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
Last week started out in the red but ended off strong, bringing in the possibility of a pullback over the next few days .The key support level that I am looking at is 4156.00. This is considered as the mean and over the past 3 months the market has showed a reluctancy to drop significantly below the mean over the daily time frame. If we penetrate the mean...
S&P 500 E-Mini Futures (ES) rally from February 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from February 1 low, wave 1 ended at 3959.25 and pullback in wave 2 ended at 3720.5. The Index extends higher in wave 3 towards 4211 as the 45 minutes Elliott Wave chart below shows. Wave 4 pullback is proposed complete at 4120.4. The Index...
on daily,weekly chart ,fibo on corona crash show sp500 buyer target is 5400 !!!!
but for comming weeks with very exclent company earnings ,sp500 new + up trend comming
if you have old sells, must put TP for them on 4100 and buylimit there
Advice= dow dax nasdaq sp500 manner is + up trend ,if they go 100 point down,300 point back to up true?, see...
Ooops, I published this but made it private, sorry guys.
ES RSI was overbought pre-market with huge MFI divergence, so of course it had to fill the gap.
Auto sector weak AF on chip shortage but EV stocks gapped up so I shorted XPEV, lol. Closed it and called it a day trade. NIO earnings after market today, possibly more downside for EV stocks tomorrow....
Institutionals brought this down to the low it was suppose to hit today and started the day off with that so i can spend the day running up.
by iCantw84it
4/29/2021
Apple has ran up into the daily supply zone created previously. We expect price to start to drop from here along with the sp500.
Wait for confirmation or trade this entry as set and forget, your choice!
let's go Ninja's.
You can see that ES has broken down from up wedge and I got a really good entry. I love a perfect entry, making you feel good from the start. Exit though is harder. Once entered it is difficult to get exit. You want to hold on as long for possible and get most out of this as you can. Generally the longer you stay in the better (timeframe dependent) but alway...
This week and next there is increased volatility since we have many fundamental catalysts.
We have hit our reversal point on the weekly and we expect a 300 point drop in a short period of time.
What does the community think?
ES has been showing strong bullish trend so far. No signs of bears taking over yet. Can it happen? Sure. First level it can happen is around 4230 and next 4315. If it looses 4113 support, next levels as marked.
If you short the bounces this week with this week and next week expiration down to the 3880 level then the returns are in the 1000's%.
I've been calling the top the past 2 weeks, I was a little early but I was waiting for price to turn and start bouncing. That appears to be happening right now which also seems to coincide with the bitcoin crash I am predicting....
