As We Talked in The Previous Analysis: On Thursday 11 January, The SPX500 Reached a Strong Resistance Level (4792.00 - 4817.20) The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! So, I Expect a Bearish Move📉 TARGET: 4704.00🎯
Overnight, multiple Chinese stock markets established new lows, setting the negative tone for the European trading session and futures markets in the United States, with all major U.S. indices diving into the negative territory ahead of the regular trading hours. So far, the SPX has failed to get through the psychological resistance of $4,800 and establish new...
Pair : SPX500 Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame. It has completed " 12345 " Impulsive Waves at Daily Resistance Level creating Double Top Pattern as Corrective Pattern in Short Time Frame. We have Strong Divergence and CHoCH
What's on the chart? 1) An old high that marked a strong year for 2023. 2) A rebound in a weekly FVG that earlier served as a bullish signal for prior trading sessions. 3) In the process of that rebound, a 4H bullish FVG was formed which will serve as our target area + fibs. 4) The 2023 high was broken. 5) IMPORTANT: the new high wasn't taken out. Hmmm.....
Please Do your DD as this is not a financial advice The CPI report came in hotter than expected but still seems to be going down now at 8.2 from the June Peak of 9.1. I am reminded at the depths of covid how everyone was negative and bearish but the few who bought then made a lot of gains. I am still cautiously optimistic that this is a back test of the bullish...
Market maker buy model for CBOE:SPX should last for a while longer now
Hello trader’s what do you think about) GPBAUD) ? traders are you looking 👀 a cup bullish pattern) I think wait for handle) bullish momentum) Entry 1.88574. Target 1.90597 Target 1.91732 Safe trade 🙏🙏❤️🩵 Plaes like 👍🏻 and comments)
Hello trader’s what do you think about eurusd)? dear traders I think 4H trand line this week Cpi news soo I think eurusd fullback resistance levels my Postens open 01.09000 Long trade) bullish momentum) Target 1.10357) Target 1.10837) Target 1.11657) GBP/USD remained consolidative on Thursday, bid just above 1.26 and offered just above its 10-DMA at...
Hello trader’s what do you think about GBPJPY) ? Gpbjpy breakdown resistance levels fullback down 👇 Entry 183.710 Target 181.762 Target 178.322 safe trade 🙏🙏❤️🩵 Plaes like 👍🏻 and comments)
Hello 👋 it's me your RAJ 🙂 professional trader ✨ This idea 💡 is completely my own analysis to explain situation _&_ market conditions of CBOE:SPX How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR Let's go with market conditions 1st 👉 PPL 📌 thinking 🤔 big crash in S&P500 , based on economy and some other theories I don't...
So, we did hit that 4750 range, and ended up hitting it within just a few hours of my assessment that was the next area for us to head. That opens up a few trends to take us lower, specifically the 1hr and 2hr, as seen below in the trends; Last Macro Trend Signal Spots (ES Contract) 30m - 4722 Downtrend (1/8/2024) Lower Low 1Hr - 4757 Uptrend (1/5/2024) Lower...
Dear Esteemed Members, The supertrend was bullish, but two sell signals concluded with a bearish price action. The rejections happened around the resistance level from a previous top. The price is now below the upper green support level. I think the S&P 500 market will reach the next support level: around $4600. So, I'd consider a short position. You can...
US500 - Intraday Previous support level of 4700 broken. Short term bias has turned negative. We are trading at oversold extremes. We look for a temporary move lower. Preferred trade is to sell into rallies. - We look to Sell at 4700 (stop at 4729) Our profit targets will be 4645 and 4615 Resistance: 4750 / 4820 / 4920 Support: 4610 / 4500 / 4415 Risk...
If you've been following my ideas over the last few weeks, you'll know that I have a macro bearish view going into next year. I think the market is setup to drop 30-40%+. I know everyone is calling for new highs (Tom Lee, looking at you), but it's not going to happen IMO. We're not in a bull market, this is still just a bullish bounce within a bear trend. I'm...
The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates. Questions for 2024 will be when the Fed begins cuts, and whether the first rate reduction is made to avoid over-tightening as...
HELLO TRADERS!! As i can see S&P500 is making a bull flag and ready to reay a new historical high before ending of 2023 i am expecting it will move more upside till 4800 zone we are trading with a very low risk reward ratio so lets see what markets move bulls or bears ..... its just an trade idea share ur thoughts STAY TUNED FOR MORE UPDATES !!!
This was my article about the SPY S&P 500 ETF price target for 2023:https://www.tradingview.com/chart/SPY/l6U1M9dJ-SPY-S-P-500-ETF-2023-Forecast-CPI-Report-Prediction/ I was bullish, but not enough! In the July 2023 meeting, the FOMC opted to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at curbing elevated...
hello trader’s what do you think about gold) gold fullbacks support levels 2047) Gold if breakoutdown and this weekend looks better news CPI trader’s 2047) support levels and gold mowing fullback 2100)resistance levels)my position 2047) lounges 2100) key levels 2080 key levels 2090 key levels 2100 Gold finished the year at $2,063 an ounce, climbing more...