Supergalactic

Supergalactic

Looks like S&P is heading towards the top of a big channel that began from October 2023 low. This is an attempt to predict when and where it would happen, which is approximately on November 18 at 6115.

Supergalactic Updated 

So here is another channel. The July peak made an extension of this channel, and the price didn't arrive to that extended part neither at the top nor at the bottom since then. Even if the price will arrive to that extended part at the top of the channel, it won't reach 6000 before the elections unless it makes a breakout in the upward direction thus making a new...

Supergalactic Updated 

The price has hit the bottom of two ascending channels yesterday. Perhaps the last wave has just begun. I'm not stating that it will reach 6000, but If the price stays inside the blue channel, it can potentially reach 6000 by November 20. If the price drops out of any of the channels, it will be a strong bearish reversal signal.

Supergalactic

The price has hit the bottom of two ascending channels yesterday. Perhaps the last wave has just begun. I'm not stating that it will reach 6000, but If the price stays inside the blue channel, it can potentially reach 6000 by November 20. If the price drops out of any of the channels, it will be a strong bearish reversal signal.

Supergalactic Updated 

The price has just broke out of the channel. If it's not a fake break out, I expect to see some correction this week. Perhaps it will be insignificant like the previous one at the beginning of the month.

Supergalactic Updated 

I expect to see something like this next week. The price breaking out of this orange channel will confirm the beginning of a correction.

Supergalactic Updated 

S&P 500 moved pretty high today, but don't fall for a bull trap, it's just a part of the correction. The price is moving in a descending channel right now and I expect that it will go down to the support area at 5650 tomorrow and hit a red trendline. Then it will either go for a deeper correction or maybe start a new growth wave.

Supergalactic

Gonna use this channel to find good short entry points. The correction will be confirmed when the price breaks out of it in the downward direction.

Supergalactic Updated 

If the current level fails to resist the price the next possible top is ~5652. Violet line is the trendline from two previous ATH which coincides with the expansion of the descending channel.