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...
I think the technical chart is like a galaxy, and the easier it is to look at it from a distance.
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...
This is a bit of a quickpost because the main thesis, that the S&P 500 is in a bear trap, seems pretty apparent from a charting approach. The price action to negate the theory is pretty simple as well, if price action gets back on that purple trend line and above the 2 fib level the bull trap is defeated. Instead I am going to look at some long term targeting...
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...
The last break-out trading plan I posted for S&P500 worked out well enough as it failed to break above the 1D MA50 (blue trend-line), so no longs taken, but it successfully broke below the 1D MA200 (orange trend-line), which was the break-out signal for shorting: If you took that sell, it may be a good idea to book the respectable profits gained now, despite...
Everyone is waiting on the open like hawks to a prey question is what direction will we take in the weeks ahead could this WWIII be a hoax like covid? or could this be the real deal that wipes the slate clean... AMEX:SPY SP:SPX AMEX:VT AMEX:VTI AMEX:VOO AMEX:XOP AMEX:XLE AMEX:DBA AMEX:XLF
S&P500 has recovered more than 50% of January's strong correction as today the price hit again the 0.618 Fibonacci retracement level. If it doesn't break, this is on the short-term a Double Top as the same High was made there on February 02. Technically, the 1D MA50 (blue trend-line) now comes in play as it is the major Resistance of this recovery attempt while...
FOREXCOM:SPXUSD Sell stop :4420 SL: 4500 1st TP: 4280 2nd TP: 4170 3rd TP: 4000
FOREXCOM:SPXUSD Entry Area:4420 1st TP: 4280 R/R: 1.75 2nd TP :4170 R/R: 3 3rd TP :4000 R/R: 5 SL:45000
Hi everyone, SPX is about to complet the C wave inside this Zig Zag ABC. Max wave 5 target (the 261.8%) fib is at 4500. It's a very clean pattern, impulse down in A, ABC in B and impulse down in C on the 100% fib. SPX is already diverging (bullish Divergence Class A on the RSI). The big question is what's next...? It can be 2 things now, a new higher high or the...
as long as November 2020 breakout area holds, $spx remains a long in the longer term picture!
Trend is up, price is stretched... as long as the Mid-Line in blue does not become resistance, we expect the decade long trend to continue up, towards the upper channel deviations around 6 and 8k. the areas to watch are 3930/3850/3730
I'm looking to go long in the blue box, stops below. Excellent risk/reward if it comes!
symmetrical and inversily symmetrical moves expected ... we are entering a phase when the easier money is beyond us on a buy & hold strategy, imo holders may want to book gains above 5k, wait for a correction and if conditions favourable, market stabilizing and not panicing - the scenario confirming then get long ago towards 5900, at 5900 more volatility...