S&P 500 Analysis: Bearish Area in correction case The SPx corrected the price to their resistance of 5460 and as long as under 5460 means falling to get 5409, so still running and consolidating between 5460 and 5409. Bullish Scenario: the price should reverse and stabilize above 5460 to a bullish trend toward 5491 and 5525 **Bearish Scenario:** The price will...
Unlike the Nasdaq 100, the S&P 500 has managed to keep it's near-term uptrend intact, painting a potentially bullish picture for the broad index. The next two weeks sees over 60% of the index's earnings get reported, offering major potential for volatility in individual names, especially among the "Magnificent 7" stocks that are so heavily weighted in the index....
S&P 500 Analysis: Reached to the breakout zone The price dropped and reached the breakout zone between 5550 and 5525, to confirm the right direction should close 4h candle above or below it. Bullish Scenario: The bullish trend will be activated by stabilizing above 5550 to get 5580 and above 5585 will get 5620. Bearish Scenario: For a downtrend, the price...
The price is currently at a key level, testing both support and the trendline. 1. Bearish Scenario (Breakdown): - If the price breaks below the support level, it may indicate the beginning of an ABC correction in the Elliott Wave pattern. - Action: Open a SHORT position with a smaller lot size. - If the price then retests the broken support (now acting as...
We got a large reversal today which makes me think that top is in for this cycle. As you can see from the chart, price went over resistance and closed back below it which is extremely bearish. From here, I think we'll see a move down to the first support at $4800, then I think it's likely that we bounce higher to make people think we're going to see another move...
SMCI is about to "break out" of the ascending triangle. We Should Buy SMCI Stock Now.
S&P 500 Analysis The S&P 500 has recently broken out of a "cup and handle" pattern, which is typically a bullish indicator. This breakout suggests a continuation of the upward trend, supported by the 21-day moving average that acts as a dynamic support level. Cup and Handle Pattern: This pattern is characterized by a "cup" formation followed by a short...
This is Part 1 of the Weekly Forex Forecast JuLY 15 - 19th In this video, we will cover: USD Index, S&P500 NASDAQ GOLD SILVER US OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I...
Cryptocurrencies are experiencing a deep pullback, with BTC now in the 50k-55k zone. Good Elliottwave correction from the top so far, so I think there can be more upside. But, but, wahts the biggest risk? If stocks pull back, thenn cryptos may struggle to recover. Historically, it's rare to see cryptos up when stocks are down. Something to keep in mind... GH
The S&P 500 continues its relentless uptrend as we start the second half of the year, but it is notable that the 14-day RSI indicator is at its highest level since 2023. While not a sign of an imminent pullback in and of itself, it does suggest that the short-term risks are tilting to the downside ahead of Fed Chairman Powell's Humphrey-Hawkins Testimony and the...
This is Part 1 of the Weekly Forex Forecast. In this video, we will cover: USD Index, S&P500 NASDAQ DOW JONES GOLD SILVER WTI CRUDE OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so...
SP500 looks good enough to try a long here. Main structure is bullish and we can see the same pattern is repeating again. Break of main trendline, retest and pump. I highlited 5.495 as a first resistance area, that i expect to be touched today. Here i think we will see a rejection that will make the price to retrace. Probably around tomorrow we could have a...
1 month chart is speaking, more you look from far, more the way easy. Buy around 2200. EMA100 is your way. Happy Tr4Ding !
Thank you for the likes, shares and follows. Really appreciate! _________________________________________________________ This is a zoome out from the latest analysis of the ES1! Mini S&P500 Market. A little bit adjusted with some interesting points to consider. in the upper side we potentially won't be surprised in proach futrue see the price rising to...
SPY is approaching to a major resistance. I think we still have bullish fuel for a few more days. I'll use it to close my long positions and start shorting. Before it drops there will be a fight at that resistance. Just try manage your risk and reduce your short term long positions.
Yes. It's over. Full five waves have been developed to complete all the upside movement from the October 2022 bottom. The S&P500 has now completed 5 waves from October 2022 and has completed 5 waves from March 2009. The market is going to see a very deep and long correction.
SP500 - Could this happen? I see this will breakout the all high as it's an important resistance.
We are covering the indices and crude oil in this video. Providing analysis for the week of June 3-7th.