Supergalactic

Supergalactic Updated 

The price has reached a support area at the bottom of the long-term logarithmic channel. If this area will not hold the price I see a possible spike to 5330 level which is 1.618 retracement of March 13 bottom - March 25 top. The price did the same retracement in October 2023. Pay attention that we have 1d positive divergence forming on RSI. We are bottoming, a...

Supergalactic Updated 

Right now the price is under pressure of a strong 1d hidden bearish divergence. I believe that breaking 5700 level is only possible after making a 1d regular bullish divergence. I.e. the price should make a fake 5500 level break.

Supergalactic Updated 

I think DJI will retest the broken channel at 0.5 fib retracement and will be rejected from it. There is also 4h hidden bearish divergence (1d on US30). I expect SPX and NDX to fall simultaneously with DJI.

Supergalactic

I bet this newly-formed channel will be broken into the FOMC and then the price will crash into the end of the week to test the yellow channel. No reversal signals right now. But who knows, maybe tomorrows housing/building data will disappoint the market.

Supergalactic Updated 

Huge buyings took place today, but on bigger timeframes it looks like just a retest of the rising wedge. There are also hidden bear divergences on 1-4 tf on US500, US100 and US30. I guess we will see continuation of the correction to 5730-5650 area next week. The idea will be invalidated if the price returns into the rising wedge (crosses the purple trendline).

Supergalactic

Dow Jones has made 0.786 retracement and reached the bottom of the channel. There is a positive 4h divergence on RSI. I think we will at least see a bounce from here tomorrow.

Supergalactic Updated 

Hidden positive divergence on 1d and 1w + bottom of the channel. Should make a big bounce soon. Valid as long as the price doesn't update January 13-14 low.

Supergalactic Updated 

Thinking of possible scenarios. You can ignore the arrows, just pay attention to the orange channel. It is not confirmed as long as there is only one bottom hit, but its bottom may serve as a support at some point. I'm not calling for a crash, but 10% correction in the near future seems probable to me.

Supergalactic Updated 

The price broke out of the ascending channel. I think it will continue it's downward movement after the channel bottom retest.

Supergalactic Updated 

The price has reached the center of the wide ascending channel and a trendline that served as a bottom of an old channel that was broken during December dump - now it's a resistance. I also see 2h divergences on 2h RSI on US30, but not on DJI yet. I think it will grind the resistance for some time, create more divergence and go for a pullback.

Supergalactic

I think the correction has started. The likely target is 5930-5907.

Supergalactic

Bearish divergence on 15m, 1h. Gonna short it atleast to 5907 - volumes are there. Maybe will go lower to 5880, most likely will only add longs there.

Supergalactic Updated 

I have noticed a hidden bearish divergence on 4h tf - like in August. Should go down soon, but still can go a little bit higher, there are volumes at 6055 (oanda).

Supergalactic Updated 

Looks like S&P is heading towards the top of a big channel that began from October 2023 low. This is an attempt to predict when and where it would happen, which is approximately on November 18 at 6115.

Supergalactic Updated 

1. Hanging man candle on 1D tf 2. Bearish divergence on 1H and 4H tf 3. The price has broken out of the ascending channel and retested it from below So it's gonna fall. My targets are on the chart.

Supergalactic

The price has hit the top of the rising wedge and a trendline that starts from March 2022 top (top of a big orange channel). There is also a solid bear divegence on 4H and even a tiny bear divergence on 1D tf. I expect a pullback from here, but I'm not sure if it will be a reversal or we will see a new ATH soon. Need help of elliotitians, I can't count these damn waves.

Supergalactic

I think it can still go a little bit lower. ________________________________

Supergalactic Updated 

So here is another channel. The July peak made an extension of this channel, and the price didn't arrive to that extended part neither at the top nor at the bottom since then. Even if the price will arrive to that extended part at the top of the channel, it won't reach 6000 before the elections unless it makes a breakout in the upward direction thus making a new...