SPX, End of half of century bull run? Lets hope not !Today, I finally decided to publish what I have in mind for several weeks ! End of half of century bull run? Lets follow !
I really did not want to publish this idea since it is really terrifying but, as it is a possible scenario right now I decided to warn readers to just keep this in mind . This will help us to be cautious when opening long positions, to set our stop loss carefully, to not consider every new low as a ((buy the dip chance )) and to try to manage the risks.
As shown on the chart , Elliott wave count on monthly time frame suggests a possible scenario which is not a good one at all !. This scenario shows that a bull cycle started on 1974 may have been completed and we are just at the beginning of the huge correction down to the territory of shown wave IV. This is one of the Elliott waves guidelines which suggests the end of larger degree wave 4 correction in the territory of smaller degree wave 4.
There is one more pessimistic scenario which gives a chance to completion of a 90 years bull run which if true, may GOD bless the market!.
Lest hope this sell of to be just the correction of bull run started after pandemic low . In this case we will see a new ATH after end of correction but we have to keep it in mind that even in this optimistic scenario we are in final leg up of this long term bull cycle shown on the chart and the collapse of the market is inevitable soon or later.
We have FED Meeting in next two days , decision the will make and the path that they will show probably will direct the market in upcoming months.
There is no way to be successful in trading except being realistic and following facts and figures not hopes and wishes !
Buythedip
S&P 500 . Down ward continuation or trend reversal?SPX has made a series of lower highs and lower lows inside a down going channel since starting it's decline from ATH !
We had a strong bounce back after start of war in Ukraine which can be called ((Buy the invasion )) !. Why such a strong bounce back? I guess investors thought FED will be less aggressive after this crisis and they found a reason to flow the money into the market.
Is this rally going to continue? Lets follow the market. To me, making a higher high above the shown key resistance is necessary to make sure trend has been reversed. Making a new low confirms the terrifying possible bearish Head and Shoulder pattern. I suggest setting stop loss carefully and sticking to it if you are going to open a position or have already opened.
Best Wishes.
The bear market is not over yet buyersSo I heard a dip bought but the bear market is not over yet. But a short term buy.. then it will drop more.
LONGTERM buy I can see is anywhere from 25K and below if it consider to drop a bit more.
I would see a Bull dip play anywhere in that area if you are looking for a long buy.
Again the bear market isn’t over yet
Long term buy at 10 area or belowLuna is doing corrections after the false bullish.
We should expect a bullish Area until it’s at the 10.500 or below which will be the strong bullish support level
If that area breaks then wait until it hits about 5.00 or below..
Watch the dip and don’t miss the opportunity
40 years of SPYA bunch of price targets here. If things drop as fast as they went up, my bear case target is 315 by December 2022. If SPY can keep up above 400 through December 2023- We might have a decade of sideways movement without any all time highs (i.e. 2000-2013) If things continue to downtrend for the next 4 years- 280 bottom by July 2026. I would dollar cost average anything below 315 on SPY. Maybe even sell cash secured puts. #notfinancialadvice
Following the S&P500 waves to the bottomThe big moves this prior week call into question where we could possibly be. Are the recession fears valid and will the market tank for the remainder of the year or is the bottom truly near? Let us study what Primary C could possibly look like.
DATE TARGET
Primary wave A’s length tends to contribute 30-40% of the movement of the larger Cycle wave in which it resides. Primary wave A was 35 days long. This means Cycle wave 2 could last between 87.5 and 116.6 days long. Primary wave C tends to contribute 35-40% of the length of the larger wave. If Cycle wave 2 is 87 days long, wave C would contribute 30 to 34 days of it. If Cycle wave 2 is 116 days long, wave C would contribute 40 to 46 days of it. Primary wave C began on March 29, 2022. Potential end days based on this paragraph of analysis would be:
30 days is May 11
34 days is May 17
40 days is May 25
46 days is June 3
This means the bottom should occur no later than June 3.
The length of Primary wave C tends to be 107% to 171% of Primary wave A’s length. With Primary A being 35 days long, C could be 37 to 60 days long. 37 days long would be May 20. Through the incorporation of the prior paragraph, wave C could possibly end between May 20 and June 3.
PRICE TARGET
Primary wave A’s movement tend to contribute 40-70% of the movement of the larger Cycle wave in which it resides. Primary wave A dropped 703.97 points. This means Cycle wave 2 could drop between 1005.67 and 1759.93 points putting the bottom between 3058.69 and 3812.95. Primary wave C tends to contribute 60-68% of the movement of the larger wave. If Cycle wave 2 drops 1005.67 points, wave C would drop 603.40 to 683.85 of it. This would place the bottom between 3953.45 and 4033.90. If Cycle wave 2 drops 1759.93 points, wave C would drop 1055.96 to 1196.75 of it. This would place the bottom between 3440.55 and 3581.34. So far, our probable bottom could lie between 3440.55 and 4033.90.
