S&P500 has made a strong rebound yesterday (big wick on the 1D candle) after reaching exactly as low as both the Higher Lows trend-line (dashed line) of December 03 and the 1D MA100 (green trend-line). This is a Double Support Event. The 1D RSI at the same time made a Double Bottom similar to previous bottom formation sequences within the 2021 Channel Up and is...
My most recent S&P500 idea was a short-term one on the 4H time-frame, where I called for a pull-back and then rebound to 4740:
The target has been hit but the latest pandemic news were used as the catalyst for a new, deeper pull-back. I am switching back to the 1D...
I haven't updated my SPX outlook every since predicting that perfect buy on the 1D MA100 (green trend-line) on December 20:
Right now a new (short-term this time) opportunity arises as the index hit today its 1D MA50 (blue trend-line). The chart above (1D time-frame)...
Hej! Så länge SP500 inte stänger ner under den blåa linjen på vecko - eller månadsbasis så är jag väldigt positiv till att SP500 ska mot 5000 nivån. Stängning under blåa linjen kan ge en rekyl på 5-10% innan ett nytt försök testas på nuvarande topp och förbi.
Däremot om SP500 stänger ner under den röda linjen på vecko - eller månadsbasis så utgår jag att den...
#BTC
◼️Several days I watched SP500 (the stock market, on the right side of the chart), we were on the same footing with him.. The bullish wedge was broken and tested from the back side. Permanent false shadows at the level of 4700… speak of fixing the position by the big players.
◼️On the left is my #BTC plan…. A cluster of long liquidations is stuck at 42***,...
Bitcoin vs. Wallstreet or Ethereum vs. S&P500...
Of course I can't predict the future but for the next short-term movement a second move slightly lower for traditional markets is possible IMO.
Expect a bullish divergence with RSI as we already have seen at Bitcoin and Ethereum.
Bitcoin and Ethereum could follow this curves for a more round bottom.
What do you...
The S&P500 is at the critical of 4800.
At this level we have an ABCD completion from the mid May low. This is a major multi month pattern with the added confirmation of a 3 Drive ABCD at the same level.
If we expect the same move lower as the previous September retracement then that brings our target to the 382 of the ABCD pattern around 4500 which is a Major...
