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SPX-500

SPX Analysis by Deno Trading: Key Levels to Watch ForMy Take: Looking at the 4-hour chart of the S&P 500 Index, it's clear that we're approaching a critical juncture. The price recently rallied up to the $5,620 - $5,630 resistance zone, which has been a significant barrier in the past. However, this level has proven to be tough for the bulls to break through, and we're now seeing signs of potential exhaustion. Key Levels: Resistance: $5,620 - $5,630: This is the zone where the price is currently facing resistance. It’s a crucial area to watch because a failure to break above it could result in a pullback. Support: $5,480 - $5,440: If we see a rejection from the current resistance, I'm expecting the price to retrace towards this support zone. This area has acted as a strong floor in the past, and it's likely where buyers might step in again. Trendline Support: The upward trendline, originating from the lows earlier this year, is still intact. This trendline could provide additional support around the $5,280 level if the price breaks through the aforementioned support zone. Expectations: Pullback Potential: Given the current price action, I wouldn’t be surprised to see a pullback from this resistance zone. The first area I'll be watching for potential support is the $5,480 - $5,440 zone. A break below this could bring us down to test the trendline around $5,280. Continuation of the Uptrend: If the bulls manage to push through the $5,620 - $5,630 resistance zone, we could see a continuation of the uptrend with a possible target towards $5,700 and beyond. But for now, I’m leaning towards the possibility of a short-term pullback before any further upside. Final Thoughts: Right now, I’m closely watching how the price reacts around this resistance zone. A pullback could offer a good buying opportunity, especially if it holds above the $5,480 - $5,440 support area. On the other hand, a strong breakout above $5,630 would signal that the bulls are in control and could push the market to new highs. This is a video coverage of an analysis that I did yesterday. Stay Positive!
SP:SPX
by Deno_Trading
P2P | SPX - Mark upHey there trading family, just wanted to drop a few transparent pieces relating to any recent posts about #DXY. As I mentioned, I am overall bullish on the #dollarindex due to numerous reasons I explained in the videos. This mark up on SPX was on of the chart ideas I had from this previous week and my long term analysis was correct! So going over this trade, I'm simply using opposing forces combined with some #smt #ict knowledge of time and price (for the most part) and forming an idea around what SPX could proceed with next week. Now for the record I don't normally trade SPX so this was a step out of my comfort zone. I wanted to post it to show that, becoming a great you must accept loses, so in my mind I'm already thinking "this could go horribly right or beautifully wrong" lol but either way I'm okay with the risk so I would be okay with the trade. In conclusion I believe we will see SPX continue to fall but only in correlation to the dollar index. This mark up is more set on a long term Q by Q play so I will update the trade periodically! & No more disclaimers, I expect everyone who follows the channel to be wise enough and financially competent to trade at their own risk. Love yall, trade well, and make it your mission to put the work in all 2023!
SP:SPXLong
by Pips2Porsches
S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish DropTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4168.50 Pivot: 4072.75 Support: 3915.00 Preferred case: Looking at the H4 chart, my overall bias for SPXis bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Expecting price to drop towards the support at 3915.00, which is the overlap support. Alternative scenario: Price could head back up towards the resistance at 4168.50, where the recent high is. Fundamentals: There are no major news.
CME_MINI:ES1!Short
by Genesiv
S&P 500 Futures ( ES1! ), H4 Potential for Bearish DropTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4168.50 Pivot: 4104.00 Support: 3915.00 Preferred case: Looking at the H4 chart, my overall bias for SPXis bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Expecting price to drop towards the support at 3915.00, which is the overlap support. Alternative scenario: Price could head back up towards the resistance at 4168.50, where the recent high is. Fundamentals: There are no major news.
