According to the World Famous trader W.D. Gann, the ideal advancing angle in an uptrend is 45 Degrees. In other words, 45 Deg. is a perfect balance between supply and demand. However, even in the Dotcom Bubble, the trend angle was less steep than the current trend. This indicates a much more downward potential than the 2000s burst. Stay Safe!
Back to 4600 Depending on data Tomorrow CPI and PPI Be Patient Do not Over Leverage Do not add to Losers
SPY has made a recent LH into LL WE WILL retrace momentum of imbalances caused by this LL i expect LH with a HL on 1-4 hour time frames in the next 48 hours
SPx stabilizing above 4389 will support rising to touch 4419 then 4448 then 4475 stabilizing under 4389 will support falling to touch 4346 then 4319 Pivot Price: 4389 Resistance prices: 4419 & 4448 & 4475 Support prices: 4346 & 4319 & 4289 tendency: is bearish timeframe: 4H and 1H
US500 - 24h expiry A Doji style candle has been posted from the base. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although...
This idea is base on previous high. We might see a short squeeze below before it goes up to our target at 445$ This is not a financial advice, follow for more
Pair : SPX500 Index Description : Rising Wedge as an Correction in Long Time Frame Consolidation Phase S / R Level Bullish Channel Break of Structure RSI - Divergence
Tech has been on a tare, proceeded by a rip. QQQ has gone up further than I anticipated but the market is finally showing serious signs of exhaustion. The outrageous valuations and proclamations of a new bull market are sure fire signs of the' end of the road. It has touched the .618 fib level and depending on how you are looking at it, even surpassed it by a...
As long 4230 holds or reclaimed, 4380 / 4395 in play Approaching key resistance around 4315-4328 (Swing high from Aug) Read more details on the chart.
There is so much fear in the market right now, in the past I presented a few bullish analysis showing that we may have bottomed and a bullish megaphone pattern. In this idea, I am presenting data that goes back all the way to 1964 which tells us that the trend is up. looking at the 6month chart we can see that from 1964-1974 we had a side ways action (lost...
AMEX:SPY inverse head & shoulders pattern still intact. Target is around 425 Support is the green line.
US500 - Intraday - We look to Buy at 4155 (stop at 4135) Levels close to the 50% pullback level of 4170 found buyers. A Fibonacci confluence area is located at 4164. Bespoke support is located at 4150. There is scope for mild selling at the open but losses should be limited. Although the anticipated move higher is corrective, it does offer ample risk/reward...
Hello, everyone. My previous idea a week ago had a bearish outlook on SPX. However things have changed, as we now have a clearly defined outbreak in the RSI. The target range now is 4400-4500. Depending on how the market opens on Tuesday. I may open long position. Good luck everyone. Stay safe, stay liquid.
Price broke back above a level where we previously had bullish momentum to the upside (bullish indication). I am looking for price to retest the previous market highs with this next up move.
Pair : S & P 500 Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line Break of Structure Completed " 1234 " Impulsive / " AB " Corrective Wave Divergence Impulse Correction Impulse Rising Wedge as an Corrective Pattern in Short Time Frame
Looking for SPX to make its next extension to -23.6% Fib and beyond... I think we easily see 4200 in this market...
US500 - Intraday - We look to Buy at 4096 (stop at 4066) Posted a Bullish Outside candle on the Daily chart. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 4153. The bias remains mildly bullish but there is scope for a move in either direction at the open. Trading within a Bullish Channel...