SPX WARNING Fibonacci Circle top and Wave 5 topHi its been a while,
i've been very busy with The OWL and cryptos. I want to show you this chart cos i think we are approching a market top soon, the consequence of a hit of this 3.618 fib would end in my opinion a Supercycle.. which can bring a depression and a Deflation plase. Also this bearish divergence we created since May 1998 is no doubt.
Spx500analysis
SPX's Elliott, shallowest pullback since Covid =signal up/down ?# 1 The shallowest pullback between 5 Ws intervals.
# 2ed shallowest pullbacks of all probable W2s +W4s since covid's low.
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If we rhythm with the past 10.50 -5.75-3.65
then our next pullback 5Ws completions
will be 1.50 % what's up with that !!!!!
SPX500USD 2021 July 26 Week
OANDA:SPX500USD
SPX500USD 2021 July 26 Week
Long from lower green zone was fruitful.
Weekly: Engulfing wide spread up bar, closing at its high. No sign of weakness yet
Daily: Wide spread up bar close of its low, decreasing volume on move up = SOW
H4: Widespread up bar + Upthrust + decreasing volume on move up = SOW
Strategy:
1) Short on ND / Upthrust / Mushroom over
2) Long if there's climatic down bar + strength
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Have a successful week ahead in whatever you do
SPX - Potential important levelsSPX seems to running into problems here. It opened gap down today and filled the previous gaps. But it left an unfilled gap on the upside: 4277-4321. If the gap doesn't get filled, it will likely to boost the global sell-off.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
SPX500USD 2021 July 12 WeekOANDA:SPX500USD
SPX500USD 2021 July 12 Week
Bar 1 confirmed as SOW and move was manifested on 06 Jul. Theme last week was similar
to Nasdaq - trapping longs and shake out
Weekly chart: Net gain from previous bar has diminished, volume has picked up slightly..
Daily chart: No significant weakness observed
H4 chart: Shortening of trust, weakness manifesting
Strategy:
Long on retracement is preferred.
1) If price returns to test bar 2, long when price is supported
2) Last bar shortening of thrust. If price hovers around that zone, we may have short opportunity
3) If you see a sudden spike in price and bar closes on its low, forming an upthrust, don't chase
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Have a successful week ahead in whatever you do
SPX500USD 2021 JULY 05 WEEK
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SPX500USD 2021 JULY 05 WEEK
New high achieved. Last bar closing on the low.
We will wait for Monday to see if this is mark down for buying or SOW.
Weekly chart : Weakness - shortening of thrust, diminishing volume as price advances
Daily chart : No significant weakness observed.
H4 chart: Last bar is an Upthrust. Wait for Monday to show us if this is mark down for buying or
if this is weakness.
Strategy:
1) If Upthrust for further buying: price goes below UT bar, wait for reversal price action or intermediate support to buy
2) If Upthrust is sign of weakness: Wait for price to come down, return to test the high and price rejection to short.
Like and follow if you find this useful : )
Have a successful week ahead in whatever you do.
SPX500: double entry intraday tradeHi Traders,
This is my view on this pair for the next few days
#SPX500
Double entry (wait for evidence after NY opening)
SELL 4255
SELL 4257
SL 4262
TP 4240
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
SPX500USD 2021 June 21 (Intraday)
OANDA:SPX500USD
SPX500USD 2021 June 21 (Intraday)
The past reveals the future. Last week, we opined on possibility of history repeating as price reaches a previous high.
Congrats to those who had not been sucked in as market was marked up and waited for a short.
Price has paused at 50% 4151 of the previous up move.
Scenarios:
1) If price is supported at the 50%, it may test ultra high volume bars 2 or even 1.
2) Price breaks through 50% and target 4078
3) Short opportunity should present itself if price returns to test the high volume bars 2, or even bar 1
4) Price resisted at a previous support turned resistance.
Like and follow if you find this useful. Have a good trading week ahead.
SPX500USD 2021 June 14 (Intraday)
TVC:SPX
SPX500USD 2021 June 14 (Intraday)
Weekly, Daily, H4 = Bullish
Price has approached a previous high, will history repeat?
Not much market participation at higher prices, however will wait for sign of weakness to appear
before taking short position.
Scenario
1) Short if price is rejected since it as at a resistance zone.
2) A convincing break takes volume, else keep stops tight if long
3) if range is narrow and volume is low, stay out of market.
