Using TA including trendlines, fibs, and indicators I believe this is the bottom and stocks rise from here.
SPX already breakout support trendline from 2020 Support level to reach out is 3.8k and 3.5k
Short term Elliott Wave View in S&P 500 (SPX) suggests that cycle from 7.28.2023 high is in progress as a diagonal structure. Down from 7.28.2023 high, wave 1 ended at 4344.75 and rally in wave 2 ended at 4532.26. Index resumes lower in wave 3 towards 4216.45 as the 45 minutes chart below shows. Wave 4 ended at 4393.04 with internal subdivision as a zigzag...
#SPX Shared Bearish Analysis unfolded and confirmed by market by dropping from the 4600 psychological level to its current level nearing 4100. In an Elliott wave perspective, the index may potentially be ending its 3-wave corrective phase near the 1.618 fibonacci extension and may therefore soon find a relief corrective bounce.
In this video, we look at step 2/5 where we will be exploring on how to test the strategy based on different variations. The insight here is invaluable and comes from our 15 years of research. and over 38 years of cumulative trading experience.
SPX is now at a key level of prior resistance. Will it be as simple as prior resistance turns into support for SPX? This is definitely an area to watch.
This structure appears before massive selloffs. Strong resist at 4385. Today's (10/16) gap & go rally may well be a last gasp for bulls. If we don't get a breakout 10/17 we gonna see a big dump into EOM and FOMC. This is a really risky time to be in here. Good luck if you try to play. I'll be short.
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In Lesson nr. 8 - we are going to learn how to CHART The 3 Trendlines Every Time Frame has and discuss the relevant important of each one when it comes to Chart Analysis and Trading in order to have a better chance of success!
All we need is to break free from the dotcom ABC housing bubble / Money stock The masses do not read in the daily news about the crash, before the crash. Fundamentals - the setback past year is payback for manic covid printing. As soom as average joe no longer fears expensive salami, the party will continue. ( party meaning sick debt driven money printed...
SP500 for my scenario is bullish because, I think we just created a consolidation which we broke above and also the market has been going down for a while. So I think it should reverse anytime soon. However, DYOR and if you can, let me know about how you see the chart.
Yes, #Gold and #Silver are on the edge of entering their 4th greatest bull markets in 100 years. 👉My big picture road map drawn earlier this year is still valid and playing out. 👉With this evidence, probabilities are increasing that the bull era for US stocks is done.
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We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios in the lower time frame.
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NASDAQ US100 INSANE Strategy How to TRADE todayon Tuesday 24.OCT 2023?BUY/SELL/EXIT Signals This very simple strategy will help you to find the best setup.Hopefully!
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