spx today breach of 3748 will bring it to 3550-3560correction can ensue if friday low of 3748 broken ... target of this correction would be in 3550 range +- 20 points .
Trade ideas
BullishS&P500 is bullish till the time 3630 is maintained ion daily closing basis. 4040 is the target
Disc : it's not an investment advise to buy or sell
S&P500 : Bearish sequenceAfter the formation of ending diagonal there is sharp & Swift reversal. But the recent recovery is more likely a corrective sequence and therefore the prices should give one more downside move upto the level of 3636 at least which is the previous fourth.
No sign of reversal SPX500USDSPX500USD
Chart shows key support levels
Index is at ATH but there are no indicator giving reversal trigger
As long it stay above green-dot line, short position is not suggested
S & P 500 - Long TermS and p 500 has gone parabolic long term. Retraces to the base of each of the major parabolic base comes in at 2750, 2100, 1500, and 750. Long overdue in a depressionary collapse scenario that will likely play out.
US S&P 500:A CORRECTION COMING??THERE ARE TWO COUNTS SHOWN IN THE CHARTS SHOWING THE PROGRESS OF WAVE C
IN BOTH CASES S&P 500 SHOULD CORRECT WITHOUT BREAKING MUCH ABOVE 3750.
THE BLACK COUNTS ARE FOR A TERMINAL IMPULSE OR AN ENDING DIAGONAL AND
THE RED COUNTS ARE FOR A TRENDING IMPULSE IN WAVE C.
S&P500 : Corrective sequence ABCanalysis mentioned on the chart. Invalidation if it holds above 3600.
Short apportunity in SPX at 3330-40SPX is looking good for short for the intra at current levels, unless more buying volumes are shown in that area, right now its getting squeezed
SPX500 Very slow grind for next 5 years or so for a mere 30-40% Very slow grind for next 5 years or so for a mere 30-40%
Does this suggest BIDEN WINS????? IDK MAN
S&P 500 : Trading at crucial levelS&P500 CMP 3390
1. Taking support at trendline (Pink marked line)
2. A bounce may expected from here (till Blue marked line)
3. If this support gets broken a downfall may be
seen till 3230 (green marked line)
Note : This idea is only for educational purpose.
S&P 500 The price of the S&P 500 is increasing but the Awesome Oscillator is decreasing, this states that a great downfall is coming ahead.
There is proof that a downfall will come because whenever this situation comes, that when the market is rising and the AO is not rising the markets went down brutally.
Please check in the years 2000 and 2008 the same thing happened and the market went down.
The history is going to repeat.
Please be cautious.
