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Nas100 - Huge bear trap or further downside?The Nasdaq 100 has recently broken a critical rising trendline that has supported its bullish trajectory for an extended period. This break signifies a potential shift in market sentiment, suggesting that the prior uptrend may be losing steam. When an established trendline is breached, it often signals a change in the market's direction, indicating that buyers are losing control and sellers are starting to assert dominance. In addition to the trendline break, the Nasdaq 100 has now fallen below all of its key moving averages—namely, the 50-day, 100-day, and 200-day moving averages. These moving averages are widely followed indicators of trend strength, and their loss is typically a bearish sign. When prices drop below these averages, it signals weakening momentum, and it becomes harder for the index to regain upward traction without strong buying pressure. The weekly timeframe shows a beautiful support level if the bulls fail to reclaim all the key moving averages. Together, the break of the rising trendline and the loss of key moving averages suggest that the Nasdaq 100 could be entering a phase of increased volatility and downward pressure. Traders should closely monitor the index for potential further declines or a failure to reclaim these key technical levels, as they could signal deeper market corrections. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
PEPPERSTONE:NAS100
by Youriverse
16
Quantum's BAC Ultimate Weekly OutlookBAC (Bank of America Corporation) - Sector: Financials (Banking) Sentiment: Bearish. Put volume rises, RSI 45 weakens, X posts note banking fears from tariffs/economic uncertainty. Tariff Impact: Moderate. Tariffs may slow growth, impacting loans, but domestic focus softens the blow. Sentiment drives more than fundamentals. News/Catalysts: Banking sentiment shifts on X. Consumer Credit (April 8) could signal credit trends. Technical Setup: Weekly Chart: HVN above as resistance, weekly low as support. Downtrend (8-week EMA < 13-week < 48-week). RSI 45 (neutral, fading), MACD below signal (negative histogram widening), Bollinger Bands near lower band, Donchian Channels below midline, Williams %R -68 (nearing oversold). One-Hour Chart: Support below, resistance near highs, weekly alignment. RSI 42, MACD below signal (negative histogram growing), Bollinger Bands at lower band, Donchian Channels below midline, Williams %R -74 (close to oversold). 10-Minute Chart: Bearish breakdown, 8/13/48 EMAs down, RSI 42 weakening, MACD flat near zero. Options Data: GEX: Bearish—pinning below close, dealers hedge puts to resist upside. DEX: Bearish—put delta leads, selling bias. IV: Moderate—slightly above norm (e.g., 25–30% vs. 20–25%), uncertainty raising prices. Supports GEX pinning, boosts DEX bearish bias. OI: Put-heavy—high OI at lower strikes, capping downside. Sympathy Plays: JPM (JPMorgan Chase): Moves in sync—rises if BAC takes off, falls if BAC dumps. C (Citigroup): Correlates via banking—gains with BAC rallies, drops with sell-offs. Opposite Mover: BAC dumps → defensive stocks like JNJ may rally; BAC rallies → JPM/C surge. Sector Positioning with RRG: Sector: Financials (Banking). RRG Position: Weakening Quadrant. BAC’s economic sensitivity fades vs. XLF as tariffs/rates weigh. Targets: Bullish +3% (hourly resistance); Bearish -5.1% (weekly support). Trade Idea: Weekly put (exp. April 11) on 10-min breakdown, target support, stop above close.
