The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.
SP:SPX may try to create #wpattern or double bottom on daily / hourly time frames at important support zone of daily time frame, if it breaks below the support level, we can achieve the expected downside targets soon.
SP:SPX is gearing up for 10% free fall, it has followed the levels I mentioned in my last post with accuracy, from today onwards we can expect SPX to start down fall for 10% correction.
The SnP chart is NOT Looking GREAT at this stage, wherein, Price is not able to hold even the minimum Barest requirement of the FIB. I had said sometime Last week that the SnP/DJIA/NIFTY would probably ALLIGN with Each other and Move upwards..... NOT ANYMORE. This will not happen if price stays below the Bare Minimum. Infact...... I am unsure which way Indices MAY...
Hello TP's, lets do this #tp , we are heading towards wave b @0.5 and then we crack it out ...haha....!
SP:SPX short prediction based on support demand zones and support resistence zones on multiple time fream analysis.
S&P 500 index futures has completed a falling wedge on 4H chart. Falling wedge is a reversal signal and indicates lack of strength in the bears. Hence, we may see price correct back to 50MA (red line) and the wedge high of 3739. We will watch for price action as it touches the 50MA. If the price reverses and bears come back at 50MA, bullish bet would be called...
Good time to look at S&P 500 in terms of investing or putting in a SIP Monthly RSI is nearing 40 levels which was similar to 2020 fall If you go back in history, monthly RSI of 40-30 is a great range to put in good money in S&P be it years of Great Depression or 2008 crisis, market rebounded well from RSI 40-30 range mostly. Some ways to invest in S&P...
Lines are drawn . I don't have any opinion on index.
On Weekly Basis: In continuation to last view, S&P 500 continues to fall and may get arrested at 3272 from where it may bounce back to resistance level of 3675. Currently it may retrace back to 3675 and resume down turn upto 3272. It is moving in C Sub wave and D Sub wave may happen any time before E Sub wave resumes. It is under A impulsive wave down of...
The SnP chart has the same MAKE UP as the DJIA and NIFTY....... ONLY Tells Me that atleast these 3 Indices are working in TANDAM. It is ONLY a Question of TIME before the ALLIGNMENT TAKES PLACE between these 3 atleast. Ill see the BANK NIFTY CHART as well later and see if all 4 have the same MAKE UP
I apologize that I haven't been around for a few days as I was Unwell, with Fever and Body aches over the Last week or so. I know a Lot Many of you are Really worried about what is happening....... In as Much as we have broken below our key levels on Nifty...... I do not see any PANIC LIKE SITUATION. I am sending you guys the picture for the SnP and I BET MY...
There are two parallel channel if we consider data from 1942 inside inner channel price may try to test lower channel that could be good chance for going long towards upper elbow of the outer channel
russel near the bottom complete all correction candle confrimation wait
* As said in previous update, WCB below 3901_10 opened doors for next support zone - 3636_3675 and made low 3647. Now below this zone 200 WMA may provide some support for time being for some bounce. Although 3636_3675 will be broken & can expect fresh 52 week low after some bounce or before it. More than 5% cut in index once the importance support of 3901_10 is...
We might see a possibility of SPX500 moving upwards or moving downwards based on a daily structure.
Following Facts have come into my View on the SnP500 chart. Very interesting observations for now, and the EW wave counts are as below. 1. 667 to 3393 = 2726 is the differential in price for wave 1, and all calculations will be based on 2726. 2. wave 2 = 3392 to 2191 = it went below the retracement of 38.2% but was well above 61.8% 3. wave 3= 2191 to 4818 =...