Although the S&P 500 has been pushing hard for the last year, I think the omicron shakeout has brought a new short term correction. I have laid out the wave count in the chart. This was the 5 wave cycles of the intermediate wave 5 of the primary wave 3 (not highlighted here). This is also been confirmed by the EW channel drawn in the chart. I expect S&P to finish...
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.
$SPX500 Long Setup 🔵 Entry Level: $4560.0 🟢 Take Profit: $4500.0 (2.31R) ⛔ Stop Loss: $4586.0 Reasons: - Reached upper trendline in a descending channe
The S&P 500 has rallied significantly during the course of trading on Thursday to wipe out the losses from the Wednesday session. We managed to close above the 50 day EMA, as it looks like markets are ready to continue to go to the upside for a longer-term move. All things being equal, this is a market that I think continues to see plenty of interest, as we have...
Can't stress this enough, especially in terms of the S&P’s, trade the levels and stop trying to forecast. The volatility intra-day is insane. Aspen Trading S/R levels are invite only and can be accessed through my profile information. They can be automatically drawn on your charts. Disclaimer: This analysis is for information purpose only and does not...
S&P 500 Long Setup 🔵 Entry Level: $4485.5 🟢 Take Profit: $4598.5 (2.59R) ⛔ Stop Loss: $4441.8 Reasons: - Expecting price to respect the lower trendline in the descending channel one more time before correcting to the upper one - Entry level is also previous resistance level from August and September
The Solomon Number of SPX is: 4705 Instructions: A- Every DECREASE in price is an opportunity to BUY. The Target is Solomon Number 4705. B- Once the Solomon Number is touched the analysis is no longer valid to enter OR take long again. D- Apply proper risk management according to your balance. 1st long entry@ now 4594 2nd long entry@ 4550 TP@ 4705
Double and Triple ZigZag Rules: Double (DZ) and Triple (TZ) Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining Wave called an x Wave, and are corrective in nature. Doubles are not common, and Triples are rare. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or 'Sharp'...
SPX500 Short Setup 🔵 Entry Level: $4714.3 🟢 Take Profit: $4632.6 (2.61R) ⛔ Stop Loss: $4745.6 Reasoning: 1) Resistance level 2) Expecting divergence in the RSI Candles indicator 3) Yet to test the lower trendline of the ascending channel
After trading below its 100-day moving average just a few weeks ago, the major US stock index has been roaring ahead for the past five weeks, rising in value during this time by about 8%. The end of last week saw the price reach another new all-time high, after having traded above the round number at 4700 for the first time. The weekly candlestick was solidly...
Should see price reacts nicely from here for some longs. May not make new daily highs but will definitely get a bullish reaction from here.
based on the chart and my fundamental analysis, the s&P 500 won't have a good year in 2022 and it's gonna be mostly falling. I think the falling will start with the technology sector and continue to others. I will post my fundamental review soon so follow me to get notified.
Hi Traders, This is my view on this pair for the next days on #SPX500 using my 2 intraday strategies. (I’ve just shared my fully explained 81strategy on Tube) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will...
S&P 500 Weekly Plan Long Setup: 🔵 Entry Level: $4598.0 🟢 Take Profit: $4645.3 (2.05 R) ⛔ Stop Loss: $4574.9 Short Setup: 🔵 Entry Level: $4651.8 🟢 Take Profit: $4599.4 (1.59 R) ⛔ Stop Loss: $4684.7 Reasons: 1) A clear setup would be opening a long position at what was recently resistance, as it is likely to be turned into support. However, this is too obvious of...
S&P500 Short Setup 🔵 Entry Level: $4577.3 🟢 Take Profit: $4532.0 (1.31R) ⛔ Stop Loss: $4612.0 Reasoning: 1) We formed a double top and while the Risk-Reward-Ratio is not very favorable (just 1.3) the setup does provide for quick scalping. 2) With that being said, considering the spread on the platform you are trading (or commission) and the weekend fees (if the...