S&P500 INDEX (SPY) Very Bearish Outlook
Hey traders,
After a bearish accumulation within a descending triangle formation, the price finally broke that yesterday on 4H.
I believe that it is a very important trigger and it may push the market lower.
Next goal for sellers - 3525.
Good luck next week, traders!
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Sp1
S&P - Harsh landing!?S&P - Harsh landing!?
As had FOMC, dot plots moving to further rate hikes till end of the year anticipated, dxy heads higher leading indices to land at an interesting area. I personally think it wont be soft as I have mentioned in my videos in...technically we are at very key support if this support does not hold further bearish momentum is set to continue.
Regarding the week ahead a lot of CB's speakers!
Key tip: Lot of others may underestimate you, but don't let the noise get to you...
Trade carefully & have a great week ahead,
TJ
S&P500 INDEX (SPY) Your Trading Plan For Next Week
Hey traders,
SPY reached a demand cluster based on the year's low.
Analyzing a price action, I spotted a harmonic ABCD pattern.
Its completion point matches perfectly with the underlined structure.
To buy with a confirmation, watch a parallel channel on 4H time frame.
Its bullish breakout will be a trigger to buy the index.
The goal for buyers will be 3750 then.
Remember, that a bearish breakout of the underlined zone will trigger a further decline.
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S&P500 Index: Key Levels to Watch This Week 📈
With the yesterday's rate hike, SPY dropped again.
Here are the key levels for you to watch.
Support 1: major falling broken trend line
Support 2: 3720 - 3750 area
Support 3: 3636 - 3676 area
Resistance 1: 3905 - 3918 area
Resistance 2: 4117 - 4145 area
The price is currently approaching a confluence zone based on Support 1 & 2.
I believe that we may see a pullback from that.
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S&P with dotcom overlay - is the S&P heading for a 50% fall??The chart shows the current S&P price action with an analog overlay of the dotcom bear market.
Scenarios;
1/ Near term support at 3900
2/ Mid term support at 3600
3/ Longer term support at 3200
A break of all 3 of these support areas could possibly see a fall to 2345 or even covid19 lows.
S&P500 Index: Key Levels to Watch Next Week 📈
Hey traders,
Here is my latest structure analysis for S&P500 index.
Resistance 1: 4080 - 4130 area
Resistance 2: 4195 - 4216 area
Resistance 3: 4308 - 4327 area
Support 1: 3880 - 3940 area
Support 2: 3720 - 3780 area
Support 3: 3638 - 3675 area
As I predicted, the price perfectly respected Support 1.
Now, the goal for buyers is Resistance 1.
I will look for shorting opportunities from that resistance.
❤️If you have any questions, please, ask me in the comment section.
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S&P500 Index: Your Trading Plan For Today 📈
S&P500 index is trading on a key daily structure support.
Analyzing the reaction of the price to that structure on 1H time frame,
I spotted a consolidation and ranging market.
The price is coiling around 3936 - 3941 minor resistance.
I will be waiting for an hourly candle close above that structure to buy the index.
Goal will be 4010.
Stop loss will lie below the lows.
However, if the price respects the minor resistance and drops lower,
the trading setup will be invalid then.
❤️If you have any questions, please, ask me in the comment section.
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S&P500 Index (SPY) How to Catch a Bearish Continuation? 📈
Hey traders,
From the middle of August, we see a sharp bearish wave on S&P500 index.
This week, the index reached a key daily structure support and we saw a pullback from that.
To catch a bearish continuation, wait for a bearish breakout of 3900 - 3940 area.
You need a daily candle close below that to confirm the breakout.
The market will drop at least to 3780 level then.
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Please, support my work with like, thank you!❤️
Adjusted for inflation trendlineIn a philosophical way the money is a measure of value and all its quantity represents the resources from beneath the ground that are constantly being dug each day of our lives. Deluting the quantity of the currency supply does not change the value of every rare earth which came out of the ground to construct our physical world or the nutrients which fuel our productivity as facilitators of the constant digging process. Adjusting for the inflation even though its never 100% accurate gives us an idea where we are and where we are heading from the most fundamental perspective. Inflation can deceive, just like everybody who bought the 2000 bubble top thought they are at breakeven 8 years later.
Dow Jones Index (US30): Key Levels to Watch This Week 📈
Hey traders,
Here is my latest analysis for Dow Jones Index:
Resistance 1: 32320 - 32460 area
Resistance 2: 32770 - 32910 area
Resistance 3: 33250 - 33470 area
Support 1: 31390 - 31700 area
Support 2: 29675 - 30380 area
Consider these structures for pullback/breakout trading.
The price is approaching a Support 1 at the moment.
Being quite oversold, the index may retrace from that.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Dow Jones Index (US30): Detailed Video Analysis 📈
Price action analysis on Dow Jones Index.
Key levels & potential scenarios.
Trading recommendations.
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Please, support my work with like, thank you!❤️
S&P500 Index (SPY) Key Level Ahead! Your Plan: 📈
S&P500 is approaching a key daily structure resistance.
To catch a bearish move from that watch a rising wedge pattern on 4H.
Your trigger to short will be a bearish breakout of its support (4H candle close below),
then the price will most likely drop at least to 4250 level.
Alternatively, a bullish breakout of the underlined yellow area will trigger a bullish continuation.
❤️If you have any questions, please, ask me in the comment section.
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Cash Out & Enjoy the Trip The Market went through the $4165-$4200 resistance, as described in my previous analysis.
We are still in a bear market, however, the short-term directionality is bullish. The price will probably try to break the $4400-$4500 level.
The last four weeks have been incredibly strong. Money Flow Index (MFI) in overbought & Rising Wedge Formation.
From my point of view, this is a bull trap formation. It can use the momentum to get to the $4500, which I see unlikely, but not impossible. I used the last weeks to sell and get more liquidity. Now I am just watching the price action.
My Scenario:
From 15/08/2022 to 01/09/2022 -> Upside to $4200-$4300.
From 01/09/2022 to 31/12/2022 -> Continuation of the bear market / Target: $2,800-$3,500 in 12-18 months.
S&P500 Index (SPY) Time to Grow 📈
This morning on a live stream with my students, we spotted a nice trading setup on S&P500 index:
the market broke and closed above a key daily level.
Retesting that structure, the price formed a double bottom formation on that.
The price has just broken its neckline.
I expect a bullish continuation now.
Initial target - 4256
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
S&P500 Index: Key Levels to Watch Next Week 📈
Hey traders,
As I predicted, SPY nicely bounced on Friday.
Now the price is heading towards the next daily resistance.
Here are the key levels for you to watch next week:
Resistance 1: 4290 - 4400 area.
Resistance 2: 4500 - 4515 area.
Resistance 3: 4609 - 4639 area.
Support 1: 4150 - 4200 area.
Support 2: 4075 - 4100 area.
Support 3: 3900 - 3940 area.
Consider these structure for pullback/breakout trading.
Good luck next week!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️