Trade ideas
SNP index CASE studySNP spot cmp 4020
Harmonic study
Time frame :- 120 mins
Bearish shark pattern formation
potential reversal zone at 4058 (pattern maturity)
Reversal confirmation below 4000 levels on closing basis
View valid till index sustain below 4120 levels on closing basis
Down side retracement possible till levels of 3900-3800-3700
Time horizon :- 7-10 trading sessions
Index is at resistance zone as per harmonic study, Bulls need to be cautious.
SnP 500The SnP chart is NOT Looking GREAT at this stage, wherein, Price is not able to hold even the minimum Barest requirement of the FIB. I had said sometime Last week that the SnP/DJIA/NIFTY would probably ALLIGN with Each other and Move upwards..... NOT ANYMORE. This will not happen if price stays below the Bare Minimum. Infact...... I am unsure which way Indices MAY now GO, and MY PERSONEL BIAS has NOW SHIFTED to the DOWNSIDE.
I am a Trader and it matters not to Me which side the Markets GO, But I would advice CAUTION to you all between 15th to 22nd October.
Falling wedge in S&P 500 4H chartS&P 500 index futures has completed a falling wedge on 4H chart. Falling wedge is a reversal signal and indicates lack of strength in the bears. Hence, we may see price correct back to 50MA (red line) and the wedge high of 3739.
We will watch for price action as it touches the 50MA. If the price reverses and bears come back at 50MA, bullish bet would be called off. If not, bulls are strong and 3739 becomes a fair possibility.
S&P 500 Good time to look at S&P 500 in terms of investing or putting in a SIP
Monthly RSI is nearing 40 levels which was similar to 2020 fall
If you go back in history, monthly RSI of 40-30 is a great range to put in good money in S&P be it years of Great Depression or 2008 crisis, market rebounded well from RSI 40-30 range mostly.
Some ways to invest in S&P 500:
1.Mirae Asset S&P 500 Top 50 ETF
2. Motilal Oswal S&P 500 Index Fund Direct Plan Growth
S&P 500 in A Impulsive Wave (Capitulation)On Weekly Basis:
In continuation to last view, S&P 500 continues to fall and may get arrested at 3272 from where it may bounce back to resistance level of 3675. Currently it may retrace back to 3675 and resume down turn upto 3272. It is moving in C Sub wave and D Sub wave may happen any time before E Sub wave resumes. It is under A impulsive wave down of capitulation phase.
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.
SnP 500The SnP chart has the same MAKE UP as the DJIA and NIFTY....... ONLY Tells Me that atleast these 3 Indices are working in TANDAM. It is ONLY a Question of TIME before the ALLIGNMENT TAKES PLACE between these 3 atleast. Ill see the BANK NIFTY CHART as well later and see if all 4 have the same MAKE UP
SnP 500I apologize that I haven't been around for a few days as I was Unwell, with Fever and Body aches over the Last week or so. I know a Lot Many of you are Really worried about what is happening....... In as Much as we have broken below our key levels on Nifty...... I do not see any PANIC LIKE SITUATION.
I am sending you guys the picture for the SnP and I BET MY BOTTOM DOLLAR this will be the BOTTOM.... I will post the other charts tomorrow or day after.






















