I didnt expect such a big Fri fckery all day, wanted some retracement off 4025 and break it above and it just fall! The white trendline is the king, support cluster is 3910-50, closing below will be very bad going into the weekend! Its a weekly closing today. Next weekly support is not there till 3720! Im still thinking they will squeeze into the close, but if...
Very important to get above 3992-97 tomorrow to continue this move up! If we reject it in am, very dangerous sign. Ideally we go up into that target, then retrace and go above 4k level. The price penetrated my support cluster zone (3910-50) and (very important) closed above all 4 supports we broke today, its bullish. The issue is, we need a confirmation and...
Updated SPX E-MINI, as you can see it hit our key level at 3918, short term we should see bounce but I think it will eventually go below it. When it goes below it, I can easily see new lows for stocks and BTC.
I cant post 5 min chart, but you can check yourself. Use 5 min chart and apply 110MA on it and see where the price topped last few days! Now its a must press here to finally break the bearish trend, next 20 min will be important! 1H chart is fighting 10EMA as well... I want green close, Im long and I dont like the price action (def the game we play), so if we...
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...
We're in bull market again if we can make higher high and break that downtrending line otherwise we will keep going down. In my opinion we will see ranging market for a month then go down but let's see
this is a follow up to my last post, read that one first. ---- Considering what i mentioned in my last post, if the bounce from 3880~3860 is weak, and price begins to flag into the days ahead, this will not be good news for the bulls, but it'll be great news for whoever is ready to catch this short. ---- realistically, if this case is confirmed we can see es...
good morning my peoples, es is yet again at another crossroad here. ---- >>IF the area between 3880~3860 is supported by the bulls, and they come in strong, es might be able to get out of this funk and continue the upward trajectory into the months ahead. >>IF the bounce is weak, it flags out, or there's no bounce at all, then the bull days are behind us and...
Accurate analysis. That's an update. Based on my analysis for US500 on Aug 17. To be Notified about the analysis, follow me and contact me if you have any comments or questions. (I will answer whenever I have time).
Here we see a very similar breakdown to the previous idea I posted. It is plausible, following the breakdown in the past week, that we are entering the next downside phase. This is a schematic of a WXY (commonly known as a double zig-zag) with a target of 1 fib extension of wave W @ 3141.0, a usual target for this type of wave. Potential target options are also...
Hey traders, Here is our forecast on SPX500USD. The level where the price is trading right now is decent and the price will most likely bounce from that. SPX500USD is coiling on supply cluster. Based on our stand point the price will dump. ❤️ Please, support our work with like & comment! ❤️
Futs are down and it seems the flush continues! Must hold the 3910-43 cluster tomorrow or it opens the door for low 3800! Absolute must hold is at 3890-3900 tomorrow am, right at the support trendline! If it holds and reverses tomorrow, we should go up into the 5th high, ideally we see 4080-4135 at min Have a good night
4020-23SPX is the must watch, failing to regain it by tomorrow's close, will be super bearish imo! I know many are trapped and can be in denial, get protection! Im going to enter with lotto Sep 6th puts if we see 4020 today/tomorrow
SPX500USD on the 4h chart has tested an important confluence zone. The market got rejected and is now giving the opportunity of a bearish price action. How can i approach this scenario? I will wait for the US market open and if the market will break below i will set a nice short order according to the Plancton's strategy rules. –––– Follow the Shrimp 🦐 Keep in...
SPX can stretch all the way down to 3900-10 if it wants to. Maj support cluster is at 3910-50SPX Today is the reversal cycle day, so I take what I have. Main resistance now is 4025, above it, we can fly. Mid of the channel hit, not shown on the chart Monthly resistance close is 4156SPX, so must watch on closing level, its tomorrow... Im long
Good afternoon everyone, Watch for short term sell setup (bearish flag) that could prove completed if the price breaks the small corrective structure (black trend line). The target is a rather strong support level @3970, which could yield @2% profit. Nonetheless, trade with care as this is a short term setup and, despite the negative news flow for risk assets...
I was expecting a better rally off today's lows. Main support cluster is 3910-50SPX Main resistance is at 4125 and 4160-65SPX One more support is in 3992-96 zone Was looking for a low on the 29th, we got that, tomorrow will be a tell if we get a reversal Tuesday. Im planning on buying the longs tomorrow if we make new lows and hold into the 2-5th high. NQ...
Analysis of the spx 500 index from 08/29/22 Today we are here to talk about the SPX 500 index What's on the market now: Today the index is trading at 4057. Yesterday we saw a sharp drop in the index, which, as I understand it, was planned in advance by Jerome Powell. In his speech, he said that he would fight inflation by shrinking the real economy. That is...