...is highly unlikely.
The chart above shows the entire price history of the S&P 500. Each candle is a 6-month period. The channel that you see is a regression channel. It shows how far above or below the mean the stock market is at a given time.
At the close of 2021, the stock market hit the 2-sigma deviation from the mean. This is about as over-extended as...
SPX500 continue its bullish run closing the week strongly, however, price needs to over-power the head-and-shoulders that can potentially pullback the index...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
The price action we experienced this past week has altered my long and shorter term expectation for the market.
Upon hitting the price peak in January and observing the structure of the market unfold as it has it's obvious we've entered a "traders market". This is completely contrary to what we've experienced over the past 12 years and I think it's what we...
In the week ahead the known event risks are less impactful than what we faced last week, and we see catalysts that are more idiosyncratic to a set region. The RBNZ should hike by 50bp and indicate more is coming, and while much of this hike is already priced, I favour following the technical breakdown seen in EURNZD, GBPNZD, and GBPAUD EURAUD.
We get UK jobs...
Hey traders,
As I predicted, SPY nicely bounced on Friday.
Now the price is heading towards the next daily resistance.
Here are the key levels for you to watch next week:
Resistance 1: 4290 - 4400 area.
Resistance 2: 4500 - 4515 area.
Resistance 3: 4609 - 4639 area.
Support 1: 4150 - 4200 area.
Support 2: 4075 - 4100 area.
Support 3: 3900 - 3940...
It is as clear as daylight, that the SPY is very bullish.
The weekly chart closed the week at the very top of the candle, and more importantly above the 55EMA (about the same as the 200 daily SMA), clocking in a new recent higher high. Technical indicators appear to be supportive with MACD crossing over into bull territory.
The daily chart shows the mid- to...
ES1! SPX500USD 2022 AUG 15 Week
Previous supply zone has been tested and accepted.
Preference remains long on retracement.
Possible Scenarios are considered:
1) Continuation of uptrend for long on retracement
2) Temporary short opportunity on rejection of channel supply line.
Weekly: Ave vol up bar = minor strength
Daily: Ave vol up bar = minor strength
H4:...
Strong Downtrend (Line B) Confirmation: fib extention of 1.414 line A
Expected Lower Higher (LH2) formation
: fib extention of 1.414 line Z at 4320
: fib retracement of line b
0.618 at 4235
0.750 at 4367
0.786 at 4403
:Challenge MA 200 at 4310
Break LH1 of 4611 to continue bull trend
Hi Traders,
Watch the 425 Level , if market pull back and can test this level before next leg up. (429 May high)
Major support. 425 and resistance right now is 426 and then 429
Interesting too look back at previous periods and how the Earnings at those peak were valued. Also interesting to see where they bottomed and retraced back up as economic activity recovered. While buy and hold is a strategy, so is wait to buy in. $SPY $QQQ $DIA $VT
Hello friends
.The price is in the resistance range. So we will have two scenarios
.Price is in an important decision-making range
.We will look for signs of a price reversal or breakout
.The direction of movement is shown in the chart
.📢 Please follow your strategy, , this is just my idea
.🙌Please do not forget the ' like' button & Share it with your friends
.✍ I...
In the picture, I tried to clearly show the logic of what is happening, there are no such coincidences
a Tesla update that jumps sharply to the beautiful number 10.69 and the fact that this happens exactly on the days when bitcoin should turn down. And if you draw a range of dates, you will notice that it will be 1699 4h bars. This is all a well-planned pattern...
The above chart shows the SP Futures market is topping in what could be an “a” wave of a larger drawn-out B wave higher (purple), or could be all of the B wave (Black). Technically, we have all the waves in place to top NOW. Only the retrace will give us clues as to what we’re ultimately dealing with, but one thing I feel confident in is this particular...
Technical Analysis and Outlook
The current market destiny is Inner Index Rally 4330; however, Key Res 4302 might disrupt its journey steady to higher - the market will very likely turn down following the completion of the above markings. Mean Sup 4162 is a major show stopper.
That is abviously a death cross on VIX daily chart but if you look in the past last year, I doesn’t mean the trend will go much lower. We had similar thing in the beginning of this year but VIX quickly rallied and we are where we are now.
Now, that’s of the way, Here are the reasons we soon see big drop on all indices:
- Most of the indices tend to take same...
Hello friends
.Update analysis
..Trade Close:Target Reached
TP1 AND TP2 REACHED
..You can view and compare the attached chart and analysis
..Follow me to see more analysis
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for US500 .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Nothing much I can add, but few things:
Lots of evidence of the market hitting the ceiling
- SPX is at 61.8 fib retracement, very important to watch
- Added a trendline off Feb 2020 and Sep 2020 highs, we are right at the resistance zone.
- Main target (4308-30) is getting close to hit with no 4th wave pullback but relentless grind in a C wave up.
- Weekly...
