if the opening continues to fall we could be in for a 20+ point drop into next week? JMHO
SPX is getting to a critical spot. That is what I would like to see it do (ending diagonal). But regardless, a lot of divergence coming in as it seems to be in a running flat as I mentioned before. A spike into that zone (27% extension-3000 level) might be a place to try a tight entry on a short.
Ralph Elliot speaking from beyond the grave.... Typically speaking, wave 4 retraces 23-38%. We are on an extended wave 5 of wave 3. Those 2 rectangles are measurements: 1.618 x wave 1, 2.618 x wave 1. Wave 3 typically terminates around 1.618 wave 1 (watch that 3000 area. It may not even reach it, but if it did and hit the top of the 2.618 box, that's a sell all...
FB sitting on the weekly trendline, a nice push up would be a buy signal, would like to see a buy pattern form beforehand. If further breakdown, look for consolidation and sell.
I am back with another Elliott Wave Forecast on the S&P 500 Index . After detailed research and analysis, I identified the recent bottom, which occurred today, ahead of time. I have identified the next top. I have identified 3 colored polygons. The green zone will most likely contain the top, but the yellow polygon is also possible. The red zone is unlikely, but...
S&P 500 could be in a final stage of counter-trend correction within wave X, which is a link between wave W and Y. The range was set with the wave W between 2532 on the downside and 2873 on the upside. The index reached the area of triple resistance where current resistance (yellow), medium term (gray) and range's top (blue) intersect. Besides that, there is a...
The S&P is pulling back up, but I still consider it in a "B" wave and I still expect downside to be coming. They may break that top for one more, but they should run it back down. At that point it can make another move up, but I expect more downside before any upside.
S&P 500 SPX500USD Of the 3 charts followed for S&P 500 index, this one has been the most reliable recently. We were looking for S&P strength as the last but one of the Fangs report earnings with Amazon on 26th after hours. Google has helped overnight. After triple bottoming at the 2790 support line the S&P has rallied higher, making a little spike off the next...
As I promised in my earlier post here is an update with the two possible scenarios. First of all I would like to focus your attention on the dashed parallel trendline resistance (yellow). Price was rejected right at that resistance shaping reversal Doji candle on the Weekly chart. If this upmove has been finished (breakdown below red support is needed to confirm...
Standard wave analysis of market cycles. Search 'Wall Street Cheat Sheet' on Google Images for the reference this is built on.
I believe if it breaks the triangle we will continue down to previous supports, otherwise we will see January levels coming.
XPloRR S&P500 Stock Market Crash Alert Generator Long-Term Trailing-Stop study detecting S&P500 Stock Market Crashes/Corrections and showing Volatility as warning signal for upcoming crashes Detecting or avoiding stock market crashes seems to be the 'Holy Grail' of strategies/studies. This study detects all major S&P500 stock market crashes and corrections...
Monthly, Weekly and Daily trends are up. 4H: Price engulfed a minor supply zone (marked at chart). it's a signal to buy but not very strong. Down move is still possible. So I will buy with LOW risk.
Dear Friends! :) Who would have thought, that D4rkEnergY could get sick? I flew back to Seoul 4 days ago. Got 5 hours of sleep on the plane. Installed in my apartment. When I arrived at our office I was quickly briefed that we had a big event for clients, sponsors, ICO's in a big venue. I was told to prepare a speech and make a Live TA-show on Bitcoin for +500...
A New Cold War, or a War-Don't overlook The new generation will get consumed with hatred against each other, as Russia, China, and the Middle East Align Against the US and Most of Europe, There will be dark clouds, Ideas of Nuclear War, and Proxy Plays, think more 'Corrupt Syria being helped by Russia" So the hope walks with the younger generation, paving the way...
A long signal appeared with zero warnings. Chart is a bit messy as I port over my systems to TV.
Just a test idea with different chart layouts from other ideas. > Support lays around the 2640 / 2625 region > If a trade triggers initial targets 2700/2710 level
SandP 500 Index SPX The same wild triangle as Google is less well defined on SandP - at least on downside - will likely retest the rising dynamic of the triangle here ansd will follow Google, not the other way round. It does however look quite threatening - one thing for sure, this cannot be bought again until it either it breaks lower still or only once 2675...