Do bulls really want to be long the S&P 500 ahead of a breakout?S&P 500 future are tantalisingly close to a record high. So close in fact, it would be rude not to print one. Yet I am skeptical it will simply hold on to (and extend) any such gains without at least a shakeout first, and bulls may be better to wait for a dip. Comparing the S&P 500 to Dow Jones and Nasdaq 100 futures, I explain why.
MS.
Sp500future
ES - Where to Join into the TrainThese two blue boxes are also very suitable for working with receivers.
Instead of getting lost in the low time interval, transactions can be taken by looking at the reactions when the price reaches these levels.
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S&P500: More Upward Potential!We still ascribe more upward potential to the S&P’s turquoise wave B – up to the resistance at 6088 points. At this level, we expect a transition into the same-colored wave C, which should push the index down into our green Target Zone between 5110 and 4921 points. Within this Zone, the larger wave should find its final low, which should provide potential entry points for long positions. A stop-loss can be set 1% below this Zone for risk management. However, if the index surpasses the 6088 points mark directly, our alternative scenario (probability: 38%) will come into play: it suggests that the wave low is already in place.
WEEKLY FOREX FORECAST OCT. 14-18th: BUY THE S&P 500? YES!The S&P 500 looks to have supporting structure for higher prices. The bullish momentum is there, and Friday's close put that on display.
There is some potential for a limited pullback, though. But I would view it as a better price for a possible long entry.
What are your thoughts....?
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SP500 - 1D Who will buy the most EXPENSIVE TULIP?SP500 - 1D Who will buy THE most expensive TULIP?
The SP500 continues to rise unstoppably, reaching 5700.
It is possible that it will continue to rise, but the question is how far.
Technically, the rise is shaped like a megaphone and is currently touching the ceiling. In fact, it has broken the resistance and it is not clear how far it could continue to rise. On the other hand, looking at the chart, it is clear that sooner or later it has to correct. Pay attention to the US presidential elections. Maybe then it will turn around.
Intermediate support zone: 4800
Once our strategy is defined, it is a matter of waiting to enter at the right time.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indications. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
SP500 Analysis 9-11-24Price has been very choppy lately. Looking to see if there will be a push to the previous
highs. 5500 Longer time frame bulls are rallying and could test some highs. Waiting for news. Bears could step back in push price down below 5472
News will be catalyst to get things moving for the month I believe.. 10am Club.. lol
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SP500 Analysis 8-26Price came back to Thursday's high to take out buyers and fall during NY session.
Sell side liquidity around 5587 and lower. We could see price push lower. Have not
taken out previous day lows. Waiting for price to rally back and find rejection around 5631 or 5640 . I took some profits on the sell.
Good Luck
Risk Management #1
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SP500 Analysis 8_21Price is looking to try and reach previous day highs but is struggling. Looking for shorts
below 5600 level to take to Monday sell side liquidity. Bulls have been pushing price higher last 2 days. will see what happens around 10 am.
Good luck trading. Risk Mngt.
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SP500 AnalysisPrice has been buying since unemployment news last Thursday August 8th, which was the
catalyst to begin the move to get buyers back in markets. Breaking last weeks high on Monday
still moving. Wednesday was choppy but still saw the Dump and Pump set up after Cpi News
that tricked out sellers and quickly went to the topside. Price can go either way. Looking to see price run up to 5494 and wait for a sell confirmation around there.
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$ES top in?We got a large reversal today which makes me think that top is in for this cycle. As you can see from the chart, price went over resistance and closed back below it which is extremely bearish.
From here, I think we'll see a move down to the first support at $4800, then I think it's likely that we bounce higher to make people think we're going to see another move higher, but instead of having a sustained trend, we'll roll over down to new lows.
My base case is that we'll see the lowest supports at $2750-2900 before we see any sustainable bull market trend form.
Let's see how it plays out.
S&P 500 ANALIYSIS !!S&P 500 Analysis
The S&P 500 has recently broken out of a "cup and handle" pattern, which is typically a bullish indicator. This breakout suggests a continuation of the upward trend, supported by the 21-day moving average that acts as a dynamic support level.
Cup and Handle Pattern: This pattern is characterized by a "cup" formation followed by a short consolidation period that forms a "handle." The breakout above the handle signals a bullish trend.
