SnP 500 Short We'll see i guess. With the fundamentals looming i think equities will dump or take a hit, allong with the 2024 election.
Hi traders, Last week SPX500USD made an impulsive downmove followed by a deeper retracement up before it dropped again just like I've said in my outlook. Now we should see another correction up to rebalance into the FVG and another drop. Trade idea: Trade sells after a (small) correction up on a lower timeframe and a change in orderflow to bearish. If you want...
Technical Analysis and Outlook: The Spooz continue to experience a severe drop in this week's trading session, hitting our two Mae Sup levels: 5150 and 5120, respectively. The current price action indicates that the market will pursue an upside movement to target our Mean Res 5208 and beyond. On the downside, Spooz may continue on a downward spiral to the Mean...
Hey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area. We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong...
fibonaaci levels showing me the SPX has peaked and more money printing is required. Even though real interest rates are still negative (loose money) the SPX has struggled to break higher. Fed needs to pump more money and buy more bonds. If it can not do this then Fibonacci has decided the market top. and a 38% retrace could happen.
The S&P 500 finished another week in negative territory, shedding -1.6% (-2.5% MTD). While it is clear that this market remains the domain of buyers, 90% of the upside in March has been reclaimed, and evidence is building for a deeper correction. Deeper Correction Possible Kicking things off from the monthly chart, following last week's all-time high of...
SPX500 at has reached at resistance level according to weekly chart..The next step is to look for sell entry and observe risk management.
I am dreaming of a swan song 🦢 event and a break from its traditional cycles. In this analysis, 7-year cycles fractal out into larger macro cycles, and so on. Just for fun...
My old lines remain the same. The market have the potential to go back S&P 500 4700.
I am still quite confident the markets are set to drop significantly in 2024. I have studied correctional wave patterns that are similar to our current situation wherein the market topped on January 4, 2022 and began the corrective pattern. **The pattern contains a wave B that is larger than wave A in duration and movement. The wave C then moves more than wave...
In 2007, the commodities index started rising sharply just after the market top. You should have sold your stocks just before that last increase in the commodity index. When there's a bubble brewing in commodities, you should sell. Markets crash when commodities sharply rise then fall.
WXY (double zigzag is complete). May evolve into a triple combo. So far looks nice
another pullback? Recession Probability Value of Spread (Percent) (Percentage Points) 5 1.21 10 0.76 15 0.46 20 0.22 25 0.02 30 -0.17 40 -0.50 50 -0.82 60 -1.13 70 -1.46 80 -1.85 90 -2.40
This index continues its upward trend and the ceiling of 48,000 will be broken The price has made its protected floor by hitting its local support and is doing fractal behavior to break the price ceiling. I watch the market Not financial advice
After the initial balance, we see that the index continues its weakness and has broken through the 1 Bouhmidi-Bands and the point of control (POC) of Wednesday . Today, the previous day's low and the 1.5 Bouhmidi-Band converge at 5138. A test of 5138 is possible with even a reversal towards the BB range. I also now include TPO charts
S&P 500 Price Consolidates ahead of Earnings Season On April 4, we wrote that the S&P 500 is showing signs of weakness around the 5,250 level. How is the situation on the stock market developing by today, which is the start of the reporting season for the first quarter? The S&P 500 fell sharply on Wednesday amid higher-than-expected inflation data. But the S&P...