Get started

Snp500

SPY the time to rally... Previously, expected the SPY to make a higher low (orange ellipse). I think it just did. For the higher low, as expected, It pulled back to that level on 22 Dec 2022, and then near it again on 28 Dec 2022 (higher low!). Usually, I would use the SPY weekly chart, but this week being the first week of the year, I thought it more appropriate to use the daily chart to break down what happened in the week. Based on the last two weeks price action, we can draw a (yellow) support line which shows quite clearly that there is a strong support about 379 that has been tested multiple times. Then on Friday, the SPY closed above the last two weeks range. This alone is a clear bullish indication. MACD is aligned and supportive of a nascent rally; and VolDiv is appears favourable though lagging. 390 appears to be the immediate resistance as well as the 23-week EMA (resistance). Beyond that, expect a nice bullish close beyond 403.5 for a second confirmation. Then to top the cherry, a high/close above 410 establishes the higher high. Expecting a bullish week to follow through...
AMEX:SPYLong
by Auguraltrader
Ultimate Technical Analysis of Bitcoin-Correlation-DXY/Dollar Hello everyone, hope you all are doing good. As I said I will be posting an idea how Bitcoin is corelated to DXY/Dollar, so in this am going to explain the S&P500+Bitcoin-->Correlation-->DXY/Dollar. Guys this is very important to understand so please check the chart carefully an if you have any questions, please do comment. DXY/Dollar: DXY/Dollar is the ultimate chart to understand the overall markets and analyze the Economy if it is healthy or unhealthy state. DXY/Dollar (Uptrend) in Macro/Long time frames--> (US economy is outperforming other big economies + Federal Reserve raising interest rates) Analyse DXY in Past (Macro uptrend/Bull(A)): -Overall DXY was moving in a massive Descending Triangle Pattern Which Breakout in Jan-2015. -DXY is in Parallel channel from the year 1988 to 2002. -I marked the Upper zones (roughly from 120 to 160) and Lower zones (roughly from 70 to 80). -In the past years 2000 to 2002 DXY was topped out reaching the peak at 120 and failed to breakout from the parallel channel forming a Bearish Divergence and dropped massively to 70. (While DXY is forming Bearish Divergence in RSI, S&P500 is topped out and slowly down Trending and S&P500 formed its 1st Lower Low) -And the momentum of DXY is downwards and keep falling and bottomed out at 70. (S&P500 slowed down its downtrend momentum forming a Bullish Divergence in RSI -> moved in Uptrend forming Double Top. -DXY (77 to 70 DXY made Bullish Divergence in RSI) is Bottomed and moved with high volatility in upside direction. (S&P500 fell massively forming its 2nd Lower Low). Analyse DXY (Macro uptrend/Bull(A)): The parallel channel from the year 1988 to 2002 --> is something similar to the current Parallel channel from 2007 to current (2022). Currently in 2022 DXY in smaller Time Frames formed only 1-layer of Bearish Divergence in RSI compared to past and it is complete. (But the overall Bearish Divergences is incomplete in longer Time Frames or incomplete in Multiple Layers of Divergence). Conclusion1: I see many people saying DXY is inversely corelated to stocks or Bitcoin, but after deeply analyzing the charts, in macro–Time Frames DXY is directly corelated to other markets (Bitcoin/S&p500), but in micro time frames DXY is inversely corelated (mainly when DXY is in high volatility in small Time Frames). What does this mean for Bitcoin? when high volatile move of DXY (upside/downside mainly after Divergences formed and in smaller Time Frames) -> Bitcoin is very high volatile(inversely). when DXY is in consolidation or moving sideways -> Bitcoin is in slow form of Uptrend. I found this interesting as: A. Real world Currencies (Dollar <-----> other currencies). B. Digital/Crypto Currencies (Bitcoin <----> other Alt coins/other crypto currencies) The working system of A is almost similar to B.A-system works based on economy, but I didn't get on what basis B works? may be how much money you put in. Conclusion2: Bitcoin is a new asset which was not there before 2000's, so we have to see what Bitcoin does as a new class asset. So, in the past when DXY has Bottomed at 70 -> S&p500 was in sideways for almost 8years with Double Top formation + Bottomed at 2nd Lower low. 1.Is DYX is in Topping process or already Topped or will it Breaksout from the Parallel channel? As per RSI there is no Divergences formed until now (Jan2023), so Topped or Topping process is not confirmed, but there are chances DXY will create higher highs. May Breakout also, for this to Analyse DXY need another 6 to 12months time to confirm for Breakout or Breakdown. 2.What will happen if DXY gets topped out during the year 2023 roughly at 120 or something? If this plays out, then history repeats, not exactly but something similar can happen like the past. for example, like S&P500 making Double Top formation, create Lower Lows and Bottoming at 2nd lower low. Bitcoin most probably can also create Double Top Or lower than 69K and 1st lower Low was in 2022-15500usd and 2nd lower Low can be formed in 2023. 3.What will happen if DXY will Breakout massively from the parallel channel to reach 150 or 160? If DXY Breakouts it forms a new trend, then in Macro Time Frames S&P500 and Bitcoin will be in Uptrend. Conclusion2: Actually, compared to past history, after DXY topped out forming Bearish Divergences after than S&P500 formed Bullish Divergences and put its 1st Lower Low. But currently (Jan2023) DXY did not topped out and did not form Bearish Divergences yet, but S&P500 formed Bullish Divergences (Is this 1st lower low for S&P500?). (Past and current XXX fractal). Final Thoughts Will DXY Breaksout to 150 or 160 mark or will it Breakdown to 70 or 80? For this to confirm DXY needs at least another 6 months duration from now, may be in Q3/Q4 we can get more data to confirm. Thanks a lot, please like, share and comment if you have any questions or thoughts, please follow me for more updates.
