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Sp500future

S&P500 showing all time highs thanks to 200MAIn the weekly chart of the S&P500, we can see the price has been on a continuous uptrend since 2011. It’s moved from 1,170 up to a high of 4,834. One indicator that I believe has helped this uptrend, the squiggly black line. This is the one and only 200 Day Moving Average. This is the indicator that all investors and traders take note of. When the price is above the 200MA, the price is in a bull market. And when the price is below the 200MA the price is in a bear market. It is clear to us that since 2011, the 200MA has been a trampoline for the S&P500. Each time the price touches, not only does it rally. It goes beyond to new all time highs. And guess what happened last month? It touched, and we got our rally. On top of that, we have Falling Wedge in the chart (Triangle formation). This is where the demand and supply drops, where the market consolidates before the next leg up. As we’ve had our 200MA price touch, we can expect the S&P 500 to rally to a target of 4,834.
SP:SPXLong
by Timonrosso
ES - Is the bottom in???Fellow traders, ES is in a tricky place. Many traders are getting excited about longs this week and I can't blame them. However, my strategy is painting a different picture. Last Tuesday and Wednesday we saw 3580 holding LIKE A BRICK WALL. It is very clear institutional entities had an interest in defending the level. 3600 - 3580 was a battle zone that I don't want any part of. Last Thursday we had a mega hammer bar that pierced the low with power, then reversed and closed at the MA's (moving averages). In all technical respects, this bar is telling us to tighten expectations on shorts. It's location in the median range (3720 - 3520) reduces it's value as a bottom indicator. Clear respect of the MA's tells us this was a controlled lift from the low. Friday was ALMOST an equal and opposite bar, however, the body of the candle is completely inside Thursday's candle body with it's upper wick smaller than Thursday's down wick. The value of this bar is very low. All this being said, last week was a balance as expected. Last Sunday I had mapped out a few short entries, one at 3720 that did work well later in the week. Tuesday I raised an order on it and Wednesday the order was removed based on the daily chart structure. Specifically I don't like how the MA's are bunched together. So I'm at an impasse. Chances are this week is going to be unprofitable for many traders. There is NO clear direction for my strategy. 2 conditions that would prompt my interest this week 1. Solid moves above 3680 with verified long entries around 3720 2. Daily closes below 3580 with short entries round 3520 I bet this would be a good week for range traders, but I'll leave that fun for those folks.
CME_MINI:ES1!
by GrayTrader01
1
SP500 CONTINUES ITS DOWNTRENDAfter the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase. The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the opposite scenario, if the trend reverses, the price might reach its high of 4160. All technical indicators are confirming the bearish trend, with MACD histogram below 0 line and RSI approaching oversold zone of the 30 line. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
VANTAGE:SP500Short
by legacyFXofficial
ES one to watchWhether you're doing the continuous contract or the December contract, lots of technical warning signs here. We aren't beearish or bullish just yet in the near term--look either for a collapse under the 50dma and a close underneath the rising wedge pattern ES has made on the weekly chart before rolling short or a breakout and defense of the upper trendline of that same wedge to validate the pattern. Election uncertainty may play a big role in sentiment shifts--a contested election could drive us back to the 200dma or possibly lower if all hopes of any stimulus are crushed as valuations don't support these lofty levels...on the flipside a clear cut winner be it Trump or Biden (or Jo! lol) will probably goose markets higher as the "worst case" scenario is avoided.
CME_MINI:ES1!
by austrian_trader
1
A Study of Perceived Value - MESI'm looking at MES on multiple time frames and I believe the 2hr chart gives some outstanding detail and clarity on what has been going on in the markets as of late. Using the fixed range volume profile tool and studying consolidation periods we can see that the perception of value has clearly dropped through the end of August and into September. While I will not speculate on what may or may not have affected the drop and the recent rally, I will say that it appears as though MES has broken out of recent value and the high of it's range at 4019.25. This breakout point has yet to have been retested as a level of support. A Fibonacci retracement with extensions taken from the high of the range to the low of the range (shown in black) shows prices interacting with the 'golden zone' between the 1.382 and 1.618 - finding resistance squarely on the 1.5 extension. A second Fibonacci retracement taken from the high of the earlier consolidation area to the most recent current range low shows that price has interacted with a 0.618 retracement. Together, this is strong confluence of resistance. Another element that suggests a local top (or potential reversal into the prior dominant down trend) would be the indecisive candle. We could use the high and low of the indecisive candle as a potential trigger to enter either long or short positions, respectively and a multi-timeframe approach to either entry could lead to spectacular reward to risk ratios for traders. The overall picture looks relatively bearish long-term to me. Value has been established at a lower high and lower low than previously and price has retraced back to where it should. There is validation in both Fibonacci techniques that suggest a local top is in. This could lead to a retest of the 4019.25 level near term. If held as support, long positions at that level could lead to very profitable day and swing trades. We should also note that the POC and value area of the earlier range has not been tested. As a result I intend to look for prices around 4140.00 as a potential target for long trades or a potential entry for shorts. This is, of course, if prices continue upwards in an uptrend. Overall I'd say that I am leaning bearish on the S&P500 - at least until higher lows are established and resistance is used as support. Such is not the case on the the 2 hour time frame currently. I will say, however, that entering short without a trigger in this current environment seems unwise in my personal opinion. It's a good time for me to watch, understand value and the perception of value, and wait for an actionable trigger that would confirm bullishness or bearishness prior to entering a trade. Patience pays. Good luck everyone and Happy Trading!
CME_MINI:MES1!
by TradingTacticsPro
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
Cash Out & Enjoy the Trip The Market went through the $4165-$4200 resistance, as described in my previous analysis. We are still in a bear market, however, the short-term directionality is bullish. The price will probably try to break the $4400-$4500 level. The last four weeks have been incredibly strong. Money Flow Index (MFI) in overbought & Rising Wedge Formation. From my point of view, this is a bull trap formation. It can use the momentum to get to the $4500, which I see unlikely, but not impossible. I used the last weeks to sell and get more liquidity. Now I am just watching the price action. My Scenario: From 15/08/2022 to 01/09/2022 -> Upside to $4200-$4300. From 01/09/2022 to 31/12/2022 -> Continuation of the bear market / Target: $2,800-$3,500 in 12-18 months.
CME_MINI:ES1!Short
by GenadiYankov