NYSE:BAC
by QuantumEdgeAnalytics
Weekly $SPY / $SPX Scenarios for April 7–11, 2025🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 New U.S. Tariffs Begin April 9: Trump’s “Liberation Day” tariffs — 10% on all imports, 25%+ on key sectors — could stir volatility. 🇨🇳📦 China Retaliates April 10: A 34% retaliatory tariff on U.S. goods raises trade war fears and inflation concerns. 🏦💰 Big Bank Earnings Kick Off: JPMorgan, Wells Fargo, and BlackRock will report. Markets will watch closely for financial health signals. 📉📊 March CPI Report Coming April 10: Inflation data could sway the Fed’s rate path. Forecasts call for a 0.1% increase. ⚠️ Volatility Alert: Piper Sandler projects a possible 5.6% move in the S&P 500 this week — up or down. 📊 Key Data Releases 📊 📅 Monday, April 7: 🗣️ Fed Gov. Kugler Speaks (10:30 AM ET) 💳 Consumer Credit (3:00 PM ET) — Forecast: $15.5B | Prev: $18.1B 📅 Tuesday, April 8: 📈 NFIB Small Biz Optimism (6:00 AM ET) — Forecast: 100.7 🗣️ Fed’s Mary Daly Speaks (8:00 AM ET) 📅 Wednesday, April 9: 📦 Wholesale Inventories (10:00 AM ET) — Forecast: 0.4% | Prev: 0.8% 🗣️ Fed’s Barkin Speaks (11:00 AM ET) 📝 FOMC Minutes (2:00 PM ET) 📅 Thursday, April 10: 📉 Jobless Claims (8:30 AM ET) — Forecast: 219K 📊 CPI (8:30 AM ET) — Forecast: 0.1% | Prev: 0.2% 🗣️ Fed Gov. Bowman Testifies (10:00 AM ET) 📅 Friday, April 11: 🏭 PPI (8:30 AM ET) — Forecast: 0.2% | Prev: 0.0% 🗣️ Fed’s Musalem Speaks (10:00 AM ET) ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by TrendTao
Quantum's Premium IWM Weekly OutlookSentiment Overall Sentiment: Bearish with potential for reversal. Options Activity: Recent data shows elevated put volume over calls (e.g., 8 puts Ascending Triangle DEX suggests a bearish directional bias. Posts on X indicate traders are eyeing short setups, reinforcing this sentiment. 1 OTM Premiums: 0DTE (April 7 expiration): Call: $182 strike, premium $1.20 (moderate IV, ~35%). Put: $180 strike, premium $1.35 (moderate IV, ~35%). Weekly (April 11 expiration): Call: $182 strike, premium $1.45 (moderate IV, ~32%). Put: $180 strike, premium $1.40 (moderate IV, ~32%). Notes: Premiums are kept under $1.50 for cost efficiency in 0DTE and weekly trades. IV levels are moderate, reflecting recent volatility spikes but not extreme conditions, making these contracts attractive for short-term plays. Technical Indicators: Weekly EMAs (8/13/48): The 8-week EMA ($198.50) is below the 13-week ($202.10) and 48-week ($208.30), confirming a downtrend. RSI (14-week): 32, nearing oversold territory, hinting at a possible bounce. Market Context: Small-cap stocks like IWM have been under pressure due to tariff fears and a hawkish Fed stance. However, oversold conditions and seasonal strength in April could signal a relief rally. Potential: Continuation of the downtrend is likely unless a catalyst reverses sentiment, but a short-term bounce to $185–$190 is plausible given oversold readings. Tariff Impact Exposure: Moderate to severe. Analysis: IWM tracks the Russell 2000, comprising small-cap U.S. companies, many of which are domestically focused (e.g., manufacturing, retail). A 10% universal tariff, 25% on Canada/Mexico, or 46% on Vietnam could raise input costs for these firms, squeezing margins. Sectors like industrials (20% of IWM) and consumer discretionary (15%) are particularly vulnerable. However, tariff impact may be overstated—rising interest rates and a strong dollar are likely stronger drivers of recent weakness. Critically, the narrative around tariffs often amplifies fear beyond fundamentals, offering contrarian opportunities if panic subsides. News/Catalysts Recent News: Trump’s tariff rhetoric intensified last week, with small-caps hit hardest (IWM down 9.5% in 1M). The Fed’s hawkish December stance continues to weigh on risk assets. Upcoming Events: April 8: Consumer Credit data release—could signal consumer health, critical for small-cap earnings. Mid-week: Potential tariff policy updates—speculative but impactful. Speculative Catalysts: X posts highlight short interest in IWM and oversold conditions, suggesting a squeeze potential. A surprise Fed pivot or tariff rollback could spark a massive rally. Alignment: Small-caps are sensitive to economic data and policy shifts, making IWM a prime candidate for volatility-driven moves. Technical Setup Weekly Chart: Key Levels: High Volume Node (HVN): $195–$199 (prior support, now resistance). Monthly Open: $199.78 (resistance). Weekly Low: $176.67 (support). Trend: Downtrend since March peak ($208.52), testing year-lows. One-Hour Chart: Support: $179–$180 (confluence with weekly low). Resistance: $182.50–$184 (prior consolidation zone). 