Since last year's Covid crash, S&P500 has seen three retracements. Every single time, the crash started with a Bearish Engulfing Candle, over the next few weeks it made a Double Bottom at 50-61% Fib Golden zone, and surged higher with Bullish Engulfing candle. And NIFTY followed suit. This time around, we have a confluence of Golden zone and previous high...
S& P 500 Support is at 4114. Negative divergence on RSI has been witnessed. MACD has triggerd its average and its falling down. On fall and close below the support expect correction. A retracement of the rise from 3848 to 4215 can be witnessed. Retracement are 4075-4031-3988. Expect retracement to be tested once breakdown below 4114 is witnessed on closing.
SPX looks to reject price on the upper side and are seeing a strong resistance on top. The TDI shows a nice diversion and it seems that we are about to see some correction.
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S&P 500 might see dip up-to 4080 to 4060 from 4185 to 4200 zones Final Target 4600 before mid June 2021 Entry around 4060 to 4080 looks good
S&P 500 Up Trend is being witnessed. Post Breakout above 3954. The implication of breakout above 3954 is 4101 and 4289. The level of 4101 is crossed and the same was shown in our earlier update on S&P 500. A rising channel is now visisble. Near term correction or sideways volatility may emerg if close below 4123. Expect a gradual move towards 4292 with...
THIS IS MY IDEA READY TO SHORT FIRST TARGET 4015 2° TARGET 3960
S&P 500 Higher top and Higher Bottom formation continues Expect rise to 1.618 level of 4135 in near term with volatility. The January 2020 breakout impact is for 4125. The recent top Feb'21 and March 21 breakout impact 4135. Market could witnessed a rise towards the same. Indicator like RSI has yet to rush into overbought and its overbought momentum as...
If and when S&P drops below 100 EMA - 3400 levels will act as a buying zone. Short trade can playout at the trendline break.
SPXUSD perhaps will create a new high then fall back immediately and deeply . face to the historical pressure . I think there are high probabilities to fall back.
seems that bearish has been broken by 1H, but the pressure of 4H's and 1D's are still there , I want to wait the price fall to 1H's 0.618 ,then try to buy . any advice ?
everything mention on chart
Textbook example of a WXY move. Subdivision perfectly hits most likely Fibonacci extension levels which implies the most propable count. Expect a correction at the .618 extension. In which form we will see. Target before larger correction is $4621 USD.