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Snp500

Stock Breakout Near??Stocks have recovered from a retracement after testing 4521. The price action started to 'round off' and we suspected a technical retracement may be in store earlier this week. Our prediction came true and we found support at 4440 also as anticipated. Currently, we are testing relative highs again at 4521, but are encountering steep resistance from red triangles on the KRI. The Kovach OBV has been inching up but has leveled off slightly as stocks struggle to break out further. We are at some serious resistance, so watch for signs of momentum at open. If not, we will likely reject current levels and head to support at 4440. If we do see a breakout, then 4580 is our next major target.
FX:SPX500Long
by quantguy
Stocks Retrace as Oil JumpsStocks have retraced as we have called out yesterday. We were due for a technical retracement, and the fact that oil prices jumped provided a catalyst for this retracement. We have found nice support at 4440, a former price target, and expect this level to hold but if not, then we could test the 4300's, with a likely floor of 4350. Our next target remains 4580. The Kovach OBV has dipped slightly, but it still appears we are in a bull trend, so anticipate either some ranging today as we digest current prices, or another bull rally.
FX:SPX500Long
by quantguy
S&P 500 index: Buy low and sell high and Eliminate risks!Today we are here to talk about the S&P500 index. Today: The index is trading at 4456. And in the last trading session we saw the correction that I mentioned earlier, here is the link and the idea. What's on the market now: As I said earlier, there is a positive mood in the market globally. However, now the market is in a correction caused by profit taking. I have allocated for you 2 levels of its completion. If the market corrects, but does not reach these levels, then this will mean the growth of the market in the zone 44 50 - 46 20. What are we waiting for today: Today we can see how the price will continue its correction. And today, or tomorrow, its depth will become clear. At the moment, as I said earlier, the most likely globally is a further movement to the price of 45 50 and above to 46 20. But after the current local correction. What I recommend: If you want to open short: 1. I continue to recommend that you open shorts from 45 50 and above. If you are now out of the market, then I also recommend that you stay out of the market for now and continue to watch and wait for the peak of 45 50 - 46 29. And there, open a short position while reasonably limiting your risks. If you want to buy: 2. If you want to buy the S&P 500, it is better to do it after the current slight correction from level 1 to 44 15 or from level 2 to 43 65. The best way to buy: After buying from the level 44 15, I recommend that you immediately transfer your deal to no loss. Just set a stop and limit losses to 0. Use the same technique if you want to buy long from the 4365 level. Buying strategy: When buying at level 1 (44 15) and if the market knocks you out, try to buy at level 2 at 4365. And be sure to limit your losses to 0, use limit orders for this. In doing so, you must follow the logic of buy low and sell high and zero your risks. And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge. Also remember to contact me in 1 or 2 days for further trading advice. I hope these tips were helpful to you, let me know in the comments below and don't forget to subscribe. I will be posting analytical and trading reviews every day so check back tomorrow! See you next time! Bye!
SP:SPXLong
by kvatoo_FX
Breakout Near in Stocks?? 👀🚀📈Stocks are forming a bull wedge pattern and appear to be gearing up for a break out. We did see some volatility at relative highs around our level at 4487, which could indicate a top. We are also seeing several red triangles on the KRI to suggest resistance here. However, the Kovach OBV is still strong despite leveling off a bit. Watch for momentum at open to confirm a breakout. If so, 4521 is the next target. If not, 4408 should provide support.
FX:SPX500Long
by quantguy
Stocks Back to Life??Stocks have received a nice buying wave, blasting through 4440. It appears we are back to bull mode, as this was the level to break before we could consider higher levels. We do appear to be facing some resistance at 4462, an intermediary level before 4487, which is the next relative high and key level to break before we can consider 4580 which is a major target, and high of Frebruary. This level was tested and rejected twice, forming a double top that will be difficult to break out of. If we reject current levels, anticipate support at 4408.
FX:SPX500Long
by quantguy
ES1! SPX500USD 2022 Mar 21 Week ES1! SPX500USD 2022 Mar 21 Week 4133 was tested and price reaction long was good. Next level to test may be 4487 & 4587. Caution as price and volume alerts weakness. Keep stops tight if long Weekly: Low volume up bar closing on high = weakness some demand Daily: Low volume up bar closing near high = weakness. H4: High volume up bar closing at high = strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4487 4399 4319 4213 4135 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Stocks Reach Our Target!!Stocks had another day of gains, breaking out to test 4408, the exact level we identified here in these reports. We are seeing two red triangles at this level on the KRI suggesting it is providing resistance for now. The price action does appear to be rounding off, suggesting that we may be in for a retracement or some ranging. Candidate levels for a dip include 4380 and 4327. The Kovach OBV is still pretty bullish but does appear to be rounding off as well.
