IN this update we review the current price action in the SP500, using the EminiSP continuous front month contract to identify the next high probability trading locations
After an anticipated holyday sale: The futures for S&P500 are signaling a recovery today after the Black Friday`s low volume. S&P Futures up 0.61% Do you think the trend will continue during the week?
- BREAKING NEWS - According to WHO, the new covid strain is considered "serious" Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out. We have some...
The S&P500 has approached an area where we can slowly start to think about another corrective move by the index. Currently, there is still some room for the index to rise to areas around 4733 points. Then, it is time to cool-down a little bit. We expect the index to fall below 4584 points, before the bulls take over again. Okaaaaay, let's go!
It IS rocket science when we are analyzing the S&P500 and where it is about to go, because this thing is literally a rocket! We expect it to rise to areas above 4549 points. After a small correction, we expect it to extend new all-time highs above 4620 points. Happy weekend!
After the S&P 500 broke the Uptrend, the price target for my group was the May top, which should turn into support: So the price target was around 4220usd. But there were lots of investors who bought the dip and didn`t waited for the obvious retracement after the broken uptrend, so SPX found support in May`s dip, 4280. I expect a sideways movement before the...
Back in August, I applied the Fib. Retracement tool, albeit wrongly, to forecast the possible move the S&P 500 will go before a sizeable correction will happen. 2 months later, turns out to be pretty accurate! Well, not to the T but still pretty impressive I'd say! So, the next question will be how low will it go before resuming its trend? Or is this selloff the...
Although the S&P500 has lost some power, we expect it to rise further and turn into a correction at around 4502 points. This correction should stretch to around 4451 points and pave the way for surges past 4549 points. Have a good start to the week!
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. OR 2) Market continues to rally up past 4500, signaling trend continuation **Red...
anyone else get that nice bottom buy bounce? support from trend line break objective, a fib extension zone and the 61.8% fib retracement all coming together.
Have we reached top of wave 3? Or are we already at wave 5, looking for an ABC correction?
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...
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...
Hi All 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. Happy weekend!
S&P 500 on major breakout level Of it break the level it will go up and will make new or it go down again If it sustained on above breakout level it will make boom.
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.
Hi all This Gartley pattern also has at the 5min the SMA800 chart, also we a strong resistance area at the Monthly chart.