I have been following the implus from the march lows and I know that i have been calling for a short since 2900ish, but this has been a pretty extreme impulse that has pushed the ABC correction to the max. As I have mentioned before the B wave can exceed up to 1.318% of the drop of wave A, which means that this will stall if it approaches roughly 3330. I think...
All analysis according to the 15M Chart
Oversold early and it's losing strength according to the RSI. The pre market resistance turned support level is now at the 618 fib level. It makes sense to short at this moment of the day.
Add a MACD and it the momentum is coming to the 0 level after crosing for updward momentum to downward momentum to 0. Seems like it...
Retail activity and strength is starting to transition towards excitement and complacency, when this happens Equities should be sold with confidence for a retest of the March lows.
📍 Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the...
If you take the 495 stock of the S&P and adjust it for the USD recent devaluation...
We're stuck below a 0.618 retracement, under the moving averages and below what seems to be a declining trend line
So we basically have 5 companies are supporting the rally... with 4 of them being investigated by the congress...
I wouldn't even try to look at it in gold or EUR...
Forming Rising Wedge Pattern in 8h TF Chart. (Expecting One MORE Higher High Before Crash)
If Wedge Broken Downside, target Would be Major Support Area (2980)
Wait for Reversal & Wedge Downside Breakout..!!
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A highly interesting move, the necessary preparation for the counter swing. Sellers are aiming to complete the ABC sequence and ideally sweep the lows into 2020 Elections. The main feature of interest to us is the role played by the latest protests and virus cases ticking higher. A "second wave" will act as another strong post / blockader between consumer...
Everything on 3day continues to shoot green across the board on the spx500 with nice size candle.
Since recovery we have only had one major potential transition (green arrow)
All indicators have nonstop continued to go green.
The only resistance is the previous high before the crash, will we make new highs or set up for a massive selloff...
This will get fun.
Channel still holds, nor consolidating near resistance level. Also formed a small falling channel. So far technicals show continuation higher. Wait for the impulsive break of the level to buy.
Please support the idea and share your thoughts on S&P500!
Good Luck and Stay Healthy!
💥💥The S&P 500 looks like it could be looking at a little downside as the market figures out what it thinks of the very impactful FED speech.
Do we rally here as the market focuses on stimulus and low interest rates for years to come? Or, does the market panic a little over the unemployment rate. Both moves are valid, but we think whatever panicking being done is...
Choppy trading in SP500 continues. All declines were bought back quickly last week. It seems to be positive. However… Advance Decline Line doesn’t support this. It is negative in a short-term perspective. Based on cycle studies we can expect to get buy signal around 10 – 15 August. Till that time we will likely see more choppiness with a bias to the downside. I...
DROP YOUR THOUGHTS AND IDEAS LETS DISCUSS
THE BIG SHORT ROUND 2
THE BIG SHORT OPPORTUNITY
BEFORE COVID WAVE 2 HITS MARKET
A BREAK OUT WILL PREVENT MARKETS FROM HAVING A WAVE 2 AND GETTING OUT OF THIS
BREAK OUT TO NEW ALL TIMES HIGHS
TO SAVE US ECONOMY
Please do your due diligence, this is just my opinion:
Still long for now and still expecting new all time high. I expect the NDX to slowly continue its downtrend while the rest of the market catches up. I did reduce my year end target from 4k though.
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To win the next election of President Trump. need to see new highs before November 3rd.
And he will do anything for it.
In fact, he has already done everything for this.
The Fed included the printing press without restrictions. The interest rate is 0. And all this money will not go to the real economy. Most of the money will go to financial markets, what we see...
The Russel 2000 is probably exhibiting one of the clearest Elliotwave counts of all US Indices.
For one we can see a very clearly impulsive 5-wave drop from June 8th highs to June 15th lows.
Next we see a triangle in the middle of the retracement higher since which is a classic middle-of-retracement move.
Triangles are patterns prior to final ending...
THE FINAL COUNTDOWN TO THE CRASH!
The CRASH that is coming in July and August is going to catch both bulls and bears off guard and be a shock to the unsuspecting public. Complacency reigns supreme right now. The bulls have gone wild and no longer believe that prices can drop. This is what happens during bear market rallies.
I expect the counter trend rally to...