Price is showing signs of shifting down. Took this short looking to gain 3R risking 10 points targeting 30. I expect price to take out yesterday’s low atleast but we shall see. I am not a financial advisor so trade at your own risk and always follow your risk management plan!
Should start this week with 2 or 3 bearish days until we get into the FVG. From here we can look to take longs as a reaction from it being filled. Not sure if it will switch bullish but should get a good push up from there at the very least. Goodluck this week and feel free to leave your opinion below!
Just set a sell limit right here on spx500. Had a nice bullish run but didn’t break the high or low. Also the weekly will likely still close bearish so I expect price to take out those lows. Have a nice 15m shift leaving some imbalance to fill and have my stop above the swing High. Use proper risk management and fingers crossed we get triggered in after this nice...
SPX S&P500 is looking bearish for now. I think we might see an inverse head and shoulder chart pattern before closing higher this year. Looking forward to read your opinion about it.
SP500 TURNED UP - it's a matter of time, we can leave the current price, we can from a level that is lower, so everything is going according to plan, the way up for bitcoin is open.
Just set my sell limit. Price has made a new swing low and will likely pullback into the 15m order block and make a lower swing high in comparison to the previous one. We then enter there and target a newer swing low. Goodluck and have proper risk management!
I think we might see the end of the war soon. Russia says the first phase of its “military operation” in Ukraine is mostly complete. I am considering a W-Shaped Recovery on SPX and a price target of $4710. Looking forward to read your opinion about it.
The S&P500 turned bullish last week as it break through the three Crucial Resistance levels which can be tested as support now: the LL Trend line of 2022, the H4 MA200 and the 1D MA50. The natural target zone is the range consisting of the February Resistance (4595) and the 0.618 FIB Level But the Significant TA Development of the week, is the formation of the...
$SPX500 Game Plan As much as I hate opening a position against the trend, these are two levels that I will be observing. In an ideal scenario I want to open the short upon confirmation. What does this mean? If price reaches one of the two levels - $4524 or $4586, I want a small retracement followed by a double top or lower low. I can then open a short position...
Take your seats and Prepare for the 4th Turning. De-dollarization is occurring before our eyes. The game of musical chairs is coming to an end. We will be lucky to get away with a debt crisis. The more likely outcome is a currency crisis. Your currency is not money, it is fiat. It is important you understand the difference. The thing we call money is fiat credit...
Spx has just had a confirmed trend on the weekly to the downside. Is there a potential crash about to happen? Inflation is through the roof, The us has stopped printing money, Interest rates are going up this year in most countries...... What happens next? We are due for a correction at least. We have a correction every two years. Looking at all the data most...
Hi everyone, SPX is currently playing Impulse Intermediate wave 5 of a Main A Wave. Most probable targets for this Wave 5 are 4212 and 3976. Because last Wave 2 (in blue) was very strong, im expected at least a troncated wave 5 at 4212. 4358 (100% of fobonnacci) is the 1st possible Wave 5 target but i would be very surprised if the market makers are not bringing...
Hey Tradomaniacs, Here two key-notes that shows a divergence of the ECB and FED: 1️⃣ Very hawkish FED "The market now sees a strong chance of the Federal Reserve starting its monetary policy tightening with a 50 basis point hike in March, especially after St. Louis Fed President James Bullard stated that he has become "dramatically" more hawkish. He added...
Will we find a low at 4330/4350 range or are we heading lower to 4225/4250? Time will tell.
S&P 500 Bullish Pattern Each time S&P create a swing low wave in the daily , a bullish big wave is the next
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...
S&P 500 (SPX) has been in bullish trend since March of 2020. It has been following bullish parallel channel by heart. Recently it has broken the trendline but found a good support at Fib Level 0.236. We are expecting bulls to be active again as they were little tired with almost 2 years of trend. This support zone will be important level and bounce is...
Study the greek economy & politics from the period 1990-2012 and you might find a lot of similarities with that is currently happening in the US. Greece experienced a credit boom from 1990-2008, people however were living above their means. We faced the biggest bubble in Greece's economic history during the 1999 when everybody was playing the stock market! and i...