Coinbase IPO NASDAQ:COIN on April 14, 2021
Bitcoin is down more than 10 percent for the week and crashed 50+ percent for the quarter.
👉 Launch of AMEX:BITO - the first fund based on...
Sentiment is in hype
fractal point of view :
higher timeframe top
lower tf top
max price in my opinion 495
look how vix behave this days, spy close green vix also close green.
American company Alphabet Inc. two days before has published a quartrely statement and announced an increase in net profit and revenue in the second quarter ended in June.
In addition, the company said its chief financial officer, Ruth Porat, will take over as president and chief investment officer of Alphabet and Google from September 1, 2023.
At the same time,...
**Hello all, Im here to add some insights to the trading view community. I run options and stock programs out of trading view which give intraday bull and bear probabilities and support and resistance levels based on options chain data
Looking at SPY, I see a Support level at 485 and the open interest difference between calls and puts are the highest there ( over...
This morning market has been trading High, as earnings season is on its way.
Any test of ETH session HIGH could provide direction for the day.
Level to watch: 4922 --- 4924
Report to watch:
US:EIA Petroleum Status Report
10:30 AM ET
It's been a while since I updated followers on the SP/ES. I recently moved my daughter to Spain after graduating from college...so my wife and I are really just getting used to an empty house.
Nonetheless, let's get into it.
First and foremost, the primary circle B wave will be taken off the chart, and that clears things up for us. Why does it clear things up?...
So I chose to cash out my trade at 4760 for about $2250. Trends have a huge case to send us lower, especially if the 6hour keeps signaling lower. All the trends between 30m and 4hr are ALL in a lower low downtrend at the moment.
The trends are as follows;
Last Macro Trend Signal Spots (ES Contract)
30m - 4778 Downtrend (1/17/2024) Lower Low
1Hr - 4761 Downtrend...
The Australian dollar has been taking a bath. It’s gone from buying 71 US cents at the beginning of the year to netting you just 63.3 US cents against the benchmark greenback.
The dollar is down over the last year against most currencies, and down over the past few weeks against almost every currency.
The humble Aussie dollar is suffering in particular against...
