Here is my prediction of the SP market bottom. How do we get here. well currently the small and medium stocks that were overpriced have been smashed, I'm talking about all specs the poster child of the 2020 run, all speculation stocks lemonade, zoom, peloton and other retail favourites have been killed. Ive always said the market will bottom when the big names...
CME_MINI:MESU2022 Current market structure, sell-side was taken with a displacement to the upside. Entering long after 8:30am on a return to a discount relative to the current trading range. Stop placement below 3903.25, targeting previous day high. Keeping the risk low because of non-farm payroll. Anything can happen!
Opinion: - ES1 tested demand zone and successfully bounced from it. - Break Above 150D MA showing bullish momentum Strat: - Sit - Assess Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The...
This is a follow up to my previous SPS500 analysis. Have a look at the idea mentioned below to check the wave structure on Daily Chart: Currently we are in B wave which due to bullish sentiments in the market expanded above the start price of Wave A. Similar to NAS, I am anticipating the converging diagonals on SP as well while expecting the drop in prices by next week.
We saw nice pump on Friday before market closing and an upward gap upon market open showing that the bears are getting hammered. In meantime, I would like to point out on the overall outlook on S&P according to daily time-frame. As you can see the correction shown on daily time-frame which consist of simple WXY waves are still underway. I am currently projecting...
Almost 80% of the market has turned bullish at this time. So I would like to point out a Bearish case on SP500 today. Similar to my BTC outlook, this also involves formation of Expanding Diagonal Waves. Even though we broke upward from the trendline, this does not implies that we have invalidated the bearish PA (at-least not yet). We are currently at a critical...
More theory A diagonal triangle is always subdivided into five waves. An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat. A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag. Waves 1, 2, 3, 4, and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into...
With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our entry where the horizontal swing high resistance is to our take profit where horizontal overlap support is. Alternatively, price may head to our take profit where the 78.6% Fibonacci retracement, 127.2% Fibonacci extension and 100% Fibonacci...
The chart posted is the best wave structure to stay with .I feel based on the fib and spirals cycle that I have been posting . and the fact we peaked into 2.618 at 4711 /4718 target that the only aly was a cluster at 4917 plus or minus 2 . . But with us breaking down in IWM and NYA . I feel that the cycles would be hard down into jan 6/20 focus date jan...
the general direction of this week is downward under 4145 to reach the 4070 first station and 4000-second station so tonight will try to make a retest from there 4116 till 4145 or 4170 then to down again ------------- my view for S&P 500 INDEX : sell under 4140 tp: 4100 & 4080 & 4000 sl: 4180 risk 2%
Technically, we are repeating the same movement as in 2008. Breakout the trend line - test - and continuation of the fall. Fundamentally - the war in the center of Europe. The potential risks of aggravation of the situation and involvement of other countries. The probable default of many countries and sanctions that hit on both sides. Rising prices for oil and...
The movement of this week will between (4140 - 4235) By the condition not breaking 4100 to down +++++++++++++ Tonight after opening the market we will look at the movement of the market if stable above 4140 after 4h candle then it is possible to make upward will start bullish till about 4200 then we will look
the general direction is down inside the channel SPx Downtrend Entry: under 4215 & 4225 TP1.: 4185 TP2.: 4140 TP3: 4100 SL 4243 RISK 2% Timeframe 1H & 4H
Sitting right on the parallel channel from the swing high. A break here could be very serious. I'm sure everyone already saw this though, right? Good luck out there!
All turns past to present and including the PANIC CYCLE FOCUS DATE MARCH 18/21 2020 are moving forward and all within 2 to 13 days on long term basis .I see a rally to a new high if we can hold 21 % decline within the sp 500 this rally will be a min of 14% but no more than 19.8 to 20.5 % from this low . Fractals second basis other than the...
Not making a prediction here, just looking at the fib channels and the recent price action. Looks like a little retest at EOD yesterday. This morning will be telling.
Getting buy signals and very bullish momentum on every chart here. The S&P has potentially completed a zigzag starting at the highs. This zigzag does not tell us much about where price is heading but we should be up from here. It could just partial retrace and get a b-wave, or it could full retrace and make new all time highs. Either way this will probably go back...
We should be ending a wave C down now for an abc down I will move to a 90 % by adding a 5% on stop at4399