Hello Traders ! On The Daily Time Frame, The SPX500 Price Reached A Strong Support Level (4141.00 - 4103.00). The Resistance Level (4397.84 - 4376.45) is Broken and Becomes a New Support Level. The Resistance Line is Broken. So, I Expect a Bullish Move📈. i'm waiting for retest... ----------- TARGET: 4500.00🎯
Pair : SPX500 Index Description : Exp FIAT as an Corrective Pattern in Short Time Frame and Rejection from the Lower Trend Line after it has Completed " abcde " Corrective Waves. Impulsive Wave " 1234 " Completed at Fibonacci Level - 50.00% Entry Precaution : Wait until it Breaks or Rejects UTL
SPx New forecast The price of the index rose yesterday and some positive trading appeared to stabilize above the level of 4353, trying to confirm the positive continuity and reaching 4395, which in turn currently constitutes a new resistance and stability above it will facilitate the task for the price to reach 4427 and 4445. Therefore the uptrend scenario...
█ OVERVIEW Since 2022, the S&P 500's consolidation efforts seem to be coming to a clear Head and Shoulders pattern, completed by a recent 3 bullish drives pattern. While it would be naive to think a straight beeline to 5000 is in play, the current price of 4350 is suggesting a return to new highs in early-mid 2024. This is likely to be in sync with the Federal...
SPx New forecast The price of the index rose in yesterday’s trading with strong positive pressure as a result of its repeated stability above the support represented by the level of 4205. We notice the formation of an upward impulse, thus compensating for some of the losses achieved recently, to exceed the stable barrier near 4230. Therefore the upward trend...
SPX is now at a key level of prior resistance. Will it be as simple as prior resistance turns into support for SPX? This is definitely an area to watch.
SPx500 if it falls above 4310 in this direction will rise to 4337 then 4361 then 4383 but if it is below 4310 the direction will go down 4278 , 4253 then 4227 Pivot Price: 4310 Resistance prices: 4337 & 4361 & 4383 Support prices: 4278 & 4253 & 4227 timeframe:4
Pair : SPX500 Index Description : Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction. Entry Precautions : Wait until it Complete its Retest and Rejects
In my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance...
#SPX had some nice upside today, but the daily candle closed at resistance though. Tomorrow will be important for seeing whether SPX breaks above resistance or gets rejected back down.
SPX 500 Lower highs now for the last two months and higher lows still bearish here till break the highs at the $4333 area, the target is the next low on the left at $4100
SPX lost a key support level at the orange support zone today. I think the white trend line and yellow support zones will be key support levels if the S&P forms another dead cat bounce or is bearish tomorrow.
SPx500 if it falls above 4296 in this direction will rise to 4312 then 4334 then 4353 but if it is below 4296 the direction will go down 4279, 4259 then 4240 Pivot Price: 4296 Resistance prices: 4312 & 4334 & 4353 Support prices: 4279 & 4259 & 4240 timeframe:4H
SPX\S&P500 W1 – the third wave pattern has formed. The previous week closed with the level consolidating and the 1st wave breaking through (4334.4) – global targets 4045 – 3800. What can you expect? You can consider an entry from breaking through the level of 4277 to continue the movement down to the levels of 4092. Having canceled the movement, the price...
Hi Everyone, A summary of the last 5 recessions since 1981... These recessions triggered declines of at least 20%. The Great Recession from December 2007 to June 2009 was the one that most affected the market with a decrease of about 57%. Regarding macroeconomics, the Americans are currently implementing a monetary tightening policies and have announced a final...
S&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%. Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage. From a big picture point of view, S&P 500 continues to consolidate in the range between...
Pair : SPX500 Index Description : Bullish Channel in Long Time Frame and Rejecting from the Upper Trend Line Completing its " 3rd " Impulsive Wave. We have Break of Structure and Making its Retracement in Corrective Waves " ABC " . Possible Rejection from Fibonacci Level 61.80% or Previous Resistance
I believe that US30 and NAS100 are currently in a league of their own, one where it is so manipulated that not even SPX500's micro-movements can even keep up. If you found yourself in some bad trades with SPX500 recently, I wouldn't let it get to your head. Clear your brain! Good luck this week. How to play my chart: Buy at support TP's (green), sell at...