Here is our detailed technical review for SPX500USD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 5188.9. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5282.3 level. P.S Please, note that...
Tomorrow's Trading Range for 5.9.24 and all of the levels going through it.
Using inverse powers of phi to form an harmonic grid. Peak a view. Cheers, Keops
Follow-up to my previous 5137 Top Call (click). Markets appear to be retracing finally. This could be just the start of correction. Minimum next leg depicted goes to 4900-ish. $ 5109-5137 is major resistance that may be retested. $ 5044-5049 a minor support that will hopefully bounce. $ 4896-4924 is next major support and BEST GUESS...
We have a macro supply zone 4h that the price reacted with a bearish engulfing candle, than the price distributed but at the same time the price leave a possible liquidity run with a micro supply zone in 15m which we will react only with an candle pattern.
S&P500 has turned bullish on the 1D timeframe (RSI = 58.980, MACD = 2.870, ADX = 28.757) as today it is trading and will most likely close over the 1D MA50 for the third day in a row. Having crossed over the LH, the index has invalidated the bearish sentiment of April and a new Channel up is emerging. If it capitalizes on the 1D MACD Bullish Cross, we expect the...
The index has made the abc correction I expected. This is a necessary abc drop to start reaching new heights. One of the most important things to understand when looking to buy various popular stocks. Also applies to Bitcoin. PS this index is designed to go up forever, at least as long as we exist on this planet. Pure logical thinking.
AMEX:SPY has fallen broken the trendline and initiated its correction. Bearish divergence has formed as well. Two possible correctional scenarios here
I've been away refining my method and have returned to deliver a series of important predictions for the coming weeks. The first is a look at the general market using S&P futures. Here is a summary of this chart: ** 2 key levels (above and below): 5163 was the breakdown level from back in April - a retest of this level for resistance is very bearish, but if...
The SPX500 daily chart has a positivity associated with it. However, the hourly chart has pulled back to the point that is tending towards oversold. This may set up a potential "dip in the uptrend" scenario. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). ...
In order to assess whether it is a good time to increase exposure to riskier assets such as equities, institutional traders often use correlation tools and inter-market analysis. Depending on the macro environment (uncertainties, market drivers, monetary narratives), traders periodically assess their exposure between offensive and defensive values (Risk-on vs...
Is this rally coming to an end. Yesterday afternoon market sold off which continued to ETH session. Any test of ETH session Low could provide direction for the day. Level to watch: 5195 --- 5193 EIA Petroleum Status Report 10:30 AM EST
Around 4800 I said I thought if there's a spike out before a bear move it's likely to go to around 5200. We've traded a little over that, had a strong sell off from just above it and now we're retesting it. If the original thesis proves to be correct, 5200 area will be an important high and we'll see a stronger rejection on the retest. Here's an Elliot wave...
Spx New Forecast the price reached our target as we mentioned in the previous idea. Now, it still has a bullish trend to reach 5224 from the pivot line which is 5177, so otherwise, it should break 5177 by closing 4h candle under it to get 5150 and 5120 Pivot Line: 5177 Resistance Levels: 5202, 5224, 5249 Support Levels: 5153, 5120, 5103 Today’s expected...
SPX500 went down sharply And the SPX is locally oversold So as we are already seeing a Bullish rebound from the Horizontal support level of 5015 A further move up is to be expected !
As price hit major resistence expect to fall pls like for support thank you
Hello everyone, SPx500 4H NEW FORECAST The index price maintained its positive stability above the additional support centered near 5175, confirming to us that it was affected by the previously suggested upward path, and we can notice its fluctuation currently near 5210. Also, the combination of the main indicators in presenting positive momentum supports the...
The S&P 500 (US500) is rising towards the pivot. Could this index potentially reverse off this level to drop towards the 1st support? Pivot: 5,203.08 1st Support: 5,122.82 1st Resistance: 5,248.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...