Sp500long
SP500: Free Climbing 🧗♀️🧗♀️🧗♀️The S&P500 has gone totally crazy and is pushing for new all-time highs over, and over again. In an attempt to climb on new tops, the index leaves us all gazing at its performance in awe. For us, the recent increase does not come by surprise and we are expecting the index to increase up to an area of around 4147 points. There, a correction should pull us down a bit. After that, we expect further all-time highs.
Happy trading!
SPX500 further rise.SPX500 further rise. In my previous analyzes, I indicated that I expect a further rise in the price movement of the SP500. This is primarily based on the recognition that two fractals could be identified on the chart. Both fractals are accumulation fractals. What is interesting is that they move in an ascending band. Therefore, wave sequences valid for accumulation motion can be used. The ATR axis (purple dashed line) is also visible. The second fractal is clearly ascending. This means that the ATR value measured behind the price movement is constantly increasing. This can be an upward force in price movements. Although it should be noted that for the time being, the ascent rate of the SP500 is declining. This causes divergence in other indicators, such as RSI indicators. But in my opinion, this can be misleading because now price movement can step up from an accumulation band, which can override the false divergence picture. That’s why I’m definitely in a long position. Target price: 4353usd
SP500 Long. SP500 – price is now above the 3960 level a key level for me to be Long above However I will need to see further Bullish Momentum; looking for a cycle above to ‘confirm’ buying as we have seen what price has done at this level before – However can intraday trade the strength as it may move higher.
Fundamentally, we are seasonally bullish this period - The weighted average dips and moves higher at the start of April till July and historically we move higher alongside it.
SP500 Long. SP500 – price is now above the 3960 level a key level for me to be Long above However I will need to see further Bullish Momentum; looking for a cycle above to ‘confirm’ buying as we have seen what price has done at this level before – However can intraday trade the strength as it may move higher.
Fundamentally, we are seasonally bullish this period - The weighted average dips and moves higher at the start of April till July and historically we move higher alongside it.
S&P500 + BTC: ready for a new ATH!To understand if the BTC pump is holding we look at the S&P500 which is also looking bullish!
Check the chart for the M and W patterns and targets + check the chart linked below for BTC targets.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
US 500 UPDATE.. As predicted on the 11th, S&P IS GONNA FIGHT ITS WAY THRU THE CURRENT RESISTANCE AREA AROUND $3985.
IF price can breakout of this restricted area it could reach 4035 before any sight of resistance will be near.
SP500 will break above again? 🦐SP500 is moving inside a descending channel in a retracement move.
Even if the market looks extremely overbought on the big picture the bulls seem to hold the present level.
According to PLancton's strategy if the price will break above we can set a nice long order.
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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.
10 yrIH&S pattern broke up the 200 weekly ema. Bond yields will most likely be testing around 1.66% and as long as the markets stay up I think we will enter a blow off top.
I can see 1.66% on the 10 yr or maybe even higher with sp500 making a monster run blow off top to 4200 plus B4 any larger correction.
S&P500 Long SetupSPX500 Long Setup
🔵 Entry: $3,911.9
🟢 TP & RR: $3,954.0 (2.48)
⛔ Stop Loss: $3,894.9
REASONS FOR THE TRADE
✔️ Market Flow Indicator went green
✔️ Trade in direction of the trend
📝 Not much to analyse here aside that it's a trade based on my system. With that being said the price may drop down to the support level, where I will be looking to open a long order again.
S&P500 Long SetupSPX500 Long Setup
🔵 Entry: $3,868.7
🟢 TP & RR: $3,3936.1 (3.05)
⛔ Stop Loss: $3,846.6
REASONS FOR THE TRADE
✔️ Resistance turned into Support
✔️ Market Flow Indicator Oversold
📝 Stop Loss is a bit close, so feel free to adjust it. If we break down from that level I will be looking to open a short order.
SP 500 JUST CLOSED OVER DECADES LONG FIBONACCI LINEHEAVY RESISTANCE AT 3846.75, A FIBONACCI PATTERN DATING BACK TO THE DOT-COM AND GREAT FINANCIAL CRISIS ERA. THE FEDERAL RESERVE IS CLEARLY PUMPING ENOUGH MONEY INTO THE SYSTEM TO GET US BACK OVER THAT TREND LINE, AND DEPENDING ON HOW IT IS DRAWN, IT SEEMS WE HAVE JUST HAD THE BREAKOUT OF A DECADE. NEW BULL MARKET INTACT? FOLLOW PRICE, NOT YOUR EMOTIONS...
S&P 500 Long PositionS&P 500 Long Trade
Entry: $3,807.4
TP & RR: $3,871.4 (2.29)
Stop Loss: $3,779.5
REASONS FOR THE TRADE
Building upon yesterday's SPX500 trade on which we got stopped out, I am once again trying to catch a bounce up from the lower trendline in a channel.
This time the SL is set much lower and I am not a big fan of having such a wide distance, but I don't want to get stopped again.
S&P 500 Ascending Channel - Long SetupS&P 500 Ascending Channel - Long Position
Entry: $3,795.3
TP & RR: $3,873.6 (3.26)
Stop Loss: $3,771.3
REASONS FOR THE TRADE
I believe the price will respect the lower trendline in this ascending channel and will continue trending up. Initially, we had the order at a lower level, but it seemed that we wouldn't get a fill, so we trialed it up.
Needless to say, if the price breaks through it, I am expecting a fairly sharp drop and will be looking for a short position. The current entry is at a support level, which while being a bit conservative, gives us a good RR with the SL far enough and with enough room for the trade to breathe. If the price dives down or does something unexpected, we will close the order prematurely.
S&P 500 Channel - Long OrderSPX500 Long Position
Entry: $3,772.9
TP & RR: $3,849.1 (2.92)
Stop Loss: $3,746.8
REASONS FOR THE TRADE
SPX500 has formed an ascending channel, so I am looking to open a long order at the lower trendline. In addition to bouncing off the trendline, I also want to see a divergence in the Market Flow indicator, which will signal a potential reversal. In any case, I will be carefully examining this level, because I will not be too surprised if the price breaks through it and makes a sharp drop.
Stop Loss is relatively close here, but the entry is also fairly conservative. To get filled, the price should make a small drop and then gradually start going up. If it does touch the trendline above my entry I will examine the situation and might open a long there with a SL just under the lower trendline.
S&P 500 Index Long SetupSPX500 LONG SETUP IDEA
Entry: $3,715.9
Stop Loss: $3,680.5
TP Levels and RR: $3,784.4 (1.94)
REASONS FOR THE TRADE
I know that I am posting this with a bit of hindsight, but by the time I opened my order and came back to do the analysis the price has already gone up. Anyway, I am posting this in case there's a small retracement and you decide to jump on board.
The indicator Trend Volume RSI Analysis shows a clear divergence in the volume and you can also see the buying and selling distribution in the Multi Time Frame Effective Volume Profile below. I have also applied a Fib Retracement to this ascending triangle, which indicates that the take profit should occur somewhere near the potential resistance.
The SL level is put at a level far enough from the trend line. You can be slightly more aggressive here and move the SL up, which would significantly improve your RR Ratio. Generally speaking, breaking down this trendline would invalidate the setup, so if you have taken that particular trade you may close your position before hitting the SL.
Target Yearly R2SP500 is very likely to shoot to yearly R2, where we will see major reaction or a big stall.
Price is in strong bullush momentum (missed monthly pivot). It is liekly to test new monthly pivot or monthly TC at least (both form in less then 1 day) in January.
FOR EDUCATIONAL PURPOSES ONLY