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Sp500signals

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!
VANTAGE:SP500
by CryptoSanders9563
1
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.
CBOE:SPXLong
by signalmastermind
New Top, Old Resistance: Mixed News Question Bullish SupertrendNew Top, Old Resistance: Mixed News Question Bullish Supertrend Dear Esteemed Traders, TECHNICAL ANALYTICS Zooming out on the chart, ES hit a level that might be a resistance since January 2022, formed by a previous top. Historic tops often act as a resistance. Alone this would be a weak indication, but the price managed to hit that level at the same time when it also met the rising resistance from historic bottoms. See the red line on the chart. I can observe double bearish signals on a bullish super trend, in which the price seems to have crossed down together with the EMAs in the previous month. I wouldn't call super trend bearish yet, but the so far strong bullishness of it became questionable. MACD made a bearish cross and made a journey towards the bearish side of the indicator below the price chart. RSI went extremely negative after an extended period spent in the upper half of the indicator. It means that ES might have been overbought, and the market signals the start of a correction to this overboughtness. The possible correction move paired with a volume that matches the buy volume candles of the mentioned rally. This volume profile further powers the idea that the people who have been buying ES since October might feel the level to take profit on their investments. The Money Flow Index (MFI) at the bottom and Bull-Bear Power (BBP) above it share the bearish view. BBP isn't too bearish, but it's been showing a weakening bullish power since December. Finally, the $4736 support seems to be holding up the market from crashing. If the support breaks, the price can fall to the next support. I observed a support of around $4600. These are the analytics, I found, but let's consider news trading. NEWS The Federal Reserve has signaled its intention to raise interest rates in an effort to combat inflation. This could weigh on stocks, as higher interest rates can make borrowing more expensive for businesses and consumers. Recent economic data has been mixed, with some indicators showing signs of slowing growth. This could raise concerns about the health of the economy and further dampen investor sentiment. Earnings season is underway, and some companies have reported disappointing results. This could lead investors to expect lower earnings growth overall, which could put downward pressure on stock prices. In total, I wouldn't call ES straight bearish, but I claim the bullish trend to weaken and I'm looking for shorts below the $4736 support line. Greetings, Ely
CME_MINI:ES1!Short
by Elysian_Mind
S&P500 Hello Traders! Today I am focusing on the S&P500's next move and considering that we are approaching the Christmas period and that I am expecting a year-end bullrun towards 4700 I believe that at the moment the index could retrace towards 4525 with a maximum extension towards 4485 to load some long positions at better prices and then restart towards the highs. Targets are determined by fibonacci's retracement, let us consider the period of the extension of the last restart until exhaustion. Targets are the levels between 4525-4485. Thanks.
CAPITALCOM:US500Short
by IllyrianTrader
S&P500 - Long; For now ...This naturally rimes with the Nasdaq signals and with the overall global equities outlook. Here, two opposing forces are the most significant factor; 1) The unfolding (and enduring!) USD strength - Downward pressure ; 2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure . Driven by the rapidly unraveling globalization (driven by a Europe which the US decided to turn into a bonfire that is now clearly visible from Alpha-Centauri, and a China which is dying of old age as the demographic apocalypse is hitting hard this year - 2023), these fundamental forces will likely make this year one for the records - especially when it comes index (equities) trading. Many, many trading opportunities to be expected, throughout this year, probably far more than in other periods. Laissez le bon temp roule!! ...
CME_MINI:ES1!Long
by Nemo_Confidat
8
S&P 500 Pushing to 6,000 after Wedge BreakFalling Wedge has formed with the S&P 500 since 1 July 2021. We then recently had a breakout above 3,991 which confirmed upside to come. With the strong Engulfing up candles, we can expect the price to soar in the next few weeks. That is if the trend does hold and doesn't cause a fakeout. Price>200 RSI>50 My first target is at 6,000. SMC Below the Falling Wedge, there is a clear sign of Sell Side Liquidity. This is where Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. This causes the price to rocket up each time it touches this Order Block. Now we'll need a strong catalyst for upside to continue. I am rooting for this one...
SP:SPXLong
by Timonrosso