💥 S&P 500 INDEX SPX 4H-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥S&P 500 INDEX
I hope my idea is clear
Support me by like and share thank you
Stay Safe💯💲💲💲
Good luck💰😍
I have 2 counts, one of them is lower low and the other one is supporting this IHS possibility.
I will post my main chart tomorrow or tonight here. It was updated this Tuesday and so far we have both options on the table
Pair : SPX500 Index
Description :
Break of Structure
Rising Wedge as an Corrective Pattern in STF and LTF with the Breakout of LTL and Retracement
Divergence
Impulse Correction Impulse
Bullish Channel
Consolidation
Completed " ABC " Corrective Wave
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Previous scenario with leading diagonal was invalidated,
I switched to an alternative scenario that we formed wave ii in the form of a flat (3-3-5) and now I am waiting for continuation of growth, with a...
The ideal high (and it will be high for the year IMO) is coming in early Apr/May.
We shorted the top almost to the tick yesterday! Also had a great short scalp before Powell speech today
Now covered at 4004SPX, which was our main target.
More setups since last night's update.
Patience is everything!
S&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%.
Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage.
From a big picture point of view, S&P 500 continues to consolidate in the range between...
SPX is screaming - Beware of March!
An early march will be important for the bulls as well as the move up into the OPEX.
Things are setting up for some swoon event!
Do Not Get Trapped after the Mar OPEX!
SPX last night's updated chart, no changes, and the same support and resistance levels.
There is a smaller IHS (not shown on the chart) which can make another low or a double bottom tomorrow am.
It would be a perfect low for a long trade going into the next week's high.
The main target is 3950-60SPX, but it can just dip shy below 3970SPX.
As the major support...
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
My Main scenario that we forming leading diagonal,
where right now we're in wave of iv,
after that i will wait final upward movement in zone 4200-4300 before starting correction.
Good luck everyone!
Follow...
We have initiated a long trade today.
I wanted a bit lower into the low of 3970SPX level (might still get hit am tomorrow) for a perfect long trade into EOW.
I am still looking lower into early Mar.
Look for the info in my bio for the critical turning dates and trade setups.
Enjoy your evening,
Tima
Pair : SPX500 Index
Description :
Bearish Channel in Short Term as an Corrective Pattern
Exp FIAT
Buying Divergence
Bullish Channel in Long Time Frame as a Corrective Pattern and Rejecting Previous Resistance Level
If it breaks the Resistance Level and Retest then Buy
Break of Structure
The chart is self explanatory.
We expect a buyable low in near future for another push-up into Mar high.
The most dangerous time window for this year is May-July
SPX is at major resistance and a psychological level of 42,000.
The market is consolidating between 36000 and 42000.
Notice, how the price pulled back from the resistance in previous testing.
Price action created a bearish harmonic pattern .
We anticipate further consolidation.
-------------------
Share your opinion in the comments and support the idea...
The SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction.
The stability of support levels at 4000 and 3990...
This was the title of the last update, which got deleted by the tradingview:
"SPX can still make a higher high next week - Jan 19th update"
I cannot attach the image but will post it another place, look for info under my bio
Since I get banned not even mentioning a site, I will post here only 1-3 times a week.
I don't want to waste my time on bringing business...
The SPX made a false breakout. A false breakout means that the price attempted to break out of a pattern, or break support/resistance. The attempt is successful for a short amount of time, before the price goes back to where it was. This usually is a reversal signal.
For now i'm staying bearish, untill the price goes sideways or manages to break the resistance...
S&P500 has crossed above the 200 DMA for the fourth time.
It is a critical rejection zone that will decide the fate of bulls vs bears.
It would be better to wait for price to move above 4 % of 200 DMA before taking a bullish view due to the past rejections at 3.35% and 2.62% approximately.
I would consider 4,132 level to be safe for long trades and would...