FX:SPX500Long
by quantguy
OIL, THREE REASONS why did the price fall by 28%!WTI CRUDE OIL. About a week ago, oil almost has reached its all-time highs ( ATH ), but a few days later it fell by 28%. Why could this happen? Let's look at the situation in more detail! FIRSTLY, the White House promised to take oil sanctions off Venezuela in exchange for intensified negotiations between President Maduro and the country's opposition. Although the country positions itself as a friend of Moscow but the situation inside the country can make its own adjustments. To recall, the country is in deep crisis and its national currency has been devalued by 97%, but it has the largest crude oil reserves in the world! Would you miss such an opportunity? SECONDLY, despite Iranian air attacks on bases in Iraq, the Nuclear deal is expected to be signed next week. This would allow the U.S. to ease sanctions on Iran and allow the country to sell more Iranian oil . But of course we need to watch the official statements of the governments. THIRD reason, the British prime minister may visit Saudi Arabia next week to ask the country's leadership to increase the country's oil production. So far this is just a rumor, but could it come out of nowhere? These three reasons could have triggered the OIL price to fall! What do you think of the oil market? Share your thoughts in the comments! Friends, push the like button and share with your mates - that would be the best THANK YOU!
TVC:USOIL
by Yuriy_Bishko
12
Two Reasons to be Wary of Stocks 📉Stocks are hanging by a thread as investors weigh a new Covid outbreak in China , and Geopolitical Tensions . The stock market in China has crashed with 2008 level severity as investors panic over the potential of new Covid lockdowns and sanctions as a consequence of support for Russia. US stocks have been hit as well, with the S&P testing relative lows at 4144. We do appear to be getting good support at this level confirmed by green triangles on the KRI, but we are not seeing much follow through. The level below, 4122 is a significant low, and the barrier between current levels and the lower 4K handle. If we are able to break 4122, then we will likely test the lows of the 4K's. If we see momentum, then 4214 is the next target, about mid way between the range between 4144 and 4327.
FX:SPX500Short
by quantguy
Why We Are Still Not Hopeful of a Stock RallyThe S&P 500 has edged up but remains volatile. We made a brief run for relative highs at 4327, but that was swiftly rejected. We appear to have bottomed out at 4214, where we have found support. It appears that we are seeing a slight pivot from this level, but are facing resistance at 4245. Despite hopeful headlines for stocks to rally here in the West, Chinese stocks have tumbled in their worst day since 2008 over concerns about China's close relationship with Russia. We highly doubt we will see a significant rally today, but if we we do, we must break 4327, before we can hit higher levels. The next significant target after that would be 4408.
FX:SPX500Long
by quantguy
1
ES1! SPX500USD 2022 Mar 14 Week ES1! SPX500USD 2022 Mar 14 Week 4290 provided several short opportunities. Price may test 4133. If this breaks, market may head lower. Wait for price reaction at 4133 before entry. Short on retracement preferred for this week. Weekly: Average volume down bar closing off low = some demand Daily: Average volume down bar closing near low = weakness H4: Average volume down bar closing slightly off low = some demand Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4525 4446 4397 4290 4213 4133 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Stocks Breaking Out from Bull Wedge Pattern!! 🚀📈Stocks made a run for relative highs but still appear to be having trouble with relative highs at 4272, which was the exact level we called out yesterday. This and 4293 remain hard upper bounds for the S&P 500. At the time of this writing, we are seeing a small uptick, but these levels remain upper bounds in what appears to be a bull wedge pattern forming. The Kovach OBV is trending upwards suggesting a bull price divergence, and therefore we might anticipate a breakout to higher levels. This is a much anticipated breakout as stocks have been holding onto lower levels all week. We were eyeing 4144 and 4122 as these appear to be the barriers to lower levels around 4K. If we are able to solidly break out from the bull wedge pattern, we still have multiple levels of resistance in the but 4327 is the next target.
FX:SPX500Long
by quantguy
Exuberance Fading in StocksThe S&P saw a nice rally but the hope soon faded. We were able to break 4272, but rejected 4293. Bulls are encountering steep resistance at multiple levels and the momentum we saw just doesn't seem to be sustained. The Kovach OBV has edged up ever so slightly, but has quickly leveled off. We appear to be finding support at 4243, confirmed by two green triangles on the KRI. However we must solidly break 4272, then 4327 in order to begin to establish a bull trend and consider higher levels again. We should see support at 4144, then 4122 which should be considered a floor price for now. In the event of an absolute melt down, if 4122 does not hold, there is a vacuum zone down to the low 4K's.
