just a simple basic chart and figure..take a look and note the rsi..also take in count this rebound happens after 5 week of decline in the row
I'l watching very closely for a bounce at the white dotted sliding parallel. Just a hint with good probability. Trade save, it's very vicious out there.
A LONG SCENARIO We see the RED numbers. They show the Pendulum Swings. Then we see the BLUE numbers, showing the minor Pivot Swings. For both I apply the 0 - 5 rule. This means, if 5 is reached, a turn is highly potential. The problem here is, that you don't know then the 5 is over. From the RED perspective, the market has not jet reached it's low. But from...
Was this a back test or is there more downside? Looks pretty clean to me.
SP500 at extreme, meausred by the Pitchfork. Here's a high potential bounce. Let's see how this convergion point plays out. Happy weekend
Price is at support. Cumulative volume delta making new lows whilst price made higher low. Both 1hr chart and 4hr chart. Waiting for further confirmation before entering.
✅ Here I am looking for a long position if the price take out the liquidity below PWL (previous weekly low) and rejects from the daily bullish orderblock + institutional figure 4200, also the price has to fill huge imbalance left behind.
I wrote many times about this. And I even posted this Video here on TV: Everybody expects a turn, a crash, or at least a bigger correction. Guess what...it's not ripe yet. Now, we never know when the REAL turn will come. IF it comes, then it will be a major turn. Not only in the Markets, but in the whole world for many reasons. (Read Armstrong Economics!). You...
Hey Everyone, The Market is recovering, I think finish Negativity, or at least for some time.. so don't miss your opportunity. Good Opportunity on the S&P 500 Targeting 4595 and 4800$ NFA, DYOR, & Good luck.
S&P500 is quite ambitious these days and has made it not only into the middle white zone between 4458 and 4509 points but also into the blue zone between 4510 and 4550 points directly above it. As matters stand, there is a 38% chance that the index could rise above the resistance at 4585 from this position. However, we rather expect S&P500 to initiate a...
If the market trades higher after the FED meeting today, then this ETF can offer a very nice price investing in the SP500 on a leveraged position . If the SP500 moves higher, Crypto may also.
Since the beginning of the year, SP500 lost almost 20% of its value from top to bottom (close to entering bear market territory) However, the drop from the top looks corrective and 4100 can very well be the end of this correction. Technically, the drop under 4250-4270 support was quickly reversed and is a false break and, if SP500 manages to break back above 4400,...
No, we are not talking about the cocktail! S&P500 has been hopping up and down within the green zone between 4354 and 4253 points like a grasshopper in its grassy territory. At the moment, it is heading for the support line at 4354 points and could very well jump above it already. It could also stay in the patch of grass a little bit longer, though, and warm up...
It's is very possible to see SP going up in a few days and go higher than the last time. so stay tuned!
OK, that was a nice drop, as mentioned in here: Now it's time for a short term pullback. Because centers of sine waves get broken, before price continues, I see that we have a nice CL and th 68.10% near. So it's absolutely possible that we hit both. Price = stretched, at support RSI = oversold and diverge on lower TF #ESOvernightPullback
S&P 500: Buying A Pullback from Key Support Price Action: Price formed a Bullish Tailed Bar Signal, overnight (We are not considering trading this signal as it didn’t form at any confluent level and we prefer to buy on a deeper pullback to the key support areas). Price finally sold off from the prior Bearish Pin Bar Signal that had formed just under the 4581 –...
As per the previous post (link below) , the SP500 regained the 200 day moving average and is now looking good for a continued surge up - A break of the 50 day moving average and the swing high at 4591 will open up a decent leg up targeting 4695/4736 and 4823 - I will remain in the bullish camp now while we trade above 4450 -- MANAGE YOUR RISK - - Disclaimer:...
“Excellent…”, we mutter slowly, steepling our fingertips while watching S&P500 move. In an exemplary manner, the index has finalized wave in turquoise in our turquoise target zone and is now in the middle of the countermovement we predicted. However, other than Mr. Burns from “The Simpsons”, whose trademark expression we borrow here, our next plan for the index...