Hello everyone
I know if I show you this time frame it might be possible that some of you criticize me but it is my wavy and I always get good views for my next months.
One important thing is that all technical and elliott rulse are becomes more reliable as long as you go to higher timeframes.
In this chart, we are in a break out candle (I named it) that will...
The S&P 500 Index has been edging lower for nearly a month, accompanied by a rise in volatility. From its all-time highs in late March 2024, the SPX has declined about 5.6%, which begs the question of a rebound. Interestingly, this week, several big names, including Alphabet, Meta Platforms, Microsoft, and Tesla, are reporting their earnings for the first quarter...
everything in order, harmonic impulses, fibonacci levels in the norm with support in the 4816 area, which falls both in the 038.2/0.5 fibonacci area and in the POC. where last time he found support to restart.
minimum price target 5600 obtained with fibonacci reversal up to 6165 as maximum target, the shadow of the candles is a retracement of the last bullish...
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Here are the actual #'s for you to see the 2024 Wall Street analysts forecasts on the chart. Once those are charted in the black rectangles at the year-end price targets, we can see where there are concentrations of estimates and where investors might pause and sell as the target has been reached for the year.
And then I added in the 9% and 10% green lines to...
Hello everyone
(an update for my last idea of SPX)
I do not agree that SPX rally has been over and and this correction is the start of a reversal trend although I accept every surprise in this market.
One of tricky ways that most of traders chose is to walk in the middle line and talk about both bullish and bearish scenarios in the same time.
It really works for...
Two years after my last big short on SPX, the price has once again reached the top of the ascending channel. Based on this scenario , the expectation is that SPX will peak within the next two months , around early May 2024.
Initial target 4,800, stretch 4,400
Incidentally, Bitcoin appears poised to surpass its 2021 all-time high, during which Bitcoin peaked...
Fairly self-explanatory here. SPX should bounce, then see another pullback in the first 3 weeks of May. If we break and hold below 4945 in April then there is a chance for accelerated selling and I will need to reassess. Let's see how this path tracks.
S&P500 is bearish on its 1D technical outlook (RSI = 37.601, MACD = -44.800, ADX = 58.528) as it touched the 1D MA100 on Friday after more than 5 months. This calls for a short term rebound at least as every previous corrective wave inside the multi month Channel Up that approached the 1D MA100, it rebounded to at least the 0.618 Fibonacci level. Following our...
Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more).
Simplifying the complex is the key to...
Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets.
The Current S&P 500 price is 4320.05 as of 24 September 2023.
The S&P 500 have potential to drop to 3900 to 3850 range in the coming 1.5 months before the Fed's FOMC in November 2023.
The price will hover between 4618.28...
Hello
I have decided to share this chart as simp,e as I can because I just want to mention its markings.
There is an alternative counting for this charrt that say this last upward trend was wave 5 (Primary) and then bearish market will start.
I do not want to be dogmatic but it is not so possible because :
- wave 4 primary corrected more than what I can accept it...
Hello traders!
‼️ This is my perspective on S&P500.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement and then rejects trendline + S/R zone + FIBO 0.618 level.
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Please, check our technical outlook for SPX.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 4966.93.
The above observations make me that the market will inevitably achieve 5113.40 level.
P.S
We determine oversold/overbought condition with RSI...
Spx now is at 5153 it could continue to go up till zone B ( 5202-5221) then continue to fall to zone c
For short entries wait until reach zone B
Trade is activated
If SPX continues to raise 5240
This trade is canceled
Hope you all get rich soon
Hi Traders. Using different TA such as Fibs, channels, and EW, I show where the SPX could test the bear trend upper trendline tomorrow especially if we get cooler inflation with the PCE.
