ISHARES TRUST CORE S&P 500 ETF

IVV NYSE ARCA & MKT

Dr_Roboto

Pattern looks very similar. Let's see if we get a move up or down tomorrow to validate. And because I have a million different ideas on these charts. And one more

Dr_Roboto

Just trying to take a look at the bigger picture today. I see a nice rising wedge pattern off the March 2020 low. I also see a fan pattern that does a great job of defining both the important low and high peaks since 2017. 4h lcose up motive wave fib levels Just in case this week is...

Sunstorminvest

A Profit & Solutions Strategy

miguelocque

rising wedge pattern

Dr_Roboto

This is just purely informative. Just use them for reference in your charts. I hope it helps.

Sunstorminvest

iShares Core S&P 500 ETF IVV: Buy & Hold: USA A Profit & Solutions Stratgey

Dr_Roboto

MACD looks close to crossing over just like last top and maybe this ridiculous rally has almost run out of momentum. Got to fill those gaps.

Dr_Roboto

Just a thought based on past patterns. Maybe this is the end of the road or we could push a bit higher to meet the 3550 S/R line. FYI, there are several gap ups that need to be filled with a correction.

Dr_Roboto

I marked up some key trading channels for the S&P. March rally 2009 rally Note that on a multi year time frame linear regressions take teh form of a triangle. You can only see the 2009 rally linear regression in 1D time frame

Dr_Roboto

Note that it stopped at S/R line this morning. This is just a touch above the 0.618 fib level between recent bottom and ATH. Is it going to rally past and melt up or was this a last gasp before correction? Close up.

Dr_Roboto

See chart for details.

Dr_Roboto

See chart. Larger view

Dr_Roboto

Note the trading channel since 2018. There are many touch points over the last 2 years.

Dr_Roboto

Some critical trading channels over the last decade. I also found an interesting fib level pattern. May be nothing, but looks interesting.

Dr_Roboto

Notes some key trendlines, support/resistance, and FOMO areas. I also see one clear gap that has not been filled yet.

Dr_Roboto

S&P 500 in clear rising wedge pattern, which is a bearish reversal (see other examples in last few years). In addition, the S&P is just a hair under the major resistance trend line that S&P has not broken since 2011! I know the FOMO is strong, but all signs are pointing to a correction next week. I have also noted all of the other major FOMO instances recently....

Dr_Roboto

Updates to my previous ideas.

Dr_Roboto

Looks like a rising wedge reversal pattern indicative of a wave B correction, see Oct 2018. Note the massive momentum in the MACD and RSI reaching overbought level just like 2018.