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E-mini S&P 500 Futures (CME) (OANDA EU Clients)

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S&P 500 in E Impulsive Wave (Capitulation)On Weekly Basis: SPX completed D Impulsive wave at 4325 which was also 200 DMA. It is under E Impulsive wave, in other words capitulation of stocks irrespective of any sector. It has broken 50 DMA at 4009 and support of 3998 (an important pivot), confirming the next 5 waves to come within E impulsive wave. This down trend should continue till November to December 2022 with one black swan event to form the final bottom. Currently SPX is not closed. 3272 is a strong support for SPX and any further level below this can be confirmed as the days progress by studying the Wave theory. 2300 level may not be ruled out depending upon the black swan event. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:SPXShort
by AnkurSharda3
S&P 500 "Elliot Wave Analysis"S&P 500 "Elliot Wave Analysis" Elliot Wave : 5 Wave Pattern ✅Wave 1,3 and 5 Effect direction of market ✅Wave 2 and 5 are counter move to Wave 1,3 and 5 ✅Wave 2 never strike below Wave 1 ✅Wave 3 is never the shortest ✅Wave 4 never enter Wave 1 Elliot Wave : Wave Structure ✅Wave structure takes place in two distinctive phases ✅The first phase is the Five Wave Structure know as Motive Waves ✅The second phase is the Three Wave Structure know as Corrective Wave ✅Motive and Corrective Wave together form the completed wave cycle of Eight Waves Motive Wave : The below chart of S&P 500 has completed the 5 Wave structure Corrective Wave : The below chart of S&P 500 has been started to form 3 Wave structure Based on the wave analysis, we expect the S&P price to fall to $4105. Happy Trading $$$$
SP:SPXShort
by TheNewsCrypto
1
S&P 500 "Elliot Wave Analysis"S&P 500 "Elliot Wave Analysis" Elliot Wave : 5 Wave Pattern Wave 1,3 and 5 Effect direction of market Wave 2 and 5 are counter move to Wave 1,3 and 5 Wave 2 never strike below Wave 1 Wave 3 is never the shortest Wave 4 never enter Wave 1 Elliot Wave : Wave Structure Wave structure takes place in two distinctive phases The first phase is the Five Wave Structure know as Motive Waves The second phase is the Three Wave Structure know as Corrective Wave Motive and Corrective Wave together form the completed wave cycle of Eight Waves Motive Wave : The below chart of S&P 500 has completed the 5 Wave structure Corrective Wave : The below chart of S&P 500 has been started to form 3 Wave structure Based on the wave analysis, we expect the S&P price to fall to $4105. Happy Trading $$$$
SP:SPXShort
by TheNewsCrypto
ABC Corrective Phase or D Impulsive Wave Completed ?On Daily Basis: SPX (S&P 500) is currently facing a strong resistance at 4170 and also the retracement of the fall which could be D Impulsive wave. 200 DMA is at 4338, another resistance. Level of 4145 is 50% retracement of C Impulsive wave down and currently it has closed on week at 4145. RSI made a double bottom on weekly basis and turned its trend upwards. SPX is at neutral zone right and there could be a decisive move either side which could be massive. All the major world indices and precious metals have corrected in a similar fashion, and waiting for a decisive move. SPX breached 50 DMA and any sustainable move above 4170 could indicate a trend reversal, we may witness a bubble rally. It is at a crux point and difficult to determine a trend. Any major decisive move upward may prove that ABC correction wave of entire Bull run from COVID low in March 2020 has been completed. Secondly, SPX should fall immediately which should be fast and swift, then we can say that D impulsive wave is over with E impulsive wave in progress for capitulation. Right now view stands neutral. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:SPX
by AnkurSharda3
1