S&P 500 has been moving on Ascending Channel for about 12 years😱. S&P 500 had an Impulse wave with an Extended 3rd Wave . When wave 3 is extended , we can use from Elliott Wave Fibonacci Retracement and Extension Guidelines of extended waves : 🔅 If wave 3 is extended , waves 1 and 5 are often nearly equal in magnitude and duration.= This...
HI Guys Hope you well, we are in uptrend , SecondChanceCrypto ⏰10/April/23 ⛔️(DYOR)
Exuberant Pumping-up to Settle Back Into Reality? Day 6 In our trading plans published yesterday, Tue. 04/04, we wrote: "With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would...
Hello Everyone, This is my analysis about the SP500, since we're having a bad data on the PMI Services and if Friday delivers a bad interpretation of the NFP news, i want to see a retracement into the premium key levels and see in a lower timeframes a confirmation of a bearish move, then i'll proceed to short and targeting the fair value area and a lower...
All indicators are showing a continuous rally on the SPX. Despite closing lower on Tuesday and Wednesday, the index rebound in the next two trading days and almost managed to reach the opening levels from Tuesday. Both MACD and RSI are confirming the bullish trend, with MACD histogram being above zero and RSI above 50 neutral line. If this scenario continues,...
Pretty flawless arc/consolidation- breakout to the upside for SQQQ & pullback on SPY?
Last year on July 4th I published a timeline of the overall bear market cycle (Attached below in Related Ideas and titled "Theory 3 of 3 for SPX--MOST LIKELY"). This will provide an update on a chart that can be reflected on in the future by “playing the bars” for full veracity. The projection was made in early July when the market was trading at 3825 and the low...
Minor wave 4 should now be over leaving Minor wave 5 and the end of Intermediate wave 1 to occur by midweek. All a strong majority of models have the top at 2-3 days which equates to a top on Tuesday or Wednesday this week. Wednesday morning is the CPI report which could be the catalyst for the next short-term market drop. The report is premarket and therefore...
According to 3 Months Analyzing and monthly candle, here we can expect bullish wave.
Hey Traders, Trendline based on two major monthly (yearly) pivots. I think there is a high probability of second FTR retest.
Please note that I am not a financial advisor and this is not investment advice. You should do your own research and consult a professional before making any trading decisions. Based on the 15-minute intraday chart of SPDR S&P 500 ETF (SPY) as of April 7, 2021, here is my analysis: Supply Zone: $409.50 - $410.00 Demand Zone: $405.50 - $406.00 These zones are...
Hello traders, I am expecting such a move from S&P 500 in Long term 1d time frame which is indicated in the chart above... hope y'all enjoy trading <3
SPY could be forming the right shoulder of a H&S pattern - I'm monitoring a potential sell-off after this top. Potential causes of a sell-off could be recession fears.
Exuberant Pumping-up to Settle Back Into Reality? Day 2 In our trading plans published yesterday, Tue. 04/04, we wrote: "With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would...
Hi all. I wanted to not only find important signs on the 1M chart, but also experiment with 1D chart. I know so many people have a literal skin itch until they find the head and shoulders on the chart. Once head and shoulders are found, life becomes much easier and the chart makes sense. Ditz-bums! Here is a strikingly similar story with SPX, some peoples...
Exuberant Pumping-up to Settle Back Into Reality? With the quarter-end window dressing, and the new month beginning related artificial/seasonal boost to the markets behind us, the reality of the economy, inflation, and the interest rates soon to be driving the markets again. Whether it would be glass-half-full or glass-half-empty camp that leads remains to be...
It appears Minor wave 3 (yellow number 3) may have concluded. I called the top around 4112 and it hit 4110.75 near the close on Friday. We shall see how Monday opens but a new low should be in the making over the next two days. Next up is Minor wave 4. The historical data has been very consistent with a 47-49% reversals for wave 4s in wave 1s in wave Cs. I...
- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up - If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up. - SPY is approaching some key resistance around 410 area also potentially...