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Spx500forecast

S&P 500 inverse Head and Shoulders Chart PatternWe are on the daily timeframe and we can see that historically buying the S&P index on RSI lower than 30 is an opportunity. Current S&P 500 PE Ratio is decent: 20.34 Min: 5.31 (Dec 1917) Max: 123.73 (May 2009) I have 2 scenarios: 1. Inverse head and shoulders chart pattern with a price target of $4900 by the end of the year. 2. Worst case scenario: bull trap at $4150 an retracement to the pre-pandemic level of $3390. I tend not to believe this scenario because of the too low price per earnings ratio of the S&P. Looking forward to read your opinion about it.
SP:SPXLong
by TopgOptions
6
Weekend Update: Friday's Rally Held Into The CloseDue to plans this weekend I'm writing my weekend updates early for my followers Aristotle is quoted as having said. "It is the mark of an educated mind to be able to entertain a thought without accepting it." I entertain thoughts of alternative patterns constantly, but always rely on a primary count to follow through first and foremost. But with Fridays late strength...and by strength I mean NOT tanking before the weekend which would have been the easy way out for traders on a Friday afternoon....my BLUE Alternative and my BLACK Primary Counts have become equally probable in my opinion. Does Friday's session change my perspective on making new lows. No. Not yet. I say not yet because I want to remain agnostic to one gyrations. The pattern simply does not look complete without a thrust down to new lows. However I will not rule out we go slightly higher before lower lows. On the chart I have a region called NO MAN"S LAND. This is an area if we can rally to can turn into an ending diagonal that would ultimately reconcile in the target box...but would just take time. The loss of positive divergence on the daily chart leaves many possibilities to how we bottom but NML makes things more complex. Over 4320 and I can no longer be sensibly looking for lower lows unless we rally to 4500-4600 and top in a B wave before we truly crash down. I encourage each of my followers to study my chart above. BLUE and BLACK are equally probabilistic. Whereas NML kind of takes the simple and screws that up. I favor the simple (low 3700's next week) , until it becomes no longer sensible. Best to All, Chris
SP:SPX
by maikisch
Evening Update: OML - SP500, then it's champagne till 5200I'm going to start with more of a micro view to show you we are about to bottom. Now, if you're watching Fast Money on CNBC or Reading Barons, you're not going to agree with a thing I'll write tonight regarding the SP500. But this market rally ship is about to sail. With or without you. This is my first regular post on the SP500. I plan on doing an evening update Monday through Thursday...and then a weekend update. Major wave III of 3 completed on January 4th, 2022 and since then we've been consolidating in a wave IV (which is almost done). Wave 5 of C of IV which is my primary count is represented in black arrows. Purple count is my ALT but at this moment still probable. With OML we should be bottoming in the intermediate term. I don't want to get ahead of myself but the 3950 to 3881 level looks like a high probable area. Tomorrow is Friday so no evening update. I'll post a weekend update. Best to All, Chris
SP:SPX
by maikisch
S&P500 - Quick Chart AnalysisFor what it's worth, I'm dropping a very basic analysis of the current price action for S&P500. It seems that the price is resting on the middle trend line of the descending channel. The risk-takers might want to open a long order at the current level of $4,150 with a target at $4,400 and a stop loss below the recent lowest low, which is $4,060. I personally will be trading with the trend and have an order set up at $4,400 to short the index. The stop loss is slightly above that level.
CAPITALCOM:US500Long
by Quant_
SXP500 Index: Stumbled and fell.Today we are here to talk about the SXP500 index. Today: The index is trading at 4287. In the last trading session, we saw a sharp increase to the 4315 zone which I expected earlier here is a link to the idea. What's on the market now: Today the market will be in the phase of fixing the profit received yesterday. Globally, the market moves to the 3780 zone. And yesterday it formed a local peak at the price of 4308. What are we waiting for today: We are waiting for a movement to the level of 4220 and a further attempt to rise to 43 35. What I recommend: If you want to open short: It is possible to open short positions only on rollbacks 4300 – 43 35, while limiting risks. If you want to buy: Longs are prohibited. Possible sharp movement to the zone 41 00 If you want to ask a question about an idea: If you would like to get more info, contact me in the comments below. And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge. Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice. Don't forget to subscribe to my channel. I post SPX 500 analytics every day, so check back tomorrow! See you next time!
SP:SPXShort
by kvatoo_FX
SPX500 with potential Peek-Sell!Hey tradomaniacs, SPX500 has tested the current upper trendline and could continue its way down as recent attempt to break has got rejected with a fakeout. As always I`m very cautious here due to the current volatility and uncertainy of the market. Generally we can assume that rising rates are putting stocks under pressure which is why I`m currently staying on the bearish side. A breakout could of course cause another correction to the upside, but as long as this level holds we have a potential peek-sell here in case of another rally sell-off. What do you think?
OANDA:SPX500USDShort
by Trading2ez
SPX500 likely to FALL!Hey tradomaniacs, recent action in the orderbook has shown a stop-hunt right above the key-resistance-level as one aggressive buyer has pushed price up into a roof of limit-orders whose got reloaded. So far I expect the market to fall as the entire sentiment is pretty bearish.. only the key-support-zone (Weekly) is the reason for a run up as it is so significant to hold in order to to prevent a new and strong sell-off. However, market-depth clearly showing signs of a another move down within the range, but be carefull with volatility! What do you think?
OANDA:SPX500USDShort
by Trading2ez
Long SPXLong SPX at 4390 TP at 4600 SL (Not set in stone but a close below 4375 and I will walk away from this trade) We have seen some bullish movement in SPX in the last few days as it has broken the downward trending channel. Yesterday, we saw a dive back to the 4390 lvl where I have entered this trade. The downward trending channel will now act as a support as well as the 4375 fibbo support level and I don't expect to see it close below this level. Good luck - shout if you have any Q's :)
SP:SPXLong
by WhosPipsAreTheseAnyway