As expected, SPY double-top looks to be playing out. I don't expect us to drop much lower than the pink ascending trendline. Maybe we'll touch that 200 dma before our full send. Let me remind you that the pink ascending tl is the neckline of a large cup and handle pattern on the bi-weekly, the target of which remains 650-700. This is still in play on the longer...
From the last post, there was a Gap closure and breakout... well, almost. What happened was a stall after the gap closure. This is the first indication that something is not right and a strong resistance is in the way. After more than a week, a decisive down candle wiped out two prior days of bullish candles, and reopened the earlier gap. This by itself is very...
🔍 SPX/USDT Analysis: Daily Timeframe 📉 SELL IT! The SPX chart on a daily timeframe highlights significant upcoming dates where price movements may present trading opportunities. These should be analyzed in conjunction with higher timeframes for a comprehensive market view. • September 3, 2024 - Red Line: This date marks a potential local peak. Traders might...
Traders, As you all know, the SPY has been moving EXACTLY as anticipated by me the last two years. And that worries me. Don't get me wrong, I have thoroughly enjoy the profits that have come with getting it right, but what we have to be careful about when doing so well is over-confidence. Because if we don't take a couple of steps back and say to ourselves, "I...
Just an update on progress in the markets. The dollar has hit my support level already. Because of the quick drop, I expect it to continue to drop even further, though we may get a bit of a bounce first. The Vix is back down and inside of our long-standing sideways channel. And gold has hit its target to the upside. Plus we'll talk about where the SPY (and U.S....
Since the last heads up analysis before the bearish pullback, some more new developments came into play, particularly how the equity market turned bullish... 1. Heads up given for RISK ON in the green ellipse. The weekly chart is actually very obvious with a long tail candlestick; 2. The latter part of that week finished with a combination of a long bullish...
🔍 AMZN Analysis: Strategic Dates for Long-Term Accumulation 📈 The AMZN chart reveals key dates that could shape your investment strategy: December 29, 2025 & August 16, 2027 - Green Lines: These dates indicate potential local lows, making them ideal for accumulating AMZN shares. Investors should consider these as prime opportunities to position themselves for...
🔍 SPX Analysis: Navigating the Upcoming Market Movements 📉 The SPX chart presents key dates that traders should focus on: September 18, 2024 & December 3, 2024 & February 3, 2025 - Green Lines: These dates indicate potential local lows. These could offer strategic opportunities for accumulating positions as the market is likely to bounce back from these...
This bullish trend has been going on for more than 80 years, during wars the economy grows against the background of money printing and aggressive infusions. I do not believe that the economy can grow honestly against the background of the global crisis. Only linden growth, which will end very, very not fun. Of course, these are just my thoughts and I could be...
on 31 July, heads up given about D-day. That was based simply of a few compelling technical factors observed. Outcome was that there was a blow out rally, followed by an awesome Dark Cloud Cover and then a confirmation bearish candle that gapped down and tanked the week to a low. The spike in volatility was just so awesome and it caught many off guard,...
Put on your oxygen masks ladies and gentlemen. The U.S. stock market is about to go ballistic. You all know from my daily chart, we nearly hit the target of my inverse head and shoulders pattern to the dollar. Target was 570. One of my recent posts indicated that I was selling half at 560, taking my profit, and parking it in cash. But now, I will take that cash...
Yesterday, the Gap reopened, after an early week stall on Monday. These last two candles have top wicks suggesting selling pressure to keep the gap open. Thing is, I would have preferred to see a more solid down candle. Meanwhile, this indecision is biased to the downside from indicators and longer term chart (week) point of view. The MACD is in bearish...
Dear Colleagues, I believe that the price will still continue its upward movement. I believe that we are witnessing the development of a five-wave impulse and very soon the price will start moving in wave “5”. I expect that the price will either start its upward movement immediately or after a deeper correction to the area of 5477. After that I expect to reach...
✅SPY was trading in a Rising parallel channel But now we are seeing a Bearish breakout so after A pullback we will be Expecting a further Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Traders, It feels as though I have been discussing a SPY top at around 570 for years now and I can see from the history of my posts that this is actually true. I first started with the premise that the U.S. stock market would experience a blow-off top of sorts. Elliot-Wave theory and technicals seemed to support this idea. Though admittedly, I am nowhere near...
With the dollar trending down and the VIX at low levels, we can then continue to expect the U.S. stock market to continue to rise. And, in fact, that is what we are witnessing as we close in on the blow-off top target of the Elliot Wave theory that has resonated with my instincts for these last 2 and a half years. We are currently in wave 5 and on our way to the...
VIX has been consolidating for over a year now in a wedge and has so far respected the diagonal resistance line extremely well. Markets have been on full boil non stop and the water is soon to run out IMO. We haven't had a serious correction for over a year now too and I believe the time is now. There's two scenarios, my first aim is to reach 21 and from there...
Traders, Previously, you know that I had anticipated that our pullback might last a bit longer through May. However, today the charts are showing me that this might not be the case. Let's start with the SPY. Originally, I had predicted a touch of the bottom of the RED channel. Then, based upon my analysis of the dollar, VIX, precious metals, and mega-corp...