In yesterday's trading, the index price touched the level of 4540.00 and then rebounded directly towards 4510.00, trying to catch its breath before resuming the main upward attack. The 4470.00 level continues to form additional support and the Stochastic indicator continues to fluctuate within the buying trend level. These factors support our bullish bias to...
Two scenarios. Price hits 4550-4600 and stalls in a range to either,
Scenario 1, break down and rebalance the BISI FVGs formed at end of October throughout November.
Scenario 2, price ranges around 4550-4600 levels before taking out 4640 highs, reaching for 4750.
SPX if break the confluence of trendline resistance and horizontal resistance at 4600. Bull market back. If breaks 4100 level bearish momentum gains priority.
SPX is destined to drop hard, back to 2009 lows.
I decided to go short, to catch the next Market Crash.
It's the previous Wave 4 of a lesser degree.
If you know Elliott Wave as I do, then you are getting ready too.
In my opinion SPX500USD has topped a Wave 5 of a large degree.
More info on that in my Full Wave Count for that 150y old chart.
Here's a picture...
Hello Traders !
On The Daily Time Frame, The SPX500 Price Reached A Strong Support Level (4141.00 - 4103.00).
The Resistance Level (4397.84 - 4376.45) is Broken and Becomes a New Support Level.
The Resistance Line is Broken.
So, I Expect a Bullish Move📈.
i'm waiting for retest...
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TARGET: 4500.00🎯
hello everyone,The index price repeatedly presented positive pressure on the stable barrier at 4422, with the aim of finding an outlet to resume the previously suggested upward attack. Currently, and with the main indicators of positive momentum presented, we advise waiting for the price to achieve the required breakthrough, to open the door to reaching additional...
Extremely bullish behaviour
Daily chart: Back to back gap ups on
Daily chart: Demolish resistances in 200SMA, 21 EMA, 34 EMA, Trendline resistance from last year
Weekly chart: Demolish resistances at 100 SMA, 21 EMA, 34 EMA
Why is any one doubting this move up?
SPX500USD - Intraday
Broken out of the wedge formation to the upside.
The formation has a measured move target of 4540.
Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias.
Bespoke support is located at 4310.
Reverse trend line support comes in at 4295.
There is scope for mild buying at...
The index price failed in yesterday’s trading to resume the upward attack, affected by the exit of the Stochastic indicator from the overbought level, forcing it to form a bearish corrective bounce,
We currently and continually expect the price to be exposed to negative pressures, forming an additional corrective decline to incur additional losses by being...
In yesterday's trading, the index price touched the level of 4402 and then repeated the sideways fluctuation near 4362, affected by the attempt to exit the Stochastic indicator from the overbought level, while the general stability is above the support level extending towards 4383 and the attempt to form the moving average 55 for additional support by settling at...
Pair : SPX500 Index
Description :
Exp FIAT as an Corrective Pattern in Short Time Frame and Rejection from the Lower Trend Line after it has Completed " abcde " Corrective Waves. Impulsive Wave " 1234 " Completed at Fibonacci Level - 50.00%
Entry Precaution :
Wait until it Breaks or Rejects UTL
SPX SPY SPX500 has shown clear reversal of trend. 60 min has shown a upward indication after two months. 4hr RSI shows there is another high coming. Expect to clearly break the downward channel and power through to test 4500
The index price offered some recent positive trading yesterday , trying to confirm continued positive with repeated stability above support
The above calls us to wait for the price to gather additional positive momentum to facilitate the task of surpassing the 4383 level and reaching the next key target positioned at 4402.
Pivot Price: 4383
Resistance Price:...
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(DXY chart)
DXY is showing a decline below 105.664-106.416.
Therefore, the key is whether it can meet resistance and decline around 105.664.
The decline in DXY is because the investment market is...
SPx
New forecast
Despite the weak trading of the index price yesterday and its repeated stability near 4353, this will not affect the main upward path, so we will maintain our bullish bias, but before that the price will try to form a downward correction, and after that it will rise.
Therefore the price will try to formed the negative correction and to confirm...
SPx
New forecast
The price perfectly fulfills my last idea and price reached to our target +150 pip .
The index price rose last week and reached to our targets and confirmed its move towards the upward path by rushing above the 4321 level. We expect the price to resume the upward attack, waiting for stability above the 4370 level to confirm the continuation...
█ OVERVIEW
Since 2022, the S&P 500's consolidation efforts seem to be coming to a clear Head and Shoulders pattern, completed by a recent 3 bullish drives pattern. While it would be naive to think a straight beeline to 5000 is in play, the current price of 4350 is suggesting a return to new highs in early-mid 2024. This is likely to be in sync with the Federal...
US500 - Intraday
Price action has formed an expanding wedge formation.
The formation has a measured move target of 4540.
The trend of lower highs is located at 4323.
Bespoke resistance is located at 4331.
A break of 4340 is needed to confirm follow through bullish momentum.
Economic figures could adversley affect the short term technical picture.
We look...
