S&P500 Index is trading within an expanding wedge pattern. The price is currently approaching its support. To buy with a confirmation, watch an hourly time frame. I spotted a double bottom pattern there. 4008 - 4011 is its neckline. Wait for its bullish breakout. You need an hourly candle close above to confirm that. Buy aggressively or on a retest. Goals...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Super BUllish 2 📆Monthly: after a deep correction now, the impulsive move is just started 3 📅Weekly: bear trend/beartrap double bottom/ make lower high 4 🕛Daily: the clear bull trend toward extreme high 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bullish 6: 2 Pattern...
It is my opinion that some form of a top is here. i have closed my calls..... even if we don't sell off and just go sideways; i don't think we will see higher all of dec. which means no santa rally this year. the bullish run should continue very early jan (jan 4 maybe) 2023. as an overview. i do think the bear market is over. i do think the bull market will...
S&P500 index is trading within an expanding wedge pattern on a daily. The price was stuck within a horizontal trading range for 2 week. Its resistance was finally broken yesterday. I think that it may push the market higher. Next resistance - 4118. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Hey traders, We have spotted a confirmed bullish breakout of a bullish flag pattern on S&P500 Index on 4H time frame. Retesting the broken trend line, we see a positive bullish reaction. I will expect a bullish trend continuation next week. Goal - 4030 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like,...
1) Market's bottom is not here yet!! 2) Bear market continues
Hey traders, S&P500 index broke and closed above a key daily structure resistance this week. Taking into considerations, that fundamentals are strongly supporting bulls now, I believe that the index will most likely keep growing. Next resistance - 4100 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Hey traders, S&P500 index has broken and closed above a solid horizontal supply area on a daily. That breakout will most likely trigger a bullish continuation. The next resistance that I spotted is 4100 - 4145 area. It will be the next goal for buyers. For entries, consider the underlined green area or a trend line. ❤️If you have any questions, please, ask...
Even though S&P500 index was very bullish on Friday, don't forget that the index is trading in a global bearish trend. The price has recently completed a correctional movement within a rising wedge pattern and broke its support. I believe that the market will drop soon. Goals: 3666 / 3588 ❤️If you have any questions, please, ask me in the comment...
S&P500 is trading in a long-term bearish trend. The market started a correctional movement, in the middle of October. The index was steadily growing within a rising wedge pattern. This week, its support went broken. I believe that it may trigger a trend-following movement. Next supports: 3666 / 3587 ❤️If you have any questions, please, ask me in the comment...
Hey traders, What a bullish week for S&P500 index. The market nicely bounced on Friday. Ahead is a key horizontal resistance. 3905 - 3935 is a solid supply zone. Wait for a bullish breakout of that next week. You need a daily candle close above that to confirm the breakout. The breakout will trigger a bullish continuation. Next goal will be 4118. Good...
So it turned out, that S&P500 managed to break and close above a solid daily supply zone. The broken structure turned into a demand zone now. I believe that the index will keep growing at least to 3905 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
S&P500 index looks very bearish to me this morning: the price reached a horizontal key level and then broke a support line of a rising wedge pattern on 1H. I believe that the index will drop to 3744 / 3717 levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Hey traders, S&P500 index is currently approaching 3515 - 3680 horizontal weekly structure support. I believe that the next bearish wave will initiate after its breakout. Patiently wait for a weekly candle close below the underlined area. A bearish continuation will be expected to 3300 then. Good luck next week! ❤️If you have any questions, please, ask me...
Over the past two years since the corona collapse, the index has recovered 2.2X. We will likely reach the support levels indicated on the chart in the next half a year. There will be a correction, a period of recession. The markets are overheated, full of artificial money. It is influenced by the news background, the policies of the world's largest economies, the...
Dow Jones Index is currently trading within a major weekly structure support. To catch a trend-following movement, we should wait for a bearish breakout of 28600 - 30000 area. Weekly candle close below that will most likely initiate a bearish continuation to 26500 support. Be patient and wait for a breakout, traders! ❤️If you have any questions, please, ask...
Hello everyone! This October I begin my TopStepTrader Micro combine! TradingView is my documentation system so Like and Follow my journey! ES has maintained its down trending posture and lending way to lower prices but currently exists in a somewhat balanced state between technical levels 3700 and 3500. This area could prove to be difficult, so I’m not...
Important update for S&P500 index. Price action, key levels. Bearish scenario explained. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️