Spx500analysis
US500 S&P Technical Analysis and Trade Idea Taking a comprehensive view of the US500, we observe a prevailing bullish trend, particularly evident when analyzing the monthly and weekly charts. Although there was a recent minor downturn, the daily chart exhibited bearish movements. However, the overall sentiment is optimistic once again. Notably, we’ve identified bullish price action—a decisive break in market structure on the 4-hour timeframe—which could potentially shift the 4-hour trend to bullish. In our video, we delve into trend analysis, explore price action dynamics, dissect market structure, and introduce key technical analysis concepts. Toward the video’s conclusion, we present a trade idea. It’s essential to emphasize that this information serves educational purposes only and should not be construed as financial advice. 📈
SPX500USD - Bullish Momentum UnderwaySPX500USD has been undergoing some bullish momentum over the last few days. This may lead to a potential push to the $5350 region over the next few days. Further movement will take time to tell; but overall it’s currently looking good.
All 4 of our Core YinYang Oscillators and exhibiting Bullish Momentum; however since there is such low Volume, it’s hard to say how strong this momentum will be. Nonetheless prepare yourself for a potential movement upwards in the short term.
THREE BLACK CROWS appear on the S&P500In the weekly frame on the S&P500 index, there is a pattern called three black crows and it is a bearish pattern that will lead to a downward move in the upcoming weeks.
in July and August 2023, the same pattern happened and the market rebounded for two weeks then the downward move began to make the index retrace about 9%
As we can see on the chart the index stopped at the Fibonacci support level in August and last week also, so we expect the rebound will be to the 5208 points level and a new correction will begin.
US500 Guys, using the maximum filter for 3 days - signals were sent that everyone had arrived)
+ news seen today that everyone is long on shares)
will probably be damped soon
There has never been a total overheating of such signals.
SP:SPX TVC:SPX CBOE:SPX SPREADEX:SPX OANDA:SPX500USD AMEX:SPXL
There is also a strong downward signal this week
S&P 500 INDEX $SPX - Nov. 17th, 2023BUY/LONG ZONE (GREEN): $4531.84 - $4726.36
DO NOT TRADE/DNT ZONE (WHITE): $4380.94 - $4531.84
SELL/SHORT ZONE (RED): $4117.36 - $4380.94
Currently there is bullish momentum, as seen coming off the gap up from Monday close-Tuesday open, however; after this momentum upwards we have only seen price go sideways up to today. Price is resting inside a zone towards the top side where bulls can look for a breakout to start entering in longs. For bearish entries there would need to be some structural breakdowns for the bears to enter as the price approaches the $4380.94 level. Both the bullish and bearish zones can be widened to include the entry levels of the respective zones for early entries.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!