Quick update here. It seems it want to see high 39xx after all. Really has to close above 3918SPX today to confirm higher numbers ahead. 3930 is the absolute must hold for this to be over. Looks like a 5 up here, very clear on the NQ (needs 12225-35) and the ES. Will be watching the close to either enter with longs or short for tomorrow. Next levels, if closed...
Looking at Short-Term Selloff from Peak Formation High Will be holding to 61.8% FIB Retracement then will be looking at potential Longs from there...
Trading between 25% and 50% FIBS MAY complete last wave to 3900 – then Reverse Potential Triple Top -Strong Resistance Divergence On the Oscillators SP500 and US100 also has a similar flag - Hopefully TSLA MSFT GOOGLE APPLE AMZN eps will tank this market as all reporting in the next 14 days - and 7-21- Europe drops 10% if the Russian gas does not get turned...
Today opened high, then pull back to fill the gap. Expecting another open high, then pull back for pivot Builidng. Wednesday or Thursday till Friday for a leaving spike towards $4150
In this post, I will attempt to analyze where the market currently stands, and present both a strong bull case and a strong bear case. Bull case: First, the chart: The chart above shows the S&P 500 ETF (SPY) on a 4h timeframe. The yellow and orange lines are exponential moving averages that represent the MA Exp Ribbon. As noted in a prior post, the MA Exp Ribbon...
All relief rallies are what they are...relief rallies. Investors are absolutely exhausted and looking to take profits whenever possible. Looking for a bottom in the 2900 - 3400 range in Q4/Q1 2022/2023 with chop into 2024
I didnt have much time for a research this weekend, it's our family trip we are on and I have no time to trade at all. As promised, do a quick weekend update, will do a broader one for those who are on my email list (if I find time later today) Next week most important resistance is 3918-20SPX on a daily closing level and 4090SPX on weekly closing. 4090 is the...
Breakout attempts can happen without any triggers but when a trigger appears and coincides with market bottom, then there is an agreement and slight trading conviction that may be worth considering into the last half of the year. There is a daily wolfe wave setup that triggered on June 21 closing day at 3767.75. The projected target is calculated by extending a...
S&P 500 short targets from distribution $3250-$3450 area
Just got time to do an update. Very important to close above 3820 today, otherwise we will be on the way to my 3730-60 zone, 3750 will become the next target. If we close below 3820 today, I will short any rip and do some lotto puts. On the other hand closing above 3820 will get me long for tomorrow Broke 3820 already, could be an ugly close
The S&P 500 is settling into a bear market that could push the index down as far as 3,000 in a worst-case scenario. this scenario is estimated to happen by mid 2024. Best regards.
SPX can retrace a bit tomorrow, 3810-30 should hold. Looking for a rally up to 3960-90 zone from there. C&H possibility is still alive!
On the back of good employment figures from last week, price action shows a likely leg down for the S&P500 as we end the bearish run in the near term. The lows of 3866 from Friday July 8 might be tagged early this week of July 10. If we see a liquidity hunt there and subsequent rally, look for the highs at 3949 to be taken. My idea is that this will lack...
Hi Traders, S&P500 (SPX500) Double Top And Orderblock Entry is the trade of the day. Price has created two tests at 39835 and then fell from there, This has resulted in a Double top formation. Price has come back to retest the broken neckline of the current double top. I have taken this entry as we have a few confluences coming into play which are the...
Its a very deep C&H but still can be valid. NQ and ES have a better looking formation. All we need here is to get above 3955SPX and then we are off the races. Its a long way up, resistance levels are: - 3913-15 - 3965-82 - 4075
Hey tradomanics, looks like last bullish move after the fed-protocoll (Seriously... so bearish )... looks very suspicious especially in the market-depth showing absoprtion in form of a lot of iceberg-orders at the resistance. I will give it a shot and go short from here on. What do you think?
3838-40 is the dividing line for today, failing closing above it will get us down to test new lows. The markets are weak with not being able to close the highs for several days, a warning sign
Looking for price to continue down as daily is bearish