Not even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation. Here are the fib levels for your consideration. Notice price approaches the top Bolly Band. Not a lot of room left to squeeze but it could pump higher. Not overbought yet. Short when it gets there. Bewary.
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U.S. stock index futures edged higher on Thursday, positioning Wall Street to extend gains from the all-time highs reached in the previous session. A subdued inflation report bolstered hopes for interest rate cuts. Economically, investors are anticipating the release of initial claims for state unemployment benefits at 8:30 a.m. ET, seeking insights into the...
We firmly believe that the major stock indexes have a very dire Macro outlook. We will not go into details here (see our other posts) but with the market heading for a downturn we thought it would be awesome to show other small retail investors (thats what we are) that there is nothing to fear. Well nothing to fear other than blowing up your account- we do not...
I've been away refining my method and have returned to deliver a series of important predictions for the coming weeks. The first is a look at the general market using S&P futures. Here is a summary of this chart: ** 2 key levels (above and below): 5163 was the breakdown level from back in April - a retest of this level for resistance is very bearish, but if...
SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,207.14 which is a pullback support. Stop loss is at 5,150.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 5,282.20 which is a pullback resistance that aligns with the...
Stocks Set to Open Higher as Investors Await FOMC Minutes and Nvidia Earnings Fed Governor Michelle Bowman stated on Friday that she expects inflation to remain elevated for "some time," but she also anticipates that price pressures will eventually diminish if interest rates are maintained at their current level. Bowman also reiterated that she would not rule...
SP500 Index NewForecast (Structure: Short ) The price has dropped and continues to do so as we predicted, aiming for a retest at 5302 and 5281. It has already reached 5302 and is now moving towards 5281. Currently, the SP500 is undergoing a corrective retracement targeting 5281. At this point, we should monitor whether it breaches 5281. Stability below 5281...
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
The S&P500 index is neutral on its 1D technical outlook (RSI = 44.135, MACD = 2.270, ADX = 26.567) despite the fact that it made a new All Time High, in fact turning the former R level into S. The uptrend is being supported by the 4H MA50 since the May 2nd breakout and the Channel Up presents a new low risk buy opportunity close to the 4H MA100, ideally when the...
S&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39 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...
S&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39
Short Term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 5121.45 and dips in wave ((ii)) ended at 5013.45. The Index is nesting higher within wave ((iii)). Up from wave ((ii)), wave (i) ended at 5200.23 and...
SP500 Index Forecast The price continues to attempt a correction towards 5281 as long as it trades below 5320. However, overall stability above 5325 would indicate a continuation of the bullish trend towards 5360 and beyond. The bearish scenario will be activated if the price breaks below 5281 and 5266. Pivot Line: 5313 Resistance Levels: 5325, 5340,...
Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal...
It has been sometime But I think this is a good time to post the chart We are nearing the End of the cycle and pt 23 .I feel this move since oct 13 2022 was the Last bull phase since I wrote the forecast dec 8th 2021 .for oct low 2022 target 3511/3490 . best of trades WAVETIMER
Pair : SPX500 Index Description : Completed " 123 " Impulsive Waves Demand Zone Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure Fibonacci Level - 50.00% / 61.80%