The situation with SP-500 is very similar to the situation in 2008. After the strongest correction had happened.
We had updated the new peaks, and only after that, the index began its falling.
Best regards EXCAVO
Price at resistance, break to the upside is a buy signal. Wait for the break and target the highs. Potential resistance at round number 3200.
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As we make our way back up the S&P500 we can clearly see that we are approaching a strong key level.
We await price action to determine whats next for this Index. We could possibly experience a slight reversal before eventually breaking this level in the short term.
A break above would see bullish continuation.
Exercise proper risk management :)
I understand the whole "pump-trump" meme and that stinks only go up and such but that was funny months ago, now it's kinda old. That being said, there are some pretty good technicals to take int oconcidration regardless of what side your'e on. This is compelling for bulls, but SHOULD these prices break--with so many confluences in the bulls favor-- expect bears to...
Pattern: Channel Up on 1H.
Signal: Bearish as the price got rejected on Resistance 1. Bullish where the Higher Low trend-line crosses on the Support 1 & 2.
Target: 3,168 (Resistance 1) and if broken then the Resistance 2.
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Most recent S&P...
Main items we can see on the chart:
a) The price has been correcting for 24 days
b) Currently, we can see that the most external lines of the correction are about to be broken
c) Based on that, if the price breaks above 3170 we will consider it as a bullish confirmation for the new motive wave
d) Our Target for this movement is the Double top with the...
To win the next election of President Trump. need to see new highs before November 3rd.
And he will do anything for it.
In fact, he has already done everything for this.
The Fed included the printing press without restrictions. The interest rate is 0. And all this money will not go to the real economy. Most of the money will go to financial markets, what we see...
You're speculating at record highs. The Fed's balance sheet declined for the second straight week as of Wednesday, by $12 billion to $7.1 trillion, as more foreign central banks declined to renew maturing currency swap agreements.Total liabilities for all commercial banks have ballooned to over $18 trillion or 83.7% of GDP. Without buybacks rushing through the...
S&P500 is trading within a Triangle on the 4H chart (RSI = 53.651, MACD = -10.000, ADX = 26.709). The price is now testing the 4H MA50 and if broken we expect it to reach the Lower High trend-line. The RSI broke above a 20 day bearish trend-line so we are expecting a break above the Triangle towards the 3,168 Resistance.
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Here's an update of the Shiller index which I formulated in the chart above with longer term timeframes to show the breadth of the situation. The U.S. equity market now appears "cheap" to many--the ones who have named this so called "V" shaped recovery in the U.S. equity markets, however it's important to keep context in mind when looking back at a decade of...
This chart comparison displays the S&P index with AMAZON (left) and without (right). The sole purpose is to highlight the big impact that AMZ has during the recent weekly rally after indices made a bottom.
As you see with AMAZON, S&P has been rising continuously since the March 23 bottom while without the weight of the pandemic-proof stock (since its on-line...
Main items we can see on the chart:
a) The price is above a significant Support Zone
b) Currently, we can see a corrective Structure on it
c) we forecast that if the price breaks the Structure, a new bullish movement will come towards the next resistance zone
d) If you are looking to develop setups on this Analysis, we will only do it after a clear...