So the chart posted is that of the spx cash , We peaked right into the min fib target of 5088 and we have now dropped in what is so far a 3 wave drop ?? if we hold this would be labeled a wave B low and we would see a move above 5088 likely target is 5109 in a abc flat. See p/c model calling for another sharp up move . Best of trades WAVETIMER
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.
I thought we'd see the top. I couldn't see any way to print more money. No knobs or dials left. Until I saw multiple reports of Trump planning to oust Jpow, and nullify the separation between the US Federal Reserve and the US Government. That would mean that an elected Trump would control the interest rates. He wanted negative interest rates when he was in, and he...
Assuming the SPX continues to trend lower an important bottom could be made on 05/17/24. The bull phase from 01/05/24 to 03/28/24 was 57 trading days multiplied by the Fibonacci ratio of .618 equals 35 trading days. Adding 35 trading days to 03/28/24 targets 05/17/24 for a potential SPX turn.
Reaching long term trend line and forming a cypher harmonic. highlighted a smaller similar fractal from 2018. Markets have made me, and almost everyone too rich over the past 1.5 years. and before that, even more so. This market peak will be looked back upon for its own specific bubbles, primarily Bitcoin, and every meme coin. Beanie babies, Madness. that...
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
Summary #SPX is approaching a key level where it may make a decision to bounce or break lower. A zone ranging between 4800 : 4920 "highlighted" will determine the upcoming short term trend.
the chart posted is that of the spy it is nearing the end on the first leg down in a wave A and is taking the form of an abc decline into spiral f9 and a high due in the vix cycle 4/15/4/17 put calls have decline well into the cycle and now over bought conditions have as well . I look for a rally to at a min .382 up best of trades Wavetimer
Please pay special attention to the very accurate trend, and colored levels. Be careful BEST MT
Hello dear traders, the S&P 500 has started to correct after a long period of ascent in its chart. We are looking for a good selling opportunity until the price reaches our order block, allowing us to repeat an excellent buying position for ourselves. I have explained in a very simple and smooth way on my chart where the liquidity is located! This liquidity, after...
Technical Analysis and Outlook: The index reached our Mean Res 5057 and valiantly surpassed it, indicating further upside potential to the Inner Index Rally target marked at 5175. From that point on, turning downwards to Mean Sup 5013 is a strong possibility. A further down trajectory is marked as Outer Index Dip 4865.
Please, check our technical outlook for SPX. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 4966.93. The above observations make me that the market will inevitably achieve 5113.40 level. P.S We determine oversold/overbought condition with RSI...
Index is compressing inside symmetrical triangle and going to explode soon In hourly chart index is moving between 1H SMA50 and 1H SMA200 for some time I suppose it will break down because of last bearish engulfing candle on weekly chart
04.22.2024 Next trade executed. 304 DTE. This trade is something that has back tested remarkably well and is ready for first live deployment. Trade construct is a balanced butterfly structure with synthetic longs. A synthetic long using options consists of selling a deep ITM put, and simultaneously buying a far OTM call at the same strike. Short Strikes...
The daily SPX500 looks oversold at current levels. This may cue the short-term trades to position themselves bullishly as the daily RSI normalizes. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex...
tapda and power of 3 entry test CAPITALCOM:US500 TAPDA Framework: TAPDA is a comprehensive framework used by traders to analyze various aspects of market behavior. Here's a breakdown of each component: Trend: This involves identifying the direction in which the market is moving. Traders typically use trend analysis tools like moving averages, trendlines, or...
Colleagues, in the coming trading week I expect the uptrend to continue after the formation of corrective wave “2”, which I expect in the area of 50% Fibonacci level 5025. After that I expect the beginning of the formation of wave “3”, with the aim to reach 100% of the Fibonacci extension level 5209. Manage your capital correctly and competently! Only enter...
Hello everyone I know if I show you this time frame it might be possible that some of you criticize me but it is my wavy and I always get good views for my next months. One important thing is that all technical and elliott rulse are becomes more reliable as long as you go to higher timeframes. In this chart, we are in a break out candle (I named it) that will...