On Friday 10/25/21 the $SPX - S&P 500 closed at $4,566.48 up +21.58% for a new ATH - up from FY20' high of $4,756.07 an increase of (32.7%) YoY
This was boosted by strong earnings, progress on U.S.-China trade, & $TSLA reaching a new ATH price/share and record breaking market cap of +$1.0T - $SPX contributes to 113.6% daily returns YTD - 7th highest weighting in...
$SPX - S&P 500 Outlook by EOY 21'
52 Wk Range - $3,233.94 (Low) vs. $4,551.44 (High)
After 7th straight day of gains - due to better than-expected earnings announcements & a new ATH of $4,551.44 on 10/21/21 - I believe the S&P 500 has the potential to reach $5,000 or higher by Jan FY22'
TSLA stock is the example for this big name in the market. Over the past year we've seen Tesla run up exponentially in a short period of time as it seems it'll be the future #1 stock in the world to later replace AMZN / AAPL as the top dog.
We can see that TSLA shaved off 40% from it's highs and then still found structure to push back all the way up to highs --...
Summary: Tesla led major indexes and the Consumer Discretionary sector higher today as it became the newest trillion-dollar company after announcing a 100k car order from Hertz. That sent EV stocks higher and kicked off a big earnings week with fresh optimism.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or...
The market feasted on the fuel from the iH&S break and has powered price to the Golden Section of the Pattern Break Target. Along the way a H&S was invalidated and a Diamond served as a continuation pattern to the upside. Big Tech continues to report as both MSFT and APPL have set up above support in sideways patterns.
S&P500 (SPX) Hyperwave - have we entered phase 4?
SPX is potentially one of largest hyperwaves ever. Tyler Jenks predicted between $5600 by 2023 to $7500-10000 by 2025 (conservative/aggressive targets).
Hello traders and investors! Let’s see how the SPX is doing this Monday!
We don’t see any top sign yet, and the 21 ema is holding the price nicely. However, if it does any bearish structure around here, the pullback might lead the index back to the 4,465, which was a previous top level, and probably it’ll work as a support in the future.
We don’t see any bearish...
Listed here is a monthly candle chart going back to 1960 to serve as a companion to my daily candle chart on the same topic. See linked Idea for details.
We broke out of so many resistance W/O any kind of blinking this move has been so far
unstoppable probably due to the fact we have this news :
- The blended net profit margin for the S&P 500 for Q3 2021 is 12.3%, which is above the year-ago net profit
margin and above the five-year average net profit margin (10.9%).
Sine covid's low every time on the daily time frame we get so much Gaps we get a follow through of a
very strong bullish move. We shall see if this time is different or no.
Sign of a melt up is when MFI goes down but the market doesn't
In any case ES MFI isn't oversold yet, the big rally happens when it does (or FB earnings, one or the other, lol)
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Currently, market is trading around Friday's High, we could have a range bound day.
Any test of Friday's High could provide direction for the day.
Level to watch 4544 --- 4542
Hello friends! It's been a while. Many apologies for that. Life has been busy so I haven't been able to dedicate much time to T.A on TradingView.
I have recently pulled out of Crypto, just waiting to see if Bitcoin decides to break-through or crash. Patience is key here - keep cash handy. You want to be sure of your investments (easier said than done in these...
I would Draw each extension from High to High
on Micro Timeframes, but did not on this Chart.
The reason - attempting to find how the ST ALGO
is setting up between the 3 AMEST - EU Session Open
to the HIghs.
We see 8 Days completed with Globex in tow for
good measure. Sundays Opens are included and
indicated.
Tha Larger Draw on the far left is Low to High -
it...
ES Short Duration Indicator Conditions on many Parameters are excessive.
Weekly close for the ES @ 4536.50 - prior Weekly Close @ 4462.50 / 74 Handles
differential.
Friday's Range 4515.50 - 4151.50 / 40 Handles
Weekly Volume declined by 14.7%
The November VIX closed the Week 100 Ticks below the prior Weekly close
for the November VIX CT (VXX)
October VIX CT...
