Posting the SP:SPX chart again.
Edits:
Added the yellow circles.
Added new blue dotted line.
IMO there's a good chance we could see something like what happened late 2021 to early 2022. We'll likely get some volatility here.
Weekly RSI looks in the same area.
AMEX:SPY AMEX:SPXL AMEX:SPXS
If we use the Elliots Wave like in 2022, this is how it may play out. The selling has been steep enough to apply the Elliots Wave here.
Catalysts for Oct is a hotter than expected CPI/PPI, especially with fuel inflation rising and fuel prices rising back near record highs.
Bearish Technicals: (1-Week)
- RSI
- MACD
- MFI
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On the contrary, these moves...
GOOD MORNING!
The 10 largest companies in CBOE:SPX = about 35%
They have an average P/E of 50
Kind of scary
FYI
TVC:DJI joins the Head & Shoulder party
As data comes in we readjust
#SPX #SPY #DIA #DJI #stocks #indices
This is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
Pair : SPX500 Index
Description :
Bullish Channel in Long Time Frame and Rejecting from the Upper Trend Line Completing its " 3rd " Impulsive Wave. We have Break of Structure and Making its Retracement in Corrective Waves " ABC " . Possible Rejection from Fibonacci Level 61.80% or Previous Resistance
spy is trading in a giant descending correction mostly these break upside from previous patterns but you should know this game by now, high probability trade idea here for next week !!!!
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
SPx
stabilizing above 4561 will support rising to touch 4565 then 4569 then 4576
stabilizing under 4561 will support falling to touch 4552 and then 4547
Pivot Price: 4561
Resistance prices: 4565 & 4569 & 4576
Support prices: 4552& 4547& 4537
timeframe: 4H
The S&P is moving in an uptrend price channel and due to the price reaching the top of the channel as well as signs of weakness in the price increase, there is a possibility of price correction to the specified levels.
Human psychology(stupidity) matrix, mind control, fake news and shit, is something
And fake technical shitty content is other something
2 things that makes us lose
there is only 1 way of success
2+2 = 4+ something
Pair : SPX500 Index
Description :
Rising Wedge as an Correction in Long Time Frame
Consolidation Phase
S / R Level
Bullish Channel
Break of Structure
RSI - Divergence
I don't have much to go on but that is fine. I just use the trend pivot line to put my back against (like a stop loss) So the margin of loss is minimal if the trade fails. I call this area the position of maximum opportunity.
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%
SPY has had a good run this spring. However, things are changing. Just this week, the debt \
ceiling got raised. The fed will be auctioning large amounts of treasuries to pay bills. This is
money that will not go into the equities markets. Buying volume on a dollar basis will likely go
down as a consequence.
On the daily chart with a double Bollinger...
