SP500 from the bottom of the channel upThe long-term trend remains bullish and the current ABC corrective pattern could have been completed.
Sp500analysis
S&P500: Exhausting 🥵An exhausting time lies behind S&P500! It has been moving up and down with vivid gestures and has paced itself a bit only recently. We expect the index to take a rest in the magenta zone between 3788 and 3683 points, where it should also finish wave iv in magenta. Afterwards, it should be revived enough to rise towards the mark at 4101 points. However, there is a 33% chance that S&P500 could be too nervous to relax and thus could climb above 4101 points immediately.
SPY Long Legged Doji on Daily!!! What's up everyone. Been a rough last few weeks as we know! We ended this CRAZY week in a DOJI and Daily Which looks to be a Long Legged Doji (Trend Reversal)
We do on the other hand a have a gap to be filled at 400 levels highlighted. It could either dump down there and fill or possible gap up monday morning..
From the looks of it though with Bitcoin going down slowly we most likely will fall through 400 anyways... When? I cant tell you!
Anyways good luck everyone! We shall see what happens :)
Evening Update: When I say the Bulls blew it...I mean it!Today was disappointing to say the least. When I say I know some of the best Elliot Wave Practitioners on PLANET EARTH, I am not exaggerating. No one was expecting this. The Math at the 1.0 Fib Extension was perfect. WHY GIVE IT AWAY?
The problem with today is we lost positive divergence on the daily chart. What does that mean? We go down...is what that means, and we now need more time to rebuild positive divergence on the daily chart before we can even think about looking up. That's why today's morning update was titled "TODAY HAS TO BE THE DAY".
Therefore I look to the next area of support at the 3700 level. Is it strong support? NO
But for right now there's no power behind the BULLS so this could end up getting far uglier before it gets prettier.
Potential Good News: The breach of the 1.0 was not substantial. To change my perspective on the above I need to see the following.
1) I need a lower Open in the AM.
2) I need to see off that lower OPEN a rally of epic proportion. a Green close above 4084.00
I'll see you all in the AM as we continue our efforts to track a bottom.
Best to All,
Chris
Researche in desctiptionTheory of Rational Bubbles:
www.jstor.org
Testing for Multiple Bubbles:
korora.econ.yale.edu
✅S&P500 SHORT IDEA✅S&P500 is looking bearish on weekly timeframe
✅As per my setup and strategy we are highly expecting price to drop lower my target will be 3581
✅ This could be bad news for crypto
✅Plan risk management according to your requirements.
✅The setup might fail if any external event effects the price or if did not follow the rules
Note :This is my personal opinion ,do not take it as financial advise
SP500- I expect a violent dropYesterday SP500 has risen fueled by the FED.
However, this rise is extremely short-lived and the index is back in support
I expect a break of this support followed by a violent drop.
3.5k remains my target and I think it will be reached sooner rather than later
Recession will push S&P500 down further - Bearish Stock MarketLooking at historic recession losses of the S&P 500 and given the current market conditions pointing to a recession one has can derive more downward movement for the stock market.
Looking at the S&P 500 there is still a lot of room downwards to an overall 20-40% correction down into the recession from the last ATH.
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SP500 in sitting on support, breakdown is imminentIn my previous analysis regarding SP500, I said that I expect a drop under the 4k figure and things are getting closer and closer to that moment.
Looking at the price action for the past 4 months, we can see that after a very bad start of the year, stocks have tried to recover, but sellers capped gains in the 4.5-4.6k zone.
A new attempt of recovery started in late March, but again, sellers took control in the same 4.5-4.6k zone.
Going further into last week, we can see that after reaching support again, SP500 rebounded on We and Th, just to sell off hard on Friday.
All this price development, for me at least, is very bearish and I expect a break of support.
In the medium term, my target remains 3.5k, September and October's 2020 highs, and also Fibo 50% for the start of "pandemic" rise, and only SP500 back above 4.6k is bullish in my book.
Of course, also my strategy remains the same: Sell Rallies
SP500 can drop under 4k and enter bear market territorySP500 has started 2022 badly and things look like will get worth.
After an initial drop to 4.1k, the index tried to recover, but 4.5k proved to be a strong ceiling and SP500 rolled back down.
Now the index is trading in February's low and I expect a continuation to the downside.
A drop under 4k would be significant for SP500, both psychological and marking more than a 20% drop (bear market, at least by the book).
In such a case, panic selling is a very probable scenario, and the price can drop fast to 3.5 support.
I'm very bearish SP500 and I will remain as long as the price is under 4.5k
⁉️ S&P 500 Weekly Analysis✅ Here I am looking for a long position if the price take out the liquidity below PWL (previous weekly low) and rejects from the daily bullish orderblock + institutional figure 4200, also the price has to fill huge imbalance left behind.
