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Spx500forecast

SPX has turned positive?US500 - Intraday - We look to Buy at 3674 (stop at 3598) Following yesterday's bullish candle, the overall trend higher looks set to continue today. A weaker opening is expected to challenge bullish resolve. Support is located at 3670 and should stem dips to this area. Preferred trade is to buy on dips. Our profit targets will be 3850 and 3900 Resistance: 3850 / 4150 / 4630 Support: 3670 / 3270 / 3000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
SPX must take 3675 for higher levels to be seenI really want to see 3675SPX tested and then a move above it after a retracement. The down trend channel is important here, so all eyes on 3675SPX! Im out from my Fri longs at 3645, will re-enter Also closed my SPY 346 calls at BE, very happy with not loosing there:) Please note, all the purple lines are the unfilled gaps! P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
11
SPX500 Update to Sell IDEA (L taken)To go over my thought process with this trade -- I realized We are going over those highs -- We had 3 distinct BSL zones look intreaguing -- The funny part is my Initial Entry that I was targetting ALL ALONG was correct.. This is the trade I am currently in targetting 3628.75. -- SL NOW AT BE - We had distinct lows all 3 were higher lows than the other.. However, today we broke the previous low from MIDNIGHT EST at 9:40AM right before the news came out. We come to take all the Internal liquidity created within NY session to then continue the sell. We had a Breaker and FVG waiting to get tagged as well as the Breaker from the previous low that was taken earlier this week as resistance. There are other confluences I just can't think of them at the moment but will add any notes or anything interesting below this thread.
CME_MINI:ESZ2022Short
by BDripTradess
15min SPX is about to give buy signal, but will fail imoVery weak day today. I want 3636 test and fail from there to close at the lows. Very important level to watch on closing level as mentioned before. So many are trapped since yesterday and the gap might not close till Wednesday next week at min imo Also no one would expect another 100 points trim tomorrow, everyone is looking how "oversold" it is and pray for a bounce. All we get is muted reaction and more selling. Tomorrow should mark temp bottom imo
SP:SPX
by RealTima
7
SPX is looking lower as wellI wanted one more high today to short and the price is just so weak, its unreal! This was my NQ update from last night No more longs for me till the quarter end tomorrow! All eyes on 3636 and 3600SPX on closing level! Closing below 3636 will bring mid 3500 (3555-45) next, then 3500. Closing below 3600 could cut another 100 points plus tomorrow! So far it bounced off my support (grey line below the price), that support is less important then 3636! So be very careful here! Also I wont aggressively short it, as the window for the low is tomorrow/Sunday (for futs) I will be taking off all my swing MNQ short tomorrow and wont hold over the weekend. Next week should get us a relive bounce into 6-7th high, then this can continue! Closing the month below 3600 will bring 3200 on the table for the next month or Nov too be seen This is not the time when you go all in with longs, have stops or wait for the extreme levels to come to enter (much safer bet)
SP:SPX
by RealTima
3
SPX quick update15min is diverging down, watch for 3731-32 print (I have few to short there), we came close enough though. That resistance line above it what must hold on any test, it will be quite bearish if it does today/tomorrow. Needs a gap up to confirm the low is in. I have trimmed my longs and entered with SPY Oct exp 351P, also have order to short at numbers mentioned above. For tomorrow Im looking for a higher low and move above that resistance to test the trendlines above at 3750 3750-60SPX is the next resistance after 3725-35SPX Im not shorting here till I see my 3731
SP:SPX
by RealTima
32
SPX Main resistance is at 3752-55We didnt get lower open I was expecting, instead it gaped up. Im not trusting this moves up till new low is made. This week should be green going into next one imo so have to mind that. Mon/Tue are the days for the temp low and since we made a higher high, it seems we got one yesterday. Will be watching levels to go long. Main support in 3680s (if it gets there, I will be starting with some longs) Supports are on the chart, below the price
SP:SPX
by RealTima
13
Very important place to hold, I think it wontSo close to new lows. DOW already made one last Fri. SPX to make today or tomorrow imo. Too many stops below that low Jun low, Im sure algos will shave those, before turn. Fear and Greed is at Extreme fear levels, VIX is above 31-32, perfect bottoming indicators to me Below the support line (3662-58) we will see 3636-20 and my ideal target 3588 Im not going long till tomorrow BTW ES already broken support and last night low and just needs a continuation
SP:SPX
by RealTima
23
SPX pathwayThis update works only if we wont flash crash tomorrow from the open or even pre-market. Next week is a directional change week! If we hold 3636-40 on closing level it will be quite bullish imo. But I still think we will deep down to 3588SPX before it finds a good bottom. Timing is limited for Mon/Tuesday am only, so tomorrow's action is very important. I think we bottom either tomorrow or Tuesday. Regardless of that low Im going to watch Tuesday higher daily close to mark temp bottom. Ideally we see 3960SPX on the move up by early Oct. But it can be limited to 3830SPX Going to start buying tomorrow if we hit 3636-40SPX and add at 3588SPX. My pathway is this: - bottom on Tuesday - up move into 3rd/4th - down into Oct 7th Dont get trapped with shorts next 2 days!
