Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📊 After successfully rebounding from the previous major low at 4340.0, the US500 has displayed an overall bullish trend over the past few days. However, it currently faces a formidable resistance level, which suggests that bearish pressure could emerge in the near future. 📉 ...
The S&P 500 is setup in a third wave extension, likely to burn out around the 448 range. The pullback to follow this will likely start out slow as bulls pull back their bids overall. Expecting this pullback to proceed to the $422-$428 range in early-mid august. I am best at predicting what, not when. Trend lines do great help in trying to assess the pace of the...
SPx the price can stable in a negative direction because already stabilized under 4358 so now will do a retest till 4358 and then will drop to reach 4309 and then should break that to get 4278 also. the price will start dropping as long as trades under 4358 to reach 4309 and 4278 for this week however, if the price reversed and stabilized above 4365 then will...
The S&P500 has worked its way up to a resistance area currently around 4300 points. Due to the price development and the current situation of the indicators, it is most likely to be assumed that the resistance will be overcome and the index will continue its upward movement to around 4600 points. Temporary setbacks could be considered as a buying opportunity. To...
Hey Traders, Trendline based on two major monthly (yearly) pivots. I think there is a high probability of second FTR retest.
Here on S&P500, price has completed a larger continuation correction on the larger scale, and lower time frame is showing more bearish price action. What we can see now is the price has clearly move down in an impulsive phase on the latest development since last week. This is good sign for more bearish price action this week. For now, its best to see if...
Inflation and Rising Yields The rising yields and inflation concerns still a big hang over on the markets. However, the increasingly bearish retail traders' positioning indicates to a potential for upside spike. Thus, bears need to be extremely nimble as there is a risk of sudden upside spikes due to retail stop runs by the big boys. Positional Trading Models:...
Inflation Tamed Not The Inflation numbers (PCE) this morning do not bode well, especially given the increasingly hawkish rhetoric coming out from the various Fed speakers. However, the increasingly bearish retail traders' positioning indicates to a potential for upside spike. Thus, bears need to be patient before striking as there is a risk of retail stop runs by...
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...
SPX crash?! Whether chatgpt is "reliable" or DAN ( do anything now ) is telling a "lie" by before / after 15 Feb 2023...hmmmm...hmmmm...
Consolidation Ahead? Day 3 The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip your toes but want to wait for a confirmation before...
Many have noted the "breakout" of the triangle over the last several sessions. I have not been convinced it has any legs. We are also developing a nice ascending wedge. My guess is the ~40% of target we hit was all the triangle had, and the wedge will play out to the downside.
Hello everyone, hope you all are doing good. Bullish Probability:(at least one or two weekly candle closes above 4100 than there is a possibility of this playing out). There is an active Bullish Divergence playing out in RSI, so there are chances S&P500 may put new high above 5k. If S&P500 put new High, then it can be a Triple Bearish Divergences, so after that...
Everyone turned bearish yesterday when the market fell 1.5% and are calling for new lows, however, I think the most likely scenario from here is that we push back up to $405 first before the real bear move begins. After tagging $405, then I think the setup will favor the bears, and think we can fall back to the $370-380 range over the coming weeks. I expect this...
Stocks are going hyperbolic, not because of a healthy economy but because of unbounded inflation and QE infinity. 1929 will look like a firecracker when this explodes.
if this level break than we will see massive move currently i am neutral but it possibility make sure make your own decision
So it's earnings season and it's not supposed to be showing too well, however, the S n P is showing signs of strength from last week and his risen tonight to over 4000 again. Hard to say but will some disappointing earnings numbers tank the 500 or will it keep going up to 4100 or 4200 before it drops back down to the 3800 area again. Something to watch...