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Spx500analysis

Here's some more bear heat for yaWe have now officially broken down out of the multi year rising wedge after getting almost to the exact apex of the drawing. The measured and or implied move for this rising wedge is roughly -1202.89 points or 26.64%. When we toss up a fixed range volume profile from our blow off top in 2018 to current price action it's apparent that we've just had one massive, massive Fed fueled momentum overshoot. What I've done is marked off the levels of highest participation in volume, or, most likely areas of support based off of volume profile. Those levels are roughly: 4185 3913 3692 3372 (Top of value area) These levels pale in comparison to the volume or participation in the value area. The Volume Profile Value Area is not until 3372. Yes, 3372. Meaning a trade down into the value area would net us somewhere around -1125 points... Roughly coinciding with our measured move. A trade down into the Volume Profile Point of Control would be roughly -1775 points or -40%... Your ball Jpow.
SP:SPX
by merkd1904
7
The S&P Bullish trend is still ActiveHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Bullish trend that started in November where the SPX index started moving up in an Ascending Channel is not stopping yet. The trend is still giving Bullish signals where we kept getting higher highs and higher lows. The S&P 500 index booked fresh record closes on Thursday, despite falling from the session’s best levels, ahead of a highly anticipated August employment report on Friday. The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this : If we look at the chart and where the market is right now we see that every time the SPX hit the upper end of the Ascending channel it always dropped into the middle range of the Channel, We probably won't see a big Bullish breakout in the Index right now, so the price most likely will be dropping this week a bit and it will be headed near the first support line at 4474.64 and if the Bears were able to gain more control then it could reach the second support at 4439.92 where the major Bull power will be and where the bounce back up will happen that would get the index above the resistance zone between 4528.74 - 4548.12. Technical indicators are showing this : The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA ( Bullish Sign) The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line. The STOCH indicator is in the overbought zone, With a positive crossover between %K (95.00) and %D (92.84). *The overbought zone indicates that the price might drop down. The Ultimate Oscillator is at 79.95 sitting in the overbought zone. The overbought zone indicates that the price might drop down. Support & Resistance points : Support/Resistance 1) 4474.64 1) 4528.74 2) 4439.92 2) 4548.12 3) 4420.54 3) 4582.84 Fundamental point of view : On Thursday, the S&P 500 rose to records on the back of better-than-expected jobless claims data. The initial filings for unemployment insurance fell to their lowest levels since March 2020. The Labor Department reported first-time jobless claims totaled 340,000 for the week ended Aug. 28, compared with the 345,000 estimate. The S&P 500 climbed 0.3%, hitting its 54th record closing high of 2021. Investors are now looking ahead to August’s nonfarm payrolls report — released Friday morning — which could give clues about how fast the Federal Reserve will remove easy monetary policy. Economists polled by Dow Jones expect 720,000 jobs were added in the month, down from 943,000 jobs added in July. The unemployment rate is expected to dip to 5.2%, compared to 5.4% in July. According to CNBC Markets This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
SP:SPXLong
by GabiDahduh
SPX500USD ES1! SnP500 2021 Aug 23 WeekOANDA:SPX500USD ES1! SPX500USD ES1! SnP500 2021 Aug 23 Week Price approaching previous supply area, there may be temporary weakness. Wait for price to come down first before taking a long. Weekly: Ultra Wide Spread Up bar closing off high, and lower than previous bar = Weakness. Daily: Ultra Wide Spread Up Bar, High Volume = Strength H4: Narrowing Spread, advancing on diminishing volume = Weakness Strategy for Short (Test and Reject): - 4476 - 4460 - 4445 Strategy for Long (Test and support): - 4412 - 4378 - 4345 - bullish absorption past 4476 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
S&P 500 The trend is not stoppingHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ A Bullish trend started in November where the SPX index started moving up in an Ascending Channel and the trend kept giving Bullish signals where we kept getting higher highs and higher lows. The S&P 500 jumped to record closes for a third straight day on Thursday, with mega-cap technology stocks driving the market higher as investors warmed to jobs data showing a steady U.S. economic recovery. The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this : Scenario 1 : The Index price is at 4429.29 trendings near the first resistance level at 4460.08 and it's gonna try to breakout of that resistance line if the Bulls were able to keep control then we could be seeing the S&P going even further and hitting the resistance levels at 4483.64 or even 4527.08. Scenario 2 : If the bulls try to make a move now then we will see a drop in the price that's gonna be headed to near the first support line at 4393.08, where the Bulls and the Bears will battle over control of the trend, The bulls are most likely to win since we have no signs of a reversal yet and the result will bounce the price back up to near the resistance level at 4460.08. Technical indicators are showing this : 1) The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA (Bullish Sign) 2) The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line. 3) The STOCH is in the overbought zone and has been trending there for the last 10 days, With a positive crossover between %K (98.94) and %D (95.92). 