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WEEKLY FOREX FORECAST SEPT 7-11th: SP500, NASDAQ, DOW JONESThe 3 Indices are in position to move higher. I am looking for long setups only, as my bias is bullish. My targets are the PWHs, and potentially ATHs. My bias changes with a break below the Weekly FVGs. 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
ES Trading Plan for CPI Day Oct 11thSupports: • Major: 5822-24, 5805, 5795, 5747-51, 5730, 5711, 5703, 5691, 5675, 5665, 5646 • Minor: 5828, 5815, 5810, 5790, 5780, 5773, 5764, 5757, 5740, 5725, 5715, 5686, 5682, 5672, 5657 What I’m Watching: •Tomorrow is CPI day. We’ve seen a massive rally from Thursday’s lows, breaking out of a two-week bull flag. However, as I’ve said, this isn’t the ideal time to trade. • Post-rally setups are scarce. Long entries are risky because we’ve already had 15+ tests/failed breakdowns of support, and now we’ve moved significantly higher. If you didn’t enter early, it’s not a great time to force trades. Shorts are also risky as we’re still in a bull market and at all-time highs (ATHs). • To make matters more complicated, tomorrow is CPI day, which is historically volatile, trappy, and unpredictable. For great traders, capital preservation is always key, so many avoid trading right after CPI releases. My focus tomorrow is protecting profits, and any trade will risk only 20% of my recent gains. • CPI days often see massive moves (70+ points either way), so keep expectations flexible. The primary task for buyers will be to defend today’s bull flag breakout at 5795. If we get a CPI flush, buyers will want to defend 5795 or reclaim it quickly. Be cautious, especially below 5795. Many levels below have been heavily tested, so if 5795 breaks, we could see a rapid move lower. • If we test 5795 and reclaim 5805, or if we flush 5790 and recover 5795, those could present long entries, especially if accompanied by volume confirmation. Be patient with entries tomorrow, and remember that breakdowns are often traps. Resistances: • Major: 5847, 5862, 5881, 5890, 5897, 5923, 5950-55, 5970 • Minor: 5840, 5852, 5855, 5869, 5876, 5904, 5908, 5917, 5932, 5936, 5941, 5965 • As a rule, I don’t counter-trend short ES in a bull market. I haven’t taken a short loss in nearly 2 years because I don’t fight ES in uptrends. However, for those interested in counter-trend shorting, 5881 and 5897 are levels where you might find some resistance. Buyer’s Case for Tomorrow: • Straightforward: We’ve broken out of a bull flag at 5795, and tomorrow buyers will need to defend it. If CPI causes a flush, we don’t want to see any significant move below 5795, or if it does break, buyers need to reclaim it quickly. As long as this zone holds, we remain in an active bull flag breakout, and the target becomes 5862, 5881, and 5890-97. Clearing that range opens the path to 5950-55 and potentially 6000. • I wouldn’t recommend adding longs after a 100+ point rally on a CPI day, but in a normal scenario, flagging below today’s highs or above 5822 would be considered bullish. Watch for volume to confirm these entries if so. Seller’s Case for Tomorrow: • Sellers’ case begins with a failure of 5795. After such a significant rally, a correction wouldn’t necessarily be bearish in the big picture, just a healthy pullback. However, for short-term trades, losing 5795 is critical. • Breakdown trades require a specific setup. I need to see a test or a failed breakdown first, which helps remove demand from the level. Once this happens, I’ll look to enter slightly below the structure. For example, a test of 5795 or 5805, followed by a failed breakdown, would be the signal to short, likely triggering around 5792. On CPI days, though, this pattern might not materialize and the market could simply flush without providing the structure. Summary for Tomorrow: • It’s been a great run, so I’m shifting to profit protection until CPI passes. Anything can happen tomorrow, but I lean toward following the trend and trading based on what’s in front of me. We’ve broken out of a bull flag at 5795, and as long as that holds, targets include 5863, 5881, and 5890-97. If 5795 fails, it means today’s breakout has failed, and sellers could take control. Follow for updates every morning at 8:15 Eastern on TradingView
CME_MINI:ES1!
