Today we are here to talk about the SPX 500 index Today: The index is trading at 3900 and yesterday we saw the stabilization of the market that I expected earlier. Here is a link to the idea. Today I expect a continuation of the developing correction. However, this will not be a real sharp drop, although the decline will be significant. I believe that the market...
Today we're here to talk about the SPX 500 index Today: The index is trading at 3759 and in the last two trading sessions we have seen a move towards my previously anticipated target zone at 3785. Here is a link to the idea. Currently, the market is in the equilibrium zone, where participants must decide where the local peak will be. There is still a...
S&P500 reached the cluster of two 161.8 Fibo and equality of waves V and I = 16. I believe we might see a pullback from now on. Do you think technical analysis can stop this train from further growth of 500 biggest companies of US will keep on going without a break? I'm certainly trading this setup.
Probability: 65% The market will keep going down Take profit and Stop loss Mentioned on the Chart
X Force Global Analysis: The S&P500 index has been showing a clear bull trend for the past few weeks. However, as the "V" shape recovery takes place, we witness a weakened bullish momentum, and a probability for a corrective trend to take place. In this analysis, we explore the bullish and bearish technicals to determine the probability of a correction. ...
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...
During the 2008 financial crisis, there were 6 different rallies before the market really bottomed. The rallies ranged from 9% gains to up to 26.5% gains right before it took a 30% dive and bottomed at $665. Afterwards, it just took a bull run for the next 10 years. What we can gather from this is that, any rally might just be temporary and potentially, there...
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.
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.
Yesterday was a very significant day for the S&P500 (/ES futures), and the associated indexes. Intraday, it was an interesting experience to see the index flat out, in some sort of anticipation, then react with a surge on the surprise news break of a 50 point rate cut. And only to be digested badly with more fear being stoked and more downside that followed to...
Dates in the future with the highest probability for price direction reversals
Just happened minutes ago, the topping pattern of a High, Low, Lower High, Lower Low, Lower High, and then a Lower Low just completed and then it gave up and did a huge Markdown. MACD has given an earlier indication of a drop, after pattern completion. THIS IS a topping pattern, and it is of high probability that the S&P500 topped out. Now waiting for it to...
Hello Traders, I am looking at a small up move to break 2,957.6 / 2,983.2 range which would complete a regular flat pattern before fall back down to complete the bigger ABC pattern at the 2,810 zone. Thumbs up & follow for more! Good luck
whether big or small - a drop here should be expected people speculating about a H&S on the weekly chart - a rapid drop here could confirm it prepare to fight definitely not a financial advice