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Sp500analysis

S&P500 Index Analyze!!!First, I have to say that if you want to know about the road map of the S&P500 Index, please look at my previous post about S&P500 Index (It ran as I expected✅).👇 S&P500 Index is near the trend line, and I expect that it goes down and making the Expanding Leading Diagonal. I showed you the end of wave 5 in my chart. Also, we can see the Hidden Divergence (HD-) between MACD Indicator and price.👇 ❗️Note❗️: If S&P500 Index breaks the trend line, my scenario will change. S&P500 Index Analyze Daily Timeframe(Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SP:SPXShort
by pejman_zwin
3
SP500- Doomed for a 500 points dropIn my yesterday analysis, I said that SP500 is facing a very strong sell zone above 4.1k and a drop is possible from now on. CPI data triggered this drop and the index fell hard putting in an immense bearish engulfing on our daily chart. I expect a resumption of the trend that started at the beginning of the year and is very possible for SP to visit the pre-pandemic high at 3.4k zone. At this moment the price is 3950, just above confluence support given by the horizontal trend line and the rising trend line started in June and a corrective rally can follow. This rally should be considered a good selling opportunity by traders and ONLY a break back above 4.2k would change this strongly bearish outlook Best of luck! Mihai Iacob
VANTAGE:SP500Short
by Mihai_Iacob
13
SPX Daily TA Cautiously BearishSPXUSD Daily cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. *August CPI surprised to the upside by increasing 0.1% to finish 8.3% higher than the year before compared to 8.1% consensus estimates, sending Equities, Cryptos, Commodities, Euro and Futures into the red. Today's winners are once again a combination of DXY, US Treasuries and VIX. Although it was minor, CPI going up rather than down is still a blow to the "inflation has peaked" crowd and is likely to inspire the Fed to go with a 75bps (or potentially higher) FFR hike on 09/21. Key Upcoming Dates: The Merge (Ethereum) at ~11pm EST 09/14 ; US August Retail Sales at 830am EST 09/15; 12th GDPNow US Q3 US GDP estimate 09/15; UofM Consumer Sentiment Index at 10am EST 09/16; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently trending down at ~$3960 as it breaks below the 50 MA at ~4k support and is on the verge of testing $3938 minor support. Volume remains Moderate (high) and is on track to break a four day streak of buyer dominance if it can close today's session in the red. Parabolic SAR flips bearish at $3911, this margin is bearish at the moment. RSI is currently trending down at 42 after being rejected by 53 resistance, the next support is the uptrend line from 01/27/22 at 38 support. Stochastic remains bullish but is currently trending down at 65 after forming a peak just below 76 resistance at 68, if it breaks below 60 it would be a bearish crossover; the next support is at 48. MACD remains bearish as it continues testing the uptrend line from March 2020 at ~-23 and is currently trending down at -26; if support from the uptrend line is lost, the next support is at -11.45. ADX is currently trending down slightly at 20 as Price is falling, this is neutral at the moment; if ADX can form a trough as Price continues to fall, this would be bearish. If Price is able to bounce off of $3938 minor support then it will likely retest the 50 MA at ~$4k psychological resistance . However, if Price breaks down below $3938 minor support , it will likely retest the lower trendline of the descending channel from August 2021 at ~$3860 as support . Mental Stop Loss: (two consecutive closes above) $4k.
