Didnt see this yesterday, this makes today's rejection off the top a possible indicator of the price going down to test low 3900 Careful if long!
Nothing much to add since yesterday's updates. Im looking up for a breakdown trendline test. If its very bearish, then it can just get to 3965-70SPX and stop there. That would mean much lower levels are coming this month! Ideal pathway is to test 4k level and reverse down. That would be your shorting opportunity The whole move off CPI will be erased next! If...
Fed Pivot Hope Turned Into a Bull Trap; Approaching Support In our trading plans published post-NFP on Fri., 12/02, we wrote: "After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an...
Quick look at the S&P500 SPY Technical is working great on this one. We are clearly in a rising wedge, unclosed gap, and RSI divergence. Many things are working against us. Chart: - Rising Wedge, will break into down side on a 1H - Unclosed gap at $380 - RSI divergence and shows bearish trend. Will we test $380?
SPXS heading for a breakout with 6hr bull cross on cloud
S&P 500 reverses from 200 MA for the third time. Bear market continues..🧸 $SPX $SPY
Fed Pivot Hope Turning Into a Bull Trap Nightmare? Day 3 In our trading plans published post-NFP on Fri., 12/02, we wrote: "After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an...
Looking for the benchmark index to go up a little more in to the 4hr poi and daily descending trendline resistance before dropping to make new lows. Mid to end of November should mark the start of a new and more aggressive downwards movement where we could see price reach the 2750 level. This is a very important level as it represents the 50% from ATHs and the...
Many investors are already assuming a breakout from the upper trend line and thus a continuation of the uptrend. The economic sentiment is still bearish, many companies now have to bear the high capital and energy costs and many companies are still highly overvalued. Therefore, today we would like to introduce you to a bearish scenario that is likely to occur,...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Super BUllish 2 📆Monthly: after a deep correction now, the impulsive move is just started 3 📅Weekly: bear trend/beartrap double bottom/ make lower high 4 🕛Daily: the clear bull trend toward extreme high 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bullish 6: 2 Pattern...
Rising Wedge, nearing 0.786 fib, major resistance nearby, low momentum above the 200 DMA and upcoming economic reports are all reasons i've been building up a short here on the S&P. Swing trading with a final target at 3400 over a several month timeframe, and a SL at 4160.
Fed Pivot Hope Turning Into a Bull Trap Nightmare? After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an "irrational exuberance", and the futures' reaction so far post-NFP points to...
Since the spike low at 3500 on 13 Oct, SP500 had a pretty good run and has risen around 15%. However, fundamentally we are not out of the woods yet, not by far, and also technically there are big warnings on our chart. First, the rise is clearly corrective in nature and is unfolding in a rising wedge, more often than not, this leads to reversal and resumption of...
Hey tradomaniacs, SPX500 just pumped up towards a major resistance-area where a lot of bearish confluence is possible. Generally I must say that the recent pump caused by Jerome Powell seems to be SUS as his entire speech was pretty hawkish. I also think he doesnt really want stocks to move up as it would not ease financial conditions and boost inflation....
The market has been rallying for about a weak now but less and less buyer's are committing to their positions as volumes drop when premium prices are advertised. 4031.6 is the last line of defense as liquidity is available 4042.6
📈Trade Idea📉 🟡 #S&P500 Index 4H ✍️We can have two trading scenarios for this index. Considering that S&P is in the Equilibrium range, it can move as a continuation movement (CP) to the supply ranges in the chart (Premium), of course, with the condition of penetrating and closing a four-hour high candlestick (PDH-PWH). In this case, consider two scenarios for...
37 minutes ago Comment: SEE FUTURES MAKING THIS MORE CLEAR = Interesting how FIB lines stay constant no matter what start or ending point you use 1. The Fib from Jan 4th high calls this the .382 Resistance line 2. The Fib from Aug 16th high calls this the .618 Resistance line 3. They BOTH LAND on the 4000 cash - 4030 on the FUTURES Note the declining volume the...
the 200 day ema has called all 2022 TOPDS - now again In general, the 50- and 200-day EMAs are used as indicators for long-term trends. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred. Traders who employ technical analysis find moving averages very useful and insightful when applied correctly. ****** ...