Key levels to look out for SPX. Please refer to our 4hr chart for a strategic view!
SPX is approaching our first resistance at 2792 .2 (horizonal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 2699.0 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with...
Key levels to look out for SPX. Please refer to our 4hr chart for a strategic view!
SNP500 – Resistance & Support: Resistance: 2835.00 / 2875.00 / 2920.00 Support: 2785.00 / 2700.00 / 2600.00 / / 2500.00 / 2475.00 SNP500 – Summary: Expected to complete Intermediate B (red) correction at or around the 2835.00 Levels. Impulsive Bearish Wave expected to start at or around the 2835.00 Levels. If an overshoot and a Bullish Swing would occur, then a...
Got this on the 39 minute chart, the crazy part about this is that the price target measurement lines up perfectly with the established trend line, let's see what she ends up doing.
Let's look at a few things here - First: Based on the last down swing we have reached the 1.272 extension which, based off the patterns taught by Larry Pesavento, is a key extension for trend reversal (the other, 1.618 I have on the chart as well, as that'd be the next target if this one fails). Second: Volume is telling us a similar story, I added my relative...
This is a Forex technique mainly, but when I saw it playing out I couldn't help myself. Impressed by the accuracy, caught today's peak almost flawlessly. Just messing around with this, plan on experimenting a bit more with harmonics in the future.
Just posting this so I can refer back to it later. These are the extension targets for SPX based on the future price target projections pulled from the January 26th peak. The index broke out the descending triangle so at the point of the breakout I have the High to Low measurement in yellow, and the High Close to Low Close measurement in bright blue (with the...
The colored boxes represent Points of Interest and Vibration Levels, based on Waves measurements and Fibonacci calculations. • Red – Bearish Breach • Orange – Strategic Levels & Vibration Zone • Blue – Extension & Points of Interest
Since the last ATH in january (2848) the S&P 500 has fallen in steps (see trend lines). The trend line at about 2.800 is a strong resistance. At this level the bears take over and the bulls flee out of the stocks. And at about 2.700 or at least at 2.600 the game changes its direction. Actually the index has just turned and is heading towards the 2.800 level. On...
An Elliott Wave count of the S&P500 shows a cycle-level 3 Impulse Wave either complete or very close to complete, with a major correction (the 4) imminent.
This is a re-post of a chart from one month ago after the dow dropped 700 points in one day. My extrapolation from that post compared this to 1987, in which there was a 2 year run up, and then a quick crash which erased 1 years worth of gains. While this 2018 crash appears to be slower in time than 1987's two month crash period, the charts nonetheless look the...
The technicals are quite depressing for the SPX. Bear flag is broken. The previous correction easily could be just a dead cat bounce and now go to the deep. Some other assets are also support a bigger downtrend (at least for few months). We will see. What do you think?
Bold move, over exposure. You ready? Short VXX which tracks the VIX. Buy XIV which is inverse to the VIX. Buy SPXL which is a 3x levered SP500 ETF Short SPXS which is a 3x levered short SP500 ETF If this isnt just a correction were screwed, if not, then congrats.
Looking at the monthly logarithmic chart of the S&P 500, this chart reflects what would happen if we had a repeat of 1987. Heading up to October 1987, there was a straight line run up of approximately 2 years, then a crash to the 0.5 Fib line quickly in 2 months, where the crash erased the gains of the prior 12 months. If we extrapolate the same scenario for the...
More of a forex and crypto guy but today the SP:SPX caught me eye for nice 2 month short to 2200. Ill update you guys as we go. If you would like a more in depth reasoning please feel free to leave a comment below.