Trade ideas
Do or Die condition for SPXAs shown in daily chart of SPX, price made breakdown from three months old upward channel. If it failed to enter again in the channel then selling pressure will increase significantly. There is no good correction of price since last few months. Long unwinding & short selling will push the SPX down. Do or Die condition for the index.
Markets set up for downside volatility
SPX has been up only since crossing previous ATHs.
Q1 just closed and Q2 day 1 is closing below the closest weekly levels.
Don't fade an upcoming price expansion (or 2) in this month.
Immediate key downside support for SPX is the prev ATH, which is 9% under from here.
Invalidation -
SPX daily close at ATHs.
S&P 500 HOURLY GANN LEVELS CHART 26 FEB 2024S&P 500 run to upside continues with the High of 5111.06 on Friday 23 feb 2024 at 19:30 IST. Hourly buy triggered above 4744.35 with a decent rise thereafter. Oure level to watch is 5119.79 on the upside. Above it nearby targets of 5307.51 on the upside. The level on downside to watch is 5052.21. Time to watch is 28 Feb 2024 00:30 IST.
Happy Trading !!!
S&P 500 HOURLY GANN LEVELS CHART 16 FEB 2024S&P 500 is the most advanced and most trade market and also most matured market to analyse and trade. You need the qualities of a seasoned campaigner to tame the beast. Here is where Gann Trading Systems can help you a lot to understand it.
Look at the chart above. We got a double bottom on hourly charts at 4819.09 on 05 Feb 2024 at 20:30 IST. Another bottom at 4920.31 on 13 feb 2024 at 1:30 IST. We were supported at the important Gann Level before that. Magic Figure was 5050 on it. Above this we have cluster resistance at 5083.26 and 5091.90. Below we have cluster support at 5010.43 and 4090.69 respectively. It would be interesting to watch if it crosses above 5125 till 5180 on the upside.
Happy Trading !!!
S&P 500 INDEX HOURLY GANN LEVELS CHART 12 FEB 2024S&P 500 has made a new All Time High at 5030.06 at 00:30 IST on 10 Feb 2024. Short term buy came it at 4928.97 Gann level at 20:30 IST on 05 Feb 2024.
Level to watch on upside for resistance is 5052.40 at 50% levels seen on chart. 5026.50 is square nine level to watch with resitance as per it at 5046.75/5055.87. Staying above 5010.45 is must for momentum.
Happy Trading !!!
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SnP 500I had posted this chart of the SnP some 5-6 months ago I think. Many who read my posts here would remember . If any of you think we are Going to crack ?????????????? NO.... we are not. Watch 5042 apprxxx for now. A PULLBACK OF 7-8% SEEMS TO ME TO BE HAPPENING ANYTIME NOW. FROM 5042 - 5078 .... A PULLBACK UPTO 4676 APPRXX EXPECTED.






















