2024 has opened on a sour note. S&P 500 futures are lower by about 0.7%. Not a huge move, but that's good enough to erase nearly all the gains since the close on December 21. Recall that the technical Santa Clause Rally period is the last five trading days of the old year and the first two sessions of the new year. As it stands, the S&P 500 Trust ETF (SPY) is up...
Once the last theory busted it was a return to the drawing board. I am now postulating we are back in Cycle wave B which I thought had been completed as initially forecasted during the summer 2023 (high was end of July). Not only was 4607 busted a few days back, it was blown out of the water today. What does this mean? With Cycle wave B now being larger than...
Flip on financial TV and you will likely hear a plethora of sellside strategists and buyside portfolio managers voice optimism about small-cap US stocks. Consider that the iShares Russell 2000 ETF (IWM) was easily in negative territory on the year back in October. Fast forward just two months and the small-cap ETF is up close to 20% total return in 2023. The quick...
Hello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
I took some profits of my long positions. Looks like SP is getting weaker. I'm still holding many long positions and saving cash to reenter at better prices. I also have puts on PLTR and Roku. I just bought a few puts of SPY expiring tomorrow just for speculation, not risking too much with puts.
AMEX:SPY
Target Price1: 400$
Target Price2: 390$
Price Action:
After a general uptrend from early 2021 to mid-2022, the price began to exhibit bearish behavior. As of late 2023, the price is seeing another decline.
Support and Resistance:
The price is currently approaching a significant support zone. If this support holds, we might expect a bounce....
(Position Trade)
SLO2 @ 4615 📉
SLO1 @ 4200 📉
TP1 @ 3410
TP2 @ 2745
TP3 @ 2255
TP4 @ 1550
BLO1 @ 1440 ⏳
BLO2 @ 875 ⏳
ADDITIONAL INFO:
🔥 Using this new ATH gives us a new HTF Curve
✍️ I'm anticipating the probability of POC @ 3489 will change from Support to Resistance
📉 If this curve holds, then we should expect a MASSIVE MARKET CRASH down to the mean around...
Zoom company's video-conferencing service became so ubiquitous during the Covid-19 pandemic that its corporate name became a verb describing the act of firing up a video chat to connect with coworkers online.
Zoom shares VIE:ZOOM rose seven-fold in 2020 as sales surged after millions of workers were stuck at home because of COVID-19 restrictions. By 2021,...
Hello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a...
*Oscillator in the overbought area.
*Rejected from the previous ATH.
*Possible double top.
The three bullish candles show strength and momentum in an upward direction, but the sudden appearance of the large bearish candle could indicate a potential reversal.
Let's see how it plays out today! #spx
Follow for more 💖
I am bearish again already (surprise)! The terror in the Red Sea could be the tipping point for future economic calamity now that multiple companies have chosen the longer path to market around South Africa.
Going on the premise Minor wave 4 dropped with a quiet whimper, we are possibly in the final Minor wave 5 up. First task is to identify potential tops. The...
The History is happening right here! ✨
Nasdaq-100 Index NASDAQ:NDX just set its Best First Half in almost 40 years since inception in 1985, with amazing 38.75% year-to-date return in 2023.
Among all semi-annual results, Nasdaq-100 gain this year is second only to the year of 1999.
With historical 61.44% gain in the second half of 1999, glory times shortly...
Trading Setup:
There is a Trading Signal to Buy in SPX500
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 4708.68
⭕️SL @ 4679.94
🔵TP1 @ 4799.29
🔵TP2 @ 4848.74
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs,...
AMEX:SPY Bull Flag 4 Hour Chart, A bull flag is a technical analysis pattern that often signals a continuation of an existing uptrend. It is considered a bullish pattern and is identified by two main components:
1. **Pole (Flagpole):** The first part is a strong, upward price movement called the pole or flagpole. This represents a rapid increase in price over a...
Minor wave 3 has possibly ended on cue with the high at the open today. If this holds, next stop should occur quickly with a Minor wave 4 bottom. The historical models of common retracement percentages are on the right. The three maximum models are red at the bottom. The pink levels are the quartiles for the most specific relational data and generally contain the...
The AMEX:SPY is underperforming AMEX:RSP (equal weight SP:SPX ).
This means that underperformers could very well pick up the slack & outperform the Big 7 going forward. They have been performing well.
The Volatility Index TVC:VIX is down on the day BUT up from open.
Will the moving avg's push it lower or do we get some sort of support here? This is a...