S&P500 turned bullish A good trader has to adopt for the change in trading environment.
the so long correction in s&p500 index is in a wedge shaped and now broke-out with 5 waves.
the 1st confirmation for bullishness (formation of wave''E'') is set as this BO (5waves)exceeded 62% of wave 'D'.
wait for 2nd confirmation ,a pullback up to 38% of new wave 'A '(4455)this week (FED int rate will be a surprise),buy above 4640 (3rd confirmation)
IF all set, the S&P500 rocket will climb to reach its targets (4930,5400)during this earning season
S&P500: AmbitiousS&P500 is quite ambitious these days and has made it not only into the middle white zone between 4458 and 4509 points but also into the blue zone between 4510 and 4550 points directly above it. As matters stand, there is a 38% chance that the index could rise above the resistance at 4585 from this position. However, we rather expect S&P500 to initiate a countermovement first, which should lead into the lower white zone between 4406 and 4297 points. From there, the ascent can start in earnest and should proceed above 4418.75 points, above 4585 points and into the upper white zone between 4592 and 4643 points.
We should not yet forget, though, the possibility that S&P500 could still fall below 4239 and even below 4101 points, which would result in a detour through the magenta zone between 4086 and 3980 points
S&P500 One more low very likelyBased on recent market movement we can see that the Yen is at an extreme area along side with the dollar missing another push higher we can speculate that possibly we will be risk off in the market for the next 4 to 6 weeks or so.
Based on the structure that the S&P has made it is very likely to see it dropping towards 4000 area.
This is only for educational purposes only.
SPX500 Weekly Game Plan $SPX500 Game Plan
As much as I hate opening a position against the trend, these are two levels that I will be observing. In an ideal scenario I want to open the short upon confirmation. What does this mean?
If price reaches one of the two levels - $4524 or $4586, I want a small retracement followed by a double top or lower low. I can then open a short position with a stop loss above the recent high.
For the first order that would be somewhere around $4547, and for the second order that would be around $4617.
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P.S. I've been inactive for the past month, so I do apologize to those following me. I am picking up the trades again and soon I will release my new core trading strategy, which relies on trend following and so far has been very promising on indices and commodities, which is what I mainly trade.
sp500The correction from ATH 4900 looks to be complete, the labeling as of today would be a double. Flat (3-3-5) Zig Zag (5-3-5) the Wave 1 (projected not confirmed) off the c wave low looks impulsive and also looks to have more running room. A break of the top TL on W3 would confirm my count.
sp500 looking for a path back to 4300Potential bounce from D leg, could carry over to a bigger bounce to the Bigger B leg at 4300. Sp500 will look to regain levels before Fridays sell off. I expect side way action and a slow and steady rise into Wed Meeting. Any rate hike less than .50 the market sells off to 3800 level. We also could get more bad news from the emerging markets in which im short. 4150 was my target for D leg and bounce.
(not trading or financial advice)
SP500The world’s most important stock market index, the S&P 500, closed Friday with its lowest weekly close since June 2021, and is very close to making the first “death cross” / “bear cross” (50 day moving average crosses below the 200-day moving average) seen since the coronavirus shock of March 2020. This is typically a bearish sign and indicates lower prices are somewhat likely to follow, which is of course supported by the risk-off sentiment caused by the Ukraine crisis. It is probably not a good time to be buying stocks or trading this stock index long, and we can expect this moving average cross to happen very soon.
SP500 Bearish on Monthly chartVolumen increased 100% in the las 2 years due to money printing for social aid (Pandemia), RSI Oversold... Bearish in the following 12 months
Not financial Advise
Monthly Chart
S&P500: Check Your Air SupplyS&P500 has to check its air supply because it must decide whether it should dive until the bottom of the turquoise zone between 4251 and 4135 points immediately or rather return to 4275 points first for some fresh air. Whatever its decision will be, we expect the index to start into a new upwards movement after finishing wave ii in turquoise at the bottom of the turquoise zone or just below it at the latest. To accomplish this upwards movement directly, though, S&P500 must not slip below 4101 points. Otherwise, it would have to swim through the magenta zone between 4086 and 3980 points before rising up again. Still, there is a 40% chance that this could happen.
Is SP500 resuming its up trend?Since the beginning of the year, SP500 lost almost 20% of its value from top to bottom (close to entering bear market territory)
However, the drop from the top looks corrective and 4100 can very well be the end of this correction.
Technically, the drop under 4250-4270 support was quickly reversed and is a false break and, if SP500 manages to break back above 4400, we can have continuation to the upside.
For this bullish scenario to be valid, 4250 must hold
S&P 500 ANALYSISHELLOOOOO PIPPIN PEEPS!!! HOPE YOU'RE WELL. This week is the indices week. (UNLESS THE SITUATION WITH UKRAINE AND RUSSIA SAYS OTHERWISE). Trade with care....HAPPY PIPPIN.