10-Minute Chart: Entry/Exit: Bullish: Break above $181.50 (8-EMA) with a hammer candle for a long to $183. Bearish: Breakdown below $180 with volume for a short to $177. EMAs (8/13/48): 8 ($181.20) > 13 ($181.00) < 48 ($182.30)—choppy, no clear trend intraday. Indicators: RSI (14): 38 (10-min), neutral but rising—watch for divergence. MACD: Near zero line, flat—momentum stalling. Options Data Weekly Overview Gamma Exposure (GEX): Bearish—pinning near $180–$182, dealers hedging accelerates downside below $180. Delta Exposure (DEX): Bearish—put-heavy activity signals directional selling. Vega Exposure (VEX): Neutral—moderate volatility potential, no extreme IV spike expected. Implied Volatility (IV): Moderate (~32–35%)—elevated but manageable, favoring sellers over buyers. Open Interest (OI): Bearish—high OI at $180 put and $185 call strikes, capping upside. Potential Price Targets Bullish: $185 (+2.2%)—tests weekly HVN; $190 (+5%) if momentum builds. Bearish: $177 (-2.3%)—revisits year-low; $170 (-6.2%) on tariff escalation. Trade Idea Bullish 0DTE (April 7): Trade: Buy $182 Call @ $1.20. Entry: Break above $181.50. Target: $183 (profit $0.80, +66%). Stop: $180.50 (loss $0.70, -58%). Bearish 0DTE (April 7): Trade: Buy $180 Put @ $1.35. Entry: Breakdown below $180. Target: $178 (profit $0.65, +48%). Stop: $181 (loss $0.85, -63%).
AMEX:IWM
by QuantumEdgeAnalytics
SNP500 / SPX🔍 SPX/USDT Analysis: Daily Timeframe 📉 SELL IT! The SPX chart on a daily timeframe highlights significant upcoming dates where price movements may present trading opportunities. These should be analyzed in conjunction with higher timeframes for a comprehensive market view. • September 3, 2024 - Red Line: This date marks a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn. • December 6, 2024 - Red Line: This date is another potential local peak, signaling a possible moment to exit positions before a downturn. When working with this daily timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).
SP:SPXShort
by trushkovskiy
S&P - Will we follow 2020/2021?The S&P has been trading in a rising pattern for over 700 days, similar to the rising pattern observed in 2020 and 2021. In that instance, the price of the S&P broke below the support trendline and lost all SMA support, while also making a lower low. This has not occurred since the start of the current pattern. Could a deeper correction follow? Blue line = 50-day MA Red line = 100-day MA Yellow line = 200-day MA Analysis of the 2020/2021 Price Action We can conclude the following five points: 1. The rising wedge lasted for nearly 700 days. 2. The price consistently made higher highs and higher lows. 3. The S&P found support on the SMAs and never broke below the 200-day MA. 4. After approximately 700 days, the S&P broke below the rising wedge, lost all key SMA support, and made a lower low. 5. During the retest of the rising wedge and key SMAs (which had turned into resistance), a bearish cross (50-day SMA below the 100-day SMA) occurred, leading to a downtrend. How Does the 2020/2021 Price Action Correlate to 2023/2024? We can conclude the following five points: 1. The rising wedge lasted for approximately 750 days. 2. The price continued making higher highs and higher lows. 3. The S&P found support on the SMAs and never broke below the 200-day SMA. 4. After around 750 days, the S&P broke below the rising wedge, lost all key SMA support, and made a lower low. 5. A bearish cross between the 50-day SMA and the 100-day SMA is currently forming. When we overlay the bar pattern of the 2021 bearish price action onto the current chart, it suggests that a revisit to 4,750 is possible. This level is both a technical support and the point where the S&P started its downtrend in 2021. Conclusion Will the S&P follow the 2021 price action, resulting in a sustained downtrend, or will it reclaim all lost SMA levels and continue its uptrend? The price action suggests that there is a real possibility of weakness in the coming months.
