The SP500 price market sentiment still bullish without corrections.... any surprising news could change the trend if dont breakup the price record resistance... the channel indicates support levels for any corrections.
spy looks to be heading to this local 1.618% extension of sub-wave 1 to confirm the first wave 3 impulse after that tedious correction from last month.
its in a series of 1-2's in my eyes, so i think we should see this melt-up continue until the end of this year.
originally my target was at around 4750, but i do think its set up currently to go...
The world leaders have begun to create a synthetic crisis. This crisis is far scarier - the energy crisis.
It is not an accident that coal-fired power plants in Great Britain were not just shut down or canned. They exploded it without any chance to rebuild. It gave the island 44% of its generation in 2012.
Britain is developing a plan to build a 3,800 km long...
Still a bull market?
I am shorting the market here.
This action is to protect our portfolio from any downside in the markets and is based on some patterns that we have seen. Many would believe that this bounce is a return of the bull market, but actually following Dow Bear Market Theory, this bounce is within the rules before a further move down to take out our...
My most recent analysis on S&P500 was 15 days ago, when I talked about why the Bearish Ichimoku was in fact a bullish signal:
As it turned out, the signal was accurate and SPX made a bottom on the Higher Lows trend-line of the Channel Up and rebounded. In...
Today, we will take a look at the S&P500 Index on a quick review.
The price has been on consolidation for more than a month. A few days ago, it made contact with a relevant dynamic support resistance level where we saw a clear rejection. If we have a bullish perspective on this, assuming that what we are looking at on the chart Is a regular correction during a...
as es blew through all of my targets for the beginning of a new bull case, all of my indicators are flashing a sell as it approaches this corrective target at 4481,
i've gotta lean slightly bearish up here - just to be safe.
we still have a very possible scenario of a larger W-X-Y into the larger wave (4).
potential wave c of wave X...
when the herds turn bullish,
just press the buy button, and don't look back.
as es exits the bear channel on this fine morning, it is looking ripe for a full blown melt up \ blow-off-top \ mania phase to end this year with a 💥💥💥
my final upside target for that last fifth wave is at around 4769, but it could easily push 5000 if the conditions allow for it to...
i was just looking through some of the communities posts, and i came across a post from @samitrading
you can view it here 👇
i've modified it ever so slightly ~
i think this is a very compelling case for a prolonged corrective phase, and...
S&P has been trading within a long-term Channel Up ever since the aggressive rebound straight after the November 2020 U.S. elections. Today the price just hit the bottom (Higher Lows trend-line) of that Channel.
There are two high probability scenarios arising after September's pull-back:
a) This pull-back is similar to late February - early March 2021 (both on...
The yellow and red lines mean: I think prices can return in these areas.
blue lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
The index returned behind the support level and is currently trading in a long zone, above 4387.
I look forward to consolidation above the level and growth to the nearest resistance at 4425
Share your opinion in the comments and support the idea with Like.
Thanks for your support!
The price is trading above 4417 and continues to actively recover after a strong corrective fall on the back of negative economic news. I look forward to growth to resistance. My target is 4454
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
i don't think spy falls before labor day - so we may have a few more days up here before a total melt-down phase.
talked about this target in my previous post via:
spy loves that 1.75 algo target, it is the only asset i have seen which continually hits this target. (i actually have a...
Today we will take a look at PLTR.
a) The price is inside a range since March 2021. The support and the resistance zone define this range.
b) There is an accepted idea that the expected target of a range breakout is its length above or below it. Using this, we can project a minimum target on the yellow arrow if we have a bullish breakout. However, if the...
Consider this post somewhat of a cautionary tale, one for the archives which will be re-opened once upon a time by any of those who seek.
This is a twelve year tale about a market which some would call out of control. Though, it has been structurally in tact and very algorithmic beyond my current ability to put into words.
Every single piece of data which has...
Impulsive move up: check.
Consolidation period: check.
Now we wait for the break of the counter-trendline / break of structure and hop in the trade.
Lets grab some cash here.
Have a good day!