Hi Traders, Not much change from yesterday's idea. same levels to watch
Hi Traders, On daily timeframe market is still looking bullish minor pull back but it should HOLD 417 level, Jackson Hole Symposium starting Thursday. we might expect some volatility in the market
Hi Traders, From last 2 days market is in range, watch out the support zone of Friday and 200 SMA resistance. Market future running negative right now we might some change when EURO market will open, Happy Friday !!
Hi Traders, Market is in range bound from last 2 weeks, Future us running negative at this stage but we might turn GREEN when EURO market open. Watch the support level 323.33 and Major Resistance 335.63.
Hi Traders, After getting 200 SMA rejection SPY facing some pressure and some other Macro news not helping the market. SPY can test the 423 and 420 level. Be patience for the trade, market is very choppy from last few days. Watch the premarket low and high as support and resistance.
If you ask me we, will bounce back to the bottom blue regression line. Stay tuned for both scenarios - short and long. Key Points: 👉S&P 500 Main trend is DOWN. 👉Touching top orange regression line. 👉Seems S&P 500 will bounce back down from the top regression orange line to the blue bottom regression line. Note: Indicator is Pivots Points Algo - bare are...
Our long term trend model for ETF investments moved to a buy signal two weeks ago and remains solidly bullish. ETF investors should be invested by 50-100%, pullbacks of the major US market indices can be used as low risk entry points. If you are still in 100% cash, I would look to add 25-50% on pullbacks in the SPY. With that said, the current environment for...
I am trying in this analysis to figure out the price movement of the ES futures in the coming months Using the Bollinger Band as a simple tool to analyse I am basing this analysis on previous price action and its relevance to the current place of price on the chart. We are revisiting the 20 WSMA and a significant supply zone on the price front. We could see some...
SPY reached the middle (red) of the pitchfork line which is a likely point of bounce (and it already bounced off a bit from the line). On the higher end SPY reached the same width of the pitchfork channel (a little over). The red circles show the top and the bottom.
The short played out well but now but now going to play the rotation back up...mean reversion!! We should get a 2.8 R if it plays all the way to 33000. Entry is buy stop @ 30253.
In today's post, we will compare the current correction in S&P500 with all the similar corrections that happened since the beginning of the bull market in 2009 (the bottom of the 2008 financial crisis). Why are we doing this? Because in the market, no situation is completely new, and by understanding similar situations in the past, and the following...
Traders, I want to go over a few items that should remain on our watchlist this week and where the indicators are leading me. I will also give an update on how Stewdamus 2.0 is coming along. -Stew FED Events 🏛 🇺🇸U.S. ECONOMIC DATA THIS WEEK: *MANUFACTURING PMI (TUES.) *SERVICES PMI (TUES.) *NEW HOME SALES (TUES.) *DURABLE GOODS ORDERS (WED.) *FED FOMC...
At the breaking point of lower part of the downward chanell. Can see a good upsurge to the top of the channel or a breakdown toll 16250 atleast depending upon the volume and g;oba; scenarios
expecting more downside lower than 666 to complete wave 5 of (A) of ((4)), critical level at 1149.91
It seems ti is going to be big gap down and highly volatile monday for S&P 500... be careful and cautious.. VIX is already 13 % up.
expecting a decline to the 0.382 Fibonacci retracement of wave ((iii)) at 3947 then a reversal to a new high in wave ((v)).
The S&P 500 has found support following the gap down candle on April 5th. The 200 simple moving average has been holding price up for three consecutive days. Price is now forming an unconfirmed bullish flag formation, which will be confirmed if the recent high from March 29th at $4637 is broken. The recent move has been bullish from March 14th but price is...
the last stage of the impulse structure that started from march 2020 is about to end, looking for wave 5 to end at 39k level, the alternate scenario that wave 5 of (3) is wave 5 of (5)