Get started

Sp500index

💾 SPX Conquers Another Resistance, Bulls Strong, EW TheoryThis level here marked orange, 3971, is important for the SPX based on multiple indicators and we see a close above it; this is good for the bulls. A rising window/gap, was left from 10 to 11 January which is a bullish development but at the same time these gaps tend to filled we just don't know when. So the bias is up, upwards, strong but there can be a sudden shakeout or retrace at some point. The more probable scenario though is that the SPX continues with its bullish move and this gap is filled when the main correction comes by the 1st of February. The correction will happen when the FED announces their next rate hike. We have all the way until January 31/February 1st to gradually rising prices. One final note. Between today and the 22nd of January there can be some uncertainty at some point... If this uncertainty makes itself clear, stay in the knowing that the end goal will remain up. I am wishing you a lovely weekend ahead. If you are one of the dying bears, do not worry, the market works in cycles and this meant to happen... At one point people will become complacent on the way up, they will become over-confident and then the market turns. There is never straight down nor straight up... More like Elliot's Wave Theory and Nature's Law... 5 steps forward, 3 steps back. 5 The impulse, can be up or down. 3 The correction, can be up or down. Sorry... I got carried away. Namaste.
SP:SPXLong
by AlanSantana
2
S&P500 - Pt.3 Capricious indexIn our first post we explained how we believe the sp500 index will complete the bearish wolf wave at 3600, either completing a wave B of an ABC to the upside correcting the whole 2022 downtrend or in a wave 3 of (C) to make a lower low. We were stopped out from the first trade losing 1% of equity, so according to our trading rules we can only risk up to 0.5% in the short trade we are going to place around 4000. The invalidation level is the previous high of 4136.8.
UShort
by GMR-Capital
SPX Model Trading Plans for THU. 01/12Inflation Numbers Good, but Not Great The CPI numbers and Initial Jobless Claims this morning have not really provided any directional thrust other than a huge whipsaw. As of nearly one hour into the release, there is really no directional catalyst on the radar for today. Our models indicate choppy trading while the index is between the broader range of 3900-3965 on a daily close basis, with a mildly bullish bias while above 3965 but below 4002. The index has to clear 4002 for the bullish bias to settle in. In our trading plans published yesterday, Monday, 01/09, we stated: "The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg". This range is still in effect for today's session. Positional Trading Models: Our positional trading models are currently flat and indicate staying flat until otherwise indicated. By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session. Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today. Trading Plans for THU. 01/12: Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4002, 3987, 3965, 3953, or 3936 with a 9-point trailing stop, and going short on a break below 3997, 3961, or 3930 with a 9-point trailing stop.  Models indicate no explicit long exits, and short exits on a cross above 3903 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:41 am ET or later. By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention). To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals. (WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)  NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #cpi
SP:SPX
by TradersAIDotCom
BTC BREAKDOWNIf everything goes as I expect down on the chart where the arrow is pointing in that candle we will see on the 30 minute chart a big increase in volume, on the price chart we also want to see a big black candle ending somewhere around $16975 which will look right into the SHORT for retail and we can go straight up, if there volume will not be downward but instead shoot up I would expect there to be somewhere close to the high of the trend which may change with the results of inflation on Thursday
Long
by Crypto-Frantisek
SP500 Pt.1- Still more downside Good Morning! In this first post on the SP500 we will do a breakdown of the situation and our current views on this index. We are in a downtrend from Jan 4 's top of 4821. During this downtrend, we can see price created an head and shoulders pattern to the downside, and then get rejected twice into the big volume cluster. According to our main scenario, this cycle corrective move is still about to complete and we need to finish primary wave (C) In our alternative count, the first corrective leg concluded at 3491 and we are correcting all the downside move with an ABC to the upside. In both cases, the count will agree with the price action: either it is a B of an ABC to the upside or a wave 3 of (C), the price got rejected at the volume cluster after creating a bearish wolfe wave pattern, and then gave us an impulse to the downside with a corrective move up to the 50% retracement: we therefore believe that the price will complete this pattern with another impulsive move to the downside. We are therefore short on the index, targeting the wolfe wave target around 3600, that will be consistent with both the counts cited. Our stop loss is our entry price 3940.3. We want to play it safe, since Powell is about to speak and big volatility is expected. We will update on this trade and our next analysis! W GMR
UShort
by GMR-Capital
2
SP500 on false breakout 🦐SP500 on the 4h chart started the week with an uptrend move. The market after a distribution phase tested the previous support now turned resistance and took the liquidity with a false breakout of the area. The price after the rejection move to the top level of the distribution box and a possible bearish continuation can be seen. How can u approach this scenario? I will wait for the European market open and IF the price will break below we can set a nice short order according to the Plancton's strategy rules. –––– 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.
