The S&P500 index (SPX) is having another very strong bullish month, following the red 1M candle of April, which was the first after 5 straight months of profit. Many might be wondering why a deeper correction didn't come at this stage and the answer is simply that it's not yet the time for it. We present to you today what we call the "Ultimate stock market cheat...
S&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Tuesday, Wednesday and Thursday the market bring traders...
#US500.. S&P - market very well holing his supporting areas and grinding higher highs. now market still consolidate from last couple of sessions, keep close it guys because if market hold his current resistance area that is 5235 around then drop expected from here, keep close it and don't be lazy here..
The inflation rate, CPI, and retail sales for the previous month will be released tomorrow. The general market expectations are that the inflation rate advanced higher by 0.4% MoM and 3.4% YoY in April 2024. The CPI is forecasted to come in at 313.75, and retail sales are expected to soar by 0.4% MoM, slowing down from an increase of 0.7% in March 2024. However,...
The S&P500 index is preparing for its last wave up to fresh new highs. Crypto will also outperform all assets. After the blow-off top phase the "real" recession will begin.
The strong close last week indicates a shift in control to the buyers. They managed to close above the previous week’s high, establishing a weekly higher low and confirming the daily uptrend. Currently, the bulls have control across all key timeframes: the price is trending upward on the hourly, daily, weekly, and monthly charts. The only challenge they face is on...
S&P500 has turned bullish on the 1D timeframe (RSI = 58.980, MACD = 2.870, ADX = 28.757) as today it is trading and will most likely close over the 1D MA50 for the third day in a row. Having crossed over the LH, the index has invalidated the bearish sentiment of April and a new Channel up is emerging. If it capitalizes on the 1D MACD Bullish Cross, we expect the...
The S&P 500 (US500) is rising towards the pivot. Could this index potentially reverse off this level to drop towards the 1st support? Pivot: 5,203.08 1st Support: 5,122.82 1st Resistance: 5,248.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
SPX500USD has been undergoing some bullish momentum over the last few days. This may lead to a potential push to the $5350 region over the next few days. Further movement will take time to tell; but overall it’s currently looking good. All 4 of our Core YinYang Oscillators and exhibiting Bullish Momentum; however since there is such low Volume, it’s hard to...
S&P500 (SPX) is already going even better than our bottom buy signal last week (May 02, see chart below), having topped the 4H Channel Up, considerably above the 4H MA200: The index closed yesterday above the 1D MA50 (blue trend-line) for the first time since April 11. Last time it did this was on November 03 2023 and after 5 days of consolidation, it broke...
Last Friday, the SPX gapped up at the open and temporarily broke above the 50-day SMA during the trading session. Finally, yesterday, the SPX managed to close above this line of resistance, which is a positive development. However, a failure of the price to defend the ground above this level, now acting as support, for multiple consecutive days will be concerning....
While we await earnings from Nvidia (on 22 May) that will be influential on future market direction, we move into the tail-end of US quarterly earnings, but also past a dovish Fed meeting, a strong US ECI report and weaker-than-expected US nonfarm payrolls and 2 hefty bouts of MoF/BoJ intervention. Yet, despite these landmines, a gentle calm descends over...
Dow Jones formed a huge double bottom pattern on a daily, after a quite extended correctional movement from all-time high. The price turned very bullish on Friday and broke a solid horizontal resistance. The market may start recovering now. Target - 39000 ❤️Please, support my work with like, thank you!❤️
Last week, using oversold bounce, buyers attempted to regain control over the price. Their effort was somewhat successful, as they managed to establish both a higher low and a higher high on the daily chart. However, they failed to set a weekly low, which was a challenging task given the magnitude of the previous week's range. This indicates that bears still...
The S&P 500 (US500) is rising towards the pivot. Could this index potentially reverse off this level to drop towards the 1st support? Pivot: 5,119.91 1st Support: 5,014.00 1st Resistance: 5,167.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...