Whenever this occurs, it signals the bottom of the market.
In this weekly chart, the blue line represents the 50 Simple Moving Average (SMA) and the black line represents the 100 SMA. As we can see the 50 has inverted the 100. Whenever the 50 crosses below the 100 on the weekly chart and then price moves above the 50, the market doesn't set a new low until a new...
This naturally rimes with the Nasdaq signals and with the overall global equities outlook.
Here, two opposing forces are the most significant factor;
1) The unfolding (and enduring!) USD strength - Downward pressure ;
2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure .
Driven by the rapidly unraveling ...
In my last analyses about the SPX , I spoke about a bottom of the index. The price was in the process of breaking the resistance when I created that post.
De deciding factor was whether we could create new support out of old resistance, which is happening right now.
First, the lower part of the zone was touched and made the price bounce. Now, we're witnissing...
After 5 wave decline in a limited downside triangle ,the trend reversed @ 3491 on 10th Oct'23
the reversal is a Zigzag 3 wave up move, where wave B is completed today after a BO rally and retest of upper trend line of Exp Triangle.
its time to start next wave 'C' from today 10th march.
buying is a good opportunity for a month or more having a target of...
💥 S&P 500 INDEX SPX 4H-TIMEFRAME ANALYSIS
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The overall daily trend is bearish.
Price has taken the liquidity which confirms the LL and price can take Engineering Liquidity in the coming days to tab on the extreme point of interest and can bounce back towards a Lower Low.
I have 2 counts, one of them is lower low and the other one is supporting this IHS possibility.
I will post my main chart tomorrow or tonight here. It was updated this Tuesday and so far we have both options on the table
Pair : SPX500 Index
Description :
Break of Structure
Rising Wedge as an Corrective Pattern in STF and LTF with the Breakout of LTL and Retracement
Divergence
Impulse Correction Impulse
Bullish Channel
Consolidation
Completed " ABC " Corrective Wave
This chart is from 2 weeks ago and it's playing out so well.
All the updates and trading setups are posted every day as well as big updates are posted on the weekend.
Have a nice day
The daily SPX chart vs Fed’s balance sheet everyone is excited about. A temp liquidity inflow is different from what it was in previous years, including 2020, there was no 6% inflation at that time, and the Fed won’t cut anytime soon!
The Fed will only start cutting when they break something, and we start to see the tip of the iceberg IMO.
Now compare it to...
This analysis isn't going to be very exciting. I just wanted to share that I think it is likely the SPX has found a bottom.
We're still below resistance, but this is likely going to change soon, especially with the 3rd retest of the zone.
I'm bullish on the stock market.
The ideal high (and it will be high for the year IMO) is coming in early Apr/May.
We shorted the top almost to the tick yesterday! Also had a great short scalp before Powell speech today
Now covered at 4004SPX, which was our main target.
More setups since last night's update.
Patience is everything!
hi traders!
In September this year we have published a trading idea where we identified the Rising Broadening Wedge on SPX chart, which is a bearish pattern and we predicted more downside to come:
In November we looked at the chart from a different angle and we published the idea where SPX continues the downtrend as it's getting rejected from the downsloping...
Hi everybody!
Sometimes it could be useful to look back a bit to have clear in mind where we are and where we want to go. This chart shows the trend of S&P500 since 1800'. Great Depression, Oil Crisis, Tango Bonds,... have always been great opportunities for the market. That said, the market is mainly made up of "emotions" that trigger certain movements, so...
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...
I have monitored the options chain of SPY in the past 2 months and I noticed some big Puts positions that are recurring, regardless of the price:
2023-3-17 expiration date
$386 strike price
($2.53 premium now)
I don`t know that it has something to to with the higher than expected inflation, continuation of the interest rate hikes, the P/E ratio of 21.80 for SPX...
ES and SPX charts 👇
2 possibilities:
ES
- A perfect extension confluence with a previously calculated target to hit tomorrow or early Fri 3924ES
SPX
- A possibility that the low has been hit today and we go up tomorrow. A gap down will kill this scenario and we go by the 1st one
For Life updates and trade setups through the day and night check the link...
SPX is retesting a broken bull trendline from below (not shown on the chart here)
We have a window for the low starting tomorrow and going into early next week.