FX:SPX500
by quantguy
Stocks Face Volatility... Can the S&P500 Recover??Stocks have pivoted off lows, stubbornly refusing to break 4144, and test relative lows at 4122. There is talk that market participants think that the worst is behind us, especially with regard to the Russia/Ukraine war, which shows no sign of resolution yet. We remain unconvinced and still see much risk to the downside. If 4122 does break, we should be clear to test the lower 4K handle in the S&P 500. If we do find footing, then we must solidly break 4272, then 4327 in order to consider higher levels again. Stocks have remained quite volatile lately, and the Kovach OBV is flat, registering their lack of a clear direction. Trade with caution, but 4144 and 4272 could be ideas for mean reversion trades if this behavior continues.
FX:SPX500Long
by quantguy
Stocks Test LowsStocks have opened in the red this week. The S&P 500 has retraced almost the entire range, from 4408 down to 4144, just a few points away from the relative low at 4122. We are currently seeing a nice pivot from that level confirmed by a green triangle on the KRI. However the Kovach OBV is still quite bearish. The key level to watch is 4122. If this fails to provide support, then there is a vacuum zone below to 4068 and 4009. If we somehow catch a burst of momentum, then 4392 is the next target.
FX:SPX500Short
by quantguy
ES1! SPX500USD 2022 Mar 07 Week ES1! ES1! SPX500USD 2022 Mar 07 Week Last week's long on test and then short toward the test of 4290 worked well. Market showed topping, if 4290 is broken, market may reach for lower levels, presenting a short on retracement opportunity. Weekly: Average down up bar closing in middle = indecision Daily: Average volume down bar closing in middle = indecision H4: High volume up bar closing off high = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4525 4446 4397 4290 4213 4133 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Stocks Cautious as War Rages OnStocks have been feeling out the 4300's and low 4400's. We made a brief attempt to test 4400, which was quickly thwarted by 4408. It seems that the war between Russia and Ukraine is still instilling market participants with trepidation, especially after Russian forces attacked a nuclear power plant in Ukraine. The S&P 500 has since rejected highs and tested lows of the value area at 4272. From here we could test highs again, but will have to break 4408 in order to consider our next profit target at 4440. From below, if we break 4272, then 4122 remains our anticipated floor, but we will likely see support at 4230 first.
FX:SPX500Long
by quantguy
Bull Wedge Pattern in Stocks 📈🚀Stocks keep edging up, but remain bounded from above by 4380. We appear to be forming a bull wedge pattern at this level, with several red triangles on the KRI to confirm resistance here. The Kovach OBV is slightly bullish as well, suggesting a bit of a bull divergence. If we break out, we have several levels above to provide resistance, but ultimately, the next target is 4440, a relative high from January, and strong technical level. If the breakout fails and we reject 4380, then 4272 should provide support. If not, 4228 should be considered a minimum lower bound for now.
FX:SPX500Long
by quantguy
Stocks Still Undecided as Ukraine Crisis IntensifiesStocks have retraced further from relative highs at 4408. It looked like we might have been gearing up for a bull run to test 4440, but geopolitical woes seem to keep weighing, and two red triangles on the KRI suggest that 4408 is providing prohibitive resistance for now. We have since retraced back to 4272, but seem to have good support there. Currently, we are seeing a brief pivot from 4272, which has brought us to the midpoint of this level and 4408. From here it could go either way, but it is likely we will need some resolve to the Russia/Ukraine crisis to break higher. If we sell off further and 4272 does not hold, then 4228 is the next relative low where we should expect support, then 4122. If we can break 4408, then 4440 is the next target.
FX:SPX500
by quantguy
Geopolitical Conflict Hits StocksStocks have begun to dip off of stepped up efforts with Russia to move in on Ukraine. Russian forces are close to the capital, Kyiv, and markets are reacting. We have strong safe haven inflows, as per bonds and gold, and the S&P 500 has just rejected a relative high at 4389. The Kovach OBV was increasing, but has curved over with the rejection. If we do find support at current levels, watch for a bull wedge or other bull consolidation pattern to form under 4389. If we retrace further, 4245 should provide support. If we are able to break out from 4389, 4440 is our next target, but this is not likely for today.
FX:SPX500
by quantguy