Hello ๐ it's me your RAJ ๐ professional trader โจ
This idea ๐ก
is completely my own analysis to explain situation _&_ market conditions of
SPX
How this chart valid for long term ๐ explained clearly based on technical #TA ๐ #DYOR
Let's go with market conditions 1st ๐
PPL ๐ thinking ๐ค big crash in S&P500 , based on economy and some other theories
I don't this things go , if this happens ๐ it will vanish not only stocks or companies even goverment also get vanish
Money ๐ฐ >> PPL work / save in -> gold , bank & stocks
Money ๐ฐ >> banks -> save in ->> gold , stocks & giving loan to company & PPL ๐
Money ๐ฐ >> companies -> save in future growth ๐ give return to retailers and keep on increasing vlaue for future like
AAPL ,
GOOG ,
AMD etc ....
if stocks lose ๐ PPL lose ๐ if ppl lose ๐ goverment also lose ๐ biggest revaluation ๐
This is the major index โ๏ธ for many stocks , did you think ๐ค it will crash ๐ฉธ that much harder ๐
Use ๐ง
๐ Let's go with my technical analysis โฐ #TA ->> how I am expecting macro growth ๐น
๐ There tend line ๐ at previous High 2022 > to < 2023 which actually promised
trend ๐ line and even turned as resistance ๐ for 1.2yr
+
Finally it was broken and re-test also done ๐ turned as support ๐ ๐๐ ๐
๐ According technical analysis ๐ my analysis get Invalid ๐ when month close below $3800.2
๐ There was oder block strong ๐ support ๐ in 3 - month $4000-4200
๐ The previous order block at $4300 & $4600 easily broken ๐
These and some other theories making me push towards new high ๐ฐ
Expecting target's ๐ฏ
๐ฏ :: $4880-$5018 ( easy target )
๐ฏ :: $5324-$5469 ( ๐ฏ target )
๐ฏ :: $5885-$6484 ( high pressure resistance )
Support ๐ $3900-4200
This is my analysis on S&P500 on macro , i will post other patterns and chart of technical as per education under this post ๐
-----------------------------------------------------------------------------------------------------------------------------------------------------------
๐ชฉ disclaimer :
โถ๏ธ TQ u for supporting ๐ follow idea ๐ก get updates everytime โฐ when I updated ๐
Note ๐
๐ keeping comments , reacting with emojis , pointing us is very easy to some people
They think ๐ฌ what they see ๐ that was knowledge ๐
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull ๐ and bear ๐ป is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important โบ๏ธ
Some Times market easily turn suddenly bear // bull ๐คฃ even we need to catch ๐ซด those movements is also very important โบ๏ธ ๐
I hope i cleared my view ๐ if any points if I miss I will add in update ๐ post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day ๐
This idea ๐ก
is completely my own analysis to explain situation _&_ market conditions of
How this chart valid for long term ๐ explained clearly based on technical #TA ๐ #DYOR
Let's go with market conditions 1st ๐
PPL ๐ thinking ๐ค big crash in S&P500 , based on economy and some other theories
I don't this things go , if this happens ๐ it will vanish not only stocks or companies even goverment also get vanish
Money ๐ฐ >> PPL work / save in -> gold , bank & stocks
Money ๐ฐ >> banks -> save in ->> gold , stocks & giving loan to company & PPL ๐
Money ๐ฐ >> companies -> save in future growth ๐ give return to retailers and keep on increasing vlaue for future like
if stocks lose ๐ PPL lose ๐ if ppl lose ๐ goverment also lose ๐ biggest revaluation ๐
This is the major index โ๏ธ for many stocks , did you think ๐ค it will crash ๐ฉธ that much harder ๐
Use ๐ง
๐ Let's go with my technical analysis โฐ #TA ->> how I am expecting macro growth ๐น
๐ There tend line ๐ at previous High 2022 > to < 2023 which actually promised
trend ๐ line and even turned as resistance ๐ for 1.2yr
+
Finally it was broken and re-test also done ๐ turned as support ๐ ๐๐ ๐
๐ According technical analysis ๐ my analysis get Invalid ๐ when month close below $3800.2
๐ There was oder block strong ๐ support ๐ in 3 - month $4000-4200
๐ The previous order block at $4300 & $4600 easily broken ๐
These and some other theories making me push towards new high ๐ฐ
Expecting target's ๐ฏ
๐ฏ :: $4880-$5018 ( easy target )
๐ฏ :: $5324-$5469 ( ๐ฏ target )
๐ฏ :: $5885-$6484 ( high pressure resistance )
Support ๐ $3900-4200
This is my analysis on S&P500 on macro , i will post other patterns and chart of technical as per education under this post ๐
-----------------------------------------------------------------------------------------------------------------------------------------------------------
๐ชฉ disclaimer :
โถ๏ธ TQ u for supporting ๐ follow idea ๐ก get updates everytime โฐ when I updated ๐
Note ๐
๐ keeping comments , reacting with emojis , pointing us is very easy to some people
They think ๐ฌ what they see ๐ that was knowledge ๐
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull ๐ and bear ๐ป is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important โบ๏ธ
Some Times market easily turn suddenly bear // bull ๐คฃ even we need to catch ๐ซด those movements is also very important โบ๏ธ ๐
I hope i cleared my view ๐ if any points if I miss I will add in update ๐ post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day ๐
Note
3 month โฐ ๐๐ oder block - hitted ๐Note
Wow ๐ฅบ excellent ๐ rejection _&_ bounce back from order block ๐ Send it ๐
Note
Previous weekend candle closed potential green ๐ Present ๐ was green ๐ rising hard
Note
+15%Note
Target 1 ๐ฏ COMPLETED ๐Trade active
1 & 2 target's are done Trade closed: target reached
3rrd target reached , i expect reversal from here Note
All target's completed , expecting correction from now onwards ( Any fake wick possible upto $6700 )
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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.