The past 3 FOMC press conferences have been followed up by a pump into the end of day. The last 2 times, the day after, or even after the close of the day, SPX sold off and made a new low. We shall see if history will repeat itself this this time. If helpful, please boost and follow. Cheers.
Today opened high, then pull back to fill the gap. Expecting another open high, then pull back for pivot Builidng. Wednesday or Thursday till Friday for a leaving spike towards $4150
This chart shows a trend-based Fibonacci retracement. The trend points used are (1) The market high right before the 2020 selloff, (2) the market low from the 2020 selloff, and (3) the most recent market high (in January 2022). As the chart shows, SPY has nearly perfect retraced back to the Golden Ratio. My expectation is that SPY will rally into and throughout...
Are you hunting for a bottom in stocks? Were you bullish 6 months ago but have now turned bearish? Are your trading decisions influenced by your feelings and 'current events'? There is a tremendous amount of information written right here on the charts if you know how to look for it. I will help you to see this. The best advice I can give is this: Do not make...
In this idea, I'm simply taking a look at the S&P 500 verses the actual stocks that make up the S&P 500 by using their 200d and 50d averages. This can be useful as an indicator to look for divergences, early warning signs, or confirmational trend changes. Top pane = SPX stocks above their 200 day moving average Middle pane = SPX stocks above their 50 day moving...
In this analysis, I used several leading indicators - commitment of traders index (CFTS), insiders (Form 4 SEC ) and the greed and fear index (CNN Business). In commitment of traders index I period 19 - it's a middle of 13 (quarter) and 26 (half year). In practice, it is this period that provides the best results (not only on sp500, but also on other...
depending how futures market plays out tonight and if people keep buying a mondays open we cod have very different outcomes. the bull case is essentially if we see RSI, Double STOCH signal remain positive or if we hit resistance at gap close and continue lower or make a double bottom. even in the bull case we could rally for a couple weeks and then double bottom....
Idea for SPXL: - Buy the Fear - Long Apr 14 111C (10.80 debit) GLHF - DPT
we are in technical conditions of a selloff and risk averse activity is driving the market. defensive sectors are even doing poorly. there is no reason to think price action will turn around here, vut the price doesnt go anywhere in a straight line. at least one last trip up to mid or upper 95s is a valid target.
need to clear the 1st cup and handle pattern, then see another retest that will lead to another cup and handle breakout
the harmonic bat pattern played out, and we did get a retrace to the .618 fib level. I see support around the .50 level, from the D leg down. I'm monitoring this level for a potential breakout out of the handle and retake 4300-4400 by eow week.. Disclosure i'm long spxl and bearish on gold
looking for a breakout of the handle and retest of the supply zone. short term target 106
The weekly price action of the S&P 500 is also showing a bullish butterfly pattern. however, for this price action to continue, the lower time frame also must establish the same pattern. In addition, naturally a rejection from B leg, forms a base, and potentially leading us into a high probably cup and handle breakout. I like to trade the money flow, as it first...
given the amount of retracement if we stay over 97 and attract volume setting and confirmin this as a higher low around the .5 its likely we enter a tightening range going for a touch of vwma and then setting a lower high. id like to close that day around the highs for a bull daily case. horizontals are valid targets.
theres a chance that getting back to all time highs may take a lonh time, and when we get there we may be heading into another drop. if volatility has returned as the new norm there is a lot of evidence to suggest that we wont see a stronger market than 2021 until at least 2023. should we make a second break to the downside whether it is sooner or later a touch of...
Resistance is found at the 2h 8 EMA on ES1!, NQ1!, and RTY1!. Support was indicated at the Pattern Break 21.4% level. (.214 is the inverse .786, the square root of phi.) Tech Falling Wedges are top watch.
15 min LBB test as the key spot approaches. Backtested upper neckline during the AM session.
After all the turmoil of the first 14 days of January SPX is 4.5% away from all-time highs. Opex week next week with this H&S in-play. Resistance for RTY, ES1! and NQ1! currently at the 2 hour 8 EMA.