At the end of the week on Friday, the bulls in the S & P500 can send a positive sign and we are back above the 4200 level in a solid upward movement. This brings us a little closer to the important resistance at the current all-time high. The all-time high is still at 4238 points. These must be exceeded so that we can speak of a continuation and confirmation of...
Looks like a bull flag waiting for Powell to pump it at the next Fed meeting, daily is not overbought yet.
The ridiculousness won't stop, be careful about shorting anything after next week, I think it's yet another bear trap.
Looking forward to next week the daily chart is pointing to a continue rise in price over the next 10 days or so. I still believe that we have few more hurdles to clear particularly the current ATH of 4238.0, should we clear that level of resistance the next two levels of resistance are at 2ATR and 3ATR with prices of 4269.5 and 4317.0 respectively. It's also...
Alright, yeah, yeah, yeah Yeah believe in yourself
As 2 CHAINZ said - believe in yourself! Believe in the Rolls.
Finally we look poised to breakout to those $2 targets. Riding this breakout zone for too long!
We are all aware of the building divergence on the charts, but the sellers look gassed.
ABC seems complete, for the corrective wave B.
I am holding a...
wimpy play here, but pointing out the obvious compression after the exponential run up.
We tagged the long term trendline and are bouncing in a corrective ABC structure.
2 potential target zones identified depending on the size of this bounce.
Using other SPACs, Us major indices, and DXY as a proxy for this play, I actually favor the higher targets near...
See you've grown up and learned to be a degenerate just like your pops. not bad.
Give your dad some smokes, it's story time.
QS is one of the biggest shitshows since that time your mother got kicked out of Kokomo's on that Havasu trip.
I know you just read the Intelligent Investor and want to force feed some fundamentals or facts about batteries to me. Save it...
if you draw fibo extention , you will see sp500 next target is 4300
fibo raytrace 161% show target 4266 ,but we belive exclent US GDP 6.4% in next days sp500 target is 4300
put buystop on high
if you have old sells,put SL on high 4218 ,break this high mean start of new + trend
Hold the line and brace for impact!
We are retesting strong supply at all time highs.
Don't be suprised of a fakeout and drop on major news.
We previously called the 4% drop on the colonial pipeline. I am predicting a 7-8% drop on the sp500 very very soon.
Oil bearish.
Crypto Bearish.
SPX Bearish.
Let's go Ninjas!
My historical analogue is predicting a small move higher to 4250 before crashing all the way down to 3920.
This drop is a 7/8% move so something significant is going to happen. The previous drop I predicted turned out to be a "cyber attack" and price dropped 5% so who knows what it could be this time.
I will be shorting the reversal and the subsequent bounces...
S&P (SPX) Where to next?
Awesome week so far the Volts are back in full action, a high CPI number it was relatively expected moving risk off - DXY to upside, VIX Up, majors down & indices falling. On my week ahead newsletter I went through the indices and stocks of the FAANGS. More specifically I am going to mention Nikkei - That was one of my favourite cleanest...
The S&P 500 futures appear to be moving up to the next level - the channel top of which represents 4255 (assuming this happens in the next week). An overshoot similar to September 2020 would take us to about 4350 (assuming it happens soon). Finally, VVIX (which typically precedes the VIX) is not quite at the level that has preceded other recent corrections - even...
Triple bounce into oversold territory with positive MFI divergence. Expecting a pop though it didn't quite follow my green arrow from a couple of days ago.
No position, might buy a few calls EOD if things look up.
Sp500 is starting to crash. You can check my previous content as to why but a quick breakdown is as follows;
volume/price divergence
historical analogue
topping formations
News catalyst (colonial pipeline)
big tech/sp500 divergence
