Are you looking for an edge in swing trading/long term investing? I highly suggest using market breadth! Highlighted with vertical lines on the chart and yellow and red circles in the breadth chart (% of S&P above their 50 day MA) are all instances when breadth dropped to 50 or 30% AFTER rising from 10 to 91%. As you can see from the chart in all historical cases...
Since mid-June, SP500 had a very good run with the index rising around 15% from the bottom to the top. However, since 4300 recent top, the index has started to drop and now is trading at 4200. Looking at the daily posted chart we can see that 4100-4150 is a very important horizontal support and is imperative for bulls to maintain this zone to keep momentum to the...
Hi there, We just completed 5 waves down, now we are changing the trend short term for the upside, Price is inside a bullish triangle correction waiting for next leg up, up until 4300 possible Add at spikes down longs to the target 4300, good luck
Setup: 1. we note a d3 Choch 2. OB D3 3. Liquidity D3 4. will wait for 12H LTF Choch 5. Last OB H12 OB creation 6. Then we willSell
Yesterday SP500 has risen fueled by the FED. However, this rise is extremely short-lived and the index is back in support I expect a break of this support followed by a violent drop. 3.5k remains my target and I think it will be reached sooner rather than later
SP500 has started 2022 badly and things look like will get worth. After an initial drop to 4.1k, the index tried to recover, but 4.5k proved to be a strong ceiling and SP500 rolled back down. Now the index is trading in February's low and I expect a continuation to the downside. A drop under 4k would be significant for SP500, both psychological and marking more...
✅ 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.
S&P500 has to check its air supply because it must decide whether it should dive until the bottom of the turquoise zone between 4251 and 4135 points immediately or rather return to 4275 points first for some fresh air. Whatever its decision will be, we expect the index to start into a new upwards movement after finishing wave ii in turquoise at the bottom of the...
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....
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...
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...
I could not find a set-up for both indicators ? for tops they both can stay up their hitting the Roof for months !!! . it is like a dog chasing his tail !!! literally . For bottoms William is much better in searching for one. but, as usual it gives quite early signal !!! which make it risky if used alone and quite frankly you could get caught in the middle or...
Last week, SP500 found strong support in 4500 zone and reversed strongly and with a big impulse. Now the index is in a small correction of this first impulse up and we can have a new leg up pretty soon. 4630-4650 zone is support at this moment and dips around here should be bought. A drop under 4600 would negate this scenario and would put SP500 in no men's land
After making significant gains, the S&P500 falls short of rising above the resistance line at 4711 points, which approves that this is an important mark. We expect the course to extend gains into the white area. However, an alternative drop ist possible, too. Here, the index would be in a bigger correction until the blue area is reached. Exciting times!
$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
S&P 500 Long Setup 🔵 Entry Level: $4485.5 🟢 Take Profit: $4598.5 (2.59R) ⛔ Stop Loss: $4441.8 Reasons: - Expecting price to respect the lower trendline in the descending channel one more time before correcting to the upper one - Entry level is also previous resistance level from August and September
The S&P500 has approached an area where we can slowly start to think about another corrective move by the index. Currently, there is still some room for the index to rise to areas around 4733 points. Then, it is time to cool-down a little bit. We expect the index to fall below 4584 points, before the bulls take over again. Okaaaaay, let's go!
S&P 500 Weekly Plan Long Setup: 🔵 Entry Level: $4598.0 🟢 Take Profit: $4645.3 (2.05 R) ⛔ Stop Loss: $4574.9 Short Setup: 🔵 Entry Level: $4651.8 🟢 Take Profit: $4599.4 (1.59 R) ⛔ Stop Loss: $4684.7 Reasons: 1) A clear setup would be opening a long position at what was recently resistance, as it is likely to be turned into support. However, this is too obvious of...