The S&P500 index (SPX) closed its last 1W (weekly) candle above the 1W MA100 (green trend-line) for the first time since May. This has been part of a very strong rally that started after the mid June low. The 1W MA100 has been instrumental in recent decades at deciding whether the index enters a Bear Market or resumes the Bull Market.
As you see on this 1W...
MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Crazy crazy stock market sign shows that great depression 2.0 is on the way
BE PREPARED and DO NOT MISS THIS...
From not only a fractal's perspective as many of you have seen from comparing price action from 08 & 01 to the present, the Moving Average distance has reached the historically critical levels as well.
The below indicator is MA_dist - measuring the distance price is above & below the set Moving Average (100 daily). The price has stuck its head up above the moving...
my main target of 4300 has been hit.
exactly 30 days from today, a majority of all of the puts in this market will expire worthless.
there is tens of millions of far otm contracts across the board.
majority of the stonk market is apparently short 👀.
majority of the market also tends to be wrong, every single time.
maybe this time is different, but...
Housing continues to implode along with China's recent Urban Outfitters.
8:30 am Building permits (SAAR) July 1.63 million 1.70 million
8:30 am Housing starts (SAAR) July 1.52 million 1.56 million
Interesting China avoided its Ecuminiopolis Economy... it's worse, of course.
The Cerveza Sickness compounds across all regions.
The Hot Topic is China leaving...
SPX tried its best to keep up.
However FED is about to increase the rate and also was between Taiwan looks gloomy.
weekly channel of MACD shows finally the bearish mode also.
exhaustion will begin soon.
3000 point is my target.
This is dangerous market for sure.
this was a question which echoed through my mind these last few weeks.
my primary idea has us going down, and very hard,
there's been a lot of excitement on this bear rally
>notice how i call it a bear rally
>cause that's all this truly is in my honest opinion.
a lot of people think things are back to "normal",
but normal is long...
$SPY Analysis, Key Levels & Targets
Y'all know that this is going to be a history making SLAP down by the 200 MA right?? That's all I've got tonight... 50EMA is hanging out too on a different timeframe...
Sleep well, y'all... 🐻🤓
Sorry that i don't have more insight tonight... these low volume meltups just make me mad sometimes... lol
Disclaimer: My long term projections are not anywhere close to as good as my daily projections
I'm not much of an Elliot guy, but I do believe in the 3 drive pattern because the market does it a lot. It's part of the algos, I posted 3 drive pattern down a few times during the tank. Anyways, this plot shows why I keep saying no shorting until next week, either...
Its a turning day tomorrow, the 16th, expect it to be an intraday or a closing high.
Super close to the Gap Fill at 4300.16 and my main target/resisatnce at 4308.50. Had that number since Jun, didnt expect it to get hit mid of Aug but EOM or first days of Sep.
Timing for the low is on Aug 26th and I expect 4010-30 to hold! Might get to 4050-60SPX only, will...
SPX coming to the top resistance where it previously got rejected (2x).
Also looking at a similar fractal, as well as de MACD showing similar movement.
Price is either gonna go bullish here and breakout, or we're gonna see a big downwards move..
What do you think?
Ideal target has been met!
Watch to close below 4308.50, ideally we close red, tomorrow will be a bigger sell off with the bounce on the 18th.
The target zone is at 4300-33, it can stretch into 20s, I will short it there, or short if we close below 4308.50
Timing should be right as per my last night update.
I will post a zoomed out chart after the close with...
I do not think we're in jeopardy of price running much higher...I think it's more a matter of when price will top. From there we start to scrutinize the decline. It's important to note that this move on a micro basis has extended to the 2.0. In my experience this resembles more so a C wave rather than a wave 3 of an impulsive structure.
As posted earlier I'm...
Last week posted this box, we now have reached the top of the upper box. 1 of 2 things are about to happen but both have potential to provide some market resistance. 1 is the box top, the other is an stop sweep over prior levels.
I will be forming a trade from the action not the lines.
$SPY / $SPXL 👀 – 08/15/2022| S&P 500 | #Future #Outlook 🎯 - 📸 🚨
📌 What’s good #PublicCommunity? Que es la qué hay corrillo?
📌 We’re currently impulsing within Wave 3 of the Intermediate Degree (in blue). Anticipated target before the corrective Wave 4 of the Intermediate Degree (in blue), is approximately within the range of 1.618 to 2.618 (extension), of...
got 3 paths from this current pivot.
4300 is the key.
close a daily above and it opens a door to 4460 ~ 4600 - which would be the ultimate bear squeeze.
fail to close above, and a door is opened to create a new low, most likely at 3500\3400.
mainstream media thinks we're back in a bull market, which is why i am bearish.