SPX500 Futures "Support Levels".2 of the support levels are price support. 'The other is the December 20th low, which has worked for other indexes.
Sp500future
SP500 for a new ATH? 🦐SP500 on the daily chart is trading between an ascending trendline and a daily resistance.
The price is now moving to the upper structure and we can see 2 possible scenarios where one is a rejection and the continuation in a possible triangle pattern.
The other is the break above with the consequent new ath.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
4 hr shaping up for a melt up if cash opens hot to the downsides&p500 futures will enjoy a period of increased volatility if the situation arises for topfishers to take in a larger volume than the recent longs minus the profit taking amount
this will lead to a higher high on the daily compared to 4743
dual 15 minute forecast (es1!)es1! undergoing snap back to highs not seen since dec 23
increased volatility would be the natural position, even in bullish continuation
both targets are equally valid
essentially a topfishing play
Cup and Handle on E-mini FuturesVery nice Cup and Handle Pattern formed on /ES. PT of 4686.75. Time for $SPY to run.
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.
SP500: Top or Flop?After making significant gains, the S&P500 falls short of rising above the resistance line at 4711 points, which approves that this is an important mark. We expect the course to extend gains into the white area. However, an alternative drop ist possible, too. Here, the index would be in a bigger correction until the blue area is reached.
Exciting times!
SP500 Trading The CorrectionIN this update we review the current price action in the SP500, using the EminiSP continuous front month contract to identify the next high probability trading locations
SPX S&P500 Recovery after the Black Friday sale?After an anticipated holyday sale:
The futures for S&P500 are signaling a recovery today after the Black Friday`s low volume.
S&P Futures up 0.61%
Do you think the trend will continue during the week?
$US500 - S&P500 futures - COVID crash 2.0 or correction ..?- BREAKING NEWS -
According to WHO, the new covid strain is considered "serious"
Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out.
We have some sort of support/demand line coming in again, we created that support line, when we found the bottom of the sept/oct correction and even backtested it nicely couple days after.
I think coming back to that trendline is healthy for the market, and if market participants really buy that demand again, we might be up for an aggressive rallye. If we smash that demand line though, I think there could be a bit more downside to this.
I think, at the moment its well advised to have decent cash posotion on the sideline rdy to be put to work.
I will post a LONG setup, whenever there are signs that market might be rdy to run.
At the moment, I don't think that we will be fully crashing, but, if we break that demand line with high volume, and maybe even backtest it as new resistance, then a short might be something to think of.
Stay tuned, and please comment like and follow me if you can :)
S&P500: Final Steps!🎢🎢🎢The S&P500 has approached an area where we can slowly start to think about another corrective move by the index. Currently, there is still some room for the index to rise to areas around 4733 points. Then, it is time to cool-down a little bit. We expect the index to fall below 4584 points, before the bulls take over again.
Okaaaaay, let's go!
S&P500: Rocket Science! 🚀🚀🚀It IS rocket science when we are analyzing the S&P500 and where it is about to go, because this thing is literally a rocket! We expect it to rise to areas above 4549 points. After a small correction, we expect it to extend new all-time highs above 4620 points.
Happy weekend!
SPX S&P500 that was the dipAfter the S&P 500 broke the Uptrend, the price target for my group was the May top, which should turn into support:
So the price target was around 4220usd.
But there were lots of investors who bought the dip and didn`t waited for the obvious retracement after the broken uptrend, so SPX found support in May`s dip, 4280.
I expect a sideways movement before the S&P continues its rally.
I forecasted this S&P500 top back in August!Back in August, I applied the Fib. Retracement tool, albeit wrongly, to forecast the possible move the S&P 500 will go before a sizeable correction will happen.
2 months later, turns out to be pretty accurate! Well, not to the T but still pretty impressive I'd say!
So, the next question will be how low will it go before resuming its trend? Or is this selloff the mark of the beginning of a bear market?
Here's previous approximate sizeable correction:
- Aug 2011 = 24%
- Jan 2016 = 15%
- Dec 2018 = 21%
- Mar 2020 = 36%
Time will tell and the price will show!