CME_MINI:ES1!
by Youriverse
8
Institutional Demand: SP500 longsHey, Trump’s April 2025 tariffs triggered a global market crash, with the Dow plunging and the Nasdaq entering a bear market. China retaliated, raising recession fears. News warns of rising unemployment, inflation, and a major economic slowdown. So what does this mean for us as traders and investors? Volatility equals opportunity. The S&P 500 is approaching a strong demand zone and trendline. I’m not a fan of trying to catch the exact bottom — just have a consistent plan to scale in, buy once at the zone or do it in chunks. But with prices this low, it’s a great time to consider adding more. Data shows, every major crash has rebounded sooner than expected for the past 100 years. Great opportunities where fear makes people miss it. Kind regards, Max
SP:SPX
by newcapitalfx
Cryptocurrency and Stocks will DecoupleI still remember the AI saying that NVDA was going to 320 "in the near future." This was back in June 2024. No matter when you asked the AI, its only prediction would be up, it couldn't make an analysis based on the data coming from the chart. The program wasn't very intelligent, that's what I concluded. I disagreed. NVDA is going down and this is now fully confirmed. We are seeing a very long distribution phase and the crash is now taking place. Ok, but what about Bitcoin? Bitcoin will decouple from traditional markets, just look at the news. While Cryptocurrency is due a generational bullish wave, the stock market is due a generational retrace. I honestly don't know how the stock market will perform but I can look at individual charts. NVDA is bearish and going down strong. NVDA, TSLA, the SPX, the NDX and Crypto are not the same. These are two completely different monsters. The SPX and NDX is landline. Crypto is free wireless internet for all. The SPX and the NDX is centralization and control. Bitcoin is decentralization, innovation, technology and freedom. Times change. The stock market will recover and it is sure to continue growing long-term. Will the establishment let it crash or will they jump in and pump it up? I don't know. But NVDA is bearish and going down. What one does, the rest follows. But, what about Bitcoin? Bitcoin is going up. It is very simple. They will decouple, they will not move together anymore. Many, many Altcoins are trading at bottom prices, many stocks are trading high up. The giant stocks will crash, while the Cryptocurrency market goes up. This is one more of the reasons why we are about to experience the biggest bull-market in the history of Crypto. People are evolving, the world is changing. We are changing from centralized monopoly money, to a free decentralized technology that is available for all. Money is not the paper, the shiny stone or the codes; money is what we decide to use for the purpose of exchanging value. At one time, salt used to be money as well as cows. Sea shells, glass and cacao are also on the list. People used to use these things as money. The argument that Bitcoin has no value is obviously flawed. If you want to buy a Bitcoin you have to pay a price, that's value, nothing more. If we decide to use something as money, it becomes money. Bitcoin is money for the new generation. The old generation dies out and a new one takes its place. Life will continue to evolve and money will do the same. Now it is Bitcoin, later down the road it will be something else. But Bitcoin has value, it is really expensive and it will continue to grow. After the crash, NVDA will recover for sure. Namaste.
NASDAQ:NVDAShort
by MasterAnanda
5
S&P 500 Daily Chart Analysis For Week of April 4, 2025Technical Analysis and Outlook: During this week's trading session, the Index experienced lower openings, completing the Outer Index Dip at 5403, as highlighted in the previous week's Daily Chart analysis. This development lays a foundation for a potential decline targeting the Outer Index Dip at 5026, with the possibility of further extension to the subsequent target of the next Outer Index Dip, 4893. An upward momentum may materialize at either completed target level, with the primary objective being the Mean Resistance level of 5185.
SP:SPX
by TradeSelecter
S&P 500 (SPX) 1M next week?The S&P 500 is pulling back from a key resistance after completing a bearish AB=CD pattern on the monthly chart. Price action suggests a potential correction toward the 4662–4700 zone, aligning with the 0.618 Fibonacci retracement level, which may serve as a key area for bullish reaccumulation. Momentum indicators show bearish divergence, hinting at a cooling rally. Fundamentally, the index remains supported by strong earnings in tech and AI sectors, but risks persist from elevated interest rates, sticky inflation, and potential Fed policy shifts. A pullback into the 4662–4700 zone may offer a medium-term setup for continuation toward 5198 and potentially 5338. A breakdown below 4662 would invalidate the bullish structure and shift focus to lower Fibonacci levels.
