Pair : SPX500 Index Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line. Break of Structure and Retracement. According to Elliot Waves it has completed " 12345 " Impulsive Waves. Rejecting from Strong Resistance Level
Analysis of the S&P 500 Weekly and daily time frame The S&P 500 index is near the daily and weekly supply area, and long positions have higher risk.
as it is clear we see a FVG and a lower low after reaching to a new high last week. so I suggest to have a sell model to 5164
Pair : SPX500 Index Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame
#SPX The price has been moving in a descending triangle since July 2023 We are now on the verge of breaking the downtrend The moving average 100 was broken to the upside Current price 0.3852 First target: 0.4300 Second target 0.5075 Third goal 0.5979
#SPX The price is moving in a downward channel, and we are about to break it higher. On the 4-hour frame, we saw clear upward momentum after some correction occurred. Current price is 0.3715 The first target is 0.3930 The second goal is 0.4100 The third goal is 0.4290
Considering the projection outlined for the future SPX in a previous analysis, I realize that the target pointed out by SETUP on the long-term chart has been reached. Therefore, I think we have nowhere else to go up without at least having a small correction towards the 4685 region if I only consider the graphical analysis. See the image below. Despite...
Chart is self-explanatory: Confluences: Deep Crab PRX Top of the Parallel Channel 1.618 of the move from 4612 to 4100 Bear Div on RSI if We get a move down in coming weeks
SPX will be the first update from TheTradersRoom. SPX has hit its desired target we have called yesterday - 4904.50-4909.50 So I call it a perfect hit. Today's reversal came on a heavy selling, also got a black reversal daily closing SPX candle, which if not broken 1c above should mark at least a temporary top. If the price did find its top, then tomorrow's open...
Hi guys, I want to share with you this bullish megaphone pattern. I had made several post on this pattern we still look to be following it. I am still bullish on the stock market in general even though things look bad right now. I have compared this on a monthly chart but the weekly looks very identical to the image I attached. Please like if you find it...
📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not. 🏃♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines...
SPX flat correction and we completing the C-Wave now of B-Wave! That is all I can make of this rally for now.............................. Looks super legit for now, lets see how it plays out into 2024!!!!!!
Pair : SPX500 Index Description : Exp FIAT as an Corrective Pattern in Short Time Frame and Rejection from the Lower Trend Line after it has Completed " abcde " Corrective Waves. Impulsive Wave " 1234 " Completed at Fibonacci Level - 50.00% Entry Precaution : Wait until it Breaks or Rejects UTL
The 1st half-year of 2023 is near the end, so the June Triple Witch quarterly expiration on the financial markets just took place the business day before. The S&P500 index ( SP:SPX ) has added 14.44% in net prices since the beginning of 2023 and 15.36% in its total returns ( SP:SPXTR ), back to levels above 4,400 that were not seen in the past 12 months since...
Boeing results topped analyst expectations Wednesday thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production, but losses in its defense and space businesses drove the manufacturer into the red for the quarter. The company generated $2.6 billion of free cash flow in the second quarter, ahead of analyst forecasts, and...
Pair : SPX500 Index Description : Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction. Entry Precautions : Wait until it Complete its Retest and Rejects
In my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance...
SPX 500 Lower highs now for the last two months and higher lows still bearish here till break the highs at the $4333 area, the target is the next low on the left at $4100