Key levels to look out for when analysing S&P 500 .
SPX500 is approaching our first support at 2600 (100% Fibonacci extension, Horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 2808 (61.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a...
SPX500 is approaching its resistance at 2861 (61.8% & 100% Fibonacci extension, 76.4% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 2743 (61.8% Fibonacci extension , 50% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching resistance at 98% where we might see a...
After price formed a double bottom at key level support, a strong bullish impulse took place breaking all barriers of the downtrend structure. Price closed this Friday with a bullish engulfing candlestick breaking above resistance along with the major descending trendline. Will be anticipating a slight pullback to retest broken resistance (61.8 fib) as new support...
SPX500 is approaching our first resistance at 2676 (horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart). Stochastic (89,5,3) is...
FROM MY LAST ANALYSIS OF THIS I AM EXPECTING A CONTINUATION. EXPECTED REVERSAL NOW OCCURED NOW GOING UP. ONCE REAKS BLUE LINE EXPECTING A RAPID MOVE UP. LIKE, FOLLOW AND COMMENT :)
SPX500 is approaching its support at 2694 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizonal overlap support) where it could potentially rise to its resistance at 2760 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 5.1%.
Kind of a mindless doodle but anything is possible.
FROM MY LAST ANALYSIS OF THIS I AM EXPECTING A CONTINUATION. BUT 1ST THE REVERSAL THAT WILL USHER THE BULLS BACK IN.
I will enter an 50% position here in the SPX . Only 50% because there is still a chance it's going to drop down to the 100 MA / 100 EMA at around 2590- 2600 on the weekly chart . If we tag 2600 I will enter the other 50%. I don't think the bull is over but it's the last serious decline before we enter the parabolic stage. RSI6 is printing divergences. We tagged...
SPX500 trading in a multi-days bullish channel with tops and lows. Price action is compressing near the resistance area. Chances are it continues compression a little further. Momentum is getting weaker as well so I am looking for a strong break. If you have your trading strategy watch out this market for shorts. Trade Safe!
SPX500 have reached to its prior highs and a successful attempt to break highs have just been made, but i am wary of the market to reverse from here since momentum indicators supporting my view. I am looking to short this market, if you have your trading strategy, better go for short setups. Trade Safe!
This study uses Spectro™ M Hey guys, Specter here, and this is a nice and controversial topic that I'll enjoy spending my time writing such a big public report. Plus, I love seeing some conflict in the comment area. The first premise; basically, I only trade in general using my Spectro™ M indicator and I like to keep things as simple as possible, so we have...
Sure the "Flat" model and Bull's "Cumulation Balance" on ES is over. Near month, Bulls can retest & breakthrough the historical peak 2884.50 I decisively, take a long position for 2900.00; "Short term target": 2900.00 - 3000.00. "Middle term targets": 3200.00 - 3300.00; "Long term targets": 3400.00 - 3500.00. Subscribe! Join me! «« «« «« «« «« Hold...
S&P500 fell sharply earlier this year, still this market is under correction until it breaks the top. But for now price action is stalling around the top of the multi-days channel, i am expecting a drop to at least test the $2,674 area. Look for sell setups if you have your trading strategy. Happy Trading.
The SP:SPX / FOREXCOM:SPXUSD futures seem to make a rising wedge pattern. After this, it may make a C&H pattern to complete a bottoming pattern for the coming days.
SP:SPX , OANDA:SPX500USD futures are looking to go lower. Trump moved the markets yesterday with a small "relieve" rally. However, the markets couldn't hold on the gains and it became a loss. This is signaling weakness in the market. The SPX futures are now making a bear flag and will probably breakout soon to go lower. Remeber, trade after confirmation (breakout).
The third time he respects this resistance... Interesting.