This might be part of news play or is it?
So, there's 2 scenarios that this can play out.
1. Market is going to rally to 4450 area, and then drop the 200 points
*White 12345 = Daily impulse.
Yellow 12345 + Green ABC = 4H complete cycle. Supply & Demand Zones as reversal areas.
2) Market continues to rally up past 4500, signaling trend continuation
Thank you for the like and comments, really appreciated! This is an idea not a financial advice.
The chart highlights every time when volumes and candlesticks signals a strong selling force but the chart went the other way around continuing to grow indefinitely following a safe 45 degrees angle.
The red line...
I feel it is my duty to take a general picture of the situation regarding the most important financial market in the world, the American one.
The S&P 500, after the 2008 crisis recovered in 2013, then began a real climb interrupted by some "jolts", especially the recent -30% during the first wave of the virus.
However, if we analyze the monthly chart, from...
SP500 is super high at the moment, since 2021 started we didn't see some big down move since the FED is pump support.
All my tools show me that this month need to end a Red Monthly candle or at least be the last small blue, I add this trade since it's a safe one that can hold a sneak attack if come, you can split your positions to short every 16 points of...
It is almost over with the S&P’s great run. Our expectation centers around the view that there will be a corrective movement coming it at around 4558 points. Once the course drops to around 4452 points, there will be new opportunities to enter the market.
Update on SP500
Bullish Momentum till $5000
After we hit that point I see a retest in the market such as a small crash - will update you guys closer to Area.
My BIAS for now is still bullish.
- Share your opinion in the comments below and support the idea.
Thank you for the support.
As what should be no surprise, the S&P 500 has found itself on the verge of breaking bullish out of another bearish ascending channel.
Typically, when price action breaks bullish out of a bearish pattern the moves are very powerful.
This brings us to exhibit A on the weekly chart. A decisive breakout occurred last week and now this week currently looks to be...
Final channel wave 5 with 445 resistance – equals 1.618 extension of wave 1 - 2.618 of wave 3 zig zag – but also the first wave extension 2.618 in wave 5.
A lot of resistance in area around 420 where it has been trading for 2 months. Combined with falling trading volume this consolidation period can become a lot more volatile with the smaller volume, and this...
Playing around with this count on the LT weekly chart from b4 2000 dot com bubble. SP500 looks like a very clean 5 up & 5 wave down pattern 1 after another. I am sure that if we dial down into the LTF we could find many complex Flat & zig zag corrections but zoomed out everything looks pretty clean.
The W3 that we are currently in lines up with 4600 rough target....
SP500 on the 4h chart retraced exactly at the 0.5 Fibonacci level over an ascending trendline.
The price started then an impulse to the upside and is now trading below a previous resistance area.
According to Plancton's strategy if the price will break above we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly...
ES at the daily view.
Back in summer 2020, I mentioned that inflation would be coming. It's here now. That said, this is short-term inflation. The M2SL (money supply) might be vertically up. However, the M2V (velocity of money) is also almost vertically down. You need both of them up to cause runaway inflation. In an analogy, that's like having a lot of gasoline...