Hello, dear traders, I hope you are doing well. In this analysis, you can see the corrective waves of the S&P500. I think we have a diametric and after this up we will have another down towards the demand area. If you have a question, ask. Check out my bio Thank You
This is how I see the whole move developing into end of Q1 of the next year. I do expect we will bottom on Mar/Apr (May if stretched) 2023 and then rally up into a bigger B wave up. There is a chance that we will see 1550-1750SPX as well as 4300-4500 within next 10 years, doubt we see new highs till after 2032 Please note Im not a Nostradamus or a person who...
Ideal target if the re-test of a broken flag holds 3798SPX is what Im watching on closing level. Daily chart is setting up for a squeeze to 3900+ So lets see what the close number brings
Happy Sunday everyone Here is a 4h chart. We are getting close to the breakout point, has to hold at that upper trendline Main resistance is at 3775SPX, dont rule out a fakeout into 3800 to finish up C wave up. - If breakout happens, will be watching for the test of the breakout trenline from the bottom and if broken out from the top. - Will do a long trade on...
No follow through today, really in a no mans land. A bull flag is a worry for the bears and the H&S (which is quite big) is a worry for the bulls. Peak your side:) Wont rule out a move to 3770-80SPX to have everyone believe that we have broken the bull flag to the upside, then we finally reverse and re-visit Oct 2nd low at min Im seating out and waiting for a...
Im always honest with my homework, I dont like to have several counts to be always right. At this point Im seeing both scenarios: 1 - We break the orange trendline and we are off the races to 3900-4000 (not preferred) 2 - We break 3500 or Oct 2nd low, we see 3380-3410 at min! I'm in lower lows camp, as you know. But the window for the strong move down to start...
Hi everyone, I slept in today and did few things around house, needed some time off the screen. Yesterday wasnt a good day for me, I had some losses with stops, its not an easy market to trade, too wide stops get triggered as well. Im doing swing trades now only till the first extreme hits. So far its short the rip game and Im looking for the first test of...
In this analysis, I discuss SP500 using Russel2000 as a leading indicator and try to figure out what can follow for US stocks and if the drop will continue. In my opinion stocks are not out of the woods yet and another 20% drop is looming on the medium term
Even if the triangle is broken down, it still can spike up into tomorrow. watching 3680-83SPX. Im holding my swing short, will add if we see higher levels today. Quick ins and outs Main resistance is at 3798SPX, Support is not even close at 3565-70SPX and below, they are minor, weak. I think we will have a range bound day into tomorrow, cautious on both...
This is the only bullish setup I can come up with if the price takes 3822ES The target is 3965, right where is the top of the trend channel is - Fits well with the fibs extensions To me the price has to gap up above today's am highs to have this pathway proven. Also wont rule out just a test of 3820-22ES or 3800-20SPX. I have also revised my SPX chart, see...
Small disclaimer: - Im not calling for a crash, but expressing a high chance (in my personal opinion based on my own homework) scenario to play out within a month time frame! - When we are out of the crash window, I will reduce this possibility to bare minimum! For this scenario to play-out (not a trading advice, just a possibility), we need a daily close below...
We got here divergence in price on this all four indicators, b-trend, rsi, cpr bear and DRW macd where I can find a reason to think that this bear market is almost over, we have as well a bullish engulfing candles from last two trading days. Good luck.
Well its a very bad close imo. Bullz have only one chance to hold todays close in B wave down and rally up to 3800 even! But if it instead (higher odds imo) we crash from the open, then my pathway will be - Down to 3400 - Bounce to 3500 - Down to my 3212 (better hold it) If 32 handle wont hold, we will see 2855SPX by 24th! Be ready! Im sure majority is not...
Morning everyone, I sleep in today and missed am short, sold my puts from yesterday at 3620ES zone though, re entering those now again. The price hit my 3720-30 (as per my yesterday's update) zone in am, was an amazing short and I missed it! I see 2 possible pathways: - first is the price is working on the right shoulder and will push much lower next week. My...
The fall will be big imo, there will be a very long red candle, when I have no idea, but its getting close Ideal target is 3680 and 3700, then 3735-45SPX
Sometime things are super simple! This low wont be even lower then 2020 lows! I did expect the 2020 lows to be re-visited since Jan-Feb of this year! Well its coming imo Will it be Oct-Nov low or extend into 2023 Mar/Apr low, I dont know. I would like to see that low to be seen in Nov and Q1 next year to be a higher low. Then we rally so hard into...
Is anyone a candle pro? Usually it gets resolved in a direction its started, the first candle. How it has to close tomorrow to be a valid pattern? Please post below
If and when it falls, the target will be much lower from where we are now. Todays rally, can very well extend into tomorrow and hit the upper part of this chart 3730 So far its a perfect trap imo. This month will be crazy volatile!