The price is currently following a bearish trajectory, targeting a level of 4997. It is essential for the price to close a 4-hour candle below this level to continue the downtrend towards 4953. Stabilizing the price below 5054 will reinforce the bearish trend, potentially leading to price levels of 5021 and then 4997. Therefore, the expected range of movement...
This is a short-term outlook on the S&P500 (SPX) following yesterday's Fed Rate Decision. The short-term pattern on the 4H time-frame is a Channel Up and is giving us some important developments. Even though yesterday's attempt to stay above the 4H MA50 (blue trend-line) failed, the index managed to stay on the Channel Up bottom (Higher Lows trend-line) and is...
there is a confluence of time and fib levels, the market will fall in 1-4 weeks. what will be the narrative ? idk , there is an Elliott wave count that says this is a major yearly high, but I don't want to believe it cause that would be catastrophic for the world, I hope it's just a pullback of 10-15%.
Yesterday's FOMC meeting concluded with a decision to keep the monetary policy unchanged, leaving the federal funds rate at 5.25% to 5.5%. During the subsequent press conference, Jerome Powell outlined the solid state of the economy alongside heightened inflationary pressures. Notably, he disclosed plans to commence with the reduction in quantitative tightening...
The SPX500USD is currently in a favorable buying zone at 5048. Traders are eyeing potential profits at multiple levels: 5077.2, 5102.1, and 5118.8. These take-profit targets indicate strategic points where traders anticipate the price to reach, capitalizing on potential market movements. Additionally, a stop-loss order is set at 5019.1, serving as a precautionary...
SP500 is on track and is following the idea i shared some days ago. I expect a continuation of the drop till the 4800-4900 area, and probably the target will be hit in May/June. Here i will look for longs to hold till Q4 2024. Updates will follow
Which way do we go from here? Up or down? RSI, macd and chart pattern all point to breakouts but either way seems possible at the moment...
Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more). Simplifying the complex is the key to...
multiday short trade on sp500 . Tp at 4700 today's candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish leg. possible target 4700 points.
Hello my fellow traders! Crazy times for SPX. Many will get confused and have their bias. (Hope it's right). Daily chart in SPX Oanda is in a roll over formation, ma's flipping. Measured move is far enough I thought I should post what I see. Target area 1) 4829.6 Target area 2) 4660. WHAT! I know right. Ya, we could dip to 4660 so please be careful...
The SPX has rallied approximately 3.5% since its lows on 19th April 2024 and well into the two-day FOMC meeting that kicks off today. In line with general market expectations, we do not anticipate any change to the central bank’s monetary policy, and just like on previous occasions, we expect Jerome Powell to reiterate the FED’s commitment to fighting inflation...
Yesterday saw a big ‘risk-off’ move across all the major US stock indices. The biggest falls were seen in the tech-heavy NASDAQ 100 and the domestically-focused mid-cap Russell 2000, which ended the day down 2.0% and 2.1% respectively. That was a fitting, if disappointing, end to April for US equities which have struggled to maintain the relentless bullishness...
We have the initial Resistance zone which is the intraday Bias changing zone. Where the market is going to move if ES/ SP500 holding below initial resistance following the FC announcement then the reason to weakness then could still remain in play for move down to initial support. ///////////////// Short-term Neutral-Bearish Intermediate Neutral-Bearish /////////////////
📊 According to the sales pressure in the market, if the range of 5010 units is broken and the price stabilizes below it, the price may fall to the range of 4990 units🎯, and in case of strength, the range of 4950 units🎯🎯. 📊Otherwise, the possibility of price increase up to the range of 5050 units.
Today we woke up with a SP Futures Market down on Fed day. The previous days the market was trading in a narrow range, yesterday we saw it crashing down anticipating the Fed day today, and this morning it took another dent until the level reached what we can see in the chart, a touch over the 100 ma support. Keep in mind that after hitting the ATH recently, it...
Institutional Tactics analysis 1;3+ Risk reward setup This my inclution to the setup if you like my content and signals please Follow and comment Hit the like button and show some love wish you good luck and good trading
S&P 500 The price is on a bearish trajectory aiming for 4997, and it needs to close a 4-hour candle below this level to extend the downtrend towards 4953. The upcoming Federal Reserve rate decision will influence the S&P market. Meanwhile, the price is expected to fluctuate between 4997 and 5039 until a breakout occurs, with a potential retest of 5040 also...