OANDA:SPX500USD
by InkyGrip
8
Our 2023 Outlook - S&P500 🔮Happy New Year traders from the team at AlgoBuddy! 🎇 2022 was a big and exciting year for us. We recently released the latest version of AlgoBuddy's flagship indicators; AlgoBuddy Premium 2.0 & AlgoBuddy Momentum, along with an ETH 30m strategy bot. 🔥 Our goal here is to always deliver helpful & actionable tools for traders to add to their trading tool belts. We'll also continue to release more tutorials and trade ideas every single week. Enough about us, let’s dive right in… 2022 was a year to remember for US equities. Bears clearly took control, as we had a strong down trend bear alert early in the year from AlgoBuddy. We had a few bear market rallies that every trader had to navigate through carefully. Managing capital, and not jumping too quick on to the bull train would have allowed you to survive. By end of year 2022, bears couldn't take us below 2021's low as the bulls defended it nicely (~3860). This is a major level that if we test again will likely fail. As of right now and moving forward, it feels that since inflation is still high, and the fed hasn't taken its foot off the breaks on the economy (interest rates), any rally is still a bear market one for me. We will continue to lean into the bear trend as seen on our weekly chart until we receive a bull alert. Even when the bull alert prints I fully expect price to capitulate and test our thick ribbon at least 2x before finding a base to rally. We recently got a divergence bullish signal on our momentum indicator so we will watch closely. I must see the fed step in and assist economic growth before I jump onto the bull train, even if I'm late to the party I can live with that. Until then, Algobuddy's S&P 2023 outlook is bearish on the weekly for at least end of Q1 2023. We will trade small on short term longs keeping stops tight, and we will jump easier on our shorter time-frame bear alerts for now until the trend changes. Good luck all, as always reach out to us for any questions/help/support. Happy trading, AlgoBuddy Team
SP:SPX
by QuantVue
4
SPX Broke bullish Now What?In the last SPX post, I started to doubt my bearish scenario of the index, by saying that the price looks bullish on the short term. Now that we've seen a short term pump to the resistance, I wanted to give an update. Right now, the upper level of the resistance zone has been touched. This begs the question: Are we going to see a break of this resistance zone. If that happens, I find it extremely likely that the resistance of the channel will break aswell. However, since we're at a resistance level, we have to be cautious about the following events. Right now i'll switch from bullish to neutral, because I want to see whats going to happen next.
SP:SPX
by FetchTeam
1
Update on current top and next bottomFollowing up on last week. Analysis said the short-term top would be 4 days according to most models. Outside chance of 9 or 11 days too. We never convincingly went down yet. The current top would be B's 9th full trading day. This would mean the CPI report may not be positive for the market as applied to the last analysis. We still need a drop of some days. A longer B would make the final C down even longer than the first projection. I don't think we bottom before CPI. This also means we must break below the original end of wave A which was 3764. We could lose 200 points this week I have plotted the Minor waves (yellow letters) inside of Intermediate B as I see them in this moment, however Minor wave C looks short at one day long (if it is indeed over). Based on historical data for waves ending in BBC I plotted the quartile movement extensions for Minor wave C based on the data in Minor wave A. The median historical movement would put the top around 3903.038 and the third quartile would be 3909.768. The current top from January 6 is between those two levels. Additionally, the potential lengths have strong agreement at 4 days, second most is 2 & 3 days, third most is 5 days, and then 1 day. The majority of models are pointing to another possible high early in the week, but based on the large movement from last Friday, Minor wave C and Intermediate B could be over. Time to clarify Intermediate wave C and the end of Primary wave B. The original levels are all still valid. My narrow call for a bottom is between 3625-3675. The only new variable to consider is the length of Intermediate wave C. Based on waves ending in 2BBC, Intermediate wave C could now last 6, 11, 18, or 26 days. Based on waves ending in BBC, the most models agree on a length of 6, 12, or 18 days. Second most is 5 days, and third most is 7-11 days long. Based on a broader dataset for waves ending in BC, most models agree on 5 and 15 days. Second ties at 12 and 18 days. Third is 4, 6 and 9 days. Fourth is 21 and 22 days. Next is 8, 10, 13, 14, 16, and 24 days. My original projection from last month was a bottom around January 25 which is 12 trading days. January 19 would be 8 days, and January 17 is 6 days. Compared to the volatility we have been experiencing and have the CPI report likely to play some roll in the drop, 12 days seem too long. With 6-8 days found as a favorite in the models, I will plan for seven days long for now. VERDICT: I am short in the short-term (to January 18), long in the medium-term (Summer 2023), and short in the longer-term (1st quarter 2025). For the bottom pending more data it is possibly around January 18 below 3650.
SP:SPXShort
by StockSignaler
2
SP500 headed higherSP500 appears to be headed higher. The most widely used indicators MACD, RSI and 5/20 EMA are showing bullish. Most important is the RSI, a bullish signal formed when the RSI stayed within a tight range below the 50 than retraced above the 50 level. Same time the MACD signal went positive Breakout of range Above anchored VWAP from the low RSI above 50 Anyone's guess how much higher it can go, but with current analysis, I see the previous highly range being tested.
CME_MINI:ES1!Long
by RKchartest
💾 S&P 500 Index UpdateWe will keep it short, sweet and simple. First, the FED for whatever reason will decide to stop tightening sooner than expected or will decide to make much smaller rate hikes... For whatever reason; better for us. The SPX will move up as you see the green arrow and break the orange trendline... Not necessarily right away or maybe right away... Bottom line is we go big green by the end of the month. Everything will start to accelerate after half January and pick up speed after the third week of the month. I love you! Namaste.
SP:SPXLong
by AlanSantana
17