Get started

S&P 500 E-Mini Futures

S&P500 completed a 0.5 Fib correction. Strong buy opportunity.The S&P500 index (SPX) reached on Friday the 0.5 Fibonacci retracement level, a technical correction that started after the price made a Higher High at the top of the 2-month Channel Up. The 1D MA50 (blue trend-line) has been tested (and held) already on the day of the U.S. elections, so now we are technically still on the new Bullish Leg of the pattern. As you can see, since the April 19 2024 bottom and the start of the even longer Bullish Megaphone pattern, every time a pull-back stopped within the 0.382 - 0.5 Fib range, the index resumed the bullish trend towards the -0.618 Fib extension. The 1D MACD with its Bullish and Bearish Crosses, is also illustrating this symmetry. As a result, we believe that the current pull-back is over and we are now targeting 6210, which is within to potential -0.618 Fib targets. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
6
Weekly Forex Forecast Nov. 18 - 22: SP500, NAS, DOW, GOLDThis is the Weekly Forex Forecast for Nov 18 -22nd. The Big 3 Indexes started to pullback last week from there elections fueled rallies. Patience is required, as we look for confirmations of a market shift from bullish to bearish. Gold also retraced last week, and may may struggle against a surging USD. Patience here will benefit traders, as we wait until the market tips its hand. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!
by RT_Money
nasdaq to 20k?!good evening, --- consider this post somewhat fictional for now, created more for entertainment purposes, but i want you to know that there are some serious data points which i'm going to bring up to build the case that the stock market has found a long term bottom. --- ~our monthly indicator is finally oversold for the first time since 2009 market low and is on the verge of crossing bullish. ~nasdaq is backtesting the monthly ichimoku cloud. ~0.382 cycle wave 4 target hit through a very complex correction . ~the monthly rsi has confirmed a hidden bear. ~the us dollar found a top and is headed down to about 80 bucks over this next year. ~us10y, topped out. ~fed might run out of money if they continue to press the markets. ~fear is at all time high. ~retail short positions are at all time high. ~and i'm buying everything. --- the cycle w5 target on nasdaq sits at $20,000 and we could be in the early stages of beginning that ascension. --- ps. take my words with a total grain of salt, as i could be very much dreaming here. ps2. in my last big nasdaq post, i called the top, but was early by a few months. it also went a bit higher, so if i adjust the target with the current data, we have reached the 4th wave target successfully. ✌
TVC:NDQLong
by notoriousbids
6
Trading Gameplan For Nov 18thPlan for Monday’s Session Supports: • Major: 5886-88, 5864, 5843-46, 5828, 5806, 5796-5802, 5758, 5749, 5730. • Minor: 5892, 5878, 5871, 5855, 5849, 5839, 5819, 5812, 5787, 5782, 5773, 5768. Context and Strategy: Friday’s session was a strong downside trend day (open-to-close selling) with limited support reactions. As we often see, sharp sell-offs like Friday are often followed by their counterpart: the short squeeze and the question of whether we’ll recover a significant portion of the decline shouldn't be asked. While the timing of such events is unpredictable (further downside is always possible), they typically happen when a major resistance level is reclaimed, which I’ll cover here. For now, with bears still holding control, any attempts to buy at support levels carry the high risk of trying to catch a falling knife, which i often talk about how risky those are alone. On a strong trend day like Friday when bears are in control, all supports - by definition of being a trend day to the downside - will fail. They may react, they may produce a quick level to level bounce, but typically they will generally all fail. This will remain true on Monday until we recover some major resistances. A failed breakdown of Friday’s low (5878) could spark a potential short squeeze, but once again, unless a significant resistance level is reclaimed, all longs should be treated with high caution. The next support magnet below Friday’s lows is 5843-46, with 5828 and 5806 as deeper downside levels if selling persists. Patience is key, particularly in a downtrend context like this. Key Levels: 1. Friday’s Low (5878): Critical for both bulls and bears. Watch for a potential flush below this level, ideally down to 5871, followed by a reclaim that could trigger a short squeeze. 2. 5886-88: Heavily traded on Friday and no longer fresh. Safer to wait for a failed breakdown or another deeper level to engage. 3. 5864: A possible bounce zone but still considered high-risk. 4. 5843-46: Strong support below. If selling accelerates, this level offers better odds for a reaction. 5. 5828 & 5806: Major levels for any extended sell. Resistances: • Major: 5907-10, 5945-50, 5961, 5980, 5998-6002, 6009, 6066, 6080-82, 6103, 6131, 6141, 6152. • Minor: 5899, 5917, 5928, 5934, 5935, 5943, 5947, 5957, 5967, 5972, 5975, 5993, 6014, 6019, 6027, 6032, 6038, 6045, 6050, 6058, 6071, 6092. Bull Case: • Bulls need to reclaim 5907-10 to show any meaningful recovery effort. A reclaim here could set up a bounce toward 5948-50 or 5961 for a back-test. • Ideal setup: A dip to 5871 or below early on, forming a failed breakdown of Friday’s low, followed by basing and a push back above 5907-10. This could trigger an easy short squeeze targeting higher major resistances. • Without a reclaim of 5961, any upside remains corrective, and the "short the pop" sentiment is still in charge. Bear Case: • Bears remain in control and will likely defend resistances near 5907-10 or 5948-50 if price retraces. These are logical zones for fresh shorts to initiate. • Continuation selling begins with a breakdown below 5878. Watch for traps, as 80% of breakdowns tend to fail. If there’s no meaningful recovery, selling could extend toward 5843-46 or 5828. • Preferred short entry: A failed bounce near resistance (5948-50 or 5961) or after a structural breakdown below 5878. Summary for Monday: • Expect potential bounce attempts to test breakdown zones like 5907-10 or 5948-50, but any upside remains corrective unless bulls reclaim 5961. • A flush below Friday’s low (5878) may trigger a failed breakdown setup, sparking a short squeeze. • Below 5878, next support magnets are 5864, 5843-46, and 5828 • Exercise caution with longs; focus on reactions at key levels. Shorts remain favorable until resistance zones are reclaimed.
