Currently in the yellow resistance field, going up in what looks like a bearish pennant. Between the .618 and .65 fib ratios is my favorite place to load up for the next stage. Stop loss set at around 2700 cause if we breach above the green line, we're looking bullish again.
We still have some margin down with the end of subwave 5. Find Winning Trades In Seconds >> efcindicator.com (Special Discount)
We broke out of this pattern last friday. Targets are the green boxes.
There is nothing bullish about the S&p500..... We got rejected by .382 . stop loss should be placed by the .5 level
If this is possible, then expect a few days upwards before a final wave down for the 5th
As described in my previous note on the S&P 500, there have been two major market corrections since the end of the Great Recession. They were periods of high volatility and a lot of repricing of stocks for 140 days or more. In both cases they started with: 1. A complete reset of the daily RSI ( Relative Strength Index below 20) 2. The S&P 500 holds below the...
Can You See That Negative Divergence? ( When two or more indicators, indexes, or averages, fail to show confirming trends. A negative Divergence occurs when a price index is making a higher top at the same time a technical indicator is flat or making a lower top. ) TP 1: 2600 TP 2: 2500 TP 3: 2400 Good Luck!
Descending broadening wedge formation observed, or what I like to call it as- Muh Tasty Megaphone Price should blow out of it tomorrow, keep an eye for breakout :)
SPX500 traded into the 4 hour bullish orderblock and finding support over there, we can see a nice push up to squeeze bottom shorters out. Expecting a retrace to .705 fib in the chart
See what I mean about the candlestick action before past declines? Refer to my last SandP 500 chart for what I was saying.
Ok, try to stay with me here.... If we look at SandP in plain old Elliot wave, I see 2 possibilities.... Either all hell breaks loose and it just drops to the 23-38% fib levels and into a wave 4 correction, OR... it will rally again in the form of an ending diagonal considering we should be on wave 5 of a larger degree wave 3. What I find interesting is that if I...
Hello all, I have been saying the US stock market is going to crash for about a year now, and well, it looks like I might be right. The significance of my moving averages is due to the fact that they represent 1 year, half a year, and a quarter of a year. You'll notice the year held in the last dip, but has not this time. This is a bearish signal. In addition...
i am expecting this to go down . there is every chance it could go back up so be carefull
The S&P 500 may still to continue it 4th wave correction as showing the chart. It may drop back to 2720 area for consolidation before resuming final 5th wave to achieve a historical all time high to set the stage for major painful crash.
What is gonna happen next :thonk: