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.
Spx500forecast
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:
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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?
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?
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 :)
BUY SPX500USD Good morning traders ! Today we woke up on a signal to buy SPX500USD, as you can see on the chart we had a high volume spring box ( as I call it in my method ) which is an enough signal to buy, then we got a confirmation to buy when the price broke the channel with a high vloume candle. Buy it now and take as much as you can from the market.
SL and TP place them on your own !
Spx500 Weekly OutlookShould start this week with 2 or 3 bearish days until we get into the FVG. From here we can look to take longs as a reaction from it being filled. Not sure if it will switch bullish but should get a good push up from there at the very least.
Goodluck this week and feel free to leave your opinion below!
Spx500 Short SignalJust set a sell limit right here on spx500. Had a nice bullish run but didn’t break the high or low. Also the weekly will likely still close bearish so I expect price to take out those lows. Have a nice 15m shift leaving some imbalance to fill and have my stop above the swing High. Use proper risk management and fingers crossed we get triggered in after this nice bearish 4h closes!
SP500. TURNED UPSP500 TURNED UP - it's a matter of time, we can leave the current price, we can from a level that is lower, so everything is going according to plan, the way up for bitcoin is open.
#S&P500 Neutral Outlook #S&P500USDThe S&P500 turned bullish last week as it break through the three Crucial Resistance levels which can be tested as support now: the LL Trend line of 2022, the H4 MA200 and the 1D MA50. The natural target zone is the range consisting of the February Resistance (4595) and the 0.618 FIB Level
But the Significant TA Development of the week, is the formation of the Golden Cross on the H4, which happened for the first time since Dec 21. However, as the H4 RSI turned lower on LL and LH, which have been explained by drawing the March 03 sequence ,so it is more likely to see a pull-back first, towards the H4 MA50 and 0.382 Fib initially at 4370-4380 and then the 0.236 Fib at 4270 -4280. Since the channel is potentially Up, that should be considered as Buying opportunity. Price Action below the HL trend-line may impose risks to turn the long-term sentiment bearish .
and obviously the pull-back case will be invalidated if the S&P500USD breaks above the 4595 LTF Resistance first, in that case the 4820 (ATH) will be targeted.
SPX500 Weekly Game Plan $SPX500 Game Plan
As much as I hate opening a position against the trend, these are two levels that I will be observing. In an ideal scenario I want to open the short upon confirmation. What does this mean?
If price reaches one of the two levels - $4524 or $4586, I want a small retracement followed by a double top or lower low. I can then open a short position with a stop loss above the recent high.
For the first order that would be somewhere around $4547, and for the second order that would be around $4617.
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P.S. I've been inactive for the past month, so I do apologize to those following me. I am picking up the trades again and soon I will release my new core trading strategy, which relies on trend following and so far has been very promising on indices and commodities, which is what I mainly trade.
Top of the Top of the TopTake your seats and Prepare for the 4th Turning.
De-dollarization is occurring before our eyes.
The game of musical chairs is coming to an end.
We will be lucky to get away with a debt crisis.
The more likely outcome is a currency crisis.
Your currency is not money, it is fiat. It is important you understand the difference. The thing we call money is fiat credit created by banks via loans. Everything is driven by debt and loans. AKA your life is driven by debt and loans. AKA your life is debt and loans.
How did it get this way?
www.atlantafed.org
But don't you know the Wonderful Wizard of Oz?
Remind me... what does the wizard do in the end?
Note: This is Not financial advice. Just what I see.
Confirmed bear trend on SPX!! CRASH COMING?Spx has just had a confirmed trend on the weekly to the downside. Is there a potential crash about to happen? Inflation is through the roof, The us has stopped printing money, Interest rates are going up this year in most countries...... What happens next?
We are due for a correction at least. We have a correction every two years. Looking at all the data most corrections have a pullback between the 13-20% mark. Bear markets hit at least the 35%- 50% mark. If the bear market is happening we will see price drop to the 2020 lows.
You have to look at all the facts, do yourself a favour and go look at some of the top companies in the world
Netflix
Uber
Paypal
Zip pay
Meta (facebook)
Alibaba
Tesla
These companies have fallen near 50% and so has the crypto market.
Google and amazon have an unconfirmed trend at the moment however i highly predict they will make a new low on the weekly. How far will we drop no one knows. However you can look at this as opportunity to get some great buys coming up in all markets.
Invest safely
SPX Zig Zag ABC for Cycle Wave 4Hi everyone, SPX is currently playing Impulse Intermediate wave 5 of a Main A Wave. Most probable targets for this Wave 5 are 4212 and 3976. Because last Wave 2 (in blue) was very strong, im expected at least a troncated wave 5 at 4212. 4358 (100% of fobonnacci) is the 1st possible Wave 5 target but i would be very surprised if the market makers are not bringing the market down to 4212 because a double bottom would provide us a better bounce back for the next B wave and can at the same time create a bullish divergence on lower timeframes like the 4 hours or 1 day chart. We should not forget that the last january 04rt SPX began a Cycle wave 4 retracement. Here are the most probable targets for this full Cycle Wave 4 Retracement :
0.24% = 3878.24
0.30% = 3643.26
0.382% = 3322.12
0.50% = 2860
0.618% = Golden fib at 2398
We must keep in mind Cycle Wave 2 of SPX was pretty strong in March 200, which make this Cycle Wave 4 more chance to be light. Usually most probable target for a W4 is in between 0.3% and 0.5%. With inflation currently slowly stablizing a little , 3643.26 or even 3878.24 are on the table and pretty realistic.
For now im projecting the next B Wave in between 4443.89 and 4729.88.