The S&P 500 actually bottomed in June 2022 right at the 3rd Fibonacci extension from the Great Depression high. (The Fibonacci levels here were drawn from the all-time low in the 1880s to the high in 1929 right before the Great Depression). Since the S&P 500 corrected down to an extremely important Fibonacci level and cleanly found support, this could be quite...
Saw the buy -- we shifted MS to bullish IMO. Want to see it go to 3820 highs .. 6/30 NY highs were never raided that is my target. This isn't financial advice it is just my bias.
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...
A huge convergence formed on the weekly timeframe has started to work out on the U.S. Industrial Average. The Fibonacci expansion correction already corresponds to 1.618, which is enough to end it. We closed the gap formed by the candlesticks of the previous two trading weeks. Last week's trading volume was climactic, the highest since June 2020. There is also a...
SPX has 2 gaps on the daily chart. One gap occurred June 10, 2022 and the other on June 13, 2022. On June 15, 2022 SPX closed the day with a spinning top. My plan is to take SPX to the upside after it breaks 3838.51. However, should it break below 3722.08, I will take it to the downside. I have an alert set at 3838.51 with the expectation of a gap fill to...
If you are looking LONG term at any Equities market labelling long zones is a necessity. IF you cannot do this you will have BAD aim.. If you use monthly charts you are going to be looking for LONG term trades. As we approach some key support and our 40MA on a LARGE forming bearish candle we can look lower for longs. You also need patience and be comfortable...
SPX first D point was completed on this shark as you can see the beautiful bounce at the .886, but now price is back at that key level testing support, normally when this happens price continues and price hits around the 1.13 before reversing (If it reverses). The 1.13 does look like a good zone, wiping out a lot of liquidity and landing on another...
Nice BOS on the 10/15m on SPX, if we see this turn into a distribution and continue to fail the highs/break the lows i'll be looking for sells on NAS/US30... If this is a Sign of weakness now we should get a push down (Tricking the early sellers) before a liquidity hunt up wiping them out before the move continues down... (If this turns out to be a true...
As Equity Markets fall further we can see a clear example of scaling in to the market. 7 Weeks straight down. NOW you should be thinking long. Prices get hit lower and we like to get IN. Reflect on market sentiment and current value.
Based on this EW count S&P 500 correction is likely to be OVER! If this is indeed to be true, S&P 500 will make a new ATH completing the 5th and final wave of this current bull market cycle.
EW count for SPX Speculation: Wave 4 is done Wave 5 will print ATH 50-70% Correction after new ATH
Today we're here to talk about the SPX 500 index What's on the market now: The index is trading at 3900. And in the last trading session, we saw a movement to the last bottom area, but the market held it. I expect that in the near future the market will try to rise to the level of 4125 - 4150 Today we are waiting: Today we are waiting for an attempt to...
Today we are here to talk about the SPX500 index. What's on the market now: The index is trading at 40 13. And in the last trading session, we saw the price stabilize, as I expected earlier, here is a link to the idea. Globally, the index is moving towards the level of 3830 - 3780. What are we waiting for today: Today we expect a decline to the level of 39...
SPX - I want to see price hold this high and reverse, have nice confirmations that it could happen with the HTF, BOS and momentum, let's see what happens when price gets into the PRZ Let me know your thoughts! Disclaimer I never trade these ideas until price is in the zone and i get LTF confirmation!
Today we are here to talk about the SXP 500 index. Today: The index is trading at 3930. In the last trading session, we saw a new bottom of the market at 3858. Since there is no profit taking in the market for players, this tells me that the stop of this fall will be at the level of 3820 - 3740. What's on the market now: Globally, the index goes to the level...
S&P has hit below its 50 year mean average meaning investors and institutional buyers are going to be delighted to get back into S&P, we're waiting for a higher low to present itself before buying into S&P, Volume flow on the weekly chart has crossed 0 and we're expecting this to now hold above it, Squeeze indicates it is dying out for sells, exciting times ahead...
As we can see US equities fall from negative market sentiment (overdue) we can identify long zones and look toward the upside. This means using DCA methods and not PILING in all at once. It will not work like that.. Trade small. Spread your risk LZ1 - long zone one LZ 2 - Long zone two
Today we are here to talk about the SXP500 index. Today: The index is trading at 4462. In the last trading session, we saw a sharp rise in prices to the level of 4485, which I mentioned earlier here is a link to the idea. What's on the market now: The market continues to develop lateral movement. Perhaps there is a good place to enter the market. What are we...