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SPX (S&P 500 Index)

SPX Will Go Higher From Support! Buy! Take a look at our analysis for SPX. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 5,186.63. Considering the today's price action, probabilities will be high to see a movement to 5,319.70. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
SP:SPXLong
by SignalProvider
1
2024-08-05 - priceactiontds - daily update - sp500Good Evening and I hope you are well. Since today was a very special day again, I need to see futures opening later and the Asia session in the morning to give more updates. So only a short one on sp500 and will write more tomorrow morning. comment: 3 days, -8%. This is either due to an event happening right now or a very climactic but short lived selling, which could produce a huge bounce upwards. 5000/5100 were my targets which I was not sure about if we could get there in 2024 but getting there in a couple of days is something special. I do not know the reasons for the selloff and neither do you or anyone else. Don’t fool yourself because random bro on twitter said it’s because of the jpn carry trade or whatever. All we know is that people are running for the exits and we almost had the first limit down day since covid. current market cycle: Bear trend key levels: 5000 - 5300 bull case: Bulls stopped the selling at 5119, which was in the area of the May low. And in between my lower target of 5200 and the most obvious big support 5000. If this is not an event where all technicals are out of the window, a pullback will happen, that’s the nature of markets. Bulls printed a textbook inverted head & shoulders and the target for that is 5420. The 50% pb from the ath to recent low is 5418. I am not saying that we get there tomorrow but bear trends have violent pullbacks and it’s absolutely possible to see that price again. For now bulls should be happy with holding above 5200 and going sideways. Invalidation is below 5100. bear case: Bears produced 3 extremely climactic bear bars on the daily chart and that is unsustainable. Market needs a pullback and everyone knows it. Market touched the 1h 20ema twice today for the first time since Thursday. The bear wedge already broke and market is trying to find a bottom. If bears are strong and this selling is the end of it all, any pullback will be violently sold again and market will probably not see 5350 or higher again. If this is not the end all be all, we get a healthy pullback to form a proper channel, which will lead us to 5000 over the next weeks. That is the reasonable and my preferred path forward. If bears go full panic mode, we see 5000 today and probably a bit lower just to get all stops below, before a bounce. This was most likely leg 2 (W3) of this current bear trend. Invalidation is above 5460. short term: Can’t be bearish at these lows. 5100/5200 will most likely hold and we trade in the given range for some time or see a bigger pullback to 5400ish. medium-long term: Bearish. I gave the 5000 target 3 months ago and we almost got there way earlier than expected. There is a reasonable chance we will see an event unfolding over the next days/weeks. Something breaks during these violent moves and this time will not be different.
CME_MINI:MES1!
by priceactiontds
S&P weekly consolidation in progress; bears prove controlLast week was marked by hectic price action in both directions. Bulls failed to set a daily low for two consecutive days (Monday-Tuesday), which logically led to a strong bearish attack. Then something peculiar happened – the price pivoted near the previous low and went up during the overnight session. The market opened with a huge gap on Wednesday, held the open, and even managed to rally further in the regular session. I can only imagine how many short traders, who had done everything right, suffered from this. This price action also confused many long traders, including myself, by making us believe that the weekly consolidation was coming to an end. But Thursday turned the board 180 degrees again with a psychotic bearish move, wiping out more than 2% of the market value. Again, as with the bullish rally, there was no obvious trigger unless you believe that PMI data could wield such importance. At this point, we have the following disposition: 1. The market is still in a weekly uptrend. Until sellers take down the previous major low (491), nothing changes in this regard. 2. Bears have proved strong control over the weekly timeframe. We should respect this. 3. Bears were also able to start monthly consolidation, another sign of their strength. All in all, I wouldn’t consider any long-term “buys” until bulls manage to set a convincing weekly low, even then with caution. Shorting is an option but is very tricky in light of what happened last week. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYShort
by hermes_trisme
Can futures predict market movements?I was wondering if futures can predict market movement. Here's a monthly chart showing two values: * green: the difference between ES futures and SPX, divided by SPX to keep it proportional in a rising market * orange: SPX itself It shows: 1. Futures fluctuate over the 3-month cycle 2. SPX declines after peaks in the difference between ES futures and SPX - see 2001, 2008, 2018. Over-optimism? 3. But there was no peak before the decline in 2022 !? 4. Bulls want to see the difference well below zero - see 2003-04, 2001-17 and 2020-22 5. In 2023 the difference between ES futures and SPX is back to levels seen in 2000 and 2007, which preceded drops in SPX of around 46% and 52% Not trading advice. Do you own research
