SPX is approaching our first resistance at 2817 (78.6% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2616 (38.2% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react...
SPX500 have been trading within a compressing bullish channel and almost reached the top of this channel. So far on the higher time frames Price is showing divergence signs, volume getting squeezed along with momentum weakness. Pretty good evidence here so I am looking to short this market once it tests the top. Keep watching this market yourself as well. Trade...
SPX is approaching our first resistance at 2817 (78.6% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2616 (38.2% fibonacci retracement). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react...
Targets and stops on the chart. Don't forget to like and follow. Thank you.
Well, I kept hearing about the "end of the cycle" as made famous by Ray Dalio, so I decided to do some measuring on the good old S&P. Could we have hit the top of the market? In measuring the fib targets, I decided to start Wave 1 at the lows of the 1987 crash. That seems to make sense as it's the beginning of the "information age". Also, each Primary Wave would...
SPX looks being dragged by the oil Price, if oil continues going down, we will see an sell off in sp500
SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2508 (50% fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this...
SPX is approaching our first resistance at 2823.3 (78.6% Fibonacci retracement, horizontal pullback resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 2704.2 (horizontal pullback support, 23.6% Fiboancci retracement). Stochastic (89,5,3) is also approaching resistance where we might...
Key levels to look out for when analysing SPX, please refer to our 4 hour chart for a strategic view!
SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracemen, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is also approaching resistance and we might see a...
SPY ended the week at a large long term support turned resistance line. Next week will be interesting to see if we break resistance or start a substantial pullback.
Good day folks, It should be a sideway day, with an opportunity to short tomorrow, maybe even today eod. The channel didn't hold, so the support and resistance are being tested. IMO it will fail and this will result with a pullback of the recent uptrend we just had. Thank you,
I dont need to speak much on this one, please look at the previous data to help find a high probability outcome here. The world is in a shamble with PLENTY of fundamentals that are not positive right now, the stock market will crash its just a matter of time. As we can see we have had a nice recovery of 15% which is sitting right at an optimal entry point for...
Full Moon as New Moon often brings energy to stock markets. As the chart shows that more times one or two days before and after Full moon we see sell-off and then rally on stock markets while sometimes it's inversed: markets rally first and then sell off. What has this month's Full Moon been doing then? Full Moon for January occurs on Sunday, Jan. 20 and we...
SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support). RSI (34) is also approaching resistance and we might see a corresponding drop in price...
Intraday target: $2500 Long-term target: $2000