SPX500 is approaching our first resistance at 2822 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2622 (100%, 61.8% Fibonacci extension, Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a...
SPX500 is approaching our first resistance at 2676 (horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart). Stochastic (89,5,3) is...
Back in October 6th i said we were peaking in SPX and called it for a massive run down (see here) I maintain this view and i think the drop will be faster than expected, 2019 doesn't seems to be good unless market recovers superior prices.
Hi guys ! A beautiful SHS is creating since few days on SPX500. Today, we are at the end of this SHS and the price hit the same support as the 29 october where there was a good bounce from there. SPX500 is bounced from this level but we need more confirmation candle to be sure that the price won't break this suport for a big drop. Thanks for your time !
FROM MY LAST ANALYSIS OF THIS I AM EXPECTING A CONTINUATION. EXPECTED REVERSAL NOW OCCURED NOW GOING UP. ONCE REAKS BLUE LINE EXPECTING A RAPID MOVE UP. LIKE, FOLLOW AND COMMENT :)
Looking to have found a possible bottom or top depending on how you view this. SDS looks to capatilize on a bearish market. Seems a safe hedge given current S&P conditions.
FROM MY LAST ANALYSIS OF THIS I AM EXPECTING A CONTINUATION. BUT 1ST THE REVERSAL THAT WILL USHER THE BULLS BACK IN.
There is lot of predictions and discussions about S&P500, and which direction will go. H4 chart shows book example of Hammer Candle. Last green candle does not have enough momentum to move price higher. Then if you open long position you are in danger with you profit. Need to wait for strong momentum action. Let’s wait and see what will happen in the next couple...
i am expecting this to go down . there is every chance it could go back up so be carefull
This is unusual for us to analyse the S&P500 since our expertise is in the crypto space, but since the last S&P500 minor crash interfere with our bitcoin prediction, and ruined nearly two months of perfect accuracy( imgur.com ) we had to come and check how serious this really is. A another chart will be released soon of today's in the comments 16% explanation -...
We expect the price of the index to drop to 2750 usd. We expect a further rise from this level. The rise can take place in an ABC wave structure. The target price is 3035 usd.
SPX 500 is currently correcting, since we broke the top there can only be 2 possibilities for this correction - either a running flat or expanding flat depending on whether C wave breaks the A wave low or not. Short the breakout for nice short setup SPX. Expect this move to be swift very similar to one we got towards the beginning of the yr.
I keep narrowing my projection for the top of the market as more days elapse and more data comes in. I have been contrarian to the 'pundits' and still strongly believe the market will top before the end of 2018. I am right now projecting a near-term top to occur by the end of this week or beginning of next week around 2930. This will wrap up intermediate wave 3...
Hello Traders, S&P500 Elliott wave view suggests that the pullback to $2803.34 low ended red wave 2. Up from there, the rally higher to $2917.50 high ended black wave ((i)). The internals of that rally higher unfolded as impulse structure with the sub-division of 5 waves structure in it’s each leg higher i.e blue wave (i), (iii) & (v). Up from $2803.34 low, the...
SPX500 trading in a multi-days bullish channel with tops and lows. Price action is compressing near the resistance area. Chances are it continues compression a little further. Momentum is getting weaker as well so I am looking for a strong break. If you have your trading strategy watch out this market for shorts. Trade Safe!
I usually don't show what I am looking at on both sides of the trade, so I am going to start doing so in the future... Here is how I see SPX if there's a clean break above ATH and the bull run continues into the end of the year...