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Snp500

Combined US Indexes Bounced UP!Heads up that there is a significant development in the market structure, as observed by the last two weeks of activity. Previous week, the weekly candle broke down two support lines, and closed well below. In addition, there was support from the TD Sequential counts for a downward momentum. This was also corroborated by the MACD and the VolDiv. However, despite the technical indications, the market movement was totally opposite that started with a gap up, and ended with strong upside momentum. There are two very clear indications of a trend change: 1. The opposing candlestick is large and closed above the last six close; and 2. The TD Sequential reversed and started the opposing Setup. Taken together, this are the first indications of a real trend change. Next, this would need to follow through, and break above the trendline, and then the marked resistance.
CME_MINI:ES1!Long
by Auguraltrader
1
Dxy Dropped. VIX Dropped. You Know What That Means?Traders, SPY has bounced exactly as the charts had shown us it would do. I will briefly discuss what we can expect now in the weeks ahead as we continue our move towards the target of our blowoff top. We will also look at a few of my short plays. I will discuss what I was thinking in entering and what I expect now. I was stopped out of the NVDA play and will update my spreadsheet soon! BTC and SOL shorts are still on and SOL is well into profit. Stewdamus
INDEX:BTCUSDLong
by stewdamus
3
S&P After 1 YearIt has been just over one year since my last post on the S&P 500 (Oct 2022) and the index is up by around 19% since then. Not bad. (adding the link of my related post.) The weekly chart with the indicators and the pattern between the Fibonacci levels show that it's highly possible that the pattern will be completed and we'll be testing the all time high at 4818. This week's bar seems to be a bullish engulfing bar which is a reversal of the down trend. Although the future is unpredictable, there's a chance of 11% upside according to this construction. Let's see how it goes.
TVC:SPXLong
by erdem_bilgin
S&P-500: All Support and Resistance for Bull and Bear ScenariosLet me explain this. ALL SPIKES ARE THE SAME. However, the different timeframes and chart scales create 4 unique layouts for both Daily and Weeklies. The top two are Dailies and the bottom two are weeklies. I have labeled which chart scale they are on. THE TOP TWO HAVE RESISTANCE SCHEMATICS (THE SAME TWO) . As in, the extensions are RESISTANCE (IN RED) THE BOTTOM TWO HAVE SUPPORT SCHEMATICS (THEY ARE DIFFERENT) . As in, the extensions are SUPPORT (IN GREEN) *We have just intersected the 2.618 and now we either....* A. Go to the 1.618 now at 3970... B. We go back to 4.236 and crab around... C. Go through the 4.236 and to the 6.854 where we possibly create a disjointed double top... D. Drop through all support, destroy schematics at 3500 and find NEXT SUPPORT AT (GREEN) BTW: The Dailies are 3 Day timeframes because Dailies are too strecthed. BUT THE DAILY SCHEMATICS ARE PURELY MADE FROM DAILIES SO IT DOES NOT MATTER. ---You may notice that the bottom two support schematics are the same as #2 and #3 on my "S&P-500: All Fibonacci Schematics" idea linked below---
CME_MINI:ES1!Short
by MichaelBsul
SPY 410 Target Now ConfirmedTraders, A couple of weeks ago you'll remember I expected a bounce off of our 200 day SMA which coincides with the bottom of my channel, making a strong area of confluence and support. But I wasn't sure if that was the end of our drop? Turns out, after testing the underside of our neckline for a patent classic retest, we have now broken below the 200 day SMA and channel. Tomorrow will provide confirmation. As of now, I will say that our $410 target down is certainly in play. And look how it coincides with the RSI! We should hit 410 right about the time the RSI is also finding its support on our long-trending touch and go. Best, Stew
AMEX:SPYShort
by stewdamus
Combined US Indexes BROKE DOWNThe last week proved to be the straw that broke an important support level, to close the week at a recent low. This is very significant as it is the first indication of downward momentum, having bounced off the same support three prior weeks. MACD appears to be deteriorating again in the past week, and the VolDiv is definitely not improving. What this is projecting is that there is more downside to follow, and if it breaks the next support levels, there would be a strong downward wave as technicals would have aligned by then. Heads up... likely going down further...
CME_MINI:ES1!Short
by Auguraltrader
SNP500 heavy to the downsideLooking to short for SNP500 **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
FX:SPX500Short
by Shadowing_The_Big_Boys
SPX: I still think it is bullish, but getting a bit weakAfter this week, SPX is operating within a 4% price range. The most bullish case right now would be to break the upper range next week. Most bearish case would be to break the bottom of the range. Max pain would be to just mess around within the range. Indicators are neutral to slightly bullish on weekly timeframe. RSI is kicking up above 50 which is bullish, MACD is steady; DI is shifting positive, but not full bullish yet. Right now, not telling much. EW perspective, wave 4 is still valid and price should be in the early phase of wave 5. This can take some time to play out since wave 5 is usually a sucker's rally that initially sets up bear traps. We are already seeing potential diagonal structures in the lower timeframes. So, to keep it simple for now, I would say for now it is wait and see how things play out. Bullish above 4385, bearish below 4215. My personal bias is still to the upside and sold puts on Friday. If Friday's low breaks on Monday then I will be out of that.
