S&P500 INDEX (SPY) Bullish Outlook For Next Week
S&P500 Index keeps falling.
The price keeps breaking key supports in February.
Yesterday, we got one more structure breakout.
The price closed below 3886 - 3956 area.
The broken structure turned into resistance now.
Probabilities will be high that the market will keep falling.
Next support - 3800
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Sp1
Dow Jones Index (US30): Key Levels to Watch This Week
Here is my latest structure analysis for US30 Index.
Support 1: 32470 - 32650 area
Support 2: 31700 - 31975 area
Resistance 1: 33475 - 33660 area
Resistance 2: 34300 - 34500 area
Resistance 3: 34820 - 34900 area
Vertical Resistance 1: major rising trend line.
Currently, the market is approaching a confluence zone based on Vertical & Horizontal Resistance 1.
Probabilities will be high to see a pullback from there.
Consider the underlined structures for pullback/breakout trading.
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S&P500 Index (SPY) Time For Pullback 📈
S&P500 index reached a daily horizontal support.
A doji candle was formed on that.
Today, bulls started to push.
The price broke a resistance line of a falling parallel channel.
I expect a pullback to 4040 / 4060
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Dow Jones Index (US30): Detailed Technical Outlook 📈
Price action analysis on US30 Index.
Key levels & the things to watch.
Your detailed trading plan.
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SPX 2001-2003 FractalBearish convictions:
-DXY (dollar index) is currently in a falling wedge (bullish) pattern sitting on very strong support around 100 -102.
Furthermore, while the DXY took a sharp dive, we did not see so much of a reaction in the SPX and across other equity markets.
-VIX (volatility index) is currently sitting at strong support around $18 - $20 with bullish divergence on MACD and RSI.
-If the Feds even so much as to mention a hawkish word about raising interest rates higher than 5% - 5.25%.
-Supreme Court will reconsider Biden Admin's student debt relief on February 28. This will decide whether student loans will resume 60 days after June 30th or not.
-Resuming student loan payments, along with a softening housing market will reduce consumer spending growth on goods and services. This would be good for inflation but overall bad for equity markets as consumers would be less likely to invest.
Not financial advice. Trade safely!
S&P500 Index (SPY): Bullish Outlook Explained
Hey traders,
As I predicted, S&P500 index has nicely respected a key horizontal structure support on a daily.
I believe that the market will keep growing next week.
Goals: 4014 / 4059
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S&P500 INDEX (SPY) Bullish Outlook For Next Week
S&P500 Index broke and close above a key daily structure resistance.
Following the CPI report, I believe that the index will keep growing next week.
Next resistance - 4060
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S&P500 Index (SPY) Bullish Continuation 📈
S&P500 Index broke and closed above a solid supply zone on a daily.
The broken structure turned into a demand area now.
I will expect a bullish continuation to 4064 now.
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Dow Jonex Index (US30): Bullish Outlook Explained
Hey traders,
Dow Jones Index formed an ascending triangle formation on a daily time frame last week.
Its neckline was based on a solid horizontal key level.
On Friday, the price broke and closed above that.
I believe that the market will go higher soon.
Targets: 34060 / 34370
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Dow Jonex Index (US30): Technical Outlook
Many of you asked me to share the analysis on US30.
The market is currently stuck between 2 key levels.
33270 - 33500 is a key resistance.
32470 - 32500 is a key support.
The market formed an ascending triangle formation between them.
For now, the future direction of the market depends on a breakout.
A bullish violation of the underlined red resistance will push the price higher.
While a bearish breakout of a trend line of a triangle will initiate a bearish move at least to 32850.
Wait for a breakout, traders.
That will be your trigger.
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S&P500 Index (SPY) Very Bearish Outlook
2 important bearish breakouts on S&P500 Index on a daily:
the price broke and closed below a support line of a rising parallel channel,
the price violated a horizontal demand zone.
Look for shorting opportunities from the underlined blue area.
I will expect a bearish continuation to 3750 from that.
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Dow Jonex Index (US30): Important Breakout & Bearish Outlook
Dow Jones broke and closed below an important daily structure support on a daily.
The broken structure turned into resistance.
I will expect a bearish trend continuation from that.
Goals will be 32550 / 32000
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S&P500 Index (SPY): Your Trading Plan For Today
S&P500 Index is trading within an expanding wedge pattern.
The price is currently approaching its support.
To buy with a confirmation, watch an hourly time frame.
I spotted a double bottom pattern there.
4008 - 4011 is its neckline.
Wait for its bullish breakout. You need an hourly candle close above to confirm that.
Buy aggressively or on a retest.
Goals will be 4041 / 4059
If the price sets a new low, the setup will be invalid.
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20 Reason buy S&P🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Super BUllish
2 📆Monthly: after a deep correction now, the impulsive move is just started
3 📅Weekly: bear trend/beartrap double bottom/ make lower high
4 🕛Daily: the clear bull trend toward extreme high
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: flag
7: 3 Volume: high volume
8: 4 Momentum UNCONVENTIONAL Rsi: super bullish
9: 5 Volatility measure Bollinger bands: v
10: 6 Strength ADX: bullish
11: 7 Sentiment ROC: bull
✔️ Entry Time Frame: H4
12: Entry TF Structure: bull
13: entry move: impulsive
14: Support resistance base: cip
15: FIB:
☑️ final comments: buy
16: 💡decision: buy
17: 🚀Entry: 4107
18: ✋Stop losel:4019
19: 🎯Take profit:4198
hiking can be exhausting It is my opinion that some form of a top is here. i have closed my calls.....
even if we don't sell off and just go sideways; i don't think we will see higher all of dec. which means no santa rally this year.
the bullish run should continue very early jan (jan 4 maybe) 2023.
as an overview. i do think the bear market is over. i do think the bull market will continue well into next year, but nothing goes straight up and 20% move is a decent move.
happy holidays to all.
S&P500 Index (SPY) Detailed Technical Outlook 📈
S&P500 index is trading within an expanding wedge pattern on a daily.
The price was stuck within a horizontal trading range for 2 week.
Its resistance was finally broken yesterday.
I think that it may push the market higher.
Next resistance - 4118.
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S&P500 INDEX (SPY) Bullish Outlook For Next Week
Hey traders,
We have spotted a confirmed bullish breakout of a bullish flag pattern on S&P500 Index on 4H time frame.
Retesting the broken trend line, we see a positive bullish reaction.
I will expect a bullish trend continuation next week.
Goal - 4030
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