Invest & trade safely, always!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
SP500: Up, Up! 🆙🆙🆙Although the S&P500 has lost some power, we expect it to rise further and turn into a correction at around 4502 points. This correction should stretch to around 4451 points and pave the way for surges past 4549 points.
Have a good start to the week!
S&P500: Pullback before a probable 200 points drop?This might be part of news play or is it?
So, there's 2 scenarios that this can play out.
1. Market is going to rally to 4450 area, and then drop the 200 points
*White 12345 = Daily impulse.
Yellow 12345 + Green ABC = 4H complete cycle. Supply & Demand Zones as reversal areas.
OR
2) Market continues to rally up past 4500, signaling trend continuation
**Red ABC = Daily retracement
Blue 12345 = Wave 1 on Daily/ Impulse wave on 4H
Crucial juncture is how the market reacts when it reaches 4450.
If it goes side ways, then scenario 2 will most likely play out.
If there's a selloff, then scenario 1.
As for the rest of today, let's continue to buy :)
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
sp500anyone else get that nice bottom buy bounce?
support from trend line break objective, a fib extension zone and the 61.8% fib retracement all coming together.
ES1/SP500 Elliott impulse wave count.Have we reached top of wave 3? Or are we already at wave 5, looking for an ABC correction?
The S&P 500 Over-extended monthly updateI feel it is my duty to take a general picture of the situation regarding the most important financial market in the world, the American one.
The S&P 500, after the 2008 crisis recovered in 2013, then began a real climb interrupted by some "jolts", especially the recent -30% during the first wave of the virus.
However, if we analyze the monthly chart, from 1998 to today, it is very clear that something has gotten out of hand.
The market is extremely over-extended, with + 180% from May 2013 to today.
I was hoping that this summer 2021 had brought a reversal, even a heavy one, ideally, it would have been perfect to return to the pre-pandemic level, and then "prepare" for a fruitful Christmas rally.
So it did not happen.
The market continued to rise, drugged by the FED and liquidity injections, delaying a tapering that would have served, 2 or 3 months ago.
Far be it from me to be catastrophic, but as far as stock investing is concerned, I think the elastic is really too, too, too tight.
The pullback could be more violent than you think, which is why, in addition to cryptocurrencies and commodities, I invest only and exclusively on the shares that I want to keep in my portfolio for the long term, mediating downwards and waiting for "good opportunities" to come.
And next week, after yesterday's statement by the FED, sales could begin.
September is going to be a difficult month in my opinion and it is physiological and also necessary that it be. If not, let's get ready for autumn dominated by uncertainty.
Much better a tear, violent and as fast as possible.
The pullback is absolutely necessary.
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
BEWARE OF STRONG BEARISH SIGNALS - S&P 500 - DAILYThank you for the like and comments, really appreciated! This is an idea not a financial advice.
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The chart highlights every time when volumes and candlesticks signals a strong selling force but the chart went the other way around continuing to grow indefinitely following a safe 45 degrees angle.
The red line indicates a potential psychological level passed. It could be used as a probable level for a market return
SP500 Monthly Chart ShortHi All
SP500 is super high at the moment, since 2021 started we didn't see some big down move since the FED is pump support.
All my tools show me that this month need to end a Red Monthly candle or at least be the last small blue, I add this trade since it's a safe one that can hold a sneak attack if come, you can split your positions to short every 16 points of an up move (X9 pending orders) and take profit when falling 64 points, close only 70% and let the 30% run to take profit 1+2.
Or keep it simple and just do like the photo show.
Trade small size so you don't risk too much, this is my idea anyway.
S&P500: Cooling Off Period! 🥶🥶🥶It is almost over with the S&P’s great run. Our expectation centers around the view that there will be a corrective movement coming it at around 4558 points. Once the course drops to around 4452 points, there will be new opportunities to enter the market.
Happy weekend!
S&P 500 major breakout levelS&P 500 on major breakout level Of it break the level it will go up and will make new or it go down again If it sustained on above breakout level it will make boom.
