$SPY run it back turbo $405 target?Everyone turned bearish yesterday when the market fell 1.5% and are calling for new lows, however, I think the most likely scenario from here is that we push back up to $405 first before the real bear move begins.
After tagging $405, then I think the setup will favor the bears, and think we can fall back to the $370-380 range over the coming weeks.
I expect this move higher to play out by the end of next week.
Let's see what happens.
Sandp500
Jan 15,23-S n P 500-Will it hit 4100So it's earnings season and it's not supposed to be showing too well, however, the S n P is showing signs of strength from last week and his risen tonight to over 4000 again.
Hard to say but will some disappointing earnings numbers tank the 500 or will it keep going up to 4100 or 4200 before it drops back down to the 3800 area again.
Something to watch anyway...maybe put in a Sell Order at 4100.
Thoughts anyone?
Heiko
S&P500 - 1 Day Chart - Short Price Target of $2,880S&P500 1 Day Chart:
Short Price Target
V Calculation Negative
V = B - (C-B) = D
C $4,102 - B $3,491 = $611
B $3,491 - (C-B) $611 = $2,880 Price Target
Ichimoku Timespan:
A to B = 41-Bars (42-1)
B to C = 34-Bars (33+1)
C to D = 75-Bars (76-1) (41+34=75) Wednesday 22nd March 2023
Notes:
The Ichimoku Conversion Line (Tenkan Sen) looks like it is about to cross back under the Ichimoku Base Line (Kijun Sen) on this 1 day timeframe.
The Ichimoku Lagging Span (Chikou Span) looks like it is about to drop under the price from 26 Periods ago.
Note that the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) support is very thin where the S&P500 Price is located at the moment.
We have a Double Top at the 50% Fib Level $4,102 which is located around C of our Ichimoku V Calculation.
The S&P500 Price is under its Bollinger Bands Basis 20 Period SMA and we have expansion of the Upper and Lower Bands and this is for negative momentum.
The S&P500 Price is also under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
Looking at the Moving Average Convergence Divergence (MACD) indicator, Momentum is downwards and we can see that the MACD Line is still under its Signal Line and is getting very close to the 0.0 Base Line.
From my opinion, analysing all the above indicators it's looking very likely that we will see the Price Target of $2,880. This will also be fully confirmed when/if the Leading Span A (Senkou Span A) crosses back under the Leading Span B (Senkou Span B) creating a Kumo Twist into a Bearish Red Cloud on this 1 day timeframe.
I hope this is helpful.
SPX hide you kids, hide yo wife?Is this the beginning of a bigger move down? or a dip?
Rejected off of the Larger downward trendline.
Broke down out of the upward trendline.
Broke the proposed wave 4.
At an important level here to keep an eye on. It as flipped back and forth from support to resistance, then willy wonka'd and reversed it from resistance to support.
SO watching 3910 area to see if it holds again. A break under will be watching for a corrective retest, throwback...Wave dependent.
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S&P 500 Chart Analysis....
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SAND/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
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⚡️⚡️ SAND/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Cross (3.0X)
Entry Orders:
1) 0.8519 - 100.0%
Take-Profit Orders:
1) 0.8792 - 60.0%
2) 0.9017 - 30.0%
3) 0.9353 - 10.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
AAPL - Short PositionWhen looking at AAPL current underlying value and most recent price behaviour when using a 2-hour range, investors can see a shooting star bar formation. Underlying price movements of AAPL witnessed a loss of its initial gains in this instance, the shooting star formation shows a bareish correction after a failed attempt to keep underlying stock prices higher.
When observing 50 and 100 day ranged EMA averages investors can see that on the 29/08/22 – 30/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling 5%.
This was after bullish rallies that were witnessed since July. On 06/07/22 shorter 50-day EMA moving average crossed above longer 100-day EMA moving average. This fresh bullish crossover was followed by a rally that saw the underlying share value to increase over 20%. Currently EMA moving average lines are not moving back towards one another, instead they are moving parallel in a different trajectory. This was after the rejection of bullish momentum. Therefore, the down trend is more likely to strengthen before corrections occur.
Based on EMA moving averages and candlestick patterns and behaviour we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
SPY in Clear Downtrend - Where are we headed next??Ever since the S&P 500 topped at the end of 2021 we have been in a clear bearish down trend.
Here we're looking at the weekly chart. Drawing fibonacci lines we can see the area's of previous support tell us to keep an eye on these levels:
345
320
300
275
We can also see that the RSI is oversold on weekly so we can potentially see a little rally.
Macro trends are not looking great with inflation hanging around, Russia vs Ukraine tensions, etc
Happy trading!
Decisional BlockingToday is very choppy day, but you can't look at the market for the same scenario everyday, but rather build a context around.
The world is returning back to its wage driven motivation.
It's a lot of bubble economies now that are web based, and have no real utility in the physical plane and I believe that price's true nature is to level
the playing fields on both sides of the ticker, but directed by the true intentions of parties who have dominating interests.