CME_MINI:ES1!
by ESMorg
UltraPro QQQ. Trump-a-rally gives no light for leveraged betsIt's gone 10 days or so, since Mr. Trump has secured a win over his Democrat-rival Kamala Harris in the 2024 U.S. presidential election, as it declared by the Associated Press. Since that, a lot of stocks soared in a meme-style mode, while Bitcoin clears $93,000 and Dogecoin soared amid Trump-fueled crypto rally. The main graph is for UltraPro QQQ NASDAQ:TQQQ and it indicates, that major 82-Dollars resistance for leveraged bets on Tech sector has not been broken yet. 👉 NASDAQ:QQQ is a traditional ETF that tracks the Nasdaq-100 Index, suitable for long-term investors seeking broad exposure to tech-focused stocks. 👉 NASDAQ:TQQQ is a leveraged ETF that aims to deliver triple (3x) the daily returns of the Nasdaq-100 Index, making it only suitable for short-term traders. Since US dollar interest rates are still near multi year highs and Powell says the Fed is in no hurry to cut interest rates.. all of that means Trump-a-rally gives no light for leveraged bets (yet). Potentially everything can be clear in January, 2025 only. GL y'all. Cheers, @Pandorra 😎
NASDAQ:TQQQ
by Pandorra
S&P500: No signs of correcting as long as the 1D MA50 supports.S&P500 is on excellent bullish technicals on the 1D timeframe (RSI = 63.046, MACD = 60.810, ADX = 33.473) as it is capitalizing on the 1D MA50 bounce on the day of the U.S. elections. The long term Channel Up is still in full effect since September 2023 and even though we are close to its top, the uptrend can be extended for as long as the 1D MA50 supports. We have so far 3 corrections inside this Channel Up. The two prior to the current one, rebounded to or very close to the 2.618 Fibonacci extension. Based on that, we are targeting long term this level (TP = 6,400) for as long as the 1D MA50 holds. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
S&P500 Eyeing 6180 on this diverging Channel Up.The S&P500 index (SPX) has been trading within a Channel Up pattern since the July 27 2023 High. More recently it has been following a shorter (dotted) Channel Up since the August 05 2024 Low, which made its most recent Higher Low on the 1D MA50 (blue trend-line) the day before the U.S. elections. The rally that followed since, hit the top of the 1-year Channel Up but the current 2-day red streak may not be a rejection to the new Bearish Leg (red Channels) as the (dotted) diverging Channel Up is on its 2nd Bullish Leg. If it is similar in strength to the September - October one, then we expect to see 6180 short-term. As you can see, every Bullish Leg of the 1 year Channel Up has consisted of two smaller buy highly symmetric Bullish Legs, all of which look very similar with each other (black sequences). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
Weekly Forex Forecast Nov. 11th: BUY S&P500, NASDAQ, & DOW!This is the Weekly Forex Forecast for Nov 11th. The Big 3 Indexes are strong, trading at ATHs. There is no reason to look for anything other than buys this week. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
2
ES/SPX levels and targets Nov7thOn Wednesday, buyers triggered longs at 5902, sending us all the way to our 6013 target right to the tick yesterday. Now investors are taking a breather, holding around 6000 for the last 17 hours. I often mention how the day after trend legs are experienced traders’ least favorite days to trade. Longs are risky do to chasing. Shorts are risky due to being against the trend. And because of these two, the chance for chop is VERY high. Keep this in your head today…and after day after rallies. As of now: Continue holding runners if you have them from yesterday. Expect chop between 6009-5979, with 6000 acting as a mid-pivot point. Levels to watch are 6009-13, and 6035-38 if we push higher. If 5978 breaks, a dip is finally on the table.
