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.
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.
SPX500 setting up bullishly pre-cash open. 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 instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts...
The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets. 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 instruments and come with a high...
Thanks a lot you the likes, really appreciate! It is not financial advice just recreational trading idea sharing ____________________________________________________________________ - 5332.5: price point identified as potential optimal entry for short direction trade. Depends on the velovity of the market when if hitting that price point again. - 5168.75 to...
Look out for a possible market crash down to 3100 SPX!!! SP:SPX AMEX:SPY CME_MINI:ES1!
I think SP500 is on the way to perform a great drop. Looking on H4 timeframe we can see a clean break below main trendline and a retest of it. I think today we will see some volatility around the beginning of the NY Session. I expect a fake moves first to the upside to grab some liquity, next we should see a drop till support zone around $5130
Hey there! We can see huge gap at SP500, also looks the same like at the previous movements. Stop loss and Take profit at marked w read and green lines. IMPORTANT! Always follow RM strategy, trade not more than 2% of your deposit! LMK what u trading this weeks?
Price is reacting off an overlap resistance level and could reverse from this level to our take profit Entry: 5247.64 Why we like it: There is an overlap resistance that aligns with the 23.6% Fibonacci retracement Stop loss: 5265.25 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement Take profit: 5220.30 Why we...
Sometimes you have to look at the whole picture... - S&P 500 from 1925 till today log. scale (zoom in to see more)
Hello my friends. We see S&P Chart in Daily time frame be assumed this index to be reach 5600-5700 units for wave 3 of 3 and the end of wave fifth about 5900-6000 units.
SP500 trade idea based on my thesis that this is all a big range for the months to come and the economic situation stabilizes (visibility, sentiment, etc) It is a swing/core positioning trade so size is big and invalidation is on weekly close (yes, you need conviction when taking this kind of trade) Mind your size, mind the broker your do your business with,...