This is an SPX chart from 1872. A 150 year old chart. As you know, I am the Elliott Wave Jedi. So, I took the liberty of labeling this SPX500 chart. There's only one thing I can say: "SNP500 is preparing for a BIG Drop, a Market Crash". My Wave Count suggests that a major Bearish Swing is starting, or will start soon. The 2009 lows are inevitable. Price Action...
Hello, everyone! The largest risk is incoming for all markets – traditional, crypto and other. The euphoria on SPX is going to the end. I analyzed the weekly timeframe and found the strongest price reversal signal. We can see that the divergence with the MACD histogram began to form for a long time, but now the MACD almost flashed the signal to reverse: the...
This is a classic diamond top reversal pattern. As we have now closed the Feb gap we start to go down finally. We will then bounce around within the diamond before finally heading down to our Buy Zone which is measured by subtracting the height of the diamond from the estimated break down point. Amazingly this point coincides with the green long term support...
No stopping this, I expect Mini getting close to All time highs.. indicators are strong and very trendy and respecting channel. Buy the dips as usual
Walking right into the kill zone. POC should pull the price up along with this news cycle turmoil for the next couple weeks (starting tomorrow guys!). Here's the treasure map:
So my bearish bat is still holding for the moment. Looking at the weekly it is likely we will test the 50MA as support flipped to resistance. This will also coincide with overbought conditions either this week or next. Then we will head down.
Perhaps there are a thousand more scenarios although I can see how the index has been losing momentum. Could it be that the market stimuli have not been sufficient and we are facing the continuation of the correction? I have drawn in yellow my main idea, that this is falling apart again. In another colour, a kind of orange, the idea that the market is still...
Hello there, this is our view on SPX, enjoy! We've seen a good price recover after the capitulation happened during the second/third week of March. And the worst seems to be really over, so why I'm still bearish about that? First of all, never forget about the news: coronavirus is still spreading, US are now the first country by active cases and US also exceed...
Let's check how fast it comes. Or not but it somehow is showing a lack of strength. What are your thoughts? Thanks.
SPX to climb from its upside confirmation at 3058.1 where it could potentially bounce further to 3186.8. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SPX to climb from its upside confirmation at 2955.8 where it could potentially bounce further to 3027.4. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Maybe a little divergence? What are your thoughts?
I believe we're not at the crash everyone is forecasting. We still have one big event that can lift investors sentiment, the US and China deal. Once we get finalization of the deal, this will create a brief rally to the top. After we get that out of the way, we will fall, fall, fall! What to watch: - 3 area of a bounce can occur: 2700 (span B), 2650~(9 Day avg...
Since December we have seen a weak rally of price back into an area of resistance with decreasing volume. A distribution pattern has been occurring since December 2018. A sell pivot printed on the 22nd January which gave the signal to go short. The target is the 1800 handle.
Intraday target: $2413 Long-term target: $2000
Intraday target: $2413 Long-term target: $2000
Intraday target: $2413 Long-term target: $2000
Intraday target: $2500 Long-term target: $2000