S&P 500 Index SPX

Before playing that video, be aware that I'm a very agressive trader, which means high level of risk into trying to copy my trades. The quality in those videos comes out of their content, not just following blindly. I'll be trading this with low leverage as this is highly speculative. So please don't just follow blindly but just take the educational content out of ...

S&P 500 has followed what I call a 12,6,2,5,1 Pattern. The price rallied at the beginning of 1982 and completed an N Rally after 12 years reaching a price target of 480. After that, it began an A Rally to reach a price target of 1531 in 6 years. This was followed by a corrective phase of 2 years. It was followed by an Inert Rally of 5 years (shown in blue) which ...

The rate of change shows that the worst might be over for now. The index could break above the 0.618 Fibonacci retracement at 2743 and then breakout beyond the 0.786 retracement at 2800 and move higher and higher to around 2830-2835. I modified the "KST" indicator (Know Sure Thing) settings and the result is that the momentum has broken above the zero line, which ...

Wave 3 took off as projected and it appears wave 4 just completed at the end of trading on Tuesday with a perfect 61.8% retracement of wave 3's movement. The next question is where will wave 5 lead? I project wave 5 will occur by the end of this week, which means next week could have some downward movement. Before that drop lets look at the top. My maximum ...

As you can see there seems to be a lot of resistance on the downside for SPX 500 to fall towards my target price, but I believe in Drama's and not just easy trades. I like the story in the charts which has been given to us time and time again. The momentum is towards the upside as it has broken the major trend line but that does not mean we will not break it again ...

Log channels comparison! enjoy :)

ES futures are up 4.75 this morning and gains from yesterday have held. See chart for notes.

After the week is over, I'll connect a trend line to the two previous weekly candles highs and lows. Then I'll put a vertical time line where this week's candle will start. And where those trend lines intersect with the vertical line, I'll put a couple of horizontal lines in there for possible support and resistance areas to watch for during the next week's ...

Ref chart

a wedge to nowhere

The current sideways pattern on 4H (ADX neutral = 20.362) is seen two times more in the previous month and always resulted in a bullish spike near 2,790 before declining sharply to or even below 2,650. The critical day is tomorrow. If 2,745 breaks then the pattern should repeat it self backed up by very bullish 1D RSI = 59.474, Highs/Lows = 13.3750, MACD = ...

Just a little idea

SPX looks to be completing an A,B,C zig-zag for minor wave 2 blue. There is a gap at the 78.6% fib retrace around 2750 which may be a magnet for completing this correction. Other gaps exist once the correction is complete which will draw minor wave 3 blue downwards in a possible larger fall. Good Luck

My prior post noted that the SPX probably completed a Elliott wave - Horizontal Triangle at the 5/3/18 bottom of 2594. After completion of a Horizontal Triangle there is usually a strong thrust in the direction of the primary trend, which in this case is up. Note that the rally from 2594 has been smooth and steady, which is typical of Elliott impulse waves. If a ...

Just doing some updates. No bias, both scenarios to the upside and downside are shown. Both support and resistance levels shown. Both Measured Moves to the upside on downside shown. Period of major reversals/retests / volume / volatility is in light blue where the Apex lies. Will be interesting to look back at this in 6 months.

Looks possilbe

With the technology sector getting weaker there is a growing risk of a decline of the "S&P 500" in the weeks ahead. On April 26 I had outlined two different scenarios. The blue scenario was the long-term bullish outlook where the index first drops and then rises with more strength higher. The second alternative outlook was colored in gray where the market first ...

Although the S&P 500 has had a more volatile year than 2017, I assess we are on the final leg up of the 9 year bull. I believe we have been in the third and most profitable wave since March 2009 at the market's last bottom. We should still run higher until October 4 - November 23 of this year with an ultimate market top between 3027 and 3194. While that is my ...