Continuation of the previous charts as I learn new things or make corrections.
S&P 500 short targets from distribution $3250-$3450 area
Expecting SPX to move up from here since the 5 EMA crossed above the upper limit of the latest downwards channel. Target is the upper limit of the red channel (above the 80 EMA). Hereafter expecting price to correct again to the downside after the 5 EMA breaks out of the red channel. A close back below the last green channel invalidates this idea.
My W4 on weekly HTF chart is looking likely. If the Fed & ECB are in the debt market trying to stabilize the system via repo swaps then this dump is going to be a normalization process and the markets will chop around in some f**ked up range until W4 is complete around 1.9%-2.2% during this normalization period bullish momo will fizzle out and bears will short all...
SP500 is ready to move up and give good returns. It will give a good reward with minimum stop loss
Setup: 1. we note a d3 Choch 2. OB D3 3. Liquidity D3 4. will wait for 12H LTF Choch 5. Last OB H12 OB creation 6. Then we willSell
Despite the holiday in the United States, S&P500 has not been lazing around but has climbed into the middle white zone between 4156 and 4224 points. There, the index should finish wave (3) in white and subsequently start a countermovement into the lower white zone between 4076 and 3999 points. After it has completed wave (4) in white in this region, S&P500 should...
S&P500 It remains bearish, in the next few days we will have a second opportunity to sell it. Note: See order block 3D Chart
S&P500 has formed triple bottom around 3800 shown a minor pullback Technically, near-term resistance is at 4000 significant support stands at 3800
There was a huge gap from the last run up, now is covered and creating a new fractal, now everything looks like a real upstair 4300
The long-term trend remains bullish and the current ABC corrective pattern could have been completed.
Was this a back test or is there more downside? Looks pretty clean to me.
An exhausting time lies behind S&P500! It has been moving up and down with vivid gestures and has paced itself a bit only recently. We expect the index to take a rest in the magenta zone between 3788 and 3683 points, where it should also finish wave iv in magenta. Afterwards, it should be revived enough to rise towards the mark at 4101 points. However, there is a...
What's up everyone. Been a rough last few weeks as we know! We ended this CRAZY week in a DOJI and Daily Which looks to be a Long Legged Doji (Trend Reversal) We do on the other hand a have a gap to be filled at 400 levels highlighted. It could either dump down there and fill or possible gap up monday morning.. From the looks of it though with Bitcoin going down...
Today was disappointing to say the least. When I say I know some of the best Elliot Wave Practitioners on PLANET EARTH, I am not exaggerating. No one was expecting this. The Math at the 1.0 Fib Extension was perfect. WHY GIVE IT AWAY? The problem with today is we lost positive divergence on the daily chart. What does that mean? We go down...is what that...
Theory of Rational Bubbles: www.jstor.org Testing for Multiple Bubbles: korora.econ.yale.edu
✅S&P500 is looking bearish on weekly timeframe ✅As per my setup and strategy we are highly expecting price to drop lower my target will be 3581 ✅ This could be bad news for crypto ✅Plan risk management according to your requirements. ✅The setup might fail if any external event effects the price or if did not follow the rules Note :This is my personal...
Yesterday SP500 has risen fueled by the FED. However, this rise is extremely short-lived and the index is back in support I expect a break of this support followed by a violent drop. 3.5k remains my target and I think it will be reached sooner rather than later