Get started

Spx500forecast

End of Bullish Supertrend? Journey from Support to SupportDear Esteemed Members, The supertrend was bullish, but two sell signals concluded with a bearish price action. The rejections happened around the resistance level from a previous top. The price is now below the upper green support level. I think the S&P 500 market will reach the next support level: around $4600. So, I'd consider a short position. You can target the bottom support level of $4600, but keep a stop loss if the market reverses from the proximity of the violated support level. You can observe a similar setup on my yesterday ES analytics, where I explained a bearish MACD, RSI, BBP, and MFI. Kind regards, Ely
VANTAGE:SP500Short
by Elysian_Mind
3
SPY S&P 500 ETF Price Prediction for 2024This was my article about the SPY S&P 500 ETF price target for 2023:https://www.tradingview.com/chart/SPY/l6U1M9dJ-SPY-S-P-500-ETF-2023-Forecast-CPI-Report-Prediction/ I was bullish, but not enough! In the July 2023 meeting, the FOMC opted to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at curbing elevated inflation. The prevailing consensus among market experts hints at a potential shift in strategy, suggesting that the Fed might commence rate cuts later in 2024 as inflation gradually aligns with the Fed's 2% target. Statistically, historical data indicates that approximately 11 months after the cessation of interest rate increases, a recession tends to manifest. This pattern places us around June 2024, aligning with my prediction of a dip in the SPY to approximately $430. Given that 2024 is an election year, there's an additional layer of complexity in predicting market behavior. Despite the anticipated mid-year dip, my inclination is that the SPY will conclude the year on a bullish note. This optimistic outlook hints at the onset of a 3-5 year AI bubble cycle, with the SPY boasting a year-end price target of $540. The integration of artificial intelligence into various sectors is expected to catalyze market growth and innovation, propelling the SPY to new heights by the close of 2024.
AMEX:SPYLong
by TopgOptions
BluetonaFX - SPX Forecast Ahead of Fed SpeechHi Traders! SPX is trading near its five-month high at 4607.07, and with Fed Chair Powell speaking later, the market could reach this level by the end of the trading week. Price Action 📊 After the break and close of the previous resistance at 4541.25, the market has refused to go back below this level for the time being, and an ascending price channel has started to form. This indicates that the bulls are currently in control. 4607.07 is the five-month high, and this is the next most likely target the longer we stay above 4541.25. Fundamental Analysis 📰 Later today, we have Fed Chair Powell speaking; therefore, we must be wary of his speech as he will mostly likely speak about the US' inflation situation, interest rates, and plans for the economy leading up to 2024. Support 📉 4541.25: PREVIOUS RESISTANCE BREAK Resistance 📈 4607.07: FIVE-MONTH HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
SP:SPXLong
by BluetonaFX
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
SPx500 sticks to positivityIn yesterday's trading, the index price touched the level of 4540.00 and then rebounded directly towards 4510.00, trying to catch its breath before resuming the main upward attack. The 4470.00 level continues to form additional support and the Stochastic indicator continues to fluctuate within the buying trend level. These factors support our bullish bias to remain waiting for the price to target the main target. Next stable near 4570.00. Pivot Price: 4495 Resistance prices: 4529 & 4558 & 4586 Support prices: 4461 & 4444 & 4405 The general trend expected for today: bullish
OANDA:SPX500USDLong
by Evar_Mayi
6
SPx500 4H pressing the barrierhello everyone,The index price repeatedly presented positive pressure on the stable barrier at 4422, with the aim of finding an outlet to resume the previously suggested upward attack. Currently, and with the main indicators of positive momentum presented, we advise waiting for the price to achieve the required breakthrough, to open the door to reaching additional stations, which may start from 4443 and 4464, respectively. While the failure of the breakthrough may force the price to form a temporary corrective bounce, attracting towards 4386, reaching additional support centered at 4353 before recording any new positive target. Pivot Price: 4422 Resistance prices: 4443 & 4464 & 4500 Support prices: 4386 & 4353 & 4328 The general trend expected for today: bullish with the breakthrough
OANDA:SPX500USDLong
by Evar_Mayi
SPx 4H : Support to decline SPx New forecast The index price fell in yesterday's trading and failed to resume the upward attack, forcing it to form a bearish corrective bounce, thus testing the initial support stable at 4353. Therefore the downtrend scenario will be more likely during coming period and targeting 4321 and extend 4300, taking into account that stabilized above 4370 will return the price to the uptrend and support the price to rise up . The expect range trading for today it will be between the resistance line 4370 and support line 4300 . Additionally Today ,New York sessions will affect on the Indices . support line : 4321, 4300 resistance line : 4353 , 4370 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:SPX500USDShort
by Arazmajeed
16
SPx 4H : Stability above 4395 will rise up SPx New forecast In yesterday's trading, the index price touched the 4395 level and then repeated the sideways fluctuation, while the general stability is above the support level extending towards 4370, this calls us to adhere to the bullish bias, which may soon target the 44270 and 4445 levels. Therefore the uptrend scenario will be remain valid and effective during coming period supported by moving average 50 ,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 postponed the bullish waves and will put the price under sell pressure . 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
8
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
SPx 4H :Trying to retest SPx New forecast Despite the weak trading of the index price yesterday and its repeated stability near 4353, this will not affect the main upward path, so we will maintain our bullish bias, but before that the price will try to form a downward correction, and after that it will rise. Therefore the price will try to formed the negative correction and to confirm that should stable under 4353 and then the price will try to reach 4341 and breaching that will extend to 4321 , taking into account that stabilized above 4370 level will force the price to return the main bullish trend and targeting 4395. The expect range trading for today it will be between the resistance line 4395 and support line 4341. Additionally Today ,New York sessions will affect on the Indices . support line : 4353, 4341 resistance line : 4370 , 4395 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:SPX500USDShort
by Arazmajeed
SPx 4H :Above 4370 will support to rise SPx New forecast The price perfectly fulfills my last idea and price reached to our target +150 pip . The index price rose last week and reached to our targets and confirmed its move towards the upward path by rushing above the 4321 level. We expect the price to resume the upward attack, waiting for stability above the 4370 level to confirm the continuation of the upward trend. Therefore the upward scenario will be remain valid supported by moving average 50 ,but to confirm the bullish trend should stable above 4370 and then our target will be activate and will reach to 4395 and 4427, taking into account that breaching the support level 4354 will force the price to formed the negative correction and then will rise up . The expect range trading for today it will be between the resistance line 4395 and support line 4341. Additionally Today ,New York sessions will affect on the Indices . support line : 4354 , 4341 resistance line : 4370 , 4395 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
10
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
S&P500 - Long; For now ...This naturally rimes with the Nasdaq signals and with the overall global equities outlook. Here, two opposing forces are the most significant factor; 1) The unfolding (and enduring!) USD strength - Downward pressure ; 2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure . Driven by the rapidly unraveling globalization (driven by a Europe which the US decided to turn into a bonfire that is now clearly visible from Alpha-Centauri, and a China which is dying of old age as the demographic apocalypse is hitting hard this year - 2023), these fundamental forces will likely make this year one for the records - especially when it comes index (equities) trading. Many, many trading opportunities to be expected, throughout this year, probably far more than in other periods. Laissez le bon temp roule!! ...
CME_MINI:ES1!Long
by Nemo_Confidat
8