S&P correction is near it's endCurrently it's looking that the correction which has started in the Nov'21 is going to end soon.
We will wait how the waves unfolds after the completion of this long time correction.
USA500 trade ideas
SPX* S&P500 is in the strong bear grip. As mentioned earlier, fell one sided from 50 WMA to the yellow trend line support, spent 2_3 weeks there with minor bounce & finally breaking down.
* WCB below 3901_10 will open doors for next support zone - 3636_3675. In this case, 3636_3675 will be broken & can expect fresh 52 week low.
* 3480_3510 will be next decent support zone to be watched going forward. That's the importance of 3901_10 WCB
Final Rally before End of Multiyear Bull Market What we are Looking is part of an On-Going Impulse structure of Multi Year Bull Market which witnessed 6+ US Presidents Once this Major Top is Made, we can Expect a Bear Market of 10 + Years in the US Markets
I am posting with sense of Knowledge I have, there will be variation in Movements other than Current Forecast,
One who is Holding in US Stocks can Look to Exit with their own Methods after this rally performs
Good luck
SPX early signs of trend reversal once againSPX buy here and dips up to 3940 with Stop and Reverse sustaining below 3940 to recover loss.
Confirmation sustaining above 4040.
Initial targets 4100-4150 to make position free of cost.
Sustaining above T-2, increase target to 5000. Positional..
SPX This is especially for CNMZ ( a member here who asked me to explain the Last post I posted), and is just a sort of TUTORIAL and Nothing More.
1. The ORANGE LINE represents 1 whole Leg, called the Larger wave.
2. The BLACK LINE represents the sub division into 12345 waves, within the LARGER WAVE.
3. The wave is therefore Complete in Nature
S&P 500 Minor RetacementLooking like it is in formation of ''B' of 'b'. Our earlier target at down side has been achieved well and now we will look for small retracement.
S&P 500 Near Completion S&P is near completion of current down move and one should look for Longs after any reversal signals or may go with Debit Spread.
Perfect bounce - s&p 500Earlier chart posted
Refer to that chart
How beautifully support is acting now after achieving our target
disclaimer :- this is for demonstration and educational purpose only. this is not buying and selling recommendation
SPX last leg of correction started Confirmation sustaining below 4050.
Stop loss 4200 (Sustain).
Target 3887 (Minimum)
Target 364X-340X (Ideal)
Lot of headwinds. SPX #Short The analysis is there in the chart and it is self explanatory!
There is a specific indicator that is giving a high probability of DOWN movement.
Disclaimer: Consult your financial adviser before investing.
Note: I am not a financial adviser.
Conclusion: You are responsible for your own trades!
🥂 Cheers! 🥂
S & P 500Enclosed is the chart of the S&P 500 for your understanding. Trading View does not provide a Candle Stick chart as per the US indice policies. The chart is self explainatory as to where we are headed and the BOTTOM formation as per Me
SPX stock markets USATrend is down below 4027 This is daily chart any strength comes above 4027 If you want to learn and trade my system pl dm me
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.
SPXDay support is lost Trend is down resisted exactly at 4062 Now any upside is above 4062 Lets see whether bulls recapture this #spx #spx500
SPX Triangle breakout possible.SPX looks like an impulse up unfolding from this swing low.
Buy on triangle breakout or preferably after a retest dip..
SL 3721, Target ATH
SPXS&P500 almost came closer to falling trend line resistance & 50 WMA but did not breached it so far. Good support seen at 4160_4233. If sustain above this may re-test 50 WMA again. Or else will fall towards yellow trendline levels 3900_3935
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 $$$$
S&P 500 "Elliot Wave Analysis"S&P 500 "Elliot Wave Analysis"
Elliot Wave : 5 Wave Pattern
Wave 1,3 and 5 Effect direction of market
Wave 2 and 5 are counter move to Wave 1,3 and 5
Wave 2 never strike below Wave 1
Wave 3 is never the shortest
Wave 4 never enter Wave 1
Elliot Wave : Wave Structure
Wave structure takes place in two distinctive phases
The first phase is the Five Wave Structure know as Motive Waves
The second phase is the Three Wave Structure know as Corrective Wave
Motive and Corrective Wave together form the completed wave cycle of Eight Waves
Motive Wave : The below chart of S&P 500 has completed the 5 Wave structure
Corrective Wave : The below chart of S&P 500 has been started to form 3 Wave structure
Based on the wave analysis, we expect the S&P price to fall to $4105.
Happy Trading $$$$
