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I'm looking for the rejection near the 50 MA, fibs, and cloud here in the daily timeframe. Rejection at the 10-week MA in the weekly timeframe. Looking for a test of the March 23 lows to 2100-2150 for a tradable bottom. Should it form, I'm looking for a larger rally to 3000-3100 for a counter trend that will be followed by an even bigger selloff back towards...
Looks like the bulls are back! Well, here is two scenarios that is possible. What do you think?
SPX Risk Range - 12:30:05 (UTC) Tue Apr 14, 2020
Frankly speaking, I do not think so. On high correlation between S&P 500 and WTI crude oil price - www.uvm.edu If we combine both assets into one instrument we will see it fights the balance point - Demark monthly pivot. There was also research done which showed that the entire forex market lags by a few seconds after stock indices. I do not even mention even...
The S&P 500 massive decline and the subsequent rally makes Elliot Wave sense. The coronavirus 35% sell-off was a classic five-wave EW impulse pattern. According to the theory, this implies that at least a three-wave correction should be expected. In SPX's case, the 28% rally that follows the decline is in three-wave so far and taking the shape of an a-b-c...
Previous Close: 2663 Top range: 2733 Bottom Range: 2409 Bias: Short 12:50:40 (UTC) Tue Apr 7, 2020
Hello traders, Description of the analysis: Be careful to trade and invest sparingly! About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main...
That zone of ~2640 seems guaranteed. Let's see what will happen around that trend line.
S&P 500 index uptrend ended. Previous lower low is broken. Nearest S&P target is 1650. Close your long positions.
Purple is support. Targets in blue. Not financial advice, for educational purposes only. Good luck homies.
S&P500 daily- reflecting south from 20-day MA and 38.2% Fib retracement level.
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Almost ready. The recession is just around the corner #SP500 #SPY
The hidden trendline has been breached and retested this morning. I'm expecting a significant rally today to 2840, maybe more if the short covering is intense. Good Luck!
The 200 period moving average has been acting as support for a long while. If this Coronavirus goes nuts, prices will slice right through it.
The SP500 dropped last week and stopped just above the average moving line 100 on the weekly graph, if we look at history in the last two serious price correction, The SP500 fell and did not stop at the 100 moving average line, but continued to the 200 moving average line According to Stochastic and RSI, the declines have not yet come to an end. Right now the...