S&P500 Elliot wave analysis,25/07/20 watch 3180$The ending triangle tend line is broken. I will consider a bearish scenario and entering wave 1 of the reversal only if we break through 3180$
For Bullish scenario
1- Wait for the confirmation level(3180$) to break
2- You might see a pull back , sell if you see a sell candle in the pullback(usually happens at 50%-61.8% fibo ratio)
3- Stop loss at 3293.7$
** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS MUST NOT BE MORE THAN 1-3% OF YOUR WHOLE CAPITAL***
Sandp500
S&P500 Elliot wave Update,27/07, bearish countThere is a fibo cluster at 2343 and also the RSI resistance level is at 2343
this suggest that this level could be a potential price target to start another wave down
S&p500 elliot wave Update, 28/07 crash time???I was counting this market and everything is going based on predication and things published before.
The crash after the triangle seems to be an impulsive wave but it is not confirmed yet.
DON'T SHORT , wait for the confirmation
I will wait for this down move to finish and if it is impulsive I will consider it as was 1 of 3
S&P 500 Index - SP500 - Major reversal is near!S&P 500 index is approaching reversal level
perhaps around 3500 level.
The expected sharp reversal may take
the Index to as low as 1800 area as shown.
S&P500 Elliot wave ,bearish setup , Update 4The market close on Friday with a big uncertainty.
we observed a smearing move up. I still don't know if it is an impulsive wave or a corrective because the waves have not unfold completely.
I think it is gonna be an impulsive wave as the characteristic shows.
in that case we will have a WXYXZ correction and probably this will be the last correction. we should know by next week the direction of the market
I will try to keep you update under this post as real-time as possible
S&P500 when is the uptrend confirmed ?Guy,
We are still in the down trend wave count
You should not consider buying until the triangle is invalidated
It will be a big risk to buy before the invalidation of the bearish count.
I have shown the invalidation level
$SPX500 S&P500 - 3300 the Pivotal Level 3300 level so key here from a technical and psychological point of view for me its very simple if we're trading above this level I will be looking for buy opportunities on a break below I will flip short and look for sell opps.....
August/September & leading up to elections should be very interesting in the markets
Trade Safe
S&P500 short-term retracement probableFor those prepared to go against the momentum, a retest of the medium-term uptrend levels seems probable; with reasonable risk:reward even at 1st target levels. Anticipate buying and sharp bounces.
Risk-off sensitive. Manage exposure accordingly.
SP500 corrective count, 2Day chartI would like to know your opinion about this count!
I think this is what is gonna happen
My prediction is manly based on RSI and Bearish Elliot wave count
S&P500 all Possible ElliotWave counts for next weekMany people asked me what will happen if the invalidation level gets broken!
3 thing might happen next week:
1- the invalidation level never gets hit and we will have a crazy down trend (left chart)
2- the invalidation level will get broken. In that case we will assume that wave 3 is extended and you can see the scenario in the right chart. the price will go up to the invalidation level and then reverse.
3- the price will climb up until the triangle gets invalidated the we will have a bullish count.
I hope I could help to give you a clear picture of what might happen next week from a scientific point of view (not a personal point of view) based on the ElliotWave theory.
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response why I think the mark has to crash:
I always confirm my wave count with fibo and RSI or DPO.
This is the daily chart:
RSI confirms the wave count and also you can see a clear divergence , suggesting end of wave 5
wave 5 looks like a proper ending diagonal as well. That is why I am still on the bearish side.
I will not Update this post as it is just educational post not a live trading one. Live wave count will be available under my previous post
hope it helped
S&P500 Elliot wave ,bearish setup , Update3this is the last bearish model we can consider for now.
if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.
S&P500 Elliot wave ,bearish setup , Update2well it crashed earlier than what I expected
The setup is clearly explained on the chart
I will keep you update here if anything changes
S&P500 elliot wave Update, bearish setup timeEverything is going as predicted so far
Time to setup a short position.
I am gonna sell when we "break" the confirmation level.
*break means you see a read candle that breaks the level and at least 50% of it crosses the candle.
** MAKE SURE YOU ARE NOT RISKING MORE THAN 1-3% Of YOU WHOLE TRADING ACCOUNT, THE AMOUNT OF MONEY YOU LOOSE IF WE HIT THE STOP LOSS MUST NOT BE MORE THAN 1-3% OF YOUR WHOLE CAPITAL***
S&p500 elliot wave Update,29/07/202the price move exactly as predicted yesterday :)
DON'T rush to sell. we need to see the sell confirmation
SPX500USD - Plan to reach ATHS&P500 looks nice. After a successful retest of 3200, it continues to rise. And with all this Fed stimulus I think it aimed at 3370 and will get there.
If we get a wick into 3220 - 3250 area (link on 30 Jan 2020) it would be a great entry point.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
S&p500 elliot wave Update,22/07/2020I was bluish on the market and I was thinking that we are having a 1-2-1-2
now it seems that we are having the last leg 5 as an ending diagonal .
both models are still valid until one gets invalidated
I need more confirmation to decide
$SPX #SPX500 - S&P 500 Index Intraday Buys Pre London ... 50 pip risk for 50/100/open profit targets (3215/3220/open)
invalid below 3205 as at that point I'd expect a run on the 3200 buyers stop losses
Trade Safe
S&P 500 sell signals on D1.S&P 500 (SPX), daily timeframe: Resistance zone + Dragonfly doji + Side of Bollinger bands + Divergence
$SPX500 S&P500 - Bullish above 3200 into 3230/40/50Targets marked
invald below 3190
structure marked (3200 buyers / AMD power of 3 liquidity run)
Trade Safe
S&P 500 Elliot WAVE analysis update 13-07-2020with the current sell of the previous scenario is invalidated.
previously I was thinking that the current impulsive wave is the 3rd wave.
the drop has invalidated this case as wave 4 has broken the wave 1 level so we have to rename the wave.
I still don't see a bearish scenario so the only possibility is that we are the wave 2 of a 1-2-1-2 structure
the possible termination points for the current sell of is marked with arrows.
