AMEX:RSP chart analysis/mapping. RSP ETF rally representing S&P market breadth - offering legitimacy to overall market strength & further indication of healthy stock rotation, instead of "Magnificent 7" concentration. Trading scenarios: Continuation rally #1 = ascending trend-line (white) / descending trend-line (light blue) confluence zone. Continuation...
AMEX:SPY chart analysis/mapping. Spy ETF strong rally throughout November - is it due for a pullback in December? Trading scenarios: Continuation rally #1 = gap fill / ascending trend-line (white) confluence zone. Shallow pullback #1 = descending trend-line (light blue) / 78.6% Fib confluence zone. Shallow pullback #2 = Golden Pocket / descending...
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I was wondering if futures can predict market movement. Here's a monthly chart showing two values: * green: the difference between ES futures and SPX, divided by SPX to keep it proportional in a rising market * orange: SPX itself It shows: 1. Futures fluctuate over the 3-month cycle 2. SPX declines after peaks in the difference between ES futures and SPX - see...
A thought from me to you: "Maybe madness only comes to the people who think the most!" For those who like to think outside the box, I personally think that the future dictates "our present". Yes, because the future we desire will dictate what we must do in the present, so that our future can come to fruition. What a thing, right? Looking for a soft landing?...
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DXY chart) We need to see if it can be maintained by falling below 102.089. ----------------------------------------- (SPX500USD chart) (1M charts) If it holds above 4419.8, it is expected to...
The S&P 500 reacted strongly from the extreme boundary of the wave (4) area. The main question is now if this reaction is impulsive or corrective. With the current data, it starts to look impulsive.
a long term rounding bottom or cup and handle on SPX is very rare. we can see 7500 target in 18 months in spx . new breakout in major of the index possible in 1-2 months
TVC:VIX is trading under the "13" support level. The 12 area has not been touch & there's a struggle trading above 13 again. Let's dissect shorter term, 1Hr (not here, see profile) There's slight positive divergence being formed. However, it is way to early to say #VIX will reverse here. CBOE:SPX closed STRONG on Friday and the #SPX500 had the highest in...
S&P500 is overbought on its 1D technical outlook (RSI = 72.156, MACD = 58.110, ADX = 59.863), a logical outcome considering the aggressive nature of November's rally. This rally is the HL rebound on the bottom of the 1 year Channel Up and is more effectively understood with the help of the Fibonacci levels and ranges. The price has been trading all week inside...
📊 Market Sentiment Neutral to Short-Term Bearish: Entering December, market sentiment is mixed with a cautious outlook. Traders are closely watching Jay Powell's speeches for potential market-moving insights. After a record-breaking November, markets are consolidating, suggesting a period of uncertainty. 🔄 Recap November concluded with a mix of bullish runs and...
Seems, clear to me the obvious answer is YES! So let's cheer on #STONKS cracking 5,000 on the #S&P As we would likely see risk be fully turned on, and cash to flow into the #Crypto space. FWIW I think the #Economy stinks but that doesn't necessarily mean assets can't go up in number. There are plenty of examples where this is the case. Argentina. Turkey...
Posting this for anyone to view to see what's unfolding here, but everywhere I look I see alarm dangerous dangerous repeats of the roaring 20s on a scale larger than I could ever imagine. I have hundreds of hours studying this ERA and although this looks great and no "Recession" what's coming is going to be much worse and change the world in a major way. The...
The US government is well on its way to going into lockdown and shutting down the economy as policymakers are deadlocked over the national budget for the next fiscal year. While leading stock market strategists are not yet terribly concerned about such perspectives, and entertain hopes that investors have a high probability of "getting away with it" with strong...
NASDAQ:NDX looks a little short term toppish. Look at weekly NASDAQ:QQQ ; Considering that the Nasdaq 100 went higher the RSI is much lower than previous top. Shows a serious slowdown in momentum. Ditto for CBOE:SPX However, the equal weight AMEX:SPY seems to have some room to go. AMEX:RSP
📊 Market Sentiment Neutral to Short-Term Bearish: Today's market sentiment is cautiously optimistic, with global markets showing modest gains. The anticipation of the COP28 Climate Change Conference in Dubai is influencing global sentiment, and the US Index Futures are trending upwards. Notably, crude oil is experiencing a strong surge. 🔄 Recap The S&P 500...
The S&P500 index (SPX) is turning sideways following the enormous rally of November, which is close to being the best in history. That is a natural technical reaction by the market in an attempt to normalize the largely overbought 1D time-frame. This sideways trade that indicates a potential exhaustion, is complimented by the Bearish Divergence on the 4H RSI,...
SP500 will break All Time High ( 4820.40) ?! by 2024? ..((FED'S BARKIN: TALKING ABOUT RATE CUTS IS PREMATURE.)). Let see what "geometry and of price" told us in next 2,3 months ahead.