4200 has confirmed as new base and good support for medium time frame (1h)
after the retest price followed and formed higher high and higher low
currently halting near 4400-4300 zone price seems to consolidate
many of us looking it as flag and pole and will look to buy on trend continous
as a fib retracement there is possible less probablity to gain good risk...
SPX is down 6.07% from Sep whereas Nifty is only down 0.74%. If the coupling still exists and we think of US markets as the mother market - then further pain awaits Indian indices.
There are 2 factors which could play spoilsport
1. Rising oil prices - going to cost dearly as we are a net oil importer
2. Rising dollar index - this will push down the INR much...
simiar to NASDAQ, it too needs ti sustain above 20 september highs to turn Bullish from curent bearish trend !
If one Observe carefully, they will find that despite the counter breaching 20 and 50 EMA levels, in last 3-4 cases, despite there was no NEGATIVE crossover like its seen recently
thats worrisome
Nifty Analysis
Recap from yesterday: “For tomorrow, I wish to maintain the bearish stance with the first target at 19672 and the second but strong target at 19589. Ideally the bears should be able to close the day below 19589 tomorrow and take out the 19310 early next week. One thing to remember is Nifty50 is still not bearish on the daily time frame whereas SPX...
Our NSE:NIFTY & NSE:BANKNIFTY is following the same chart pattern as SP:SPX
A falling wedge plus bearish descending channel with a strong horizontal support
SPX has just broken out from the falling wedge, will it breakout?
And if yes - some of that euphoria will spill onto Nifty50 as well.
after a good week of bullish trend we have CHOC on S&P 500 chart where price making lower highs
expecting a correction about 4525 >> 4510 >> 4500
and 4480 as gap filling level to consider
Hey folks
If you have check out about my bearish wedge educational post about s and p
You have already understood the market situation
now my target region for s and p is 3575$
Follow for more updates
Hello traders, S&P 500 in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the indicators, because the movements of the waves are always upward and its corrections are very short compared to the forward movement that is done, no relation between the waves can be...
All markets globally have been showing a pattern. For example - UKX, DAX, CAC40 - They open gap-down and then consolidate.
What will SPX do? I think it should follow something similar.
In the so-called smooth market, functioning the S&P500 has had 14 gaps in the last 16 trading days. A correction seems quite near. The rise of crypto is also an expression of the societal collapse of trust in the monetary control of central banks and their credibility with the public.
Overstretched MACD , how long can this hold? The broader market is barely moving...
SPX500USD
Chart shows key support levels
Index is at ATH but there are no indicator giving reversal trigger
As long it stay above green-dot line, short position is not suggested
This is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. The detailed description about the indicator is as follows:
I have taken 2 lots of SPX as default trading quantity and one for partial booking after 75 points which can be customized....
The S&P 500 (SPX) is now starting to bounce.
The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today.
We have more details on the chart above.
We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all...
