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SPX (S&P 500 Index)

Markets are reaching extreme greed territoryOptimism surrounding earnings last week helped to push the market higher. As a result, the SPX established a new all-time high above $5,100, and the VIX faltered below $14. Subsequently, it did not take long for Wallstreet analysts to upgrade their price targets for various companies, including the one with the most hype around it, NVIDIA. Some of these forecasts go as high as $1,400, which would value NVIDIA at nearly $4 trillion (more than Apple). However, as the Fear and Greed Index is reaching extreme greed territory and people are getting drunk from profits, it might be time for a reality check. Since the start of 2024, many large companies have begun another wave of layoffs. Here is the list of just some of them: Amazon - laying off several hundred employees (the exact number is not known) Cisco - laying off 5% of its workforce Discord - laying off 10% of its staff Duolingo - laying off 10% of its workforce eBay - laying off 9% of its workforce Microsoft - laying off some 1,900 people (about 8% of the workforce in gaming) PayPal - laying off 9% of its workforce Snap - laying off 10% of its workforce Rivian - laying off 10% of its workforce Unity - laying off 25% of its workforce Twitch - laying off 35% of its staff On top of these massive layoffs, there are also many corporate downgrades in forward guidance and an ongoing problem with sticky inflation, with the next print due on 8th March 2024. If new data confirms no improvement, it will likely cause fear to creep back into the market and weakness in stocks. With that said, we are proceeding very carefully in the current environment. Illustration 1.01 The image above shows VIX's daily chart. Illustration 1.02 Illustration 1.02 shows the parabolic chart of NVIDIA, which is reminiscent of many past charts that reached bubble territory and then popped. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
16
S&P 500 INTRADAY LEVELS FOR 28/02/2024BUY ABOVE - 5081 SL - 5075 TARGETS - 5088,5100,5110 SELL BELOW - 5070 SL - 5081 TARGETS - 5057,5047,5039 NO TRADE ZONE - 5070 to 5081 Previous Day High - 5081 Previous Day Low - 5057 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
2/27 Tuesday Trading PlanMarket Sentiment: Neutral Stock Market Outlook for February 2024 The stock market's outlook leans toward neutral for February 2024. While the powerful year-end rally of 2023 created optimism, concerns linger that positive news has been priced in. This suggests potential vulnerability to negative news or persistent inflation throughout 2024. Federal Reserve's Monetary Policy The Federal Reserve ended its tightening cycle in December 2023, with expectations for significant rate cuts in 2024. Market concerns arise over the timing and scale of those reductions: should they occur primarily due to recession risks, or might the Fed hold off on the depth of cuts if the economy and inflation remain resilient? US Economic Outlook The U.S. economy in 2024 appears positioned for a potentially record-breaking late-cycle expansion. Inflation has cooled from 2023 highs, and corporate profits have stabilized. Challenges stemming from a slow Chinese economy and geopolitical tensions remain. Investment Banks' 2024 Outlooks Leading investment banks like Deutsche Bank, UBS, Apollo, and others offer varying perspectives on 2024. Their outlooks range from cautious optimism to focused identification of tactical opportunities within the equity markets. Asset Markets and Valuations Markets may become susceptible to adverse news or economic developments, as much good news may already be baked into current asset prices. Corporate Earnings and Market Performance Stocks have hit recent highs, fueled partly by excitement around the potential of AI to reshape the U.S. economy. Companies within the tech sector, such as Salesforce, HP, Workday, and Zoom, are among those releasing their latest earnings reports. Global Market Overview Globally, bonds underperformed equities early in the year as major central banks hinted at a more measured pace of interest rate cuts. The Fed Chair Jay Powell suggested a March cut was unlikely, and the UK's surprise inflation increase impacted UK gilts. News Highlights Retail Sector and Cryptocurrency: Macy's is reducing its store count due to decreased sales, while Bitcoin values have soared above $57,000 in a resurgence of cryptocurrency interest. Corporate Developments: SunPower's CEO has stepped down amidst questions about the company's continued viability due to a credit agreement breach. Trading