Get started

Smp500

S&P 500 - Elliott Wave Bearish BreakdownThis S&P 500 E-mini Futures (ES) daily chart highlights a potential bearish Elliott Wave structure following rejection from a key resistance zone. - The market encountered strong resistance near the 5,600 level, leading to a sharp decline. - A five-wave impulsive bearish structure appears to be forming, with Waves (1) and (2) already completed. - If this pattern continues, Waves (3), (4), and (5) could drive prices lower, targeting key support levels in the coming weeks. Traders should watch for confirmation of Wave (3) acceleration, as it is typically the strongest wave in an impulse. A break below recent lows could confirm further downside, while a strong bounce from lower levels may indicate a correction or trend reversal. Risk management remains crucial, as volatility can increase during corrective and impulsive waves. Keep an eye on macroeconomic factors and technical confluences for additional confirmation.
CME_MINI:ES1!Short
by wdstrades
17
Silver aims at 30$ --> 117$Silver has found strong support at 24$. Tested multiple times. RSI is well above 50 and MACD is leveling out on the weekly chart. DXY is also showing weakness. All signs show very bullish momentum and upward pressure. With there being a lot of talk about major federal spending and increase in debt.. Silver will likely continue to grow and become even more volatile. Silver prices have been artificially suppressed to keep costs low as silver is largely used for manufacturing and many electronic products. Historically the silver/gold ratio has been around 17oz silver per 1oz gold. Silver to gold is currently at around 71 to 1. As the public sale of silver becomes increasingly more accessible, it is becoming harder to control the price via FTE. As a result I expect the price of silver to behave erratically and reach new highs in USD never seen before. 117$ puts silver back at the ratio of about 17/1. be blessed.
TVC:SILVER
by The_Yeager
$SPX bearish long term but possibility to go up to 200 day SMA. The stock price is going up to previous resistance while also hitting the top of the fib retracement, however, since it did go over the 50 day sma line i think it could also go up to the 200 day sma line. However, I still am bearish on the market since headlines for the market will most likely cause it to fall as well as companies filing for bankruptcy and the decrease in volume. I think that we will actually hit new lows when we do go down a second time.
SP:SPX
by chrissolanilla
3