TVC:DXY
by nmchary
SNP500 Bullish short term Analysis/expectationClick on Boost (like) to support these free analyses This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF (IS THE KING) - ETC
CME_MINI:ESH2023Long
by SmartMoneySource
1
ES1! SPX500USD 2023 JAN 01 ES1! SPX500USD 2023 JAN 01 Welcome us into 2023! May the year bring you much Prosperity! Market presented scenario (1) Short at rejection of 4094. Due to the limited movement, levels for the coming week will remain. Scenario Planning: 1) Short at rejection of 4094 / 3928 2) Long if previous channel + 3502 to 3580 becomes support (confluence) Weekly: Low vol down bar close about middle = No supply Daily: Low vol down bar close at high = No Supply Price reaction levels: Short = Test and Reject | Long = Test and Accept 4094 3928 3580 3502 3231 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Observing Historical Top to Bottom to Top CyclesThis is more of a observation or thought experiment than any kind of technical analysis. The starting point of all data points is the SPX ATH. All other historical ATH values begin at the most recent ATH (January 22), and end whenever price returned to its respective ATH. Time and Change is more important than Time and Price. It's easier to see this from a logarithmic view. Historical data is color coded. Vertical lines represent lows. Happy Holidays and may you be a part of the next cycle. Maybe the start is now? Maybe next year? Nobody can be sure.
SP:SPX
by turdcannon
SPXHello everyone, I drew you my medium-term plan for SPX for 3-6 months, this week we saw a false takeaway, just like on bitcoin, which I wrote about earlier and warned you, the markets are not ready to start rising, we have not fallen to the bottom, you can see According to the reaction of people on Twitter, any growth of 5% on any active is perceived by society as a reversal, and this just means that people are still hoping for growth. Remember, we never grow due to the belief in growth and never fall due to the belief in falling, the market always goes for liquidity. I wish you a wonderful Sunday, write your ideas in the comments, I will be extremely interested in talking with you
TVC:SPX
by MMJtop
SPY down again, normal to get a Higher LowNot all down days/weeks are bad, some are necessary. It appears we are at the juncture, where the weekly candlestick pattern is bearish. very clearly bearish. so we are likely heading for a down week. MACD is indicative, so is the daily candlestick. Can expect an early to mid-week down draft. Overall, looking into a end of year low, but a higher low, of about 375. VolDiv indicator is telling of a bottoming consolidation formation. Having said that, the longer run into 2023 should be bullish, and that remains to be seen. It is expected, and projected, but not yet seen the roots of it. Just need a higher low on the weekly chart now.
AMEX:SPYShort
by Auguraltrader
4
ES1! SPX500USD 2022 DEC 12 ES1! SPX500USD 2022 DEC 12 Scenario2 4050 short was good. Another daily supply bar is observed, with possible short opportunity Possible Scenarios are considered: 1) Short at rejection of 4094 / 3928 2) Long if 3751 / 3580 is supported 3) Rotational trade between 4094 - 3928 4) Take a break for the holiday season - I'll be off for the holidays, see you in 2023. Weekly: Ave vol down bar close off low = minor weakness Daily: UT supply bar observed for possible short opportunity H4: Declining volume, chances of whipsaw is high, trade with care Price reaction levels: Short = Test and Reject | Long = Test and Accept 4094 3928 3751 3580 3502 3350 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
2
[S&P 500] short term bullish but mid term bearishTechnical indicators show a high probability of a “dead cat bounce” pattern which is a bullish retracement inside a downtrend. Indeed, the drop was triggered by a huge bearish MACD divergence and confirmed by a cross between MA50 and MA200, while the recent rise was triggered by a small bullish MACD divergence. I believe the bullish retracement will end below the 50% FIBO and will be confirmed by the historical resistance of the 50 period disparity index.
SP:SPX
by Bitcoin_Weather
$VIX Can Rise Soon - Watch Out #VIXTraders and Investors, US Indices have had a good rally. Dow Jones has been the leading one which printed the one of the biggest 3M bullish engulfing candles ever. SnP500 is also creating 3M bullish engulfing bit has been lagging behind the US30. NASDAQ (NAS100) is the lagging behind at the last spot. Russell 2000 has been also printing a bullish engulfing candle on the 3m Time frame. On the other hand, in the UK, UK100 (FTSE100) also has been going really strong. US30 did not have a single stock in a bearish category since 12th of October 2022! This also has broken an important level and trend line. It is overextended at the moment and a correction could be due. This has a perfect confluence with VIX (Volatility Index) which currently is in a demand zone and an FCP zone. VIX can still fall further down because a pattern before failed, and a trend line was broken which makes it more bearish. But for now, a bounce could be due because of the demand zone. This can produce a bounce to the upside which can also coincide with corrections across indices and possibly precious metals too. As we enter the last week of November, we can expect some good moves in the market which can turn into short term trading opportunities. US30: (3M Time Frame) US500: (3M Time Frame) US100 (3M Time Frame) UK100 (3M Time Frame) RUSSELL2000 (3M Time Frame) Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
CBOE:VIXLong
by vikinsa