#S&P 500 INDEX In its decreasing movement after breaking the trend line, it has created a very harmonic and beautiful trend with a greater slope than the higher time.
Currently, in dealing with a resistance level from the previous movements in the range of 4136.85, three ranges are expected before the range of 3898.11 in the areas:
1-4045.50
2-3996.74
3-3935.98
touch There is no need for the trend to reach all the above goals. The price moves towards the trend line with a lower slope.
In case of unexpected performance, the ceiling of the previous pattern in the range of 4320.08 is considered an important range.
Spx500analysis
SPX500 > Bullish Outlook is Very Likely if the Support HoldsThe SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction.
The stability of support levels at 4000 and 3990 depends on the Fed's rate decision. If rates are hiked more than 50 points, the market may turn bearish, and if support levels break, the price may retest the consolidation breakout's top. Key levels to watch include 4000 and 3990.
I would appreciate your support and opinion of this idea. Let's watch the level mentioned with an eagle eye.
S&P500 Technical Analysis-2023Hello everyone, hope you all are doing good.
Bullish Probability:(at least one or two weekly candle closes above 4100 than there is a possibility of this playing out).
There is an active Bullish Divergence playing out in RSI, so there are chances S&P500 may put new high above 5k.
If S&P500 put new High, then it can be a Triple Bearish Divergences, so after that it can be a massive dump of markets.
In this case the 1st Bottom will be 3500, so the 2nd Bottom can be massive drop from 5k to 2000, previously S&P500 dropped its 2nd Bottom from 1580 to 670(-57%).
Bearish Probability:(at least one or two Weekly candle closes below 3700 than there is a possibility of this playing out)
Currently the Fractal of SnP500 looks like similar to the previous oct-2001 to july-2002 Fractal.
S&P500 -> falling in a Descending parallel channel -> Breakout/Fake Out little and finally put lower low or 1st Bottom.
If this plays out than RSI may fall below 30 - invalidating the current Bullish Divergences. (Sometimes Divergences get invalidated due to forceful movement of Markets).
Target = around 3200 OR there is a possibility to fall on the sky Blue trendline.
Thank you, please like and share, if you have any questions please comment.
SPX is getting close to it's target boxThis was the title of the last update, which got deleted by the tradingview:
"SPX can still make a higher high next week - Jan 19th update"
I cannot attach the image but will post it another place, look for info under my bio
Since I get banned not even mentioning a site, I will post here only 1-3 times a week.
I don't want to waste my time on bringing business to this site.
SPX is near its completion move for the C wave up I have had for over than a week now.
Targets are at 4065, 4090 and 4110
We close near the first one; tomorrow is the PCE numbers report, which should move the markets.
But today, we didn't move on GDP numbers, when before, it was selling off on hot numbers.
So the real move might not come till actually the Fed meeting on the 1st.
We had a wall into the close, which is a bearish signal and usually ends up with a gap down the next day.
As long as we won't exceed Dec high, I'm looking for a move down to 3700 handle if not more.
Watch that yellow trendline, it's been a bear-bull line since 2009, and the price is still below it!
Night
SPX has crossed 200 DMA for the fourth timeS&P500 has crossed above the 200 DMA for the fourth time.
It is a critical rejection zone that will decide the fate of bulls vs bears.
It would be better to wait for price to move above 4 % of 200 DMA before taking a bullish view due to the past rejections at 3.35% and 2.62% approximately.
I would consider 4,132 level to be safe for long trades and would stay bearish below this level.
The bullish scenario for SPXIn my last analysis, I presented a bearish scenario for the SPX. I was convinced that the index would drop because of the following reasons:
1: The price is falling within an hugh falling channel.
2: In that channel, the price recently made an rising wedge, which broke bearish, making it likely that the price will continue to fall down.
3: SPX broke the resistance zone, which was support at that time.
We did see the falling down part. However, the price seems to be finding support at the mid level of the rising wedge. This begs the question: "Is the price actually bearish?"
At least on the short term it seems like it isnt. I am intereseted to see wether the SPX can rise above the resistance zone, while breaking the resistance of the channel. For now, i'll stay short term bullish with a longer term bias to lower prices.
SXP500 Buy / Sell ??Pair :- SPX500 Index
Description :-
After CONSOLIDATION Phase it made a Long IMPULSE Move in Long Time Frame
We also have BREAK OF STRUCTURE
In Short Term we have Corrective Pattern " BULLISH CHANNEL " we need to wait until it Breaks the UTL or LTL
We need Strong Rejection / Breakout from DEMAND / SUPPORT then we can have a Clear Direction
SPX January Monthly Volatility Analyis 2023 SPX January Monthly Volatility Analyis 2023
Currently the IV for SPX is at 6.25%, down from 6.67% last month.
From the volatility current percentile we are located on 58th place, and based on this we can expect the monthly candle to make the next aprox movement:
Bullish : 6.544%
Bearish : 6.106%
With this in mind we have currently 81.1% that the market is going to stay within the next channel
TOP Limit: 4154
BOT Limit: 3635
If we are going to take a look into the previous monthly high and low points, currently there is a :
38.18% to hit the previous monthly high
56.52% to hit the previous monthly low
Lastly from the technical analysis point of view, currently ( going from -100 to +100)
Weekly Timeframe : -26.67% of rating moving averages is indicating BEARISH
Monthly Timeframe : -13.33% of rating moving averages is indicating BEARISH
S&P500 Analysis 29.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
SPX quick weekend updateIm on the road all day today, my connection flight is being delayed over 4hrs now.
Had no time do a research, so can be wrong or can be right:)
First of all Fri low came exactly on CPI gap open! I did tweet about it on Fri that I expected that number to be at least good for a bounce. It just stopped there.
Closing above afternoon highs is usually a bullish sign going into Monday.
