SandP500- this week's predictionI expect SandP to break the low, then pull up and make a similar type pattern it just made, then we get the larger move down. I'm analyzing 100's of patterns today in order to predict exactly how deep this correction will be. I think I know but want to be more sure. I will make the greatest trading video ever made this weekend.
Sandp
S&P 500Since we have taken a bullish reaction on this flag we can expect that S&P 500 will continue its upward direction.
At a Critical Area! $3,000 in our eyesight We are def. at a critical area. I'm still leaning slightly on the bullish side. 3k is a good possibility if we bounce and stay within the upward channel. If support doesn't hold and we drop. I see us then re-testing the $2600 area. Hoping for the best, GL to all with trading.
SPX, Don't buy stocks...nowOr ever.
For the TA, stairway up for 4 years, elevator down for 4 months. ABC correction pattern with 0.382 retracement. Retesting the 4h 200 ema at a level where there is multiple resistances and RSI looks set to drop. At the estimated target of 2916, RSI will form a hidden bearish divergence, which means a continuation of the downward trend.
1 to 1 A to C ratio puts the final target at 1736, around a 40% drop.
DJI ~ The DOW on course per my predictionThe DJI fell shortly after I called it out.
It is acting very closely with the fib retracement.
20k by EOW followed by 18k is near future. Hold tight as there is no clear asset class that is showing to be acting like a safe haven. I wouldn't by shy about buying a little bit of precious metal as well as crypto and diversifying within the market as it is uncertain with what is happening.
Cash may be king until everything is hashed out.
Place your bets.
Please like, share, and follow.
Also, I encourage you yp criticize anything about my view.
Join my discord server for a clsoer look at the markets - 24/7 --> discordapp.com
S&P 500 Price Action Analysis | The Direct ProportionSP500 is still consolidating above the Range High and needs to break out the Key OB. The direct proportion between the volume and the price action (higher highs and higher lows) is indicating that this distribution isn’t done until it reaches its targets.
Entry: 2881
SL: 2719
TP-1: 3089
TP-2: 3219
R/R: 2.09
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
TRADERSAI - A.I. Driven Model Trades for FRI 06/14Earnings and Economic Headlines to begin to Replace Geopolitical Concerns?
No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks' earnings concerns (read, Broadcom's), China's weak economic numbers, IEA's oil demand outlook, and Gold's rise...these are likely to consume investors' sentiments today, heading into the weekend.
Detailed trading plans at TradersAIdotCom under S&P OUTLOOK for FRI 06/14
SPX Approaching Support, Prepare For A Drop
SPX is approaching its support at 2837.1 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 2958.4 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (89, 5, 3) is approaching resistance where a drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SPX test horizontal swing high resistanceSPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SPX reverse off horizontal swing high resistanceSPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
S&P 500 is Still a Bearish Index!Aloha, traders.
This post is meant to discuss the market shock today in which the S&P 500 shot up 1.47%, an unexpected turn of events after such a confident downtrend. Upon further examination, however, this rebound should not have been unexpected; a dead cat bounce against resistance made sense. However, I expect the price to touch the top resistance at $2800 tomorrow morning before returning to its bearish trend. I still maintain that the index will crash to $2600, based on the support and resistance lines.
For the time being, we are holding our short position on S&P 500, probably even shorting more if the index works up to 2800 tomorrow.
Thanks for reading, leave a like if you agree!
S&P approaching resistance, potential drop!S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT S&P approaching resistance, potential drop!S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT S&P approaching resistance, potential drop!S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
S&P approaching resistance, potential drop!S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.