SP:SPX
by lavoriamo
Are We There Yet? A Market Top ExposeAfter re-calculations and re-assessing, I think I am ready to move forward. I have moved off my position that the 2022 correction was a Supercycle 2 correction and macro market top. I would be on the bandwagon the market is primed to move up indefinitely if not for the massive amounts of debt and cautious discretionary spending. I am still in the camp of prices and wages requiring a re-balance. Companies will have to lower their prices to meet customers at a more realistic price point. The companies that fail to get to that price point will go out of business. I am settling on the side of Supercycle I ending very soon and a larger corrective Supercycle II will take hold next. I am at this position due to the location of important wave 3s in the following chart: My wave 3 indicator at the bottom will paint a light blue background at potential wave 3s. Close gaps between painted backgrounds are common at wave 3 of 3s as is observed by the yellow line around August 2021. The strongest point on the RSI and my wave 3 indicator generally occurs at wave 3 of 3 of 3 (and more levels of 3) which occurred with the white line in January 2018. Additional wave 3 indicators occurred in late 2013 and early 2014 which were likely in the fifth wave of Cycle wave 1. Based on this premise, Cycle wave 3 likely ended in January 2022 and the October low was Cycle wave 4. This would put the market in Cycle wave 5 currently. Cycle wave 1 lasted 5-6 years, while wave 3 did the same. Cycle wave 5 does not have to last long, but there is always a chance it does something similar. Currently, we are just over a year and a half into this wave which may be too quick for it to end. So far we can see a 5 wave structure on the weekly chart. In this 5 wave structure, wave 1 had a wave extension, likely indicating waves 3 and 5 will be shorter in length. The wave 3 indicator has a gap between painted backgrounds in March of this year indicating this was possibly wave 3 and wave 3 of 3. Wave 4 likely bottomed with the low in April. This would place us currently in wave 5. The main question is if all five of these waves are Primary waves inside of the final cycle wave or if these are Intermediate waves inside of the First Primary wave. The pullback in consumer spending has me believing we are closer to the end of a major cycle instead of in the early stages of a multi-year bullish cycle. Additionally, even though the year over year inflation rate is no longer as high of a number, inflation has not actually declined yet as prices continue constantly go up. Furthermore, the year over year inflation rate remains higher than the year over year retail sales numbers. If things were healthy as the talking heads make it seem, retail sales rate should be higher than the rate of inflation as this would show people are spending more money than they are losing to inflation. This is not the case which is why I think a major re-balancing (and yes recession) must still occur. I could be wrong as I have been, or my inaccuracies have been delayed to this point. In trying to identify the current wave 5, I have switched over to the SPX500USD chart to find potential wave 3s and 3 of 3s. The major wave 3s in this fifth wave are identified by the vertical white lines. It looks like the wave extension once again resides in the first wave. Wave 3 of 3 for wave 1 was on May 7th. Wave 3 of 3 of 3 was on June 6, and wave 3 ended on June 12. If these are true, the major fourth wave likely ended at the June 14 low. This once again places us currently in the fifth wave. This is the fifth wave of a wave 5. The question remains as to how large will the next correction be. The current top on the SPX500USD chart is 5530 from June 28th, but it will likely change before week's end with potential decreases in holiday trading volume. On the main chart, I have plotted out potential Fib levels (noted on the right side) for a fifth wave extension if Cycle wave 3 ran from the 2016 low to the January 2022 top. 123.6% of this movement is where we currently are and can be a potential major wave 5 end point. The next Fib of interest would be 138.20% which is near 5967 (indicating much more bullish activity ahead). Regardless, a downturn is likely coming soon. If it starts within the next few weeks, the bottom could occur within the next 2-3 years. If the market blows past the current top, we will likely have a few more years of upward movement followed by a 3-5 year drop thereafter. A large drop now will not be great, but the economies of the country and world could "right themselves" in a quicker manner which would be best for everyone instead of longer and more drawn out. We shall see what happens, as I have been wrong plenty of times in the past. I can keep calling for a drop and will eventually be correct, but the batting average would not even be worthy of the minor leagues.
