The wave breakdown of the current bullish move has been drawn in the chart. As we all know this wave breakdown is of the 5th Wave of Diagonal which I can see to be most likely an Ending one instead of Leading. In any case, once the upward trend has finished its course in upcoming weeks, we can very well see a medium to big bear market taking over starting from ...
Legendary investor Warren Buffett was on a trip to Tokyo, the capital of Japan, two months earlier in mid-April 2023, and the titans of the country's giant energy and commodity conglomerates were there to make their presentations. As usual, over glasses of Coca-Cola NYSE:KO - one of Buffett's most famous investments, they walked into Warren Buffett's suite at...
Hello Fellow traders, idea of distribution is done at 5th wave, this pop up price today was just retracements on the 5th wave zone. for stoploss clearly the upside of 5th wave. with clear targets below before our future retracements. This is not a financial advice, this is only my view on distribution type. Same with SPX500/SPY/SP500futures charts. Follow for...
The S&P500 is on the second straight bearish 1W candle and if the week closes this way, it will be the first series of red 1W candles since the October 23rd 2023 bottom. The 1D timeframe has already turned neutral (RSI = 51.449, MACD = 32.820, ADX = 32.340) after a prolonged period inside the overbought territory, so we can claim that a medium term correction has...
The S&P500 has hit (even surpassed on the liner scale) the top of the 16-month Channel Up pattern with the 1D RSI on a Bearish Divergence (price on Higher Highs while the RSI on Lower Highs). If the price closes a 1D candle below the 4H MA100 (red trend-line), which is dangerously close to, it will be the first such bearish signal since August 02 2023 and the...
In this video, I provide an in-depth market forecast for the week ahead in the ES (S&P 500 E-mini), NQ (Nasdaq E-mini), RTY (Russell 2000 Index), and 10 YR (10-Year Treasury Note) markets. I am using a few key technical indicators and market trends to give you valuable insights into potential price movements and trading opportunities. Indicators used in this...
Bearish Divergences all over the place. Very unhealthy volume.
DISCLAIMER: THIS IS A VERY LONG READ . Monday is Presidents Day. In America, this is a day we honor 46 individuals who have held that office both past and present. Ask anyone who keeps up with current news and events, and they will agree, America is a politically divided nation. The vitriol, one political party has for the other, seems like it’s never been...
Nasdaq100 after a big up move. end big AB=CD+FIBO E LEVEL+ Bollinger Band+ Pivot I choose to show the MegaPhone pattern in the photo but there are many other tools. Fed wants to cut the rate this year, so I think he will do that only after a big down movement in the stock market.
S&P500 is on healthy bullish technicals both on the 4H (RSI = 63.806, MACD = 7.990, ADX = 31.789) as well as the 1D (RSI = 64.592) timeframes as it keeps rising inside a six week Channel Up. According to the last HH wave we are expecting a top on the 1.236 Fibonacci extension. If that's coupled with the 4H RSI hitting the top of its Rectangle, we will short the...
This morning markets are rising after a sharp decline yesterday. Any test of yesterday's Close could provide direction for the day. Level to watch : 4992 ---4994 Report to watch: 10:30AM ET: Petroleum Status report
AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft NASDAQ:MSFT , Alphabet NASDAQ:GOOG and Advanced Micro Devices NASDAQ:AMD delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants' reports after the bell underscored investors' elevated...
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...