The chart above shows the relative performance between the Dow Jones and the S&P 500 on a yearly basis.
You can see that we are currently sitting right on the 125-year support line. (This may possibly be the longest-lasting support line I've ever seen).
This chart may be indicating that, in the years to come, the Dow Jones may outperform the S&P 500.
As you...
Hello, Friends!
SPX500USD is trading In way
That I predicted previously
And now the pair is retesting
A hidden bank’s level
So I think a bullish move will follow!
BUY!
✅LIKE AND COMMENT MY IDEAS✅
The decline in US stocks since the start of 2022 has been choppy and strictly in Elliott wave terms could be
a correction within an on going long-term bull market. Long term sentiment and momentum evidence which have been noted
in several of my prior posts strongly imply a major top in US stock was probably made in January 2022.
This SPX chart illustrates a...
The great bull trap is in process - it has a little more juice left in the tank imo, expecting this to top out around 4300-4400~ but overall the destination is dire - If I'm somewhat right on the timelines here I think the market will find a bottom sometime early next year - Let the demolition begin.
spx 500 Index Analyst on 08/05/22 Today we are here to talk about the SPX 500 index
What's on the market now:
Today the index is trading at 4151. And in the last trading week, we saw a sharp upward movement to our target zone of 4125. This is where a small correction caused by profit taking began..
Now the market is developing a steady movement, I expect...
If you ask me we, will bounce back to the bottom blue regression line.
Stay tuned for both scenarios - short and long.
Key Points:
👉S&P 500 Main trend is DOWN.
👉Touching top orange regression line.
👉Seems S&P 500 will bounce back down from the top regression orange line to the blue bottom regression line.
Note: Indicator is Pivots Points Algo - bare are...
Last buyable dip
Final bottom won't be a v
And will take years
If u do buy now u must sell by Q4
BUT DO WHAT U WANT
This market is about to extract capital from 99% of traders and investors...
Not trading advice
GRI2022
I think we're getting into the end of the SPX rally (Potentially) but even if we are there may be 3 - 5% more to go and this might be the strongest section of the move. Still buying all dips with tight stops.
Momentum oscillators indicate overbought below the resistance level. This could lead to a decline in the SPX. But SPX will have a support level in the range of 3930.
At the last hour of the evening a pattern for the coming week.
Do you think this is a bearish triangle or an upward trend channel up to the upper trend channel mark.
It will definitely be interesting what the coming week will bring.
I would like to see buy stops on the previous week high to be raided then I would look for a short entry.
I would then look for a long entry once price taps into the Hourly FVG (hour fvg is within the daily/weekly FVG).
Standard & Poor's Index
S&P500 1D
It is trying to complete the wave of recovery from the bottom of the last 3636.8 in a wave that is close to 100% of the previous ascending from 4114.65
In line with 4170 . resistance test
Higher momentum but slower pace and lower upside angle - increases the strength of the current resistance of the indicator
4170 important...
SP