Plan for Tuesday Supports to Watch: Immediate Supports: 5080-82 (major), 5074-76, 5066 (major), 5058, 5051, 5046 (major), 5040, 5031 (major), 5028, 5018, 5011-13 (major), 5004, 4998 (major), 4993, 4983 (major), 4965, 4951-56 (major). Resistances to Monitor: Key Resistances: 5093, 5102, 5108 (major), 5112 (major), 5121-23, 5134, 5143-46 (major), 5152, 5165 (major), 5170, 5178-81 (major), 5188, 5199, 5211, 5224 (major), 5229 (major), 5248 (major), 5257, 5270 (major), 5280 (major). Trading Strategy: Maintain Cautious Approach: After the strong rally, the market is in an expected cooldown phase. Exercise caution and seek clear technical signals for trades. Focus on Support and Resistance: Target key support and resistance levels for potential long or short entry points, with particular attention to the critical 5046 level. Disciplined Trading: Employ disciplined trading strategies, including planned profit-taking and stop-loss orders, especially when testing primary support and resistance zones to navigate potential market swings. Disclaimer: It's important to remember that this analysis serves an educational purpose and shouldn't be taken as financial advice. Always seek professional financial advice before making investment or trading decisions.
CME_MINI:ESH2024
by spytradingpro
S&P500 This Bull Cycle is far from over.On this analysis we view the S&P500 (SPX) from the longer term perspective of the 1M time-frame in order to answer the question of why it hasn't pulled-back since the October 2023 Low. The answer can be given by observing the index from a cyclical point of view. First, with the exception of the March 2020 COVID flash crash and more recently October 2022, the 1M MA50 (blue trend-line), was intact since October 2011. Even during those two tests, it never closed a monthly (1M) candle below it. This makes it the current long-term Support and every pull-back towards it is a buy opportunity on the lowest possible risk. The catalyst on this long-term analysis is the Channel Down that started on the 1M RSI since the September 2015 Low. Every decline near its bottom (Lower Lows trend-line) is a buy opportunity, while near its top (Lower Highs trend-line) is a sell. Right now the Cycle (5th since the bottom of the 2008-2009 Housing Crisis) is at the point after its 1st mid-cycle correction (blue circle) where the 1M RSI typically bounces off its MA (yellow) trend-line. This hasn't just happened within the RSI's Channel Down but is also a characteristic of all Cycles since the bottom of the 2008-2009 Housing Crisis. At the same time, the 1M MACD rises on a Bullish Cross. As a result, even though a short-term pull-back can be technically justified, the current Bull Cycle is far from over as the 1M RSI hasn't approached the Channel's top. Technically that should be towards the fall of 2024 followed by a volatile 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
4
gbpusd 2700/2720 short tp bears 2500🔸Hello traders, let's review the 4hour chart for GBPUSD today. Nice pump off the lows recently, however upside capped/limited by heavy overhead resistance near 2700/2720. 🔸Downtrend defined by a sequence of lower highs, 2760, 2740, 2720 in progress, right now I recommend to focus on shorting any rips/rallies towards heavy resistance. 🔸Recommended strategy for GBPUSD bears: short sell rips/rallies near resistance 2700/2720 stop loss fixed 40 pips TP1 + 100 pips TP2 +2000 pips final TP exit at 2500. swing trade setup, time required to hit both targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
1
eurusd daily strategic outlook 2024🔸Hello guys, today let's review daily price chart for eurusd. Ongoing accumulation in progress since 2023, strong chart overall. Trading in well-defined range since Jan 2023, therefore it's best to focus on trading near range highs/lows. 🔸Range lows defined at 0640 , range highs set at 0960, premium prices overhead at 1020 and 1080 and premium prices below at 0580 and 0480. Short-term / mid-term outlook: expecting more weakness before reversal / short-term traders can short sell rips/rallies targeting premium prices below / range lows at 0640. 🔸We are trading in well-defined range since January 2023, current risk/reward is slowly shifting in bulls favor, however it's too early to enter on BUY side. 🔸Recommended strategy position traders: bears focus on short selling rips/rallies, targeting range lows at 0640, bulls should wait for price to complete correction near range lows / premium prices, best reload bulls is near 0580/0600, bulls will target re-tests of range highs / 1000 (+400 pips). great risk/reward on buy side as we are closing in on strong horizontal supports. swing trade setup, patience required. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
