S&P 500 INDEX MODEL TRADING PLANS for MON. 06/05
The precarious rally of the last month has been baffling many, with the lack of the breadth of the rally while it still managed to keep going up on the run up in just a handful of big-tech names. With the major news cycles in the rear view mirror, the move up could be losing steam but if not then it could be...
Next leg will be down, whether it continues down tomorrow or briefly moves up is to be seen. IF Intermediate wave 3 ended, it lasted less than the computer modeled 25 days as I forecasted. This would further mean Intermediate wave 5 must be less than or equal to the length of Intermediate wave 3 which was 20 days per the close on Friday.
The models indicate...
This idea is based on Wyckoff's method for calculating price targets using the point & figure method to count the difference in columns between beginning and end of accumulation prices and projecting it from the middle point of the accumulation range.
All other info is on the chart!
From a technical point of view, the trend on intraday chart is bearish, but at the same time, after the completion of wave 5, I expect a very interesting technical rebound (wave 4 re-test).
Trade with care!
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Cheers!
The price is upward, which indicates that the trend is upward, so we will search for buying, and I have placed the buying or selling points, in the event that the price breaks the level that was talked about, in order to know more about what the price might do, and I analyzed it in a technical and rational way .
In the case of buying, we will wait for our order...
S&P 500 has experienced a breakout and subsequent pullback on a key level in the daily timeframe, leading to an important weekly resistance. We observed a significant sell-off pressure in the past, and it is crucial to closely monitor the price reaction within this highlighted zone to determine future possibilities.
S&P 500 INDEX MODEL TRADING PLANS for FRI. 06/02
We started last trading week with our trading plans on Monday titled: "Debt Ceiling Deadline Likely to Whipsaw the Markets", and these words: "Expect the approaching debt ceiling deadline to attract both bulls and bears to heightened speculation, resulting in some whipsaw movements until the deadline passes and the...
S&P 500 INDEX MODEL TRADING PLANS for THU. 06/01
We started this trading week yesterday with these words: "Now that the Debt Ceiling drama is apparently over ("apparently" is the keyword there), can the markets continue to be intoxicated on the nVidia-A.I. exuberance and continue the bullish leg or get back to the macro-economic fundamentals of inflation,...
Hey Traders,
This is the setup that spot the bearish continuation for those that missed the first trade opportunity on S&P 500.
Watch out for the pullback to the supply zone.
Hey Traders,
Check this analysis out on S&P 500.
The pair is at the last phase of the ascending wedge pattern and a nice fall from grace could be well anticipated for.
Keep a close tab on it
S&P 500 INDEX MODEL TRADING PLANS for WED. 05/31
We started this trading week yesterday with these words: "Now that the Debt Ceiling drama is apparently over ("apparently" is the keyword there), can the markets continue to be intoxicated on the nVidia-A.I. exuberance and continue the bullish leg or get back to the macro-economic fundamentals of inflation,...
Looks like Minor wave 3 ended a tad shy of 4136 and a few days late, but still on track overall. Minor wave 4 should only last 2-3 days with the bottom likely occurring by Thursday at the latest. It is possible Minute wave A inside of Minor wave 4 was completed today. Models are pointing to the bottom around 4176 based on historical Minor wave data. Minute wave C...
Check this chart of the SPY, there is some resistance at current levels. I don't think is going to break out at first attempt, most likely to pull back to the bottom of the channel first. I have no positions here, I'm already loaded with shorts.
S&P 500 INDEX MODEL TRADING PLANS for TUE. 05/30
Now that the Debt Ceiling drama is apparently over, can the markets continue to be intoxicated on the nVidia-A.I. exuberance and continue the bullish leg or get back to the macro-economic fundamentals of inflation, valuation, china-slowdown (bad news good news here, with hopes of China stimulus?) etc.? A couple of...
- T-bills to be issued by the end of Q3 drain liquidity and have an impact similar to a 25 basis point increase in benchmark rates.
- Further market extension is challenging due to possible overtightening.
- Unemployment data is a significant turning point.
- Unsatisfactory market breadth.
- Significant divergence between Nasdaq and Treasury 2-year.
Hello...
Dear @TradingView ,
Today, I would like to share some observations regarding the S&P Composite index that highlight a repeatable market cycle. It is evident that this cycle consists of a 30-20 year period of Economic Growth, followed by a subsequent phase of 15-10 years characterized by Downturn or Sideways movement. By examining the historical data, we can...
Hey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
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