Hello traders! AUDNZD and S&P500 are in positive correlation, not tick by tick, but mostly they are moving together. Even when we see a deviation, they sooner or later somehow catch up each other. Well, after recent mess up and down on S&P500, seems like it remains bullish, it's just in consolidation mode before the uptrend resumes and it can be easily...
Due to the bullish action, we had to update our chart. We put a bullish alternative on the chart. At the moment, the bears are still in charge of the chart, and we see them aiming at the 3000 point mark. However, our alternative scenario depicted by alt. and the dashed arrows must be taken into account with a high percentage of 42%. Price action is in a crucial...
First profit ok. THE UP TREND CONTINUES SO TP2 AND TP3 APPLY.
🌍 The earth is turning against us, and it's time for us to board the spaceships leaving for Kepler-186f. Just kidding, it's not that bad! However, we still have to expect another -15% in the S&P500 for the upcoming weeks. Our target area for the correction lies between 2900 and 2650. From there, we expect major support by the bulls and a turnaround towards...
We are very close to experiencing the biggest correction in years in the main US indexes. We can observe a clear divergence between the index dollar and the S&P500, when it should be a mirror. Something says something smells bad. We must bear in mind that the SP500 is at a significant top and that it is highly unlikely to break it due to the current social,...
CURRENCYCOM:US100 Right now ,we waiting for conformation for this pullback, that's depends of U.S fiscal package before the U.S. presidential elections next month, Pelosi announce a dead line on Tuesday, if the don't reach an agreement, this aids couldn't happened before November 3rd... if this pullback confirm we can arrive to 3.800-3.900 very soon
Will the Sun rise again tomorrow? Yes, maybe it will. It always did the other day. So it will, won't it?
After reaching an all time high at 3600, SP corrected to 3200 zone and now is in a correction of this first leg down. I expect rallies to be caped at 3.5k zone and a new leg down can start from there. My target for SP in the medium term is 3k zone but with upcoming elections I would be very careful with shorting US Indice
The S&P500 reaches our potential turnaround area, where we expect bearish action. We do not want to see a breakout above the 3502 points, otherwise our primary expectation would be neutralised. Our target is still the region around 2900 points.
SP 500 Has managed to broke the upside trendline yesterday.From 3212.00 level it has rejected twice and makes a minor double bottom pattern and bounced after the primary touch in lower trendline.And managed broke the upside barrier we are expecting broke and Retest towards the lowerside support level comes around 3277.00 which is coordinating with trendline.From...
We think not. Our primary expectation is, that the SP500 is geared for a bigger correction as indicated on the chart. Our target is the region around 2900 points. From there we expect new all time highs in the long run. Right now the bears should keep the index below 3502 points. If we see a break out above this resistance our primary scenario is no longer valid....
Looking at the above chart with bearish RSI divergence makes me feel like the market is about to go down and start bleeding. But for Traders, there is an always opportunity for making money in any market movement
SP500 on the daily after going back at the previous high around 3400 level got rejected twice by the ema 21. Price broke the daily support and can look now for the lower trendline which also correspond to the 0618 level of the previous bullish leg. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any...
S&P 500 Futures 4H-TIMEFRAME ANALYSIS
Starting the week, the S&P500 continues the primary expectation and reaches the first target area for the current decline. On Sunday, the U.S. reported 32,186 new coronavirus cases, and several European countries have also seen a steady increase in COVID 19 cases over the past 24 hours spreading pessimism amongst investors. The World Health Organization predicts...
So S&P 500 is not looking good on the weekly chart right now. We got a bull run in 2020 up until 3600 and closed the candle with a long wick, which is bearish in my dictionary. So if we start to correct right now, let's check the trend. The Trend is broken by this week. It was not healthy as you can see. What says the indicators? RSI is since 2018 in a bearish...