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...
Just posting this so I can refer back to it later. These are the extension targets for SPX based on the future price target projections pulled from the January 26th peak. The index broke out the descending triangle so at the point of the breakout I have the High to Low measurement in yellow, and the High Close to Low Close measurement in bright blue (with the...
SPX500 have reached to its prior highs and a successful attempt to break highs have just been made, but i am wary of the market to reverse from here since momentum indicators supporting my view. I am looking to short this market, if you have your trading strategy, better go for short setups. Trade Safe!
This study uses Spectro™ M Hey guys, Specter here, and this is a nice and controversial topic that I'll enjoy spending my time writing such a big public report. Plus, I love seeing some conflict in the comment area. The first premise; basically, I only trade in general using my Spectro™ M indicator and I like to keep things as simple as possible, so we have...
Sure the "Flat" model and Bull's "Cumulation Balance" on ES is over. Near month, Bulls can retest & breakthrough the historical peak 2884.50 I decisively, take a long position for 2900.00; "Short term target": 2900.00 - 3000.00. "Middle term targets": 3200.00 - 3300.00; "Long term targets": 3400.00 - 3500.00. Subscribe! Join me! «« «« «« «« «« Hold...
S&P500 fell sharply earlier this year, still this market is under correction until it breaks the top. But for now price action is stalling around the top of the multi-days channel, i am expecting a drop to at least test the $2,674 area. Look for sell setups if you have your trading strategy. Happy Trading.
S & P has sustained at 2695 levels for more than 8 days. It is sign that accumulation of volume is happening.
Hello Traders, In this Elliott Wave analysis, we will have a look at the SPX Index. SPX short-term suggests that the rally from 4/02/2018 low to $2792.25 ended the blue wave (1). Down from there, correction against that cycle remains in progress in 3, 7 or 11 swing structure. Also, it’s important to note here that the decline from $2792.25 peak shows an...
My previous call on S&P500 longs around 2692 almost have met the target of 2800, not yet hit that level but almost reached it. We may see it may test that and roll all the way back. For now- it seems like it is likely to complete the correction and i am expecting a big move to be setting up to test the lows over the coming weeks or so. So i should be looking for...
Patterns are of course open to interpretation, it's an individual thing. When combined with price action and some basic tools. You may find multiple aspects of confluence. There are many here, the underlying tone at this time is bearish. News may change the outcome temporarily.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hello Traders, In this short-term analysis, we will have a look at the SPX 0.45% in the 1 hour Elliott Wave chart. At this moment in time, the near-term cycle from 4/02/18 low (2555) remains in progress as a 5 waves leading diagonal . Up from 2555 low, it has ended red wave 1 at 04/18/18 peak (2717.67). From that top, it has ended red wave 2 correction at...
Fibonacci tells me it would go at least 38% retracement range of 2685.. I think a short trade placed at 2710 with stop loss at 2715 and profit target of 2685 would yield more than 1:4 risk to reward trade.. Disclaimer: this is no recommendation for any trade. I am using it to track my paper trade prediction performance
My previous post for the SPX (S&P 500) can be found here: A possible Elliott wave contracting triangle was discussed in the post to capture price action from January 29, 2018 to April 25 when the analysis was initially provided. SPX (S&P 500) currently is sitting just above B-D trendline for the contracting triangle. The relative strength index (RSI) is also...
Price action for the S&P 500 from January 29, 2018 till present date has been captured in this analysis using a contracting triangle Elliott wave structure. The implication of this structure for the S&P 500 is that price should resume its bullish trend once a breakout occurs out of the triangle. Breakout point as used in this analysis is ~ $2718.51 The post...