$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.
Sp500index
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!
WEEKLY FOREX FORECAST July 15-19th: DXY OIL INDICES GOLD SILVERThis is Part 1 of the Weekly Forex Forecast JuLY 15 - 19th
In this video, we will cover:
USD Index, S&P500 NASDAQ GOLD SILVER US OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Bitcoin vs SP500Cryptocurrencies are experiencing a deep pullback, with BTC now in the 50k-55k zone. Good Elliottwave correction from the top so far, so I think there can be more upside. But, but, wahts the biggest risk? If stocks pull back, thenn cryptos may struggle to recover.
Historically, it's rare to see cryptos up when stocks are down. Something to keep in mind...
GH
S&P 500 Overbought - Will We See a Dip?The S&P 500 continues its relentless uptrend as we start the second half of the year, but it is notable that the 14-day RSI indicator is at its highest level since 2023. While not a sign of an imminent pullback in and of itself, it does suggest that the short-term risks are tilting to the downside ahead of Fed Chairman Powell's Humphrey-Hawkins Testimony and the US CPI report later this week.
If we do see a near-term dip, the rising trend line and previous-resistance-turned-support at 5500 will be the key support levels to watch.
-MW
WEEKLY FOREX FORECAST: DXY, INDICES, GOLD, SILVER, US OILThis is Part 1 of the Weekly Forex Forecast.
In this video, we will cover:
USD Index, S&P500 NASDAQ DOW JONES GOLD SILVER WTI CRUDE OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
SP500 Bullish setupSP500 looks good enough to try a long here. Main structure is bullish and we can see the same pattern is repeating again. Break of main trendline, retest and pump. I highlited 5.495 as a first resistance area, that i expect to be touched today. Here i think we will see a rejection that will make the price to retrace. Probably around tomorrow we could have a confirmation about a possible reversal that could lead the price to new highs.
ES1! - TIME TO LOOK FOR SHORT ENTRIES OPPORTUNITIES - WEEKLYThank you for the likes, shares and follows. Really appreciate!
_________________________________________________________
This is a zoome out from the latest analysis of the ES1! Mini S&P500 Market.
A little bit adjusted with some interesting points to consider.
in the upper side we potentially won't be surprised in proach futrue see the price rising to $5637.5.
It is time probably to think at holding long short positions as there are some potential lower price point interesting to consider:
- The red horizontal line range area
- And lower there the blue dashed horizontal line
next week candle could probably do the same as this week but in the short side.
Where is the price going and what is the upper side limit? We don't know, we can only make some assumptions based on the technical analysis of the chart.
The issue is that we see that some historicl correlations are not being respected anymore.
S&P500 The structure is completeYes. It's over. Full five waves have been developed to complete all the upside movement from the October 2022 bottom. The S&P500 has now completed 5 waves from October 2022 and has completed 5 waves from March 2009. The market is going to see a very deep and long correction.
SPX500 daily is close to charting a swing low.Friday's candle was a strong blue candle that has potentially charted the lowest low in a three candle cluster. If today's candle closes above Fridays' high then it will be bullish with a potential swing low locked in.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
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.
SP bottom/date scenarioMy crash scenario prepared for the S&P is as follows. My expectation for early 2026 or late 2025 has been like this for the past year. It seems that the Nasdaq, Dow Jones, and S&P have reached the sell zone. I will make my additions only in the area I have identified as the bottom and will hold these investments for approximately 10 years.
SPX500 support needs to be monitoredThe SPX500 is still reeling from the sell-down last Thursday. There is a lower peak followed by a lower trough, but the index is at important support.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
S&P 500 (US500):🔴Bearish or bullish...?!🔴By examining the weekly and 4-hour charts, we can determine the price was heavily pushed down after creating the all-time high.
I am not bearish for the long-term on the S&P500, but for now, I think the price can have a bearish reaction to the bearish breaker block and move down at least till the previous week's low, then we should study the price to find out the next move.
💡Wait for the update!
🗓️27/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Is Now the Right Time to Invest in the S&P 500?Last week, the S&P 500 index, which comprises the 500 largest U.S. companies by market capitalization, reached a new all-time high, hitting $5,341.88 during intraday trading on Thursday, May 23.
Warren Buffett has long recommended an S&P 500 index fund as the ideal investment for those who don't have the time to analyze individual stocks in depth. The recent milestone seems to support his advice. However, with the stock market at a new peak, enthusiasm for AI potentially becoming excessive, and both interest rates and inflation remaining persistently high, is now truly the best time to invest in the S&P 500?