by ESMorg
S&P500 Consolidation almost over. Prepare for 6300 end of year.The S&P500 index (SPX) has been consolidating for roughly the past 3 weeks, significantly above its 1D MA50 (blue trend-line), which indicates that the long-term trend is not in danger. In fact, we believe that it has already entered a Channel Up structure, similar to November 2023 - March 2024. As you can see, in late November 2023 the index was also consolidating way above its 1D MA50 after a strong recovery from a -10.90% correction. This time the consolidation is exactly at the top of the previous High while then it was exactly below it. The 1D CCI sequences between the two fractals show that we are on the exact same position, posting bearish divergencies on the price's consolidation. As a result, we expect a smooth Channel Up expansion towards the end of the year (quick exception the natural volatility around the U.S. elections day) and our Target is 6300, which is the 2.0 Fibonacci extension level. ------------------------------------------------------------------------------- ** 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
7
S&P500: Identical so far with 2018/20. October rally possible.S&P500 just turned bullish on its 1D technical outlook (RSI = 57.810, MACD = 53.820, ADX = 46.107) and that should give a new boost to the already bullish 1W timeframe (RSI = 63.805, MACD = 167.870, ADX = 40.687), which showcases the long term trend. And that long term price action can't be shown more effectively than on the 1W timeframe. We have spotted that the index is repeating the 2018-2020 trend. Starting with a Channel Down under the 1D MA50, the index recovered massively and when it slowed down on a Channel Up, the 1W RSI turned ranged. We are now where the past fractal started rising aggressively again on the October 21st 2019 1W MACD Bullish Cross, as last week it completed a new such Cross. With the support of the 1W MA50, it is more likely now to see a strong rally to the 2.5 Fibonacci extension, where the 2020 fractal abruptly stopped with the COVID market meltdown, which is an event that can't be put into chart analysis. This pattern shows that we have a clear target for early 2025 on the 2.5 Fib (TP = 6,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
ES/SPX Plan For Oct 7thPlan for Monday: Supports: • 5796, 5783 (major), 5773-76 (major), 5764, 5758, 5751, 5745-40 (major), 5734, 5729, 5725, 5721 (major), 5716, 5711 (major), 5702-04 (major), 5697, 5694 (major), 5686, 5680, 5672 (major). What I’m Watching: • We had a big squeeze into the close, so now is not the best time to trade. After strong moves, both longs and shorts carry risks: chasing longs is risky under resistance, and shorts are against the trend, increasing the chance of consolidation. Sit back and let setups unfold. • I typically wait for a volatility spike (like a dip) before new setups appear. With the close at 5805, there’s no immediate appeal in new trades. The first major support on Monday is 5783. I’m hesitant to buy first supports on Mondays due to the “Monday morning hangover effect,” especially after a strong Friday close, as ES often gives back gains on Monday. I’ll look for a reaction first. If intense selling occurs, I’ll wait for a flush and recovery above 5783 to long. • The 5805 to 5740 range is a consolidation zone (flag). This could extend for days, so don’t be surprised if we retrace to bottom support Monday. If we lose 5783, we’ll likely work down the range. I’m not interested in bidding at 5764, but if there’s a flush to 5758 followed by a reclaim, I’d consider it. Below that, the 5740-45 zone could come back into play. A flush to 5740 early Monday could offer a final bid, but I’d prefer a test of that zone and a recovery of the session low at 5751 first. If 5740 breaks, I’d flip short as longs below become risky. Resistances: • 5805 (major), 5814 (major), 5821, 5828, 5839 (major), 5841, 5850 (major), 5860 (major), 5866, 5877 (major), 5881, 5885 (major), 5894, 5908 (major). • As usual, I don’t short strength in ES. Maintaining a high win rate means avoiding setups with lower probabilities, aka fighting an uptrend. For those who do, 5805 would normally be a short spot, but it was just tested into the close, so be cautious. Above here, 5814 is another potential resistance, but if cleared, it’s clear blue skies to 5850 for buyers. Buyer’s Case for Monday: • The buyer’s case sees this flag breaking out. The broader structure is from 5805 to 5721, but a more actionable range is 5740-5805. If it holds, ES could break out to 5814, 5828, and eventually 5839+. The ultra-buyer’s case for Monday would see ES hold 5782 (perhaps undercut, but hold), ping-pong between 5782 and 5805, and attempt a direct breakout. Watch 5783 closely Monday. Seller’s Case for Monday: • The seller’s case begins with a break below 5740. Breakdown trades are tricky and often trap traders (80% of breakdowns fail). If you can’t tolerate these odds, it’s better to avoid them. I’d look for a test of 5740-45, which plays out for buyers before considering a short—likely around 5737 or lower. A failure at 5783 could also trigger shorts, but this is a more advanced trade. Ideally, we’d see a test of 5783 or a failed breakdown. After longs bounce, I’d short below that structure, probably near 5771. Summary for Monday: • The new consolidation range is 5805 to 5740-45. This could develop in various ways, but my lean is toward further filling out, meaning a pullback to start Monday, potentially to 5783. If buyers are motivated, that could be the lows, but if we lose 5783, a test of 5740-45 is likely. A breakout of the range targets new all-time highs. If 5740 fails, look for short opportunities.
