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...
Happy New Week, Happy Monday, 4023 is the line in the sand. SPX is stuck between 100DMA @ 4056 & 50DMA @ 4000 Break of either will clear the direction Macro ECB Lane Speech, US Fed's Brainard Speech Buy Break: 4 041, 056, 065, 095 Reversal: 4 000, 3 982, 955, 935 Sell Break: 4 000, 3 985, 956, 936 Reversal: 4 042, 055, 076, 095, 110, 125 I...
$SPX Trade Idea into 2023. Now the king told the boogie men, You have to let that raga drop. Rockin' the Casbah, rock the Casbah.🎶 TP - $3441.04
ES1! SPX500USD 2022 AUG 29 Week Rejection at 4204 was good for short. Possible Scenarios are considered: 1) Long if 3940 / 4071 supported 2) Short on low vol retracement / rejection at 4071 / 3940 Weekly: Ave vol down bar = some demand Daily: High vol down bar close off low = some demand H4: Climatic down bar followed by very high vol down bar close at low,...
I know its crazy in one day, but targets are targets! Homework pays well when you follow and stick with it
I had no time to post this last night, but I did the ES. We did hit my upper target at 4210-20, reversed and never looked back! Was looking for this move for several days now, but it came so big, I didnt expect to have so much of a move in 1 day. This gives me more confidence on my lower target zone to hit 3930-50SPX So for today's close 2 very important...
$SPX 2W Timeframe - 2018 vs 2022 2008: - 7 MA crosses 25 MA, market drops towards 100 MA. - Retests 25 MA before further falling down 50%. 2022: - 7 MA crosses 25 MA, market drops towards 100 MA. - Retests 25 MA (Currently) with a very bearish candlestick.
it appears to be a now mildly bullish sentiment in the short term, but a period of uncertainty with low volatility. what technical indicators does anyone think were present for today's short term reversal?