I hope that after studying the series of posts about company financial statements, you stopped being afraid of them. I suggest we build on that success and dive into the fascinating world of financial ratios. What is it? Let's look at the following example. Let's say you open up a company's balance sheet and see that the amount of debt is $100 million. Do you...
Big level here for SPX. Could be a real make or break time for the downtrend. I think if we can hold inside of the last rally for a higher low and go through the spike high of the news at 4050 this would represent complete failure of the bear trend and open up a move to min 4400 and possibly to a new high. Min extension of a new high would be the bat pattern. If...
The S&P 500 lost its neutral zone channel bottom on the weekly chart, indicating a fall towards the next levels below. After the first sell-off, it corrected slightly but then lost the same support again, confirming the downward trend. It's now only a matter of time before we see the S&P 500 hitting its minimum in a sharp decline, accumulating a 22% drop since July 2022.
Narrative is explained in the video Trade Narrative/Checklist: Time and Price US PM Session 1:00-4pm 2 Hours of trading PRICE TAPE READING: 2. PDL Was taken out ( Liquidity Run) 3. Market Shift Structure - Long 4. Order Block 5. FVG 6. OTE Lot size multiple shot ( 10 lots) 2% Risk
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SPx stabilizing under 3925 will be bearish to get 3893 and under it 3860 but stabilizing above 3925 will be bullish to get 3946 and 3968 Pivot Price: 3925 Support prices: 3893 & 3860 & 3832 Resistance prices: 3945 & 3968 & 3983
S&P500 Index is trading in a bearish trend. Once, the price set the last low on a daily, a correctional movement started. The market was steadily growing within a bearish flag pattern. To catch a bearish continuation, wait for a bearish breakout of the support of the flag. If the price breaks and closes below that on a daily, a bearish continuation will be...
Overnight, S+P 500 Futures have dropped sharply on renewed "world" banking concerns with this mornings NYSE OPEN appearing to target the S+P 500 200 Day Moving Average at 3933.42. I am renewing my market opinion,back to BEARISH Yesterday's rally back to SPX 4000 appears to have failed once again., and price has "whipsawed" back down I have been writing that...
After the bearish break of the pattern, the visit to lower levels would be expected.
This is still a bear market and all signs point to sell every rally. The trend is your friend until it bends. A down trend is presumed until not. I will continue to short every rally until my last trade fails. Two key questions I ask myself every time is... 1. Why has price failed to breach into the April's Bearish candle. It has been contained below it for 10...
To become better you have to practice. Today ill be charting Hilton (HLT). Feel free to tune in. @ me for messages so I can see them.
I had recently publish the idea to short and now I am re-iterating this with an update to the count. While I had expected another small wave up in my previous analysis, I did not expect a throwover. If you had traded with the previous published idea (linked here), you should do well if you had managed your risk well. This, for you, will just be an update to the count.
Mr Burry said it himself. The beginning of Wave C on S&P. Sold based off rejection on LTF. Nice volume into Weekly close, however. Not convinced due structure. Target based on local Fib extension and Wave 4 pullback level from ath which 0.5 fib is in confluence to this. Seems that Gold is first to lead this market in both directions.
Alright, the wave (x) is about to finish almost as portrayed here www.tradingview.com Wave c is taking shape of ending diagonal and there is a chance that it has already been completed.
Looking for Higher Price As price has trade back into the discount of the leg and took SSL from the left, price may continue higher from here. Confluence: Divergence with DXY Algorithm use FOMC as catalyst to move price back into the discount in order to accumulate more Long orders at cheaper price while taking out SSL stacked from the left.
The overall daily trend is bearish. Price has taken the liquidity which confirms the LL and price can take Engineering Liquidity in the coming days to tab on the extreme point of interest and can bounce back towards a Lower Low.
I see a significant pattern setting up for more downside on this index. - engulfing candle patterns at major daily 200 EMAs - PA below the 200 EMA on the daily - a flag (bearish) pattern has been completed - layering on the fundamentals of gold/silver and even bitcoin being purchased over more "risky" stocks - especially this banking fiasco. 2.3 : 1 1% risk...
I went out to brakeven. Choppy conditions... It's the opposite of what I wanted to see High resistence condition