Due to the current market situation, it is possible to see 2900 and 3k target and SP500. The market keeps pushing forward and we should keep buying. Support lines have been shown in my chart, it should be bought in every bounce on them. Until the trend completely changes I see it is a buy.
SPY is a chart I always keep an eye on and this pattern has started to form on the daily and, when formed, can be a very powerful pattern to trade and help find good risk reward opportunities. As soon as I saw this chart in my review this eve, I knew I had to get a video out to the community! xeenos trading - sending positive energy to all those watching
Technicals: Market is approaching a dynamic support turned resistance. if market rejects from the area of interest, it matches with 2 Fibonacci confluences and it'll be another retest of the broken trendline. Take Profit areas will be at the bottom structure Demand zone. Trader's Arena FX
Red line is futures on S&P 500. CC indicator below is correlation between XBTUSD and S&P 500 on 15m time frame. Initial jobless claims was released, and rose 4.43 million last week, total is more than 26 million since the coronavirus outbreak started. S&P 500 slightly pumped as expected (as in previous times) and trying to rose higher, as well as bitcoin....
In this trade I intend on shorting the SPX, S&P 500 or US500 (depending on your broker) following a bearish breakout and close of the potential bearish rising wedge formation. This trade is based upon the following technical factors that we can potentially see from the 4H chart: 1. Bearish rising wedge formation 2. Resistance at the 61.80 fib retracement 3....
There is an opportunity to short the SP 500 on bounce off the descending channel support line turned resistance. - Short entries may be initiated now at the peak of the recent pullback from 2726.00 around the 2770 region. - Stop Losses should be above the swing high of corrective 2772.6 (Red Horizontal) - Target Point A: 2726.9 (Green Horizontal) All...
Is the next big crash starting? OANDA:SPX500USD I've been watching the S&P closely for the last month during our recovery phase. It's been a great ride up, but today it's starting to look like the cracks are once again forming. The below analysis is as I see it. This is not advice. Please do your own research before entering any trade. Signs of a potential...
Hello! Friends, Just don't forget the Weekly trend ( DOWN ).
NiftyBank is in temporary downward momentum tracked with Elliot Wave . History might repeat i.e. Up mementum can be seen with Fib retracement levels. Check for gap up openings and go long accordingly
For the last 6 weeks or so, there's only been one thing to trade - The Market, as everything moved up and down together, gapping violently based on news. These daily charts show how the stock market (SPX/S&P 500) has correlated with the historical safe haven asset of gold (XAUUSD) and the promised new safe haven of Bitcoin (BTCUSDT). The red indicator at the...
I had a quick look at the Indices and I can see a Clear 3-4 Formation. In this video I will draw some wave numbers. I am not a strict elliotician and this is my FIRST EVER tradingview broadcast so please forgive my mistakes. Has S&P 500 Completed a Wave 4 Up and Ready for a Wave 5 Down? I do have a blog if you're interested Just search Immy Yousafzai Forex...
Possible wedge pattern is forming, and continue the bearish movement.
The dow looks good for a bit of a pump up after all the selling. RSI and MACDH both showing nice divergence.
Let's take a look at the long term logarithmic scale to view the long term trend of the S&P 500. We have completely broken past the monthly support and broke the .382 fib support level. Having analyzed the daily RSI we could be looking to form a bullish divergence that could lead us to a miniature relief rally to retest our old support and confirm it as...