Welcome Hyperspace Travelers... I have been eagerly awaiting you..
This is the long anticipated Part B of my S&P chart.
In order to understand my Part B chart of the S&P500.
It is extremely necessary you go through all the snapshots of Part A. I warn you it is ungodly long. But if you want to understand more..
Shift to side trend after crossing S/R.
Feels like market is teetering on the edge.
Maybe we get one more final FOMO push up but we'll be heading down after the next red line.
We got a big SELL confirm on the 4H and a small SELL confirm on the 1D here so far in addition to a long (and growing) SELL entry window.
We also got an Aug 12th HH signal with...
SPX500 trades around 3370 for now, after hitting 3388 mark yesterday. Price action remains subdued for now but it is critical for 3400 to hold if bearish structure is to remain intact. Having said that, also note that upside would remain limited even if 3400 breaks. It is better to avoid getting into any bull trap if prices pierce above 3400, going forward. On the...
Smart money began giving up on the dead cat bounce April 8th and is now back down close to March 2nd lows.
Only thing keeping this afloat is FED liquidity and an irrationally exuberant Retail.
The rich get richer and Retail gets poorer. Same old story.
We are approaching resistance very slowly. The price respects the level, which means that most likely there will be a breakdown of the resistance and we will go higher to 3500. Again, I would pay attention to the strength of the breakout impulse.
That substantially decreasing BUY volume is looking scary. Fractal is almost an exact match too.
Strong chance we see increasing SELL volume next week.
The TRIN bounced off the top of the down channel and back into the up channel right on the SELL line.
If this fractal does play out, we'll see TRIN jumping up and holding above the first purple line with spikes...
SP500 almost reached all time high level - was stopped at resistance left before the big COVID dump. As we can see it didn't make it through. Volume made on these attempts is similar to what it had in the beginning of dump, so I'd say it is complicated situation now. No clear trade plan. Either long at breakout around 3380 or short break down below 3355.
Hello traders and investors! Since it is Friday, let’s do a complete study on SPX, by doing a nice Multi Time Frame Analysis (MTFA). Therefore, I invite you to follow me if you are new around here. Every day, after the market closes, I’ll share a few thoughts here, and I’m sure you’ll find something you like!
The black line in the hourly chart is the ATH. Yes,...
Here is another potential fakeout of the rising wedge reversal pattern, a good place to enter longs on gold.
Even though the hourly moving averages are bearish, 15 min moving averages are way too bullish.
Gold is still trading above its long term trend line and we can expect it to go higher whilst this trend line remains...
Making a quick call and possibly jumped in a little late but we exited the channel that I presented from my last idea and re-entered. Upon re-entry we have positive news of the CPI and a bull Flag. Also yesterday's low is acting as a great support thus far. As long as that support isn't broken then I'll stay going long to see if we can break the high today.
Expecting a breakout fakeout here on the dow, 5 min moving averages are very bearish still.
These moving averages in no way support a breakout here and daily is very overbought.
There is a gap fill still not filled from 3 days ago down at 27690, let see if we can get a 300 point move out of this to the downside.
💬 The SPY (ES1!) and DJI (YM1!) are both approaching resistance according to their futures contracts charts (ES1! And YM1!). Do we get a pullback here, or does the Dow retest its previous top while the other indexes run? We think both moves are in the cards. Given that, let's look at some support and resistance levels to get a sense of what might come next.
Once it finally breaks through this line we will likely see some retracement back down to the yellow line.
Good chance we see a bigger correction after it crosses the next red line. We're getting a SELL entry signal on @avacamir's indicator on the 2D, which is quite bearish, still waiting for the final SELL confirm.
Between yellow and green I deemed the Death...