SP500 on the 4h chart started the week with an uptrend move. The market after a distribution phase tested the previous support now turned resistance and took the liquidity with a false breakout of the area. The price after the rejection move to the top level of the distribution box and a possible bearish continuation can be seen. How can u approach this...
$ENPH is on uptrend on big picture and It is non stop going down for almost one month so It is time to cool down and make some correction or continue it uptrend. We just need to benefit from bounce back. Entry; $220.30 S/L; $205.91 TP1; $249.09 Please always do your own search and analysis before you take any trade. Do not rely on anyone :) I am spending...
$SPX (SP500) - Live Update.. BEAR? Unfortunately, we erased all the gains for today. Currently trading at +0.08%. We broke out of the 'bear-flag / pennant', which was surprising. The Gray Box was resistance. A close below the red line: $3870 would make me a bear. As in this case both of the previous bullish developments would be invalidated. #SP500
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In the last SPX post, I started to doubt my bearish scenario of the index, by saying that the price looks bullish on the short term. Now that we've seen a short term pump to the resistance, I wanted to give an update. Right now, the upper level of the resistance zone has been touched. This begs the question: Are we going to see a break of this resistance zone. If...
As you can see on chart it has formed simetric triangle watch for break out. Have a good day.
SP500 Daily deer volume imbalance dotor orj irj baigaa ene hawias unalt orj ireh buren bolomjtoi Eswel jaahan deeshleed daily poi zone deerees dooshoo rejection awan unah bolomjoti haragdaj baina.
Following up on last week. Analysis said the short-term top would be 4 days according to most models. Outside chance of 9 or 11 days too. We never convincingly went down yet. The current top would be B's 9th full trading day. This would mean the CPI report may not be positive for the market as applied to the last analysis. We still need a drop of some days. A...
SP500 appears to be headed higher. The most widely used indicators MACD, RSI and 5/20 EMA are showing bullish. Most important is the RSI, a bullish signal formed when the RSI stayed within a tight range below the 50 than retraced above the 50 level. Same time the MACD signal went positive Breakout of range Above anchored VWAP from the low RSI above 50 ...
More than 50% of the stocks in the SPX are now back above their own 200 day moving averages, and trending up, after reaching a low of nearly 90% below their 200 day MA. The intensity of new 52 week lows also seems to be decreasing. Is this an early sign the SPX itself will move back above it's 200 day MA?
Although, in my opinion, there is not any fundamental reason behind it, SP500 could start rising in this first part of the year. There is a very good saying between traders: "trade what you see, not what you think" and, what I see are 3 weeks of rejection from the 3800 zone. With this in mind, if this 3800 low remains intact, we can have a nice rise from SP500...
We will keep it short, sweet and simple. First, the FED for whatever reason will decide to stop tightening sooner than expected or will decide to make much smaller rate hikes... For whatever reason; better for us. The SPX will move up as you see the green arrow and break the orange trendline... Not necessarily right away or maybe right away... Bottom line is we...
Just an idea, I definitely could be wrong. everybody is talking about a 2023 recession but the sp 500 has closed 3 weeks in a row near the high of the week. Sure its in a range but 3 bullish hammer candles in a row on the weekly chart? there must be some sort of institutional buying at the 3800 level because every time we go there I see a bounce back up. I feel...
SP500 on the 4h chart is trading between 2 structures and today's release of the NFP data can show us some break of those levels. The main outlook remains bearish at the moment and it can be risky to trade this kind of event on the last trading day of the week. How can i approach this scenario? I will wait for a break of the support area and if that will happen...
After the break back under 4k, SP500 started to consolidate and is trading in 100 points up and down for almost 3 weeks now. The overall trend is bearish so a down break could be next. In such a case, the recent 3.5k low is exposed. This scenario has a negation above 3950. On the other hand, a break above the resistance of the range could lead to some gains and...
Hello Traders and Investors. I hope you are doing well. In front of you you can see the SPX (S&P 500) chart and in white is the U.S. interest rate chart. Everyone is screaming that interest rate hikes are causing markets to fall, and there is certainly some truth to that, but just look at history. Why are we being lied to? Look closely, this is not something...
Setup: holp reversal reversion to the mean Trade rating: 4 Reward: risk: 2:1 Market conditions: quite volatile but I feel that we will revert to the mean as liquidity dries up leading up to fomc minutes
Hi everyone! From a technical point of view, S&P 500 could trigger a bearish consolidation (scalp) on 30 minute chart, let's look at what will happen in the next few hours and if the conditions are met, we will publish some updates on intrady chart. Thanks for your support, like & comments! Trade with care!