S&P 500 – CASH: Selling On Retracement Into The Range Of Bearish Multiple Inside Bar + Small Pin Bar (Combo Setup)
Price Action: Price moved lower from the Bearish Fakey + Small Pin Bar Setup that had formed early last week (We did not consider trading this setup, nor did we mention it).
Potential Trade Idea: We are considering selling on a retracement higher to...
Following my previous post, we are getting very close to the final drop, which I believe will be much bigger than people anticipate. Here is the chart for the dot com crash and the 2008 financial crisis, each event has began with a small price increase and then a drop. This event then happened twice more on a larger scale, with the final, aggressive pump resulting...
Billionaire investor Stanley Druckenmiller, founder of hedge fund Duquesne Capital, recently said that “Our central case is a hard landing by the end of 23. I will be stunned if we don’t have a recession in ’23.”
Even if a catastrophic recession somehow doesn’t hit the world, high inflation, soaring commodity costs, and plummeting currency values worldwide will...
The end is coming in focus. We have re-adjusted some key points and placed the next estimates on the chart. The biggest question was the placement of Minor 1 (yellow), once Minor 2 jumped. We are breaking down the future on the hourly chart to make it easier to follow along.
We are in Minor wave 3, a day later than originally expected. The index dropped after the...
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Target for the SP500 lies in the green zone (aprox 3326 - 3255). That's where we're heading after the US inflation data,
It amounted to 8.2%, and despite its decline (previous month 8.3%), the data came out higher than expected (8.1%).
It is very interesting what...
SP500 index very very bad scenario. If fed will continue to gain interest rate, this time maybe we will see big recession! This is not sell signal, this is just one scenario i see on this chart.
This chart lays out the estimated Minor waves in Intermediate 5 as mentioned in my weekend analysis. These estimates place:
The bottom of Minor 1 around 3601.23 today for a total wave 1 loss around 205.68;
The top of Minor 2 around 3740.37 on October 12th for a gain around 139.77;
The bottom of Minor 3 around 3474.12 on October 18th for a loss around 266.25;
The...
After the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase.
The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the...
The pullback from yesterday did not last very long.
The overnight market is pushing price down again.
Currently the move has halted at the 50% range of the Up-Leg.
The simple target will be the Centerline, further downside is open.
Thinking we may have ended Minor wave 4 (yellow numbers) today with a strong jump. Expecting the GDP report to confirm for everyone we are in a recession tomorrow. The yellow lines are the historical quartiles for waves ending in 535, while the light blue lines are the same for waves ending in 35. The slightly longer lines are extensions of Intermediate wave 3...
Looking at the SP500 on the weekly view, it is clear to see that there is a downtrend, although I believe this is just the beginning of the drawdown.
We can see that after it reached the high of 4800 in Jan22, it dropped to around 4200 before forming a small series of green candles of recovery. *This is a pattern we have seen multiple times in the past before a...
