Sp1
S&P500 Index (SPY): More FED Printing
S&P500 is trading within a strong confluence area based on a daily/4h structure.
on hourly chart, the price has formed an ascending triangle formation and has just closed above its minor resistance.
let's follow the trend and try to catch a bullish continuation.
goals:
3608
3655
S&P and Nasdaq exhibiting the ratio of doomBoth are showing the 0.88 ratio (Inverse 1.13).
This 1.13/0.88 is the ratio heralding a reversal,
S&P500,broke Channel & below Support, will start deep correctionPlease Support this Idea with LIKE if it is Useful....
S&P500
The price is below Support/resistance structure & price also broke below the upward trending channel,currently the price is in correction mode, If price shows rejection from the fib levels I expect the price to continue lower and start a deep correction..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on Daily timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Dow Jones Industrial Average (US30) Bearish Continuation!
US30 has recently reached important zone of confluence:
27500 structure is based on a daily horizontal resistance and a rising major trend line.
the price formed a double top formation and went rejected on that structure
and during the US session, minor support of the double top went broken.
now bearish continuation is highly probable.
goals
27014
26800
S&P500 Index (SPY) Consolidation Trade
spy is trading within a wide horizontal trading range on 4H.
the price has recently reached its horizontal support and formed a double bottom formation.
breakout of its minor resistance confirms a local strong bullish sentiment.
for that reason, the index may keep growing.
goals:
3390
3415
S&P500, price rejected from demand zone,Buy on pullback...Please Support this Idea with LIKE if it is Useful....
S&P500
The price rejected strong from the demad zone and is above support/resistance level ,after a pullback If price starts to grow from the Fib levels then I expect the price to continue to grow.
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
S&P500, broke trendline and above S/R level,buy on confirmation Please Support this Idea with LIKE if it is Useful....
S&P500
The price broke above trendline and is above support/resistance level ,after a pullback If price continue to hold above the Support/resistance level then there is a chance that price might continue to grow.
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
SP-500We see an upward channel.
We had reached the maximum point as I showed it in the previous post and then we saw an 8% falling.
Now we are near the support line of this channel - a falling wedge pattern has formed and I expect the continuation of an upward movement to new highs.
Best regards EXCAVO
S&P500 analysis, broke trendline & above s/r level,buy setup...Please Support this Idea with LIKE if it is Useful....
S&P500
The price broke above trendline and is above support/resistance level ,after a pullback If price continue to hold above the Support/resistance level then there is a chance that price might continue to grow.
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 1hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Is SP500 ready to a corrective wave?Hello, traders.
SP500 is testing a major support zone after a 1 2 3 4 5 impulsive wave, and now the price is correcting on what can be the begging of a bigger A B C correction.
But is earlier to say because we must see the support of the pre-COVID all-time high playing.
Best regards.