December 8 Unemployment Rate December 12 Inflation Rate December 13 Interest Rate & Powell Speech in these days market could start its correction VIX is too low which means market could go higher, why not lower? volatility is too low, everything is good (data) but consider every time vix go below (18-13 range) it start to bounce, this bounce moves vix 30-40 %...
CAPITALCOM:US500 chart mapping/analysis for last week of November. TBC further details/write-up in comments section, cheers.
The S&P500 has been rising non-stop since the October 27th Low when the Bearish Megaphone bottomed and the long term Channel Up started the new Higher High leg. The rally crossed over the top of the Bearish Megaphone and has already reached the 0.618 Fibonacci retracement level of the Channel Up. The same sequence can bee seen at the end of last year (September -...
Update for S&P500. We have spotted earlier a confirmed structure breakout. The market is preparing to test the broken structure one more time. 4520 - 4543 is the area from where we will anticipate a bullish reaction. Goal will be 4596 ❤️Please, support my work with like, thank you!❤️
Has Elliott Wave Lost Its Forecasting Accuracy? I cannot recall the exact setting, but many years ago I was asked this specific question… ” …as the number of practitioners of Elliott Wave Theory grows due to its popularity, won’t more people be trading these wave patterns and in doing so, somehow skew the theory’s efficacy”? It’s a great question. One...
Dow Jones broke and closed above a key daily horizontal resistance. We see a positive bullish reaction after its retest. The index will most likely keep growing to the next key level. Next resistance - 35470 ❤️Please, support my work with like, thank you!❤️
The S&P500 index (SPX) is on a relentless 1-month rally since since the October 27 bottom, having grown already by more than +11%. Since the August 16 2022 High, the index has entered into a long-term Channel Up sequence. The last two breaks below the 1D MA200 (orange trend-line) have been the Higher Lows and the best medium-term buy entry. The recent (October)...
Daily/4h time frames analysis for Dow. Price action & important key levels. Bullish outlook explained. ❤️Please, support this video with like and comment!❤️
The S&P500 maintains its steady uptrend since the October 27th bottom, inside a Channel Up pattern. This (on a projected +7.15% 2nd bullish wave) targets above the R3 July 27th High (TP = 4,650). Being however overbought on the 4H technical outlook (RSI = 70.276, MACD = 22.060, ADX = 31.456), we will be ready to short if the price crosses under the 4H MA50 and...
Overview ES is currently trading within a range from 4541 to 4508. Should the levels of 4500-4508 remain supportive, the next upward target is the supply zone around 4555. If it falls below 4500, a noteworthy area is approximately at 4485. Further down, there's a significant break and retest zone at around 4430. Key Levels Range: 4508-4541 Supply: 4555 Area of...
CBOE:SPX is climbing it's 5th and last (?) wave from the parabolic rise created since the GFC... targets about 5600 CBOE:SPX and from there I do expect the October 2022 lows to be taken out at last...
The S&P500 index / US500 has been on the strongest 2 week rise since October 2022, which was at the very start of the Fibonacci Channel Up you see on this chart. The index has established the 1day MA50 as the new long term Support and may test it soon if we expect it follow a similar course as the October-November 2022 rally, which made a short term pull back...
Hey everyone! Sorry for being away for a bit, while we did follow my red graph down and I had shorted into some of that, I did not feel comfortable following it back up and went over to trade several 6E contracts instead. Not sure the income difference was much, but it felt like a safer trade following long term valuation of the Euro than hoping stocks regain...
Multiple time frame analysis for Dow Jones Index. Bearish outlook explained. Important key levels & price action analysis. ❤️Please, support this video with like and comment!❤️
Daily/4h/1h time frames analysis for Dow Jones. Price action & key levels. Trading plan explained. SMC outlook. ❤️Please, support this video with like and comment!❤️
After a Huge rally yesterday, futures are trading around yesterday's High. Any test of yesterday's HIGH could provide direction for the day. Level to watch: 4522 --- 4524 Reports to watch: US: Business Inventories 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
SPX is destined to drop hard, back to 2009 lows. I decided to go short, to catch the next Market Crash. It's the previous Wave 4 of a lesser degree. If you know Elliott Wave as I do, then you are getting ready too. In my opinion SPX500USD has topped a Wave 5 of a large degree. More info on that in my Full Wave Count for that 150y old chart. Here's a picture...
The S&P500 index (SPX) fulfilled our previous Cup and Handle (C&H) pattern, as even though it had a week closing below the 1W MA50 (blue trend-line), it eventually bottomed and has since been on a 3-week rebound that broke above the Handle, turning the 1D MA50 (red trend-line) into a Support again. Perhaps the strongest technical development of the week is the...