The S&P500 index (SPX) hit last week our long awaited 4190 target, a level we set 2 months ago (see idea below): That trade was taken right before the 1D MACD formed a Bullish Cross, the 2nd within the long-term Channel Up pattern. Last Thursday, the index completed the 3rd Bullish Cross of the Channel Up and continues to rise within a shorter term Rising...
We have been so focused on the short-term Channel Up on the S&P500 (SPX) since March (see idea below) that we didn't publish any analysis on the longer term dynamics: This analysis offers critical insight on where we are with regards to the long-term/ Cyclical trend. One parameter that stands out is that the S&P500 index has failed on two occasions to break...
Almost 2 months ago and the S&P500 (SPX) hasn't diverged from our original idea, after buying the bottom of the 6-month Channel Up: We believe that looking into the 1W (weekly) time-frame again will help at giving a fresh outlook and technically the best illustration of the current situation. First we narrowed the Channel Up to the candle bodies and treat the...
The S&P500 (SPX) has had an excellent run following our buy call more than one month ago: Right now we see a Megaphone pattern in formation on the 4H time-frame and with the price above the 4H MA50 (blue trend-line) and with the 4H MA200 (orange trend-line) holding since March 29, we are targeting the top (Higher Highs trend-line) at 4200. If the price...
Pair : SPX500 Index Description : EXP Fiat in Long Time Frame as an Corrective Pattern and Completed " ABC " Corrective Wave Divergence Break of structure Completed " 1234 " Impulsive Wave EXP Fiat STF CHOCH - SMC
The S&P500 (SPX) has had an excellent run following our buy call more than one month ago: Yesterday though it flashed a sell confirmation as the price broke and closed below the Higher Lows trend-line of the recent Channel Up bottom. Both previous times this happened (December 06 2022 and February 17 2023, it was a major sell signal towards a new Channel Up...
This analysis is basically an extension of the study we published last week, explaining how the index is starting an aggressive expansion: Based purely on the 3W time-frame, now we have incorporated the Sine Waves to clearly display the cyclical buy/ sell pattern inside the long-term Channel Up that started at the bottom of the Housing Crisis (March...
SPX price chart has printed a bearish harmonic pattern along with a bearish divergence on RSI which indicates trend may reverse from bullish to bearish if the support level of 4060 is broken.
The S&P500 (SPX) has had an excellent run following our buy call exactly one month ago: The confirmation for the buy was given by the 1D RSI Bullish Cross. As the price is approaching the top of the Channel Up, which is projected to be within 4230 - 4250, we start looking for signals to sell. Naturally the 1D RSI giving the opposite signal (Bearish Cross)...
The S&P500 index (SPX) is trading on a multi-year Channel Up pattern that started on the March 2009 bottom of the Housing (subprime mortgage) Crisis. With all the talk lately on whether or not the index is out of its Bear Phase, this chart can offer great insight on the long-term trend. As you see, it shows that the Bear Market's bottom was priced in September...
The S&P500 index (SPX) has extended its rise since our buy call 21 days ago: The price is at the moment on the 4H MA50 (blue trend-line) for the first time since March 28. The Higher Lows trend-line below offers an additional Support level, with the last resort being the 4H MA200 (orange trend-line) below, in case the 4H RSI breaks towards the Green Zone....
The price has rejected from the potential reversal zone ( PRZ ) its is likely to reverse the trend from here . The price has made a bearish divergence here. Wait for the trend to make Lower highs and lower lows. Sell at the break of first LL.
SPX is near the major resistance level and a psychological level of 42,000. The market is consolidating on the daily timeframe . Notice, how the price pulled back from the resistance in previous testing. Price action created a bearish harmonic pattern . We anticipate further consolidation and a rebound. ------------------- Share your opinion in the...
The S&P500 has extended its rise since our buy call 11 days ago: We are slightly modifying the technical parameters within this Channel Up that started back in November as the 1D RSI broke above its 3-week Resistance and on the previous bottom fractal of late December/ early January that translated into a price Resistance rejection and pull-back short-term to...
The S&P500 (SPX) hit today the 4H MA50 (blue trend-line) again and the Higher Lows since the March 13 bottom. That was a bottom on the 5-month Channel Up and the best buy opportunity on a 1 month time-frame. With the 4H RSI sequence similar to the Higher Lows of the previous bullish leg in late December/ early January, we see SPX attempting to price the new Low....
Pair : SPX500 Index Description : Break of Structure Rising Wedge as an Corrective Pattern in STF and LTF with the Breakout of LTL and Retracement Divergence Impulse Correction Impulse Bullish Channel Consolidation Completed " ABC " Corrective Wave
As I explained before, I don't think has turned bullish and the 4200 zone should offer great resistance. Indeed, from that zone, the index has started to drop, and although we have had a mini up trend in the past 2 weeks or so, the rise is anemic and clearly corrective. Yesterday's strong bearish engulfing could announce a new local top and lower high in place and...
The S&P500 index (SPX) is on a 1 week rebound following the March 13 Low which was made on Support Zone 2 and is so far on the bottom of the 5-month Channel Up. All candles have closed inside this pattern and as you see so far every bearish and bullish wave follows similar structure as the previous one. We are near the best buy signal since January 06 as the 1D...