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Sap500

SPX to continue in the upward move?SPX500USD - 24h expiry Continued upward momentum from 5544 resulted in the pair posting net daily gains yesterday. 5 positive daily performances in succession. The 261.8% Fibonacci extension is located at 5728 from 5094 to 5336. The previous swing high is located at 5680. Further upside is expected although we prefer to set longs at our bespoke support levels at 5566, resulting in improved risk/reward. We look to Buy at 5566 (stop at 5526) Our profit targets will be 5680 and 5728 Resistance: 5636 / 5680 / 5728 Support: 5566 / 5470 / 5440 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
S&P500 Index Breaks Through Long-Term Resistance on Weekly andAre you ready for some exciting news from the stock market? The S&P500 index is breaking out of a long-term resistance that has been forming since late 2021! That's right, the bulls are charging ahead and the bears are retreating as the market prepares to breach this significant and durable resistance. What makes this breakout even more exciting is that the S&P500 is currently retesting the previous resistance level as a potential new support level. This retest is a critical step towards confirming the legitimacy of the breakout and signaling further upside for the index. Technical analysis plays a significant role in identifying the market trend and the right time to make investment decisions. A breakout, when an index or stock crosses a critical resistance level, is a major signal of a bullish trend. Additionally, the support and resistance levels play a crucial role in determining the entry and exit points of a trade. With the S&P500 breaking out of its long-term resistance, investors should use technical analysis to identify potential entry points and exit points. The bulls have been in control for the past few weeks, with the S&P500 trading strongly above its long-term support. Recent corrections have been shallow, indicating that the market is ready to make a big move. And with trading volume remaining above average, the breakout appears legitimate and not just a fakeout. The Relative Strength Index (RSI) is also giving us good news. Currently sitting in the bullish zone, the RSI shows an upward trend line that suggests the bullish trend is becoming even stronger. So what's the next target for the S&P500? It could be around the 4,800 level, but there may be some fluctuations and retesting before the market reaches this point. It's important to remember that technical indicators should be used in conjunction with other forms of analysis to make well-informed investment decisions. Get ready for exciting times ahead in the stock market as the S&P500 index breaks out of its long-term resistance and retests it as a new support level. Stay vigilant and use technical analysis to make well-informed investment decisions during this exciting period! Chachain KEYWORDS stock market, market analysis, market trend, index, technical analysis, breakout, support, resistance, trading strategy, bullish, bearish, trading indicators, RSI, trading volume, investment, investment strategy, investment decision, financial market, market performance, economic growth, market outlook, market forecast, market news, market update, market sentiment, market volatility, market movement, market prediction, market opportunity, market risk, market chart, market data, market insights, market commentary.
TVC:SPXLong
by Anoinvest
1
Are you ready for some exciting news from the stock market?Buckle Up for a Potential Downturn in the Stock Market The S&P 500 might be headed for a reversal, despite the recent optimism. Here's why: Reaching the Peak? Previous CALL The S&P 500's surge could be nearing its end, potentially marking the conclusion of wave 5 in an Elliott Wave pattern. This signifies a potential peak before a correction. The rising wedge formation on the chart hints at a loss of momentum and a possible reversal. Weakening Strength: The bullish breakout narrative might be losing steam. The retest of the previous resistance zone could be a failed attempt to establish new support, indicating a potential breakdown. Bearish divergence is emerging between the price and the Relative Strength Index (RSI). This means the RSI is not confirming the price highs, suggesting weakening buying pressure. Shallow Corrections, Not Bullish Signs: Recent shallow corrections might not be a sign of strength, but rather a characteristic of a topping pattern before a decline. Trading Volume: While high trading volume accompanied the breakout, it's crucial to monitor if it can be sustained during the retest. Lower volume during the retest could signal a weakening breakout. Target: Revisit of Support or Lower The 4,800 target might be overly optimistic . A revisit of the previous support level, or even a breakdown below that, is a more likely scenario based on the technical indicators. Remember: Technical analysis is just one piece of the puzzle. Always use it alongside other forms of analysis and avoid making investment decisions solely based on this information. Stay Cautious: This analysis suggests a potential shift towards a bearish market. Be vigilant and manage your investments accordingly. Chachain KEYWORDS stock market, market analysis, market trend, index, technical analysis, breakout, support, resistance, trading strategy, bullish, bearish, trading indicators, RSI, trading volume, investment, investment strategy, investment decision, financial market, market performance, economic growth, market outlook, market forecast, market news, market update, market sentiment, market volatility, market movement, market prediction, market opportunity, market risk, market chart, market data, market insights, market commentary.
