The chart continues according to the desired target, so at this moment I only changed my personal stop loss, more precisely, taking into TP that I have a good profit, I changed the stop loss higher so that if it touches it, it will be in profit.
The SP500 has formed a Cup and Handle and another bigger Cup and Handle in the Daily chart. The price has broken up and out of it and the Moving Averages are all looking good giving the first target of 44,100. The big BUTT! Is that there has been a massive downtrend since 23 December 2021, which the price will have to overcome. The price action is showing...
S&P 500 Index Technical conditions: The +5.7% price jump on November 10th could be viewed by technical analysis as a “Flag pole” since the recent seven day price consolidation (daily chart) suggests a “textbook” bull flag continuation pattern is forming. The bullish theme seems to be holding with higher tops and lower bottoms on price since finding support at...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
After performing a Market Structure Shift on Daily, S&P 500 long Swing Target is $4355 🎯 This is in confluence with Weekly FVG and Optimal Trade Entry (0.618-0.7 fibs) for the Short Idea 1. Long to $4355 2. Short from $4355 to mid range $3915 and lower Good Luck 🍀
US500 Intraweek Technical Analysis: after rejection from 3925 the SP500 found some support at 3790. The US500 reversed from 3890 and after testing the support of 3700 twice the US500 gave a weekly closure at 3763. The US500 is expected to test the resistance of 3900 in coming week. 3800 is the key resistance for tomorrow where we can see some rejection. My idea...
an inside candle forming on daily time frame in sp500. a breakout above 3840 will push the index in a bullish move while a breakdown below 3700 will push the index in a bearish move.
sp500 buy stop loss too narrow in lower line take profit zone is Fibo 61.8
First buy to upper trendline and bounces and sidaways at the bottom next week might flooded First BUY Second SELL from upper resistance zone
Here comes the Wash & Rinse. I was posting that we will bounce at the Centerline. My timing was off for a couple days. But here it comes: The move today makes sense. First, we had news which where somehow not ultra bad. But the market flushed big, leaving a GAP in the intraday chart (See the screenshot and my tweet). They washed the stops to the downside, and...
#SP500 The market has the potential for an uptrend to 4000$ SL 3600$
This is a S&P500 chart on a weekly timeframe. Look at it carefully, aren't we about to have a sharp fall and market recession like in 2001 and 2008??
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...
First, there are two very nice Sine-Waves. These are "complex" legs in the count from 0-5. Currently price is fighting at the Center-Line. It's the same price region where the market found its prior support. There are two possibilities when we reference the Medianline (Pitchfork) rules: 1. Price will hold at the Center Line and pull back in the opposite...
Nice how the rules play out here. ES is bouncing exactly at the Centerline. This means, there is a high probability that we see at least a pullback to the North if we hold this level on the close. Let's observe.
The previous two secular bull markets have seen recessions, major world events and ~20% drops. However, that didn't change the upward trend. If we are in a secular bull market, we would expect the index to continue upwards until around 2033 maybe grasping at 10,000. In the shorter term, we would see a new high in the next six months. Original thread: twitter.com
Assume that further we will see an upward corrective movement to 4065 with an intermediate level 4000
Hello Traders, The sp500 index is supported by an inverted head and shoulders that can push prices to 4100 USD. FED rate hike will be 75bp ( or less ?) , I don't think 100bp today.