My thesis: The pandemic drop was 35%. The sentiment now is even more bearish. So I use that drop as a fractal to guide me where SPX may react at certain critical levels going forward. BEARISH CASE: I super-impose the pandemic top onto the recent wave b turning top at 4640. SPX fell but bounced from 3800 but was rejected by 4200 with the oversold RSI already...
Imbalance has been filled on the H1 looking for a selloff coming into NEWS Event at 1:15 EST with Biden and Powell
SPX Looking week after consumer confidence we saw a false rally... Market should re-set after liquidity grab and continue its move to the downside.
The SPX is rising to some early resistance. Remember to take your position sizes in accordance with the stage of the market move... And quite similar, your exits must be early. look for intraday/scalp gains.
Daily is a downtrend, and it has pulled back very deep. Although it has done that I still expect price to continue down overall. I think it is time for it to meet those lows again and make a new one
Looking to short the handle for a quick 50-90pts on SPX500 aiming for orderblock to the downside @ 3990.00
Politicians, Illuminatii love crisis. In fact, they are the ones creating the crisis like wars, health pandemic, ..... Financial Crisis like 2008 was one of their favourite. The sign were here: - Stock market overheated. - Real estate and housing bubble - Crypto bubble. As much as I love to see Bitcoin detach from Stock market however, all of shitcoins, NFTs...
Right now we are experiencing the early stages of a big breakdown on the SPX I say this based on the formation provided, which has even been produced on a smaller scale for observation on the SPX chart A break down like this will be disastrous, but not the end of the world The formation provides bottom points along the dot come bubble, 08 crisis and what is yet to...
Chart from last night, already tested 3860SPX, next level is low 3800 (notes on the chart)
I am continuing my bearish sentiment on SPX for now. Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
Today we're here to talk about the SPX 500 index What's on the market now: The index is trading at 40 88. And in the last trading session we saw a move to 41 00 which I mentioned earlier, here's a link to the idea. Today we are waiting: Today we are waiting for a movement to the level 41 25, but before that the market can still visit the level 39 60 ...
Hey tradomaniacs, SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off. So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy. However, previous upmoves were probably just a result...
Today we are here to talk about the SPX 500 index What's on the market now: The index is trading at 40 08. And in the last trading session, we have a flat correction. Today we wait: If yesterday's flat correction ends. And today we can expect the market to move to the level of 41 05. But if the market continues yesterday's correction, then we expect its...
Going short Spx, looking like it will take out that “support”/double bottom. Overall daily bias bullish but a good setup in my opinion. Goodluck everyone and always have good risk management!
H4 and D1 trends are down There is a harmonic pattern on M15 1st Target is 3924.02 Stop loss is above 4070.97
*Just an idea* Weekly candles on SPX chart. The indicator being used is GUPPY and we now see long-term & short-term investor EMA enter a downtrend. Candles have closed below the final support line.
Today we are here to talk about the SXP 500 index. Today: The index is trading at 3930. In the last trading session, we saw a new bottom of the market at 3858. Since there is no profit taking in the market for players, this tells me that the stop of this fall will be at the level of 3820 - 3740. What's on the market now: Globally, the index goes to the level...
Going short Spx as overall price bearish and got a shift on the lower timeframe. Possibly the high of the day has just been made, goodluck today!