SP500 could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target. Entry: 4323.14 Why we like it: There is a pullback support level Stop Loss: 4290.00 Why we like it: There is a level beyond the 127.2% Fibonacci extension level Take Profit: 4374.02 Why we like it: There is a pullback resistance that...
Once SP:SPX reaches 4312-4300, a corrective rally is expected. That rally should target 4360-4375 to be sold before ONE FINAL LEG LOWER. That final leg lower should ultimately terminate at 4270-80 to then transition to the melt up to ALL TIME HIGHS.
SPX - Weekly Chart TA, Sunday, September 24th, 2023 Based on the 3 major time fibs, I am looking for a major trend into October 18th-Nov 8th period. The 2022 High/Low time fib 2.0 was one day off from the 2023 high. (Progress/Stalemate over the Government Shutdown can affect that thesis of timing) Longs: Last week's selloff left a gap above at 4401 - Bulls...
Do not be fooled. Many again calling a new bull market. Not yet IMHO. This is a B wave and likely close to topping. Expect top within days, or hours. The ferocity of short squeeze rallies in bear markets is amazing. The best bullish moves often occur in bear markets! Because shorts scramble to cover, driving price higher. But this is NOT a buy and hold...
Price has reached a key level zone looking left where big reactions in the past occurred. Also, price is at the bottom of the channel which aligns with the key zone of interest & above this region I am still looking for upside movement. Scenario 2, would be if there is a clear breakout of the pattern & zone we can anticipate further bearish movement into support.
I wanted to take some time to recount you the tale of the U.S., from the roaring 20s until today. But I wanted to tell you this tell from the perspective of the S&P 500. And so after horrendous hours of research, I think I am ready to tell you this tale, and hopefully stay true to the S&Ps view of things. So here it goes! The Roaring 20s It all started in...
Hi Everyone, A summary of the last 5 recessions since 1981... These recessions triggered declines of at least 20%. The Great Recession from December 2007 to June 2009 was the one that most affected the market with a decrease of about 57%. Regarding macroeconomics, the Americans are currently implementing a monetary tightening policies and have announced a final...
Come discuss the current trends of the market while I talk about chart patterns, trader psychology and much more!
Finishing Week-Starting New Week! Before Market Open on 09-25-2023. Global Market Analysis. S&P500, Nasdaq, Russel 2000, DX, EUR, GBP, Gold, Crypto (BTC)! Analysis.
SPx The Market dropped in all indices due to the high inflation in the U.S. and Interest Rates are still looking to rise for this year and 2024 Technically: The direction of the S&P500 index has a strong support zone of about 4310 and 4273, So the next bearish area will start when the price can stabilize under the support zone to reach 4177 and 4059 But...
Overview: let's review the key points of the previous update (September 16th): A major change to SPX count. The move up from Oct 2022 to July 2023, labeled as wave 1 and the current phase is a wave 2 that corrects that whole bullish phase. Wave 2 as a triple zigzag. Right now, in wave A of III of (a) of y of 2. I can consider 3953.05, 3917.09 and...
This expanding diagonal wave A is completed and potential wave B has yet to finish. But are we actually heading for another sharp bearish trend for the stock market?
SPX will be in range 4400 to 3990 ... Wave 3 for SPX is accelarting will found support around 4230 to 4270 and bounce 100 points and then target 4050 to 3990... in upcoming weeks and months
CAPITALCOM:US500 chart mapping/analysis for short-term & intraday trades.
CAPITALCOM:US500 chart mapping/analysis for med-long term swing trades.
09/23/2023, 8:00PM EST Livestream. Stocks, Crypto, Indexes, Commodities, Forex, TA Charts, Requests. Technical Analysis & Educational Charts livestream. All content is Not financial advice.
The few people following my posts here have already understood that I like to form a trading idea based on the HTF. A Weekly chart, for example, gives me a more concise and clear picture of the technical aspects of a price prognosis. I am not searching for the perfect point of entry, and that's precisely why I rarely do a multi-timeframe analysis. Getting into...