#SPX
When SPX broke out to new all-time highs at the end of 2021 and the beginning of 2022, it left behind support at 4700 – the area of the old highs.
That level is now being broken & I'm assuming Major top done of 2009-2021 Bull Cycle.
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 indicators, the ratio of waves to each other is either too low or too high.
In this wave, wave 1 is formed and wave 2 has modified wave 1 relatively little.
Wave 3 then forms its microwave trend in a...
S&P500 looks extremely bullish. But again volumes are on the average side. If the volume expansion kicks in with the breakout of this flag patter then may witness a huge upmove.
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...
as its unable to break the previous high's and in shorter time frame its making downtrend hence can short now and blue line is sl for first target 4600 and second target would be 4550.
please book profit as per you need safe tradet can go short below box candle close.
S&P 500 1D Chart
Observation 1 - S&P 500 is presently at the lower band of the upward channel formed since April 2020.
Observation 2 – Focused view of the last 2 months shows, S&P 500 is seen taking support at 50% retracement level (Oct 4 Low – Nov 22 High).
Conclusion:
S&P 500 taking support at 50% retracement level on two months chart when it is at the lower...
negative breakdown in spx
the bollinger band shown an overbought territory
and spx h=given a breakdown below the 20 period mid band security areas
is a negative sign technically
S&P too showing massive distribution pattern on monthly log scale.If my analysis is to be true then massive crash is coming . It will wipe out investors money .
bearish divergence followed by a break and retest of downward structure. entry was at retest and i will be riding this down to the previous structure level at 4482 area.
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The S&P index is at a very interesting area currently so we will be waiting to see how price will react from this level. While it is currently at a very strong supply zone which has been rejected off of a couple of times, I can also spot a very clear inverse head and shoulder pattern which is telling us that price wants to push up past this very strong zone. But...
The price action formation on the SPX seems to be indicating that the market in the US could be taking a pause for now. Price had pulled back from all time highs recently, but now is seeing rejection from the 20EMA. If this trend continues we could see price correcting to the longer term trendline and then the 200EMA on the daily chart. A short position can be...
Anticipating a buy after the retest of this zone. I will be taking tp at the zone marked but I expect price to push higher to form a new ATH because from the daily, price hit a strong support and resistance level and then bounced off of starting this new uptrend. I will link the daily chart below.
NB: this is not financial advice. please always do your own analysis.
