SPX500USD 2021 May 31 Week (Intraday)
Weekly, Daily, H4 = Bullish
Last week 4148 immediate support held and then price found acceptance at 4178-4190
(last week's scenario 2). Long was good.
1) Market to test 4183-4190. Long if supported
2) Daily chart we see an uthrust bar has formed, this...
Thinking this, IH&S pattern has not completed yet up to 4240 zone. & bulls r eating the dips up, daily still looks weak but 4050 will probably be the bottom for now & then back up to 4240 and probably keep going higher towards 4400. The OTC penny stuccos will thrive b c it will be risk on.
Could be wrong but thats where my bets are placed. GL everyone
SPX500USD 2021 Apr 12 Week (Intraday)
Congrats to those who took long trade per last week's analysis.
Market was kind to materialize the AB=CD target of 4125, and reached 4132
Last H4 candle closed off its high, and we have reached the supply line of the
upward channel. This may present...
SPX500USD 2021 Apr 05 Week (Intraday)
Weekly / Daily / H4 = bullish
31 Mar - 01 Apr market advanced, albeit on reducing volume. Mark up
likely to continue, so we can look for long opportunity on lower TF when
pullback happens, preferably at 3991 or green zone.
Entry preference will be a the SR and the yellow line...
SPX500USD 2021 Mar 29 Week
Weekly / Daily / H4 = bullish
Last week's short target of 3844 not reached, as price reversed at 3856 instead.
With climatic up bar into previous resistance,
may have opportunity for short when we see toppish pattern.
3844-3856 will be the immediate support.
We have officially mark the start of daylight saving time (DST), as North America have moved ahead an hour on Sunday 14th March. US and Canadian markets will trade one hour earlier than usual in Asia time.
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Even after President Biden’s $1.9 trillion pandemic aid bill narrowly passed the House in the early hours of Saturday, the shakeup in stocks prompted by the rapid run up in Treasury yields looks set to continue to be a major focus for markets in the coming week. Investors will be focusing on Friday’s employment report, which is expected to show that virus...
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SPX500USD 2021 Jan 25 Week
After the recent high showing supply, 2nd last bar again is a sign of weakness.
Besides, it has fallen out of channel and
If price broke 3820 and it becomes resistance
and let's see if a lower high is formed to confirm change in trend in the near term.
Resistant3 = 3927.5
Resistant2 = 3883.90 - 3894.20
Resistant1 = 3862 -...