Since May last year, S&P500 has tested 50-day 8 times -- all successfully. With investor sentiment elevated, but not forthy, another test likely is around the corner.
Please check idea previously posted on 22nd June.
SPX 500 has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 4226
STOP LOSS :...
SPX 500 has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA, a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 4226
STOP LOSS : 4173
TARGET 1 : 4279
TARGET 2 : 4332
SPX
Negative divergence on RSI
Further rise for upside momentum is above 4260.
For near term to short term,
exit long and sell till 4260 is not crossed.
Trend line support might try to protect the slide.
If sustains below the trend line then expect 4061
base to be tested.
Next best opportunity to invest and start new
long trade is only when RSI hit oversold...
nicely poised at trendline support but if breaks on a closing basis we might see 3980 in quick time.
any monthly closing below 3980 will confirm the reversal, till then you can hold your bullish view.
we saw good selling this week with good volume.
if it breaks the trendline on closing basic will enter the cloud and might take support around 3980 if it manages to close below that level in monthly candle we might consider it as a reversal point.
In the so-called smooth market, functioning the S&P500 has had 14 gaps in the last 16 trading days. A correction seems quite near. The rise of crypto is also an expression of the societal collapse of trust in the monetary control of central banks and their credibility with the public.
Overstretched MACD , how long can this hold? The broader market is barely moving...
Hello guys i had find this setup in 1h timeframe which is on double top and broken structure we will wait for channel breakout and retest and will open position and will put our sl at swing high with target near trendline and plzz before opening any position do your won analysis if you like my analysis do like share and follow thank you
Hello guys i had find s&p500 trade which formed double top in 1h timeframe and also breaking this channel we can get good opportunity when it break the trendline thank you if you like my analysis plzz like share and comment and do follow for more
