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...
1/9 Risk reward setup entry : 4063.9 stop loss : 4057.7 take profit : 4120 follow and subcribe if you like my ideas hope you having a good trading
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
This just lines up so perfect for me. A measured move from the March 2020 lows would be 6100 in July 22nd ish 2024. That would line up with the tops from 1929 and 2001, oh man. At that point I'm selling it all and running for the hills cuz it could get REAL nasty.
The SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction. The stability of support levels at 4000 and 3990...
Broke the trend line, signaling that bearish trend is over. SPX will retest rising trendline this month, I guess.
SPX500 hrly long buystop @ 4051 TP #1 @ 4063.09 79.35% wr TP #2 @ 4081.57 58.70% wr SL @ swing low 3995.72 16.85% hr WR and HR % Determined by past trades on this pair in this time frame. More systematic trades like this are on my profile.
Only a week and we are here! Its Friday, don't give your money back today! If green take it and enjoy your day! Have a good weekend