A possible cup and handle has been building on es1! for about a month now. Looking for a breakout or rejection moving into the week. We haven't broken out yet. Pretty interesting lunar week as well, with a total lunar eclipse on the 14th and some wild times with strange planetary positioning. Honestly, I don't trade-off astronomy but there's no doubt that it...
The S&P 500 ($SPX) wrapped up a losing week, as the outlook for additional fiscal stimulus remained uncertain. The benchmark index declined -0.82% (-30.3 points), with an establishment of an all time high session at 3,715 level during the week. The minor sell off during the week has the volatility of the index at it’s 10 weeks, with price volatility range at an...
First support floor reached. Current demand zone in the 362-364 zone. Looking at the volumes, activity is falling down since November. Last move down before a strong Christmas Rally?
2 scenarios I see playing out one is we go bullish other is bearish but im ready for whichever side
Be cautious and set stop loss even if you investing. ATH SPY high 4K looks pretty reachable in the short term though. Notice how times have changed, now the drops and recoveries are even faster. Exponential.
SPX500 in the zone for some FOMO b4 big dump into 2021-22
My original idea posted on Nov 6 related to a potential target of 600. Check the linked ideas for more details.
Today we will speak about the Huge corrective structure that has been broken on US500 a) After all-time highs of September 2020, we had two months of sideways movement and the presidential election in the middle of all that. Then, Pfizer came saying "we have the vaccine" and a new all-time Highs came. b) After that, we saw a new corrective movement, with...
Bear case (just a theory): If we take a look at time and space on this daily chart, 25 bars (35 days) for the trough-peak-trough before the election. If we take the FDA talk on the vaccine for the same whatever reason, I believe there is a possible downside of ~9% until Dec 9th, a trough-peak-trough total of 29 bars (36 days). - Yellow trend line act as...
After US election, SP500 has started to rise and now is trading more than 10% up since the recent low and just under all-time high. Although I don't see any fundamental reason for this rise the market always knows better. From the technical point of view, the index broke above the trendline resistance of a symmetrical triangle and we can see a new all-time high...
Just as feared, SPY did not break the resistance. Will need a bigger push to break that resistance. Back to 351 - 352 range tomorrow @EMA55. 1.2 billion was out from the market later in the afternoon today which made SPY go down. Since cases are rising and lock downs are initiating by some states, it is unlikely that onshore and offshore investors will invest,...
RSI is starting to fall after hitting overbought level and while vaccines signals a change in fundamental and returning back to normalcy will happen, SPY is actually 10% up year to year and has little upside to continue. As Covid cases rise and soft lock down happen across the country, the better play will be short the next 2 weeks or until SPY find supports...
Daily Technical Analysis on $SPY, watch these levels. - Cases rise across US with over 11 million cases and 248k deaths in the USA alone, over 1 million deaths world-wide. Levels To Watch: - Support(s): $361, $358.86 - Resistance(s): $362.9 DotcomJack | Daily SPY
Here’s some arguments and trend levels for SPY if this market continues. You can see from the pink lines where we ultimately traded sideways for a number of years before starting this bull market. As it continues, if it does not end before 2022, here are my levels
Breaking down $SPY and what 11/16 could look like. Tune in! If you like this content, hit subscribe or smash the like button. Any request can be left in the comments and ill get do my best to provide a solid breakdown. YES I KNOW I LOOK LIKE HARRY POTTER.
Daily Technical Analysis on $SPY SPY, share your thoughts please. Levels To Watch: - Support(s): $351.59, $34.55 - Resistance(s): $357.56, $360.63 DotcomJack | Daily SPY
After looking at the macro conditions and the current Elliott Wave count, I believe these is a huge risk of downside coming. Cases for market top: • Elliott Wave count, with perfect ET triangle in Wave 4 marking the start of Wave 5 • 1.0 Wave 1 extension to project Wave 5 end • Market Euphoria, large participation by retail • Blow off tops in tech stocks and...