SP:SPX
by RealTima
29
$SPY $SPX - #SPY #SPX Where is the S & P 500 Index headed next?On Friday September 23rd, the FED held a very important meeting to discuss the current issues that we are facing economically, while most of the comments were bleak, there were a few clues that our supply chain could finally see a light at the end of the tunnel by next year (not without heartache of course). The largest issue we are facing is supply chain & employment retention issues. The supply chain will be slowly improving now until the end of the year. If you are following my social media page, I've stated that shipping prices will see a decline beginning this week (shipping is a large part of our supply chain issues). The second large issue is understaffed production. I believe this will adjust as more corporations begin laying off workers, the job market will tighten, making entry level positions more competitive. Real Estate will get slaughtered into the New year to make housing more affordable, but keep in mind we do have a shortage in homes (considering how many millennial/gen Xers are still living with their mamas). New home builders cannot profit with high inflation, high interest loans and a declining real estate market. The will begin to pay off debts first to avoid the new high rates and then buy back single family homes to flip for profits and/or buy back their own beaten down stocks. As FED pivots, homes will get purchased again so not at all am I expecting a 2008 scenario. When the FED decides to pivot, the best place to hold cash will be BITCOIN, GOLD, SILVER, STOCKS, (possibly real estate if you have cash on hand) ect and at that time $DXY will drop and the Dollar will no longer be the best store of value. I listened to the entire 2+ hours of the FED meeting and after analyzing the current data and Jerome Powell's hawkish nature, I'm NOT expecting a big bounce in the S&P 500 Index anytime soon. The shorts are piling in and for good reason because we will definitely drop down and make a fresh low this year. A pivot in our current sentiment isn't happening next month, the bounce going into October will be much weaker than the previous one we just had, maybe just to squeeze enough shorts out of existence before actually making the plunge into the final accumulation pattern. I will keep updating my thoughts as more data is printed but for now this is an estimate of how I see the price action flowing on The S & P 500 Index. Happy Sunday!!
AMEX:SPYShort
by ChaldeaCode
2
S&P500 | RECESSION FEARS GROWWorld's Equity Market trumple as Fed continue to raise interest rate and there is no hope to cut the rate in near sight. DXY is the only winner since the second half of the 2021. Oil price moves more downside as recession fear grow and we might have entered in recession way before. This is the analysis of S&P500 which is the major benchmark for the performance of how stock markets are doing all over the world. Currently the benchmark index is at key support of EMA200 level which is 36000; a) This is the same horizontal level where price got bounced on 13th Jun 22 b) EMA 200 resides at the same level. Let's talk about if this support doesnt hold; a) We have series of Lower Highs forming an indication of bearish trend. b) The RSI is in bearish territory where sell on strength should be adopted. c) The Harmonics ABCD will complete at 32K which is also a good horizontal support. Where do you see the market heading?
SP:SPX
by TradeTrio
2