12
S&P 500 INTRADAY LEVELS FOR 27/02/2024BUY ABOVE - 5088 SL - 5081 TARGETS - 5100,5110,5120 SELL BELOW - 5070 SL - 5081 TARGETS - 5057,5047,5039 NO TRADE ZONE - 5070 to 5088 Previous Day High - 5100 Previous Day Low - 5070 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
2/26 Monday Trading PlanMarket Sentiment: Neutral to Bullish 📈 Trading Plan for Monday Supports to Watch: Immediate Supports: 5098, 5093 (major), 5079, 5073, 5066 (major), 5058, 5046-48 (major), 5040, 5028-32 (major), 5018 (major), 5013, 5003-05 (major), 4998, 4988 (major), 4984, 4976 (major), 4971, 4965 (major), 4956 (major), 4947-50 (major), 4942, 4934 (major). Resistances to Monitor: Key Resistances: 5110 (major), 5118-20, 5136, 5143 (major), 5150, 5160-63 (major), 5171, 5178 (major), 5183, 5194, 5213, 5219-22 (major), 5228, 5237, 5250, 5260, 5265-70 (major). Trading Strategy: Maintain Cautious Bullish Bias: The market leans bullish. Focus on reclaiming key resistances for potential recovery and further bullish momentum. Disciplined Approach: Exercise disciplined and methodical trading principles with well-defined entry and exit points within the established support and resistance zones. Remain vigilant as CPI releases and earnings announcements could lead to market adjustments. Tactical Insights: Prioritize planned profit-taking and stop-loss orders, especially when reclaiming important support and resistance zones. This allows you to manage market volatility and secure gains. News Brief for Today Stock Market Outlook for February 2024 The stock market's outlook leans toward bullish for February 2024. January's bullish momentum into new highs was fueled by healthy economic data and the anticipation of Federal Reserve rate adjustments. While market corrections are possible if earnings growth fails to meet lofty 2024/2025 expectations, the current climate remains favorable. Federal Reserve's Influence The Federal Reserve continues to have significant influence on the market. The FedWatch tool shows a 53% chance of a 25 basis point rate cut in March, highlighting the Fed's ability to shape expectations and broadly impact the economy. Earnings Reports Insights February earnings releases from tech, oil, and biotech titans like Apple, Amazon, and Exxon Mobil will provide essential insights into the strength of key sectors within the economy. Economic Data Releases Economic releases like the University of Michigan's Consumer Survey and the Fed's R-star estimate are important to consider as they are indicators of consumer confidence and interest rate perspectives. HSBC's Financial Performance HSBC's profit surge amidst elevated interest rates, despite headwinds from China's economic slowdown and a substantial charge associated with its Bank of Communications stake, highlights the multifaceted nature of global banking results and the interplay with macroeconomic forces. Interest Rate Expectations Market speculation centers around the possibility of nearly 5 rate cuts by the end of 2024. Investor sentiment is heavily influenced by anticipated Fed actions, making adjustments to these expectations a risk factor for both equity and fixed income markets. Economic Growth and Inflation The U.S.'s stronger-than-expected GDP growth and inflation cooling down present a cautiously optimistic economic picture; however, the Federal Reserve policy's full impact remains to be determined. Global Economic Conditions Lingering worries about inflation and potentially harmful economic news create a shadow over current asset prices, despite the recent rally. The global economic landscape, impacted by factors such as China's challenges and geopolitical tensions, adds to the complexities of market projections. Nvidia's Booming Stock and High Pay: Nvidia's success turns it into a top Silicon Valley employer, attracting top talent with excellent compensation packages. Treasury Markets Losing Shock Absorber: Changes in the U.S. Treasury market could impact liquidity and stability. Li Auto's Sales Forecast: Despite reporting a surge in quarterly results, Li Auto, a Chinese electric vehicle maker, predicts softer sales. U.K. Housebuilders Under Investigation: Potential information sharing practices among U.K. housebuilders are under the scrutiny of the country's competition watchdog, which could have implications for the housing sector. Warren Buffett and the Japanese Market Rally: Berkshire Hathaway was invested during the Japanese stock market rally, with possible effects for investors