For those wary of the markets, there are numerous reasons to hesitate before buying into stock market averages. The S&P 500, a market-cap weighted index, is heavily influenced by large technology companies that have seen substantial gains recently, buoyed by a bull market that began in October 2022. Several factors have propelled these tech giants to new heights: interest rates seem to have peaked, inflation has dropped from its high of 9.1% in June 2022 to just 3.4% last month, and the surge in artificial intelligence has provided significant momentum.
It's not just Nvidia (NVDA 6.79%) reaching new peaks, with a staggering market cap of $2.6 trillion and a high P/E ratio of 62. Many cloud giants and related semiconductor stocks have also soared, driven by strong growth expectations. But will this growth persist indefinitely? AI investments must ultimately prove their worth to companies and consumers. Currently, companies are spending unprecedented amounts on AI chips and data centers to avoid falling behind. This situation is reminiscent of the dot-com boom in the late 1990s, which led to an epic crash in 2000. The tech-heavy Nasdaq Composite dropped 76.8% from peak to trough, while the S&P 500 fell by 49.1%.
Could the AI bubble burst similarly? AI momentum seems unstoppable, but few predicted the 2000 crash, believing internet hypergrowth would continue indefinitely. A slowdown in growth from an AI company could trigger a significant correction. While this might not happen soon, it’s a possibility.
Additionally, inflation impacts the Federal Reserve's decisions on interest rates, which in turn affect stock valuations and the economy. If inflation remains "sticky" and exceeds expectations, the Fed might keep interest rates higher for longer to meet its 2% target. This scenario poses a risk, as the S&P 500 is currently trading at a historically high valuation of 27.6 times trailing earnings, compared to the historical average of 16.1. If interest rates and inflation surge again, it could be a precarious time to invest in this frothy market.
On the flip side, renowned investor Peter Lynch famously noted, "there is always something to worry about" in the markets. Although the historical average P/E ratio of the S&P 500 is significantly lower than today's, the market has generally traded at a higher P/E ratio in recent years, averaging around 22.5 over the past decade. While this is still below current levels, it is much closer. Additionally, avoiding the stock market over the past ten years due to fears of high valuations would have resulted in missing out on 236% gains, including dividends.
Moreover, the average annual return of the S&P 500 from 1928 through 2023, since the Standard & Poor's index was first developed, is approximately 9.9% with dividends reinvested. Since the index expanded to 500 companies in 1957, the long-term annualized return has been an even better 10.3%. Certainly, there have been critical moments right before significant market crashes when investing would have seemed unwise. However, Ben Carlson, author of the blog A Wealth of Common Sense, highlights in his study that with a long enough time horizon, even investments made at market peaks before major crashes have yielded positive long-term results. Carlson examined hypothetical investments made just before eight of the market's worst crashes, from September 1929 to October 2007, prior to the Great Recession.
Five years later, three of those investments still produced positive results. Ten years out, six of the eight investments were profitable, with three delivering triple-digit gains. Twenty years after investing at these worst possible times, all eight were profitable, with all but the September 1929 investment yielding multi-hundred-percent gains. Prudent investing, however, is not solely about one-time, large investments. By consistently saving a portion of income and dollar-cost averaging into an index fund monthly, it's inevitable to invest before some market peaks but also benefit from subsequent downturns.
Market crashes are notoriously difficult, if not impossible, to predict. History shows that even investments made before the worst market peaks and crashes tend to recover over time, as the earnings of American businesses grow. Conversely, attempting to time the market can be costly, as demonstrated by those who have stayed out of the market for the past decade.
Therefore, the S&P 500 still seems like a wise buy today, even at its elevated valuation, provided there is a consistent investment plan with regular monthly, quarterly, or annual allocations.
S&P 500 Tests 5,300 as Inflation Eases, Fed Policy in FocusThe market remains cautiously optimistic as the S&P 500 tests the 5300 resistance level. The deceleration in inflation is promising, yet the Federal Reserve's future monetary policy remains uncertain. Investors should stay vigilant, monitoring economic data and Fed communications to navigate potential volatility and capitalize on market opportunities.
* S&P 500 at Resistance: The index tests 5,300 amid recent inflation data.
* Inflation Slowdown: Core CPI rose just 0.3% in April, the slowest pace in 3 years. This boosted stocks, with the S&P 500 reaching a new high.
* Fed Policy: The Fed may hold steady on rates in the near term, but a September cut is increasingly likely if inflation continues to moderate.
* Key Upcoming Data: The PCE price index (will released this week) and future inflation reports will be crucial for gauging the Fed's policy stance.
* Market Outlook: Cautious optimism prevails as investors weigh the inflation slowdown and potential Fed actions.
SP500. Weekly trading levels 27 - 31.05.2024During 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.
! Please note that brokers have a difference in quotes, take this into account when trading.
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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