Hi guys, Seems we have a breakout & retest of the weekly 50 MA. If we manage to close above here we should follow thru to the 6000 area in the next months. Happy hunting !
What's NEXT? PATIENCE BABY! If nothing Happens, why would you try to make it Happen! Let's Concentrate on some NICE plays and TRADE them Well! No need to OVERTRADE!
if we are in a uptrend with an inverted head and shoulders pattern, we should see a bounce here to continue the uptrend otherwise the symmetrical triangle pattern will be destroyed, BTW there are 2 symmetrical triangles.
It looks like the SPX has topped out temporarily. This woudn't be too farfetched as the previous couple uptrends lasted for 34, 36, 21, 23, 40, and 33 days. Right now, we're looking at a top which has been formed after 28 days. From the looks of it, its trying to form a falling channel. The properties of this pattern are: - Declining parralel support and...
The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue....
This week I'm targeting the daily volume imbalance. However, I'm neutral on whether the price will go higher.
I don't see any recovery soon for the US indices in general. We're still in a BEAR Market after all.
Hi everyone! The trend is bullish on S&P 500 (Futures), and if we try to follow US Index on intraday chart, we have two important levels: 4,189.75 and 4,098.50. Potential resistance breakout should develop a harmonic structure with Target around 4,238.50, conversely, 4,098.50 failure should trigger bearish consolidation around 4,048.00 area. Technically, both...
Hi everyone! The short-term technical structure remains bullish, but to confirm it, it is forced to follow one of the movements shown on the chart (1h), having said that, let's try to follow today's session together... If this idea will be supported by your "Likes" we will continue to follow the crypto with updates below. thanks for your attention and please......
This week I'm targeting the daily FVG. We broke the previous BSL last week now heading toward the FVG.
This week I'm targeting the daily FVG. We broke the previous BSL last week now heading toward the FVG.
$SPX weekly is showing bullish signs. $AMZN $AAPL $GOOG $GOOGL good earnings can boost the market further.
Can the SPX do a reversal pattern for the history books and leave all the bears with their pants down?
SP500 analysis : Outperformers : 1. Telecom 2. Consumer Durables 3. Real Estate 4. Technology 5. Finance 6. Materials 7. Energy Underperformers : 1. Industrials 2. Utilities 3. Healthcare 4. Staples
By comparing the charts of US indexes vs European indexes we usuallly find pretty much the same patterns. However there is something that really caught my attention, compare the monthly chart of sp500 vs Dax: DAX is only 6,54% from all time highs of 2022 SP500 is 15,40% from its all time highs of 2022. NASDAQ is 28,45% from it's all time highs of 2022 This...
Looks like the bulls are loosing the battle here, the buying power is really weak...
Okay, I'm just gonna say it. People have the attention span of gold-fish. We cannot forget the storm that is brewing and the bullshit they're setting up. For starters, don't forget about SBF and FTT. But wait, what was even before that? The Evergrande Situation? And then what about before then/around that time...(See, I'm guilty of it too), but there was there...
When i'm wrong, i'm usually wrong very quickly. My last analysis was invalidated within 24 hours, which is ok because now we know the direction for sure. Its important to know as to why this breakout is important. A structure, as long as 264 days has been broken. A broken structure leads to change! Usually a change in trend. That does not mean we're going to...