Hi everyone, SPX is about to complet the C wave inside this Zig Zag ABC. Max wave 5 target (the 261.8%) fib is at 4500. It's a very clean pattern, impulse down in A, ABC in B and impulse down in C on the 100% fib. SPX is already diverging (bullish Divergence Class A on the RSI).
The big question is what's next...?
It can be 2 things now, a new higher high or the...
Anyone ever look at #SPX500 12 M chart? Looks to me like we are in an obvious W3. Question is W3 going to hit that 3.618% Fib level B4 tanking back down to test the 1.618% or is W3 done here?
The way #SPX cuts through fibs I think 5,700 is more likely 1st.
Looking at the 4hr SPX500USD chart I have found a couple of price levels where price may reach for and target before hitting the 5000 mark.
We see price has been consolidating for some time now and making volatile moves both up and down. This has created and left liquidity pools which I believe should and could be reached for. The dashed trendlines showcase the...
Looking for s&p to fill in the imbalance and potentially run higher.
2 entries have been identified, one where price could tap into the imbalance (which is also a quarter point level) and run higher
The other, price could retrace into the daily orderblock and then run higher, this entry provides a better R:R
DISCLAIMER: I am not a financial advisor and nor is...
In yesterday's Nasdaq100 analysis I said that I expect a drop for the index and 14k is my first target. Things are not different for SP500, here also expecting the price to drop.
Also, SP500 has started the year badly, with a bearish engulfing weekly candle and, although the price structure is not so bearish like in Nasdaq's case, a drop is probable here...
$SPX500 Weekly Analysis (Long)
Based on the formed ascending channel, I believe price is currently in overbought territory, and as such it will retrace back down to the lower trend line. The zone of interest is between $4,646 and $4,710.
That is of course in case the price doesn't go through the highest high level ($4,815), in which case I will either be buying...
SPX is trading at all time highs now. We remain bullish but will keep a support level at 4784 to manage our risk.
We use Aspen Trading Support & Resistance Levels to risk manage our positions. These levels are invite only and can be accessed through url in my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute...
Never trade on news. Follow the support and resistance levels to find the direction and the right trading opportunities.
Using Aspen Trading S/R levels, we can see the support at 4559 level and short term resistance at 4616 level.
Aspen Trading S/R levels are invite only and can be accessed through url in my profile information. These levels can be drawn...
The S&P 500 begins today’s trading on the cusp of all-time highs and speculators cannot be faulted for anticipating the day ahead with excitement. Yesterday’s FOMC statement from the US Federal Reserve delivered clarity for financial institutions, and perhaps more importantly, met expectations.
This propelled equity indices higher and the major US stock markets...
A lot of FUD from the FED meeting today. However, this was an important week for the SPX and markets. Everything has already been priced in.
The SPX has now printed a bullish engulfing on the 4h. Although not as powerful as others I have seen, it is still a bullish sign.
In my opinion, we are in the process to create an inverted head and shoulder.
It is now...
The S&P 500 has pulled back during the trading session on Thursday to show signs of weakness at the 4700 level yet again. This hesitation is something that we have seen more than once, therefore it suggests that it is going to take a significant amount of momentum to finally break out to the upside. The 50 day EMA underneath sits just below the 4600 level, which...
At the morning I posted the the S&P will go long but it didn't, unfortunately it decided to stay consolidating in the channel you see in the picture, by going to the daily chart we have a beautiful spring box which is an acceleration of the bullish trend.
See you tomorrow in a new forecast !
Good morning traders !
You might wonder why I said that the market will go long while it's consolidating and we can't decide if it surely will. Following my strategy and some analysis I've made it will long.
Buy S&P now and place SL and TP on your own.
Good morning traders !
It's been a while I haven't posted however today I managed to post today's signals on the S&P and NASDAQ. We've got a signal to buy S&P even though we had a bullish trend on the Asian and the European session. Buy it now and place TP and SL on your own.