----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price...
After looking over and fine-tuning my analysis for SPX over the past few months, I think I've calibrated things as good as they will get for now (barring any new, major developments which would force me to re-adjust my wave count). SPX has been on a tear from 1877 to 2022 for a very large Grand Supercycle (a 5 wave move lasting more than 100 years).
Though...
Bulls are calling for SPX to 4150 bears to 3100. Which trend-line are we headed for?
My personal belief is we are dead cat bouncing on the way to 3100 but time will tell.
If the bulls rush in we could definitely see a squeeze to 4150... If reality takes hold 3100...
SP500 on 4 hour has broken out of two formations.
1. The medium term downtrend the markets been in for the last few months.
2. A W Formation which has broken into a new uptrend...
Bullish Target to 4,200
Regards
MATI Trader
Hello, dear traders, I hope you are doing well. In this analysis, you can see the corrective waves of the S&P500. I think we have a diametric and after this up we will have another down towards the demand area.
If you have a question, ask. Check out my bio
Thank You
When looking at AAPL current underlying value and most recent price behaviour when using a 2-hour range, investors can see a shooting star bar formation. Underlying price movements of AAPL witnessed a loss of its initial gains in this instance, the shooting star formation shows a bareish correction after a failed attempt to keep underlying stock prices higher.
...
Phsycologically I am saying this is over and it's time to look up!
Technically I am saying this is not the cheapest and could be lower.., on the other hand technically not a bad point to start!
We would need more reason to go down, another geographical war could be a reason..
Neither Inflation nor recession have made a big fear on the market due to unemployment...
Ever since the S&P 500 topped at the end of 2021 we have been in a clear bearish down trend.
Here we're looking at the weekly chart. Drawing fibonacci lines we can see the area's of previous support tell us to keep an eye on these levels:
345
320
300
275
We can also see that the RSI is oversold on weekly so we can potentially see a little rally.
Macro trends...
Today is very choppy day, but you can't look at the market for the same scenario everyday, but rather build a context around.
The world is returning back to its wage driven motivation.
It's a lot of bubble economies now that are web based, and have no real utility in the physical plane and I believe that price's true nature is to level
the playing fields on both...
We can see a massive Textbook Bull flag on SPY Daily chart with a falling wedge. When we pair this with a Fib Extension and the falling wedge breakout we could see 515ish all said and done. Please keep in mind that this is a daily chart.
Currently priced at $135 Tesla’s underlying stock price sits between its weekly PP 0.236 and PP 0.382 Fibonacci resistance pivots . Currently priced just below weaker PP 0.382 resistance level the stock is trading above its central PP level. This is a bareish signal. Investors should expect a correction towards its support. Furthermore, Tesla’s underlying price...
SANDBOX: Day trade (LONG)
Some trends show some increased trends coming time for SAND
Its very hard to find the right coins in a moment where most coins don't move really, and same time we are in a time where the take profits are faster than before. but trends change with time
If there is real breakout trends or high increase, for 90% we will find them with our...
Hello traders, welcome to this S&P 500 update. This is my first time analyzing the S&P 500 and I hope it will be helpful.
To analyze this chart, I am using the 21 monthly moving average and the kiss of death pattern.
The S&P 500 is on its way to making a bearish move and it got stronger after the price got rejected below the 21 MA. The actual confirmation came...
If we follow the other 4 times. I should buy once the monthly RSI down trend is broken and look for support at the 1929 crash bottom trend line. Use Fibs to target possible bottoming levels. Fingers crossed.
Many people are wondering when the bottom will be in. Twitter pundits offer various reasons for a short-term rally. While those reasons may be logical and tradeable under normal circumstances, the market has yet to give us any confidence that a near-term bottom is in.
Interestingly (or alarmingly) SPX made a bullish reversal open today, only to form a bearish...
Here is a look at the 20 and 200 WEEK moving average on the IVV ticker. Note how the S&P has reliably tested the 200 week MA during strong corrections over the last 12 years or so. Rarely does the price go much below. It also seems reasonable to me that we both get a retest of the June low and a more significant test of the Feb 2020 high.
If we see this, then...
