If you haven`t bought puts ahead of the FOMC meeting: Then you should know that the P/E Ratio of the S&P 500 even after last Friday's sell-off is 18.66. Now considering that the median value is 14.90, i would say that a fair price for the S&P would the the pre-pandemic level of $3380, and respectively, for its etf SPY, $338. We might see a technical bounce...
This chart shows SP500 futures since 2009. The current correction is wave 4. Now building wave C of 4 with an ideal target of 3000 - 3200. Final wave 5 resides at 6000
We are unveiling our finals paths based on the completion of waves 1 and 2 inside of our suspected final downturn for 2022. We believe we are in Sub-Millennial wave 1, Grand Supercycle wave 5, Supercycle wave 2, Cycle wave A, Primary wave 5, Intermediate wave 3, Minor wave 3, and believe we may have completed Minute wave 4 at the close on Friday. Our next steps...
The FED Meeting on September 20-21 is expected to deliver 75bps hike. The decision will be announced on September 21. Some key data to consider: The annual inflation rate in the US eased for a second straight month to 8.3% in August of 2022, from 8.5% in July, but above market forecasts of 8.1%. Inflation rose for food (11.4%, the most since 1979), shelter (6.2%,...
SPY created a S/R Box between 362.17 - 431.73. There was an adjustment bar formed in July. These generated a weak point (danger zone) between 362.17 - 371.04 Should you set your stochastic to be the width of the box that was created (currently 4 bars), Jan - Apr was also a 4 bar box. When Stochastics move below 30, it is an indication that it is about to...
The unfinished business to the downside in the SP500 continues its course. The OFA script features a goldilocks scenario with increasing velocity and magnitude to the downside while buyers have been tapering off. As a reminder, a 100% projection target from the last bracketed area (see rectangle ) takes us to 365.00, which aligns with the previous trend lows,...
Looking at the SP500 on the weekly view, it is clear to see that there is a downtrend, although I believe this is just the beginning of the drawdown. We can see that after it reached the high of 4800 in Jan22, it dropped to around 4200 before forming a small series of green candles of recovery. *This is a pattern we have seen multiple times in the past before a...
"When the Lamb opened the fourth seal, I heard the fourth living creature saying, “Come!” Behold, I saw a horse, pale greenish gray. The name of the one riding on it was Death" Hello, and welcome to the Apocalypse :D With SPY/SPX recent moves, I thought I'd scan history to see if there's anything unique about the pattern we see today. I wasn't...
As the previous post suggested, there is unfinished business to the downside in this unfolding bearish structure in the SP500. Bears are clearly in control of the downside in a move that features increasing velocity and magnitude of the decline vs a tepid and by now confirmed failed buying cycle, all well signaled via the OFA script. As a reminder, a 100%...
First, I have to say that if you want to know about the road map of the S&P500 Index, please look at my previous post about S&P500 Index (It ran as I expected✅).👇 S&P500 Index is near the trend line, and I expect that it goes down and making the Expanding Leading Diagonal. I showed you the end of wave 5 in my chart. Also, we can see the Hidden Divergence (HD-)...
Spx the bearish path has been playing out ok. This sideways PA looks like the market is biding its time until the FOMC tomorrow. So watching for a possible pump into the tomorrow but watching how it all plays out. 3950 is my line in the sand where I start question my bearish bias, but the bear is not invalidated at this point. If you find this inspiring/helpful...
The S&P500 pure value ETF holds 3 supports: 1) the lower channel of pre-pandemic upchannel MINUS the black swan event 2) the 0.286 Fib reversal from pandemic low to ATH 3) my GANN line FOMC meeting will be the game-changing event. The market may have already priced in a 75 basis point hike & a rally may pursue till the next Nov FED announcement of whether to hike...
nflx short idea double top into fomc rate hikes...looks easy enough..
SPY is going get pretty ugly here soon, this is just me being nice on where she may end up...... OOPS
RM4-inside bar-1H-short 1R or PLUS, place 1 trades another reason, FED will announce 75bps (most likely within market expectation) at 09.22. till that day i will expect market see this as a QT therefore A SELL will keep going untill/before the news happened. trade all ideas on live.
Overall evaluation of the SP500 is bearish within a 1-2Y time frame mini trend, but not on the grand picture. Greetings everyone, we dumped very hard this past few days but this is a sign of a potential reversal. The fact that the candle closed as a DRAGONFLY DOJI , this is a warning for all shorters to consider that the bulls are now entering the market. The...
Hello all, I would like to do some comparison here. On the LEFT side you can see chart pattern on 3D timeframe during the 2008 mortgage crisis in US. What happened? From TA perspective - we can see broadening descending wedge or channel where price was strongly rejected from white MA (green circle) - what happened next you can see on the chart = BEARISH...
Hi Traders, This is my view for this week on: - SP500 and NAS100 - AUDUSD, GBPUSD - XAUUSD - USDCAD - EURCAD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think...