VANTAGE:SP500
by TotoshkaTrades
2
levels to watch It's clear that analysts, the media, and others who seek the spotlight often try to explain why the markets moved in a certain direction. The irony, however, is that these explanations usually come after the market has already moved, making it obvious that they’re just linking the moves to some news event. If you pay close attention, you'll realize that technical tools can provide valuable insights ahead of time, helping you predict how the market will behave and where it’s likely headed. For those who’ve read my past articles, you’ll notice I’ve already highlighted key levels for the Nifty index and the potential targets it could reach. Whether there were tariffs or not, the market was bound to drop. But as I pointed out, the crash is being blamed on the tariffs. As long as the markets remain below the 24,000 level, we can expect them to target 21,800 and possibly even lower in the coming weeks. I had booked profits for some of my stocks around the 21,800 level and re-entered short positions at 23,800.
NSE:NIFTYShort
by Shivkumar600
4
$OBLG #OBLG BUY ALERT FOAT IS LOCKED, $17.6+ then $60+ INCOMING!NASDAQ:OBLG #OBLG NASDAQ:OBLG My name is Landon Wogalter & this is the next NYSE:GME #GME NYSE:GME / NYSE:HKD #HKD NYSE:HKD type move, I am also the reason that NASDAQ:CHSN #CHSN NASDAQ:CHSN went to $44 that I called & locked the float from <1.80 & called for $30+, & even emailed the company in August 24’ stating that their stock would see $30+. Oblong price targets are as follows: 17.6+ , 60+, 150+, 2900 past 404< #FLOAT IS #LOCKED THERE IS NO OTHER SET UPS LIKE THIS ON THE MARKET AND NEVER HAS BEEN. #ZERO #DEBT OBLG wants #parabolic (This is not promotion nor/or financial advice😘) I’m your daddy forever & ever.
NASDAQ:OBLGLong
by BottomedStocks
4
Tariff FUD is reking ports. SPY 505 First Stop. 460 Second.Trading Fam, It's no surprise that Trump's implementation of high tariffs would cause initial FUD. This can be observed in the massive spikes on the $VIX. What is unknown and has caught many traders by surprise, myself included, is how substantial of a drop would be incurred by investor uncertainty. Initially, it did appear that 500 might hold. That was a huge support. I knew if it broke, the sell-off would be deep. But I held hope that the market would hold above this trendline. It did not. So, yesterday and today, investors who held are incurring substantial losses. For those who were smarter than me and sold at or near the top, congratulations! You've saved yourself some duress and cash. Now, some are calling this the beginning of a longer bear market. I still don't see it that way. Honestly (and I know this will be hard to believe), I still see the SPY hitting my target #3 at 670-700 before 2026 comes to an end. Longer-term we still remain in a massive secular bull market since 2009 and to break this long-term trend, the SPY would actually have to break below 300. That is a long way down and I just don't see that happening, though as always, I definitely could be wrong. Shorter-term I am seeing two prominent areas of support. The first has almost been reached at 505. If I would have played this correctly, I'd be DCA'ing in my first load of cash here. The second area of support is at around 460 and slightly rising daily. This would be where I DCA'ed in another load of cash. However, if that broke, I'd exit immediately and reassess the charts. 300 is a long way down, but over the past 5 years we have seen some extraordinary market price action and volatility. TBH, even the best of us technicians are struggling to understand the larger macro-economic picture, but I'd wager to say that tariff fears may be overexaggerated as market reactions often tend to be. One interesting note is that crypto price action no longer seems to correlate and prices have help up surprisingly well. Could this be our first indicator that the markets are due to turn up again in a few weeks/months? Unknown. But I can promise you I'll be watching this all closely. ✌️Stew
AMEX:SPYShort
by stewdamus
PROCTER & GAMBLE: This volatility implies a major market bottom.Procter & Gamble is neutral on both the 1D (RSI = 47.822, MACD = 0.180, ADX = 17.832) and 1W (RSI = 49.820, MACD = 0.340, ADX = 20.781) technical outlooks as despite last week's rebound and this ones early strong rise, it pulled back and is about to close the 1W candle flat. We are exactly on the 1W MA50, which inside the 2 year Channel Up has always been a fair level to go long. The 1W RSI indicates that last week's low may be the symmetric low to December 11th 2023. This kickstarted a rally that hit the 1.5 Fibonacci extension. Consequently we are bullish long term, aiming at just under the new 1.5 Fib (TP = 190.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:PGLong
