SPx New forecast The index price fell in yesterday's trading and failed to resume the upward attack, forcing it to form a bearish corrective bounce, thus testing the initial support stable at 4353. Therefore the downtrend scenario will be more likely during coming period and targeting 4321 and extend 4300, taking into account that stabilized above 4370 will...
SPx New forecast In yesterday's trading, the index price touched the 4395 level and then repeated the sideways fluctuation, while the general stability is above the support level extending towards 4370, this calls us to adhere to the bullish bias, which may soon target the 44270 and 4445 levels. Therefore the uptrend scenario will be remain valid and effective...
Pair : SPX500 Index Description : Exp FIAT as an Corrective Pattern in Short Time Frame and Rejection from the Lower Trend Line after it has Completed " abcde " Corrective Waves. Impulsive Wave " 1234 " Completed at Fibonacci Level - 50.00% Entry Precaution : Wait until it Breaks or Rejects UTL
SPx New forecast The price of the index rose yesterday and some positive trading appeared to stabilize above the level of 4353, trying to confirm the positive continuity and reaching 4395, which in turn currently constitutes a new resistance and stability above it will facilitate the task for the price to reach 4427 and 4445. Therefore the uptrend scenario...
SPx New forecast Despite the weak trading of the index price yesterday and its repeated stability near 4353, this will not affect the main upward path, so we will maintain our bullish bias, but before that the price will try to form a downward correction, and after that it will rise. Therefore the price will try to formed the negative correction and to confirm...
SPx New forecast The price perfectly fulfills my last idea and price reached to our target +150 pip . The index price rose last week and reached to our targets and confirmed its move towards the upward path by rushing above the 4321 level. We expect the price to resume the upward attack, waiting for stability above the 4370 level to confirm the continuation...
SPx New forecast The price of the index rose in yesterday’s trading with strong positive pressure as a result of its repeated stability above the support represented by the level of 4205. We notice the formation of an upward impulse, thus compensating for some of the losses achieved recently, to exceed the stable barrier near 4230. Therefore the upward trend...
SPX is now at a key level of prior resistance. Will it be as simple as prior resistance turns into support for SPX? This is definitely an area to watch.
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 ...
Hello traders,The price currently needs new negative momentum to enable it to resume the negative attack to soon target the 4183 level, and then let us wait for it to attack the 50% Fibonacci retracement level positioned near 4138. Pivot Price: 4215 Resistance prices: 4265 & 4302 & 4346 Support prices: 4183 & 4138 & 4098 The expected general trend for today:...
We swept 4h swing high, while touching a daily fvg (internal-> external), meaning our bias is bearish. Above swing high (4h) we look for shorts
Yesterday we observed a good rejection off of daily zone from SPX. now we wait for it to pull back to the daily zones coinciding with 8 EMA and the time base low AVWAP (red) and reject it. inside value day today, so if it breaks PD VAH, there can be long opportunities but not interested in that today.. rest of the technical details are in the chart.
i see spx500 coming for the BSL we have resting above, we have currently just took SSL and i expect price to make a nice quick move to the upside if not quick then i expect price to make a slow retracement to the top and then i expect price to fall off further to the downside
Using Elliot Wave (projection) and fibs I show where I believe the SPX will go between now and Thanksgiving (4600). As long as we don't go below the two circled red highs the current Elliot wave will remain intact. If we drop below either of those values the Elliot wave will be invalid and the market could really drop. I don't foresee that at all but something to...
Pair : SPX500 Index Description : Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction. Entry Precautions : Wait until it Complete its Retest and Rejects
Hello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a...
Hello traders as you can see in my analysis it seems like spx500 has changed from an uptrend to a down trend forming a head and shoulder a classic bearish reversal pattern . i believe the price is being influenced by the dollar monetary policy and the situation in Palestine so watch out for that . but technically speaking , the price is coming down. please...
In my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance...