Some elliott wave analysis on the 500. Seeing a lot of investors talking about 8% + drop. Not so fast bears, we need a political event to send us tumbling into such a bear cave!
Expect 440 on SPY to bring some real resistance if it can even get there. Lots of people turning bullish be careful, this isn't the bottom you want to be accumulating on for right now lol.
The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down. A single euro bought $0.998 on the foreign exchange market at 12:45 GMT, down by 0.4% in the day's trading. Fears that Russia may restrict Europe's supplies of energy have increased the chances of recession in the euro area. The...
All in the video, my guess is CPI is a bounce and then fail.
Looks like the first impulse down is close to being complete. A backtest of the channel near 3870ish later today or tomorrow is an objective short. Also it may just keep falling. Good luck!
Not getting the kind of reaction I was expecting. I still expect a move down, but I believe there's enough warnings that we're going to start a large rally soon for a few weeks or even into end of summer.
And probably lower, but one step at a time. Friday was a bull trap as I suspected, but believe me last night when they pumped it to 3850 I wasn't happy. We should get a reaction at open to test that red trendline, but to me that would be an objective short. but there's no reason to think about covering shorts until we hit the yellow structure line again - around...
Very possible we are going to have just one more down before a larger counter trend rally. The market is feeling extremely exhausted, and even today's fed rally was weak. That tells me that the "buy the dip" crowd is gun shy and that also means that a buy opportunity may be very soon for the minority. Structural target looks like 3600-3550, could be next week.
Yo! Elliot waves with fib levels. possible outcome using fib levels.. pure technical.. remember macro economics still looks bad.. Have a nice week and Good Luck, t347 AMEX:SPY
US500 looks bearish at the moment but the bulls have an opportunity to take offense mode and flip the trend. - HH
I’m still bullish for GC. So far plan is being executed but I be hoping for more true breakout by now. My options are = end trade And no loss, but no potential profit =Stay in trade Risk bigger loss Potential gain Exit and re enter on test of wedge Better RR ratio Risk no entry At this time I stay in trade and watch. Why? So far acting the way I predict....
TF: 30 min Price looks like it broke out of the consolidation zone, I am looking for a retest of the broken consolidation area/0.382 confluence level for a scalp to the upside
TF: 12 Hr Looks like it will fill the wick and possibly retest the trend line /trade around it for a little bit. RSI has some room to move north before being considered overbought; however, some bearish divergence may be building on the 12 hr TF, I will have to see how it plays out. The big fat light blue line is a large moving average, note how it found support...
The action is gotten long after a soft open in the overnight session so will be leaning long unless both of the buy lines get aggressively taken out. Looking at a possible long targets of ES 3350 and 3390. Now this may not even come close to happening and we may just chop because of the election tomorrow.
TF: 4 Hr Looks like we got an interesting set-up on SPX. Taking the fixed volume ranges of the recent downwave (~$3590 to ~$3220) upwave ~$3220 to ~$3550) shows that most of the volume traded for both ranges is between $3558 and $3775. Taking a fibonacci retracement on the recent upwave shows that the two range POCs are within 0.50 to 0.618 retracement golden...
Hi every one chart is speaking it self . As you can see, the market has created a pattern of cup and handle, but the handle have not yet been formed. Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad. This is not financial advice. Remember to do your own research and build your own plan before you trade Thank...
S&P - Looking for 3300 Big Fig. I believe it will have no problem getting to that objective. Thank you.