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...
EIGHTCAP:SPX500 As we can see a new uptrend is forming on the EIGHTCAP:SPX500 We can see that price has broken structure forming it higher high and has come back to retest that same area and also showing signs of rejections at that area so we could be looking for possible sells around that area, but if price pushes below and closes below that area we...
We have showed you this multi-year Channel Up on the S&P500 index (SPX) before. We have shown you the Lower Lows Support of the 2M RSI that has caught all major bottoms since 2016. What this chart shows is that the index has bottomed on the Channel's Higher Lows (a 13 year trend-line) and is basically on an accumulation phase before the new rally begins. The...
The S&P500 is on a medium-term correction following the February 02 rejection just below the 1W MA100 (red trend-line). The long-term pattern is a Cup formation and the price is approaching its buy Zone. Right now though it sits on the Higher Lows trend-line that has formed the medium-term Channel Up and is an ideal buy for the long-term, with limited downside....
It is more than a week ago that we called the exact bottom buy on the S&P500 (SPX) index: Our first target (4050) has been hit and the 'Powell pull-back' is giving us a new opportunity to enter. As you seethe 1D RSI rebounded exceptionally on the Support provided by the December 19 Low and what's left now is only for the 1D MACD to make a Bullish Cross and...
Last week we have made clear our short/ medium-term view on the S&P500 (SPX), calling a buy on the exact bottom of the Channel Up: It is time to look again, as we normally do on a monthly basis, on the bigger picture, looking at the 2D time-frame. The Channel Up is clear and so is the Resistance on the 2D MA200 (orange trend-line) which formed the previous...
The S&P500 index (SPX) is trading between its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) ad the long-term Channel Up pattern that started on the November 03 Low is attempting to price its new Lower High. Based on the symmetry provided by the 1D RSI that is on the 39.00 Support (Dec 19 and Dec 28 Double Bottom), the 1D MACD and and 4H Death Cross...