Possible short , after a bos and pullback to th 1hr ob, & we also have support turned into Resistance on the level. Sl above ob and targeting the lows or 1hr ob
My weekend update is a day early, I will update those who are on my list with a bit more details on shorter time frame view tomorrow.
We are in a bear market and those 5500 callers got destroyed all the way down calling every bottom from Jan.
This is my long term view and I think we have bottomed here today or super close to it!
I got targets for the potential...
This idea i posted in my channel on Friday, i Entered at 4098 and hit my TP2 at 4167. I believe we could find another entry around this region.
Here is my analysis for S&P 500
SP:SPX
I have marked out step by step how i have come to find a long position on S&P500 .
Price has broken the previous LH and created a new HH which has BOS.
There is a key level of...
Two periods can be observed on the RSI for SPX on this 3Monthly chart
A downward trend which correlates with a sideways move on the relative timeframe
And a small uptrend that correlates with sharper growth on the SPX, these begin within the green circle
These green circles show very comparative structures, however one is during an up period, while the current one...
The S&P500 index (SPX) has been trading within a Channel Down ever since the January 04 2022 All Time High (ATH). Recently (May 20) it hit the Lower Low (bottom) trend-line of the Channel for the third time (Jan 24 and Feb 24 the others) and rebounded reaching the first Fibonacci extension (0.236 Fib).
Perhaps even more important than the dynamics that a rebound...
Right now we are experiencing the early stages of a big breakdown on the SPX
I say this based on the formation provided, which has even been produced on a smaller scale for observation on the SPX chart
A break down like this will be disastrous, but not the end of the world
The formation provides bottom points along the dot come bubble, 08 crisis and what is yet to...
SPX/USD Daily cautiously bearish. *Amidst slowing economic growth and rising inflation Janet Yellen , Ben Bernanke and various economic pundits are vocalizing their concerns for prolonged stagflation in the short to medium term -- this and weak economic data from China (primarily due to lockdowns) is fueling broader fears of the Federal Reserve potentially...
SPX/USD Weekly cautiously bearish. * CPI continues to go up since April 2020 (and for some commodities like bread, milk and oranges since mid-2019), Finland and Sweden officially apply to join NATO , the Fed remains committed to increased funds rate to ring in inflation, mid-term elections in the USA are underway and Republicans currently have a slight lean ,...
When all the doomers & gloomers wake up from their wet dreams and reality sets in, the bull market will just be ensuing, as per usual projections...
I doubt it much, but if we see another big decline 3400/600 area is imo the UTMOST lowest level this market might reach...
monthly closes below 3400 and the bullish scenario gets invalidated!
On last week's analysis on S&P500, we called for a pull-back targeting 4400:
The target has now been hit and as the price hit both the 1D MA50 (red trend-line) and the 4H MA200 (orange trend-line), the conditions started to be fulfilled for a rise again. The fractal that helped me identify the incoming correction to 4400 was the one in November 2021, which...
S&P500 print a Head & Shoulders pattern last week and naturally dropped below the 4H MA50 (blue trend-line) for the first time in two weeks (since March 15). The pull-back is now neutralized and we see today a bullish reaction. This rise can be temporary and even though a test of the recent High is possible, it is more likely to see in the medium-term a test of...
The S&P500 index just made an important move today, by closing (even marginally) a 4H candle above the 4H MA200 (orange trend-line), for the first time since January 13 (practically the start of the correction).
So far it appears that it is following the fractal pattern I suggested at the start of the month with high precision:
As you see, the only barriers...
On the Weekly chart it can be seen that the wedge pattern is respected with three down waves
The same pattern arose on the Monthly timeframe, yet a third wave is absent, and bullish continuation was the result
Thoughts?
The price action of the S&P500 index on the 1D time-frame since the January 04 2022 Top (left side), is so far very similar to that of September - mid October on the 12H time-frame (right side).
In both cases, there is a Lower Highs trend-line involved from the top, the MA50 (blue trend-line) providing Resistance, as well as a break below the MA200 (orange...
SP500 on the 3d chart creates a possible Head and shoulder pattern at the top of a long bullish trend.
After the left shoulder, the market forms the head with a double top over the monthly trendline at the 4800 melt to the support.
The price then reacted at the support area and tested twice the resistance area at the 4590 level creating the right...
