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Spx500analysis

SPx 4H : Above 4395 will be more bullish SPx New forecast The price of the index rose yesterday and some positive trading appeared to stabilize above the level of 4353, trying to confirm the positive continuity and reaching 4395, which in turn currently constitutes a new resistance and stability above it will facilitate the task for the price to reach 4427 and 4445. Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price towards higher , but to confirm the bullish trend should stable above 4395 and then our target will be activate , taking into account that stabilized under 4353 will force the price to make a correction before any new high. The expect range trading for today it will be between the resistance line 4395 and support line 4353. Additionally Today ,New York sessions will affect on the Indices . support line : 4370 , 4353 resistance line : 4395 , 4427 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:SPX500USDLong
by Arazmajeed
7
S&P 500 - Bullish Continuation for 2024█  OVERVIEW Since 2022, the S&P 500's consolidation efforts seem to be coming to a clear Head and Shoulders pattern, completed by a recent 3 bullish drives pattern. While it would be naive to think a straight beeline to 5000 is in play, the current price of 4350 is suggesting a return to new highs in early-mid 2024. This is likely to be in sync with the Federal Reserve rate hikes and the resulting market adjustments made at each announcement by Chair Powell. Sharing this as an educational/informative learning opportunity of technicals playing in sync with fundamentals. █  CONCEPTS Head and Shoulders The inverse head and shoulders pattern is a widely recognized technical chart pattern seen on analysis across this platform. Primarily, many see the pattern used in potential trend reversals in various types of markets, particularly in stocks, currencies, and commodities. The iH&S pattern consists of three main components: Left Shoulder: First phase that occurs during a downtrend. Represents a temporary low - selling pressure starts to weaken and buyers start to enter Head : Central and most important component of the pattern. The head forms after the left shoulder and becomes the lowest price level reached in the downtrend Right Shoulder : Similar to the left shoulder in that it represents another temporary low point in the price Three Bullish Drives First Drive: The first drive occurs after a prolonged downtrend, during which selling pressure has dominated the market. In this phase, the price of the asset starts to show signs of stabilization or slight recovery. Second Drive: Following the initial recovery, there is often a pullback or consolidation in price. This is the second drive, during which the asset's price retraces to some extent but doesn't make new lows. Third Drive : The third drive is the final and critical phase of the pattern. It occurs when buyers make a strong push to drive the price higher, surpassing the previous resistance levels and confirming the trend reversal.
SP:SPX
by kingthies
SPx 4H :Support further rise SPx New forecast The price of the index rose in yesterday’s trading with strong positive pressure as a result of its repeated stability above the support represented by the level of 4205. We notice the formation of an upward impulse, thus compensating for some of the losses achieved recently, to exceed the stable barrier near 4230. Therefore the upward trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up We will begin to expect more bullish corrective attempts, which may soon target the 4300 level, and surpassing it will reach 4325 also it is possible to do retest to 4230 and then rise up. The expect range trading for today it will be between the resistance line 4300 and support line 4230. Additionally Today ,New York sessions will affect on the Indices . support line : 4230 , 4205 resistance line : 4300 , 4325 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️h
OANDA:SPX500USDLong
by Arazmajeed
14
SPX Market Crash (upcoming) - 35% why?Hi Everyone, A summary of the last 5 recessions since 1981... These recessions triggered declines of at least 20%. The Great Recession from December 2007 to June 2009 was the one that most affected the market with a decrease of about 57%. Regarding macroeconomics, the Americans are currently implementing a monetary tightening policies and have announced a final interest rate hike before the end of the year, so in my opinion, a recession is now inevitable. The SPX is currently forming a tweezer top on the 3-month timeframe... In my opinion, a 35% decline is possible to test the M Neckline (entry gate).
