We can see a clear divergence on SPX chart, and wolfe wave pattern on S&P 500 futures chart.
We can open a short term Long position with ±2700 first target.
Pay attention it is only a short term corrective wave of the downtrend.
I will update this trade idea.
Good luck!
p.s. I attached my previous ideas
The daily chart is telling us two things. Things or getting ready to get nasty or we are getting ready to recover. We will know after tomorrows action but until then direction is at the mercy of the market. Daily chart shows an immediate need for caution on the bull side. Our 14 and 50 EMAs have rolled over indicating we are due for a couple week of sideways...
SP500 index- major Uptrend line breach at red arrow . Uptrend commenced early 2016.
Either sideways consolidation next, followed by UpTrend continuation OR formation into a trend reversal to a new down trend. More candles required for either to be confirmed.
Since Trump Election 11-16 SP500 has settled below 200 SMA only one other time on 4/2/18 and only for a day. Yesterday the SP500 closed at (2728.37) below the 200 SMA (2765.75)
A close below signals a lack of buyers at discount levels and a bear market is born.
A close above and new all time high could happen in short order.
Mid Term elections here we...
This index could still run a few miles ahead even though there is a tremendous technological valuation that needs correction.
A lot of things can change in 10 years, whether you like it or not Trump has a lot of power and influence on the USA and world economy for the next decade.
This projection is based on the fractal nature of market cycles.
Triangle wave IV recently completed and current leading diagonal primary wave 1 nearing completion. The diagonal should have 3-3-3-3-3 structure, and it appears to be about to finish the last leg this week or next; maybe right after Labor Day. Primary wave 2 could be a significant correction, setting up a nice Santa Claus rally in November. We'll see.
Cheers -
Exchange rate bounced from 2872.62 it is puwerfull buy signal.
Also, Long - term trend is bullish and news about US economy is briliant.
I recomment to open a Long near: 2878.30
S/L: 2853.88
T/P: 2951.17
CCL - Candle created level
CAP - Candle Approved level
FB - Fake broke
P - potential profit in 3 times bigger
P.S. Push like and subscribe if you want to...
Hello Traders,
S&P500 Elliott wave view suggests that the pullback to $2803.34 low ended red wave 2. Up from there, the rally higher to $2917.50 high ended black wave ((i)). The internals of that rally higher unfolded as impulse structure with the sub-division of 5 waves structure in it’s each leg higher i.e blue wave (i), (iii) & (v).
Up from $2803.34 low, the...
TP = 2,889.25 and 2,910 both hit as the 4H Channel Up (RSI = 56.683, MACD = 5.780) made a new Higher High at 2,917.50. Having now formed a new Higher Low at 2,891.75 (Highs/Lows = 0), the index is ready to reach our final TP of this weekly bullish leg = 2,930. This upside move is further strengthened by the 1D Channel Up (RSI = 66.763, MACD = 25.330, Highs/Lows =...
Hello Traders,
S&P500 short-term Elliott wave view suggests that the decline to $2803.34 low ended red wave 4 pullback. The internals of that pullback unfolded as Elliott wave zigzag correction. The lesser degree black wave ((a)) ended in 5 waves at $2820.5 low. Then the bounce to $2843.50 high ended black wave ((b)) bounce as a Flat correction. Down from there,...
Hi everyone,
so SPX has been performing like I forecasted. Have a look at the last analysis: Now the index is nearing its all-time high. And in my opinion, it is just a matter of time when it takes out the all-time high.
However, having a look at the index now, it can be the case that the SPX can do a correction lower in the next week or 2 before extending...
When I fit the chart in the Fibonacci sequence, I conclude that it exactly fits in the sequence as how I show it here and as how my experience has learned me that charts behave concerning the Fibonacci sequence.
- The price went up from '0' to 700 points between 1980 and 1996 = Fibonacci 0% to 78,6%
- Than the price went further to 1200 points between 1996 and...
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500. After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's August so the...
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500. After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's August so the...
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500. After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's August so the...