And this is okay.
It's only Tuesday.
Amazon Short PositionCurrently priced at $135 Tesla’s underlying stock price sits between its weekly PP 0.236 and PP 0.382 Fibonacci resistance pivots . Currently priced just below weaker PP 0.382 resistance level the stock is trading above its central PP level. This is a bareish signal. Investors should expect a correction towards its support. Furthermore, Tesla’s underlying price sits outside the 20-day ranged Bollinger’s upper bound. This is also a bareish signal, investors should expect a correction towards it’s lower bound.
Based on these signals it’s reasonable to assume a bareish correction towards the Fibonacci’s support. We anticipate Tesla’s underlying price to reach it’s 0.382, R1 resistance pivot before bareish corrections occur. Based on buy trends since the start of the year represented by the green candles, Tesla’s underlying stock price has pretty much reached the top of a buying trend and investors are about to witness bareish corrections. I have presented this using swing low and high prices since the start of the year.
Therefore, we have set a purchase price between the PP 0.236 and PP 0.382 resistance level . We anticipate based on buying trends that the green candles will reach a price of at least $137. The team have set a target price in line with the Fibonacci’s middle support pivot of PP 0.706. The buyer should sell around $101.
SANDBOX : Day trade (LONG)SANDBOX: Day trade (LONG)
Some trends show some increased trends coming time for SAND
Its very hard to find the right coins in a moment where most coins don't move really, and same time we are in a time where the take profits are faster than before. but trends change with time
If there is real breakout trends or high increase, for 90% we will find them with our trading algorithmic including volume study
We use 10% of work depending on algorithmic the rest studies.
When we add coins it means not it will increase: but the coins that we add have the most chance at that moment to change or in the short term.
S&P: THE KISS OF DEATH MOVE.Hello traders, welcome to this S&P 500 update. This is my first time analyzing the S&P 500 and I hope it will be helpful.
To analyze this chart, I am using the 21 monthly moving average and the kiss of death pattern.
The S&P 500 is on its way to making a bearish move and it got stronger after the price got rejected below the 21 MA. The actual confirmation came into the picture when the S&P 500 bounce back after the breakdown and got rejected for the second time, this is where the 'kiss of death' pattern took place.
I am not blindly shooting arrows here. In the past, we have seen a similar move happening and that led the S&P 500 to drop around -44% to -53%. Considering the current scenario, if the S&P 500 happens to drop down then we can expect a drop around -50% at 2140 where we have good support.
As we all know that S&P 500 is known to be the best overall measurement of American stock market performance and if this goes down, we know where the market is heading.
That's it from my end. Please do share your thoughts and ideas on S&P 500 in the comments section. I will be honored to know more about it from your end.
Thank you and trade safely.
$SPX June bottom test. Up now or 40pts lower to weekly 200ma.Many people are wondering when the bottom will be in. Twitter pundits offer various reasons for a short-term rally. While those reasons may be logical and tradeable under normal circumstances, the market has yet to give us any confidence that a near-term bottom is in.
Interestingly (or alarmingly) SPX made a bullish reversal open today, only to form a bearish engulfing candle. Though remember, outside candles only trigger more selling if the low is broken, so that remains to be seem tomorrow. This chart presents a unique view of SPX using Heikin Ashi candles. White arrows mark turning points that correspond with RSI(14) dipping below 30. In the bottom pane I have included MMTH, a market breadth indicator. If you look back further on a weekly chart, MMTH normally is reliable for a turning point in markets.
While I would like to give weight to the bullish reversal today and think that markets will rally again in the next few days, I am using extra caution in my trade planning. Unfortunately, it seems this time around is not the "normal" that most traders are used to. Do not become biased by posts about historical matches and repeat patterns.
S&P 500 to test $350 by Oct based on 200 week SMAHere is a look at the 20 and 200 WEEK moving average on the IVV ticker. Note how the S&P has reliably tested the 200 week MA during strong corrections over the last 12 years or so. Rarely does the price go much below. It also seems reasonable to me that we both get a retest of the June low and a more significant test of the Feb 2020 high.
If we see this, then this is where I personally would start to get a lot more serious about going long. I am more of a "dollar cost averager" and have been moving some money into the market since May. I also think (given the current state of the economy) the $340-$360 price range should be a good place to build support (like 2015-2016 correction). Things are not looking as great from a liquidity standpoint with rates going up and the pull back on QE. Time will tell how much this will factor in. However, the job market is actually doing good, and people are still spending. Lets just hope that keeps up and we can avoid any kind of serious recession (2000 or 2008).
A look at the 1 day with 20 and 200 day SMA
Joe Gun2Head Trade - Correction on S&P500?Trade Idea: Buying SPXUSD
Reasoning: Holding major support on the daily. Posting a short term double bottom on the 60min.
Entry Level: 3708
Take Profit Level: 3755
Stop Loss: 3685
Risk/Reward: 2.03:1
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