SP:SPX
by dailytaguy
S&P 500 - Not Time to Get Bullish (yet)SP:SPX Hello traders. Let's take a look at the S&P500 to see if the chart matches the sentiment over the last few days. In my opinion SPX isn't quite ready on higher time frames for serious bullishness. Others may disagree but when an objective method of trend analysis is applied to the weekly chart it becomes difficult to make a bullish argument. When two methods of objective trend identification are used and they both suggest a down trend, it is nearly impossible to draw another conclusion. Now before anyone thinks that I'm bearish on the S&P500 let me put my personal stance in the spotlight. I'm actually trend neutral at this juncture due to the fact that higher time frames are ranging in a wide, slightly chaotic range. We'll objectively identify that as well, of course. In the first photo of the SPX weekly chart I have used a method of trend identification identifying key levels of support and resistance. For any one of these swing highs or lows to be identified it had to pass three tests: (1) Price action must have broken a key level of support or resistance (2) Price must have pulled back with two consecutive candles of the same color. (3) These candles must be red if price recently broke resistance or blue if price recently broke support Using these rules we see that the SPX was in an objectively defined uptrend from 23 March 2020 (Covid Low) to 03 January 2022 (all time high). During this timeframe the market was taking out objectively established swing high resistances and respecting them as a level of support. This led to higher highs and higher lows. Technical traders understand this as the definition of an uptrend. Once the all time high was reached, the market began shifting behaviors. It began taking out objectively defined support and respecting them as levels of resistance. This led to a series of lower highs and lower lows. Recently, SPX was able to peek above a critical resistance level but could not hold above it. This is a disruption to the down trend but does not rule out the possibility of downward continuation. There is no pattern of higher highs and lows established (yet) and there is only one higher high (yellow circles). Currently the higher high theory is subjectively defined according to our rules and has not been clearly respected as a level of support or resistance since. Additionally the move comes from a lower low in between our two circles which suggests disruption and weakness but not necessarily a reversal. Our second objective trend identification method will come from the anchored VWAP tools. We'll use the same two key reference points - Covid low and all time high. We see these with the blue AVWAP dynamic lines. Price action has validated both of these anchored vwaps in the past as both support and resistance. The read is pretty simple with them. Price is bracketed on both sides by support and resistance. It has not convincingly broke and held above or below either one, leaving price in a range. In my experience when price is ranging I do not break out my bear claws or my bull horns. I take a position of neutrality in the market and look at the extremes of the range. It is there that I find opportunity to fade the market back to the other extreme. There is great confluence between the anchored vwaps and simple line work to suggest that these zones of support and resistance are valid. If treated as such, then the appropriate time to get bullish (or bearish) would be when price breaks out of the range. Until then my game will be to fade the range and continue to be neutral. This is also a disciplined, measured, and objective approach to technical trading and doesn't involve the predictions that many will make.
SP:SPX
by TradingTacticsPro
4
MES (SP500 futures) trading planOn higher time frames it would appear that the SP500 futures are in a range. Due to that I'm looking at the extremes of the range as an overbought and oversold level and intend on fading the extremes if there is a trigger. Price could break out to the top or bottom side and it would be very interesting if that were to happen. I believe that to be unlikely given the tendency of the market to continue with it's current behavior but it is certainly not an impossibility. Check out the video for more info. Y'all take care!
CME_MINI:MES1!
by TradingTacticsPro
2
SP500 is drawing a very nasty pictureAs the title says, SP500 is drawing a very nasty bearish picture. We can see from the posted chart, that after the low from mid-June, the index started to reverse, and once it has broken above 4100 horizontal resistance I was inclined to think that the correction that started at the beginning of the year is over. However, after it reached 4.3k zone resistance given by the descending trend line, instead of a small correction and resumption to the up move, the index has broken back under, a break marked by an immense 200 points bearish engulfing (around 5%). This type of price action is a clear indication that bears are not done yet and more losses are around the corner. At the time of writing, SP500 is trading at 3900, exactly in the confluence support zone and, in my opinion, this level will fall soon. In an optimistic scenario, a rebound can follow now, but this should be used as an opportunity to sell in anticipation of a break. The target can be the 3600 low, for now though... SP500 is very probable to drop under. P.S: Only sustained buying power above 4100 would change my bearish outlook
OANDA:SPX500USDShort
by Mihai_Iacob
20
SP500- Rise from support?Since the bottom was found in mid-June, SP500 has started to rise and at the beginning of August managed to break above important 4000-4100 zone resistance. After making a high above 4300 the index started to correct lower and now is trading exactly above the mentioned resistance, now support. There is a high probability for up continuation from this point and a long trade targeting the previous high can have a 1:2 risk: reward ratio. Even more, if the correction started at the beginning of the year is over, swing traders can target 4.6k resistance with a 1:6 R:R.
