S&P 500 Index Technical Analysis The S&P 500 (SPX) has continued its bullish trend as anticipated, successfully reaching the projected targets. However, it now appears poised for a potential decline. Intraday Analysis: Today, the price may stabilize within the bearish zone, remaining below 5423 and potentially moving towards 5372. Bullish Scenario: For a...
Last week marked some of the most unclear price action we've seen. Starting on Tuesday, sellers gradually took control from buyers, but most of the action occurred during extended hours (meaning on VERY low volume). On Friday, sellers finally acted during regular trading hours and attacked the market right from the open. However, it seems buyers were only...
Good Evening and I hope you are well. sp500 e-mini futures comment: Two legs down from the open to then 3ish legs up to close right under the open price. Market is staying up here which is maximum bullish going into Friday. My target remains 5600 and there is absolutely no reason what so ever, that we can’t print another 100 points up tomorrow. Anything below...
Last week, the Bulls' performance surprised many and some were badly hurt by Wednesday's rally. Followers of this channel, however, hopefully avoided this trap by staying aware that a bullish run was possible given the market's mixed signals. Now, the Bulls have confirmed their control by establishing both a higher low and a new high on the weekly chart. Notably,...
Start of 1995 the NASDAQ was at 1,578, Start of 2,000 it stood at 8,688 x of 5.505 If we take the bottom of composite 11,073 that takes us to 60,956 and this only the Nasdaq composite This would put the US stock markets combined over 300-400 Trillion dollars. The Federal Reserve will be forced to repeat the same policies lowering or holding rates...
SP:SPX TVC:SPX CBOE:SPX SPREADEX:SPX This analysis was performed by a neural network based on all signals from the indicator CCPR #US500 #1d #BrownDot 06/13/2024 | 5432.81 #google/gemini-flash-1.5 ### Analysis of the current situation: (funding and volume) *Funding: Funding on the US500 is in negative territory, indicating that sellers are more...
The chart posted is than of a channel I believe we have been in for some time as well as fib relationship . we are now sitting a channel that should be watched and respected .
Hi everyone, I see two possibilities. Blue or Brown ? (we have to see!) Technical Section: The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally. Wave 5 = 2.618 x length of Wave 1 Wave 3 = 2 x length of Wave 1 Target = 5790 The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave...
A stock-market rally concentrated on an ever-narrowing cohort of tech stocks is leaving the Dow Jones Industrial Average behind as the Nasdaq Composite (IXIC), Nasdaq-100 hit records, making investors nervous. The scope of the divergence on Wednesday, with the Nasdaq-100 finishing posting a 1.33% gain versus a 0.09% fall for the Dow DJIA was particularly...
AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is...
NASDAQ:TSLA I took a trading position in this yesterday at $169.55. The idea was that once I saw price rejection after the low of 167.41, it is a reversal play. There is still a good deal of resistance around that blue horizontal line. My idea or thought is that this has been range bound for some time as such it very well could go to that resistance area around...
S&P 500 Index Technical Analysis The S&P 500 ( OANDA:SPX500USD ) has continued its bullish trend as anticipated, successfully reaching the projected targets. With the Consumer Price Index (CPI) result being released at 3.3% as we expected, the index tested its final resistance level of 5450. Intraday Analysis: Today, the price may stabilize within the...
Dear Colleagues, I believe that price will continue its upward movement to the 5549 area. I think that now the wave "3" of the higher order continues its active development. Possible correction in wave "2" to the area of 5369.9. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, since the 5351 level has been broken, I believe that wave “2” has been completed, which means that wave “3”, which consists of five small waves, is currently developing. Now I assume that either the price will continue the small wave “1”, or will form a small wave “2” in the area of 61.8% Fibonacci level, then continue the upward movement to the...
SP500 Index Technical Analysis SPX Continues Its Bullish Trend The price successfully retested and pushed higher, reaching our previously mentioned target. Today's Outlook: The market is maintaining its bullish trend, aiming for approximately 5420. The release of the CPI data today will significantly impact the market. A CPI reading below 3.4% is...
A strong end to Q4 Window dressing by fund managers who were underweight equities would trigger a cup handle pattern breaking the trendline of the pattern is around 4600 on the #ES I could also make an argument for HVF pattern we have a high 3 in place A recession will no doubt rear it's head at some point ... but a blow off top first to hand bears a...
OANDA:SPX500USD is looking like its in the end of the move higher. Thursday/Friday were very slow after the early week rally even with NFPs giving things a spike. now we look for Monday to give us some clues for the next move. Option 1 - We get a move down to 5320 before one more high up to 5400 area. Option 2 - The top is in on this run from the April low and...
Good Evening and I hope you are well. overall market comment Dax continues with daily new lows in a two-sided market. Nasdaq made another ath 48 points higher and broke above it’s wedge. Mixed markets going into tomorrows CPI and FOMC releases. I expect nothing less of a firework to either direction. For sp500 and nasdaq I expect a complete blow-off top if CPI...