We can see the trend channel on the 4H and hours before the NYSE ope we will be sitting at key diagonal support levels. S&P tends to flash crashes in march and it won't be big of a surprise if we see a quick 4-8% test to lower levels. We also have the FOMC this week which could be the catalyst for such a move. The current bullish move looks exhausted already and...
Hey guys, didn't post new set-ups because the market is quite boring right now. But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade. Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions,...
In this area the VIX is in a discount zone, with these stock market valuations on the side has more upside potential than downside. Have a great day! :)
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
This is a follow-up to my analysis from the other day. The green track is the one for the 1968 model. It has held pretty close to the entirety of the whole correction so I favor this model for now. The 2018 model is pretty good. It is the yellow track. It was a short duration but had the lowest bottom. This would give us a bottom around 2700 which most of my other...
We have seen the SP500 create higher points on the higher timeframes and it seems that buyers are in control. We have seen price make a timid retracement today and this might be the higher low needed to continue higher. In case it retraces lower I am expecting the Fib retracement to serve as supports if needed.
Thursdays Daily candle displaced and closed strongly above Wednesdays high and the fractal swing high from last week. DOL is the PDH. I want to see H1 bullish arrays respected to then look for M5 bullish displacement entry. NFP volatility tomorrow will surely impact whether or not this idea works out or not.
Monday's price action saw ES/SP500 trade above Fridays highs, but failed to displace above Friday's high. My bias is for price to trade to Monday's low. I am looking for H1/H4 bearish levels to be respected, and will then look for m5/m15 entry once I see premium bearish arrays are being respected.
Overview Utilizing trading patterns and consistencies between several technical indicators, I believe the equity market will begin to unload soon as traders collect their profits from the recent rally and prepare for the next FOMC meeting on 19-20 March. Trading Patterns SPY is currently undergoing a rising wedge which is a bearish trading pattern. Within...
Hi Realistic Traders. Here's my price action analysis on the S&P 500! The CBOE:SPX has convincingly breached the double bottom, presenting a compelling signal for a potential bullish reversal. The price trajectory exhibits a sustained upward movement, concurrently shaping a continuation pattern recognized as the Descending Broadening Wedge Pattern. As this...
Price had a strong daily close today. Price disrespected the bearish orderblock by closing above it. I want to see discount H4/H1 levels respected to then look for M15/M5 bullish displacement to trigger long. Target PDH and PWH.
Assuming the current market correction is a scaled down version of the 2000-2009 correction, we likely have one more leg up to complete the pattern. The RSI hit a bottom at the end of the A wave down in 2002 and 2022. Since this time the RSI had been producing higher lows with the exception of one cross in May 2006 and August 2023. This appears to fall in line...
Yet again buyer are still able to keep price higher and higher but at the same time we can spot weakness in each rally that occurs. Key note to look out for is that this rally that started in 2023 seems similar to the last in 2020 except for the Feds stimulus package that set the economy in turbo mode. As highlighted in green you can analyze the strength in both...
Weekly Bias is UP, Daily is UP as well. We have an AB=CD which happens above the 38% retracement of the bigger swing up. (some people might refer to this as a high-tight flag). 30 min is showing divergence. The entry is a breakout after multiple inside bars pattern also known as a popgun pattern. The risk to reward to the previous all-time high is 1 to 5 if no...
Today I will be analyzing indices and USD pairs. I expect some USD strength next week. Disclaimer: This is just my analysis which of course can be wrong. So do your own analysis before investing or trading
US Market Sentiment and Swing-Trading Considerations - NASDAQ Heatmap Color-Coded Performance Indicators: Green Boxes: Represent stocks that have had positive performance over the past week. The intensity of the green color indicates the level of positive performance, with darker greens showing stronger gains. Red Boxes: Represent stocks that have experienced...
overbought in many way market not care at all the odd of rate cute that noiw are in may-june and % for march all tha panic buy for 1 stock nvidia while we se inflation data backed up we see job number very good and market react liek we never up rate since 2 year its a full bubble that ake los tmany money to retail trader
A contraction is occurring in the rise, if this triple top holds, we can see a strong retreat to the marked areas. what do you think? I read you in comments