stop on spx500 got hit i will be looking to short here and load up should price seem to get bearish volume inflow. 3 downside targets are possible. never try to be correct if your stop is hit re analyze your trade. I was waiting for a retrace higher but seem alot of bearish pressure took a small loss and went net short, asia session is usually a ranging trap...
Hello traders and analysts,
Here is update to our weekly outlook provided April 24th.
judging by the closeness of our results so far - we are pretty much on track to our prediction.
We are already short on this and will hold our sells in conjunctions with longs and close out longs as price hits highs.
Do not over leverage and apply risk management if you use...
Spx at key levels and the economy is extremely shaken, we need to see some positive talks about stimulus and covid 19 has to slow down. The elections are almost at our door step and my prediction is business as usual until the election, stonks will go up until further notice.
Good luck!
Next stop $3580.
S&P 500 decline in a five-wave contracting pattern knows as leading diagonal from its all-time high. It's labelled i-ii-iii-iv-v in wave (a).
According to Elliot Wave theory, a three-wave correction follows every impulse move, that's the subsequent a-b-c zigzag move in SPX. The correction retraced more than 80% of the impulse, retested the upper boundary of...
US500 - Short term - We look to Buy a break of 3469 (stop at 3455)
We are trading at oversold extremes. Prices have reacted from 3442. Bespoke resistance is located at 3469. A break of 3469 is needed to confirm follow through bullish momentum. We have a 61.8% Fibonacci pullback level of 3509 from 3550 to 3442. Although the anticipated move higher is corrective,...
Just re-posting this as my original post 12 hours back is hidden for including my Twitter handle! oops
I trade by identifying spot on daily turning point levels everyday for many instruments, including #SPX. Set price levels near these levels and trade when opportunity comes.
New to #tradingview. Will be providing my intraday levels for some of the instruments...
To understand very we the recent violent movement in this market, we have to come back to the basics that's why i choose the Fibonacci to support our view with golden numbers, i based this analysis from the past important bullish trend ,now if you are already in a short position, you have to double up your position, the first target now is the level of 3465.1 and...
Price is losing the upside momentum right now possible heading back to retest the previously broken fibonacci 0.618, and also there is a VCPR at 3450.00
I am very aware of the almost permanent uptrend of SPX. There is what obviously looks to be an inverted head and shoulders that has formed, but the same could be said about GOLD, GBP/JPY, US30 and NAS100. I am looking to take a short before the head and shoulders decides to actually play out since i don't feel like its going to pop yet and there is a possible...
This is how I see things playing out. I wanted to post this as a challenge to my T.A skills I have been doing this for quite some time and feel pretty confident in my work. Let me know if u agree or disagree and why I'm open for discussion and critique.
US500 - Intraday
We look to Sell
We are trading at overbought extremes.
Momentum is stalling with the posting of new highs and indicates bearish divergence.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. We have a 78.6% Fibonacci pullback level of 3507 from 3588 to 3210.
We have a 61.8% Fibonacci...
SPX - Three weeks to go to election. Pretty amazing price action this week. After a scary push down on Tuesday. Wednesday, Thursday and Friday did nothing but go up the rest of the week.
SPX is due for some consolidation but all indication is SPX is going to have a big October including a test of all time highs and beyond.
3425 is a key level to hold on any...
