All my sp500 analysis
more details are coming
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and includes approximately 80% of the total market capitalization of U.S. public companies, with an aggregate market cap of more than $43 trillion as of Janua... Wikipedia
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and includes approximately 80% of the total market capitalization of U.S. public companies, with an aggregate market cap of more than $43 trillion as of Janua... Wikipedia
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2 is in play Note
I think this will play
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The analysis were made in 15min, 5m and in 1m entry tradeNote
I have noticed this pattern because I was to zoomed in the small time frame.
From now on time frame to check Weekly, Daily, 4h, 30min
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We moved down and are still within this wedge, forming a consolidation at the Golden Fib level with money flowing in.
Time Frame Analysis:
Weekly: Bullish
Daily: Bearish (all technical indicators, including MFI, are bearish)
4 Hours: 5.1/10 Bullish (RSI and AO look bullish)
30 Minutes: Consolidation with bullish indicators
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For this week we broke resistance which was a key level going toward the 5693 target as the Fed decided to not cut rates and Trump coming in a Week to the white house. The vix at 21.83 right now. Portfolio manager switching to trading. The target area has been confirmed by parallel channel and Rectangle,
We are at a key resistance level the vwap
Indicators
-Weekly: Bearish
-Daily: Bearish
- 4h: nor clear sign but bearish overall
- 30min: no clear sighn but at 5min levels are bullish retrace to golden fib
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Higher probability for the downside but no clear sign.
on lower time frame.
Daily bearish
4h slight bullish which could mean we can get higher, high from here to the vwap. and then drop and we are high resistance level right now. Now confirmed we have declining PPI lower than expected people are hedging.
So I believe it will go lower
Only time can tell!
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Lets we wait see what happens
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the decision has been made
short here
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CPI = lower than expected = not that positive news for the Fed as they tried to push it. There is not long-living.
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I looking for shorts as we approached Golden fib, vwap Note
the green one more probable
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.