SPY HAS BROKEN THE SUPPORT AND IS STUCK IN A RANGE (1) The direction of the breakout will decide if SPY "brakes it or make it" (2) If SPY starts falling it will signal the end of the marvelous rally, and will mark us entering the recession. (3) So far it looks bullish within the range. Daytrading the range is a great strategy. But if you...
Probability: 65% Buy signal SL & TP Mentioned in the chart Take profit: 3339.50 Stop loss: 3309.50
Probability: 65% ( for my prediction) = High Risk with a large marge The market will keep going up Take profit & Stop loss Mentioned on the Chart.
Probability: 65% the market will keep going up Take profit: 3391.00 Stop loss: 3301.50 Big opportinuity with a high risk
We have a buy Signal (please Read carefully) Probability : 65% Take profit : 3506.50 Stop Loss: 3495 If we achieve our Target ( TP) then Wait until the Green candle cut the first Green Line => Take another Buy position and Use the Orange Line as the second Take profit 2. and the Green line is my new support. If the Candle cut the Orange Line ( TP2) , use...
Entry at 3275 - 3280 TP set to 3380 SL 3260 If old highs are run before entry is given, I'll wipe this trade call. The reason being is that the resting liquidity from old posted highs, really puts the odds in our favour on this trade. Don't forget to check out my other calls made this week & wait for the price to fall into our traps for this signal to be...
The S&P500 has been in its longest bull market in history, did that come to an end in March 2020? Is this a dead-cat bounce or is the bottom in and we should starting putting on our S&P500 40k hats? One sign of this being a dead-cat bounce is that since 2018, the RSI (an indicator of the momentum) has been declining while prices have been rising. In 2019 and...
Hey everyone, here's the analysis on SPX. Follow us, leave a like and comment on stock ideas you look forward to seeing next! Analysis: R1 zone is a strong resistance and breakout zone and price could drop to our S1 zone at 2541.5. If this level does not hold, it could drop lower to our next support zone, as illustrated by the black lines. Disclaimer: There...
X FORCE GLOBAL ANALYSIS: In this analysis, we take a purely technical approach to the S&P 500 Index. Bullish Evidence - We see a bullish divergence, with higher lows on the price, and lower lows on the indicator - The Relative Strength Index (RSI) shows lower lows, as well the Moving Average Convergence Divergence (MACD) - We are also creating higher lows...
The previous resistance at 2635 was broken after 3 attempts and now, forming the new support line at that level. New resistance is currently at 2810 and has been tested twice. Look like it might head down a little before trying the resistance again. The stock market continued to rise last week, even as Labor Department data continued to show signs of high...
S&P500 is currently trading sideways, within range of $2420 to $2635. Its been doing so for the past 20 days. There isn't much strong bullish or bearish news in the market yet except that Covid19 cases are still crawling and that globally, there has been 70,000 more cases with 25,000 cases located in the US. Will start to post some news here too as well as...
As requested by many to take a look at equities market, i shall do some basic analysis from now on on the shares market in US and globally. Equities Market just surged for futures of S&P500 because the Federal Reserve Unveils Unlimited QE Amid All-In Effort to Confront 'Severe Coronavirus Disruptions'. I think this is the first time its ever done an unlimited QE...
The S&P 500 index is a benchmark of American stock market performance, dating back to the 1920s. The index has returned a historic annualized average return of around 10% since its inception through 2019 and thats a good representation of the market. Compared to fixed deposits, yearly returns ranges from 0.5%-2%. While that average number of 10% may sound...
First Crisis started in 2000, Second one came in 2008, now the Third one in 2020. It gapped an average of 9 years between the cycles but market correction is a part of each cycle. Good entry region between $766-$1816 for S&P500.
Hello Traders, We confirmed that the first new high was just part of a running correction pattern and not actually an impulse. Now we are in the third impulsive move and I am expecting it to continue to around 3350 / 3400 for now. Thumbs up & follow for more! Good luck
1. Last Sell Zone that started the sell off. 2. Shall wait to see how price reacts in that zone. 3. Short at 2703 for a good RR. 4. RSI is very overbought 5. Harmonic Bat pattern as well. 6. Volume is still low in this rally. A lot of sideline money on the fence, thus probability for another downward move is still possible. *If price breaks this level, mindset...