Hey traders, I figured I'd share my ideas for swinging and day trading the SP500 over the next several days / weeks. I'm using the continues SP500 futures chart but this analysis should work on SPX and SPY as well with few (if any) differences. I'm going to do my best to make this post valuable even when this market structure is rendered broken by price action....
After the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase. The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the...
Since entire world is busy predicting doomsday, here's my shot at it. The index is down almost a 1000 points from ATH. If this bear market is anything like we have seen in the past 150 years then there is one question that would come to your mind, where is the (potential) bottom? The answer to that question is, nobody knows, but we can make a calculated guess by...
- This is what i want to see. - That's why i use mostly Nasdaq to compare with BTC. - Small things matter as they are the ones that create every big thing - Remember my last topic here : - Choose your way. Happy Tr4Ding!
Overall outlook for S&P = Bearish. Already hit 4.236 Fib Extension this market cycle. Currently sitting below Moving Averages. Not oversold on mid & long-term RSI. For any chance of this being a "Bullish" ABC correction, the price would have to reverse above its 2020 top of Wave 1, forming a Double Bottom (to allow the Elliot Wave count to continue upward with...
Many people got trapped yesterday by the bears. For us, it was a good shorting opportunity. ALWAYS REMEMBER..... DON'T FIGHT THE FED !!!
The S&P 500 (SP) is holding above the strong support, from where a nice bullish rally started, that move has also done a break of structure. It is a powerful zone for S&P 500 to create a bullish impulsive wave from here. Today's candle close is important to watch, and if it closes bullish, that would confirm a bullish rally in S&P 500 and if it breaks down than...
The Chart currently shows Bullish signal as per these indicators: 1. Double Bottom Pattern If the upper trendline is broken can expect further upside potential.
Little of note other than a team sheet of central bank speakers and some US housing data to take note of especially after yesterday’s unexpected big topside beat for new home sales which saw its second largest increase on record.
I have been asked how low the S&P 500 could go in the coming economic downturn. In terms of stock market price action, all major economic downturns are merely Fibonacci retracements on the yearly chart. In fact, we can predict with a reasonably high degree of certainty the bottom for the next recession before it even begins! That's because stock market bottoms...
in the previous post I made a little mistake with getting into positions, see my profile. entry into positions is a price 0.63641 with a target at 0.69020 - strong PMIs with upside surprises - sentiment is bearish especially vs. NZD but sentiment in AUDUSD is extremely bullish . - risk reversals are diverging to the upside
only the 3rd time spy went under the 30rsi mark since the "covid crash". i added small positions in megacap tech stocks. maybe a small push up to 380 area where good news or bad news will determine the direction from there.
the sp is looking like it could bounce here forming a double bottom pattern will see everything else rally aswell if we can get a bounce here
With the intraday bounce at 3870, $ES is setting up a potential inverse head & shoulders pattern. Trigger is clearance of neckline resistance at 3920-30, and the target zone is 3980-4030. Any crossing below 3845 invalidates this pattern.
For almost three decades now, investors have looked at the economic headwinds faced by the Bank of Japan, at its QE and QQE policies, and at the country’s awful demographics and realised that the obvious outcome is a massive sell-off in Japanese government bonds (JGBs) and a dramatically weaker yen. So ‘obvious’ has this trade been that, at some point, just about...
SPY - Daily - Gap Fill to 370-373 Daily swing possible Need to hold the Weekly 200ema currently at 367.57
E-mini S&P 500 - Daily Relief Rally (Possible Bull Trap) Taking a look at short-term swing upside & downside targets ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial...
Hi! Even though the geopolitical situation in my opinion looks like this: Europe: The elections in Italy are approaching, the risk of a Eurosceptic right-wing prime minister An unexpected solution to the war in Ukraine seems very unlikely, but it could escalate very quickly, especially taking into account mobilization and referenda. According to my detailed...