SPX IS SNCE CORONAVIRUS QUARANTINE CORELATED SINCE FED IS PRINTING MONEY EVERY THURSDAY TO BOTH INSTRUMENTS, CURRENTLY PRICE SITTING AT BOTTOM CHANNEL+ DAILY EMA
pRICE BROKE LOWS WITH BEING BELOW 200+50, POSSIBLE LH TO SELL, IF CURRENT LOW BREAKS WITH THAT DAILY EMA+CHANNEL WE SHOULD CONTINUE LOWER
Hi Traders,
In the coming weeks, SPX500 will be entering an elongated series of corrective structures before we can see next impulse rally. In the interim, I'm expecting price to push lower in an ABC structure. Look to join short positions when price confirms.
Regards
Wave Theorist
We have levels of importance as you can see. The middle one is 0.618 from April 2019, a very important level. Other is price projections, with levels of importance, I expect bounce (at least small), from every level on the chart, as you can see it worked so far.
Perhaps there are a thousand more scenarios although I can see how the index has been losing momentum. Could it be that the market stimuli have not been sufficient and we are facing the continuation of the correction?
I have drawn in yellow my main idea, that this is falling apart again. In another colour, a kind of orange, the idea that the market is still...
Our view on #SPX500:
Price reacted very well on the last Fibo Zone in 2900 Area.
The next one is around 3000 and we're sure the price is going to reach that zone and bouncing downside to 2900 Area.
This is a possible short trade.
We only have to wait for a confirmation for a long trade to area 2900.
It seems a Wave pattern is consolidating. We only need to know...
HI
SPX / USD will hit its resistance line and will move towards the specified arrows.
And it's the best time to get into a deal
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GOOD LUCK
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
#SPX500 near to a very important zone.
2850 is a key level:
- Big Support/resistance in the past
- Fibonacci Level
- Possible point 5 of Elliot Wave.
We really expect a big bearish movement from 2850/2880 Area.
First TP the bullish trendline on area 2680, then will see..
Hi Traders,
Until the drop we had on February 20th, price was making a strong case for continuation towards 4000. This may still happen, as this current drop has completed a WXY expanding flat (i.e. wave 4 on the higher degree).
I'm therefore looking for price to confirm long setups as it is expected that the bull rally may resume.
Trade with...
#SPX500 what to do in the long term?
Today Market strongly bounced up between 2 Fibo Fan but it didn't hit yesterday's maximum.
This let's suggest the ending of the bullish movement started today.
Anyway, there are 2 key levels that need to be monitored:
- 2390 (last minimum)
- 2750 Area
We keep selling until 2390 and under 2750, we go long only if a daily...
The price is expected to test the trend line which is around 2700$, and if the price breaks the 2500$ mark !!! expect a major crash like 50-60% which do happen in 2008-2009