CME_MINI:ES1!
by ESMorg
S&P500: Rising Wedge targeting 6,000 short term.S&P500 is bullish on its 1D technical outlook (RSI = 62.812, MACD = 16.490, ADX = 32.155) as it maintains the Rising Wedge pattern that started on August 5th. The critical formation though is on the 1H timeframe and it is the Golden Cross that was just completed. All three Golden Crosses inside the Rising Wedge saw significant gains after they were formed. In fact they posted rallies far greater than the push prior to the Golden Cross, which means that we can currently see a move the will break above the Rising Wedge. Until then though, we have to follow the strict levels that this pattern provides us and on the short term we are targeting the top of the pattern and 2.0 Fibonacci extension (TP = 6,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
S&P500: More Upward Potential!We still ascribe more upward potential to the S&P’s turquoise wave B – up to the resistance at 6088 points. At this level, we expect a transition into the same-colored wave C, which should push the index down into our green Target Zone between 5110 and 4921 points. Within this Zone, the larger wave should find its final low, which should provide potential entry points for long positions. A stop-loss can be set 1% below this Zone for risk management. However, if the index surpasses the 6088 points mark directly, our alternative scenario (probability: 38%) will come into play: it suggests that the wave low is already in place.
CME_MINI:ES1!
by MarketIntel
1
Can you envision S&P500 at 20k? This is why most investors fail!If you follow us through all those years then you know how fond we are of long-term patterns. Especially those of a multi-year perspective that can offer maximum reliability and as close to a flowless projection as it can get. The current chart (1M time-frame) on the S&P500 index (SPX) is no exception and you might be no strangers to it as we've published it on April 10 2024 (see chart below) when the price was still at 5200 (against 5700 now): That was at a time of high market uncertainty after a strong start to the year and as we were entering the bearish seasonality of Summer. This rise however should come as no surprise to those that can read charts and market behavior objectively. As we mentioned at the time, this is a long-term perspective that gives you the picture unfiltered with the facts only. What you see on this chart is S&P's Cycle Analysis on a century wide scale from the rally in 1921 that led to the Great Depression. Since that 'mother of all recessions', the stock market started to create a pattern of clear systemic behaviors. Each time there are fundamentals involved that merely serve as 'reasons/ excuses' to fill out and complete this pattern. ** Great Depression: 1st Bull Cycle ** Following the 1932 Great Depression bottom, the 1st Secular Bull Cycle begun, that lasted for 28.5 years (343 months) rising by +1888%. Then the Secular Bear Cycle started in the form of a Megaphone pattern. Its 1st Low was formed below the 1M MA100 (green trend-line) and the 2nd Low (the Cycle's bottom) was formed below the 1M MA200 (orange trend-line). ** Vietnam War to High Inflation: 2nd Bull Cycle ** The 2nd Secular Bull Cycle lasted for almost 26 years (311 months) and saw +2361% growth. As per our blueprint, the Secular Bear Cycle was initiated once the 1M MA50 (blue trend-line) broke. Again the 1st Low was formed below the 1M MA100 and the 2nd Low below the 1M MA200. ** Post 2008 Housing Crisis: 3rd Bull Cycle ** With regards to the current Cycle, which is what most are interested at naturally, notice how the 1M MA50 has been supporting since late 2011. It emphatically held both on the September 2022 Low (Inflation crisis bottom) and the March 2020 Low (COVID crash bottom). This indicates again that as long as it supports, the Secular Bull Cycle will be extended. Based on the previous Cycle-to-Cycle parameters the model suggests that the current Cycle should be a little than 23 years long (279 months, i.e. 32 month shorter than the previous) and rise by +2834% (+473% higher than the previous). That gives us a rough target for the S&P500 of around 20000 estimated to take place by 2032! ** New updates: Price and Time Fibonacci levels ** What we've added on the current updated analysis relative to the on in April 2024, are the Fibonacci levels both on the x (time) and y (price) axis. As you can see, the S&P is currently exactly on the 0.618 Fib price axis and between the 0.618 - 0.786 Fib time axis. That is a highly symmetric correlation with roughly the year 1992, right at the start of the Dotcom Bubble that led to the 2000 burst and subsequent crisis. The index was again on the 0.618 Fib price axis and within the 0.618 - 0.786 Fib time axis. ** Is A.I. the new Dotcom? ** It was the Internet Mania that accelerated the 1974 - 2000 Bull Cycle to its peak and this time it may be the A.I./ Blockchain/ Crypto etc Mania that may aggressively lead the current (2009 - 2032) Bull Cycle to the next Great Recession. Note that just like the Internet didn't go away because of a mere act of amazing greed (the Dotcom Bubble) but instead served as the backbone of the Age of Information and a new Economy (e-commerce, social media, digital investing etc), the A.I. Bubble that has started fueling the market since 2023 shouldn't be demonized when it pops and in our opinion won't go away but instead serve as the backbone of the next Age of Reality and Commerce (metaverse, augmented reality, robotics, artificial intelligence, electric vehicles etc). It has to be said, that the current Bull Cycle is much more similar to the 1974 - 2000 one than the 1932 - 1965, which understandable as neither banking or trading was that evolved or matured as it got with the financial engineering of the 80s and beyond. ** Conclusion ** In any case and as we are concluding this publications, all the above projections based on this 'Cyclical blueprint' may be speculation theoretically but trends that keep repeating themselves over the decades are not. Technically those patterns filter out all news, fundamentals, geopolitical, macroeconomical noise and give rise to a pure behavioral perspective, the essence of traditional Economics. So based on that model, are you also expecting to see 20000 in 8 years time? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
28