The SPY has a Gartley (Shark Pattern) with a pretty steep divergence on the RSI and Stochastic. Here is the Stochastic Sell Divergence on the Weekly Chart.
Excellent follow through from buyers. And this is charting 101. Tuesday here, I pshared that ES is bull flagging for rally to 5567, 5575, 5585-90. We just hit 85-90. All bonus now for buyers from here. As of now, 5575-76 (weak now), 5560-62 (weak) are supports. Buyers must hold above to keep 5595, 5610 in play . we sell if 5560 fails. CME_MINI:ES1!
CME_MINI:ES1! NYSE is closed & ES closes at 1pm - no volume today, dont overtrade. Yesterday, ES was bull flagging to set up a push to 5564, 5575+. Patience paid & we hit 5564. Been basing here since. As of now: Lock in those gains here, hold runner and keep it a risk free day. 5560 is support. Keeps 5576-78, 5585+ in play. 5560 fails, dip to 5549
Yesterday, S&P 500 closed at record High again and up about 15% for the year so far. Would not be surprising if traders take profit. Level to watch: 5546 --- 5544
The S&P500 index (SPX) recovered from April's correction and rebounded on the 1D MA50 (blue trend-line) during late May's consolidation, much faster than all previous corrective phases within the 1.5 year Channel Up pattern. This has resulted in the price testing again the top of that pattern, first time since April 01. So far it has been there but failed to...
Thank you for the likes, shares and follows. Really appreciate! _________________________________________________________ This is a zoome out from the latest analysis of the ES1! Mini S&P500 Market. A little bit adjusted with some interesting points to consider. in the upper side we potentially won't be surprised in proach futrue see the price rising to...
again, again, again,.. Bullish bias = youre looking for a +ADR/AWR/AMR and target -ADR/AWR/AMR. today was again beautiful example. Every day, every week and it won't stop
For the past few days I've been saying CME_MINI:ES1! is stuck in a range between 5342-5372. After a final failed breakdown of it yesterday that triggered longs, buyers broke us out the range finally. Size down now before CPI…protect your capital. Wait for traps. 5396, 5408, 5421+ next in play for buyers. 5363 lowest must hold on any CPI dips, or we sell
I will set an alert at the low of the last two days. At that point of the days internals look soft I will take a beginner level starter put position. The intent is to risk a small amount of $ to try and catch a day trade that I even still want to hold by the end of the day. Alert at 532.50
he AI boom is reaching the sort of lofty heights that characterised history’s great bubbles, from the Dutch tulip mania to the dotcom bust at the turn of the millennium. Investors have now determined that Nvidia alone is worth more than the entire annual output of Spain. Add in the tech companies expected to profit most from the AI revolution — Nvidia along with...
Last time we looked at SPY (May 01, see chart below) we gave a strong buy signal following the 1D MA100 (green trend-line) bottom and we are already well into new All Time High territory: As you can see, the price hit the top of the short-term (dotted) Channel Up and pulled back to the 1D MA50 (blue trend-line) again. This inability to break above the Channel...
After buyers broke us out yesterday, ES is now basing right off the uptrend channel sellers tried to leak us from June 3rd (5370). This is very typically after a trend leg/breakout, as after these play out, longs are risky (due to chasing), shorts are risky (against the trend), so this causes a very high chance of chop the day after. And that's exactly how today...
Today we'd seen beautiful reaction to algorithmic levels! +1/3 AWR acted as support after yesterday push above it and -1/3 ADR likewise! another confluence was D -M OHLC statistical mapping (tool) and H4 IFVG! ADR is usually TRUE Support & Resistance! and most of the time we can use it within Higher Time Frame context. same goes with OHLC statistical mapping when...
One more instrument that we discussed on the today's live stream is US100 Index. This week, the market updated the all-time high, violating a key horizontal resistance. With a very bullish fundamental data, the Index has a nice growth potential. Next resistance - 19300 ❤️Please, support my work with like, thank you!❤️
S&P has been moving upwards this week and made a New ATH yesterday. Any test of yesterday's Close could provide some direction for today. Level to watch: 5364 --- 5362
The S&P500 index (SPX) has turned sideways since practically May 16 and, supported by the 1D MA50 (blue trend-line), is consolidating. Even though this consolidation is taking place at the top of the 1.5 year Channel Up (Fibonacci 0.0 - 0.236 range), it is similar in some way to the accumulation of April - May 2023 (also a little like November - December 2023),...
Although it's hard to predict what the stock market will do in the future, there is already a clear consensus on what is likely to happen. In this chart, I have plotted most predictions from big investment banks like Goldman Sachs and Morgan Stanley to other investors like Michael Burry. I have also calculated the average of all the predictions and plotted it on...
1/3 AWR can send us higher! it usually acts as true support / resistance like today!