We can see a clear divergence on SPX chart, and wolfe wave pattern on S&P 500 futures chart.
We can open a short term Long position with ±2700 first target.
Pay attention it is only a short term corrective wave of the downtrend.
I will update this trade idea.
Good luck!
p.s. I attached my previous ideas
I saw the drop that just happened prior to it occurring. I did not see it dropping so quickly and well beyond typical intermediate wave 4s. With this most recent retracement covering 92% of all of wave 3's gains, it is time for the final uptrend to begin. Intermediate wave 3 took over 50 days to gain what intermediate wave 4 nearly lost in 14. My final analysis...
After this short drop we will see the S&P rise again to 'all time high' the following week! Just weak hands now stepping out of the markets, as it is just a psychology game. Post some good news, and it goes up again..
Hello dear members on Tradingview,
Maybe you still remind my predictions back in August 2018, about the SP500, and that I'm still very Bullish on it.
You can check out the trend I predicted in the chart. I not touched any line for today's estimates.
In August I estimated a quick drop down to '2875' for October 2th, but we see that there's a little delay now....
The SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US.
The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all...
Exchange rate bounced from 2872.62 it is puwerfull buy signal.
Also, Long - term trend is bullish and news about US economy is briliant.
I recomment to open a Long near: 2878.30
S/L: 2853.88
T/P: 2951.17
CCL - Candle created level
CAP - Candle Approved level
FB - Fake broke
P - potential profit in 3 times bigger
P.S. Push like and subscribe if you want to...
I am back with another Elliott Wave Forecast on the S&P 500 Index . After detailed research and analysis, I identified the recent bottom, which occurred today, ahead of time. I have identified the next top. I have identified 3 colored polygons. The green zone will most likely contain the top, but the yellow polygon is also possible. The red zone is unlikely, but...
Hello Traders,
S&P500 short-term Elliott wave view suggests that the decline to $2803.34 low ended red wave 4 pullback. The internals of that pullback unfolded as Elliott wave zigzag correction. The lesser degree black wave ((a)) ended in 5 waves at $2820.5 low. Then the bounce to $2843.50 high ended black wave ((b)) bounce as a Flat correction. Down from there,...
When I fit the chart in the Fibonacci sequence, I conclude that it exactly fits in the sequence as how I show it here and as how my experience has learned me that charts behave concerning the Fibonacci sequence.
- The price went up from '0' to 700 points between 1980 and 1996 = Fibonacci 0% to 78,6%
- Than the price went further to 1200 points between 1996 and...
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500. After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's August so the...
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500. After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's August so the...
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500. After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's August so the...
Sure the "Flat" model and Bull's "Cumulation Balance" on ES is over.
Near month, Bulls can retest & breakthrough the historical peak 2884.50
I decisively, take a long position for 2900.00;
"Short term target": 2900.00 - 3000.00.
"Middle term targets": 3200.00 - 3300.00;
"Long term targets": 3400.00 - 3500.00.
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«« «« «« «« «« Hold...
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500. After the horizontal movement we can expect a climb to 3000 dollar. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !"
So, I still expect a long to...
