SP500 Index Forecast The price continues to attempt a correction towards 5281 as long as it trades below 5320. However, overall stability above 5325 would indicate a continuation of the bullish trend towards 5360 and beyond. The bearish scenario will be activated if the price breaks below 5281 and 5266. Pivot Line: 5313 Resistance Levels: 5325, 5340,...
Last weeks levels provided to be partly actionable and price has immediately responded (See attached post). Comfortable holding this 50% long position with stop/target untouched. Will be looking for opportunities to buy the other 50% and increase risk as I'm confident in the bullish sentiment after last weeks Feds statement. I hold an underlying belief that the...
This is what the range looks like to me. Have fun out there if you're still alive trading. Somehow the market keeps traders in the middle. We press on to new highs 4500 first target and 5175 is the second. This Analysis is not space/time oriented only valuation The S&P is a float-weighted index, meaning the market capitalizations of the companies in the...
Bulls defended the weekly low and made a convincing breakout yesterday. This is a powerful statement, although buyers have not yet proven their control. To do that, they must first establish a weekly higher low, which is likely to happen next week (of course, we need to monitor how things develop). This presents a great opportunity for a long play, but buyers...
Last week began with bearish consolidation, which was short-lived. The bulls quickly regained control, established a daily higher low, and broke through the previous week's resistance at 524.1 . Although the breakout was not very strong, it was still meaningful. The March close was very strong, posting a +3% gain, and both weekly and daily charts are indicating...
SPY has broken out of its downtrend and has broken through the swing high, will be looking for longs if the market taps the bullish zone.
#SPX The price has been moving in a descending triangle since July 2023 We are now on the verge of breaking the downtrend The moving average 100 was broken to the upside Current price 0.3852 First target: 0.4300 Second target 0.5075 Third goal 0.5979
A bit of a late post as the market is moving faster than my fingers can type but let's see how relevant this is regardless. Here is what I see: What is on the chart? (follow the steps) 1) A strong price accumulation that gives us a potential liquidity target for later on! For now bullish until said otherwise. 2) The BOS level that serves as support. 3) The...
Hi guys, I want to share with you this bullish megaphone pattern. I had made several post on this pattern we still look to be following it. I am still bullish on the stock market in general even though things look bad right now. I have compared this on a monthly chart but the weekly looks very identical to the image I attached. Please like if you find it...
This is a weekly chart and I meant to share this on Friday; but forgot. Blue vertical lines are the paths from previous bear market lows to new all time highs, over-layed to the bottom of October 2022. Red vertical lines are the bear market paths from all time highs to bear market lows, over-layed to the high of January 2022. As you can see we are no longer...
SPX 3D support is now at $4100 Enter 50% at the current price and try to set some BUY orders near the support zone If SPX stays above the trendline, the Take-Profit target would be 5%, 10%, and 15% from your entry Cheers
A LONG Signal for the S&P500 flashed, taking a trade with 5% equity and a leverage of X5, will update the trade as soon as the Algo closes the trade.
SP:SPX Bullish outlook on SPX ( S & P 500) - Golden Cross on Daily Timeframe (50 Days MA crossing 200 Days MA), - Possilbe hike Pause by the Fed at March/April meeting, - General negative sentiment and large short positions that would need covering, - General company earnings that mostly beat earlier estimates, - Generally safer environment to invest in US...
SPX setting for a Run to 4500. if 4460 is Reached Patience is Key Let the trade Reach TP level an Exit SL 4435 Stay Profitable Cafe City Studio 2024 ''
I have been DCAing into SPXL and TQQQ the last 3 months. 5% left to allocate for these accounts and will DCA that the next 3 weeks presumably into any pull backs. We got the MA 200 break out folks. Holding this trade for at least 1 year.
As long 4230 holds or reclaimed, 4380 / 4395 in play Approaching key resistance around 4315-4328 (Swing high from Aug) Read more details on the chart.
From now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread. I dont trade short term, keep in mind my ideas are longer term, and its boring. We wait for the cycles to bottom and we wait once in the trade for the trade to mature. Fallow, like and boost so you dont miss the updates.
Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Previous scenario with leading diagonal was invalidated, I switched to an alternative scenario that we formed wave ii in the form of a flat (3-3-5) and now I am waiting for continuation of growth, with a...