But making new lows on Fri means that more weakens to come next week, which I do expect to happen with a low to come on the 22nd.
21st is a winter solstice, can mark a low or a high, I expect a low in 3750SPX zone.
My best thinking is that we either make a low to 3808-12SPX tomorrow or just go up from the open to 3950-60SPX high but Tuesday am.
There is also a resistance at 3900-11SPX and 3933SPX.
If we do see 3808SPX tested in am, I will be only long for a Tuesday high, then short for the 22nd low.
Timing is everything in out business, so that would be my plan for tomorrow's trading.
Hope I get home at least not as late.
BTW there will be a big announcement tomorrow, stay tuned!
Have a profitable week!
SPX closed at important support lineLook where we closed today, exactly on the support trendline
The CPI gap open is at 3865, opening below tomorrow will flush in am down to 3808.
Holding here can spike up the price for a gap up open.
Thats is why I have no strong conviction on tomorrow's open and direction, like I had on yesterday's close.
So I will leave it for the night monkey's do decide.
Ideally we run up into 2am and sell from there.
Regardless tomorrow will be wild imo
SPX so far so good from yesterday's updateI was sleeping in today after my BD celebration yesterday and what a present I got:) The only issue is I didnt short 2am last night as was looking to do it and tweeted about it!
Good I got some of those lotto puts (tweeted yesterday as well)
We got a gap down I was looking for, hope people are not trapped long since yesterday as I warned so many times as well as tweeted!
Now the question if SPX gets below 3832-31, then it should close at the lows and the next support will be at 3808 (target I was looking for for last several days)
Usually these types of moves are ending up with closing at the lows, so if we get a bounce, I will short it to exit either tomorrow am or AHs
SPX pathway into 19th lowThis is the best I can come up with today. i didnt do much research today.
Want to see a lower low in am and bounce after the Interest rate decision, then the whole move will be faded after Powell starts talking.
Short around 2am, buy am low for the interest rate decision and sell that rip (if we get one) right before Powell starts talking.
Thats my plan for tomorrow
I have a price to short at 4044-47SPX and 4080SPX, those are the levels to watch, especially the second number.
ES resistance is at 4090-99
Its my BD tomorrow, might be less active, but will try to tweet my trades.
Resistance levels are the same
- 4028-34SPX
- 4100-4110SPX
Main support on closing level is 3933SPX.
I still think we should see 3748SPX gap filled this month and 3212SPX early (Q1) next year
Are we in a financial crisis?We are all asking ourselves the same question, are we in the next big financial crash or is the worst already over?
To answer this question, let's look at the S&P 500 since the beginning.
The S&P has only seen one really big/long correction in its history and that was triggered by the Great Recession in the 1930s and the following Second World War.
Since then, the S&P 500 has only seen one strong uptrend.
If we take a closer look at this uptrend since WWII, we can see very clearly the subordinate waves 12345.
1. impulse wave: recovery after WWII and start of globalisation.
2. correction wave: 1970 recession and oil crisis
3. impulse wave: digitalisation and increased globalisation (EU, China, etc.)
4. Correction wave: dot.com bubble and 2008 financial crisis
5. impulse wave: digitalisation and automation of value chains
The two correction waves were each triggered by major negative economic events.
The individual phases are shown in time in the chart below. A certain temporal correlation can be seen. The upward trends lasted approx. 8700 to 9100 days and the downward trends approx. 3300 days.
Current situation
Currently we are in a strong uptrend that has lasted since 2008 and purely in terms of time has lasted only half the time than the two previous uptrends.
But the economic situation is worse than in 2008 and worse than in the 1970s.
Economic situation
- Extremely high energy costs and production costs weigh on businesses and households
- Interest rate hikes put additional strain on the economy
- The higher interest rates are to remain for the time being in the medium term
- Higher costs mean lower profits
- Lower profits and higher capital costs mean less investments
- Unstable housing market in the USA, Europe and China
- Industry and trade under massive pressure
- Stock market still largely overvalued
- China - Taiwan conflict
- Ukraine - Russia conflict
- Unstable society
- Etc.
All these individual events are having a negative impact on the global economy and together form a perfect foundation for a deeper recession. Many negative effects will only become apparent in the coming months, especially in the companies' key figures.
In previous crises, even minor problems have led to crashes.
Therefore, we are preparing for a falling/stagnating economy in the coming months, even years, which will also have a corresponding impact on the financial markets.
In the current economic situation, to assume that the correction is now over and that we are now testing one high after another again can be very dangerous.
We do not assume that the next few months will only be downward. Every overriding downward trend also has its (major) counter-corrections to the upside.
Therefore, we may also experience months of euphoria and months of stagnation.
Moreover, we do not expect such a strong and prolonged correction as in the 1930s, as sentiment was much worse then than now.
The correction course shown in the chart is only symbolic of a correction.
Pessimism - Realism
We do not represent pessimism here, we represent realism.
We want to encourage you to think about this realistically. In the current crisis landscape we are in, can you imagine that the correction is now over and we will test one high after the other and see an all-time high again in a few months? Especially considering the previous crises, what triggered them and how long they lasted.
We no longer ask ourselves whether the crisis will come, but only how long it will last and how it will proceed in order to use the movements profitably.
Price target of the correction?
The previous corrections (1970s) & (2000 + 2008) were each able to form a bottom between the 0.5 and 0.618 FIB level and start the next uptrend from there.
Projecting this onto the current correction, the price target of the correction would be around $2,500, which can also be confirmed very well on the chart with resistances, trendlines and many other indicators.
However, this is still very difficult to judge in the current situation, as it depends on an enormous number of factors, which are not yet meaningful enough, after all, we are only at the beginning of the correction.
We hope that this article was helpful for you and that you may now look at the current situation from a different perspective.