Snp500
US500. high are placed? or not?#US500 (S & P)... market sustain from lat couple of 4 hours candle.
and as we discussed in our perveious us500 analysis that 4780 is market resistance area.. market break it but did not sustain above that area,
now again that is our resistance area if market hold it then now drop expected from here,
keep in mind guys that is market key level 4780.
manage accordingly.
trade wisely
good luck
sharp fall is expected in global marketI analyzed s&P500 index today but it includes all of global markets.
dollar index's power is gaining strongly.
Biden's economic strategy with china seems not working well and USA and China's bond are too tight since 2008 financial crisis. the second possible Lehman brother's crash is on the way.
I don't know which banks will lead the crash but this time it will be wider and wild.
MACD is getting weaker and Russia's sharpy raising interest 350bp hikes is also the issue.
The too much unsolved disasters are on the way which is not good for all traders.
Higher high, the Lower low.
SNP likely flipping lower...looking for shorts on h1 etc...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Flipping on the index to the downside, correlating with the strengthening in USD?Let's see...
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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US500/S&P hold his resistance ? keep close#US500.. well guys now a deep look on us500 chart. market smoothly trade with higher high pattern and now market is at his upside resistance area,
4780 will be our resistance area if market hold it then now a dip or retrace expected from here.
keep close it and don't be lazy here,
if not hold then upside areas will update in our next idea about s S&P
trade wisley
good luck
SPY Bullish Breakout! Buy!
Hello,Traders!
SPY is trading in an uptrend
And the price broke the key
Horizontal level of 460$
Which is now a support and
After the pullback and retest
I will be expecting a
Bullish continuation
Buy!
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Check out other forecasts below too!
S&P500 Retracement 07.12.2023The U.S. benhmark indices are currently experiencing high volatility and large deviations from the mean.
Yesterday the S&P500 dropped heavily and has not retraced fully after reaching the important support at near 4550 USD. This might be completed today with the index price reaching the 61.8 Fibo level at least as indicated by the arrow.
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ES 6H OverviewOverview
ES is currently trading within a range from 4541 to 4508. Should the levels of 4500-4508 remain supportive, the next upward target is the supply zone around 4555. If it falls below 4500, a noteworthy area is approximately at 4485. Further down, there's a significant break and retest zone at around 4430.
Key Levels
Range: 4508-4541
Supply: 4555
Area of Interest: 4485
Break and Retest: 4430
SNP500 & My BIG SHORT - Recession TradeSPX is destined to drop hard, back to 2009 lows.
I decided to go short, to catch the next Market Crash.
It's the previous Wave 4 of a lesser degree.
If you know Elliott Wave as I do, then you are getting ready too.
In my opinion SPX500USD has topped a Wave 5 of a large degree.
More info on that in my Full Wave Count for that 150y old chart.
Here's a picture on that SPX500 / US500 Monthly Chart:
Now, what are the main reasons behind my BIG SHORT on US500.F ?
1. The Volatility Index (VIX) is showing a Fractal, the 2007-2009 same/exact sequence.
2. The United States Consumer Confidence Index (USCCI) is telling me that Consumers are entering the Fear Period.
3. The Federal Reserve Funds Rate (FEDFUNDS / FRED) has broken out of an important Downtrend.
4. The US Inflation Rate (USIRYY) is saying that a full-blown war has started.
5. The 10y Treasury Note Yield (TNX) just broke out of a 40y Downtrend.
6. The US 10y Government Bonds (US10 / US10Y / USB10YUSD) finalized a big bearish leg.
7. The Crypto Market Cap (TOTAL) & Bitcoin (BTCUSD) : The Golden King is taking over.
I know what you might be thinking: SPXUSD could actually do one last Bullish move, an overshoot in the last of the last 5th, right?
In this case, the Wave Count on ES1! could be one step behind, and the Impulse Extension in the 5th of 5th was left out.
Yes, that could be a scenario as well, and I will get burnt.
However, I do not think that's the case, so I am loading my Shorts on SPX500USD !
I could not help but noticing that SPX500 is doing the same Fractal Sequence it did on the previous 2007-2009 Recession.
My Sell Orders & Trading Signals on the SPX Market Crash:
* Aggressive Entry: @ Market Price ($3960)
* Moderate Entry: @ $4500 with SL @ 4900
* Conservative Entry: @ 4700.0 with SL @ 5400
* Position Trading: Sell Stop @ 3700.0 with SL @ 4800.0
* Targets @ : $3200 / $2750 / $2500 / $2200 / $1800 / $1400 / $1100
* Safety measures: when in the green, moving SL @ BE.
