The S&P 500 index recorded its first all-time high in two years this Friday thanks to the momentum of chip manufacturers and other major technology stocks, the result of the optimism generated by artificial intelligence (AI). Speculation about an early rate cut by the Federal Reserve and the big AI deal have taken it to the brink. After this big jump the price...
Broken ATH, fractal extention, big risk on May-June 2024.
Hi traders, Last week SPX500USD took out the ATH (grey arrow) just like I said last week. Now it could make a bigger correction down. But for now there are no signs of a reversal so next week we could see this pair going up a little more. Trade idea: trade buys after a small correction down and a shift in orderflow to bullish. If you want to learn more...
Pick a level and you may be right several times as we see price continue to the upside. Quote from: covid19.ca.gov Expect all COVID-19 rules everywhere to be lifted ... The public health order effective March 13, 2023, supersedes all prior health orders. Do your own research as always. And, the Fibs rarely lie.
The chart is so simple, no need for commentary. Spx just completed a cup and handle.
Following November and December’s spirited push, totalling approximately +13.3%, 2024 is off to a solid lead, up +1.5% month to date and refreshing the all-time high (ATH) at 4,842. Technical studies from the monthly timeframe remain clear and, for the most part, unchanged. The index has been entrenched in a dominant uptrend since breaking out in early 2013....
Technical Analysis and Outlook: Spooz's robust movement from our Mean Sup 4745 toward our designated target, Inner Index Rally 4882, is on its way, leaving no fingerprints at the crime scene at the completed Outer Index Rally 4807. The advancement toward a higher target Outer Index Rally 5035 is now in its making. However, once we reach the designated target of...
In March 2023, I predicted that the US500 would experience an uptrend after breaking the bearish trendline that had constrained the price since 2021. The price successfully breached the trendline and underwent a retest. The following analysis resulted in an impressive gain of over 9000 pips. This development is particularly significant for long-term investors and...
January 19th Closing: The U.S. basket index concluded the day with a significant increase, recording a gain of 1.23% compared to previous values. The initial movements were lively, with the index opening at 4,796.3 points, surpassing the previous day's high. Throughout the day, it continued the positive trend, closing at 4,839.8, approaching the highest level...
Making predictions in the market seems to garner a lot of interest especially if you are often interviewed on CNBC, Hawk, etc. These market gurus will fortell the future of the US markets based on their own predictions........ As an investor, I think little of it but still read it for entertainment purposes. Why? Warren Buffett the world's best investment manager...
So many bulls and bears are stating their cases on social media as to whether or not a bottom is in so I thought I'd take some time today to examine what a daily bottoming process looks like using SPX. Standard & Poor's 500 was created in 1957 and since then it has gone through 9 bear markets (Defined as a GREATER THAN 20% decline on a CLOSING basis). 2022...
Weekly chart, the Cup Handle chart pattern was formed, after having crossed the resistance line in Nov. 2023. Technical indicator MACD is positive; confirming this view. The target is 5833, extending to 5905
S&P500 may be overbought on the 4H timeframe (RSI = 72.835, MACD = 15.590, ADX = 49.520) but not yet on the 1D technical outlook as the price hasn't yet made a HH on the two month Channel Up. The 4H RSI does show us though that it is starting that HH peak sequence as it can start a LH trendline like December 14th. We are expecting this wave to peak on a +5.55%...
OPEX week now. Most likely 2 options, one is tricky because there could be a sharp decline with lower low which will be a shocker
When another grasps I am scared.... Make a sale now for SPX 500, and wait for the big crash!
Early guess of the bottom is between November 2024 and March 2025 which relatively falls in line with the originally projected bottom from July 4, 2022. This is where Cycle B has topped thus far. It was in the larger target area from my December 13, 2023 analysis, albeit at the tail end of the box. Time for the study models. 1 - MOVEMENT EXTENSION STUDY The...
Things appear to look good for Cycle C so far, but the top within the next 2 days is crucial to confirm we are in fact in the early stages of Cycle C and Cycle B ended last year on December 28. Looks like Intermediate wave 1 ended last Friday, meaning Intermediate wave 2 could end soon too, if not already completed. The first study is the historical percentage...