The chart says it all the 23&382 @ 3820 & the first week of 2021 close. Only time shall tell 🅿️
Failure to hold yearly range near 4250, we then go south to test highs of May 4230's.. Our weekly support is around 4200, that fails to hold and we see 4150 keep in mind there is always lower, for example the gap near 4015 on the 1W chart..
$ES1! $SPY $SPX Key Levels, Analysis & Targets I will be looking to get back in on the weeklies, because that has been working out… but we shall see how this opens and hopefully I have a way in… any drop in vix at all and I'll be trying to jump in I’m also holding many puts out in April, which I also will be looking to take profit on soon and start positions out...
The SP500 is in a downtrend on a weekly basis as price continues to trend below the 50-week price average. Almost every time that the 50-week average fails to act as support, price falls to the 100-week average which currently rests near $3920, or roughly -8% lower than current price at $4260. Should that fail, the 200-week average would be the next area to...
I've indicated area(s) of ascending and descending support and resistance for the week ahead. Please note, areas are indicated on a daily chart for Monday, 3/7/22 and will adjust according throughout the week. When price settles above an area of resistance, that resistance should then serve as support. When price settles below an area of support, that support...
Could the decline from all time highs be a leading diagonal.
The Triangle could predict the next move lower on Sunday night.
ES1! ES1! SPX500USD 2022 Mar 07 Week Last week's long on test and then short toward the test of 4290 worked well. Market showed topping, if 4290 is broken, market may reach for lower levels, presenting a short on retracement opportunity. Weekly: Average down up bar closing in middle = indecision Daily: Average volume down bar closing in middle =...
I'm predicting a sharp lower opening on Sunday night and new lows on Monday and maybe extending into Tuesday but then quickly reversing. The B Triangle is like a spring that should cause a gap on Monday morning.
The ES has been in a trading range for the week. We went up from the low of 4100, a spike and channel pattern. Looks like the market will go up first before the drop if it ever drops again. Connect the two lows (Jan 24 and Feb 24), we can see the Feb 24 low is higher than the downward channel, more likely a wedge. So if the market did drop to 4000, my theory is...
good evening, i shared this little idea the other day via: found some pretty nice demand today at my target, and i do see a high likelihood of follow through in the week ahead. similar setup to btc in a way, which is nice when both markets line up like this. Wave B target = 4578.50
An update of my first published idea with trend lines since 2008 and the actual EMA´s and SMA´s to match them So the 50EMA was breached in the weekly for the SP500 so the next stop is likely to be the 100EMA... Trend lines could help you see "THE BIG PICTURE" over the years from past support & Resistance levels to make your own conclusions and analysis This is...
Although we had positive fundamental economic data in the United States with 670,000 jobs added in February greater than the expectation of 400,000 and the unemployment rate dropping to 3.8%, but the Ukrainian situation is still dominant in the market and we saw downward pressure in the S&P 500. Because of the shadow on the bottom of Friday's action in the shadow...
im confident on the abandoned baby/bullish doji daily theory, and i think we may be seein a similar pattern now to the one i have circled in oct '21. if we continue off of oversold bullish divergence and cross the vwma getting a long entry in qqe then this market is a buy. we may gap up and trade upwards on monday. if we treat that average as resistance qqe will...
I think we've already started the accumulation phase of a market turn. I think this COULD in theory lead to a second leg similar to the one that started in the middle of 2020. I still think we're in a large Wyckoff Cycle, and we're about to have buyers drive price toward 6000 before a 45% failure. Then just trade up and down in that same crown top, typical of this...
all you need to know is in the chart look closely and make your position smartly this is just my idea and not a financial advice
here are the technicals for the monthly chart. indicators showed bearish crossover but also showing bullish divergence over longer term. Higher highs with higher lows on RSI monthly chart. indicators are bullish except on weekly with possibility of monthly bearish crossover in the making but has not yet done so.