S&P 500 touching 200 day SMA - 68% chance of rallySince 2004
25 --> declines touch the 200 day SMA
8 --> continued into a larger correction
17 --> rebounded to some level
8/25 = 32% chance of bearish
17/25 = 68% chance bullish
Looking at the trend since 2004, it may take a week or two at these levels before it chooses its direction.
If I had to guess, this could be a likely match to today's place in the market.
20, 50, 100, 200 day SMAs
DIA
SHORT $DIA — BEARISH A,B,C,D PATTERN!
I'm expecting a move to the downside to complete this ABCD pattern in $DIA.
The gaps below the market will act as price magnets, and the same measurement from A to B from C would fill the bottom most gap.
I love this setup, and I'm buying puts on various names within the index and broader market to play it.
We could potentially see the pattern continue to the downside, but I am forecasting for a gap fill at minimum.
TOP WAVE STRUCTURE I AM BULLISH NOW We are about to see a new up leg into record highs in what should be a fast up thrust WAVE 2 was a flat and wave 4 is a triangle up Elliot WAVE STRUCTURE this a CLASSIC 4th WAVE under rules of alternation .Therefore I maintain will see an final 5th wave up to just outside the monthly bb at 2% above the bands to end the BULL MARKET FROM MARCH LOW2020
NASDAQ (QQQ) 2016 Rally Coming to an End?Things have been different lately in the NASDAQ. It has really leveled off in December and last week was rough. I laid out some trend lines and fib levels. To me, it looks like the rally from 2020 helped QQQ regain the bullish channel from the 2016 correction. Also, if start a fib sequence at the Feb 2016 low and a 1.0 at 2018 peak, then Nov 22 was a perfect touch of the 2.146 fib extension. We then had a retest for a double top on Dec 27th (but came up short). Since then we have been trending down. If you look at teh RSI you can also see that the recent ATH happend on a noticable lower RSI value, which is a bearish indicator (divergence). Saw the same kind of setup in 2015 and 2018.
Hard to know if we will try another rally to touch/break the 2.146 fib ($408), or we will see a stronger pull back.
1D
4h
QQQ the BULLISH WAVE COUNT WAVE C DOWN ON NEWS I wrote last week of a crash cycle I was looking for anywhere from 11.8 min today we fell short at 9.47 % of which that is a .786 of my drop of 11.8 % I am no longer bearish . the QQQ .I HAVE MOVED TO A NET LONG AND IF WE BREAK DOWN INTO 362 I WILL BE 100% NET LONG BUT DOUBT WE will see this . I now am looking at the drop has ending a wave 4 within the super cycle blow off before the CRASH world wide due OCT 10/20 BASED ON THE 20 10 4 2 1 YR CYCLES DUE AS WELL as the 9.2 month ALL are focused on oct 10/ 20 .BEST OF TRADES WAVETIMER
UVXY (VIX) pattern implies risk on until mid-JanuaryHere is a pattern that I noticed in UVXY over the last year. The red trendline has been very consistent as a time for UVXY to change directions. If it holds, then the market is moving back into rally mode and we should not expect to see another pull back until mid-January.
5 WAVES UP ENDED LOOK FOR A CRASH We have ended into a Month in history with the highest level of major market tops outside of late aug 17 to sept 10 thru out the markets history . at THIS POINT and the wave structure as well as fib relationships within the the wave structure . I can now say we are setup for a CRASH cycle I think it has started and will see it over the next few days . the weekly rsi has not confirmed this rally as well as the nysi and nymo models put/call/ are not at any bottom or value nor is the naz dsi or fear greed index . BEST OF TRADES WAVETIMER
HIGH LEVEL SIGNAL IS NOW BEEN GIVEN C R A S H SIGNAL LOOK FOR A CRASH OVER THIS WEEKEND based on the action in nysi and mco as well as put call and the wave structure and the fact the sp reached into my projected stop at 4818 BTW mass fib relationship the alt to 4818 was 4917 these are relationships going back to 2009 low
S&P respecting the 2009 resistance trend lineUpdate to previous post. The light volume over the holidays allowed the S&P to surge above the channel, but with trading back in full action yesterday's sell off brought the S&P back into the 2009 channel. Looking back at previous price action in 2010, 2011, and 2014-2015 this could continue on for the rest of 2022. I still think the S&P will make it to at least 5000 ($500) before we see a sizable correction.
