Hello, hope your safe and on your guard in those difficult moments. My analysis on the Weekly Chart just before the Heikin Ashi candle close. Right now it doesn't look good. The tails like to be eaten, but let's wait and see how the candle will end. At this moment the look that he want to reject it. The most concerning things for me is the break down of the EMA...
Pattern: Channel Up on 4H. Signal: Bearish as the Channel made a Higher High exactly on the 4H MA200 and near the 0.382 Fib from ATH. Target: 2550 (the 0.382 Fibonacci from today's High and right below the 4H MA50 which is on the Higher Low trend line).
Pattern: Fibonacci retracement on the 0.382 level. Signal: (A) Bearish if the 4H MA50 is crossed, (B) Bullish if the 2650 Resistance breaks. Target: (A) 2200 (just above the 2180 Support), (B) 2790 (0.5 Fibonacci and MA200 contact).
Pattern: Channel Up on 4H. Signal: Bearish as the pattern made a Lower High just above the 4H MA50 as on March 04. Target: 2200 (right above the Support). *NOTE: if the Resistance breaks, the trend may to 2700 (first Gap).
SELL S&P500 ENTRY 1 2424 ENTRY 2 2432 SL 2448 TP.1 2402 TP.2 2386 TP.3 3358 Tp.4 3328
Pattern: Channel Down on 1H. Signal: Bullish as the price made a Triple Bottom and Lower Low on the Channel Down. Target: 2600 (+10% rise as per the previous Lower Low).
S&P500 BUY LIMIT ENTRY 1 2698 ENTRY 2 2686 SL 2654 TP.1 2720 TP.2 2764 TP.3 2828 TP.4 2900
S&P500 BUY LIMIT ENTRY 1 2938 ENTRY 2 2868 SL 2800 TP.1 3068 TP.2 3138 TP.3 3268 TP.4 3338
Pattern: Rebound on the 2850 1D Support. Signal: Bullish as the recovery has already reached the 0.5 Fibonacci level. Target: 3190 (the 0.618 Fibonacci). Every prior rebound on recent sell-offs has extend to the 0.618 Fibonacci.
ENTRY: 2895.00 TP: 2860 TP2: 2830 TP3: 2800 SL: 2930 Chart time frame - 1D Time for reaching TP - 1-3D Follow, Like, Share or Comment Thanks on supporting! All best!
BUY LIMIT S&P500 ENTRY 1 3014 ENTRY 2 3006 SL 2980 TP.1 3054 & TP.2 3106 Tp.3 3154 & TP.4 3206 TP.5 3254 & TP.6 3306 Stock market’s 6-day drop flirts with fastest slide into correction territory since 2008 Another sharp fall for U.S. stocks on Thursday pushed major indexes into correction territory, marking a drop of more than 10% from all-time highs. Here’s where...
Pattern: Channel Up on 1W. Signal: Bullish as the index is close to the Higher Low zone (green triangle) of the pattern. The 1D RSI is also on the multi-month Support Zone. Target: 3390 (just below the 1D Resistance)
TVC:SPX TVC:SPX TVC:SPX This could very well just keep on going, but imo its time for some correction first
Pattern: Rising Wedge. Signal: Bearish if the Higher Low trend line breaks. Target: 3,170 (potential contact with the 1H MA50) and 3,135 (potential contact with the 1H MA200).
SPX500 SELL LIMIT ENTRY 1 3099 ENTRY 2 3103 SL 3107.79 TP.1 3094 TP.2 3089 TP.3 3083
I thought I’d include a little oped and some political analysis seeing as how that is part of my expertise & biggest passions. This publication was intended to be made at the start of the market open but I got wrapped up in this circus called life; C’est La Vie. The SPX 500 index is shattering all analysts expectations as Trump did say we would ”Win...
SPXUSD(S&P500) SELL ENTRY 1 3072 Entry 2 3074 SL 3077.19 TP.1 3064 TP.2 3058 Tp.3 3054.50 Tp.4 3047
S&P500 sell Entry 1 3061 Entry 2 3063 SL 3066.30 TP.1 3054 Tp.2 3048 Tp.3 3040 Tp.4 3033