SPX clear breakout targets 4400-4500Hello, everyone.
My previous idea a week ago had a bearish outlook on SPX.
However things have changed, as we now have a clearly defined outbreak in the RSI.
The target range now is 4400-4500.
Depending on how the market opens on Tuesday. I may open long position.
Good luck everyone.
Stay safe, stay liquid.
Sp500long
Simple ABC correction idea for SP500Sharing a simple yet very visual idea of what could be happening with SP500 in terms of Eliott Wave.
We would be in an ABC correction, A finished, B in course, near to its end, C to happen in the future.
In the end, uptrend.
So short term, LONG for a little while, might end anytime soon.
Medium term, further correction (SHORT).
Long term, LONG.
S&P500 wants to go up!In my last analyses about the SPX , I spoke about a bottom of the index. The price was in the process of breaking the resistance when I created that post.
De deciding factor was whether we could create new support out of old resistance, which is happening right now.
First, the lower part of the zone was touched and made the price bounce. Now, we're witnissing the upper part of the zone being turned into support. Once this process has finished, the new uptrend can officially begin.
BOOK of SAMUEL: DAVID V GOLIATHWow! This is a first for me, in such a large timeframe. Looking at both patterns forming. The larger head & shoulders pattern may take precedence, as it is generally considered to be a more significant pattern. If the H&S pattern is confirmed, it would suggest that the uptrend is ending and that a downtrend may be beginning. However, if the Inverted H&S pattern is also confirmed, it could indicate that the trend is changing and that an uptrend is beginning.
SP500A wonderful investment opportunity to buy the SP500 with the breach of the side channel shown in the analysis, as well as the breach of the bearish trend and a positive candle indicating that buyers entered the market in a positive way. Please be patient with the deal. Good profits. My friends, traders.
S&P500: Don't push it 🚫The S&P500 is currently wandering sideways and doesn't really know, where it's heading. We're currently expecting the course to sink further South, but there is a slight temptation to cross the resistance line at 4026 points. In our alternative scenario with a probability of 30%, the course could dig a bit deeper to finish the pink wave alt. II, before exceeding the resistance mark at 4026 points for good. Primarily, the S&P500 should fall below the support line at 3788 points to complete the blue wave . Once achieved, we're predicting steady upwards pulses in the longterm.
SPX Fair Value Ranges - SPX ES1! SPY - Updated 121722Here is a chart that calculates SPX "Fair Value", based off FED Net Liquidity variables. SPY ES1!
Looking to the end of the year 2022 and the start of 2023, here are some SPX target ranges to keep in mind when taking into account the current FED Net Liquidity:
Upper Bound: $4,271.69
Fair Value: $3,921.69
Lower Bound: $3,771.69
If you want a copy of this chart, here is the link to make a copy: 📊👇🏼
SPX Fair Value (FED Net Liquidity)
www.tradingview.com
SPX Net Liquidity Band Indicator via @dharmatechnology8:
www.tradingview.com
Waiting patiently for pullback to area of confluence (circle)Technical analysis:
Price is trading close to the diagonal red channel resistance for quite a while.
Green diagonal + horizontal support areas are crossing, forming a possible long entry at the blue circle.
Yellow cloud is the prediction.
Thin green horizontal line forms a lower support as a possible stop loss.
Fundamental analysis:
A quick research about the nature of indicies reveals that "sToNkS aLwAyS gO uP" (in the long term)
However, rising global tensions support the idea of a nice pullback to previous highs, before price resumes to the main uptrend.
But one should not expect a sudden rise after the pullback(as drawn with the yellow cloud) due to unknown severity of nuclear winter (which on the other hand could be counterbalanced by global warming due to massive C02 release caused by the burning metropoles)
SP500 showing major bull run to 4,410 with 1 MAJOR obstacleThe SP500 has formed a Cup and Handle and another bigger Cup and Handle in the Daily chart.
The price has broken up and out of it and the Moving Averages are all looking good giving the first target of 44,100.
The big BUTT!
Is that there has been a massive downtrend since 23 December 2021, which the price will have to overcome.
The price action is showing bullishness and I hope to science that the price breaks up and out of the downtrend range.
this will dish us up a nice Santa Claus rally. And bias wise I am long 13 stocks at the moment :P
Bullish technical conditions S&P 500 Index
Technical conditions: The +5.7% price jump on November 10th could be viewed by technical analysis as a “Flag pole” since the recent seven day price consolidation (daily chart) suggests a “textbook” bull flag continuation pattern is forming. The bullish theme seems to be holding with higher tops and lower bottoms on price since finding support at the October 13th lows near 3,489. Current price 4,005 with resistance (1) spotted near the November 15th highs around 4,050 and resistance (2) near 4,100 (round number). Therefore, from a technical view, long positions could be supported for the short term (5-25 days) provided price can remain above the 3,865 support for upside potential at 4,050 and 4,100 in extension.
S&P 500 Chart Analysis....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
S&P 500 Daily Analysis with ICT Concepts After performing a Market Structure Shift on Daily, S&P 500 long Swing Target is $4355 🎯
This is in confluence with Weekly FVG and Optimal Trade Entry (0.618-0.7 fibs) for the Short Idea
1. Long to $4355
2. Short from $4355 to mid range $3915 and lower
Good Luck 🍀