1D
4h
DIA: the worst has passed, price recovery underwayAfter a difficult year after the capital increase back in August, it the worst case scenario has already passed, and investors bought the dip and pushing the price higher. The stock is a small cap, so remember, it's more volatile than other stocks and hype moments could increase the price dramatically like these past two days. Next stop 0.02, and if broken out, next one would be at 0.023. Regarding its fundamentals, the CEO bought shares, so that's a good indicative that the changes they're doing are being effective. They closed all supermarkets that were experiencing huge losses, thus reducing the risk in the company. Also, they're revamping all the stores and real revenue won't be reflected until 2023. 2022 will be the key year for DIA. We are long on this one for the long term.
S&P to 5300 by end of 2022S&P to 5300 by end of 2022
Did my own version of wave analysis using fib levels on the S&P. Key levels I see are Wave 1 is around 0.618, Wave 3 is 1.0, and Wave 5 ends at 1.786. You can see how well it lines up on the chart.
If the pattern holds, then it looks like this wave off the 2009 low should peak at 5300. I laid out a large scale fib starting wave 1 at the great depression and wave 3 in the mid 70's. I see a very good alignment at a 2.0 fib at 5336.
1M timeframe
1W timeframe
1D timeframe
Alt wave structure wave B top in sp 500 At this point I am not sure which is the top wave structure we do have the nysi nearing a major target and put/call was very high at that low . BUT HAS DROPPED VERY FAST !! . So I have now moved back to cash . 100 % as the chart posted here is that of a 5-3-5 or is a 1. 2 1 of 3 . I will how ever stay on the side till I see a change . BEST OF TRADES WAVETIMER > be safe HAPPY HOILDAYS
DAX H16: BEST Level to SHORT IT +1000/+1500 points(SL/TP)(NEW)Why get subbed to me on Tradingview?
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-before/after analysis
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DAX H16: BEST Level to SHORT IT +1000/+1500 points(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: DAX 16hour/candle chart review
::: BUY alerted at 15100 +700 points now
::: trading in massive range since May 2021
::: 16000 range highs / 15000 range lows
::: focus on BUY LOW / SELL HIGH strategy
::: we will trade sideways next 4/8 weeks
::: bearish fractal in progress now
::: setup still valid as of today
::: new wave of global lockdowns
::: upside limited from here
::: short-term limited upside
::: HOWEVER heavy resistance overhead
::: 15 900 strong resistance
::: get ready to SHORT from overhead
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT HIGH later
::: once we hit resistance at 15 900
::: TP BEARS TP1 +1000 points TP2 +1500 points
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 14 800
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 15 900 reversal level to SHORT IT
::: BULLS focus on BUYING LOW
::: near 15 000 / 15 200 later
::: TP BULLS is 15 900 points
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 15 000 fresh demand zone
::: 15 850 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NAS100 H3: PT 15 750 XABCD Bears: SHORT IT! (NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
NAS100/QQQ H3: PT 15 750 XABCD Bears: SHORT IT! (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses / 5% pullback off the highs.
🔸 Summary and potential trade setup
::: NAS100/QQQ H3 market overview/outlook
::: XABCD Bears in progress / speculative setups
::: BEARS short from overhead near 16 900
::: shorting makes sense
::: 5% pullback warranted off the highs
::: TP bears is 15 750 points
::: upside likely limited from here
::: means we will get more follow-through selling
::: STRATEGY: SHORT RIPS/RALLIES /NEAR D / PRZ
::: Bears TP is 15 750 points. 5% pullback.
::: Expecting MILD gains next 1-2 weeks
::: recommended strategy: SHORT IT / SHORT RIPS
::: hit resistance time to cool down a bit
::: no fast/miracle gains here - patience required
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: MIXED/RANGE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
S&P still respecting the 2009 resistance trend lineUpdate on my previous post. The S&P is still fighting with the resistance setup from 2009. Big pump at the end of today still did not change that. My guess, the big boys trying to suck in as much money as possible to try and pump S&P above this resistance. A 2-3% pump in something like 30 minutes was not driven by retail investors. Question is will retail jump in to get a breakout or will the big boys dump it by the end of the week? The setup looks pretty bullish to me, but need some kind of breakout to really make me choose to go more in or not.
2h
1W
$DIA — Market Forecast 12/18/21We officially filled the gap on Friday, 12/17, because we had actually bounced off the moving average before we could fully fill it on Tuesday and Wednesday.
Gaps on equities will fill about 80% of the time, and then the markets tend to reverse 80% of the time after a gap fills.
We have gaps immediately above and below the market right now; I think that we'll see another drop with the continuation of this downside momentum before the possibility of a bounce in an attempt to fill that upside gap — I don’t think it will fill right away, but keep your eyes on it.
I have been very accurate with the market forecasts that I send to my clients every weekend, so here are my thoughts on a few of the indices...