Trading Setup: There is a Trading Signal to Sell in SPX500 (4h) Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 5170.0 ⭕️SL @ 5257.0 🔵TP1 @ 4871.0 🔵TP2 @ 4700.0 🔵TP3 @ 4550.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
As stated in this weekends video update, I expected us to retest the top of the red channel first, with potential to drop back inside the channel and test the bottom. The middle yellow channel is also a less likely possibility. I don't think we'll get down to the green again until AFTER we hit are WAVE 5 target and also, Inverse Head and Shoulders pattern target...
The Combined US indexes are clearly in bearish divergence, as previously described. However, it appears that there is a thin underlying technical and funding support to push this index(es) into the Fibonacci target over the next couple of weeks till the end of April. A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside...
This is a completely full and completed schematic of CME's E-mini S&P 500 Contract. This contract started in 1997 so there are decades of data not accounted for on the real chart. However, these are just as viable and important as the Standard & Poors 500 Indice. Let us take a look at the separate (chronological) boxes and understand what they are... #1 is...
Here is how I see it... 1. MACD Bearish divergence on both MACD and VolDiv and being extended further, increases probability of a retracement happening; 2. Sequential counts completed... retrace ent could begin within the next 5 candles; 3. Candlestick pattern shows a toppish doji; 4. SG10Y heads up for volatility and retracement incoming, So there... heads...
I analyzed s&P500 index today but it includes all of global markets. dollar index's power is gaining strongly. Biden's economic strategy with china seems not working well and USA and China's bond are too tight since 2008 financial crisis. the second possible Lehman brother's crash is on the way. I don't know which banks will lead the crash but this time it...
Bullish RSI divergence on the daily and many of the hourly indicators. VIX on an extremely bearish RSI divergence on the daily too. I think we'll see a bounce, which will look like a breakout out of the falling wedge, only to be crashed back down again. There's still a gap at 4570 which you would expect to be filled too! Not trading advise, just an idea. My...
ES experienced a remarkable surge in the past week. However, we've returned to the crucial breakout and retest range of 4400-4430. For the rally to persist, it would be ideal for ES to have a moderate retracement and maintain demand in the vicinity of 4325-4340. While the price might continue its upward trajectory without a pullback, a measured retracement would...
Heads up that there is a significant development in the market structure, as observed by the last two weeks of activity. Previous week, the weekly candle broke down two support lines, and closed well below. In addition, there was support from the TD Sequential counts for a downward momentum. This was also corroborated by the MACD and the VolDiv. However,...
Traders, SPY has bounced exactly as the charts had shown us it would do. I will briefly discuss what we can expect now in the weeks ahead as we continue our move towards the target of our blowoff top. We will also look at a few of my short plays. I will discuss what I was thinking in entering and what I expect now. I was stopped out of the NVDA play and will...
Traders, As mentioned in several of my previous posts and last video, SPY has now reached its downside target. This level at 410 provides strong support and correlates with our level of support on the RSI. I expect this week to be an up week for the S&P 500 and the stock market in general. Best, Stew
Traders, We have been watching for this target to be reached for a few weeks now. Today we hit it. And just as I suspected, our RSI cooperated and synced with the price support, hitting its support at the very same time. Strong support in price levels conjunctive with strong support on the RSI means that the probability of a bounce next week is highly likely. Best, Stew
This concept is known as Fibonacci Clustering. (many fib sets on eachother) All Schematics have both Support and Resistance for future swings. I will add more images below for you so you can visually understand what the Support and Resistance stems from. Go to the linked idea for extra details if you want.
Traders, A couple of weeks ago you'll remember I expected a bounce off of our 200 day SMA which coincides with the bottom of my channel, making a strong area of confluence and support. But I wasn't sure if that was the end of our drop? Turns out, after testing the underside of our neckline for a patent classic retest, we have now broken below the 200 day SMA and...
The last week proved to be the straw that broke an important support level, to close the week at a recent low. This is very significant as it is the first indication of downward momentum, having bounced off the same support three prior weeks. MACD appears to be deteriorating again in the past week, and the VolDiv is definitely not improving. What this is...
Back to this set of chart overlay... So, it is where it isand the SG10Y Govt Bond yields are again rocketing. This is yet again to push the SPY further down. Combine this with the double top seen recently; probabilities stack up for more downside into November.
This Full Fibonacci Layout is a rendition of my previous S&P idea. This one includes all angled extensions. The Pattern is very easy and clean to see and recognize. One must look for Support and Resistance. #1 and #2 are easier than #3 to visualize but all of them are correct...
It's hard to pick a direction lately, but this 4 hour bear flag into prior support just screams bearish. Will it be a trap though?