CME_MINI:ES1!Short
by Genesiv
SPX Potential for bullish rise to recent highLooking at the H4 chart, my overall bias for SPX is bullish with the current price being above the Ichimoku cloud , Looking for a pullback buy entry at 4017.64, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at the overlap support at 3955.19. Take profit will be at 4197.04, where the recent high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:SP500Long
by VantageMarkets
S&P 500 Futures ( ES1! ), H4 Potential for Bullish ContinuationTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 4327.50 Pivot: 4147.75 Support: 4091.75 Preferred case: Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 4327.50, where the previous swing high is. Alternative scenario: Price could head back down to retest the support at 4091.75, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CME_MINI:ES1!Long
by Genesiv
SPX Potential for Bullish Rise towards previous swing highLooking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy stop entry at 4195.44, where the recent high is to ride the bullish momentum Stop loss will be at 4100.51, where the overlap support and 23.6% Fibonacci line is. Take profit will be at 4325.28, where the previous swing high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SP:SPXLong
by VantageMarkets
1
SPX Potential for Bullish Rise towards previous swing highLooking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 4087.14, where the 23.6% Fibonacci line is. Stop loss will be at 4015.39, where the previous overlap support is. Take profit will be at 4325.28, where the previous swing high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SP:SPXLong
by VantageMarkets
2
S&P 500 Futures ( ES1! ), H4 Potential for Bullish ContinuationTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 4208.50 Pivot: 4091.75 Support: 4007.50 Preferred case: Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 4208.50, where the recent swing high is. Alternative scenario: Price could head back down to retest the pivot at 4091.75, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CME_MINI:ES1!Long
by Genesiv
SPX potential for bullish rise towards previous swing highLooking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 4087.14, where the 23.6% Fibonacci line is. Stop loss will be at 4015.39, where the previous overlap support is. Take profit will be at 4325.28, where the previous swing high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SP:SPXLong
by VantageMarkets
1
SPX Potential for Bullish Continuation Looking at the H4 chart, my overall bias for ES1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 4091.75, where the 50% Fibonacci line is. Stop loss will be at 4007.50, where the recent swing low is. Take profit will be at 4180.00, where the previous swing high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CME_MINI:ES1!Long
by VantageMarkets
SPX Potential for Bullish Continuation Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 4027.79, where the 38.2% Fibonacci line is. Stop loss will be at 3948.79, where the recent low is. Take profit will be at 4146.47, where the previous swing high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:SP500Long
by VantageMarkets
1
S&P 500 Futures ( ES1! ), H4 Potential for Bullish ContinuationTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 4180.00 Pivot: 3906.75 Support: 3788.50 Preferred case: Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Expecting price to continue heading towards the resistance at 4180.00, where the previous swing high is. Alternative scenario: Price could head back down to retest the pivot at 3906.75, where the 50% Fibonacci line is. Fundamentals: There are no major news.
CME_MINI:ES1!Long
by Genesiv
SPX Potential for Bullish ContinuationLooking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 4002.25, where the overlap support is. Stop loss will be at 3949.06, where the 61.8% Fibonacci line is. Take profit will be at 4107.31, where the overlap resistance and 78.6% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SP:SPXLong
by VantageMarkets
1
S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish DropTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4037.50 Pivot: 3966.50 Support: 3788.50 Preferred case: Looking at the H4 chart, my overall bias for SPX is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. To add confluence to this bias, price has also broken down and out of the ascending channel. If this bearish momentum continues, expect price to continue heading towards the support at 3788.50, where the previous swing low is. Alternative scenario: Price could head back up to retest the pivot at 3966.50, where the 23.6% Fibonacci line is. Fundamentals: There are no major news.
CME_MINI:ES1!Short
by Genesiv
SPX Potential for Bullish Continuation Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a possible buy entry at 3888.39, where the overlap support and 50% Fibonacci line is. Take profit will be at 4107.31, where the overlap resistance and 78.6% Fibonacci line is. Stop loss will be at 3764.49, where the recent swing low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SP:SPXLong
by VantageMarkets
1
S&P 500 Futures ( ES1! ), H4 Potential for Bearish ContinuationTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 4180.00 Pivot: 3966.50 Support: 3788.50 Preferred case: Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. To add confluence to this bias, price is also moving within an ascending channel. If this bullish momentum continues, expect price to continue heading towards the resistance at 4180.00, where the previous swing high is. Alternative scenario: Price could head back down to retest the pivot at 3966.50, slightly above where the 38.2% Fibonacci line is Fundamentals: There are no major news.
CME_MINI:ES1!Long
by Genesiv
SPX Potential for Bullish Continuation Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 3922.13, where the 50% Fibonacci line is. Stop loss will be at 3764.49, where the 50% Fibonacci line and recent swing low is. Take profit will be at 4107.31, where the 78.6% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SP:SPXLong
by VantageMarkets
1
SPX Potential for Bullish Rise | 16th January 2023Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 3950.57, where the 23.6% Fibonacci line is. Stop loss will be at 3764.49, where the recent swing low is. Take profit will be at 4325.28, where the previous swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website 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 interest 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 on the website.
SP:SPXLong
by Rockqet
SPX Potential for Bullish Continuation Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 3922.13, where the 50% Fibonacci line is. Stop loss will be at 3764.49, where the 50% Fibonacci line and recent swing low is. Take profit will be at 4107.31, where the 78.6% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SP:SPXLong
by VantageMarkets
SPX Potential for Bullish Rise | 13th January 2023Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 3997.76, to ride the bullish momentum. Stop loss will be at 3764.49, where the recent swing low is. Take profit will be at 4325.28, where the previous swing high and 161.8% Fibonacci extension line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website 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 interest 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 on the website.
SP:SPXLong
by Rockqet