While I have said this before, it does not make it any less true this time around. The SPX is looking weak up here with momentum dying, while making a HH. If we're ever going to get that well overdue retracement, it makes sense to be sooner rather than later. Looking at the 200 SMA and FIB levels for once in a lifetime entry opportunities.
📊 Due to the decrease in the upward movement momentum of the price and the increase in selling pressure in the market, if the range of 5100 units is broken downwards and the price stabilizes below it, the price may fall to the range of 5080 units 🎯 and in the case of the strength of the range of 5050 units🎯🎯. 📊 Otherwise, the possibility of price increase up to...
There is a sense of urgency as the prices of gold and silver continue to soar to unprecedented levels. The global economic uncertainty and market volatility have contributed to the increased demand for these precious metals.
Hello Everyone, The SPX500 is presently positioned beneath the daily pivot point (PP) and is poised to challenge the weekly PP and support level. The outlook remains optimistic for continued bullish momentum, accompanied by heightened fluctuations. TradeWithTheTrend3344
I was trying to find similar charts to what Bitcoin looks like right now. Taking into account that it's on the all time high levels and in a similar category in a sense. So, is the current Bitcoin weekly chart similar to the selected 15-min chart of SP500 from 2nd of February 2024 in a sense of similar structures at all time high levels, with no structures to the...
I smell a blow off top into late Sep/early Oct before US elections
I do not know how long this has been available on @TradingView , but I just discovered it and wanted to make sure if you didn't know about it, I would bring it too your attention. On the SP:SPX chart at the bottom when economic data is going to be announced or recently announced, click on the "Flag" icon(s) to see what it is. For example, jobless claims,...
Logarithmic chart showing the S&P 500 since 1929. Everytime we touch that upper trend line a major correction or recession starts. Will we see a crash or a recession starting soon?
SPX consolidating in a pennant here with a narrowing range going into Q1 of 2024. The range is compressing as we reach the apex of the pennant. Looking at 2 levels 4600 & 4000 If we can break 4000 with conviction this sets up a nice short to 3804-3818 and then 3491 If we break 4600 with conviction this sets up a move to ATH and 5179, 5331 Watching closely for...
My guess is that we topped yesterday at 5190 pips. My target of this second buddah top is 3570 pips by June 2025. It is too early to confirm this and I need to see the neckline of this buddah pattern. Nevertheless, the neckline is between 3570 and 3870 pips. Once the neckline is hit a new massive rally will probably take place. timing the market is the most...
Technical Analysis and Outlook: According to the chart analysis for March 1, the S&P 500 (Spooz) index continued to perform exceptionally well, achieving our expectations again. The index bounced off the solid Mean Support level of 5060 on March 5 and reached our designated target of the Outer Index Rally at 5170. This was a significant achievement, as it...
Upside Momentum Slowing While it was another all-time high (ATH) for the S&P 500 last week, reaching 5,189, upside momentum is beginning to slow and concluded the week tentatively. The Dow Jones Industrial Average also ended a second week in negative territory and the Nasdaq 100 and Nasdaq Composite finished off ATHs in the shape of weekly bearish harami...
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This week we saw Bitcoin test and retest the prior All Time High. We need a CLOSE above it to confirm the break. Will it happen before the weekend is over?
The US dollar, once considered a pillar of stability in the global economy, is now showing signs of vulnerability. Recent economic data and geopolitical tensions are causing fluctuations in the value of the dollar, making it a risky investment.
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03.05.2024 Next trade in line. 164 DTE. 24/15/5 Delta Strikes, 1-2-1 unbalanced butterfly. Small debit at inception. Happy Trading All! -kevin