Forecast and levels for S&P 500 - page 47

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Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2019.08.31 19:07

S&P 500 - ranging to breakout; 3,027 is the key (based on  the article)

S&P 500 Ichimoku chart by Metatrader 5

  • "The Doji Star and Shooting Star Japanese Candlestick patterns are part of a unique group that identifies potential price reversals, support/resistance and can often build into other types of patterns.  Our belief is these setups in the current chart will eventually create an Evening Star formation with a downside price move early next week.  This type of pattern would confirm resistance near the body of the current Doji or Shooting Star candlestick and also confirm our analysis that a price breakdown should continue."

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The charts were made with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2019.09.07 11:10

S&P 500 - daily bullish breakout; 2,985 and 3,026 are the keys for the bullish trend to be continuing (based on the article)

S&P 500 daily Ichimoku chart by Metatrader 5

  • "Bulls appear to be taking control with the index making a topside breach of the 2940-60 resistance zone. The S&P 500 looks to be making a move to test the 3000 level with the RSI providing confirmation of an upside bias having hit a 5-week peak. For now, the focus will be on how the market responds to any modest pullbacks. Initial support is situated at 2968 (76.4% Fibonacci retracement), while the 50DMA resides at 2937. If indeed the index posts a closing break above 3000, this implies a potential move back towards record highs again."

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The charts were made with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2020.03.16 09:02

S&P 500 - bearish breakdown; 2,395 is support level for the bearish trend to be continuing (based on the article)

S&P 500 weekly Breanwashing Ichimoku chart by Metatrader 5

  • "On January 9th, I pointed to cresting weekly and monthly cycles as reasons for a lower S&P 500. The actual high was on February 19th, and the index has dropped more than 20%. I once asked the late Art Merrill which factor was more important in determining the end of a market move…time or price. He responded by stating that price would be the primary factor. In that case, the 1987 crash could have been considered a mini bear market. Because the Fed can simply inject funds into the system without limit, corrective periods can be shorter and bear episodes can end more quickly. Sentiment has reversed from overly optimistic to very bearish in a short period of time. It appears that Thursday’s drop has put in a tradable low."

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Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase: 

All about BrainTrading system for MT5:


Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2020.04.13 16:54

S&P 500 - possible breakout; 2,886 is the key for the bullish reversal to be started(based on the article)

S&P 500 Ichimoku chart by Metatrader 5

  • "On Wall Street, the S&P 500 wrapped up its best week since 1974 as it climbed 12.10%. Granted, the Good Friday holiday shortened the time period. Optimism in financial markets meant the haven-linked US Dollar and similarly-behaving Japanese Yen were under pressure. This is as the growth-oriented Australian Dollar outperformed. Crude oil prices struggled to follow sentiment."

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The charts were made with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Mars Yuan
154
Mars Yuan  

SP500

Today will be the key to verify the validity of SP500's technical indicators. The market is full of short US Stock judgments. 

今天将是验证标普SP500的技术指标有效性的关键。市场充满了做空 美股 的判断。

Sergey Golubev
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117631
Sergey Golubev  

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S&P 500 and DJIA - the third consecutive session of losses

Sergey Golubev, 2020.06.11 17:11

S&P 500 and DJIA - the third consecutive session of losses

Stocks slid, with the S&P 500 and Dow pointing to the third straight session of losses, following the Federal Reserve’s monetary policy decision, in which policymakers highlighted the ongoing economic concerns spurred by the coronavirus pandemic and measures taken to contain it.



Meanwhile, the Labor Department’s weekly report showed another 1.542 million individuals filed new unemployment insurance claims for the week ended June 6, coming down slightly from the prior week’s 1.897 million.


The Federal Open Market Committee’s (FOMC) Summary of Economic Projections indicated the Fed expects a steep 6.5% contraction in real GDP in 2020, with an unemployment rate at 9.3%. However, policymakers expect real GDP to rebound by 5.0% in 2021, with the unemployment rate dropping to 6.5%.

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