My guess is that we are heading south to form the head of the three buddha pattern (or H&S) If I am right, during the next three months we are going to see a sell off to 4450. After that, my strategy is to open a buy position to try to catch a new rally... So far, I am in green with two main shorts at 5242 and 5215 pips which my main idea is to keep them until...
As of today Sp500 is just below her important uptrend line (montly. 2009 to 2021-previous high) which currently is 5162 pips. Volatility could change this, but so far that means that Sp500 is losing steam and if I am right it will continue falling until her next major support at 4840 to see a proper bounce.
S&P 500 fell below the important level of 5200 and below the lower BB as well as the previous day's low after higher inflation data then expected. Now right after initial balance, we see a reversal towards the bandwidth. If the level is not reclaimed, the downward trend could continue today. The next targets would then be at BB (5148/5128).
Day after day, I find that these levels matter in a big way. From what I can tell, during the OpEx, normal levels will work, but as soon as the market is open, the SPX and QQQ options levels drive everything.
SP500 has made a nice drop like i predicted in my previous idea. I expect a little continuation of the drop before a pullback that could lead the price to the resistance area at 5250. Here i will look for a new short in the next weeks.
US CPI, once again, surprised to the upside of expectations in March, sparking a hawkish cross-asset reaction as the balance of risks tilts towards later, and fewer, Fed cuts than markets had expected, as price pressures remain stubbornly high. Headline CPI rose by 3.5% YoY in March, a significant uptick from the 3.2% YoY pace seen a month prior, and above...
A lot of talk is being done lately on whether the S&P500 index (SPX) has maxed now that it made new All Time Highs (ATH) or it is in need of a strong correction etc. Those who have been following us for long here, know that in times like this, we like to keep a long-term perspective and give you the picture unfiltered with the facts only. Along those lines, we...
Important U.S. manufacturing and inflation data for the month of March will be released this afternoon. On the sidelines, the American Bank Lenders Association (MBA) loan purchase index will be released to provide additional insight into the impact of household debt. The afternoon will close with U.S. crude oil stockpiles and end the afternoon with Chicago Fed...
Tussle between bears and bulls resulted a narrow close after big sell off in first hour today. SPX pull back in last hour shows strong resilience from bulls before big CPI day. Dragonfly Doji candle formed on daily time frame which is positive sign for bulls. – Hourly Trend is still down – Swing high and lows are around 5260 and 5160 respectively. Tomorrow we...
just for my own eyes, to see in the future. can it blow off all the lines 6-8k before 1929 like crash
DEMO: liquidity taken, market structure shift, fvg for entry
S&P500 has failed to touch the "Swing High", or even the Swing High close. Meaning that there is not much to trade from(in my opinion). However, the previous range is a good reference point and is therefore more meaningful. I have indicated a Bullish Order Block, a Fair Value Gap and an entry that is at the Equilibrium of that previous range. TPs remain the same.
The price of the S&P500 went to the top of the previous range, then to our entry and things went to plan as TP1 was hit. A retracement is expected before heading to TP2.
Price broke structure creating a higher high. SL at 5194 targeting friday highs with a 1:R risk reward ratio. Entered on new york open. Hopefully price reaches target if market follows structure. SP500 is currently in a short term uptrend.
Hello everyone Sometimes I want share my trading set ups but please consider that I just enter them if I get confirmation and also these type of ideas are completely different from long term strategies in big timeframe charts. So if my signals works and are correct use them and if not so put them in the garbage because they wont be useful for the future set ups. Thanks
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.