and the market as a whole. Fed's Inflation Gauge and Rate Cuts: Expectations are rising for the Federal Reserve's inflation gauge, and business economists surveyed by NABE anticipate rate cuts to start in June. TSMC Opens First Plant in Japan: The opening of TSMC's first Japanese plant marks a major development within the semiconductor industry. India's Navi Mumbai Airport Challenges: Adani Airport Holdings is struggling to convince major airlines to switch operations from Mumbai to the new Navi Mumbai airport. Asset Monetization in India: In FY25, the Indian government's asset monetization program is projected to hit record highs, with major contributions from railways and other sectors. S&P/TSX Composite Index Performance: The S&P/TSX composite index closed positively on Friday, representing a snapshot of the current state of the Canadian stock market. U.S. Economic Outlook: Economists are revising their outlook on the U.S. economy in 2024, forecasting higher growth, diminishing inflation, and healthy job creation, straying from previous recession concerns. Global Economic Data Releases: Upcoming global manufacturing PMI data, U.S. core PCE, and GDP reports from various nations will offer a comprehensive understanding of the current state of the global economy. Disclaimer: It's important to remember that this analysis serves an educational purpose and shouldn't be taken as financial advice. Always seek professional financial advice before making investment or trading decisions.
CME_MINI:ESH2024
by spytradingpro
Buffett is just one step away from skyrocketing to the Moon 🚀Warren Buffett's Berkshire Hathaway just snapped up more Occidental Petroleum shares, pushing the legendary investor's stake in the oil company to just over 25%. Buffett's conglomerate purchased another 2.1 million shares of Occidental in the past week when the stock traded at $57.89, an amount worth $123 million in total, according to a recent Securities and Exchange Commission filing. Berkshire now owns 224 million shares of the oil producer worth $13 billion. That represents just over quarter of Occidental's entire value, with a total market cap of $52.56 billion. Buffett has been vocal about his bullishness on Occidental Petroleum, snapping up big chunks of the stock over the past year as oil and natural gas prices skyrocketed in the aftermath of Russia - Ukraine tensions. And though Buffett has said he has no interest in taking over Occidental, Berkshire gained approval from regulators to potentially own up to 50% of the company last August. Energy prices, meanwhile, have eased from their highs last summer, but analysts have said prices are in for another surge later in the year, especially if China's economic reopening leads to a big upswing in oil demand. Moreover El Niño is here. Commodity prices could swing in turmoil.
NYSE:BRK.A
by Pandorra
2
SPX OULOOKSPX FEB WEEK 5 OUTLOOK - Daily - no doubt we have been super bullish here on SPX for last few week going back to December. but it's around the seasonality cycle and on daily TF that it looks in need of a pullback. Origin - 2 scenarios become apparent when we drop down to origin. 1. a small pull to the zone** 5065.01 - 5027.94** and hold above it. if that happens I will look for longs above the higher end of the zone 2. a deeper pullback to **4972.61 - 4951.93** and if price gets absorbed here, I will look to enter long once price holds above the upper end of this zone.
BLACKBULL:SPX500Long
by Osiris992
S&P 500 INTRADAY SYMMETRICAL TRIANGLE FOR 26/02/2024BUY ABOVE - 5100 SL - 5088 TARGETS - 5110,5120,5135 SELL BELOW - 5081 SL - 5088 TARGETS - 5070,5057,5047 NO TRADE ZONE - 5081 to 5100 Previous Day High - 5110 Previous Day Low - 5081 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
SP:SPX
by Jagadheesh_JP
SALESFORCE 310 AFTER EARNINGS Strong Revenue Growth: Salesforce’s total revenue for Q2 2024 was $8.603 billion, up from $8.247 billion in Q1 20241. This consistent growth in revenue is a positive sign. Impressive Earnings Per Share (EPS): The basic earnings per share (EPS) for Q2 2024 was $1.4118, up from $0.7562 in Q1 20241. This significant increase in EPS indicates a strong financial performance. Positive Analyst Expectations: Analysts expect the company to report earnings of $2.27 per share on revenue of $9.2 billion2. If Salesforce meets or exceeds these expectations in their upcoming earnings report, it could provide a further boost to the stock. Historical Stock Performance: The stock soared 12% after its last earnings report3, which could indicate investor confidence in the company’s financial health and future prospects.