SP:SPXLong
by mukit1
Big looming h&s on weekly,daily SNP chartThe price technically broke below the h&s on higher timeframe, somehow price still got supported by the longer term trendline. Shall watch for this week as PA unfolds. Retesting 4400 area. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
FX:SPX500
by Shadowing_The_Big_Boys
SPY Retest Complete. And Macro-Economic Ramblings of a Mad Man.Traders, As expected, SPY bounced off of that 200-day SMA and performed a classic retest of the underside of our previous support, the neckline of our H&S. Now, the only question that remains is do the bulls have enough in them to break back above or do we remain on the underside of this neckline and potentially drop back down ...maybe even breaking the bottom of my channel (green) to proceed to our target down at $410? These questions remain unclear as of now, especially since the advent of yet another unsettling geopolitical situation and war in the Middle East. But I will watch this closely and keep you all up to speed. As of now, my bet remains that we continue upward somewhere within the boundaries of my channel even with another retest of the bottom. This supposition is mainly built upon what the dollar is doing now and will continue to do with the unprecedented allotment of U.S. dollars that will have to be printed and distributed to keep other country's wars continuing, fund the migrant costs (both direct and indirect), our regional banks afloat via guaranteed deposits, and the future economic collapse here in the U.S. that may start in commercial real estate or the housing market sector again. All of this (and we have not even introduced BRICS) will crush the dollar, eventually. Once this occurs it will take many more devalued dollars to buy a thing of worth, including stocks. More dollars to buy shares in a company will give the trading public an illusion of strength. An illusion is all that is needed. And on up we roar to complete Wave #5, the blowoff top. Best, Stew
AMEX:SPY
by stewdamus
Combined US Indexes slammed furtherPreviously mentioned that the supports are being broken. It gave way after an expected bounce. The dip that followed came with confirmation technical signals as well as a lower low… suggesting that there is downward momentum still. Saving grace lies with a pullback rally to end the previous week just above the support line. However, this appears to be futile, with shallow bullish bounces expected, and a close below the major support line. Thing is this… there should be a close below the line and it needs to hold below for another three weeks to firm up more downside. But a rally back up above that critical support (then turned resistance) would be a good bullish rally to look for, albeit later in the year end/beginning. Next four weeks should see at least two weekly closes below support. In line and in support of this indication, TIPS and TLT, with JNK have led the markets by pushing further new lows of late. Heads up.
CME_MINI:ES1!
by Auguraltrader
1
#ES Day Trading Prep Week 10.01 - 10.06Level : Current Balance 4378.50 - 4321.50 Resistance 4349.50 - 45.25 // 4362.75 - 59.50 Key Resistance 4378.50 - 74.75 Targets if accept over 4389.75 - 92.25 Area to accept over for continuation to VAL Support 4327.25 - 21.50 Key Support 4310 - 07.25 Targets if can get through HTF Support 4291.50 - 85.75 // 4272 - 65.50 Would need to accept under for any continuation towards the GAP under 4250. Last Week : Marked opened and consolidated around the Edge area with a test and fail over it which gave us a nice move towards lower targets for the week filling Contract Roll Gap and testing HTF Key Support top which provided a nice bid and pushed the market back into the Contract Roll Gap area which was market off as potential place to either bounce or find Support at and so far we have built up inside it and failed to take it out again on Friday. This Week : This might be a tricky week, we have made a big move lower since the start of the move from week 9.17 - 9.22, we had balance extension x 4 to get here and so far looks like might have found new Current Balance maybe at least for short term to do some cleaning ? It is a start of a new month and we do have market moving data and events this week so we will have to see if we actually stay in this 4378.50 - 4321.50 Balance or not. I would think we could at least hold within until mid week or so to build up some more structure to show us the way. If Balance : We are looking to spend some time in this 4378.50 - 4321.50 area and trade with in our Resistance areas are 4349.50 - 45.25 // 4362.75 - 59.50 Key Resistance 4378.50 - 74.75 Support in this 4331.50 - 27.25 - 21.50 areas ? Would need to accept Over/Under Key Resistance / Current Support areas to try and move out of balance. For More Downside : To see more downside ideally we would want to build up more over 4327 - 21 and then get a break / continuation towards Key Support at 4310 - 07.25 area which would be the spot to watch for more continuation and we could target HTF Support high and possibly low with targets at 4291.50 - 85.75 // 4272 - 65.50 this would be spot to get through to try and target lower Gap area under 4250. We would need either more supply build up or selling volume to get us to those areas this week. If heavy volume could see 4240 - 30 - 20s area. For Upside : To see upside from here we would want to build up in this range and start taking out Resistance areas to make a run at the Edge and 4378.50 - 74.75 would be Key Resistance to watch acceptance over to be able to target 4392.25 and VAL area above. We would need either a strong bid or run out of selling above 4370s in order to try and continue higher this week.
CME_MINI:ES1!
by HollowMn
Do Stocks Now Pump Again?Traders, With the dollar and VIX down, there are no surprises with our SPY chart showing a nice big green candle on the daily. The question remains though, will we stay in my channel and above the 200-day sma or will we continue to proceed down to the H&S target of 410? My best guess is that we'll remain in our channel. As postulated previously, the 200-day SMA along with the bottom of my channel may be all the support that is needed to guide us onward and upward. This along with more than 11 straight weeks of DXY strength (time for a break) means that the beginning of Uptober could start today. And look at that RSI helping us out as well! Wave #5 is still well intact. Best, Stew
AMEX:SPYLong
by stewdamus