us 500 broke the resistance and tested this resistance. The next target is 5370 USD, which is the 1.272 level of Fibonacci. I think you can open a buy position by placing the stop loss at 5275, which is the Fib's 1 level.
hi traders, SPX is correcting and many traders becoming super bearish here. Don't panic here! Let's make a plan! We expect SPX to retest high from January 2022. 4800 could be a great entry for a long position. It's a Golden Pocket Fibonacci therefore some buying pressure may be expected. Retesting this level would be very bullish as it's previous resistance so...
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
Technical Analysis and Outlook: In the S&P 500 Daily Chart Analysis for the Week of May 10th, it was observed that the market successfully retested the Key Resistance at 5260 and the Outer Index Rally at 5280. It is suggested that the Outer Index Rally at 5342 will be reached after hitting the newly established Key Resistance at 5314, followed by a potential move...
3950-4K micro-target followed by the melt-up rally. Linear top: 5325 Log top: (Separate post): 6000 Extension linear top: 6500 60-80% Bear Market follows; Target 1: 2150 Target 2: 1555 End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing. P.S. Disregard target 3 on the chart; Depression isn't expected this decade.
On the chart, the bearish trend is expected to reach 5280 and 5266 if the price remains below the pivot point of 5300. However, if a break above 5,300 is confirmed by a 4-hour candle close above that level, it could target higher levels 5311, 5328 and then 5345. Key level: Pivot line :5300 Bullish line :5311, 5328, 5345 Bearish line :5280, 5266, 5220
For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor...
This will be our final public post The collapse of modern society and capitalism has begun We must focus on preparation May you all be safe
Back near resistance line formed by 1929 and 2000 tops, acted as resistance in 2022.
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.
This price range is very important and we should consider the price reaction to this area by the end of today and next Monday. If we see a rising sign, it will be a low-risk position. Pay attention, only and only in case of strong confirmation.
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%
I closed my last 7 DTE Iron Condor on SPX today for 9.26% gain on capital allocated. Now just opened a new Iron Condor on SPX -5225 +5210 & -5375 +5390 Expires May 24th, atm the % gain on capital is 28% so $327 on $1160, will close this early as well, potentially first half of next week, before Weds and the NVDA update. I choose my sell strike deltas at -0.15...
Judging by the round-top and harmonic patterns, the SPX is expected to fall soon.
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Tuesday, Wednesday and Thursday the market bring traders...
The SPX index tends to rise and break the 5303 level. It is currently trading below 5303 and above 5281. So if it can break 5303 and stabilize above it, it will reach 5321. Otherwise, if it falls and stabilizes below 5281, it will start the bearish trend until 5261 as a correction.
The provided image outlines a long-term technical analysis of the S&P 500 using Elliott Wave Theory: Wave 1 (2011-2020): A lengthy bullish trend representing the first large-scale wave, which extended for nearly a decade, ending in early 2020. Wave 2 (Early 2020): A substantial retracement followed, marking wave 2, coinciding with the sharp sell-off due to the...
The longer-term SPX 500 daily chart is sitting in a bullish channel with positive technical indications. The shorter-term hourly is heading towards positivity, however there need to be some developments to confirm. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). ...