🔸Hello guys, today let's review 2daily chart for IBB . Entering re-accumulation stage now, expecting range bound trading during autumn time season. Range defined by range highs set at 135 usd and range lows at 117 usd. 🔸Similar fractal observed in 2018/2019. Faded into range after heavy spike, re-accumulation then 50% pump later during spring 2020. 🔸Recommended...
S&P500 hit the 4,375 target of our last signal (chart at the end) and turned neutral on the 1D technical timeframe (RSI = 54.575, MACD = -15.020, ADX = 40.128). The rise is now approaching the 1D MA50, over which the new top was formed before on the LH of the Bearish Megaphone. We will wait for the top and short, aiming at the 0.5 Fibonacci retracement (TP =...
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (4) correction can be finished. If the upward move fails, there is still a chance that we get the wave (4) as an ABC.
Advance decline has made a new swing high confirming the rally in the SPX and supporting strength for further gains in week ahead. Have very little reason to be bearish SPX at this point in time when market breadth is supportive
I am bullish SPX yesterday; it was somehow a choppy move but the direction is clear. You could short it and make money (of course) but the direction is much clear. And if you look at the levels provided yesterday (); it was another perfect move. Market initially based at the PZ as per arrow given, rallied almost 20 points to top of WBZ, then weakened and pulled...
/ES formed another level of MACD Bearish Divergence near the HOP of this Bearish Bat, and from the $4,400 level of interest after briefly peaking above it. During the PPI release, it has peaked back above it again, but on what seems to be less relative strength, so I overall suspect that it will fail from here and come down to test $4,350, and if that level...
S&P 500 INDEX MODEL TRADING PLANS for WED. 10/11 Geopolitical risks, high interest rates, sticky inflation, extremely strong jobs market, early signs of consumers beginning to scale back (per Walmart's CEO)...yet, retail bullish positioning has increased last week. Is this Fools rushing in where Angels fear to tread or retail investors having some crystal ball...
Equities have rallied for three straight days in a row. Any test of yesterday's High could provide direction for the day. Level to watch: 4302 --- 4304 Report to watch: US:FOMC Minutes 2:00 PM ET
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (4) correction can be finished. If the upward move fails, there is still a chance that we get the wave (4) as an ABC.
I was bullish yesterday () without doubt; but the question was, if market is going to give a dip first. But when US session opened, when price was much sideways, I said in the group, bias is to the upside. I also called the move up at 945am EST and we got a 50points rally! At 1145am EST I said short NDX on resistance and that was the top as SPX also collapsed. My...
Looks like Minor wave A likely finished today, next up is Minor wave B. Models point to 18-22 hours of possible duration which will likely see the bottom on Thursday. There are a three pockets of interest for the bottom. I used the green box (4281-4294) for the more conservative zone, yellow (4255-4275) for the more aggressive zone and my target is the white box...
Remember when i said i was buying calls from $422-$417 and expecting at least a bounce back to $429? Trading options on the daily/weekly has been wonderful with this T/A lately. Now if we can just open lower tomorrow and keep the momentum of Wins going. We began buying PUTS today at the $436 line given. Honestly most of them we worth closing (and did) by...
CBOE:SPX chart is quite INTERESTING. We can see the obvious short term downtrend. We're currently at the bottom part of the GAP. Volume has been a lil lighter, holiday is likely the reason. RSI broke the downtrend it was in Maintained the longer term 2022 low up trend. Can AMEX:SPY reach the top part of the current downtrend? AMEX:SPXS AMEX:SPXL...
SPX Closing on 4400 Gap to Filled Tesla Earning On Next Week
S&P 500 INDEX MODEL TRADING PLANS for TUE. 10/10 Geopolitical risks, high interest rates, sticky inflation, early signs of consumers beginning to scale back (per Walmart's CEO)...yet, retail bullish positioning has increased last week. Is this Fools rushing in where Angels fear to tread or retail investors having some crystal ball into the future that...
We have shown numerous times that the S&P500 (SPX) was in a 2.5 month Channel Down/ corrective move but all within the larger Channel Up pattern, which keeps the long-term trend bullish ever since the bottom recovery last October (2022). Much like that bottom which was formed by the rebound on the 1W MA200 (orange trend-line), 12 months after (October 2023), the...
There is a Bearish Bat with PPO Confirmation and MACD Bearish Divergence visible on the Hourly chart and if it plays out, it is very likely to bring us down to $4250. If that doesn't hold then it could go down to or even below $4000.
As mentioned yesterday () and as perfectly played out, market gapped down on bad news was a perfect buying opportunity and SPX eventually closed green at the highs. Price action was so clean, with price just consolidating for the whole Asian and European session, only for the huge rally to start in US session; with PZ holding the lows (and the same time NDX PZ...