grey chart is last march
purple chart is today.
last year we saw a nearly identical pattern to end march with a little sell off, before resuming a very powerful uptrend.
curious if we'll see the algos repeat history this time around.
i'm quite bullish, but when both vix and spy stay green all day - that's a red flag in my eyes.
stay cautious, just in case.
The price is following an uptrend based on a support line that has existed since November 2020. Despite several false breakouts, this line is a strong support for the price. The upper border of the trend is the September 2020 resistance line.
There also was a false breakout in February this year, but after that the price was able to fall from the line. Over the...
S&P500 has entered a new bullish cycle and is now in the 1st motive wave. After reaching the resistance price can retrace back into its 2nd corrective wave and possibly reach back the previous support before heading into new highs with the 3rd wave. This is the most likely scenario that can have place. Get ready for the upcoming week so you DON'T miss the Long...
Suez Canal is actually out of order.
So the containers filled with US-Bills cant move their way.
We need to set a new course.
Target is a route 10% lower from now. Suez now sucks 450.000.000$ each hour out of economy!
Good luck guys :D
www. aiart. one
Pattern: Bullish Megaphone.
Signal: (A) Buy if after the 4H MA50 break-out (blue trend-line), the level holds (as on Feb 02 - 04). If it doesn't, (B) sell towards the lower (-) Fibonacci extensions (as on March 01 - March 04).
Target: (A) The 0.5 Fib (rough estimate 4040). (B) The -1.5 Fib (rough estimate 3800).
** Please support this idea with your likes...
After a year of phenomenal growth of stocks, commodities and assets we have made it to the crossroads.
We will see more growth or is it time for a (temporary) cool off period and will major investors bring their money to a safer place?
The opposite is true for the DXY, is it time for a bullish DXY for the short, mid term or was is this the last glow of the...
The dollar index shows how strong the dollar is compared to other currencies in the world.
When the DXY goes up, stocks, commodities and crypto go down and vice versa - this is simply because the dollar outperforms assets.
The DXY has been bearish for a long while which created inflated prices for assets and thus bull markets but now the tables have turned.
We...
To understand if the BTC pump is holding we look at the S&P500 which is also looking bullish!
Check the chart for the M and W patterns and targets + check the chart linked below for BTC targets.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
SPX started the retracement on the 22 of March, many head and shoulders patterns were formed on the chart. although I don't trust H&S patterns, but there are multiple confluences confirming the retracement. last confirmation just happened this morning with price being rejected multiple times whenever trying to go higher (and I mean really rejected with long...
After a lot of contemplation, I think this is what we're going to see.
We have a very clean back test of the bearish channel - and we've a clear algo target sitting over head at 4068.50
What we have here on a larger degree is an irregular flat... Which is a 3-3-5 correction
-Wave A was a w-x-y for the initial "covid crash" last year.
-Wave B is what we're...
I explored almost all my knowledge to prepare this GREAT S&P 500 chart for our TRADING VIEW mambers
The index is in 4th Wave of GRAND SUPER CYCLE. usually 4 th wave will be a simple FLAT. BUT due to QE by FED and Artificial liqudity by Policy Makers , the impact of ressesion (wave...
