The S&P 500 had a correction in August and September that led to a correction back down into the EMA ribbon. I believe that SPY is trending for a strong Q4 and will make progress towards a new all-time high above $477 over the next few months (marked by the green circle). For now I would like to see a bullish bounce off the EMA ribbon.
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...
I posted this chart few weeks ago as a follow up to my short to show the few paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea. The only difference is that this happened...
❗ I won't take too long with this so thanks for joining ladies and gentlemen. I know I haven't really done an SPX post myself in at least a few months but been thinking a lot the past few weeks. ❗ As the market currently is/my personal view, we are in a state of Extreme Greed overlall, virtually any stock or pick you go with goes up and a lot of market...
Pair : SPX500 Index Description : Bullish Channel in STF and LTF as an Corrective Pattern EXP FIAT Daily Resistance Level Divergence Break of Structure Completed "12345 " Impulsive Wave
In my previous post on SPX ( link attached below the description ), I explained how we are going to see a rejection on this uptrend soon and we beginning to see that now. In this post I will explain how I am playing this short setup. In the previous post I had a pitchfork. I simplified it with three parallel channels, one larger and two inside it in its upper...
Pair : SPX500 Index Description : Bullish Channel as an Correction in STF and LTF Divergence - RSI Break of Structure Completed " 12345 " Impulsive Wave and " ABC " Correction Consolidation Phase
The S&P500 has hit our first target a couple of days ago. Now the price is at the lower level of the resistance zone. This could mean that a correction is due. I believe that the resistance will be either broken or held at the end of the week. In this case, the most likely scenario is that the resistance will hold, and that we'll see lower prices for the...
After the Fed came up with the interest rates pause look at the chart of Dow Jones on weekly TF. It is forming a Bullish Inverted Head & Shoulders Pattern. Look a new ATH
SPX 500 Analysis on Weekly Timeframe! Rising Wedge Pattern in SPX500 Rising Wedge Pattern Formation after a Strong Downtrend SPX500 was in downtrend before now we are seeing a temporary uptrend but if we observe carefully it is an unstructured uptrend, for trend reversal it has to break 4323.56 level. Now SPX500 has formed a Rising Wedge Pattern. This...
This update will be quick, Im very lazy this weekend. ES short term was already posted earlier today. There are 2 pathways Im following: 1 - H&S pattern, visible on the chart. That pattern if triggered will make full 5 down into early next year low to finish the whole move down from Jan high. (Fits perfectly with VIX sky rocket from its below 20 level) 2 -...
As you can see there is a lot of confluence at 3970 level (This chart become quite busy with the trendlines) If we do gap down tomorrow below 3970, I will be looking to buy 3928-39SPX level for a broken trendline test, if not more. This chart is similar to the ES, but has a higher level of support, so they have a bit different short term look one from another to...
Pair : SPX500 Description : Completed : Impulsive Wave " 12345 " and Corrective Wave " A ( 12345 ) " Corrective Wave Impulse Correction RSI - Divergence Break of Structure Bullish Channel in STF as an Corrective Pattern Consolidation Phase S / R Level
Pair : SPX500 Index Description : Bullish Channel in Short Time Frame and Long Time Frame as an Corrective Pattern Break of Structure RSI - Divergence SMC - CHOCH Completed " 12345 " Impulsive Waves Fibonacci Level - 38.20%
💥 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💰😍
In this analysis, we explore the potential consequences of a US debt ceiling default on the S&P 500, one of the most widely followed stock market indices. We believe that if the debt ceiling issue remains unresolved, we could witness a significant downside in the S&P 500, comparable to the crisis experienced in the US economy in 2008. Our analysis suggests a...
Hey guys Looking at spx500 we can see we have some Solid Market Structure in play with some in effeciancies regarding price action and its left behind some imbalance or (gaps) in the market and we may see price action start to fill these gaps now just because a gap has been created doesn't mean that its going to be filled there after it was created... price may...
Technical Analysis: - S&P is going to finish wave ((B)) in black in the next 2-4 weeks - Short Term Right Side (H4) is turning up - Medium Term Right Side is down to complete a wave II in red Technical Information: - Don't buy now S&P if you're a swing trader - If you're a position trader please wait for wave II in red to be completed