SPX500 now forming one more time Rising Wedge Pattern with Patterns forming its looking Bearish for now stay safe from CRYPTO
LAST 6 months SPX500 drop down (-21.06%) if this Index will reach (-29%) (-30%) i think BTC will drop 10000$-12000$
Comment Below if you agree with me ?
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.
after todays close, it looks like es is in an ending diagonal.
>each lower low will create bullish divergence.
>price contracts \ enters into a squeeze.
>larger time-frame oscillators get a chance to completely reset.
>most people get shaken out.
>this is a form of accumulation by the big boys.
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the finishing move can be a capitulation, potentially to...
Two periods can be observed on the RSI for SPX on this 3Monthly chart
A downward trend which correlates with a sideways move on the relative timeframe
And a small uptrend that correlates with sharper growth on the SPX, these begin within the green circle
These green circles show very comparative structures, however one is during an up period, while the current one...
3550 is the zone ladies and gentemen,
to keep it short and sweet, i'm cash till then.
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if we get this target today, that would be one hell of a way to end this week;
and we would see a significant short covering take place - the largest this year.
i'd be looking for price to gravitate to around 4300ish after 3550 is met.
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it could take awhile for us...
“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain
I've been noticing similarities between the Great Depression and the current market. Both were proceeded by parabolic ascents, and both had steep tops. The descent from 1929 to 1932 is shown in gray. Key support levels are marked in green. Two laddering strategies are shown with suggested...
My weekend update is a day early, I will update those who are on my list with a bit more details on shorter time frame view tomorrow.
We are in a bear market and those 5500 callers got destroyed all the way down calling every bottom from Jan.
This is my long term view and I think we have bottomed here today or super close to it!
I got targets for the potential...
es ended up rejecting close to the level which i talked about in last nights post - kinda surprised it didn't make it up those last few points.
you know what this means though?
weakness.
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there's a notable pull wall at 3600, and a notable call wall at 4280 expiring on june 30th, which was opened by jpmorgan.
these are our major support \ resistance levels...
US500
Intraday
We look to Sell at 3750 (stop at 3779)
We look to sell rallies. We look for losses to be extended today. There is scope for mild buying at the open but gains should be limited. Previous resistance located at 3759. Expect trading to remain mixed and volatile.
Our profit targets will be 3655 and 3601
Resistance: 3750 / 3821 / 4300
Support:...
good evening peoples.
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i'm not very convinced that a bottom is in, but it's possible that it is.
one key level to watch from here, and it's overhead at 3876.25
push above it, and we will see an expansion to 4000~4100 fairly quickly.
reject, and 3600 is the spot we will gravitate to.
Does look like a gap up tomorrow to my eyes. I got some lotto calls for tomorrow/Fri
Support 3775SPX
Overnight support ES 3770-80 and 3745
Main resistance is 3885SPX and one more at 3855SPX
Im mostly bullish, will add if we get another weakness tomorrow am.
Might update the chart with more info later on
the midline of this bearish pitchfork is being back-tested today.
will we see a rejection and plummet into the stonk market abyss yet again?
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all eyes on jpow today.
It seems that revisiting pre-covid high of 3400 is programmed. We should pray for a healthy bounce to resume long-term upward movement. If not, we can expect to visit 2000 on SPX. Trend lines on chart are from 1945 when modern dollar-backed global economy began. VHTF - zooming out for historical perspective
Good morning everyone,
Watch for short-term leg up in the S&P500. It's been consolidating after the sharp move up of the past week and looks like it reached the bottom of penant (or flag) , which traditionally is a sign of at one more upswing. Trade with tight stops as we approach the upper bound of the paralell channel as it's now unclear whether it's breaking...
good evening,
es is sitting right at the bottom of our diagonal.
diagonal is a 3-3-3-3-3 move,
so we are looking for the final 3 to take shape.
potentially see a pretty nice move up in the days ahead (for the full moon),
before the final dip down comes to 3550.
upside targets are on the chart; there's no knowing which one it rejects, so be careful....
SPX rejected both 3710 and 3730SPX support. Maj daily support was 3710.
Tomorrow should gap up. There is a chance we still see my 3696.50 tomorrow, but in idea we should gap up tomorrow and repeat the Mar Fed day.
Im out from 80% of my short, and keeping only core longs going into the FED day.
SPX gaps to close are:
- 3900
- 4017
Failure getting above 3957...
One more calculated target for the potential low of this move is 3696.50
Im expecting a run up after the FED back to 3975 or so and make another low to 3665-68 or 3696.50, it might make a higher low, but the pathway is the same.
Then summer rally after the July 4th weekend
This is a trendline I have been watching for months, think it's time to load the boat, if you can't time to still hold and not sell the bottom IMO but we will see.
