S&P making new ATH and well above the previous tops now were will this rally stop or take correction? 5530 to 5600 could be the possible area for bulls to book profit
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S&P has entered the PRZ of a bearish Harmonic ABCD pattern. It gets activated below 5175 and negated above 5210
A reversal from here could form a lower high in the index
SXP500 is currently at a strong resistance zone, I am expecting a strong bearish move. Remember to use pro risk management. Its sniper entry or nothing. Lets Download Success
S&P 500 Index has been rising from the 10 Oct 2022 weekly candle with an low of 3489. The crossing of 3600 confirmed the low on it after it closed at 3761.40 on the 17 Oct 2022 candle. The geometry of market is working at its best with the index nearing the target of 5400 with the recent weekly high at 5327.30 on the last weely candle. We are nearing the...
SP500 hit a all time high of 5284.20 in the first week of April 2024. We saw 3 weeks correction as per Gann rules against the trend. The swing 3 weeks low is at 4930 on week starting 15 Apr 2024 350 odd points down from the high. Level of 5233.50 was important for the index breaking that level we are hit the cluster support zone of 4942.70 and 4906.40. Index needs...
Breakout of 2 year rounding bottom
Pattern tgt is beyond 6000
last couple of weeks are showing some weakness we may get possible retest of levels mentioned and from there it might resume its upward journey
As shown in daily chart of SPX, price made breakdown from three months old upward channel. If it failed to enter again in the channel then selling pressure will increase significantly. There is no good correction of price since last few months. Long unwinding & short selling will push the SPX down. Do or Die condition for the index.
SPX has been up only since crossing previous ATHs.
Q1 just closed and Q2 day 1 is closing below the closest weekly levels.
Don't fade an upcoming price expansion (or 2) in this month.
Immediate key downside support for SPX is the prev ATH, which is 9% under from here.
Invalidation -
SPX daily close at ATHs.
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Hi... Stoxway a award winning Tradingview Channel welcomes you in our long awaiting live analysis of option trades both in index and equity.
Streaming Language - Hindi
Hi... Stoxway a award winning Tradingview Channel welcomes you in our long awaiting live analysis of option trades both in index and equity.
Streaming Language - Hindi
