Nice rally performed ytd by $SPY but I doubt this will stay up in the up direction trend. There isn't much strength to the rally with RSI decreasing and MACD crossing down on the 30mins chart. The bears should win this one, at least for a while. Disclaimer: I am not a professional financial advisor, I do this for fun. Sometimes I am right, sometimes I am...
SPY reached the middle (red) of the pitchfork line which is a likely point of bounce (and it already bounced off a bit from the line). On the higher end SPY reached the same width of the pitchfork channel (a little over). The red circles show the top and the bottom.
A mid-year check of the S&P500 futures ES1! show an uncanny resemblance to the beginning of 2008. This has been reiterated by many already over the recent months, and it appears to continue as outlined by others too. In the monthly log chart, there is an eerie resemblance that might bring the S&P500 to 2600-2800 levels, if by a similar magnitude to...
expecting a sharply reversal in wave (iii) of ((iii)), critical level at 15266
the push higher than 1901.35 will confirm that wave A of (4) ended and wave B is in play, critical level at 2458.855
downside focus remains, expecting more downside near 118 to complete wave (4), critical level at 179.61
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be...
downside focus remains, expecting more downside near 28508 to complete wave ((iii)) (wave ((iii)) = 1.618 * wave ((i))), on the other side the push higher than 33108.89 will let us expect a move to all-time high in a 3-waves to complete wave B of a flat wave (4).
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be...
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be...
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be...
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be...
Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be...
expecting more downside to complete wave ((iii)) of A of (4), critical level 15229.01, the reasonable target for wave ((iii)) is 10141.27 (wave ((iii)) = 1.618 * wave ((i))).
upside focus remains, expecting a strong move higher in wave (3), critical support at 0.776
expecting the larger correction in wave (4) to be started, looking for wave ((iii)) in the downside to target 10140 ( wave ((iii)) = 1.618 * wave ((i))).
Upside focus remains, expecting a strong move higher in wave 5 which target higher than 1592
expecting a decline to the 0.382 - 0.50 Fibonacci retracement of wave ((iii)) then a reversal to a new high in wave ((v)).