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...
In my previous SP500 analysis I said that I expect a break under the channel's support and that my target is the 4250 zone. At this moment we have this break and we are halfway to my target. A bounce now is not out of the question, but this (in my opinion) doesn't represent the resumption of the uptrend, but just a corrective rally. Bears can look to sell rallies...
In 2018, after the failure of the uptrend and pullback, about 20% and In 2020, after the failure of the uptrend and pullback, it fell by about 30 percent.This happened again and I see a drop of about 30% after the pullback
After losing 8% from the beginning of the year, the S&P 500 index has found a strong support from which i expect a bounce up. Or do you think it will touch the Key level support? Looking forward to read your opinion about it.
just share some play ground for UK100. see if it goes in this way?
SP500: Outlook - DOWN We still need a price break below the Neckline before the M Formation (Double Top) is confirmed... Will probably know in the next few days.
Divergence The AO Indicator and the highs show us repeating Divergence. Sine Wave The Sine Wave is huge. Seldom I see such massive Sine Waves. From my research I know that with high accuracy, the lower part of the middle pullback get's broken. Then most of the time, after a rather small break, price pulls back sharp. Fork And finally the Pitchfork. This...
Hi traders! Short possibility on SP500 RR 1:4.4 NFA Trade safe
recent bounce seems too high vs the ATH for this move to be an ABC but it is still possible that ABC can happen, but after doing EW analysis on 4H I see a new pattern emerging and we can remain strong above the 1.618 fib extension then chances are 2.618% fib lvl will be tested for the final W5 larger HTF move 2.618 around 5,700
$SPX500 Long Setup 🔵 Entry Level: $4560.0 🟢 Take Profit: $4500.0 (2.31R) ⛔ Stop Loss: $4586.0 Reasons: - Reached upper trendline in a descending channe
The SP 500 Index is testing the trendline currently and it is currently holding the trendline for 423 Days. However, The trendline is getting weaker. I Could see a rising wedge too... I Have to track the Stock market too to predict the movements in the cryptocurrency market.
Cycle Sniper Daily breaking down 0 lines. SMA 100 Daily ( 61.8 Fibo Fan ) was tested. A technical correction is running. 4H EMA50 SMA200 crossdown is in progress. Short Opportunity 1: Retest the broken structure. Target is SMA100 Daily and 61.8 Fann Short Opportunity 2: Breakdown of 61.8 Fann. Target is Red Rectangle and Green Trendline Good Luck
Trend is your friend. I'd believe a break of the premarket high would invalidate the channel. Tight stop here. Good Luck.
I like this down-sloping resistance and believe this falling wedge is the most likely pattern. The day will start green and maybe even break-through the trendline due to the first of month inflows via mutual funds. However, this will be a false breakout and come back within. The hourly volatility adjusted rsi is overbought. See you down 2% either today or tomorrow.
This looks likely here, unless we are in a W4 which would send W5 up after the dip and cancel the deeper ABC down.
This chart looks like a giant rising wedge pattern. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex, suggesting a reversal pattern frequently seen in bear markets. Looking forward to read your opinion about it.