TVC:SPXShort
by Anoinvest
SPX to see a higher correction to the downside?SPX500USD - Intraday Broken out of the wedge formation to the upside. The formation has a measured move target of 4540. Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias. Bespoke support is located at 4310. Reverse trend line support comes in at 4295. There is scope for mild buying at the open but gains should be limited. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 4360 (stop at 4380) Our profit targets will be 4310 and 4295 Resistance: 4360 / 4380 / 4397 Support: 4337 / 4310 / 4295 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
Looking for SPX stem dips.US500 - Intraday - We look to Buy at 3858 (stop at 3818) Levels close to the 61.8% pullback level of 3972 found sellers. An overnight negative theme in Equities has led to a lower open this morning. Intraday, and we are between bespoke support and resistance 3858-3983. Immediate signals are hard to interpret. Preferred trade is to buy on dips. Our profit targets will be 3983 and 4000 Resistance: 3983 / 4077 / 4086 Support: 3848 / 3818 / 3800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
Will SPX's previous support attract buyers?US500 - Intraday - We look to Buy at 3875 (stop at 3855) Continued downward momentum from 4013 resulted in the pair posting net daily losses yesterday. An overnight positive theme in Equities has led to a higher open this morning. The 361.8% Fibonacci extension level of the 4016-3977 move is at 3875. A Fibonacci confluence area is located at 3875. There is scope for mild selling at the open but losses should be limited. Our profit targets will be 3928 and 3990 Resistance: 3928 / 3960 / 3992 Support: 3882 / 3875 / 3850 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
1
Selling SPX into current highs.US500 - Intraday - We look to Sell at 3895 (stop at 3945) Posted Mixed Daily results for the last 9 days. Intraday, and we are between bespoke support and resistance 3747-3895. Rallies continue to attract sellers. The medium term bias is neutral. Our profit targets will be 3747 and 3700 Resistance: 3895 / 4028 / 4140 Support: 3747 / 3700 / 3515 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
1
Selling SPX at previous support.US500 - Intraday - We look to Sell at 3918 (stop at 3988) Trades at the lowest level in 25 days. The 161.8% Fibonacci extension is located at 3861 from 4140 to 3968. The medium term bias remains bearish. Bespoke support is located at 3504. Our profit targets will be 3745 and 3505 Resistance: 3918 / 3958 / 4140 Support: 3861 / 3746 / 3503 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
UShort
by Saxo
Buying SPX lows.US500 - 9h expiry - We look to Buy at 3725 (stop at 3678) An overnight positive theme in Equities has led to a higher open this morning. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 3798. However, with the intraday chart now highlighting higher lows we are possibly forming an ascending triangle pattern. Preferred trade is to buy on dips. The formation has a measured move target of 3900. Our profit targets will be 3899 and 3910 Resistance: 3794 / 3843 / 3900 Support: 3725 / 3700 / 3483 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ULong
by Saxo
Buying SPX at previous resistance.US500 - 8h expiry - We look to Buy at 3851 (stop at 3825) Trades at the highest level in 6 weeks. An overnight positive theme in Equities has led to a higher open this morning. The previous swing high is located at 3912. There is scope for mild selling at the open but losses should be limited. Bespoke resistance is located at 4065. We look to set longs in early trade for a further test of the fragile looking resistance. Our profit targets will be 3925 and 4060 Resistance: 3912 / 3925 / 4065 Support: 3869 / 3850 / 3800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
Selling SPX into a mild rally.US500 - 9h expiry - We look to Sell at 3809 (stop at 3851) Following yesterday's bearish candle, the overall trend lower looks set to continue today. A bearish Head and Shoulders is forming. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 3689 and 3640 Resistance: 3813 / 4325 / 4640 Support: 3690 / 3270 / 3000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
4