Good luck and many pips ahead!
Richard, the Wave Jedi.
The Expected Bounce was on Queue. Tomorrow We Drop.Traders,
We have been batting 1000 lately when it comes to the SPY. Might as well make another bold prediction. It would seem that the greatest probability of price action is outlined in the chart. An inverse H&S is forming and the right shoulder has yet to start.
I predicted the target down from the last H&S pattern to be 410. That was hit, almost to the dollar. I then predicted a huge bounce. We have that now. In fact, 7 days of green candles! Amazing. I even predicted the timing of the bounce. The charts gave me all of this data. I just had to read it correctly.
Now, the chart is telling me that it's time for a bit of a pause. If correct, we should see the right shoulder from that inverse H&S drawn now begin to form. If we're lucky we stay in my outlined green channel by using that 200 day ma near the bottom of the channel as support.
Blowoff top underway!
LFG!
Stew
NDQ, NDX, Nasdaq, Us100 setupIf price should trade above my Take profit 15209.56 - 15210.69 before 9:30am NY time on the 6th of Nov 2023, then I favor a market reversal to take profit below. But if market doesn't do that, I look for a direction which I believe the market should be going. Idea will be updated frequently.
This is a daily chart
ES 4H Analysis ES experienced a remarkable surge in the past week. However, we've returned to the crucial breakout and retest range of 4400-4430. For the rally to persist, it would be ideal for ES to have a moderate retracement and maintain demand in the vicinity of 4325-4340. While the price might continue its upward trajectory without a pullback, a measured retracement would be a positive sign. It's essential to remember that we remain in a declining channel and are approaching a vital zone characterized by the breakout, retest, and trendline resistance. Anticipate inconsistent and sluggish price movements (cooling period) before either a continuation or a reversal.
Key levels to monitor:
Resistance: 4400-4430
Support: 4325-4340
SPX : Overbought zone by Band of Midas
Nothing much here. Just a reminder.
Personally, i took my handsome profit.
1. 5 green candlesticks overbought.
2. Go into Upper Band of Midas.
3. Take profit and wait the next entry near mid midas line.
Huge profitable week. Took profit and have a good weekend. #bandofmidas
Combined US Indexes Bounced UP!Heads up that there is a significant development in the market structure, as observed by the last two weeks of activity.
Previous week, the weekly candle broke down two support lines, and closed well below. In addition, there was support from the TD Sequential counts for a downward momentum. This was also corroborated by the MACD and the VolDiv.
However, despite the technical indications, the market movement was totally opposite that started with a gap up, and ended with strong upside momentum. There are two very clear indications of a trend change:
1. The opposing candlestick is large and closed above the last six close; and
2. The TD Sequential reversed and started the opposing Setup.
Taken together, this are the first indications of a real trend change.
Next, this would need to follow through, and break above the trendline, and then the marked resistance.
Dxy Dropped. VIX Dropped. You Know What That Means?Traders,
SPY has bounced exactly as the charts had shown us it would do. I will briefly discuss what we can expect now in the weeks ahead as we continue our move towards the target of our blowoff top.
We will also look at a few of my short plays. I will discuss what I was thinking in entering and what I expect now.
I was stopped out of the NVDA play and will update my spreadsheet soon! BTC and SOL shorts are still on and SOL is well into profit.
Stewdamus
S&P / ES Setting up for shorts tomorrow and next week.S&P / ES are in an abnormal distribution right now; up 5% in a week even including priced in prior to Fed Interest rate, looks like a convenient short hunting continuation path at this point. Idea is, it should present a short set up pretty soon after the NFP and into next week, levels are stated in the chart, good luck.
S&P After 1 YearIt has been just over one year since my last post on the S&P 500 (Oct 2022) and the index is up by around 19% since then. Not bad. (adding the link of my related post.) The weekly chart with the indicators and the pattern between the Fibonacci levels show that it's highly possible that the pattern will be completed and we'll be testing the all time high at 4818. This week's bar seems to be a bullish engulfing bar which is a reversal of the down trend. Although the future is unpredictable, there's a chance of 11% upside according to this construction. Let's see how it goes.
SPY (Stocks) Should See a Nice Bounce This WeekTraders,
As mentioned in several of my previous posts and last video, SPY has now reached its downside target. This level at 410 provides strong support and correlates with our level of support on the RSI. I expect this week to be an up week for the S&P 500 and the stock market in general.
Best,
Stew