SPX500/US500 "Standard & Poor" Money Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist SPX500/US500 "Standard & Poor" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 1h timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Us500index
US500 WEEKLY ANALYSIS Next week we will see a break in resistance to continue to Supply Zone or a rejection of the price for a reversal to demand zone
US500 Next MovePair : US500
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Retracement
Divergence
Break of Structure
Bullish Channel in Short Time Frame as an Corrective Pattern
Completed " 12345 " Impulsive and " ABC " Corrective Wave
SPX - Relief until the FOMC meeting? In tandem with what we predicted last week, the market experiences wild swings up and down. By yesterday's close, the SPX was up approximately 5.3% from its 2022 low. Then today, even prior to the U.S. market open, ES1! continuous futures are already pointing to another appreciation of at least 1%.
With that being said, we expect the market to continue showing signs of relief until the FED meeting between 1st and 2nd November 2022. Indeed, we think it is likely that the SPX will try to break above 3800 USD today; if it succeeds, then it will further bolster the bullish case in the short term. In such a case, we will pay close attention to other potential resistance levels at 3850 USD and 3900 USD.
Despite short-term bullishness, we remain bearish in the medium and long term. Furthermore, we expect the selling pressure to return to the market after the FOMC meeting. Our views are based mainly on macroeconomic factors. However, at the moment, we abstain from setting any price targets.
Illustration 1.01
The picture above shows the daily chart of SPX and two simple moving averages. Additionally, the red arrow shows declining volume for the past three sessions, reflecting a cool-off in the selling pressure. If the price holds above the 20-day SMA, it will be bullish for the short term.
Technical analysis - daily time frame
The RSI points to the upside; the same applies to the MACD and the Stochastic. DM+ and DM- are bearish. Overall, the daily time frame is slightly bullish.
Illustration 1.02
Illustration 1.02 shows the weekly chart of SPX. Two moving averages are still in the bearish constellation. We will monitor the price's ability to retrace toward the 20-week SMA and the 50-week SMA, which would represent a strong correction of the primary trend.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are neutral. DM+ and DM- are bearish. Overall, the weekly time frame is turning neutral.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.