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Snp500

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.
FX:SPX500Short
by Dexter_The_Trader
5
TLT, UST10Y and SPY - a heads up relationshipI read somewhere recently about two co-relationships between bond prices/yields and the SPY. First was about TLT - where TLT goes, the market (SPY) follows it was said. Second, was about the UST10Y (US Treasury 10 Year Yields) having to abate its bull run before the SPY cools its bearish rout. So, I took the opportunity to put these thoughts together visually and overlaid their charts. Interesting observations between these three it seems... There are three highlighted periods in 2022, all of which provide a very similar pattern. Notably, the UST10Y has a tight inverse relationship with the TLT (UST 20Y Bond ETF), which is expected. And if we follow the markings in order... The time line starts the cycle where TLT brings the SPY higher as the two are in alignment to move higher, where the UST10Y drops. Then there is a period where the UST10Y rises, and the TLT falls, but the SPY continues to countertrend (from TLT) and head upwards. This is not sustainable and TLT gave heads up of that (red shaded red box). Int he rest of the red box period, this is where the SPY stop diverging with TLT and follows TLT int he downward move. The shaded red box is the period where TLT is like a leading indicator of the SPY. To restart this whole cycle, it also seems that TLT needs to have a MACD crossover, and a MFI Histo crossover; the time lines mark the MFI Histo crossover after the MACD cross over. Given these patterns, the current situations appears to favor a continued downside drift, at least until a MACD crossover, post MACD bullish divergence, and then a MFI Histo crossover. This would appear to take several weeks more. Heads up!
NASDAQ:TLT
by Auguraltrader
SPY closes the week and month decisivelyFurther yesterday's pre--market post, The SPY closed the week and month in a rather decisive fashion - at the low. The weekly chart (left panel) shows the SPY follow through the downward momentum, after breaking down the HULL EHMA and failing the 55EMA. The close at the week's low, pretty much, also set a new lower low close, having gone through the June low support. This candlestick shows downward momentum, although it might be easing off with a relatively shorter candle compared to the weeks before. The technical indicators support this view with the MACD crossing under and extending further below the MACD signal. Downside target of 325 (yesterday mentioned 330) still remains in sight. The monthly chart of the SPY (right panel) shows that as expected from the previous month candlestick, the failure to break and maintain above 416, with a long upper tail, followed through with a rather bearish monthly candle. This candle ended at its low for the month, with indication that there is great downward momentum due to the similar candle but larger body. The next candle for the month of October will be testing the monthly 55EMA at 354, just a few points away from the week and month close. Technically, the MACD and MFI all indicate further downside momentum to be expected, which also means a likely break of the monthly 55EMA should be expected. Not a very bullish outlook for October at all, with almost no slowdown in sight. From these charts, it would appear that October may start of slightly bullish, but should be overwhelmed by the bears to head further down to target at 325/330 as the month continues to the end.
AMEX:SPYShort
by Auguraltrader
4
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis given to XAUUSS earlier, GOLD went down very fast, BREAKING the TREND LINE because the US INFLATION DATA was UP. Due to this, US10Y went up a lot. And US RETAIL SALES DATA also rose rapidly. It also affected GOLD especially last week. So GOLD sold fast. And the FOMC also pushed GOLD to the lower MINOR SUPPORT LEVEL. We have some very important NEWS coming to USD this week. PCE DATA is key to that. So we have to wait a bit until we get them. Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1647 LEVEL. After that, GOLD can definitely go up to 1744 LEVEL. Be careful..
OANDA:XAUUSD
by benny_marshall
1
SPY can't get it up...Just a quick pre-weekend analysis and update about the SPY. Previously, it looked like the SPY was about to do a technial bounce, but the week panned out to be more fear overwhelming than anything else. The MACD is not divergent, so any bounce can be expected to be shallow; just like Wednesday's bounce, and not following through the next day. It appears a little oversold, and at support cross-roads. With the bearish Buy Setup in force indicating a bearish primary trend, a bounce of some sort is still in the cards. So we play the bull and bear case scenario again. (Slight) Bull case sees a mild rally to about 380 (most likely, as it meets a set of resistances) or perhaps stretch to 390, where should start to stall and turn down again. The TD Seq Sell Setup should start with a TD Flip, then proceed to build but not likely to change the primary trend by exceeding 403. In fact, it might even truncate. If this scenario happens, it would take us to almost mid-October, and the rest of October might be pretty bearish to reach the projected downside target(s), 305 and 330, which have been readjusted for time. The bear case here is a consolidation around 370 and then most of October fall off the cliff type of bear market to 350, then to 330. The slight bull case appears more probable at this point with a favourable 70/30 skew. But whichever way, it is in the middle of a bear trend and it is not quite over. For now, I'd be watching the next week or two to see how this pans out... PS. So far, the projected lines (based on the symmetrical HH and LL pattern) is still robust and uncanny, which was posted on Aug 3.
