The big drop yesterday hit the target level of around 5140. See below idea. Picked up some small long positions there and have been waiting since. We're now getting back to 5200 where I find interesting as a possible sell cont spot. Stops trailed on longs so I stay long if it just rallies through and some shorts taken 5200. Also some limit orders for if...
Periods of high #interestrates, low #unemployment, high #inflation, and an inverted 10/2 #yieldcurve since 1976. What do you notice? An increased probability of a stock market recession and high unemployment within months of cutting interest rates and a reverted yield curve?
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The S&P500 index (SPX) came extremely close to hitting the 4H MA200 (orange trend-line) yesterday for the first time in 5 months (since November 02 2023)! As you realize, this is a key Support for the uptrend and the Channel Up in particular, which has been the dominant pattern these months to drive the index to High after High. The fact that the price is...
While the US500 took a nice swan dive off a high rise yesterday, we are still within our near term bullish uptrend channel. Daily CCI is testing the Zero Line which is a big level for momentum. Breaking the Zero line will significantly improve our chances of a near term correction. Holding the Zero line is simply retesting support. Since we have not yet been this...
Not financial advice. Do your own research. I see what I see.
The first thing you need to do to trade the Trend is to Identify the Trend! Question.. Is it an uptrend of a downtrend? How do we establish the trend? On my chart I have from left to right I have... 1. Labelled the High, low, lower high and lower lows. 2. Drawn a trend line across the top of the High - Lower high - Lower high which established a "Down...
Technicals: Bracing for a 4% to 10% market correction but with an end the year close to 6000 on the SPX500. I speculate that this correction will last up to three months. Then, a rise up to about 6000 by the end of the year of 2025. The buy zones are 2.5% to 4% deep from the all-time highs, and 9% to 10% deep from the all-time highs. The S&P500 is currently...
SPX plunged more than 100 points from top and closed more than 1.2% down. First time RSI fell bellow 50 after Nov 2023, its big bearish sign for month of April!l - Weekly Trend is Still up - Daily candle closed well below 20 EMA and trend reversed - Hourly Trend is down - Weekly swing high is at 5226 and daily resistance is 5180 - Weekly swing low is...
S&P 500 INDEX - In the midst of wave 3 which has still room to grow and then we see correction till wave 4. We resume journey upwards towards wave 5. Given target based on weekly wave analysis and no target is fixed as probable targets falls within the range #SPX500 #Elliottwave
SPX500 -Monthly Needs a higher low as the last one is very far ~20% down below - caution -Monthly possibility of playing out 3rd bearish divergence (2018 peak, 2021 peak and now). Quarterly also has the same possibility - caution -M EMA8 far down almost 6% - caution -W needs a higher low too and its ~10% below so plenty of room to go down and set one -...
SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,111.36 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 5,040.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at...
I took the liberty to chart the path of the S&P 500 since the debut that this site would allow, starting from since 1871.Potential target would be in the proximity of the pink circle/prior wave 4. It appears that if correct then the top is very very near, in my humble opinion........ All The Best!
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Yesterday during the drop close to 5200 I said I was buying short term calls OTM because I thought we'd see some sort of bull trap. Had through it would be a lot bigger but the main thing I was looking to see was a clean 2 leg bull trap. We have this now and are in the potential reversal zone of a bearish butterfly. Implied target for a successful butterfly...
Hello I have decided to share this chart as simp,e as I can because I just want to mention its markings. There is an alternative counting for this charrt that say this last upward trend was wave 5 (Primary) and then bearish market will start. I do not want to be dogmatic but it is not so possible because : - wave 4 primary corrected more than what I can accept it...