NYSE:CRMLong
by NYRUNSGLOBAL
2
202409 - a weekly price action market recap and outlook - sp500Good evening and i hope you are well. This week was another very strong one for the bulls. Having these kind of climaxes at the top after such a long ongoing trend is often the exhaustive end of it. But all that is just mumbling until bears show up. Bulls continue to pump this higher and that’s just what’s happening right now. All targets have been met and market keeps going because it keeps working. Bears need to generate more selling pressure and trap bulls who bought too high but right now they still can just every dip and make money. sp500 Quote from last week: Last week i drew a two legged (ABC) correction when we traded at 5042 and it was deeper and then higher than anticipated but other than that, a pretty perfect forecast so far. Meaning i still think we are in the second leg down and it will probably hit at least the daily 20ema at around 4970. Low of the week was 4960. That’s is as perfect of a weekly outlook as it get’s. Was i absolutely flabbergasted by the 160 point gain after that? You bet. Can you say i was wrong in my outlook last week? I also wrote short term: down then sideways - probably to below 5000 first and then market decides. given lower targets in the bear case For dax my outlook was completely trash but sp500 i nailed it. Let’s view ahead. bull case: Same for dax, hard to come up with higher targets. Most reasonable thing here would be to look for pullbacks and if they are bought, hop along. BTFD has not stopped working for a long time, even though they got a bit bigger, it was not enough so far. I draw something into the chart in case of measured moves but given so many trend lines we are at and the extreme of this move, i can’t see it but market has the ability to go way way beyond what’s reasonable (looking at you NVIDIA. couple more up days and that stock might be the first 10 trillion $ company and you be sure, you will find humans who will go in front of a camera and say why this stock is reasonably priced based on fundamentals, just like they did in 2000). bear case: Bears need way more to stop the BTFD mania. The market is overbought and everyone knows it, that does not help in structuring good short trades, since this buying could continue. Bears need prices below 4931 to make lower lows, that is pretty far away. Best they can probably get is a trading range at the highs. Their first target is the daily 20ema around 5000 and i expect bulls to buy there again. outlook last week: “down then sideways - probably to below 5000 first and then market decides. given lower targets in the bear case” → Last Sunday we traded 5014 and now we are at 5101. Market hit my target +10 points. That was +44 if you will. short term: sideways is the best bears can hope for. bulls could also just moon this further. if you read this and think: “so this jack is saying it can go up or down?!” yes bro and now come’s the important distinction: i tell you i’m neutral here and wait for the market to show me further price action and evaluate with hopefully a higher certainty the next profitable trade. right now at 5101 is the absolute worst place to enter a trade. tl;dr: wait for more price action. i lean bearish but bears have done nothing late Friday so i wait. medium-long term: same as dax. my thesis had 5100 as invalidation and now i wait for the monthly close first
CME_MINI:MES1!
by priceactiontds
FOMC FORWARD GUIDANCE SINCE 2018 w/SPXThe chart provided visually represents the forward guidance issued by the Federal Open Market Committee (FOMC) alongside the performance of various key economic indicators and market indices. The FOMC forward guidance serves as a crucial tool for signaling the Federal Reserve's monetary policy stance and future intentions, thereby influencing market expectations and economic behavior. By examining the interplay between FOMC forward guidance and these key economic indicators, investors, policymakers, and analysts can gain insights into the likely direction of monetary policy and its potential impact on financial markets and the broader economy.
SP:SPX
by koyking