According to Fibo and Volumes seems we sortly heading 4800-4900 range. Which is very avearage and normal correction around 9-10%. Lets see if we go more deep, but I expecting a bounce back and new ATH.
Crypto will follow same sentiment.
Price is clearly in a bearish trend. Price also has fair value gab and unmitigated order block zone. So initiate short positions near the order block zone after finding a strong bearish price action structure. Analysis trend is invalid if the price breaks and closes above the trendline. Good Luck.
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
My short plan for Sp500 worked out perfectly. I shared my view some days ago and adding shorts while it was going up paid out. Actually i closed all my shorts and i am looking to enter long. I think that a pullback is on the way
The S&P 500 is bearish and heading towards the price zone of 4499.50 and 4430.50 before rising to create a new all-time high."
Cela semble indiquer que vous prévoyez une baisse temporaire du S&P 500 vers les niveaux de prix mentionnés, avant qu'il ne reprenne sa tendance haussière et crée de nouveaux sommets historiques.
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traduit moi ça en...
That nasty red candle from yesterday changed things. Price bounced off the short term trendline support today. We will see the market going crazy with no clear direction on the upcoming days. Buy I still think the SP500 will make another ATH. In the 4h timeframe looks liken a HS but I don't think is going to play out. We are in another consolidation phase. I'm...
Efforts are underway to head off a full-blown Middle East war.
What’s Happening Now:
A tense calm prevailed in the Middle East after Iran’s missile and drone attack on Israel. Global markets showed signs of stability on speculation the conflict will remain contained.
Iran said there wouldn’t be further attacks as long as Israel didn’t react aggressively,...
GENERAL MARKET REVIEW
Concerns over a potential military attack by Iran on Israel triggered a gap down in the market at the beginning of trading on Friday. Following these events, there was a surge in oil prices, which then led to widespread sell-offs across the board. Virtually all stocks took a hit, with growth stocks experiencing declines ranging from $2 to...
USA Stock Index video idea by @NoFomoCharts
SPY, QQQ, DIA, IWM, DXY.
04/14/2024, 09:00PM EST Video Idea.
Technical Analysis & Educational Chart Videos.
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As you can see, there is major support on both trendiness + the current price is balancing on the powerful 50.0 Fibonacci level!
This would be a great time to buy and take profit all the way to the top! Low risk high reward opportunity.
If you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/
then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469.
Anticipating a technical retracement to $495, given its prolonged period of being overbought!
I am still quite confident the markets are set to drop significantly in 2024. I have studied correctional wave patterns that are similar to our current situation wherein the market topped on January 4, 2022 and began the corrective pattern.
**The pattern contains a wave B that is larger than wave A in duration and movement. The wave C then moves more than wave...
The S&P500 opened and closed below the lower support line of an uptrend channel. This in itself is excuse to sell or go short, but generally you want to see 2-3 days of price below or above a channel before considering it a trend shift. Most likely first level of price support to watch for if price does head lower is $500. Nice round number and a psychological...
The previous target price set in February is in doubt. The large options spread closed down 50%, with a move to the profitable side along the way. The sentiment is negative.
The large option level (see chart) may act as a support level on the downside.
SP500 has made a nice drop like i predicted in my previous idea. I expect a little continuation of the drop before a pullback that could lead the price to the resistance area at 5250. Here i will look for a new short in the next weeks.
SPX setting up positively ahead of tomorrow's CPI release. IF stochastic can hold in its upper quartile, an underlying positive momentum will be present.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex...
The S&P500 currently looks a lot like the mid-December to mid-January consolidation 👀
Here's what a short term bullish case might look like.
As always, DYDD and be sure to manage risk.
