
@marketchartpattern
YouTube
Avg. Quality
78
Success Rate
34.67
Analysis
75
Correct
26
Fail
27
Pending
22
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Correct

SPX
Entry
5,663.9400
2025-05-08
21:41 UTC
Target
5,644.6000
In 17 Hours
Fail
5,720.1000
Risk / Reward
1 : 0
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Final PnL
0.34%
P/L: —
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Body
The analysis begins with the Dow Jones Industrial Cash Index, suggesting a key timing around May 8th, with price action being closely watched. Transitioning to global markets, the analyst notes geopolitical tensions possibly affecting the Indian market, pinpointing the BSE Sensex at a critical 61.8% retracement level. Resistance is expected unless prices convincingly surpass this level. A similar pattern is highlighted for the Hong Kong Hang Seng Index, hovering around its 61.8% retracement. A potential resistance near old highs is observed. A similar pattern is highlighted for the Hong Kong Hang Seng Index, hovering around its 61.8% retracement. A potential resistance near old highs is observed at the German DAX. Moving to US indices, including the NYSE Composite, points to key resistance at the 78.6% retracement. In the bond market, the analyst reports strength in the US dollar and rising yields, noting range-bound conditions.