21-Day Moving Average: The S&P 500 is currently trading above the 21-day moving average, which acts as a support level and confirms the ongoing bullish momentum
Retest Above Breakout Level: The S&P 500 will likely retest the breakout level. A successful retest would further confirm the bullish trend.
CME Gap Considerations: There is a CME gap above the breakout level. Historically, such gaps tend to get filled, indicating potential short-term downward momentum before the uptrend resumes.
Monitor for a retest of the breakout level. If the price stays above this level, it confirms the bullish trend.
Keep an eye on the S&P 500 staying above the 21-day moving average. This will strengthen the uptrend.
Fill the Gap: Anticipate potential downward momentum to fill the CME gap. If this happens, it could present a buying opportunity if the price stays above key support levels
Breakout Below Support: If the S&P 500 breaks below the 21-day moving average and fails to recover, it could signal a reversal of the current trend.
The S&P 500 is in a strong bullish trend, confirmed by the breakout from the cup and handle pattern and support from the 21-day moving average. A retest of the breakout level and potential gap fill could bring short-term volatility, but as long as the price holds key support levels, the overall outlook remains positive.
Monitor the breakout level and 21-day moving average for potential retests.
Make sure any breakout or retest is accompanied by significant trading volume for confirmation.
Stay aware of macroeconomic news and updates that may impact market sentiment and the performance of the S&P 500.
Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
2024-06-06 - a daily price action after hour update - sp500 e-mGood Evening and I hope you are well.
sp500 e-mini futures
comment: Very similar to nasdaq so if you are a regular reader, I won’t bore you with a long talk about trading ranges. Bears showed some strength from bar 36 - 53 but bulls are still in BTFD mode and as long as that is profitable, this is what they will continue to do. Bulls are in full control and found acceptance at the highs today.
current market cycle: trading range
key levels: 5320 - 5373
bull case: I think the first time I calculated the 5560 target for sp500 was in February or something. I did not believe we could get there but here we are. If bulls get another break above the current ath and 5400, we can absolutely get there rather sooner than later. Bulls will continue to try buying every dip and it’s just a matter of bears giving up again. Bull trend lines are alive and well and there is no reason for bulls to exit longs. I think they want to keep it above 5350 or bears might think they have a chance.
Invalidation is below 5320.
bear case: Bears tried and failed, twice. Two-legged moves inside trading ranges are the norm, so everything was in order today for the bulls. Bears are in pain and if bulls can get another strong momentum rally above 5373, we can see capitulation again. If bears manage to somehow break the drawn bull trend line and get strong closes below 5350, we could see 5300.
Invalidation is above 5400.
short term: Full bull until clear trend-line break and prices below 5350.
medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. —unchanged
current swing trade: None
trade of the day: 5370 was rejected many times today, was good for short scalps. Other than that, very tricky day. Buying bar 49 was reasonable but bar 53 was a very big surprise which got many stops. Losing is part of this game, accept it and make peace with it.
Home Depot DivergenceHome Depot is a stock that loves bull and bear divergences in technical terms. There have been 3 bullish divergences since 2022, all of which have brought an average return of around 25%. The last divergence is now in place and a potential 25% return would push the stock over $400.
S&P500 - Clues to BUYThe S&P 500 is my favorite market to trade however my strategy struggles when price enters All Time Highs by design. I tend to try and hold positions into ATH's and beyond but this recent uptrend has proven too aggressive for my entries (See attached ideas). Last weeks close is a very subtle clue about institutional intention to buy this market.
My intuition says S&P500 is likely to move higher and start the price exploratory process between 5600 - 5350. This is a common process pattern through the summer months observed historically (institutional investors allocate before leaving for summer vacation maybe?) Unfortunately, it also means any trades for me have reduced odds until price clearly defines levels that provide my strategy an edge.
As price explores above, I'll be mindful of quick tests of support. I personally would not be comfortable with any swing long entries above 5290, which seems unlikely. From a day trade perspective, 5325 should provided good support and I doubt price trades below it for very long. Time/Price analysis indicates 5600 is a good level to watch for exhaustion of this push. 5185 and 5510 could offer some setups. Daily closes below 5300 invalidates this idea.
Any trades related to this idea in the weeks to come will be posted below. Likes and Follows are appreciated
SP500. Weekly trading levels 13 - 17.05.2024SP500 is again almost at a historical high, with one zone to go ahead.
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
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