Have a good trading week ahead!
SPX500USD 2021 May 31 Week (Intraday)
OANDA:SPX500USD
SPX500USD 2021 May 31 Week (Intraday)
Weekly, Daily, H4 = Bullish
Last week 4148 immediate support held and then price found acceptance at 4178-4190
(last week's scenario 2). Long was good.
Scenario:
1) Market to test 4183-4190. Long if supported
2) Daily chart we see an uthrust bar has formed, this is weakness,
so don't be surprised if support is broken, target could be 4148.
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Have a good trading week ahead!
SPX500USD 2021 May 23 Week (Intraday)
SPX500USD 2021 May 23 Week (Intraday)
Weekly, Daily, H4 = Bullish
Last week a re-test of high H presented a good short into previous demand bar 1.
Market then again found its way to test H again.
Scenario:
1) Immediate support 4148 if broken, targets may be 4133, 4108, 4084
2) If there's price acceptance at 4178-4190 region accompanied by
healthy volumes on up bar, we may have a resistance turned support
long opportunity.
Like and Follow if you find this useful : )
Have a good trading week ahead!
SPX500: my multi-timeframe analysisHi Traders,
This is my long-term overview of SPX500 on a Wyckoff point of view
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
SPX500 could move UP!Hey tradomaniacs,
EUR/AUD aswell as GBP/NZD are still valid as I see a potential for SPX500-Longs 👉
The retracement back to support-zone has attracted buyers to accumulate volume, which can result in more momentum and more strenght for NZD aswell as AUD against other majors.
Currently much of choppiness in the market ahead the FOMC-Event❗️
Let`s see what happens! =)
US Market Technicals Ahead (17 May – 21 May 2021)Focus this week for investors will be on the minutes from the last Federal Reserve's last policy meeting that are due on Wednesday. There will be hopes that they might provide some clarity on policymakers' next moves. Last month, the Federal Reserve left monetary policy unchanged, despite acknowledging a "temporary" rise in inflation and an improvement in the economic outlook.
Additionally, with a strong U.S. Q1 reporting season winds up; retailers are getting started - Walmart ($WMT), Target ($TGT), Home Depot ($HD), Lowe's ($LOW), L Brands ($LB) and Ralph Lauren ($RL) release results this week. The numbers will show how consumer spending is shaping up as the economy rebounds from the coronavirus. And after U.S. consumer prices rose by the most in nearly 12 years in April, investors will want to see whether price pressures are building for companies. Also, the CDC said fully vaccinated people can stop wearing face masks and end physical distancing in most settings.
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) erased all gains for the month of May, losing -1.31% (-55.4 points), with trading floors awashed with red after a higher-than-expected reading on US inflation fuelled bets of potential tapering of the Federal Reserve’s bond-buying before year’s end.
$SPX is currently trading below its 20DMA, along with an failure attempt to break its minor classical support level of 4,110 highlighted last week. It is also worth to note that $SPX ATR-14 have rebounded from its year low level of 40 points/day, with a 20% increment towards 50 points/day during the week. Trading volume resumption back to its normalcy is also witnessed on 13th May, the day of the rebound.
The immediate support to watch for $SPX remains at 4,110 level, a minor support turned major support level, coinciding with its 50DMA.
S&P (SPX) Where to next?S&P (SPX) Where to next?
Awesome week so far the Volts are back in full action, a high CPI number it was relatively expected moving risk off - DXY to upside, VIX Up, majors down & indices falling. On my week ahead newsletter I went through the indices and stocks of the FAANGS. More specifically I am going to mention Nikkei - That was one of my favourite cleanest set ups for this week and I still further downside ahead.
Now given the high US CPI numbers - 4%. Things get interesting fundamentally. Will they raise rates anytime soon? Will they taper! I think they will mention tapering end of summer August Jackson Hole - Is the key event I am looking out for. However, could be anytime...!
Indices having the worst days since Feb! Technically - it was only the matter of time...! Finally happening BUT...Now we are at a very interesting area
Technically:
Pattern Wise: Longer term - Rising longer term wedge
Key Support area: 4000** Area is key support area if we go below and close below of trendline up - bears will gain further control sell off could continue 3950 areas next move to 200 EMA areas!
Key tip: Focusing on the bigger picture helps execute shorter term trades.
Trade Journal
Just trade idea, not a recommendation