lots of confluence to support this idea, but would be quite bearish
Continuing on my quest to 100k, it's looking like a bottom to me for the S&P 500 so I put in a Buy order with a TP at 4600, considering it was there just a few days back. Happy Trading and stay safe. Heiko
S&P 500 will have a major correction after a year of bull run
I am seeing the start of a possible textbook head and shoulders pattern on the futures chart. If we have a blood bath next week it could just be the start of the pain. Especially if we end the quarter badly (March 31st). There are a lot of fundamental reasons we should be cautious in this market. Europe is seeing war on their doorstep. China is seeing massive...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON US 500. The index opened the week with a bullish rally since it broke out of that descending channel. * The index is still strongly bullish looking at momentum to the up side, but what goes up must come down the question is...
Looking at the daily chart on the ES futures contract (S&P) Today was a big day with price pulling up and holding the lows form Feb 24. The market has been on a crazy bull run since March 2009 so seeing this pullback is no surprise really, in fact I am surprised it didn't come earlier. Of course there was the pretty short-term collapse in 2020 but then the strong...
Nasdaq is in extreme support will bounce back after fed meeting Note: This is only for educational purpose, please consult your financial advisor for investing.
US30 has broken to the downside with a GAP opening as explained in my analysis. Now the price is testing the previous support as resistance and likely drop from 33410. If you enjoy this analysis, please like the idea and share it with your friends Disclaimer: This is not investment advice and is shared only for educational purposes. Do your own analysis before...
This is the weekly chart and with only tomorrow left for this week, will it actually end positive for the week? And what about last week - Hammer candle? Bullish maybe? Hopefully? And this weeks candle might end off with a bullish hammer candle also(or positive?) Also, the AO is showing GREEN for this week so that's positive right? Hard to say with this war...
The market is likely to see a bit of a pullback continue, which is healthy in what has been a very strong uptrend anyway. I have no interest in shorting this market, and if it falls apart, I think that January will simply end up being at a great longer-term buying opportunity as traders will look to be putting on risk to kick off the new year as per usual. The...
This is a chart showing treasury yields, color coded by duration (yellow is the 1 year, dark blue is the 30 year), with the $SPX in the lower frame. Each red line shows a major market top and how they relate to yield compression followed by inversion. It looks to me like shorter term yields always rise vs longer term yields quite awhile before bear markets occur...
Crazy world we live in - who would think in 2022 that a country would actually invade another country forcefully. With that going on, the index crashed obviously, actually all of them did. I put my order in a few days ago hoping price would get down to 4200. I put my TP there but price action almost hit 4100. I'm not complaining though - from 4340 to 4200 is...
This is not a trade idea, more of a market observation. S&P500 head and shoulders speaks volumes. Markets are jittery at the moment (to say the least) with a major sell-off occurring across risk assets and currencies. Markets are over extended and volatile. Not a time to be actively trading imo, sometimes its best to sit back and wait for the dust to settle.
Could this be it? The BIG one we have all been waiting for? At least I have been waiting for it. Has ALL the forces come together in the perfect storm to have the S&P drop 30% or 40%?? I know it's going to happen, just don't know when. But so far my Sell order is doing well. Next up is 4200 level - this is a good psycholgical level and will be a decent...
I don't know what's going to happen this week in Europe, but I know one thing - tensions are high!! When tensions are high, investors get spooked. When investors get spooked, they get out of the S and P and put their money into Gold. Right now Gold is up and the S and P is down. I got into a Sell Order at 4340 and we shall see what happens this week. I think...
#SPX For the S&P 500 the right shoulder of a possible bearish SKS has started to form. Crucial support is at ≈ $4200. Should we break below, it would open up the possibility of a downward correction. Relevant support levels are at $3818 (0.382 Fib. retracement) and at $3507 (0.5 Fib. retracement) which could act as possible technical safety nets in which we could...
It appears we might see a bearish cross on the monthly MACD for SPY. The histogram reached its highest level back in Jun-Aug 2021. The histogram measures the spread between the two EMAs. We might conclude that we've never seen the market rally as much as this in such a short amount of time. The Covid recovery was truly unprecedented. The QQQ monthly MACD has...