4) The Ultimate Oscillator is at 63.704 giving a Bullish sign Support & Resistance points : support Resistance 1) 4393.08 1) 4460.08 2) 4349.64 2) 4483.64 3) 4326.08 3) 4527.08 Fundamental point of view : The IGCS gauge (IG Client Sentiment Report) implies that 31% of retail investors are net-long the S&P 500. Upside exposure has increased by 1.62% and 9.07% over a daily and weekly basis respectively. The fact that traders are net-short hints that prices may continue rising. The combination of this and recent changes in sentiment are offering a stronger bullish-contrarian trading bias. All three main equity benchmarks closed higher Thursday and the Dow and S&P 500 booked a third straight record finish after fresh labor-market data provided insight on the pace of the recovery. The moves for stocks came even as a reading for wholesale inflation came in hotter than expected. the S&P 500 index SPX, +0.30% advanced 0.3% to 4,460, led by gains in health care XLV, +0.79% and technology XLK, +0.57%. The S&P 500 closed at records in three consecutive sessions for the first time since March 15. According to Marketwatch This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
SP:SPXLong
by GabiDahduh
5
SPX500USD 2021 July 26 Week OANDA:SPX500USD SPX500USD 2021 July 26 Week Long from lower green zone was fruitful. Weekly: Engulfing wide spread up bar, closing at its high. No sign of weakness yet Daily: Wide spread up bar close of its low, decreasing volume on move up = SOW H4: Widespread up bar + Upthrust + decreasing volume on move up = SOW Strategy: 1) Short on ND / Upthrust / Mushroom over 2) Long if there's climatic down bar + strength Like and follow if you find this useful :) Have a successful week ahead in whatever you do
OANDA:SPX500USD
by paradox677
1
SPX500USD 2021 July 12 WeekOANDA:SPX500USD SPX500USD 2021 July 12 Week Bar 1 confirmed as SOW and move was manifested on 06 Jul. Theme last week was similar to Nasdaq - trapping longs and shake out Weekly chart: Net gain from previous bar has diminished, volume has picked up slightly.. Daily chart: No significant weakness observed H4 chart: Shortening of trust, weakness manifesting Strategy: Long on retracement is preferred. 1) If price returns to test bar 2, long when price is supported 2) Last bar shortening of thrust. If price hovers around that zone, we may have short opportunity 3) If you see a sudden spike in price and bar closes on its low, forming an upthrust, don't chase Like and follow if you find this useful :) Have a successful week ahead in whatever you do
OANDA:SPX500USD
by paradox677
SPX500USD 2021 JULY 05 WEEK OANDA:SPX500USD SPX500USD 2021 JULY 05 WEEK New high achieved. Last bar closing on the low. We will wait for Monday to see if this is mark down for buying or SOW. Weekly chart : Weakness - shortening of thrust, diminishing volume as price advances Daily chart : No significant weakness observed. H4 chart: Last bar is an Upthrust. Wait for Monday to show us if this is mark down for buying or if this is weakness. Strategy: 1) If Upthrust for further buying: price goes below UT bar, wait for reversal price action or intermediate support to buy 2) If Upthrust is sign of weakness: Wait for price to come down, return to test the high and price rejection to short. Like and follow if you find this useful : ) Have a successful week ahead in whatever you do.
OANDA:SPX500USD
by paradox677
SPX500: double entry intraday tradeHi Traders, This is my view on this pair for the next few days #SPX500 Double entry (wait for evidence after NY opening) SELL 4255 SELL 4257 SL 4262 TP 4240 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
FX:SPX500Short
by kitchen_trading
SPX500USD 2021 June 21 (Intraday) OANDA:SPX500USD SPX500USD 2021 June 21 (Intraday) The past reveals the future. Last week, we opined on possibility of history repeating as price reaches a previous high. Congrats to those who had not been sucked in as market was marked up and waited for a short. Price has paused at 50% 4151 of the previous up move. Scenarios: 1) If price is supported at the 50%, it may test ultra high volume bars 2 or even 1. 2) Price breaks through 50% and target 4078 3) Short opportunity should present itself if price returns to test the high volume bars 2, or even bar 1 4) Price resisted at a previous support turned resistance. Like and follow if you find this useful. Have a good trading week ahead.
OANDA:SPX500USD
by paradox677
SPX500USD 2021 June 14 (Intraday) TVC:SPX SPX500USD 2021 June 14 (Intraday) Weekly, Daily, H4 = Bullish Price has approached a previous high, will history repeat? Not much market participation at higher prices, however will wait for sign of weakness to appear before taking short position. Scenario 1) Short if price is rejected since it as at a resistance zone. 2) A convincing break takes volume, else keep stops tight if long 3) if range is narrow and volume is low, stay out of market. Have a good trading week ahead!
OANDA:SPX500USD
by paradox677
SPX500USD 2021 May 31 Week (Intraday) OANDA:SPX500USD SPX500USD 2021 May 31 Week (Intraday) Weekly, Daily, H4 = Bullish Last week 4148 immediate support held and then price found acceptance at 4178-4190 (last week's scenario 2). Long was good. Scenario: 1) Market to test 4183-4190. Long if supported 2) Daily chart we see an uthrust bar has formed, this is weakness, so don't be surprised if support is broken, target could be 4148. Like and Follow if you find this useful : ) Have a good trading week ahead!
OANDA:SPX500USD
by paradox677