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S&P500 Index: Your Trading Plan For Today 📈
S&P500 index is trading on a key daily structure support.
Analyzing the reaction of the price to that structure on 1H time frame,
I spotted a consolidation and ranging market.
The price is coiling around 3936 - 3941 minor resistance.
I will be waiting for an hourly candle close above that structure to buy the index.
Goal will be 4010.
Stop loss will lie below the lows.
However, if the price respects the minor resistance and drops lower,
the trading setup will be invalid then.
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S&P500 Index (SPY) How to Catch a Bearish Continuation? 📈
Hey traders,
From the middle of August, we see a sharp bearish wave on S&P500 index.
This week, the index reached a key daily structure support and we saw a pullback from that.
To catch a bearish continuation, wait for a bearish breakout of 3900 - 3940 area.
You need a daily candle close below that to confirm the breakout.
The market will drop at least to 3780 level then.
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Adjusted for inflation trendlineIn a philosophical way the money is a measure of value and all its quantity represents the resources from beneath the ground that are constantly being dug each day of our lives. Deluting the quantity of the currency supply does not change the value of every rare earth which came out of the ground to construct our physical world or the nutrients which fuel our productivity as facilitators of the constant digging process. Adjusting for the inflation even though its never 100% accurate gives us an idea where we are and where we are heading from the most fundamental perspective. Inflation can deceive, just like everybody who bought the 2000 bubble top thought they are at breakeven 8 years later.
Dow Jones Index (US30): Key Levels to Watch This Week 📈
Hey traders,
Here is my latest analysis for Dow Jones Index:
Resistance 1: 32320 - 32460 area
Resistance 2: 32770 - 32910 area
Resistance 3: 33250 - 33470 area
Support 1: 31390 - 31700 area
Support 2: 29675 - 30380 area
Consider these structures for pullback/breakout trading.
The price is approaching a Support 1 at the moment.
Being quite oversold, the index may retrace from that.
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Dow Jones Index (US30): Detailed Video Analysis 📈
Price action analysis on Dow Jones Index.
Key levels & potential scenarios.
Trading recommendations.
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Please, support my work with like, thank you!❤️
S&P500 Index (SPY) Key Level Ahead! Your Plan: 📈
S&P500 is approaching a key daily structure resistance.
To catch a bearish move from that watch a rising wedge pattern on 4H.
Your trigger to short will be a bearish breakout of its support (4H candle close below),
then the price will most likely drop at least to 4250 level.
Alternatively, a bullish breakout of the underlined yellow area will trigger a bullish continuation.
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Cash Out & Enjoy the Trip The Market went through the $4165-$4200 resistance, as described in my previous analysis.
We are still in a bear market, however, the short-term directionality is bullish. The price will probably try to break the $4400-$4500 level.
The last four weeks have been incredibly strong. Money Flow Index (MFI) in overbought & Rising Wedge Formation.
From my point of view, this is a bull trap formation. It can use the momentum to get to the $4500, which I see unlikely, but not impossible. I used the last weeks to sell and get more liquidity. Now I am just watching the price action.
My Scenario:
From 15/08/2022 to 01/09/2022 -> Upside to $4200-$4300.
From 01/09/2022 to 31/12/2022 -> Continuation of the bear market / Target: $2,800-$3,500 in 12-18 months.
S&P500 Index (SPY) Time to Grow 📈
This morning on a live stream with my students, we spotted a nice trading setup on S&P500 index:
the market broke and closed above a key daily level.
Retesting that structure, the price formed a double bottom formation on that.
The price has just broken its neckline.
I expect a bullish continuation now.
Initial target - 4256
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S&P500 Index: Key Levels to Watch Next Week 📈
Hey traders,
As I predicted, SPY nicely bounced on Friday.
Now the price is heading towards the next daily resistance.
Here are the key levels for you to watch next week:
Resistance 1: 4290 - 4400 area.
Resistance 2: 4500 - 4515 area.
Resistance 3: 4609 - 4639 area.
Support 1: 4150 - 4200 area.
Support 2: 4075 - 4100 area.
