When taking a look at the S&P500 on the Daily TF, we can see that there was a clear rejection from the Volume area high (Blueish line above). The next stop will be the point of control (Red line). Most of the market does follow this chart so before you short, double-check their chart. Every day the charts provide new information. You have to adjust or get...
U.S. stocks have been under relentless selling pressure this year, with the S&P 500 (.SPX) posting its steepest percentage drop in the first half since 1970 as the Federal Reserve stepped away from easy money by raising borrowing costs. The rest of the markets, including the crypto market, have also experienced a sharp decline under the influence of these...
The four hour chart just completed the reverse head and shoulders. I am looking for a counter trend sell back to the MA and then the support Long trade back to 4100.
SPY is in the 5th wave, expecting this to go much further down before a rally.
ES is respecting an old channel from 17th march, i expect that the price will do a pullback to support 1 before it continue to move to the upper line of the channel.
This is what I see in the S and P. I didn't have the balls to buy liquidity (It is a new trade setup for me and I am not comfortable with it yet.) but did take a 10 handle scalp today out of the FVG. I see equal opportunity for shorts and Longs so basically I am mostly sitting on my hands.
I been charting SPY every different angle and time frame possible. Its next to impossible. lol but I did find this, which would make a case for a temporary bounce. I have 4 confluences. 1. SPY rally off the 200 sma on the 3day time frame. 2. Fibonacci extension from this wave down is a perfect 2.618 which lines up perfectly with 0.382 fib retracement from...
The S&P500 has done exactly as I feared. Thesis: The US is transitioning. The US dollar was the reserve currency of the world. We exported dollars and it either sat in banks or was imported back as investment (Bonds and stocks). When we locked up Russia's money we made EVERY country re-evaluate their relationship with us. A significant pivot is happening on the...
Looking for this strucuture on s and p 500 ! i feel we will have huge dip and it will drag bitcoin too towards the downside , let's see
An exhausting time lies behind S&P500! It has been moving up and down with vivid gestures and has paced itself a bit only recently. We expect the index to take a rest in the magenta zone between 3788 and 3683 points, where it should also finish wave iv in magenta. Afterwards, it should be revived enough to rise towards the mark at 4101 points. However, there is a...
Looking at the charts during downturns may not be as fun as looking at them during bull runs, but if you're a long-term trader it's important to keep tabs on how things are performing even when the prices are down. The pattern up until recently was that when stocks went up, so did crypto, and visa versa. The "volatility" of crypto assets often makes the prices go...
SO big change happened in the last hour with markets reversing - why??? NO IDEA!! All I know is I decided to put in a Buy Order at 4250 with a TP of only 100 points at 4350 just in case markets tank again. We shall see - so far my account is up to about 24K from 10K a couple of months ago. Let's see if I can get to 100K by July :-) Stay safe! Heiko
A breakdown out of this wedge could be a nice short opportunity. Running into a big resistance area here.
When the price of Oracle reverts to the mean, then we know it's over. Current price action is a repeat of the 2000 dotcom bubble. That's my running thesis right now.