OANDA:SPX500USDLong
by Mihai_Iacob
15
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)The overall evaluation on the SP500 index has been in a monthly bearish trend that has always confirmed itself via a monthly resistance trendline rejection ever since the apex turning point of this index from January 2022. Please be cautious on your risk management as always. The projected lines of direction (white) are not random skittles, but was produced by my experience of years of trading on how market moves work to build proper market structure. Yes, it is possible that we may even dump further than expected or pump tremendously due to some peculiar and consistent positive catalysts however this serves as a "guideline" on what to expect for the months to come. The SP500 is very similar to the NASDAQ structure and as well as in crypto. We may not see any potential major consolidation ranges until we hit the 2020 support lines. ------------------ You like the chart? Its free! Don't forget to like, share and comment! Bookmark it, save it so that you may add it as additional reference for your future trades. Thank you! (If you got any spam notifications by me reposting this a lot, its because the image view or zoom is not available in tradingview upon application. You shouldn't have to adjust it yourself, just read for your convenience!)
VANTAGE:SP500Short
by Wamses
1
S&P500: Rare, Medium or Done? 🥩That’s generally the question when preparing steaks. Additionally, we might also ask S&P500 whether it is already done – namely with wave V in pink and wave 3 in blue. We still give the index some time and room to finish them both, but afterwards, it should get started on a countermovement leading into the lower blue zone between 4144 and 3998 points. There, it should complete wave 4 in blue and subsequently take off again. There is also a 40% chance, though, that S&P500 could drop below the resistance at 3950 points, thus eliciting a detour below the next mark at 3639 points and into the turquoise zone between 3597 and 3353 points.
CME_MINI:ES1!
by MarketIntel
1
S&P500, can we regain some losses?Hi Traders, Indices have been a bear market lately and we have finally have reached a critical point if we will see a breakout upwards another push down. Looking at the HTF price has been consolidating within a falling wedge reversal structure. On the LTF, price broke out of a bullish continuation pattern within the larger structure which seems to be correctively pushing out of the HTF structure. Wait for further development to see if we will see a HTF continuation structure to give us a buy opportunity. Trade Safe Thanks
OANDA:SPX500USDLong
by ktlfx
SP500 can rise back above 4kThe end of last week was a good one for stocks with a Pin Bar reversal on Thursday and a strong bullish day on Friday(also the weekly candle is a Pin Bar) At this moment SP500 is facing a confluence of resistances given by the horizontal 3900 and the falling trend line and a break above these could lead to further gains above 4k and to the next resistance at 4090. I'm bullish this index and I'm looking to buy dips. A drop under 3700 would negate this scenario
OANDA:SPX500USDLong
by Mihai_Iacob
2
10 yr My W4 on weekly HTF chart is looking likely. If the Fed & ECB are in the debt market trying to stabilize the system via repo swaps then this dump is going to be a normalization process and the markets will chop around in some f**ked up range until W4 is complete around 1.9%-2.2% during this normalization period bullish momo will fizzle out and bears will short all pumps and win , but the greedy bears will get squeezed as all big dumps in markets will get bought up quick and change the direction b4 most traders know what even happened. I suggest only buying your core positions until w4 is finally done projected to finish July-Sept 2022. This would be a good move for the patient investors here to hold and add because once the W4 finishes and markets stabilize (if the fed pivots like I am saying above) W5 will line up on the 10 yr with W5 for stocks & crypto. Conversely If W4 becomes a fear trade (inflation narrative grows momo, war in Ukraine gets worst possibly nuclear war, china invades Taiwan or anything else unforeseeable) then W4 will decimate markets and 3200 SP500 is possible and $12K BTC.
TVC:US10Y
by Big_Mike716
S&P500: No LazybonesDespite the holiday in the United States, S&P500 has not been lazing around but has climbed into the middle white zone between 4156 and 4224 points. There, the index should finish wave (3) in white and subsequently start a countermovement into the lower white zone between 4076 and 3999 points. After it has completed wave (4) in white in this region, S&P500 should turn around and head for the upper white zone between 4332 and 4400 points to finish wave (5) in white. However, there is a 38% chance that the index could break through the bottom of the lower white zone, fall below the support at 3855 points and drop into the magenta zone between 3788 and 3683 points.
CME_MINI:ES1!
by MarketIntel