Even though I believe it is gonna vomit into lower support where 2nd arrow is,
It is a logical area to start accumulating.
Patience is the key.
And dont deceive yourself crypto is decoupled bullshit. It is all up to US500 whether you gonna win or lose.
After the plummeting of the US500 indices/ S&P500 it met the trend line that is on the same point as the 2020 corona all time prices drop for the S&P500. This has widened our range and I see this to be the best time to buy the S&P500 considering the broad growth opportunities.
I'm putting my money on the US500 long position on a swing trade with my target well...
Last Monthly broke a new high and closed back into range looking to give SPX weakness to be brought back into range, trade rejection off 20EMA. I believe we're just in a pullback sage before further movement down.
R:R 2:3:1
GL
I hope this gives some clarity to any confusion out there about the current state of the markets. Expecting price to slow down momentum here when it goes into the supply zone (Highlighted in purple). As the arrows indicate I'm expecting S&P could drop.
As of 21 Nov 2021
WK TF - long term bias
D1 Direction
Price retracing, to continue uptrend
H4 intermediate TF
For 1H ENTRY: wait for price to retrace back into GREEN zone before setting BUY orders
For 15M ENTRY: Price must break 1H supply zone before setting BUY...
I think we are nearing the end and just like the Federal Reserve help to put the bottom in in March of 2020 I think they are going mark the top in at the end the this year making (2021).
How the mechanisms work in short.
At this point in a long-term economic cycles you seen the financilization of everything near the end of the dominance of economies that only...
I have some reasons for NOT believing all the news flow about an impending Stock Market Crash/Shakeout.
1. Crashes are unexpected. There has never been a widely-forecasted crash, because crashes come when something extraordinary happens, not when "it's all over-priced". As JM Keynes said, "Markets can remain irrational for longer that you can remain solvent"....
Possible formation of a Bullish Cypher Pattern on the Chart. September was a Bearish month for the S&P500 and the Market is now looking set to make a recovery.
Based on cycle theory, the two models spit out a low on the 22 January 2022. Price fall base on start of the cycle.
Disclaimer: This is not advice. I am not a financial advisor. We may hold a position in this trade. This information is based on fact only.
MY BUY STOP: 4452.77
MY BUY LIMIT: 4429.20
A provocative break and adequate headline coverage could make the S&P 500 another speculative leader, but it is still a fairly shallow measure of intent. The movement of capital across the financial system remains the subject of my interest as far as 'risk appetite' is concerned. I prefer to consider a systemic...
S&P500 range bound. Do you see bears or bulls command this market in the next week to come. We are long overall but there has been some bearish signs in the nasdaq and dowjones markets in the past weeks but overall bullish momentum persists.
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