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.
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...
SP500 gets again to the MegaPhone pattern top trendline, big fall can come from here
SP500 after a nice up move from Daily MA400 Now at the up trend line of the pattern, looks like its gonna be a false break since the monthly chart at the big Fibo E level resistance
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...
Technical analysis on SP500
Everything can be seen on the graph. We are waiting for the approach to the price to the zone of interest, if it does not interrupt EQL .
We expect the SP500 to fly high like SnooP(500) Doggy Dogg and reach above 4238 (sorry not 420). There, a correction should set in which will bring us back below 4238 points. However, afterwards we expect the SP500 to rise again and reach new all-time highs. Stay tuned!
Our proprietary model uses 26 inputs to calculate which day is going to be the high and low for the coming week. If you like trading QQQ or Nasdaq OPTIONS than you need to subscribe. We bought the QQQ 343 Calls last Friday at 1.62. Today the range for the 343 Calls was 1.58 / 2.65 and the calls closed at 2.32 (after the Tesla earnings report created a little...
Traders are digesting news that Biden plans to double capital gains taxes on the wealthy. As result, SP500 lost $30 in one trading session. However, it recovered the next day. The proposal has not been officially announced but details reported by Bloomberg include raising the top marginal tax rate to 39.6% from 37% while lifting the capital gains rate from 20%...