S&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%. Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage. From a big picture point of view, S&P 500 continues to consolidate in the range between...
IF Intermediate wave 2 finally ended, this will serve as the current preliminary analysis for tracking Intermediate wave 3 down. Confirmation of Intermediate wave 2 ending will take at least 3 more days, so this analysis is subject to change. Based on the most specific historical models that are relationally relevant to an Intermediate wave 3, the quartile...
Pair : SPX500 Index Description : Bullish Channel in Long Time Frame and Rejecting from the Upper Trend Line Completing its " 3rd " Impulsive Wave. We have Break of Structure and Making its Retracement in Corrective Waves " ABC " . Possible Rejection from Fibonacci Level 61.80% or Previous Resistance
Will SPX be sacrificed? will investors & the US government take the dollar out of the S&P 4 BTC ? will this liquidity flow into Bitcoin? i think so
SPX Daily Price Chart After the recent bounce of the level of resistance (Red Box) the SPX snapped it's first small level of resistance (Teal Dotted) and has continued lower. Price has also closed below the 50-day EMA while the 12-day and 26-day have recently crossed and the 50-day flattens out. The next level of support (First Green Box) should come into...
I posted this chart few weeks ago as a follow up to my short to show the few paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea. The only difference is that this happened...
I posted this chart few weeks ago as a follwup to my short to show few possible paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a possible break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea. The only difference is that ,...
I share this idea on the date of 12th August 2023 (A Weekend) Level: Experienced Options Trader SP:SPX - Bearish until $4440 Existing Delta Prints: Buying @ $4440 - $477.961m Delta Below $4400 the Delta is low & Bearish with low volume. Stochastic RSI on 30min showing short term decline. Trade Idea: Long at $4400 with tight SL. Below this and SPX has 400...
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!
SPX500 was going down And the indice broke the Support level of 4527.00 Which is now a resistance And I think the price Will go further down !
Two red lines can be considered as a resistance range. If there is a correction, it should be checked again.
the two major points are marked for short as yellow lines for SPX big reversal , i expect a major pullback from all of this area for SPX here
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
SPx if it is the next 4 hours 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 timeframe: 4H and 1H
Started building a swing position with puts and margin. Will be actively managing it. Looking for approx 20% drop from here. Markets euphoric, greed, AI mania. FED clearly signaling more hikes. Markets digesting news on a big resistance level. Trend reversal imminent. Will look to scale out on a few daily consecutive closes above red box. Enjoy.
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
If SPX sweeps highs on a monthly perspective, could confirm indices shorting. Targeting Weekly Imbalance