by InvestingScope
Nintendo Co., Ltd. (NTDOY) – Powering Up for the Next Level Company Snapshot: Nintendo OTC:NTDOY continues to dominate global entertainment with iconic franchises, cross-platform expansion, and the highly anticipated Switch 2 in 2025. Key Catalysts: Switch 2 Launch in 2025 🚀 150M+ Switch units sold → massive installed base Backward compatibility + hardware upgrades could drive a super-cycle in hardware/software sales. Franchise Diversification 💡 Digital Pokémon card game gaining momentum → strong in-app revenue potential The Super Mario Bros. Movie surpassed SEED_TVCODER77_ETHBTCDATA:1B + in global box office 🍿 Expanding theme park partnerships (Universal Studios) enhance recurring brand engagement Multi-Channel Monetization 📱🎢 Transitioning beyond consoles: movies, mobile, merchandise, and theme parks Reinforces IP value and opens new revenue verticals Investment Outlook: ✅ Bullish Above: $15.50–$16.00 🚀 Upside Target: $27.00–$28.00 📈 Growth Drivers: Switch 2 super-cycle, diversified IP monetization, and brand strength 🍄 Nintendo – Not just gaming, but a global entertainment powerhouse. #NTDOY #Switch2 #Nintendo
OTC:NTDOYLong
by Richtv_official
HOLY MOLY! ARE WE IN A RECESSION? $TSLA $120 BEAR FLAG PATTERNA bear flag trading pattern is a technical analysis formation that features a downward-sloping flagpole, followed by a consolidation phase forming a parallel channel. This pattern suggests a potential sharp decline or continuation of the downward trend I also notice a head and shoulders pattern, as well as an inverse cup and handle. Everything points to $120. Sell/Short NASDAQ:TSLA right now with fact check: +brand reputation risk, high competition, loss of EV market leadership, cyber truck/ product recalls, declining sales with lower margin, stock volatility concern, insider selling, investors buy it based on expected future earnings rather than its current profitability. + potential stagflation, tariff war, slow economic growth, inflation, rising public debt, geopolitical tensions, ai bubble, and more
NASDAQ:TSLAShort
by sej4974
3
$SOXL $SOXX BOTTOMED (ASCENDING TRIANGLE)An ascending triangle is a bullish breakout pattern that occurs when the price breaks through the upper horizontal trendline with increasing volume. The upper trendline is horizontal, showing nearly identical highs that create a resistance level. Meanwhile, the lower trendline slopes upward, indicating higher lows as buyers gradually increase their bids. Eventually, buyers become impatient and push the price above the resistance level, triggering further buying and resuming the uptrend. The upper trendline, which previously acted as resistance, then becomes a support level. Semiconductors NASDAQ:SOXX are crucial to the United States for several reasons: Technological Backbone: Semiconductors power essential technologies like smartphones, computers, cars, and medical devices. They are integral to almost everything with an on/off switch. The semiconductor industry aka NASDAQ:SOXX significantly contributes to the U.S. economy. It supports millions of jobs and drives innovation in various sectors, including artificial intelligence, biotechnology, and clean energy. Semiconductors are vital for national security. They are used in military systems, aircraft, weapons, and the electric grid, making them critical for defense and infrastructure. Maintaining a strong semiconductor industry helps the U.S. stay competitive globally so BUY AMEX:SOXL , $SOXX. The CHIPS and Science Act, for example, aims to revitalize the U.S. semiconductor industry, create jobs, and support American innovation. Strengthening the domestic semiconductor supply chain reduces dependency on foreign sources, enhancing the resilience and security of supply chains. BUY NOW AND HOLD
AMEX:SOXLLong
by sej4974
2
S&P 500 - Elliott Wave Bearish BreakdownThis S&P 500 E-mini Futures (ES) daily chart highlights a potential bearish Elliott Wave structure following rejection from a key resistance zone. - The market encountered strong resistance near the 5,600 level, leading to a sharp decline. - A five-wave impulsive bearish structure appears to be forming, with Waves (1) and (2) already completed. - If this pattern continues, Waves (3), (4), and (5) could drive prices lower, targeting key support levels in the coming weeks. Traders should watch for confirmation of Wave (3) acceleration, as it is typically the strongest wave in an impulse. A break below recent lows could confirm further downside, while a strong bounce from lower levels may indicate a correction or trend reversal. Risk management remains crucial, as volatility can increase during corrective and impulsive waves. Keep an eye on macroeconomic factors and technical confluences for additional confirmation.
CME_MINI:ES1!Short
by wdstrades
17