S&P tomorrow views-
Expected to be in wave 3 formation and expecting a small decline before S&P resumes to rally further high to complete wave 3. Overall expect S&P to trade higher.
Anticipating Wave 4 formation in the near term, followed by a rally in Wave 5 to conclude the entire impulsive wave. Subsequently, a decline is expected in SPX.
EIGHTCAP:SPX500 -- Stage of exaushation now ready to give down move till bullish order block , Expecting US markets open gap down , lets see market action.
This year, SPX is up 8.84% compared to Nifty50 up 4%. Nifty50 is plotted in USD currency so that the comparison makes more sense.
If you also look at the price actions, both the charts are showing good correlation. It will be interesting to find out how Nifty50 will close the 4.84% gap.
USDINR is up 0.59% year to date.
This chart of the SnP has been posted by Me in the past with the levels of the Cup and Handle formation. I have recently been studying the data for the US markets of the Last 72 years and what it shows is this.
1. In the Last 72 years............. The market dropped 34 times. Of this 34 times, on 12 occasions it went to below 20% calling it a BEAR MARKET...
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...
I have my ways of going about markets and I just dont follow what others do. I am NOT convinced that the World Markets are Crashing yet....... NOT YET. No amount of MACDs/RSIs or other eye catching indicators can convince me yet about a Crash..... Give or Take a few points here and there i have given you all what I see and understand Best
Hi everyone welcome to tradingview award winning channel stoxway, learn what works in real market, learn how to trade option properly.
Stream Language - Hindi
As on the Dow............ so on the S&P. Not a Single Analyst or a Television Commentator is Bullish on the USA markets...... I am sticking my NECK OUT AGAIN ....... Behold the GOOD TIME COMMETH................. 2023 dec to 2026 dec.... Could even happen earlier and then a MASSIVE CRASH
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...
Hi this is Stoxway and welcome to our award winning tradingview channel, today we"ll discuss how to grow through trading Swing , Positional and Option Trading, Never fails Strategies.
Stream Language -Hindi
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
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
To Me the SNP 5oo doesnt have much downside to go. From 4210 odd to 4290..... it will probably make another small LOW..... and that too coz the Dow needs to make another Low before everything bottoms out. September being over as a Historical down month...... I am betting my BOTTOM DOLLAR that by December end Markets will be Much Higher than before. Do not be...
