S&P 500 – Cash: Selling A Pullback Into The Range Of Bearish Fakey Setup Price Action: There is no new price action signal to note at this time. Price moved lower from the recent Bearish Fakey Setup that had formed, mid-last week. Price broke and closed under the 4245 – 4270 prior key support area. Price briefly moved higher from the prior Bullish Pin Bar...
The Red Pitchfork ...projects the most probable path of price. Price has a high tendency to trade within this projection. Don't fool yourself - it's not just a Channel. It's nature derives from teh law of physics. That's the reason why pitchforks are so accurate. The SHIFT in price was a perfect one. It's not ususal that a shift in price shows up that...
The S&P 500 has cemented a downtrend with a falling wedge. I expect the price to break previous lows (at least below 4150).
If S&P 500 closes below support level of 4291.25, which has held since July of 2021, then that would be confirmation of the following idea. The S&P 500 is likely headed to 4118 or 3990.5, which are the fib extensions of the downtrend which began on Jan 4, 2022, marked as point A on the chart. Points A, B, and C on the chart were used to create a "Trend-based...
Hello Guys, this is a quick update on SP500. Last time I left you calling the double top and evening star pattern while many were expecting higher prices and possibly new highs. As you can see the double top has worked perfectly passing its target of 430. What can we see now? SPY has formed a perfect Head n Shoulder top. This is extremely bearish...if validated....
Futures pre-market analysis not look great for AMEX:SPY in my eyes. Big rejection when trying turn to green bar on today (1,60% wick).
The 0 to 5 count is very helpful in determining the current state of Swings & Pullbacks. Any Swing or Pullback can be counted from 0 to 5. When 5 is reached, it restarts from 0, again to 5, just in the opposite direction. This count is most effective when you count the real Swings. By "real" I mean, if you follow these Rules: Up-Swings: A new high is CONFIRMED...
let's go for the crisis, I am going to maintain the position in sales throughout the fall, adding new sales in corrections, taking partials and keeping most of them open positions, the entry is due to the inflation generated in the United States and a break in the structure of the market, looking for it to return to previous areas of demand
Trade Idea SP500 Venta Tomé una Venta en NY. Que cerré con ganancias. I wait for pullback. I set up sell limit.
Just noticed a repeating pattern from 2020. If it wasn't so recent, it would have been more probable imo. Still looks like a medium-good trade if taken with correct position sizing. Would you short $SPX here?
Hi All, We have seen the 1st announcement with interests rates which dropped the market. We just got another increase announcement slightly more than what the market expected. CPI. Just looking at the chart and channel, I think the 2 scenario's are valid. ABC correction is taking place with a mild or deeper correction to play out. The deeper correction can play...
We have: Counting 0 to 5 and we had a DT on point count 4. Now we wait for the 5 o a new low below the count 3 The orange A/R catches a lot of extremes, including the count 4 DT. The red down-sloping pitchfork could give support on the U-MLH. The pullback from 3 to 4 is EXACTLY 61.80% ! Guys & Gals, there is too much confluence IMO not to imagine that the...
After dropping to 4250 in January, SP500 has started to recover and has risen to 4600 confluence resistance given by a falling trend line and a horizontal level. A correction followed this move and, again, SP has stopped its descent in 4450 newly formed support. If the 15% drop from the beginning of the year was just a correction or the beginning of a medium-term...
META support level between lines. Long term is must be long.
Today we post about the nasdaq 100 and SPY falls after market and what Wall Street might be doing next!
FOREXCOM:SPXUSD Entry Area:4420 1st TP: 4280 R/R: 1.75 2nd TP :4170 R/R: 3 3rd TP :4000 R/R: 5 SL:45000
The up-sloping Action/Reaction lines (orange) gives us some framing around the craziness. The Red pitchfork catches the extremes and important turning points For now we have Swing P3 and P4, now there is missing P5. What does that mean? It means I see another flush to the downside. Yesterdays weakness is another indication for it. For now, I stay out of this...