CME_MINI:ES1!
by ESMorg
ES Levels and targets Oct. 3rdThis week has pretty much revolved around one key level in ES: 5740, which has trapped shorts multiple times now. Yesterday, we saw a huge failed breakdown there. Targets were 5754 (hit), 5763 (hit), and 5773 (hit). We just had another failed breakdown at 7 AM this morning, pushing us up right back to the first target 5754 again and here now As of now: No change—as long as buyers keep 5740-42 holding on dips, 5763, 5773, and 5780+ are still in play. If 5740 fails, 5729-27 and 5712 next down
CME_MINI:ES1!
by ESMorg
S&P500 Fractal from 2019 points to a 6100 rally.The S&P500 (SPX) is absorbing all the negative news on the recent geopolitical unrest in the Middle East and could post its first red week after a streak of three green 1W candles. This shouldn't however make us lose our long-term perspective and a fractal from 2018 - 2020 comes to remind us why. As you can see, the 1W RSI sequence from July 24 2023 until now, is quite similar to the one from October 01 2018 - September 30 2019. The price actions between the two fractals are also similar. Both started with a bottom on (or near) the 1W MA200 (orange trend-line) and transitioned into a Bullish Megaphone. After the September 30 2019 Low, the index resumed the uptrend within a (green) Channel Up, which extended higher up until the COVID crash, which is of course a 1-in-100 year Black Swan event that couldn't have been predicted. If it weren't for that, the market would have at best tested the 1W MA50 (blue trend-line) for new buyers and then extended the bullish trend like it did after June 2020. In any case, we expect a similar behavior with a bullish continuation of +25.50% from the last Low (-3% lower like the 2019 rise was from its previous Bullish Leg). This gives us an end-of-year Target around 6100. ------------------------------------------------------------------------------- ** 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
S&P500 Consolidation before the next leg to 6000.The S&P500 index / US500 may have pulled back a little today but on the long term pattern, which is a Rising Megaphone, it only shows that it turned sideways. This ranged trading, is the consolidation that the previous leg up did after rebounding on the 0.618 Fib and the 1day MA50. The index is possibly repeating this pattern so what's next is a rally to the 1.618 Fib extension. Buy and target 6000. Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
S&P500: Upward Potential!We still give the S&P more room and time to complete its turquoise wave B, which should primarily peak below the resistance at 5946 points. If the index breaches this level, we will have to assume that the larger green wave alt.(4) has already bottomed out. We consider this alternative scenario 38% likely. However, we primarily expect the S&P to fall into our green Target Zone (coordinates: 5110 – 4921 points) after reaching the upcoming top of wave B. This range is where the regular green wave (4) should be completed. Thereafter, we expect the upward movement to continue, with wave (5) finally breaking above 5946 points.
CME_MINI:ES1!
by MarketIntel
S&P500: Bullish until the end of the year.Excellent bullish technicals on its 1D outlook for the S&P500 (RSI = 64.960, MACD = 69.000, ADX = 26.170), despite turning mostly sideways in the past trading days. However, having reached the HH trendline, we can see from the past two similar patterns that a consolidation is normal and as long as the 1D MA50 holds, the index is more likely to continue the uptrend. We are expecting a similar +15.00% rise (TP = 6,200) to close the year 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