Hello traders, S&P 500 in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count of this index, we are in wave 5 or one of the microwaves of wave 3, and we examined this wave or microwave.
This wave completes its main waves 1, 2 and 3 and is now inside wave 4.
We...
This chart looks like a giant rising wedge pattern.
This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex, suggesting a reversal pattern frequently seen in bear markets.
Looking forward to read your opinion about it.
Following weekly chart.
There was a big cup & handle formation that takes 16 years. After breakout in the beginning of 2017, target was 3350 and.
After hitting the target, covid broke out!
Actually it was a big corection of this 4 years trend.
Then, a new cup & handle formation formed and it broke the resistance at January 2021.
Target is 5000 and we're...
SPX500 Short Setup
🔵 Entry Level: $4714.3
🟢 Take Profit: $4632.6 (2.61R)
⛔ Stop Loss: $4745.6
Reasoning:
1) Resistance level
2) Expecting divergence in the RSI Candles indicator
3) Yet to test the lower trendline of the ascending channel
Hello, everyone!
The largest risk is incoming for all markets – traditional, crypto and other. The euphoria on SPX is going to the end. I analyzed the weekly timeframe and found the strongest price reversal signal. We can see that the divergence with the MACD histogram began to form for a long time, but now the MACD almost flashed the signal to reverse: the...
The s&p500 is still looking very frothy today as we still see weak sentiment with no bids above 4660.0 after euro session close i see a deeper sell off into yesterdays low for as long as we don't break 4660 and hold above that price.
based on the chart and my fundamental analysis, the s&P 500 won't have a good year in 2022 and it's gonna be mostly falling. I think the falling will start with the technology sector and continue to others. I will post my fundamental review soon so follow me to get notified.
Expect we will reach lower from the ATH - First step could be 3,70 % the cumming week. But stay safe, we´re running the Q3
Could be a db top or IHS
What do you think?
S&P500 Short Setup
🔵 Entry Level: $4577.3
🟢 Take Profit: $4532.0 (1.31R)
⛔ Stop Loss: $4612.0
Reasoning:
1) We formed a double top and while the Risk-Reward-Ratio is not very favorable (just 1.3) the setup does provide for quick scalping.
2) With that being said, considering the spread on the platform you are trading (or commission) and the weekend fees (if the...
What a year for SPX, this was by far the most incredible bull run I have witnessed.
The bull run can continue however I would like to see a correction in the price for discounts to buy.
Now that the majority of sellers have been taken out of the market, it could be time to start seeing those retracements in price as illustrated.
What is your view? Don't forget...
Hello friends! It's been a while. Many apologies for that. Life has been busy so I haven't been able to dedicate much time to T.A on TradingView.
I have recently pulled out of Crypto, just waiting to see if Bitcoin decides to break-through or crash. Patience is key here - keep cash handy. You want to be sure of your investments (easier said than done in these...
After calling the dip of SP500 here:
Now SPX just hit a strong all time high resistance that can turn into a double top from which we can expect a pullback to 4430usd.
Let`s not forget also that one of the FAANGs just lost 42.5Bil in post market because of a rival platform, TRUTH social, owned by former president Donald Trump.
And who knows how much they will...
S&P500 Short Setup
🔵 Entry Level: $4539.1
🟢 Take Profit: $4482.8 (2.16)
⛔ Stop Loss: $4565.2
Reasons:
- I'm expecting a test on the $4522, flipping resistance into support
- Then potentially a double top can form at the entry level, which would open an opportunity for a short
SPX500 Short Setup
🔵 Entry Level: $4486.0
🟢 Take Profit: $4426.9 (1.28R)
⛔ Stop Loss: $4532.1
Reasons:
- Reaching resistance level at $4485
- Expecting either divergence or highly overbought level on the PVS Indicator by the time price reaches that level.
Game plan: If the price flips this resistance into support (tests it), I may close the trade prematurely...
Wave ''A'' completed as 3 wave as ZIGZAG subsequently, Wave ''B'' completed as FLAT.
Wave''c1'' corrected above 38,2%of Wave'A' (minimum requirement of wave 'c') and wave c2 is yet to finish by 15th OCT
If it halts at either4407 (61.8% of c1) or 4431(100%of c1) as per NEO wave logic we can expect c3 will unfold .
Hence short positions can be taken below 4327
A break below the 4250 level would be very bad!
SPX broke below the long term support line on Sept 16 and after retracing and getting rejected by the same trendline on Sept 24, now forming a H&S pattern.
Hey tradomaniacs,
welcome to another free trading-setup. After a successfull LONG I`m planning to short this baby for a pullback or to follow the current trend!
SPX500: Daytrade-Preparation
Market-Sell: 4308.28
Stop-Loss: 4328.00
Point of Risk-Reduction: 4289.35
Take-Profit: 4233.00
Stop-Loss: 190 pips (19 points)
Risk: 0,5%...