SP:SPX
by Crypto_Mercy
3
S&P 500 ForecastS&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%. Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage. From a big picture point of view, S&P 500 continues to consolidate in the range between the support at 3915 and the resistance at 3975. RSI is in the moderate territory, so there is plenty of room to gain additional momentum after the CPI data and the Fed decision. If the CPI report shows that inflation is slowing down, the current consolidation will serve as a good base for an upside move. However, it should be noted that traders may remain somewhat cautious ahead of the Fed decision.A move below the 50 EMA, which is located near the 3915 level, may be interpreted as a sign of an upcoming sell-off. S&P 500 received strong support near this level, so traders may rush out of their long positions if this support level is broken we still in down trend and we should break the yellow line and back 4100 level The Fed is still playing catch up to tame rising prices after its protracted gross mischaracterisation last year of inflation as ‘transitory’ and its initially timid steps to withdraw monetary stimulus, The world’s most powerful central bank is now confronted with two unpleasant choices next year, crush growth and jobs to get to its 2% target or publicly validate a higher inflation target and risk a new round of destabilized inflationary expectations. I think Rather than fall to 2-3% by the end of next year, U.S. core PCE inflation will probably prove rather sticky at around 4% or above.
SP:SPXShort
by moonypto
8
Was this the worst trading pair during the month of August?I believe that US30 and NAS100 are currently in a league of their own, one where it is so manipulated that not even SPX500's micro-movements can even keep up. If you found yourself in some bad trades with SPX500 recently, I wouldn't let it get to your head. Clear your brain! Good luck this week. How to play my chart: Buy at support TP's (green), sell at resistance TP's (red). When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays! All likes/comments and feedback are very much appreciated!
OANDA:SPX500USDShort
by ExclusivelyFX
1
SPX to new highs SPX loves cups and handles. All the highlighted Cup & Handles on daily have played out beautifully so far, they all have been to the upside so far, but now we are making one to the downside with targets towards 4150. Then how do we reach new highs? If we zoom out to monthly TF things become clearer. As long as we stay above 0.5 or close above it on monthly, we have a chance to make new highs in a year or so. I have highlighted several upside targets based on where we bounce from on monthly.
OANDA:SPX500USDLong
by zakoraio
Where to from here on SPXI posted this chart few weeks ago as a follwup to my short to show few possible paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a possible break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea. The only difference is that , this happened bit slowly than I anticipated , which makes this drop out of the channel less likely to be a deviation now. As you can see we are bouncing from the Suupport zone as I had highlighed in my previous post. Which brings us to the question where to from here. On The Daily TF we have first hints of a reversal or a decent size bounce from here , We have bounced from a key support and ended the day with right candle stick on the daily, but we need one more day of price action to confirm the reversal. If we get another green day without breachnig the low we are likely to head up. But If we zoom in to 4h TF things become clearer. Lets Look at the follwing chart: On Friday we broke structure to the upside on 4h and created a strong low at 4336. That number is not random , Will cover this in the next chart. If we get a pull back and break higher than fridays high we will get a full Change of trend on 4h TF. Once we do we should be able to break all the 4h strong highs until we meet the Daily Strong high at 4502 which is what I think will be hard to break and we will get a strong rejection from there. From there we can do one of the two things , either come back down create a double bottom and try again to break the daily high at 4500 and continue higher. If not we will continue the daily trend by breaking 4336 low and head lower. Now lets look at why price bounced from 4336. Following chart has the answer. If you know VPA , then you know price moves in ranges , just like candle stick patterns are fractles , Ranges can act like fractles as well. In the chart you can see There are 3 ranges R1 , R2 and R3 that formed on this uptrend. R3 is the larger range that encompasses R1 and R2 and 4336 is the VAL of this bigger range and as Per VPA theory , price in a range keeps roughly bouncing between VAH and VAL of the ranges .If you look at the VAH of R3 it concides precisely with the Daily strong high at 4500 which gives us another conflunece for a rejection there into the Daily OB shown in previous chart. Finaly if throw regular old fibs and Gann Fan into the mix we get additional confluence for a rejection at the 4475-4500 region as shown in the chart below. 4475 rehion is a gann resistance and 4475-4500 0.5 to 0.618 region of the retracement. Speculation: If we do get a move like the one I have explained , i.e move to 4500 area and reject , we will have few pattern emerge like inverse H & S and cup and handle . I have highlighted the targets if they mature. But always remember all these patterns are pure manipulation to trap retails , it totally possible that there is a fakeout into the pattern where pa comes to lower 4300s and then reverses from there can creating yet another pattern a Double bottom so be careful , only trade confirmations based on market structure change. Happy Trading All !!!
OANDA:SPX500USD
by zakoraio
1