Pair : SPX500 Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame. It has completed " 12345 " Impulsive Waves at Daily Resistance Level creating Double Top Pattern as Corrective Pattern in Short Time Frame. We have Strong Divergence and CHoCH
SPX500 went up and hit A horizontal resistance of 4770 From where we are seeing A bearish reaction so I think That we will see a move down !
SPX500 broke the key Horizontal level of 4588.4 And the index is trading in an Uptrend so I am bullish biased And I think we will see Some further growth !
#SPX had some nice upside today, but the daily candle closed at resistance though. Tomorrow will be important for seeing whether SPX breaks above resistance or gets rejected back down.
Hi Everyone, A summary of the last 5 recessions since 1981... These recessions triggered declines of at least 20%. The Great Recession from December 2007 to June 2009 was the one that most affected the market with a decrease of about 57%. Regarding macroeconomics, the Americans are currently implementing a monetary tightening policies and have announced a final...
SPX Daily Price Chart After the recent bounce of the level of resistance (Red Box) the SPX snapped it's first small level of resistance (Teal Dotted) and has continued lower. Price has also closed below the 50-day EMA while the 12-day and 26-day have recently crossed and the 50-day flattens out. The next level of support (First Green Box) should come into...
Key levels stands at 4301- 4396-4461 Index seems to resist a break below 4350. The region under shade is crucial for bullish/sideways stance to continue. A break below which can index see under heavy selling pressure
SPX500 was going down And the indice broke the Support level of 4527.00 Which is now a resistance And I think the price Will go further down !
Hello 🐋 Based on the chart, the price is close to the unbelievable resistance zone (the descending channel resistance, the parallel channel resistance and the ascending channel resistance) ❌🧨 we expect to see more correction to the downside ❌🧨 brief green candlesticks before shark dump and correction is logical ❌🧨 Please, feel free to share your point of...
We are possibly in Minuette wave 4 of Minute wave 3 of Minor wave 3 of Intermediate wave 3. Could see another strong day of movement tomorrow after a possible early morning drop. From here we could go UP toward 4185 by the close tomorrow DOWN toward 4148 by early Monday morning UP toward 4236 by mid-day Wednesday DOWN toward 4185 ( or whatever the top was on May...
Now that last week has settled, it looks like PATH TWO was the chosen path from Like most of my analyses the original analysis is normally the correct one. Most premature analyses tend to rush a process that should otherwise be left alone. What does this mean? Intermediate wave 2 was later than initially projected and did not go as low per In fact, the...
We likely just finished Minor wave 2 with the low today or if another low is reached shortly after the open. The prior low at 4049 is the level to watch. A drop below this would likely place us on my prior analysis PATH TWO and continue Intermediate wave 2. Intermediate wave 3 still remains the likely location and the drop today would have been the Minute wave C...
With the likely conclusion of Minor waves (yellow numbers) 1 and 2, I am providing a short-term update. I have taken the final values from both of these waves to forecast the end of Minor wave 3. I originally had the entirety of Intermediate wave (pink numbers) 1 ending by April 6 around 4112, but that will now likely occur a little later. The centermost wave...
SPX500 is trading along The rising support line and Is about to retest the support So I am bullish biased and I think We will see a bullish rebound
SPX500 is trading in a rising wedge But sp500 is stuck below The horizontal resistance at 3870.76 And the bullish breakout has failed So IF we see a bearish breakout Of the rising wedge Then I believe Will go down
technicals in times of financial crisis hold much less weight. Data and the Feds monetary policy will clearly dictate which way the market moves from here.
SPX500 was trading in a downtrend Along the falling resistance line But then we saw a bullish breakout And a pullback to retest the broken level So I am locally bullish biased
SPX500 was trading in an uptrend Along the rising support But now we are seeing a bearish breakout Of the support confluence Which is now a resistance cluster From where a further move down It to be expected After retesting an area 3908.77