I think we will have one more leg up at least before the election. If you find this useful please leave a like I would appreciate it :)
The S&P corrective (A), (B), (C) pullback into wave (4) is complete setting up for an increase into wave (5). Focus is on one remaining push into 3600-3700 level wave 5 fib/upside zone. Expect this terminal rally into our final resistance zone into Nov-Dec.
expecting one more strong bounce again soon. TP Level : 3600+ Stop < 3090 daily close.
Please give this an idea a like if you found it helpful. Price still has the potential to reach lower. Next Objectives are 3280 & 3250. Remember, I am eventually looking for 3200. Refer to the related ideas attached to this post. Thank you.
Alternative wave count shows we could be forming a corrective (A), (B), (C) with major support at around 3066 or the 38.2% retracement before moving higher into wave (3) targeting the 3,700 level. Both wave count still indicates an overall bull trend that has not been derailed.
Primary wave count still shows the S&P current pullback labeled as wave (4) setting up for a move back above 3,500 suggest the shown count is correct.
Based on the last projection, Intermediate wave 4 should be over. The losses of the past week did move into my projected bottom. However, it does not appear a full 3 wave (ABC) cycle occurred. It only looks like the A wave is now complete. I have adjusted my model to account for this and the projections of the next movements are below. I expect gains most or all...
My home-built systems say we're going to break through this upper trendline, it's going to trap a lot of shorts and so I expect a strong move
Hello traders and analysts, Here is a quick trade currently in play. What is price showing us? A discount from the high has been offered by the market - with the 0.705 Fibonacci respected. It is important here to not - the price has broken from the rejection to fill more orders from this hourly offering candle. Using the 4 hour - price has had a nice clean...
Everything on 3day continues to shoot green across the board on the spx500 with nice size candle. Since recovery we have only had one major potential transition (green arrow) All indicators have nonstop continued to go green. The only resistance is the previous high before the crash, will we make new highs or set up for a massive selloff... This will get fun.
We've seen a steady increas of SPX (S&P500) Over the last few weeks, This particular level is of great interest as it not only retests the highs from early June and is less than 20 pips from the 618 level of the fib retracement of the most recent higher high and higher low. All whilst still following the channel. If this comes to fruition, we could see a steady...
💰 LET'S GET INTO SOME SPX 500 ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷 Neutral - 3day Chart - Candle Doji Compression - 2/3 EMA DOTS Red Is corona wave 2 on it's way? I hope so lol. This week will tell us some critical signs to take with us in the market next week. Stay alert as we...
looking for one more upleg before going down again. look for sells at 3350-3400 . not likely but ; if SPX hits above 3400 then uptrend may expand further. good luck.
😁 Similar to oil as the upward major support has been broken. The 3day is starting to curve. Daily Timeframe Crossover Strategy: Red Crossover The EMA Dots: 3/3 Red Support Level: 2941 Resistance Level: 3213 A break below support I think we would see a major correction. Have an awesome day! ✌ 🥇MLT | MAJOR LEAGUE TRADER
expecting all equity markets to rebounce and test the previous tops.