S&P500 - Long; For now ...This naturally rimes with the Nasdaq signals and with the overall global equities outlook.
Here, two opposing forces are the most significant factor;
1) The unfolding (and enduring!) USD strength - Downward pressure ;
2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure .
Driven by the rapidly unraveling globalization (driven by a Europe which the US decided to turn into a bonfire that is now clearly visible from Alpha-Centauri, and a China which is dying of old age as the demographic apocalypse is hitting hard this year - 2023), these fundamental forces will likely make this year one for the records - especially when it comes index (equities) trading.
Many, many trading opportunities to be expected, throughout this year, probably far more than in other periods.
Laissez le bon temp roule!! ...
Sp500_stratgy
Long term Bearish signs SP500 - MT 3200Rejected from top of descending channel with double top figure.
Closing under the 1-day 50MA and Supertrend.
Opening Boiler Bands with a down move toching it.
1s Targer 3500 - 50% fibonaci level and bottom of last move.
2nd Target (Main Target) 3200 - 61.8% fibonaci level.
3rd Target (REKT) 2760 - 78.6% fibonaci level.
for frist week of agust = sellstop in low of sp500Stoploss =4412 trailstop= 16.00 point
in coming day sp500 can go up or RANGE (AC or stoch 7.4.4 on 4hour chart show this ) if it can break high,can touch 4470 - 4520 (fibo extention,projection show this ) so until break low(trend) looking for buy in deep is clever idea
break low 4366 mean downtrend can start will crash sp500 minimum to fibo 61% (sp500 low pullback to fibo 61%) ok?
GREEN ARROW= you must put buylimit with SL=16 tp=new record(high) after they open ,dont close soon ,give 10-15 day time to reach high
good luck
SPX's Elliott wave count weekly,for the RSI deep & crazy stuff !Guys it is probable now, that we might have and extended first wave count !!!. Comparing
2009's bottom and Covid's bottom we have very clearly identified two sets of Elliot counts
one is Text book count (2009), and the other is since Mach's low and it is still in progress !!!
Both are for the RSI (Not SPX's price ) . If this plays out, it would be just insane to say the
least. whether it happen or no is something else. Lets follow this with an actual Elliot count
for SPX's price and see how does the RSI count follows the actual SPX's price. Either way,
this is just another attempts to figure out our location in this "Universe" of SPX :-) .
I really guys, pray, you are digging what i am trying to tell you and chart before you .
So, what does it mean if we are extended in wave 1 .Well, the Elliott guide are here
to explain to us what is next to be excepted.
Fibonacci Retracement and Extension Guidelines:
If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1
If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%)
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1)
SP500 - The Phantom Menace (Episode I)As can be seen in the graph, after the pandemic, it collected rapidly and it seems that it will continue the rising wedge movement to the end.
If the targets for the future will not be 4000+, we can see a very sharp decline as a result of the rising wedge formation from here. In this sense, it would not be wrong to expect the prices to fall back to 3000 levels due to the formation target. However, this 25% decrease would be a disaster for the financial markets.
The place to enter the game is as important as where and when we exit the game. It is useful to be careful, especially in light of these inflationary expectations. TVC:SPX
It contains only personal views and opinions. Does not contain legal investment advice ...
MY STRATGY FOR TRADE DAX AND GOLD my break trend stratgy
draw all trend line and support on weekly,daily,1hour,15min chart
charting.godmode-trader.de
after practice you must see on gold 9 tp 1 sl and on dax 3sl 7tp(dax manner is zigzag,gold is super trendy)
USE ONLY SMA200 (simple moving avrage) on gold AND EMA200(exponential ma) on dax
EMA 200 (sma200)in 15-60-1440min is very very important put this 3 on your chart
AC (accelator occilator ) in dax is for 30-240min but in gold=60-1440min
if you dont have AC , use fast stochastic 5-3-3 simple (candel avrage ,not close )
on gold use fibo for TP and on dax,dow,sp500 use fibo extention(projection) allways your tp must be min 3*sl or more
charting.godmode-trader.de
dont judge soon like stupid,try this 1 month and 20 posation then judge
good lock