S&P500 Index (SPY) Classic Bullish Accumulation Pattern 📈
Hey traders,
S&P500 is trading in a global bullish trend.
However, since November the market is consolidating.
The price sets equal highs around 4750 structure.
At the same time, the index sets higher lows indicating a bullish accumulation.
Your plan is to patiently wait for a bullish breakout of the underlined blue structure and then buy on a retest.
Your goal will be based on a major rising trend line that the price is respecting since May.
❤️Please, support this idea with like and comment!❤️
Sp1
HARMONIC SHARK IN S&P500 FUTUREThe SHARK pattern, founded in 1935, is also repeated in the stock market
SHARK harmonic pattern on a S & P500 futures contract
The pattern of advice at this moment of the market is not tradable but raises confidence and gives direction for the rest of the week
The nearest destination is the top red line !!
SPX & Dow Plunge for Wk2 Dec. 21 | Fundamental Analysis In the wake of Sen. Joe Manchin's announcement that he could not back President Joe Biden's $2 trillion spending plan, the Dow Jones Industrial Average dropped more than 600 points on Wednesday. According to Goldman Sachs, Vice President Joe Biden and Democrats are preventing the United States from achieving its growth prediction for 2022. Others fear that the Federal Reserve's "accommodative" policies might lead to an economic disaster. There is a curfew in place in the Netherlands until the middle of January, and authorities in the United Kingdom have warned that more restrictions might be implemented before the holiday season begins. According to the British Medical Association, nearly 50,000 physicians, nurses, and other members of the National Health Service may become ill by Christmas Day.
OPPORTUNITY TO SELL ABOCE RED LINE - S&P500 - ES1! - DAILYThank you for the likes and comments | Much appreciated !
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Sometimes you don't need fancy indicators. Normally trending lines are traced under the curve when the market is up trending but here there is clearly a super strong support illustrated by the red line. There is a possible opportunity to enter heavily short if the volume validate a parabolic up trend above this line. The bottom line in blue is the potential price that can be reached in the worse case scenario at the moment. The S&P500 have been growing constantly. Study why you lost so much at any moment in this curve throughout this 2021 year and understand the bigger picture. You probably would have earned more by entering long in 2021.
This a quick retrospective about the S&P500 for 2021.
For the moment it is clearly going in the LONG direction no matter what happen in the world. We will see what is 2022 is gonna be made of ...
this is not a financial advice, just ideas, please do your own search.
Bull Flag Pattern on S&PS&P forming a bull flag on the hourly futures chart. Can expect it to trade in the narrowing range between upper 4680's to lower or below 4700. Then a break above 4700 tomorrow or beginning of next week for the bullish pattern to continue.
I merely noticed a pattern forming. I am not an advisor and this is not financial advice.
U.S. dollar (DXY) | EUR/USD Forecast Update + Upside TargetsThe main mover last week was the strength of the US dollar, which was bolstered by a new 30-year high from the US consumer inflation report. It seems that we are merely continuing that trend into the new trading week, but a simple glance at other USD-based crosses immediately dispels that assumption. GBP/USD, USD/CAD, AUD/USD, and NZD/USD were among the major currencies that saw losses. The DXY did not have a significant drop, but it did not experience the rally predicted by the benchmark cross. The onus of performance would therefore fall on a Euro decline.
This corresponds to a drop in the EUR/GBP, EUR/JPY, and EURAUD. What caused the world's second most liquid currency to fall in value? Christine Lagarde said in her evidence to the European Parliament that the policy group anticipated consumer inflation to be higher than predicted in the next year, but that they would bear the burden without raising the benchmark rate. The market's main fundamental guiding light is still inflation, but it doesn't imply the topic is always dominant.
Even if the EUR/USD continues to fall to a new 16-month low. The charge from last week's lofty price readings (the US CPI update reached a three-decade high) and new headlines, such as President Biden's signing of the $1 trillion infrastructure plan into law, didn't appear to awaken the wider stock markets during the first session of trading. The SPX remained largely unchanged from Friday's closing, while the more volatile Nasdaq 100 was just -0.1 percent down. Given their closeness to record highs and the entrenched expectations engendered by seasonality's momentum, it's surprising that the "buy the dip" call hasn't sparked more excitement. Where the constraint is statistically even more amazing than the Dow's estimate of realized volatility. The blue chip's ATR (average true range) has slid to its lowest level since December 2nd, 2019, in the last 20 trading days - almost one month. The lengthy decline from the world's most liquid currency pair was tough to miss for those following track of macro trends. For the first time since July 2020, the EUR/USD plummeted 0.7 percent, or 76 pips, to settle below 1.1400. This seems to be a clear acknowledgement of the technical significance of last week's 1.1500 breach, which marked the midway of the March 2020 to January 2021 bull wave, followed by the 1.1450 key-level, which marked the peak of the January 2017 to February 2018 rally.
On the one hand, there is a poor case to be made for the relative perspective of economic potential on the passage of the United States' infrastructure package, but we had enough of notice. The main impetus for this cross, in my opinion, was the monetary policy background of riding the inflation wave.
There are a few fundamental listings worth paying attention to in the current London and subsequent US hours of trading.-
There are a few fundamental listings worth paying attention to in the current London and subsequent US hours of trading.
- The October UK employment statistics and the Eurozone 3rd quarter employment shift provide key labor market updates for the European continent, but the market hasn't reacted with much volatility.
-The October UK employment statistics and the Eurozone 3rd quarter employme The October industrial production statistic and the November NAHB housing market index will provide a more thorough economic assessment.
-The October import and export inflation statistics may add to the pressure applied by last week's data, to come up with a lot more productive market theme.
If the Dollar can take control of the EUR/USD momentum, it will be a more fundamentally sensible move.Despite the fact that we are nearing the conclusion of third-quarter corporate reporting, this week's topic is retail behemoth.
When the financial system is rife with "anxiety," safe havens like the US Dollar often experience a high bid as money seeks refuge. The dollar rose this past session, providing a noteworthy counterweight to the S&P 500's decline. The trade-weighted DXY index saw its highest single-day gain since mid-June, and it then broke above the 94.50 resistance level, which had held it back for 15 months and show's clear signs of importance to the index among market makers and traders alike. The rise signals a break through a key milestone at 1.1500.
It's conceivable that risk aversion is boosting the dollar's bid, but I think the surge is mostly a reaction to the charged implications for US rates after the consumer inflation data for the previous month.
S&P 500S&P 500: The monthly chart shows the near vertical move that has transpired since the 2020 Covid Crash. Is a correction due…
A 10% correction (seen most years) would take the S&P to the area around the blue Tenkan line around 4156 and the 24% retracement target at 3990. The red Kijun line and the 50% retracement from the Covid Low to the 4545 high shows a support target down at 3368. Further risk identified between 2695 and 2460
SPX S&P500 Key Support to be tested todayAfter multiple days of trending downwards, the S&P500 reached a key support level at 4450usd that it needs to hold in order to continue the overall upside trend.
If it breaks lower, the target is -7%, so 4138usd.
I`m looking forward to read your opinions on it.
SELL SPX500At the morning I posted that the market will make a little correction then it will continue going up, it managed to go short, my clients and I have reversed at the place I put the arrow, thanks to god we have recovered the loss moreover we have made a profit and our position still on, you can sell and make a bprofit in the US session.