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I´m expecting a drop on this index soon. Trade according to plan and enter just after clear rejection candle on 1H-4H chart. Cutloss if any of 4H candles closes above the SL zone. Wish you good luck.
Nothing new here really...similar to other ideas just making it a cleaner plot.
I believe the Spx is going to continue down. I list fib levels that it can go up to from yesterdays drop before it goes down to at least .5 fib of the current wave.
divergence on macd. Targets (support levels) : 1- 3750 2- 3533 3- 3743
As I explained before, I don't think has turned bullish and the 4200 zone should offer great resistance. Indeed, from that zone, the index has started to drop, and although we have had a mini up trend in the past 2 weeks or so, the rise is anemic and clearly corrective. Yesterday's strong bearish engulfing could announce a new local top and lower high in place and...
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Here on S&P500, price has completed a larger continuation correction on the larger scale, and lower time frame is showing more bearish price action. What we can see now is the price has clearly move down in an impulsive phase on the latest development since last week. This is good sign for more bearish price action this week. For now, its best to see if...
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I previously discussed the likelihood of the S&P 500 Index (SPX) experiencing a rebound towards the 4000-4050 range, with particular attention given to the 4020-4040 level. The index indeed reached approximately 4039 before encountering a substantial pullback. Trading on such days can be complex, and if you're not positioned correctly and overleveraged, you may...
If you read last week’s article, you saw results for the famous (or infamous!) moving average crossover. It bombed vs buy and hold over the last 10 years, even when using take-profit and stop-loss levels. So, how do moving average bounces perform with the same exit levels? That’s what we’re testing today… The Trading Truth Test Setup Our setup is the same...
Simple idea. Price has drifted closer to S/R line, seems likely to test it soon. Buy that dip, but Bear is not over! Indicators approaching oversold; FOMC FOMO likely start a weaker rally to a right shoulder; then June Swoon.
Bear market isn't over yet. Based on wave (W) and (X) we are going to get 3 wave move higher which will be end of wave (Y). Bear market will continue after completion of wave (W) (X) (Y) in red. Let's follow up closely...
The futures are looking pretty dreary for the S&P 500 but it could just be a test of the bottom of the upsloping channel.... market is selling off but is there really any thing new or surprising lately?
interesting chart here. we have spx/nq1!, the bottom formed in nov '21. this was a great 'exit all markets' signal. local top was jan '23, which was a great 'risk on' signal. now we're in a potential wave 2 zone with rsi hitting oversold for the first time since 2020. i think this will turn into another macro 'exit all markets' signal.
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