AMEX:SPY
by Auguraltrader
2
SP500 CONTINUES ITS DOWNTRENDAfter the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase. The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the opposite scenario, if the trend reverses, the price might reach its high of 4160. All technical indicators are confirming the bearish trend, with MACD histogram below 0 line and RSI approaching oversold zone of the 30 line. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
VANTAGE:SP500Short
by legacyFXofficial
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. Either way, NZDJPY should be a LONG TERM BUY. Anyway, the PRICE can go down again on the NZDJPY MAIN SUPPORT, if the MARKET RISK remains in the OFF state, to the 80.50 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at 86.86 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK.
by benny_marshall
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - There is currently a DOWNSIDE BIAS for EURJPY. With JPY being STRONG, XXXJPY CURRENCIES are selling very fast right now. MARKET RISK is still being OFF. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Sometimes EURJPY can reach the 137.00 LEVEL and it has gone down.. 137.00 is a very good SUPPORT LEVEL.. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. - Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 144.70 LEVEL. For that, VIX should be DOWN and JPY should be WEAK. For that, MARKET RISK should be ON.
by benny_marshall
VIX Magic Bowls in ActionAs you can see from the images below, all of the bowls are the same size with similar action from the support lines. This time out the VIX has broken out of the fallen wedge and looks to have confirmed it by touching down. These have been quite accurate so far and I believe that we'll reach 34 by next friday. Sounds quite silly, but the bowls are all of the same size and have performed quite well over the last 5 of them and I'm in a long position to take advantage of them again.
CBOE:VIXLong
by SkyTrees
US500 IS DIVING DEEPER INTO BEAR MARKETAfter policymakers have shown more appetite for interest rate hikes, S&P500 recorded its lowest close in almost two years and it is 24% down from its record high. The technical indicators on 1H graph are also putting the index into bear territory, with MACD histogram below 0 and keeps decreasing and RSI well below 50 neutral line. If the downtrend continues, the index might reach and test levels of around 3530 USD. If opposite scenario occurs, the price might test its previous high at 3800 USD. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
UShort
by legacyFXofficial
$VIX Has Reached Another FCP Zone - W Pattern Complete #VIXTraders and Investors, The VIX picked up a lot of strength and violated the bearish flag that was earlier forming. Now it has just completed a W pattern which means that it can take a bit of correction. An extended version of this W pattern places the price in the next FCP zone as well. So although there are chances of it falling down, a little more strength can also push it higher. So watch this carefully along with indices. 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. ____________________________________________________
PEPPERSTONE:VIXShort
by vikinsa
Will Support Hold for Stocks?The S&P 500 is still in bear-mode, though it appears to have found some support at 3645 as we reported yesterday. We do appear to be seeing some meager consolidation with a narrow range forming between this lower bound and 3714. A red triangle on this level confirms strong resistance. The Kovach OBV does appear to be trekking upward, which may indicate that a relief rally is due. If so, it is not likely we will be able to break past 3749. If we sell off further, 3624 is the next target.
FX:SPX500Short
by quantguy
$SPY #SPX Watch This Level For A Possible BounceTraders and Investors, With the dollar strength the indices have been taking a beating. US30, US500 and US100 have been following the same pattern but the leading one is still Dow Jones (US30). On the SnP500 so far: 1. It has NOT touched/crossed the 200 sma on the weekly timeframe so a test and then a bounce is expected at some point. 2. There is an FCP zone coming around round number 3550 which can act as support 3. An extended M FCP pattern is forming and will complete around the FCP zone. So watch this area closely to find a confirmation to go long for a bounce. 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. ____________________________________________________
OANDA:SPX500USDLong
by vikinsa
5
S&P 500 Slammed AgainThe S&P 500 has been slammed by recession fears, a hawkish Fed, pervasive risk-off themes in the news, and a potentially disastrous hurricane barreling toward the gulf of Mexico (oil refinery hub) and Florida. We have completely given up the 3700's, and are deep into the 3600's with 3645 providing support at the moment. The Kovach OBV is hugging lows and appears to be very oversold. A relief rally could attempt 3700 again, but otherwise the sentiment is extraordinarily bearish. Our next target is 3624.
FX:SPX500Short
by quantguy
ES1! SPX500USD 2022 SEP 25 Week ES1! SPX500USD 2022 SEP 25 Week ES' short was awesome. Possible Scenarios are considered: 1) Short on test and reject of 3792 // lower trend line 2) Long if 3540-3600 // 3711 // dotted and solid trend line is supported Weekly: High vol down bar close off low = minor demand Daily: High vol down bar close off low = minor demand. H3: Possible bottom reversal = Demand > Supply Price reaction levels: Short = Test and Reject | Long = Test and Accept 3903 3792 3717 3642 3540-3600 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
SPY revisited the last low, how now?Just to recap that after flipping into a (bear) rally, a back flip pushed the SPY further down from 13 September. The past week was absolutely stunning... from the SPY daily chart, the week started with a nice rebound, post-gap-down from the previous Friday. Then once the FOMC made their announcement, the SPY just gave way to lower lows (as earlier expected from the TD analysis). In fact, on Friday, althought he SPY did not clock a lower low, it reached within range of the last low in June. And this was met with a late session rebound. Friday's session was significant in the sense that there was yet another substantial gap down, it revisited near the June lows and came back with a late session rebound instead of selling off into the weekend. This candlestick formed tells of a technical rebound early next week. However, the technical indicators are bearish, suggesting that the support of the June lows will be taken out later after the rebound. On the upper side, there are two critical resistance levels. The first is after closing Friday's gap down (at 375) and needs to close above 378. If that happens, we might have another (bear) rally to the next resistance at 392. On the weekly SPY chart, the candlestick analysis is suggesting that the bearish momentum is not yet abating. MACD crossed under its signal line, in the bear territory. A very big hint of the weeks' downside to come... The bigger picture downside target of 325 around the end of October is still valid and feasible. Reviewing the candlestick patterns since August show very reliable patterns per candle and as a collective set of candestick patterns... mostly to the downside for now. Noted too that the weekly candle broke down below the Hull EHMA (bearish). Overall, still down, after an anticipated technical rebound (early) next week.
AMEX:SPYShort
by Auguraltrader
2