S&P 500 Index (SPX) Forecast 2022-2023Hello friends, today I am reviewing the yearly linear scale chart for S&P 500 Index (SPX).
In the chart I noted:
1) The price has been rising consistently since 1989-1990 with the price moving up in an Arc Pattern since 2009.
2) The price touched the Arc trendline in 2009 and again in 2020. If the price comes down to touch the Arc trendline in 2022, that would be a 40% drop. If it comes down in 2023, the price would drop 30%.
3) In 2009, the price dropped around 38%. I took the RSI at that time and matched it with the RSI at the current levels. If the current price falls, the RSI may also fall to the 60 to 61 range.
4) The RSI (relative strength index) has had a long standing support and resistance at 60 to 61. There is also a long term bottom trendline on the RSI dating back to 1932, in case it falls further.
A drop in the price to meet the Arc trendline is coming up. Let's see if it is in 2022 or 2023?
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Nyse
My AAL IdeaHello again,
You know I like to keep things simple
I just trade on Price Action.
Airline stocks are still risky but it's worth a shot here.
As you can see 19-20$ is holding as support.
For me that's a buying opportunity.
Below 18.30 I would cut it
I'm going for a HH here so $30-31 would be my target
Interesting Sityation The stock is approaching a strong support zone. Enter only on confirmation. At the moment the Chinese stock market is quite volatile, in particular the Alibaba Corporation itself. But securities of some Chinese companies are showing good growth right now
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LongVery good chart to education.
The stock breaks through resistance and begins to rise. Ahead of the targets: 14,15 and 16,20. Upside: 32% and 40% possibly higher. Technically, the picture is very good.
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Dow Jones │ 24-11-2021Hello, Guys! Go For Buy Trade, Dow Jones is on Bullush Trend On 24-11-2021
Down - Jones :- Movement { 153 } Points
Dow Jones :- T.C.A ( 35964~ ) Levels
STOP-LOSS :- USES YOUR OWN ( FOCUS ON CLOSING )
HPC :- High Performance Computing ( Testing Purpose Only )
Quantum Physics Researcher :- Jeevan Singh
I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator.
Thank You For Making Trust And Don't Forget To Support Me!
For My Lovely Fan Club │ Love You Guys!
Walmart's Next Stop All Time HighsHello friends, today I am completing a technical analysis on the 1D linear scale chart for Walmart Inc. (WMT), a retail company traded on the NYSE.
In the chart I noted:
1) The WMT price has been moving in an ascending triangle since December 2020 with the first bottom trendline touch in March 2021. The bottom trendline has been respected two times with the second touch in October 2021.
2) The price is currently looking bullish based on a few indicators noted below. The price has potential to increase 5% or greater and make a new all time high.
3) The 21 Day EMA is hovering at the current price and the price is making an attempt to break it.
4) The Volume looks consistent with prior months.
5) The RSI is respecting the bottom trendline forming a Rising Wedge pattern. There is potential for the RSI to move higher as it recently completed a Double Bottom off of the bottom trendline.
6) The Stochastic RSI (Stoch RSI) is moving out of the oversold region with potential to create a double bottom or move directly higher. If it goes back down to create a double bottom, price may consolidate for a bit before moving higher.
7) The Money Flow Indicator recently exited the oversold region and headed higher. An example of the MFI reaching oversold region is shown in March 2021.
8) The Fibonacci extension showed the price recently re-tested the 0.382 level and currently entering the Golden Pocket (0.618-0.65).
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
🟢 Idea about ChewyChewy Inc. is an American online retailer of pet food and other pet supplies based in Dania Beach, Florida. In 2017, Chewy was acquired by PetSmart for $ 3.35 billion, the largest transaction in the e-commerce segment at the time. The company went public in 2019, having managed to raise $ 1 billion. Revenue $ 7.15 billion (2020). Capitalization $ 29 billion
A trade on the breakout of the support level.
1) The price approached the strong level of $ 72.6.
2) Closing of the daily candle near the level and under the very LOW.
3) There is a large power reserve at the bottom.
4) Pulling local highs to the level, they are not allowed to go up.
5) Sparse horizontal volume by level.
Goal: $ 70.2
NOT IRR.
Dow Jones │ 22-11-2021Hello, Guys! Go For Buy Trade, Dow Jones is on Bullush Trend On 22-11-2021
Dow Jones :- T.C.A ( 36028~ ) Levels
STOP-LOSS :- USES YOUR OWN ( FOCUS ON CLOSING )
HPC :- High Performance Computing ( Testing Purpose Only )
Quantum Physics Researcher :- Jeevan Singh
If It's Fall ( Show Negative ) Again Then It's The Pure Crashed. Otherwise it's Just Flow of The Market.
I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator.
Thank You For Making Trust And Don't Forget To Support Me!
If Anyone Have Any Question Then Feel Free To Ask.
For My Lovely Fan Club │ Love You Guys!
Macy's rocket ready for launch! LongHey Guys!
I see a good Long potential for M .
We are testing 50MA price zone on M-chart and looks like we are ready for break-out and push the price to 200MA on the Month chart.
Price stays very close to the 50MA for more than 5 months. - good sign for long. Also, we see a huge volume on the "bottom".
SL ~ 15-16$
TP1 200 MA on moth chart
TP2 40% zone.
🟢 Idea about FordAfter gaining 60% in less than two months, the instrument is not allowed to roll back. Buyers are "sitting" in the action. The instrument is approaching the local maximum with the closing of the daily candles at the rising highs; in general, it looks long. Entry from the low of the last daily candle at $ 19.5, stop at $ 19.14, risk 2%.
Target 8% (speculative).
NOT IRR.
🟢Idea about Mosaic CompanyMosaic Company is the largest American producer of potash and phosphate fertilizers. The products also include phosphate feed ingredients for animals. The company was founded in 2004 and is based in Tampa, Florida. Capitalization $ 14.4 billion
A trade on the breakout of the daily support level.
Bounces from the $ 36.5 level with lowering local highs.
Below is a large power reserve. Near the support level, the instrument is trading at reduced volatility.
Entering a short position upon breakdown of support ($ 36.4), stop for 4H candlestick (1.5%), take 3: 1.
NOT IRR.
Short-long)The stock is at the support level. Locally, it could rise to 53. Upside +10%
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ShortA downward trend for the company. No specifics, break the support level and go short. Target: 14.
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