On Friday, the S&P 500 in the last part of the session began to fall with some force. And today, we have seen that it has fallen and opened below the support zone at 4.998
The question we have to ask ourselves is: What does this mean? Does it mean it will continue to fall? Has a roof formed?
Last Friday, the options contracts expired. This meant the...
Chart is self-explanatory:
Confluences:
Deep Crab PRX
Top of the Parallel Channel
1.618 of the move from 4612 to 4100
Bear Div on RSI if We get a move down in coming weeks
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Everything on the chart.
Previous scenario with leading diagonal was invalidated,
I switched to an alternative scenario that we formed wave ii in the form of a flat (3-3-5) and now I am waiting for continuation of growth, with a...
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
My Main scenario that we forming leading diagonal,
where right now we're in wave of iv,
after that i will wait final upward movement in zone 4200-4300 before starting correction.
Good luck everyone!
Follow...
After the break back under 4k, SP500 started to consolidate and is trading in 100 points up and down for almost 3 weeks now.
The overall trend is bearish so a down break could be next. In such a case, the recent 3.5k low is exposed. This scenario has a negation above 3950.
On the other hand, a break above the resistance of the range could lead to some gains and...
As the title says, SP500 is drawing a very nasty bearish picture.
We can see from the posted chart, that after the low from mid-June, the index started to reverse, and once it has broken above 4100 horizontal resistance I was inclined to think that the correction that started at the beginning of the year is over.
However, after it reached 4.3k zone resistance...
Was inspired by @cryptocarlsontrading who made a very compelling 1W short case here:
www.tradingview.com
Wanted to build on that with my own 1W breakdown.
As a swing trader sometimes I get caught too much in my 4h world and it can be very instructive to zoom out and see the bigger picture.
After doing this exercise, I'm even more convinced of the coming June...
Alrighty, long term I'm looking to build some kind of SMA trend and volume analysis model that could provide useful signals based on the angle of the trend lines and the POC and this is the start.
Like if you wish to support my work!
10 & 50 moving in parallel about ~7 degrees below the 200.
100 moving ~15 degrees below the 200.
POC is converging beautifully...
![SPX: [SPX 1W Trend Analysis] Oh Boy... This Looks Much Worse](https://s3.tradingview.com/1/1JROFtrb_mid.png "[SPX 1W Trend Analysis] Oh Boy... This Looks Much Worse")
![SPX: [SPX] SMA Trend Analysis - Beautiful 10 & 200 & POC Convergence](https://s3.tradingview.com/g/g4bOSryL_mid.png "[SPX] SMA Trend Analysis - Beautiful 10 & 200 & POC Convergence")
