Minor wave 4, if it ended was a dud. But the models indicate Minor wave 5 and the Intermediate A top will come quick. The historical models indicate the market can now top as early as the second hour of trading tomorrow. Minor wave 3 is likely already through wave 3 as seen here: Based on a hypothetical top of 4384 the path in the image above outlines the rough...
The S&P has had a bull run in 2023 but it has stalled at 4600. What is even more worrying for the bull is that: 1) There is a huge Weekly double top with divergence on S&P 2) There is a pattern to sell 3) The neckline was broken and the market closed below it Overall the market is going to be bearish for the coming months. We will continue to sell all indexes...
This is a weekly chart and I meant to share this on Friday; but forgot. Blue vertical lines are the paths from previous bear market lows to new all time highs, over-layed to the bottom of October 2022. Red vertical lines are the bear market paths from all time highs to bear market lows, over-layed to the high of January 2022. As you can see we are no longer...
SPx The direction can succeed in dropping about 1.58% on Friday Now it tries to touch 4442, but the condition should break 4457, then will push up while stabilizing above 4442, and stabilizing above 4478 will be an uptrend to reach 4505 The pivot line will be 4442, Pivot Price 4457 Resistance prices: 4478 & 4505 & 4526 Support prices: 4442 & 4421 &...
SPX 3D support is now at $4100 Enter 50% at the current price and try to set some BUY orders near the support zone If SPX stays above the trendline, the Take-Profit target would be 5%, 10%, and 15% from your entry Cheers
S&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%. Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage. From a big picture point of view, S&P 500 continues to consolidate in the range between...
Pair : SPX500 Index Description : Bullish Channel in Long Time Frame and Rejecting from the Upper Trend Line Completing its " 3rd " Impulsive Wave. We have Break of Structure and Making its Retracement in Corrective Waves " ABC " . Possible Rejection from Fibonacci Level 61.80% or Previous Resistance
SPX Daily Price Chart After the recent bounce of the level of resistance (Red Box) the SPX snapped it's first small level of resistance (Teal Dotted) and has continued lower. Price has also closed below the 50-day EMA while the 12-day and 26-day have recently crossed and the 50-day flattens out. The next level of support (First Green Box) should come into...
Notice how we have tapped 4600 which an extreme overbought level. SPX must retest a lower level of 4380-4330 and if it does not hold it should freefall to 4200 in prep for Q4. SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023. a correction is due. I am using AMEX:SPXS as the inverse of this play. I do have a...
SPx the price can stable in a negative direction because already stabilized under 4358 so now will do a retest till 4358 and then will drop to reach 4309 and then should break that to get 4278 also. the price will start dropping as long as trades under 4358 to reach 4309 and 4278 for this week however, if the price reversed and stabilized above 4365 then will...
Pair : SPX500 Index Description : Rising Wedge as an Correction in Long Time Frame Consolidation Phase S / R Level Bullish Channel Break of Structure RSI - Divergence
If SPX sweeps highs on a monthly perspective, could confirm indices shorting. Targeting Weekly Imbalance
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This is a very bearish outline for the market. If we look at RNLC - the US Large Cap Select ETF then it is showing head and shoulders with a pair of longer-term RSI divergences. I believe this could be an indicator of where SPX is going in the near future. SPX itself is showing a rising wedge that appears to be forming right where the head and shoulders on...
SPX price chart has printed a bearish harmonic pattern along with a bearish divergence on RSI which indicates trend may reverse from bullish to bearish if the support level of 4060 is broken.
Pair : S & P 500 Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line Break of Structure Completed " 1234 " Impulsive / " AB " Corrective Wave Divergence Impulse Correction Impulse Rising Wedge as an Corrective Pattern in Short Time Frame
after hitting the roof of the canal, there is a possibility of falling to the bottom of the canal
struggling in the 4k zone again. looks to be sitting up for a wave c down to get us to our potential wave 2 completion zone. great RR @ 6.9. worth punting shorts here. will cut if rsi eq holds.