Primary wave C’s movement also moves 126-196% beyond that of wave A. This means wave C could drop 887.00 points from where wave A began (4818.62 was starting point) to 1379.78. This would put the bottom between 3438.84 and 3931.62. Our bottom has now narrowed to between 3440.55 and 3931.62.
Another statistic is the ratio between Primary wave A’s movement and Primary C. Wave A’s movement tends to be 0.63 to 1.35 times greater than wave C. This means wave C could drop between 521.456 and 1117.41. This would place the bottom between 3519.89 and 4115.84. Our bottom has now narrowed to between 3519.89 and 3931.62.
Lastly, the ratio at which Primary wave B and wave C move in relation to wave A can also be considered. This ratio is normally 0.32 to 0.50. In the current scenario, wave B moved 74.24% of wave A’s movement. This means wave C could move 148.48% to 232.00% of wave A. This is calculated in relation to the level at which wave A started (4818.62). Wave C could drop 1045.25 to 1633.21 from 4818.62. This would put the bottom between 3185.41 and 3773.37.
Based on all of the analysis found here, the bottom should occur between 3519.89 and 3773.37 during a timeframe between May 20 and June 3.
I will provide at least one more analysis once I determine where Intermediate wave 3 occurred. If it occurred at the point identified, then intermediate wave 5 can last no longer than 7 days because that would be the length of the wave 3 which is the shortest wave. This would put the bottom no later than May 13, which heavily contradicts this entire analysis. This contradiction does not make sense which leads me to believe we will still experience a significant market drop this coming week.
NASDAQ reaching end of Capitulation? Or only half way there?Every investor should ask themselves, are we in store for the usually 20-30% correction?
Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009?
Or the Dot Com bubble during in 2001-2002?
I have the most recent corrections in history highlighted, their reasons listed.
> It is clear that the current situation and correction is more serious, than those in recent history. It has more drivers to the downside than the last 3 corrections.
> It is also clear that the global economy isn't collapsing with like in 2008. In that recession, $10.2 Trillion alone was wiped from the American economy alone. That's not including the hit to Global Wealth, resulting in the elimination of many more Trillions.
> It is further clear, current tech equities are not as overvalued as in the Dot Com bubble. I cannot deny that there has been an increasing number of Unicorns and IPOs entering the market. The majority of which have already had their values demolished. One only has to look at the recent SPACs, to see the smack these "Vision over Reality" companies have received from the market.
>>> I believe we are more likely in a 20-30% correction, rather than a meltdown of 50-70%. Long term stocks go up.
Market Analysis On US500 - Buying The Dips Slowly But GraduallyIn this video, we talked about what i am seeing in the markets right now and the reasons why i am personally accumulating.
Us500 has been dipping slowly gradually and we have been smart with accumulating it.
Momentum indicators have been showing some weakness but we see an opportunity in the price location. Let's see if we can build
some more buy signals with the help of these great tradingview tools we were able to create and use thanks to tradingview.
Best wishes
Bugra
AXS Swing Trade reboot.The Bullish OB failed to hold on the last setup so we are reassessing and this is my perspective now.
I bought in large at 45, and I will add some more to my pot if we come back down into this Order Block.
We may not reenter this zone, so another entry idea is to buy the breakout of the trend line.
Not financial advice. DYOR. Use proper risk management when trading!
And... Have an amazing day :)
BTCUSD CHANGING TREND
ZEYAN here!!!!
I'm looking at the market as a bull, and as far as I can tell, it's more bullish than bearish in the medium term.
im bullish on bitcoin and i see its changing the trend ill be buying retracements
the month of april is bullish for bitcoin and its confirming the uptrend by how its behaving rightnow
This is the end result of my analysis; I analyse the market using a very unique method for trend and entry; please do not take this information at face value; conduct your own research.
If you want me to analyse your charts, please let me know in the comments.
If it was helpful, you owe me a like!!
Can TEL leap tomorrow?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 16, 2022 with a closing price of 131.36.
If this instance is successful, that means the stock should rise to at least 132.945 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 5.319% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 7.592% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 13.75% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 11.5 trading bars; half occur within 23.0 trading bars, and one-quarter require at least 33.0 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Where SPX has been and where it is going in 2022We will enter a bear market soon, but it will be short-lived.
I included the bulk of data to explain why we are moving down in the associated chart. However, we should be up most of this week. Half of this year will be to the downside, but then we begin Cycle wave 3 which will see 1-3 years of gains (even if they are not justified)!!