Support 3: 3900 - 3940 area.
Consider these structure for pullback/breakout trading.
Good luck next week!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
S&P500 Index (SPY) Your Trading Plan For This Week 📈
S&P500 index is currently trading on a key daily structure resistance.
On focus is a rising parallel channel on 4H. If the price breaks and closes below its support,
chances will be high to see a bearish trend continuation.
Initial target will be 4080 level.
Alternatively, bullish breakout of the underlined yellow area will push the market higher.
Next resistance will be 4290.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
S&P500 Index (SPY) Your Trading Plan For Next Week 📈
Hey traders,
S&P500 is approaching a key daily structure resistance.
To catch a bearish move from that, watch a rising wedge pattern on a daily time frame.
Wait for a daily candle close below its support.
Then short aggressively or on a retest.
Initial target will be 4015.
Good luck!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Can we see a major reversal ? (NDX, SPX, ES1!...)Between monkeypox, upcoming CPI data, recession fear, Russia, and china I feel we have many reasons to see a correction if not a correction, the highly talked about recession. Being this is my first year as a trader at times like this I feel the most strategic thing I can do is sit on my hands. But I am eager to hear opinions and perspectives on what is to come, comment below on what you think is approaching.
Is the S&P 500 DOWNTREND OVER? The price is moving according to my last analysis on July 29th of the S&P 500 Futures. The market is taking a breath from last week, yesterday it closed more or less at that support area of $4100.
We still have some important earnings incoming, I stick with my point that we can use the momentum to get to $4200 or even higher. However, in order to break this DOWNTREND, we need to get above $4500 and maintain.
I'm not going to spend time talking about breaking the resistance of $4500 , as I see it extremely unlikely to happen.
During the next few days, the market can decline till $3950 support , in order to get some volume and make new higher highs around $4200 .
The economic environment is bearish for the stock market, unless the FED decides to decrease interest rates and start printing again, avoiding fighting inflation, destroying the currency as a result.
The scenario that I think is going to happen is that we will continue the downtrend that started in the beginning of the year 2022.
From my humble opinion, this was just one more rally in a bear market, maybe a bull trap that can last a few weeks more.
I see the market between a range of $2800-$3500 till the end of the year, unless something big happens and reverses the downtrend.
Honestly, I think they are just trying to keep the market up the longer they can, in order to sell their balance sheet at higher prices, starting from September.
This thing can reverse in every moment, or it could continue to be bullish the next trading sessions. Better wait to trade to the downside till some clear reversal appears .
Good luck with your investments.
Earnings Releases to keep an eye on:
- Marathon Petroleum (MPC), Occidental (OXY), BP (BP)
- AMD (AMD)
- Starbucks (SBUX)
- Caterpillar (CAT)
- PayPal (PYPL)
- Gilead (GILD)
- Airbnb (ABNB)
- Marriott (MAR)
- Uber (UBER)
- Electronic Arts (EA)
- Waste Connections (WCN)
- Illinois Tool Works (ITW)
- Cummins (CMI)
- IDEXX (IDXX)
Dow Jones Index (US30): Key Levels to Watch Next Week 📈
Hey traders,
Here is my latest structure analysis for Dow Jones.
The index keeps growing, and here is the list of resistance to watch for occasional retracements:
Resistance 1: 33270 - 33500 area.
Resistance 2: 34000 - 34270 area.
Resistance 3: 35280 - 35520 area.
Consider the following supports for pullback trades:
Support 1: 31390 - 31900 area.
Support 2: Falling trend line.
Support 3: 29670 - 30166 area.
Good luck next week!
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Please, support my work with like, thank you!❤️
Dow Jones Index (US30): Detailed Technical Outlook 📈
Weekly/daily time frame analysis on Dow Jones.
Price action, key levels.
Potential scenarios explained.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
S&P500 Index (SPY) Breakout & Bullish Continuation 📈
Hey traders,
S&P500 finally broke and closed above a resistance line of a falling channel on a daily.
I expect a bullish continuation to 4075 / 4175 resistance now.
For entries, consider an occasional retest.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️