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...
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...
Hello! This chart highlighted the major things which that is the (Gap + VI) respected and resistance many time ..
Technical Analysis and Outlook: The index reached our projected Mean Sup 5013 and swiftly jumped higher by suppressing our played-out interim Dead-Cat Rebound Mean Res 5110. Now, the index is moving to complete our Inner Index Rally 5175. This upside move will trigger a strong squeeze pullback to Mean Sup 5013.
Trade Recap on US500 03/05/24 Key Lesson for today - Understand the 5min story and the 1min story. Have Valid BOS, not just any random candles breaking structure.
Understanding the Interplay Between S&P 500, Core CPI, and the Non-Manufacturing Index The world of finance is a complex web of interconnected factors, where seemingly disparate indices can influence one another in unexpected ways. Among these, the S&P 500 , Core CPI ( Personal Consumption Expenditures Price Index ), and the Non-Manufacturing Index stand...
In Elliott Wave Theory, we're navigating the vast ocean of market cycles, and currently, we find ourselves in uncharted waters: the fifth of the fifth of the Grand Super Cycle or Grand Millennium Wave. This level of analysis delves into macroeconomic cycles of epic proportions, spanning centuries, and it's raising questions, even some of a doomsday nature. 1. The...
Looks like SPX is forming a Bear Wedge Flag. That is a continuation pattern. The 50MA was not passed on the weekly close. If we break above that 50MA then it looks bullish to me. If we break above the Bear Flag then it is even more bullish. So short term, things look bullish.
The stock market is at a major decision point, with 1969 low unemployment up-trending for the better part of the last year. Low unemployment *potentially* signals the maximum productivity of an economy. This is an important area to watch and wait. If we break above and trend-line check into support it could mean a bull market similar to 1990's is...
SPX at lower high, chances are that we might see some selling from here and a correction of at least 5%
Short-term Neutral-Bullish Intermediate Neutral-Bearish ES. On the downside, we have aggressive support at 5098.25-5002.25; holding above signals strength/stability and a break down below would be an early warning sign. Below 5098.25, we have Support at 5080-5090 where Buyers can still be active. Break and HOLD Below 5080 = Intraday Bearish
The foreign exchange market (Forex) is a global, decentralized financial market where traders buy and sell currencies. It is the largest and most liquid market in the world, with an average daily trading volume of over $6.6 trillion. There are many reasons why the Forex market is popular with traders: High liquidity : Due to the huge trading volume, traders can...
The S&P 500 (US500) is rising towards the pivot. Could this index potentially reverse off this level to drop towards the 1st support? Pivot: 5,119.91 1st Support: 5,014.00 1st Resistance: 5,167.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Seems like we can go either way, lets find out tomorrow!
This is a Swing Trade based on the 1D Intermediate Time Frame. An Oanda CFD
This is a Day Trade based on the 25m Low Time Frame. An Oanda CFD
Today's bullish trend is confirmed. the bear market of the past few days has been swept away and volatility is falling again. Today's candle is significant and relevant, with a wide body and close on the highs. We go Long with a trickle of gas, up to 5120 points.
Everyone senses there is something coming, but nobody knows what it is. Regardless the markets will correct massively, technically because we haven't had a 0.61 fib correction in a decade, secondly because the bags are too heavy and everyone is bagholding, we need to shake those who call themselves diamond hands at +50% price discounts, i.e. cheaper...