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Possible targets for Santa Claus Rally: 4060-4250-4400Analysis of the spx 500 index 11/11/22 Today we are here to talk about the SPX 500 index. And so let's see what happened to the index over the past day. What's on the market now: Today the index is trading at 3960. Yesterday, we saw a sharp rise in the index. I thought that such an event was unlikely, but it happened. As I said earlier, if there is such an abnormal event in the market, then the market will go to the level of 3970-4050. Where is the index located at the current moment. The current trading volume, which is present on the market, allows us to think that the level of 3970-4060 will be only a temporary point, then the market will need a small rollback to the level of 3880. Where will the market have a chance to start the Santa Claus rally. What I'm looking forward to today: Today, the market is still likely to move sharply to the level of 4025-4060. After that, I expect the market to stabilize and an attempt to roll back to 3880. Here are my trading recommendations for today. What I recommend If you want to go short: Short positions are possible from the 4060 level, limit your losses. If you want to go long: Long positions are possible on a rollback from the level of 3880. If you are out of the market: Long positions are possible on a rollback from the level of 3880, If you want to open a short position, then it is better to do it from the level of 4060, limit your losses. Also remember to contact me in 2 or 3 days for further trading advice. Subscribe to my channel and you will always be aware of the movement of the S&P 500 index . Press Boost if you agree with the current market situation. Thank you! See you next time! Bye!
SP:SPX
by kvatoo_FX
Capitulation and a Bottom.The indexes are entering a period of traditional seasonal weakness. The headlines will be filled with bearish news and stories of pending economic doom. Pay no attention to the talking heads. IMO The bottom is in and the lows will hold. My favorite headlines are the ones talking about low volume, no capitulation, and the bottom hasn't happened yet. Well, the charts tell a different story. The first chart is a weekly chart of the S&P 500. The bear market sell off was 168 days long and dropped the index by 24%. The first clue that the bottom was in is where the index found support - right around the AVWAP off of the covid plunge. The next clue was the massive volume that took place on the final week of the sell off - everyone was running for the exits. The final clue was the formation of a hammer candle a few weeks later. Lots of market prognosticators are questioning this bottom and claiming that market participants have yet to capitulate. The chart disagrees. Over 50% of the bear market losses happened in the final 9 days of the route. The intra-day YTD low saw volume that was 78% higher then the preceding 52 period average and the highest volume since the fall of 2020. All of the weak hands folded right here. If this isn't capitulation then what is? After the seasonal weakness passes anything sub 4000 on the index will be a distant memory. The AVWAP off of the prior ATH will provide resistance. Once 4220 is cleared and becomes support its going to be off to the races. The media will be filled with skeptics. Around this time you will notice that bad news will no longer move markets. The pundits will pivot and the headlines will be talking about a bottom that is 6 months plus old.
SP:SPXLong
by Breakout_Charts
2
A New Long Opportunity In Energy: $AMLPEveryone knows that $XLE has been out performing for the last two years. If you missed the move here's an opportunity at a new comer to the breakout in energy, $AMLP. This ticker is an ETF that tracks a basket of MLP stocks. It's concentrated at just 17 holdings and its currently boasting a yield of 7.4%. The monthly chart looks a lot like its cohorts in the energy space did just a few months ago. This is a monthly candle chart with no annotations or judgements by me. The 36 Month SMA served as resistance until recently. That resistance was flipped and tested. The flip was successful and former resistance is now confirmed as support. The ETF is now convincedly above is 10 Month EMA for the first time in years. There's also a long term gold cross forming as the two moving averages converge. On the daily chart its fighting some resistance in the $38 to $41 range for sometime now. This looks like a good one for the watch list.
AMEX:AMLPLong
by Breakout_Charts
Big leg down complete? SPX analysis.Hi everyone, I have decided to post my SP:SPX analysis once a week from now on. We have lost 6% in SPX since the beginning of this year. That is the biggest drop in the last 12 month. As we are entering huge demand zone of 4495-4529 , I expect a decent leg up now. Above: 4583 4613 4672 Below: 4529 4495 4437 With total gamma exposure (GEX) in the negative zone, expect big moves today. As always, trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
SP:SPXLong
by AyBe_Invest
The Boeing (BA) Company to $240, $280, $300 and why Boeing (BA) has a Cup and Handle forming on the daily. It is also approaching the bottom of a 1 year and 5 month old Trendline. This Trendline’s lows originated during the COVID-19 March lows. I believe this is the strongest support for BA. This same trendline has acted as support in the past several times. Potential targets drawn for your viewing. Explained in more detail and why $300: Potential targets with this bounce with the bullish Cup and Handle and 1 year 5 month old Trendline Support: $240 (past resistance), $260 (past resistance) and $280 (past resistance. If we break through $280 we could run to $300. $300 is the old support back in a big dip in 2019, could actually as resistance. At 225 purchase price and 300 sell price this poses a 33.3%+ ROI. Fundamentally, vaccines are being released and our expert scientists are figuring things out. TECHNICAL: BA looks incredible on a Technical Level with the Bullish Cup and Handle, and Trendline Support (the bottom of this trend originated in March lows). FUNDAMENTAL: BA is in an incredible spot if you believe these vaccines will have a positive impact on the travel industry. I believe Boeing’s travel outlook will weigh much more over defense concerns (now that we are out of Afghanistan). Long term, it may be a problem, but we are playing the bullish cup and handle and trendline support baby!! Let’s go The Boeing Company! This is in no way shape or form financial advice. This is for educational purposes only. This is also a case study. None of this is financial advice.
NYSE:BALong
by Urmomma
TLT Breaks Out of Descending Wedge to seek new All-Time Highs?Using the same fractal analysis method I used to forecast the BTC dump & dead-cat bounce, I began watching US Treasuries as TLT was set to break out of a descending wedge. Now that it is has, I'm publishing the idea for others to weigh in on. If the pattern plays out we could see new all time highs; which suggests we could be entering another period of recession much like the financial crisis of '08. I do not currently have a position & this is not financial advice. Just sharing observations as they occur. If you wanted to play the pattern, TMF(long) & TMV(short) are leveraged ETFs you can use.
NASDAQ:TLTLong
by jsgiardino
1
$SPY $XLRE $SBAC If You Like REIT's You'll Love This Breakout.As bonds continue to move higher and interest rates lower, $XLRE and $REITS in general have been showing strength. $SBAC Has been on my radar for awhile and the breakout has finally happened. I believe that a position over prior resistance offers a good risk/reward ratio here and I like the stock long to the 0.786 Fib extension which happens to be just about the peak to trough decline level from the resistance to the base. Good Luck.
NASDAQ:SBACLong
by Breakout_Charts