Hi Traders,
S&P500 Has a similar structure to the Nasdaq and the Dow Jones, Right now I see a few points of interest where I may take a short position. I would like to see Price reach 3895 where I would look for potential sells seeing that price has made a lower high at 3950. Keep in mind that Price is yet to make a lower low and if we do reach our point of entry...
US500, high chance that correction continues until it reaches at the median line, previous swing high and strong resistance.
Once price has reached the level, we will have a nice opportunity to open a short pos.
Weekly TF is trying to turn bullish and make the C wave bottom of the minor 4th wave and could be starting the 5th wave to the fib extension target 5430 and probably over shoot.
Guidelines state the equal extension of 1 is the most common wave C; however, given the current economic environment, a 1.618 extension of wave A may be plausible target.
Given the swift breakdown seen yesterday, it is also plausible that we have commenced wave 3 of the greater wave C down, therefore opening up the possibility of the scenario shown.
1.618...
good evening peoples ^^
the reaction we saw from my target today was not what i was looking for; pretty weak in my opinion.
might see continuation to the upside into friday, followed by a flush out post july 4th.
👇
if the range high is breached, es can potentially expand higher to anywhere between 4000~4070
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3550~3500 is my downside target if it drops next week.
Technically, we are repeating the same movement as in 2008. Breakout the trend line - test - and continuation of the fall.
Fundamentally - the war in the center of Europe. The potential risks of aggravation of the situation and involvement of other countries. The probable default of many countries and sanctions that hit on both sides. Rising prices for oil and...
Watching the close here.
Its really must close above yesterday's lows, above 3801SPX for tomorrow to continue this move.
Failing closing above 3800 wont be good going into EOW tomorrow, below 3780 will be bearish for tomorrow's open imo
Must save the day with EOD squeeze. Closing above 3825 will be perfect for tomorrow's continuation
To see the original post I'm referring to, please click on the image below:
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While the S&P500; hasn't been so friendly to us in the time that's passed since the post above, and while prices have certainly fallen further, I continue to find evidence that this market could be finding a bottom.
Last time, I mentioned that the momentum indicator, RSI (which...
Consider this post somewhat of a cautionary tale, one for the archives which will be re-opened once upon a time by any of those who seek.
This is a twelve year tale about a market which some would call out of control. Though, it has been structurally in tact and very algorithmic beyond my current ability to put into words.
Every single piece of data which has...
Hello,Friends!
SPX500USD is bearish right now and I think that market conditions
Are right for the move down
Therefore, I think it is sensible to go short!
Like and subscribe and comment my ideas if you enjoy them!
If you haven`t sold SPX at the resistance:
then you should know that the S&P index has a P/E one year estimate of only 16.10, which is quite low.
For now i expect a technical rebound here.
My price target is $3750.
Looking forward to read your opinion about it.
Today we are here to talk about the SPX 500 index
What's on the market now:
The index is trading at 3818. In the previous trading session, we saw price stabilization. However, in my opinion, although the correction actually took place from the last local maximum, the correction has not yet reached its local bottom in the region of 3780 - 3750.
Today we are...
So far so good from my yesterday's update. We should test 3760SPX (already did on the ES), with an ideal stretch to 3735 in am.
3725-35 is a must hold for today imo, otherwise it opens a door to 3662SPX, which I'm not in favor to test just yet.
Looking to exit remaining short at 3755ES from yesterday's close and start layering in with longs for a potential...
good evening folks,
es is looking quite interesting down here.
i'm seeing some signs of life.
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could potentially see follow-through to the upside in the week ahead.
it's actually less probable than the bear case, but i've a good feeling about it.
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a break below the local golden zone can open a door to a deeper drop to $3400~$3550.
In my previous analysis regarding SP500, I said that I expect a drop under the 4k figure and things are getting closer and closer to that moment.
Looking at the price action for the past 4 months, we can see that after a very bad start of the year, stocks have tried to recover, but sellers capped gains in the 4.5-4.6k zone.
A new attempt of recovery started in...
ES1! SPX500USD 2022 JUNE 27 Week
Last week Scenario1 3642 + Historical Demand returned to support market.
Volume analysis expressed caution as price advanced on low volume, which
may be a long trap. Wait for price reaction to the
possible test levels and channel resistance
Possible Scenarios are considered:
1) Test of 4071-4204 = wait for price reaction
2)...
good afternoon,
quick little update on es.
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spx500 appears to be in what we call a double zig-zag in elliott wave theory - same as nasdaq and bitcoin.
i'm looking for a push up in the local area to around 4000,
followed by the finishing move which takes us down to 3444.
triple confluence at 3444 💰
that low could mark a significant bottom in the markets,
or...
