Check out this Super Steep RSI Sell Divergence on the S&P 500... This is a long term issue for the market. The indicator is making lower highs while price keeps making higher highs. This creates a paradox, a vacuum, a discrepancy, etc.... This is the most important chart to watch IMHO for the medium term.
Here is our detailed technical review for SPX500USD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 5,430.7. Taking into consideration the structure & trend analysis, I believe that the market will reach 5,568.2 level soon. P.S We determine...
Analysis of the S&P 500 Weekly and daily time frame The S&P 500 index is near the daily and weekly supply area, and long positions have higher risk.
AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger. If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530. Another possibility, is...
Take a look at our analysis for SPX500USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 5,386.5. Considering the today's price action, probabilities will be high to see a movement to 5,439.7. P.S Overbought describes a period of time where there has been...
SPX500 went up to Retest the horizontal Resistance level of 5313 From where we will be Expecting a local Move down!
Here is our detailed technical review for SPX500USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 5,339.5. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,407.5 level. P.S Overbought...
My Dear Robbers / Traders, This is our master plan to Heist S & P 500 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. There is two plan to heist this market, Our target is Green Zone when market comes downside that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the...
Pair : SPX500 Index Description : Break of Structure and Retracement RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame Consolidation Phase Completed " 12345 " Impulsive Waves
these scenarios I expect with confirmation but I would like it to go down first and look for purchases since the structure is bullish
1/3 AWR can send us higher! it usually acts as true support / resistance like today!
SPX500 went up to Retest the horizontal Resistance level of 5323.37 From where we will be Expecting a local Move down !
Take a look at our analysis for SPX500USD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5,294.3. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,215.6...
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Two years after my last big short on SPX, the price has once again reached the top of the ascending channel. Based on this scenario , the expectation is that SPX will peak within the next two months , around early May 2024. Initial target 4,800, stretch 4,400 Incidentally, Bitcoin appears poised to surpass its 2021 all-time high, during which Bitcoin peaked...
By examining the weekly and 4-hour charts, we can determine the price was heavily pushed down after creating the all-time high. I am not bearish for the long-term on the S&P500, but for now, I think the price can have a bearish reaction to the bearish breaker block and move down at least till the previous week's low, then we should study the price to find out the...
Hello traders, It's my opinion on the S&P 500 across multiple timeframes. After analyzing the daily chart, I have observed that the price is currently in a strong bullish trend. However, based on candle formations, I believe that the price is likely to complete a pullback and reach the Daily Order Block zone at 5200. Considering the dominant trend in the daily...
Hello Traders and welcome! Let's take a look at the S&P 500 today. The price has formed a cup and handle on its weekly chart, successfully breaking above the breakout level of 4815.92. Levels to consider are 38%: 5325.92, where partial profit could be taken, and this level might be used as support in the near future. Further targets are 62%: 5634.84 and 79%: 5857.40.