Long Trigger on SPY for 1 Hr Chart. Will keep an eye on Volume as well for confirmation. Be aware of Roll Overs this week. So may get volatile before catching some tail wind.
Bit of wait and see for me. Monthly-Daily telling me price is going to seek Monthly ERL (go higher). Weekly telling me we are heading for weekly ERL first (go lower). Wait and see until things are more clear.
Its true but while Bears are salivating on these moves there is still room to hurt them and liquidate some of their accounts. Bullish structure has not been broken for one. Yes Price will gap down opening next week. But a possible bounce can be found anywhere around 4556...so keep your eyes 👀 opened. My advise TP the majority of your shorts and you can watch from...
Weekly Bias slightly bearish if H4 price action supports the IRL to ERL bias for SPX & US30. Weekly bias slightly at odds with monthly bias right now, so will likely wait and see for Weekly-H4 setups.
Why I am bearish on the S&P 500? - WBR Forecast indicator is BEARISH - We are entering a key zone which we've struggled to breakout from for the past 5 months. - Jim Cramer is bearish (Usually not a good thing lol) #inversecramer My personal trade: Stop Loss / Take Profits: - Entry: $455.45 - Take Profit 1: $432.24 - Take Profit 2: $412.06 - Take Profit 3:...
Retrace more than upward trend line. Hold for at least a few days to see outcome. Cut losses early if unconfident, protect gains when market move in your favour.
Hi everyone, After a LONG LONG LONG bear market, the time is now to share with you some positive news! Lets see one of my favorite indicator : MA 50 and 200 timeframe 3 days (Usually I use 4 : RSI, Fibonacci, Hash Ribbon timeframe Weekly and MA 50 and 200 timeframe 3 days). I noticed a new GOLDEN CROSS that appeared very recently... Each time we get this Golden...
We got the rejection we were looking for at 4440. We took our first profits at 4420. Now we are looking for a pullback UP and then enter again with a final target zone of 44.10 or so.
SPX loves cups and handles. All the highlighted Cup & Handles on daily have played out beautifully so far, they all have been to the upside so far, but now we are making one to the downside with targets towards 4150. Then how do we reach new highs? If we zoom out to monthly TF things become clearer. As long as we stay above 0.5 or close above it on monthly,...
I posted this chart just last week as part of my Major short setup going back weeks. Link to previous post in the description, please go through that setup to get the context. This is going to be a short post, since everything is going as per the plan we just have to wait and watch, Price back to where I expect either a break below or bounce to continue...
Just by simply measuring the previous corrections in the stock market, it is clear that corrections in general do not take long. The average size corrections seems to be between 3 and 5 weeks. The botom of the current correction is found in week 4. As the price is also holding a critical support level, the probability of this being the bottom is incredibly high....
I posted this chart few weeks ago as a follow up to my short to show the few paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea. The only difference is that this happened...
ES has been following the bullish count almost to the dot for the majority of the year so far. Right now ES is on critical trendline and fib support and RSI has several points of bullish divergence. If the trendline breaks, it is still not the end of the world. But, if 4300 level breaks, then it will be very worrisome. Below 4200, the doom and gloomers may be...
OANDA:SPX500USD We will have choppy times ahead. Target 4600 Above 4600 Vey Low Volume The sentiment is positive 4060 is support Technically Higher Highs Lower Lows We are slowly leaving the current ange The ranges are increasing The S&P 500 has rallied rather significantly during the course of the week to break above the 4200 level, showing signs of...
I vividly recall a few years back having just finished labeling the above chart of the SP500 from inception. I labeled the chart and included most of the historical events that occurred over the course of that time. As a trader, I wanted to have a quick reference visual picture of price action during war time, innovation, and societal change, juxtaposed on my...
Time to view all possibilities after a weak Friday of movement. I have developed an indicator that identifies Wave 3s, wave 3 of wave 3, and the end of corrective waves (2, 4, or B) which can be found here: . Some wave 1 and wave A ends will get a signal, but it takes other analysis to identify those points. Applying that script to the chart at the intervals...
SP:SPX Last time we dropped 35% on covid pandemic Now we have a correction 27% its more than enough Last impulse up till 2025 November can be in a range 5500 - 6200 Take profit and exit line on my custom indicator, all lines are dynamic Before we will see new trigger and end of 18 year property cycle Than we will see big correction to 3200-3000 "Buy...
Looks like we are in the 5th wave of the Cycle HTF wave 3. My analysis suggests that this move will take anywhere from 6 months to18 months to finish before an aggressive wave 4 bear market on the cycle HTF.