hi traders, SPX is correcting and many traders becoming super bearish here. Don't panic here! Let's make a plan! We expect SPX to retest high from January 2022. 4800 could be a great entry for a long position. It's a Golden Pocket Fibonacci therefore some buying pressure may be expected. Retesting this level would be very bullish as it's previous resistance so...
SP:SPX AMEX:SPY Analysis, Key Levels & Targets A look at SPX on the daily timeframe and a few retracement levels off of October lows. Some targets to keep an eye on.
Please pay special attention to the very accurate trend, and colored levels. Be careful BEST MT
More the 1% gain brings bulls back party but they may not fully controlled until we close above 50 EMA 5150 levels Hourly changed to up today but daily trend is still down. Day price closed just above 20 EMA and touched 50 EMA today which is positive. now 5040 may act good support and 5100 is good resistance. Most earning are good side but Tesla as worse the...
Hello Traders! I expect a bullish on SPX as we see the imbalance fill and a perfect retracement from the OB, considering this movement a signal for weak bearish and a strong bullish sentiment. I expect the price to rise until the 5275 resistance level, with a potential set of a new All Time High. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this...
It's been 5 years since the last time Ive published an SPX idea and also the last time I entered a SHORT POSITION .(Please check my 2019 post) COVID and OIL Carnage(went to negative price! LOL!) was the BLACKSWAN. I was staring at my P/L goes UP while watching the world go DOWN and Im thinking to myself. How the fck is this world going to recover? Can the market...
Hourly and daily trend is still down. Market closed 7 days in red in a row. SPX closed again below 50 DMA. Support is near around 4950 and 5009 is the resistance and swing highs is 5040. Therefore, there are more chance for market have some relief rally tomorrow.
1. SPX going bottom off this falling wedge right now in my opinion. 2. Falling DXY and USOIL are helping our case too. 3. Going be a great day for CRYPTOCAP:BTC and US Stocks. 4. Also Middle East Finally settling down.
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
After the closing bell on Tuesday, Tesla reported its earnings for the first quarter of 2024. Despite the report showing a 9% YoY decline in total revenue and a staggering 55% YoY drop in net income, along with an increase in operating costs by 37% YoY, shares of the company soared more than 12% in the aftermarket. The price action, however, was not the same for...
Hi traders, Last week SPX500USD did exactly what I've said in my outlook. After a correction up to rebalance into the FVG it made another drop. For next week this pair could go a little lower into the HTF FVG but I think the correction down is almost finished. Trade idea: Don't trade at the moment. If you want to learn more about wave analysis, please make...
Rising Wedge Pattern Breakdown in Focus This analysis examines the S&P 500 daily chart, focusing on a potential trend reversal signaled by a rising wedge pattern breakout. Pattern Recognition: A rising wedge pattern has been developing on the S&P 500 daily chart since October 2023. This pattern is characterized by price movements confined within a trend channel...
This morning we continue with Eurogroup meetings and comments from the German Bundesbank President and in the afternoon the monetary policy meetings (IRFMP) held in Washington D.C. will be held along with statements from the FED Chairman in Philadelphia and local manufacturing index data, along with US unemployment rates. This data is high impact, along with US...
Here is our detailed technical review for SPX500. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5062.0. Taking into consideration the structure & trend analysis, I believe that the market will reach 4928.9 level soon. P.S Overbought describes a period...
Not much more to say. What you see in the chart: - inverse shoulder head shoulder target - my interpretation of the elliot wave (we are now in wave 4 => more downside possible!) After hitting wave (5) target, there should be an A-B-C correction. This could take 1-2 years!
SPX in this down turn has steepened the retracement. Does this look like a strong pull back to 4800? After it goes thru the VP crevice, will it see more buying at 4800? This Volume Profile crevice is 4800-5000 The move Down thru the Crevice will likely be faster than the ascent. If it doesn't hold here then 4600 area is even stronger support at the edge of the...
In my view SPX will recover 5260/70 area to target 5530 in july
The CBOE:SPX seems like it won't be held down! Look at the pattern in the circles and then look for the potential path going forward. I don't even want to draw anything else