Will S&P500 follow NASDAQ?? Is the magical 4,000 mark possible??Please Support this Idea with LIKE if it is Useful....
S&P500
NASDAQ after recovering from the crash is more than 20% up from the All Time HIgh(ATH) before the crash,and is making new highs everyday.S&P500 has been following the same direction,recently it broke the ATH before the crash, If S&P500 follow the same direction as NASDAQ, The magical 4,000 mark is very possible..
What are your thoughts, will it reach the magical mark 4,000 mark or not??
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Sp1
S&P500, price broke above key level(ATH), Buy on pullback..Please Support this Idea with LIKE if it is Useful....
S&P500
The price is above key support/resistance level ,after a pullback If price continue to hold the Support then there is a chance that price might continue to grow,wait for the price to make a pullback and if price gives bullish signal and look for buy opportunity..
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
S&P500 Index (SPY) More Growth!!!
it looks like spy is going to set a new higher higher higher close soon.
the price has recently broken above the resistance line of the ascending triangle formation.
the breakout is considered to be confirmed now.
next goal for buyers is 3413 level.
it is based on a long wick of 6th August candle.
because the market is trading on daily highs, I would suggest risking no more than 0.5% of your deposit.
good luck!
S&P-500In the next few weeks, we will see an update of new Highs
I'm waiting for the 3500-3600 area without a big correction. After reaching the goal, I think you will go test the current high 3400 and then we will observe the situation. But from my own experience I will say that before the fall, the price movement usually accelerates
Best regards EXCAVO
Dow Jones Industrial Average (US30) Money Printing Scenario
US indexes keep growing.
probably they haven't heard about the massive unemployment rate and corona aftermath all over the world.
nothing can stop the global economy.
who dares massive gbp loss this year,
who dares the spike in bad debts.
if you noticed a salary decrease during the last few months, probably you just don't know how to count.
it looks like things are better than ever so we keep being bullish biased.
27550 resistance will be reached soon.
in case of a bullish violation of that the market will keep growing.
the next stops will be:
28290
2925
S&P500 Index (SPY) Accumulation & Bullish Continuation
hey guys,
it looks like spy is preparing for a bullish continuation.
with a sequence of higher lows on a daily and weakening bearish retracements,
the price is one more time testing 3230 horizontal resistance.
being broken to the upside (daily candle close above) it will trigger a buying reaction and the market will start growing further.
next goals will be based on this winter's highs:
3325
3385
BMW: Bearish Continuation & Short Trade
BMW has violated a rising parallel channel.
after that the price set a horizontal decision range and yesterday it was broken as well.
during today's trading session the price retested the 618 retracement of the last bearish leg,
showing a negative bearish reaction.
now bearish continuation is expected.
target levels:
57.15
56.0
GENERAL ELECTRIC (GE): Bearish Continuation
GE broke below a rising channel on 1H.
this breakout matches with a violation of a horizontal 6.87 structure support.
taking into consideration that the current midterm trend is bearish,
here we have a perfect trend continuation opportunity.
initial goal:
6.55
$USD to $103: Political Pump and Dump? (Contains Politics) ⌛️💷Just a theory.. should Trump resign--in a manner of 'dropping the mic-- with national polls suggesting Biden have over 10% leads in many very critical states for the entire Republican game plan. Now, if Pence takes over to fight Biden, I could care less to speculate; I will be here trading and making money regardless of who's president. What if..the market has been pumped by Pump and friends (Kulow, Mnchin, Powell), --and he essentially dumps.. that would make this just another pump and dump?
For more on how close the negative correlation is trading between the dollar and the SPX; the most speculative financial asset in the world-- look below,
PROCTER & GAMBLE (PG) May Keep Growing
PG showed a positive reaction to a 116.0 daily/4h structure support.
the price formed a double bottom with higher low on 1H and yesterday it broke above a minor horizontal resistance.
it looks like the stock will keep growing.
the best strategy for us is to wait for a retest of the broken resistance to buy.
initial goal - 119.0