Greetings, traders! Analyzing the Consolidation Phase of SP500's: The SP500 has been locked in a substantial consolidation period spanning the last 24 months. This extended consolidation often signifies a period of market indecision, with buyers and sellers in a tight tug-of-war. Such phases are crucial for traders as they often precede significant price...
Psychology of the market cycle And what do you think we're going to do now???
This is an SPX chart from 1872. A 150 year old chart. As you know, I am the Elliott Wave Jedi. So, I took the liberty of labeling this SPX500 chart. There's only one thing I can say: "SNP500 is preparing for a BIG Drop, a Market Crash". My Wave Count suggests that a major Bearish Swing is starting, or will start soon. The 2009 lows are inevitable. Price Action...
Aiming to break through support line to retest support at 2022 levels. If that happens then we have a Double Top formation on the Monthly Chart. At that point we can either go to pre-covid crash levels which is possible scenario to happen due to inflation and high interest rates from the banks in order to slow economy down.
The S&P 500 turned lower Friday, pushing the S&P 500 into correction territory, down 10% from its high close in July 2023. The S&P 500 joined the Nasdaq Composite in correction territory on Friday after falling more than 10% from its July high close. It dropped to a new five-month low. The broader index last traded at 4,118.57 during intraday trading, roughly...
US500 - Intraday Price action has formed an expanding wedge formation. The medium term bias remains bullish. Trend line support is located at 4145. Trend line resistance is located at 4345. A break of 4172 is needed to confirm follow through bullish momentum. We look to Buy a break of 4172 (stop at 4132) Our profit targets will be 4272 and 4292...
The current earnings season in the United States brought forth intriguing results. Nevertheless, we have seen some adverse reactions to relatively good results. For example, Alphabet (Google) lost about 10% following its quarterly earnings on Tuesday, despite its revenues and net income soaring (YoY) in 3Q23 by a significant margin (though it is important to note...
SPX is now at a key level of prior resistance. Will it be as simple as prior resistance turns into support for SPX? This is definitely an area to watch.
Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DXY chart) If it rises above the 105.664-106.416 range and maintains the upward trend, the investment market is expected to fall into a recession. Accordingly, the key is whether the price can...
Hello traders,The price currently needs new negative momentum to enable it to resume the negative attack to soon target the 4183 level, and then let us wait for it to attack the 50% Fibonacci retracement level positioned near 4138. Pivot Price: 4215 Resistance prices: 4265 & 4302 & 4346 Support prices: 4183 & 4138 & 4098 The expected general trend for today:...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #US500. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
This is my live analysis for SPY and I want to go long once price touched $424 levels and the logics are explained in this analysis. NOTE:WAIT FOR THE RIGHT OPPORTUNITY
SPx500 if it falls above 4310 in this direction will rise to 4337 then 4361 then 4383 but if it is below 4310 the direction will go down 4278 , 4253 then 4227 Pivot Price: 4310 Resistance prices: 4337 & 4361 & 4383 Support prices: 4278 & 4253 & 4227 timeframe:4
Pair : SPX500 Index Description : Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction. Entry Precautions : Wait until it Complete its Retest and Rejects
Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DXY chart) The key is whether it can meet resistance and decline around 105.664-106.416. --------------------------------------- (SPX500USD chart) To break out of the short-term downtrend,...
Hello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a...
S&P index is going to test 4170.75$ level this month, it’s now going down to this level. We will wait after testing this level to detect price moves.
Hello traders as you can see in my analysis it seems like spx500 has changed from an uptrend to a down trend forming a head and shoulder a classic bearish reversal pattern . i believe the price is being influenced by the dollar monetary policy and the situation in Palestine so watch out for that . but technically speaking , the price is coming down. please...