Coca-Cola May Recover Over Next 2 WeeksBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 11, 2022 with a closing price of 58.72.
If this instance is successful, that means the stock should rise to at least 59.02 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 1.5345% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 2.719% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 4.30% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 14.0 trading bars; half occur within 26.5 trading bars, and one-quarter require at least 36.5 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
We have faith in LVS to make up big groundBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 2, 2022 with a closing price of 44.4.
If this instance is successful, that means the stock should rise to at least 44.86 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 5.912% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 11.262% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 21.391% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 20 trading bars, and one-quarter require at least 31 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NVDA: Time to BUY the DIP? Important Key Points!Hello traders and investors! Let’s see how NVDA is doing today!
First, in the 1h chart, it is retesting the previous support level, and it seems it wants to react. We are far from the 21 ema, and the stock looks oversold.
The $ 246 is the next resistance to work with, and if NVDA reacts now, it’ll be easy to see it going up to this level again. The $ 209 is a very good support level, technically the best place for NVDA to react, and you’ll understand why soon.
Remember, we have an open gap (yellow square) which might help the price to retest the $ 269 (green line) again.
In this chart we understand better why this is the best place for a bullish reaction. NVDA is trading at a very important support level (black line), which was support for the stock multiple times in the past. To me , this might be a great time to buy the dip, as long as we see some confirmation as soon as possible.
Since NVDA is dropping with low volume, the stock is more sensitive to reactions (bullish or bearish). A good reaction in the 1h chart might be an incredible buy sign, but let’s be careful, as the daily chart is still bearish.
Only by breaking the descending purple trend line NVDA will become bullish in the daily chart again. I’ll keep you guys updated on this, as usual, so remember to follow me to keep in touch with my analyses.
LAC about to jump higher before the March stumble?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 4, 2022 with a closing price of 24.973.
If this instance is successful, that means the stock should rise to at least 25.11 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.579% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 8.399% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 17.491% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 21 trading bars, and one-quarter require at least 40 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
ALGOThinking ALGO ran The Fib extension gambit here all the way to $3 back in Aug 2021. (luckily some of our members took part in this move as I alerted the buy around $1 I think back in July 1 month prior) since then Algo stays inside 1 brutal correction and I'D say .53c gets tested B4 we can resume the run. But the wick to .67c bottom channel TL does show massive support.
So kinda hard to call here, but if my BTC analysis is correct in projecting BTC double bottom after we finish this B wave then ALGO will likely hit my lower bearish targets. If my BTC analysis is incorrect then likely ALGO has bottomed. Let's keep an eye on this.
Is war negative news for cryptocurrencies? 🧐🗣️🏳️Hello everyone,
The title clearly asks a question that each of us should ask ourselves.
I buy at the bottom and I don't wait for bigger drops, because in my opinion there may be no more of them!
Today in the news, each of us read about Russia's invasion of Ukraine, which took place.
The stock market reacted immediately, but was the decline strong in relation to the strength of the information?
Absolutely not! Bitcoin does not want to fall further. So what bad would have to happen to smash Putin and move the price down?
We have to wait until the next day to be able to wonder if it is really a hole.
In my opinion, people will flee to cryptocurrencies from fear of losing funds, not working banks
or hacker attacks on access to electronic banking.
Therefore, Im buying some extra to my wallet and waiting for the situation to develop.
Everyone buys at these prices.
On the chart, we are currently in a key place for BITCOIN AND ETH.
The last trough for us is the final resistance to going down to $ 1,500. If we beat him.
If the price rebounds, it could make a beautiful doublebottom and shoot up to the resistance of $ 3,200.
Comment and like,
Greetings.
Buy the dipLooks as though we're going for a small corrective in BTC at the moment with my expectation for price to rise back to around the 36500.00 area.
Once price reaches this intra-day style trade target, I will then be adding some SSL (sell-side liquidity to the longer term bear move so long as the bear AP (anchor point) is broken.
Longer term expectation is short for BTC but short term looks long to 36500.
Best of luck.
4200 or below buy the dip Bears is at the exhaustion from the drop and hitting the strong support same as HR4 chart
Love to see a bullish Doji as a recovery to make a bounce back up.
5200 is the target to hit this year, maybe 6000 or 5400. What are your analysis for this year.. should be in a bullish in a moment
$DKNG 22 YEARLY BEARISH REVERSAL Dkng - The Strat
Dkng has a 22 bearish reversal on the yearly chart.
Head and shoulders on the monthly
We have Full time frame continuity to the downside.
If you're in options contracts I think you could get a 10p 3-6 months out and hit this PT.
If you're looking to buy the dip. I'd wait to see if it falls below that 10.60 level. Set an alert and wait for a confirmed bullish reversal - which will prob look like a double/triple bottom.