SP:SPXShort
by StockSignaler
1
SPY/QQQ Plan Your Trade 8-5 : The Shot Across The Bow.Watch this video. I'm going to try to keep this short and sweet. I've gotten a lot of comments about how my SPY Cycle Patterns have NOT been working out over the past 10+ days and I want to address that. The SPY Cycle Patterns are built on Gann & Fibonacci price structures/patterns. They reflect "Normal market psychology" and attempt to provide a guide as to what to expect within normal market rotation/trends. Nothing has been "normal" over the past 3+ weeks. It all started when Biden dropped out of the race for POTUS. Then, the real shot across the bow was the Bank Of Japan warning the rest of the world "hey, you may need to start aggressively defending your currencies against devaluation risks". If you really understand what that means, you'll understand the panic process that is playing out right now. But, I urge all of you to think about "what changed over the past 3 weeks". That is the question I keep asking myself. What changed is uncertainty (the Kamala-Crush) and the BOJ signaling foreign markets to prepare to defend the value of your currency against the US-Dollar. And I believe the panic-mode will subside very quickly as global asset prices drop. Falling prices mean stocks move into undervalued price territory. That also means smart traders BUY INTO this weakness for the longer-term ROI potential. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
FX:SPX500Long
by BradMatheny
4
SPX500 to continue in the downward move?US500 - 24H expiry Traded to the lowest level in 12 weeks. We have a 78.6% Fibonacci pullback level of 5136 from 4930 to 5680. There is no clear indication that the downward move is coming to an end. The sequence for trading is lower lows and highs. We look to set shorts at our bespoke indicator level (5273). We look to Sell at 5273 (stop at 5321) Our profit targets will be 5150 and 5136 Resistance: 5273 / 5338 / 5404 Support: 5175 / 5136 / 5091 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
SPX: Where to Expect the Price Will Land?I've identified several targets, and most of them have been reached… except one last one. 1. 100% symmetrical extension of the red box —> Reached. 2. 100% symmetrical extension of the orange box —> Reached. 3. 100% symmetrical projection from A to B , then projected from C . D = the target price —> Reached. 4. D barely served as a support. The price went through it directly without any proper pullback. Therefore, I expect the price to double the original force to reach D’ . - Be aware that in this final stage, price movements can become unpredictable and illogical. Finding a meaningful stop loss can be difficult, and if you do, it’s usually broad and uncertain. - Thus, if you have a short position, hold it tightly towards the ultimate goal of D’ . At the same time, set up a solid defense line to protect your profits. - Personally, I’ll set my stop loss at D , the original target price and the previous high. If the price takes out the current low and forms another lower high, I’ll move my stop loss to the new lower high. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
OANDA:SPX500USDShort
by stock_adelie
SPX: close to oversold momentumThe S&P 500 continued to be in a correction mood during the previous week. Friday`s surprising jobs data pushed the index to the lowest weekly level at 5.308. Still, the index is finishing the week at the level of 5.346. A weaker than anticipated jobs data, with Non-farm payrolls dropping to the level of 114K, from anticipated 175K and unemployment rate at 4.3% in July, from expected 4.1%, increased the fear among investors that the US economy is slowly slipping into a recession. It also increased their expectations that the Fed might cut rates in September. However, some analysts are not excluding seasonality effects in the posted jobs data, in which sense a market`s Friday's moves might be overreacted. The majority of stocks finished the week in red. The financial sector shares were traded lower on fears of a potential recession, while tech companies are currently perceived by the majority of investors as overestimated, taking into account current market levels. On the other hand, news hit the market that the market favorite, Nvidia, is under investigation by the US Justice department over a potential antitrust case. Intel shares had the worst week for the last 50 years, dropping down to the levels from 2013, after the company underestimated its earning potential, hence it will need to go through a tough process of restructuring, including layoffs of 15.000 employees. Intels shares dropped from the level of $30,64 reached on Thursday, to $20,79 traded on Friday, and has current market capitalization below $100 million. Another important news hit the market, was that Warren Buffet`s Berkshire Hathaway halved its position in Apple shares, through sale of around 50% of its previous position in this company. This information is derived from Berkshire Hathaway quarterly filings, but the company itself did not make any comments on such a move, so the reason for shorting position in AAPL is currently unknown. Another important aspect, which should not be neglected when it comes to the US market, is investors carry trade in Japanese Yen. Traditionally, changes in Japanese monetary policy had an impact on the US stock markets. During the previous week, the BoJ increased its reference interest rate by 25 basis points, which pushed the Yen 8% higher against the US Dollar. The carry trade is traditionally used by investors, where they take a debt in currency with lower interest rates and invest it in the US stock market in expectation of higher returns on their investments. Increased interest rates by BoJ and stronger Yen will certainly impact some currently open positions to be closed.
