The 4270.00 level can contain selling through Q1, above which 4634.50 remains a 3 - 5 week target, 4864.25 likely over the next 3 - 5 months. Upside, 4634.50 can contain weekly buying pressures, while closing above 4634.50 indicates the targeted 4864.25 by the end of February where the market can top out into Q2. Downside, a settlement below 4270.00 signals...
Wall Street Investment banks are predicting various prices for the S&P 500 close at the end of 2024. But if the current 1-year Treasury Bill Yield is the same as the estimates then why bother buying the S&P 500? It would be safer buying bills and you may get an equal return. This piece of analysis will look at: Historical accuracy of Wall Street Banks S&P 500...
We are currently in an upwards rally in the markets With a trend fib being pulled from our larger lows we have a coinciding level of the 50% retracement converging with the top line of our rising wedge which is a bearish pattern (depending on how long this march takes we could meet our golden ratio 61.8% at the top of our wedge creating a yearly double top as a...
I like this retracement up on the SP500. I like this SELL opportunity because the indices are also way overbought. Share your thoughts! See more information below👇 in the profile. The Professor
Hello Traders! Today I am focusing on the S&P500's next move and considering that we are approaching the Christmas period and that I am expecting a year-end bullrun towards 4700 I believe that at the moment the index could retrace towards 4525 with a maximum extension towards 4485 to load some long positions at better prices and then restart towards the...
Recent Rally: The S&P 500 has shown remarkable resilience, rallying nearly 10% in November 2023. This surge has brought the index close to its 2023 intraday high, primarily driven by positive earnings among Big Tech companies and easing macroeconomic pressures. Current Position: As of now, the S&P 500 is positioned at approximately 4,514, which is just 2.1%...
We have the bullish trend and we are likely to enter the retracement to go in favor of the trend with a minimum risk benefit of 1/3
The SP500 index has been correcting since August. When we look at this correction, I also see that it is in line with the Elliot Wave principle. Last week, the index fell to $4115 and found the support level indicated by the volume profile indicator. I think that the index will find support around this level and return to the uptrend. Therefore, although I think...
+ Oversold zone in Daily + Stock RSI exhausted + Reached falling channel dip and bounced there What now? Not financial advice.
No need to overthink this one. Pretty clear trend line on a linear chart. Why linear? Cause we aren't looking at multiples in price change, logarithmic wouldn't be best used here, and I have seen many charts showing false trend lines with a log chart. Logarithmic scales are useful when the data you are displaying is much less or much more than the rest of the...
1. Less Bearish Scenario We have a 1-2 1-2 with the impulse wave 3 down in progress or still to come. The difference between the 2 scenarios is the higher timeframe. In this less bearish scenario, this move down is part of the primary wave C in the correction that started Jan 22. Once is done a new cycle will begin. 2. Bearish scenario In the bearish...
SP500 for my scenario is bullish because, I think we just created a consolidation which we broke above and also the market has been going down for a while. So I think it should reverse anytime soon. However, DYOR and if you can, let me know about how you see the chart.
This naturally rimes with the Nasdaq signals and with the overall global equities outlook. Here, two opposing forces are the most significant factor; 1) The unfolding (and enduring!) USD strength - Downward pressure ; 2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure . Driven by the rapidly unraveling ...
Hello Trader! A significant amount of liquidity was taken out with the upward impulse. Now, there's a high probability of heading down to capture the lower liquidity. 🚀Please support my efforts with the "Boost" button. ❤️And a comment is the best thing you can do for me now!
VANTAGE:SP500 | The last one, the final boss of charting trades
Trade Details Buy Limit Entry: 4259.50 Take Profit 1: 4316.66 (4R) Take Profit 2: 4398.62 (8R) Take Profit 3: 4467.77 (13R) Stop Loss: 4242.72 (-1R) Key Notes Order flow: Bullish Trend: Bullish Structure: Broken Entry at Golden Zone Disclaimer: This is just a sample template and should not be used as financial advice. Always do your own...
Hello traders as you can see in my analysis it seems like spx500 has changed from an uptrend to a down trend forming a head and shoulder a classic bearish reversal pattern . i believe the price is being influenced by the dollar monetary policy and the situation in Palestine so watch out for that . but technically speaking , the price is coming down. please...
elliot prediction without news at sp 500 sp500 bull power in my sight, im just betting on it, did not follow any macroeconomic data yet just by the maket move this analisys and nothing else, this is not a profitable trade, just get an idea what i am doing on these days, hope you trade safe.