I have been waiting for this decisive moment for a long time.
Please refer to my chart for consideration.
This is not financial advice
Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
All three US major averages finished the week in the green, with each posting its best week since November 2020 as fears of the short-squeeze in a handful of stocks leading to broader market contagion subsided. Investors will be focusing on earnings and the prospects for a hefty new coronavirus relief package in the week ahead. Markets will also be watching the...
Pattern: Channel Up on 1D.
Signal: Buy (a) if the MACD makes a Bullish Cross (every prior 1D Bullish Cross has delivered an extreme rise), or (b) if the RSI approaches its Higher Lows trend-line.
Target: (a) 3880, (b) 3800
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SPX continues to trade within the Channel Up that I previously spotted and right now the keys are a certain Fibonacci sequence as well as the MACD formation on the 4H time-frame.
As you see the MACD is printing a similar formation with November 23 - 26. That was when S&P500 made its aggressive Bullish Leg from 3545 to 3655. It made its top on the -0.1 Fibonacci...
Pattern: Rising Wedge within Channel Up on 4H.
Signal: Buy as the price found support on the 4H MA50, which has been holding since November 23. If the Rising Wedge breaks, buy near the Higher Low of the Channel Up.
Target: 3720 (just below the -0.382 Fibonacci extension like every previous Higher High).
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Pattern: Channel Up on 4H.
Signal: (A) Buy either on the Channel's median or on the Higher Low trend-line or if the 3675 Resistace breaks first. (B) Sell below the 3545.
Target: (A) 3670 (just below the Resistance). If 3675 breaks target 3710 (0.5 Fibonacci extension). (B) The 4H MA200 (orange trend-line).
Previous S&P500 trade:
Pattern: Higher Lows on the 4H chart.
Signal: Buy as the index rebounded not only on the former Lower Highs trend-line (dashed line), but also on the newly formed Higher Lows trend-line.
Target: 3660 (just below the 3675 Resistance).
Recent S&P signals:
A look at the S&P 500 that is currently trading is a bear flag looking for a break below of the structure, the index rallied up with the bull and was bound to correct this move to complete that big gartley pattern so previous swing lows will be our targets and guided by the fibonacci levels a break above of structure will change the whole trading...
Since the September 03 Top (All Time High), S&P500 has entered a volatile pattern in the form of a Triangle. The major drivers of this weakness have fundamentally been the U.S. stimulus being delayed and then the elections.
Today the Lower Highs trend-line of this Triangle is being tested. If broken, I expect the 3590 Resistance to be tested, with an extension to...
welcome to a new free trading-setup.
This is meant to be a preparation for you. As always we will have to wait for a confirmation!
Identified lots of buyers with the retest in market-depth but market overall very shaky!
Low risk and aggressive management or stay out! Market very tricky!