SPX to stop climbing?US500 - 7h expiry- We look to Sell a break of 3812 (stop at 3867) Prices have continued the bullish move higher and resulted in 3 consecutive positive days. A lower correction is expected. Price action has formed an expanding wedge formation. A break of 3813 is needed to confirm follow through negative momentum. Further downside is expected. Our profit targets will be 3680 and 3650 Resistance: 3863 / 4280 / 4550 Support: 3813 / 3505 / 2800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
Selling SPX into swing high.US500 - 8 hours expiry - We look to Sell at 3803 (stop at 3867) Prices have continued the bullish move higher and resulted in 2 consecutive positive days. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. The primary trend remains bearish. Our profit targets will be 3703 and 3663 Resistance: 3830 / 4275 / 4550 Support: 3680 / 3500 / 3200 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
Selling SPX into swing high.US500 - 23h expiry - We look to Sell at 3710 (stop at 3780) Buying pressure from 3580 resulted in prices rejecting the dip. The trend of lower highs is located at 3721. The bias is still for lower levels and we look for any gains to be limited. This is negative for sentiment and the downtrend has potential to return. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 3510 and 3450 Resistance: 3800 / 3980 / 4160 Support: 3450 / 3210 / 3000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
8
SPX still not positive.US500 - Intraday - We look to Sell at 3679 (stop at 3721) Prices have continued the bearish move lower and resulted in 3 consecutive negative days. We look for losses to be extended today. A firmer opening is expected to challenge bearish resolve. Resistance is located at 3690 and should cap gains to this area. We look to sell rallies. Our profit targets will be 3572 and 3550 Resistance: 3690 / 3800 / 4110 Support: 3570 / 3210 / 2800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
Buying SPX previous resistance.US500 - Intraday - We look to Buy at 3687 (stop at 3613) Buying pressure from 3560 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 3680 and should stem dips to this area. Dip buying offers good risk/reward. Our profit targets will be 3857 and 3900 Resistance: 3840 / 4140 / 4600 Support: 3680 / 3590 / 3200 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
SPX has turned positive?US500 - Intraday - We look to Buy at 3674 (stop at 3598) Following yesterday's bullish candle, the overall trend higher looks set to continue today. A weaker opening is expected to challenge bullish resolve. Support is located at 3670 and should stem dips to this area. Preferred trade is to buy on dips. Our profit targets will be 3850 and 3900 Resistance: 3850 / 4150 / 4630 Support: 3670 / 3270 / 3000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
Selling SPX into a rally.US500 - Intraday Expiry 9pm UK - We look to Sell at 3777 (stop at 3836) Sentiment remains negative despite the pull-back higher in prices. We are assessed to be in a corrective mode higher. Horizontal resistance is seen at 3800. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 3640 and 3600 Resistance: 3800 / 4155 / 4322 Support: 3640 / 3280 / 2800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
Buying a falling knife..? SPXUS500 - Expiry in 24h - We look to Buy at 3676 (stop at 3602) The medium term bias remains bearish. The previous swing low is located at 3640. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher correction is expected. Our profit targets will be 3855 and 3905 Resistance: 3855 / 3911 / 4155 Support: 3645 / 3210 / 2780 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
Selling previous support on SPX.US500 - Intraday - We look to Sell at 3834 (stop at 3889) The medium term bias remains bearish. We can see no technical reason for a change of trend. A firmer opening is expected to challenge bearish resolve. Resistance is located at 3840 and should cap gains to this area. We look to sell rallies. Our profit targets will be 3701 and 3680 Resistance: 3840 / 4150 / 4320 Support: 3700 / 3280 / 2475 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
3
New ath on US500??Long till go wrong. This is rule n.1 after pandemic crash. You can see on the chart, US500 is still going up with small correction. Corrections are usually around 5%. Trading in this range is very simple. Take long on supports and sell on resistance. But it's also important to be carefull, bcs everybody are starting bullish and this is time to be bearish. In the market can not win everybody. When this index is in the channel, there is still good oportunity to take longs.
ULong
by UltimateCryptoTrader