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Spx500analysis

Will the S&P500 Index Touch a New All-Time High(ATH)❗️❓📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not. 🏃‍♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines . 🔔I expect two scenarios for the S&P500 Index: The scenario of S&P500 Index falling to the broken 🔴 Resistance zone( $4,640-$4,540 ) 🔴 (as a pullback ) and rising again. In the second scenario, the S&P500 Index falls to the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and continues falling to the Fibonacci levels that I marked for you in the chart. We saw a bull trap in this scenario. 🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡 Price Reversal Zone(PRZ) 🟡and will decrease by at least ➖3% in the coming weeks. S&P500 Index (SPXUSD),4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SP:SPXShort
by pejman_zwin
7
SPx 4H :Support further rise up SPx New forecast The index price rose in yesterday’s trading and took advantage of the positive pressures to hold above the stable barrier at 4460. We noticed that it recorded significant gains by rushing towards 4500, suggesting an upward trend during the coming trading. Therefore the upward scenario will be remain valid and effective supported by moving average 50 , so as long as price trade above 4500 we will prefer the uptrend and our target will be 4535 and 4563 and to confirm the bullish trend should stable above 4520 then our targets will be activate , taking into account that stabilized under 4520 will put the price under negative correction to reach 4460 and then will rise up . The expect range trading for today it will be between the resistance line 4535 and support line 4500. Additionally Today ,New York sessions will affect on the Indices . Additionally ,Today News will affect the market . support line : 4500 , 4460 resistance line : 4521 ,4535 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
3
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