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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 MasterAnanda
17
I could be wrong but..Just an idea, I definitely could be wrong. everybody is talking about a 2023 recession but the sp 500 has closed 3 weeks in a row near the high of the week. Sure its in a range but 3 bullish hammer candles in a row on the weekly chart? there must be some sort of institutional buying at the 3800 level because every time we go there I see a bounce back up. I feel that a possibility that would be the against the crowd is a strong move up on equities. I feel that a move lower is kind of expected, its the consensus and as we know the market moves against the crowd most of the time. I do believe we are heading lower at some point this year but keep you guard up for a strong move up to flush out the shorts followed by a move down when its least expected. from a trading perspective I will only be bullish above 4100. i feel the likely scenario is a pop to 4050 followed by a strong move down let me know your thoughts in the comments below I do respond to all comments. have a fantastic weekend :)
PEPPERSTONE:US500
by Kyle_Campbell
SP500 waiting for the NFP 🦐SP500 on the 4h chart is trading between 2 structures and today's release of the NFP data can show us some break of those levels. The main outlook remains bearish at the moment and it can be risky to trade this kind of event on the last trading day of the week. How can i approach this scenario? I will wait for a break of the support area and if that will happen i will be looking for 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
2
SPX - What are they not telling us about the Interest Rate?Hello Traders and Investors. I hope you are doing well. In front of you you can see the SPX (S&P 500) chart and in white is the U.S. interest rate chart. Everyone is screaming that interest rate hikes are causing markets to fall, and there is certainly some truth to that, but just look at history. Why are we being lied to? Look closely, this is not something that bloggers who draw lines and figures on the chart show you. Raising the rate used to drive the price up, lowering the rate to drive the markets down. If the rate didn't change, the price went up. Now the interest rate goes up and the markets are in a downward movement. Where is the correlation they are talking about? The year 2023 will be the year the markets recover! Bitcoin is an asset that will bring +200% - 300% this year. All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
SP:SPX
by Yaroslav_Krasko
3