In my last analyses about the SPX , I spoke about a bottom of the index. The price was in the process of breaking the resistance when I created that post.
De deciding factor was whether we could create new support out of old resistance, which is happening right now.
First, the lower part of the zone was touched and made the price bounce. Now, we're witnissing...
The overall daily trend is bearish.
Price has taken the liquidity which confirms the LL and price can take Engineering Liquidity in the coming days to tab on the extreme point of interest and can bounce back towards a Lower Low.
Pair : SPX500 Index
Description :
Break of Structure
Rising Wedge as an Corrective Pattern in STF and LTF with the Breakout of LTL and Retracement
Divergence
Impulse Correction Impulse
Bullish Channel
Consolidation
Completed " ABC " Corrective Wave
This analysis isn't going to be very exciting. I just wanted to share that I think it is likely the SPX has found a bottom.
We're still below resistance, but this is likely going to change soon, especially with the 3rd retest of the zone.
I'm bullish on the stock market.
hi traders!
In September this year we have published a trading idea where we identified the Rising Broadening Wedge on SPX chart, which is a bearish pattern and we predicted more downside to come:
In November we looked at the chart from a different angle and we published the idea where SPX continues the downtrend as it's getting rejected from the downsloping...
Hi everybody!
Sometimes it could be useful to look back a bit to have clear in mind where we are and where we want to go. This chart shows the trend of S&P500 since 1800'. Great Depression, Oil Crisis, Tango Bonds,... have always been great opportunities for the market. That said, the market is mainly made up of "emotions" that trigger certain movements, so...
I have monitored the options chain of SPY in the past 2 months and I noticed some big Puts positions that are recurring, regardless of the price:
2023-3-17 expiration date
$386 strike price
($2.53 premium now)
I don`t know that it has something to to with the higher than expected inflation, continuation of the interest rate hikes, the P/E ratio of 21.80 for SPX...
Ten days ago, I wrote about a correction of the SPX back the red support zone. Now the time has come to talk about what could happen next.
The correction didn't happen in the beautiful fashion i had forseen, but this still works. What i expected was a clear zigzag formation within this falling channel, but we broke the support trendline and reached the first real...
It looks like the SPX has topped out temporarily. This woudn't be too farfetched as the previous couple uptrends lasted for 34, 36, 21, 23, 40, and 33 days. Right now, we're looking at a top which has been formed after 28 days.
From the looks of it, its trying to form a falling channel. The properties of this pattern are:
- Declining parralel support and...
US500 - Intraday - We look to Sell at 4091 (stop at 4127)
Price action has posted a bearish Outside Day and is negative for short-term sentiment.
An overnight negative theme in Equities has led to a lower open this morning.
Bespoke support is located at 3997.
Previous support, now becomes resistance at 4091.
Bespoke resistance is located at 4091.
Our profit...
You could easily say from basic and simple TA techniques that the entire month of February. We have been in a downward trend and that we are still fighting with the top R lines of this trend as we speak. If only looking out/zooming out far enough to see this on the monthly bc you are so tied into the daily and even hourly leveraged trades, then there is high...
Pair : SPX500 Index
Description :
Bearish Channel in Short Term as an Corrective Pattern
Exp FIAT
Buying Divergence
Bullish Channel in Long Time Frame as a Corrective Pattern and Rejecting Previous Resistance Level
If it breaks the Resistance Level and Retest then Buy
Break of Structure
In its decreasing movement after breaking the trend line, it has created a very harmonic and beautiful trend with a greater slope than the higher time.
Currently, in dealing with a resistance level from the previous movements in the range of 4136.85, three ranges are expected before the range of 3898.11 in the areas:
1-4045.50
2-3996.74
3-3935.98
touch There is no...
Beyond Meat will be huge in the coming years IMO as the transition from us humans eating meat as our primary source of protien will ultimatly be made harder and most likly very expensive (check W H O there plenty of documents on agenda 2030 to go with what im saying)
Alternatives/subtritutes to actual meat should see the growth as it becomes the norm, weve...
looking for 3,830 to catch the move down, appears to be 2 leading diagonals in place as Wave A & C should at least test the 50% of the zig zag starting point wave A which is where the 5th wave diagonal should end.
The chart is self explanatory.
We expect a buyable low in near future for another push-up into Mar high.
The most dangerous time window for this year is May-July
Pair : SPX500
Description :
Completed the Breakout of the Upper Trend Line of Bearish Channel as a Corrective Pattern in Long Term
Divergence
S / R Level
Elliot Waves - Completed " 12345 " Impulsive Wave and " A " / " xyz " Corrective Wave
