S&P500 1 Day Chart:
Short Price Target
V Calculation Negative
V = B - (C-B) = D
C $4,102 - B $3,491 = $611
B $3,491 - (C-B) $611 = $2,880 Price Target
Ichimoku Timespan:
A to B = 41-Bars (42-1)
B to C = 34-Bars (33+1)
C to D = 75-Bars (76-1) (41+34=75) Wednesday 22nd March 2023
Notes:
The Ichimoku Conversion Line (Tenkan Sen) looks like it is about to...
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...
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...
If you are familiar with gap
all gap has been touch is rejecting the price
which is the next move for the next 2weeks will be bearish, but price will fly soon
SPX has trended at a 57 degree angle since the 2008 financial crisis. While trend line theory suggests any stock above a 45 degree angle is troublesome, perhaps the SPX is an exception. However, the current trend we are witnessing is at a 67 degree angle, suggesting a significant pullback is warranted. Take this with the global fundamentals (slowing Europe,...
![SPX: [-15%] S&P 500](https://s3.tradingview.com/n/nO0L2RW8_mid.png "[-15%] S&P 500")
