Vladimir Ribakov analyzes the S&P 500 across multiple timeframes and identifies a bearish setup on the 4-hour chart. He points to a bearish divergence on the weekly chart, resistance on the daily, and a false breakout on the 4-hour that could trigger a downtrend if price breaks below a recent swing low.
Chapters
Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video I would like to share with you some interesting analysis and my price prediction forecast on, um, what could be an amazing opportunity, and I'm talking about the S&P 500. So here is what I see on the chart. But right before that, if you are new to this channel, first of all, welcome to our fantastic community. I would like to invite you to subscribe to this channel. Please follow the subscribe button below the video. Just remember to enable the notification so you know when a new video, a new content is available for you. A new trading idea or a new educational video which I publish as well. So make sure you enable this ring notification. And also I would like to invite you to join us in our trading family where you can find all our real-time trading ideas and also real-time trading education explaining every single idea, all the technical part, all the technical analysis behind it, how I use my techniques in real time. And, uh, the link to that is below the video in the description or in the pinned comment in the comment section. Uh, and one more, uh, last thing. If you find this video and such videos helpful, please show your support back. Hit this like button, drop some feedback in the comment section. 20 seconds of your help, it's a huge help to me, to my community, to this channel. So thank you very much in advance for your help. And now let's begin with the chart. So what do we have on the S&P? We are still taking a look on the weekly chart, okay? And I'm using my virtual trading pen, uh, to draw it here. Uh, so what do we have here? A beautiful bearish divergence between all the highs of the rally. We have more than 20 candles right on the upper Bollinger Band without retracing to the downside. The divergence, by the way, it's, uh, here between higher highs on the chart, lower highs on the moving average of the MACD, the histogram, and the RSI as well. Uh, on the daily chart, we have here a beautiful resistance which so far holds and by itself hints of a slowdown. And this is where I see the opportunity on the 4-hour chart. As you can see here, we already have a beautiful false breakout recognized by my false breakout convergence indicator. And at this place, what I want to see is the price going below this low, below the swing low, okay? Breaking below that, making lower lows on the histogram of the MACD as well. You can see this Volume, a lot of volume building up already. So if we manage to break that down and come for a quick retest, quick pullback, and hold— the most important thing, we hold the highs, this and these highs, okay? Then from this zone, I really am expecting to see the next bearish movement begins with a small risk reward. With small— with a small risk, the reward could be huge here if the bears really take the control and if the next corrective leg begins to take place. Fundamentally speaking, we have all the pressure with the inflation. The Fed hints on the situation as well. There is— there are enough reasons at the moment fundamentally to speed up the bearish movement as well. Let's see if that triggers. And let me know, what do you think about, uh, this, uh, S&P and general the markets? And also, by the way, if you missed the weekly forecast where I shared with you 2 great ideas on the Aussie franc and the Euro Kiwi, right now on the right top corner of this video you can find a direct link to watch it, or just find it in my channel. Okay, just go to the videos in my channel and you will see that the last video was published a couple of days ago, I think. So that's it for this video. Let me know, how do you see the S&P and the markets? Drop your comments in the comment section and thank you for your time watching this video. Stay safe, be well. Bye for now.