SP:SPX
by XBTFX
Money Market says that rate cut will be an urgent one (again)Just take a look on a rate cut expectations. In a short, the main technical graph is a difference (spread) between the nearest futures contract on FOMC interest rate (in this time Sept'24 ZQU2024) and the next one futures contract (in this time Oct'24 ZQV2024). It's clear that spread turned to negative in 2024, and heavily negative over the past several weeks. Historical back test analysis says that in all of such cases, FOMC is to cut interest rates immediately. The next scheduled FOMC meeting is September17-18. Will the market wait 6 more weeks? The right answer: NO. Rate cut will be an urgent one (unscheduled again).
CBOT:ZQ1!
by Pandorra
S&P500 - Bathed in a Sea of Red: Market Turbulence AheadFutures Meltdown: Sharp Decline U.S. index futures fell sharply on Monday following downbeat forecasts from Bad earnings in the second quarter and increasing geopolitical tensions. The S&P 500 dropped sharply as noted last week and continues to trend bearish. Bullish Scenario: For a shift to a bullish trend, the price needs to stabilize above 5320, potentially reaching 5372 and 5409. Bearish Scenario: If trading continues below 5281, the price is expected to drop to 5168 and 5026. Key Levels: - Pivot Line: 5226 - Resistance Levels: 5259, 5320, 5372 - Support Levels: 5192, 5168, 5121 **Today's Expected Trading Range:** The price is anticipated to fluctuate between the resistance of 5281 and the support of 5121. ------- Bathed in a Sea of Red: Market Turbulence Ahead Asian share markets are experiencing a significant downturn, with investors rapidly exiting riskier positions. The sell-off is widespread, impacting popular trades such as yen carry trades and cryptocurrencies. This sudden rush to liquidate positions has led to increased volatility and reduced market liquidity. Investors are reportedly closing profitable positions to cover losses in other areas, contributing to the market instability. This dynamic might explain why gold prices have struggled to maintain upward momentum, despite its traditional role as a safe haven during times of market stress. PREVIOUS IDEA:
OANDA:SPX500USDShort
by SroshMayi
Hellena | SPX500 (4H): Long to resistance area 5407.Colleagues, the price has moved down a lot, but that means we have an opportunity to enter a long position more favorably. I still believe that price is still in an upward move of great impulse, and now there is a complex correction taking place. I expect an uptrend to begin around the 5172 area. The first expected target is in the 5407 area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
1
Weekly Recap & Market Forecast $SPX (Aug 4th—> Aug 9th)Hello Investors! 🌟 This week saw volatility surge to levels not seen in over a year, with UST yields sliding to their lowest in months. Renewed concerns about wider conflict in the Middle East, coupled with fears of a rapidly decelerating US economy potentially leading to a recession, resulted in a forced recalibration in the markets. Let's delve into the key events that shaped this volatile week. 📈 **Market Overview:** Volatility spiked dramatically as geopolitical tensions and economic concerns dominated headlines. Renewed fears about a broader conflict in the Middle East and the possibility of a more severe recession in the US led to significant market movements. The FOMC held rates steady, disappointing those hoping for a rate cut. Chairman Powell's focus on employment risks suggested that the committee is nearing a time to reduce restrictiveness, but his message didn't align with the rapidly declining labor indicators. The week ended with a weak July employment report, following a disappointing ISM manufacturing report that spooked markets on Thursday, resulting in risk-off flows and a more dovish outlook towards the Jackson Hole Symposium. **Stock Market Performance:** - 📉 S&P 500: Down by 2% - 📉 Dow Jones: Down by 2.1% - 📉 NASDAQ: Down by 3.4% **Economic Indicators:** US Treasury yields dropped amid a slew of softer economic readings, with the yield curve steepening significantly: - **2-10 Year Spread:** Rose above -10 bps as futures markets and investment houses now foresee a 50 basis point Fed rate cut in September and potentially more than 100 bps in cuts by the end of 2024. - **JOLTS Job Openings:** Showed the ratio of job openings to unemployed workers has fallen back to pre-pandemic levels. - **ADP Employment Data:** Missed estimates, with annual pay growth slowing to its lowest level in years. - **Weekly Initial Jobless Claims:** Hit a 1-year high at 249K. - **ISM Manufacturing:** Missed estimates across the board, with the employment component registering its weakest reading since June 2020. - **July Employment Report:** Payrolls, hours worked, and wages all missed estimates, with unemployment rising to 4.3%, triggering the Sahm recession indicator for the first time since the pandemic. **Commodity Prices:** - **Crude Prices:** Rose early in the week due to escalating tensions between Israel and Iran but sold off later on rising recession fears. - **Gold Prices:** Climbed ~10% through Thursday due to a weaker US dollar but fell sharply after the Friday employment report. - **Bitcoin:** Also sold off sharply after the employment report. **Corporate News:** - **AI and Consumer Spending:** The themes of AI investment and weakening consumer spending dominated earnings reports. - **Nvidia:** Criticized by Elliott Management, suggesting AI is overhyped and in a bubble. - **Arm Holdings and Intel:** Reinforced concerns with Arm guiding lower and Intel announcing a fresh turnaround plan after poor results. - **Apple and Meta:** Reported better quarterly results, affirming significant capex growth for AI in the coming year. - **Consumer Sector:** - **McDonald’s:** Missed earnings and reported negative same-store sales, highlighting competition for value meals and deal-seeking consumers. - **Amazon:** Echoed similar sentiments about deal-seeking consumers, with capex increases tied to AI spending. - **Procter & Gamble:** Reported mixed results, noting market challenges expected to persist until the second half of next year, particularly in China.
