S&P500 seems to be tickled pink – metaphorically as well as literally. The index has taken to our expectations and has a lot of pink to face. First, the index should fall below the support at 3639 points and into the pink zone between 3598 and 3508 points to finish wave III in pink. Then, it should return above this mark once more to complete wave IV in pink in...
Accurate analysis. That's an update. Based on my analysis for US500 on Aug 17. To be Notified about the analysis, follow me and contact me if you have any comments or questions. (I will answer whenever I have time).
That’s generally the question when preparing steaks. Additionally, we might also ask S&P500 whether it is already done – namely with wave V in pink and wave 3 in blue. We still give the index some time and room to finish them both, but afterwards, it should get started on a countermovement leading into the lower blue zone between 4144 and 3998 points. There, it...
As you can see, the most important resistance zone for S&P500 is 43450 to 43650...
Despite the holiday in the United States, S&P500 has not been lazing around but has climbed into the middle white zone between 4156 and 4224 points. There, the index should finish wave (3) in white and subsequently start a countermovement into the lower white zone between 4076 and 3999 points. After it has completed wave (4) in white in this region, S&P500 should...
An exhausting time lies behind S&P500! It has been moving up and down with vivid gestures and has paced itself a bit only recently. We expect the index to take a rest in the magenta zone between 3788 and 3683 points, where it should also finish wave iv in magenta. Afterwards, it should be revived enough to rise towards the mark at 4101 points. However, there is a...
S&P500 is quite ambitious these days and has made it not only into the middle white zone between 4458 and 4509 points but also into the blue zone between 4510 and 4550 points directly above it. As matters stand, there is a 38% chance that the index could rise above the resistance at 4585 from this position. However, we rather expect S&P500 to initiate a...
S&P500 has to check its air supply because it must decide whether it should dive until the bottom of the turquoise zone between 4251 and 4135 points immediately or rather return to 4275 points first for some fresh air. Whatever its decision will be, we expect the index to start into a new upwards movement after finishing wave ii in turquoise at the bottom of the...
No, we are not talking about the cocktail! S&P500 has been hopping up and down within the green zone between 4354 and 4253 points like a grasshopper in its grassy territory. At the moment, it is heading for the support line at 4354 points and could very well jump above it already. It could also stay in the patch of grass a little bit longer, though, and warm up...
Futures pre-market analysis not look great for AMEX:SPY in my eyes. Big rejection when trying turn to green bar on today (1,60% wick).
Downside 4200 PT possible for bears if stays below 4500 level.
Hi everyone, SPX is currently playing Impulse Intermediate wave 5 of a Main A Wave. Most probable targets for this Wave 5 are 4212 and 3976. Because last Wave 2 (in blue) was very strong, im expected at least a troncated wave 5 at 4212. 4358 (100% of fobonnacci) is the 1st possible Wave 5 target but i would be very surprised if the market makers are not bringing...
“Excellent…”, we mutter slowly, steepling our fingertips while watching S&P500 move. In an exemplary manner, the index has finalized wave in turquoise in our turquoise target zone and is now in the middle of the countermovement we predicted. However, other than Mr. Burns from “The Simpsons”, whose trademark expression we borrow here, our next plan for the index...
Last week, SP500 found strong support in 4500 zone and reversed strongly and with a big impulse. Now the index is in a small correction of this first impulse up and we can have a new leg up pretty soon. 4630-4650 zone is support at this moment and dips around here should be bought. A drop under 4600 would negate this scenario and would put SP500 in no men's land
What has started like a healthy and meaningful correction, has proven to be an anemic not even 10% drop for SP500. The index found strong support at this moment in 4300 zone and as long as this area is intact we can see it challenge the all-time high in the next trading sessions. I will look to buy dips in search of a good R:R for my trade
Bull market is over. End of X-wave pattern. This pattern begin very violent downside action, which could push the S&P down 35-40%. Stock market conditions will be extremely treacherous for the next period - please be careful.
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...
All info is on the chart. Good Luck.