I would Draw each extension from High to High
on Micro Timeframes, but did not on this Chart.
The reason - attempting to find how the ST ALGO
is setting up between the 3 AMEST - EU Session Open
to the HIghs.
We see 8 Days completed with Globex in tow for
good measure. Sundays Opens are included and
Tha Larger Draw on the far left is Low to High -
If you believe that technical analysis has any prediction power at all (I highly doubt that it has in any other environment than highly speculative ones due to self-fulfilling prophecy)
and you are net long the S&P500, then you might want to rethink.
- Very soon (possibly) testing broken trendline from march 2020
- Massive divergence on volume since...
This idea involves using the VIX as an indicator to predic when market corrections on the SPX will take place. Timing exists can be a great way to protect profits and increase cash reserves to capture the next bullish run.
Hi guys this is my first time taking a deeper look into Economies and their correction cycles so please forgive me if there are a few things I'm missing. I have mainly been a fundamental long-term stock investor for the past 6 years. However, over the past 2, I've taken a liking to chart Technical Analysis. So if you have any constructive feedback I'd actually...
I have some reasons for NOT believing all the news flow about an impending Stock Market Crash/Shakeout.
1. Crashes are unexpected. There has never been a widely-forecasted crash, because crashes come when something extraordinary happens, not when "it's all over-priced". As JM Keynes said, "Markets can remain irrational for longer that you can remain solvent"....
LD = Leading Diagonal, ED = Ending Diagonal
A Diagonal is a common 5 Wave Impulsive pattern labeled 1-2-3-4-5 that moves with the larger trend. Diagonals move within two channel lines drawn from Waves 1 to 3, and from Waves 2 to 4. A Diagonal must be contracting. There exist two types of Diagonals; Leading and Ending. They have a different...
Expecting a Y leg downwards within a WXY complex correction structure. This will create around a 6-8% drop in the S&P500 over the next month or so. The drop will likely take the form of a three-legged correction (internal WXY subdivision) which will end with a large acceleration downwards.
S&P500 has got the "deepest" correction since March 2021. Do we see even lower prices? In my opinion, it depends on today's candle close.
As you can see the 50EMA (orange line) has held the price really nicely after corrections from last year's September-October. We haven't seen two consecutive Daily candle closes below that - just one candle close below 50EMA...
$SPX - S&P 500 Outlook by EOY 21'
52 Wk Range - $3,233.94 (Low) vs. $4,551.44 (High)
After 7th straight day of gains - due to better than-expected earnings announcements & a new ATH of $4,551.44 on 10/21/21 - I believe the S&P 500 has the potential to reach $5,000 or higher by Jan FY22'
It appears we have a classic BULL TRAP in a B WAVE RALLY . I WILL NOW MOVE BACK TO A VERY BEARISH VIEW .For the record . I posted issues at 4553 /4562 with the alt target of 4460 /4617 focus 4607 . I feel we are in a very bad position in the market .I few days ago I gave buy signal in msft qqq spy and my COSTCO trade tlt I have taken profits and will...
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
If rates do not get blocked by that weekly 200 ema and reject from the 1.64 lvl then I would say we are heading into some serious pain for risk assets with a C wave target of 2.14 basis points. IDK guys but im thinking 1.64 holds and SP500 completes my C wave around 4250. Then back up to 5,000 EOY
What Is the Cboe Volatility Index (VIX)?
The Cboe Volatility Index (VIX) is a real-time index that represents the market's expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). Because it is derived from the prices of SPX index options with near-term expiration dates, it generates a 30-day forward projection of volatility....
S&P500 Short Setup
🔵 Entry Level: $4539.1
🟢 Take Profit: $4482.8 (2.16)
⛔ Stop Loss: $4565.2
- I'm expecting a test on the $4522, flipping resistance into support
- Then potentially a double top can form at the entry level, which would open an opportunity for a short