TVC:DXY
by WallSt007
#202432 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well. tl;dr Climactic selling below the possible bear channel. I do think a bounce is more likely than another strong bear day on Monday/Tuesday. Can go a bit lower to 5270 but we will touch that upper bear channel again or at least the daily 20ema. Bounce could go as high as 5500 again. Best case for bears would be to stay below 5450. Quote from last week: bear case: Bears see another minor pullback which could not even get to the daily 20ema at 5640. They want another strong leg down to 5300 to make it clear that the bull trend is dead. It’s not out of the picture that they get it. Probability wise, it’s more reasonable to expect the bull trend line to hold and at least go more sideways before another leg down. Issue with that is, that next week we have so many news that will have a big influence on longer term traders, that we will most likely go higher than 5500 or lower than 5400. For bears it’s a really bad short right at the big support. You can scalp short on strong momentum again but bears will likely wait for a pullback before they try again. My preferred path forward is the bear channel on my chart below. comment: Everything about this possible new bear trend I already wrote above, no new stuff to add here. current market cycle: Bull trap triggered on 2024-07-17. Probably forming a trading range first before we get to the bear trend. First guess for the range would be 5300 -5600. On the weekly or monthly chart, the selloff during July/August will be the first leg of this bear trend. key levels: 5400-5600 bull case: Bulls got a huge bounce last week for 169 points but the bears sold it violently again for a 269 point drop. Not stuff that happens during bull trends. Bulls are running for the exits and I do think market won’t get above 5600 anytime soon again. Bulls best hope now is to go sideways and turn the market neutral again. Invalidation is below 5300. bear case: Bears made it clear that this bull trend is over with another huge bull trap. Right now the channel down looks decent enough if we ignore Friday’s tail. Bears could force another drop to 5300 early next week but I think a bounce and more sideways is more reasonable to expect. I am very confident in loading up on shorts on the next pullback and hold until we hit 5000/5100, which will likely happen over the next weeks/months. Invalidation is above 5600. outlook last week: short term: Neutral. Both sides have valid arguments. Will make this dependent on earnings and will only do scalps for now. Market has to form a better channel if it wants a sustained down move. → Last Sunday we traded 5499 and now we are at 5376. Market started neutral and had big two sided trading, so outlook was good. short term: Full bear mode. Pullback is expected and I will load up on shorts. This will go much lower in 2024. medium-long term: 5300 over the next weeks (will likely happen in August). Afterwards another pullback before we go down to 5000/5100 in 2024. current swing trade: Out of all shorts which I had since 5700. Will load again on anything above 5500. chart update: Bull trend line now clearly broken but bear channel stays for now. Removed bear gap #2. Whenever you see many lines in an area on my charts, it means that much happened there and it’s an area of importance. Expect pullbacks/bounces in those areas. Adjusted the 50% pb from 5601 to the recent low 5331.
CME_MINI:MES1!
by priceactiontds
7
U.S. Stocks' foreseeable goalsThe most important index for the reflection of the American Stocks market is the SP:SPX , so let's start with it. Unfortunately, now the chart of this index is not rich in models, so the current logic of movements in our opinion is described by the EXP model from July 30 on the daily timeframe👇 As long as the price is below the 4-point level (5 390.95), the target levels are 100% (5 125.93) and 200% (4 873.94). In case the price returns above the level of 4 point and goes beyond the trend line, there will be a second attempt to reach the target resistance level of 5 582.31 - the formally reached target of the impulse of August 1. It is necessary to mention that this pattern, despite being on the daily timeframe - is weak. In addition, let's look at a chart of the NASDAQ:NDX - this index includes the 100 largest non-financial companies traded on the Nasdaq exchange, primarily technology stocks. Consideration of this index is additionally interesting because most institutional managers consider BINANCE:BTCUSDT to be in the technology sector, so NASDAQ:NDX and BINANCE:BTCUSDT is often correlated. First, let's look at the AMEXP model that formed in mid-March 2023 on the weekly timeframe and described the entire uptrend within the 2023-2024 period on this index👇 In this model we are primarily interested in the level of HP (18 289.68), currently acting as an extreme support on the weekly timeframe, and if the price can consolidate under this level, the next support will be the level of 100% (15 891.73). More locally, on the daily timeframe, the current movement is described by the EXP model from July 24, where the price has already reached the first target level of 100% (18 355.48)👇 It is very interesting that now on NASDAQ:NDX the price has settled in the zone of 18 355.45-18 289.68 formed by 100% and HP levels and if we don't see a rebound soon and the price tries to consolidate under this zone, the next target level will be 17 296.42. By the way, we do not exclude that the movement towards 17,296.42 will be accompanied by an attempt of CME:BTC1! to close the CME GEP at the level of $57,805👇
NASDAQ:NDXShort
by TSFC
Bitcoin's Next Two Years: Accumulation to Parabolic PeakBitcoin Technical Analysis: Upcoming Two-Year Cycle Market Structure Overview Current market structure analysis indicates that Bitcoin is in the final stages of its accumulation phase before a mini bull run. Key market structure zones and projected price targets for the next two years are outlined below: Accumulation Phase Current Support Zone: $57,405 - $61,302 Bitcoin is consolidating within this range, indicating strong accumulation by long-term holders and institutional investors. Mini Bull Run Projected Highest High: $91,236 As Bitcoin breaks out of the accumulation phase, we anticipate a mini bull run with the highest high reaching approximately $91,236 . This phase is expected to be driven by increasing demand and positive market sentiment. Correction Cycle Main Support Zone: $47,620 Following the mini bull run, a slow correction cycle is projected to commence, bringing Bitcoin down to a main bottom support around $47,620 . This correction is seen as a healthy pullback, setting the stage for the next bullish phase. Parabolic Bullish Cycle First Target: $139,130 From the $47,620 support zone, Bitcoin is expected to begin a parabolic bullish cycle. The first significant target in this cycle is around $139,130 , marking a substantial price appreciation. Parabolic Cycle Correction and New Targets Maximum Target: $236,000 Following the initial parabolic run, Bitcoin is projected to undergo a correction before ascending to new heights. The absolute maximum target for this 3.5-year cycle is estimated to be around $236,000. Macroeconomic Factors Influencing Bitcoin Japanese Index Decline: The recent rapid decline in the Japanese index has introduced uncertainty in the Asian markets. Investors are increasingly looking for safe-haven assets, which could boost demand for Bitcoin. US Market Sentiment: With the US markets closing in the red on Friday and gold prices reaching an all-time high, there is a growing shift towards alternative investments like Bitcoin. Japanese Yen Weakness: The continued decline of the Japanese yen is anticipated to accelerate Bitcoin’s mini bull cycle correction. This macroeconomic trend is likely to contribute to the expected decline to the $47,000 support zone before the parabolic bullish phase. Conclusion Bitcoin's market structure suggests a promising outlook for the next two years, characterized by significant price movements and opportunities for strategic investments. The interplay between macroeconomic factors and Bitcoin’s inherent market cycles underscores the importance of staying informed and agile in response to evolving market conditions.
Long
by wikitrades
4
Combined US Equities - D-Day +1on 31 July, heads up given about D-day. That was based simply of a few compelling technical factors observed. Outcome was that there was a blow out rally, followed by an awesome Dark Cloud Cover and then a confirmation bearish candle that gapped down and tanked the week to a low. The spike in volatility was just so awesome and it caught many off guard, unfortunately. Technical indicators were previously mentioned to be bearish already and now it is very evidently so. Projecting further using supports and TD Sequential, it is also evident that by breaking below the support that closes the gap too was so critical... it broke the TDST support as well. This means that the TD Sequential trend is now bearish, with an expected one bearish week to go. So all together... a significant technical breakdown. Some bounce expected, but week ahead looks bearish. Projected target marked (red ellipse). Take care!
CME_MINI:ES1!Short
by Auguraltrader