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
Spx500forecast
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
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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 ❤️
SPX500Pair : SPX500 Index
Description :
Exp FIAT as an Corrective Pattern in Short Time Frame and Rejection from the Lower Trend Line after it has Completed " abcde " Corrective Waves. Impulsive Wave " 1234 " Completed at Fibonacci Level - 50.00%
Entry Precaution :
Wait until it Breaks or Rejects UTL
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 ❤️
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 ❤️
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 ❤️
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
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!! ...
SPX500 4H still bearishHello traders,The price currently needs new negative momentum to enable it to resume the negative attack to soon target the 4183 level, and then let us wait for it to attack the 50% Fibonacci retracement level positioned near 4138.
Pivot Price: 4215
Resistance prices: 4265 & 4302 & 4346
Support prices: 4183 & 4138 & 4098
The expected general trend for today: bearish with the stability of the barrier
SPX ShortYesterday we observed a good rejection off of daily zone from SPX. now we wait for it to pull back to the daily zones coinciding with 8 EMA and the time base low AVWAP (red) and reject it.
inside value day today, so if it breaks PD VAH, there can be long opportunities but not interested in that today..
rest of the technical details are in the chart.
SPX 4600 By ThanksgivingUsing Elliot Wave (projection) and fibs I show where I believe the SPX will go between now and Thanksgiving (4600). As long as we don't go below the two circled red highs the current Elliot wave will remain intact. If we drop below either of those values the Elliot wave will be invalid and the market could really drop. I don't foresee that at all but something to be aware of.
SPX500 19/10 MovePair : SPX500 Index
Description :
Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction.
Entry Precautions :
Wait until it Complete its Retest and Rejects
The S&P500 is preparing for an insane rallyHello Traders and Investors,
My name is Philip and I am a German swing-trader with over 4 years of trading experience.
I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings.
I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme.
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Today I want to share with you my outlook on the S&P500:
Over the past almost 15 years the S&P500 has been respecting a super simple bullish trendline. Always when the S&P500 tested this level, we saw a major rally towards the upside. And now the S&P500 is about to retest this trendline again and I do expect another push higher.
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Most of the people always follow the quick money. But the quick money is never the big money.
They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail.
The only think which you can control is your risk, everything else is unknown.
Keep your long term vision!
SPX500 Bearish Reversal , Time to fall Hello traders as you can see in my analysis it seems like spx500 has changed from an uptrend to a down trend forming a head and shoulder a classic bearish reversal pattern .
i believe the price is being influenced by the dollar monetary policy and the situation in Palestine so watch out for that .
but technically speaking , the price is coming down.
please share with me your thoughts below .
$SPX: The S&P 500's Key Yellow Resistance TargetIn my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance trend line.
SPX - 02/10/23 - TRADE IDEASSPX- 02/09/23
**Trade setup:** Seems to be holding the $4250 area really well, will look to test again to see if they take it out.
We have completed the head and should pattern I identified on the 18th of SEPT now we are holding nice in this area so I will look for another test of $4250 to look for a structure break on the 15 min to enter a long.
If it doesn't hold I'll then reverse my thoughts and take a short to $4168 area the next higher low from the move upwards.
Now the targets are below:
**Bullish target:** $4325
**Bearish target:** $4168
**Supply and Demand**: The nearest Demand to keep us up is $4250. The next Supply is $4525.
#SPX up or down?#SPX perfect dump from my 4600$ target
Perfectly came to my 4280$ price level and bounced.
Currently, on the weekly chart we can expect some bounce up to 4395$, where I highlighted a new resistance level for Bulls.
Where I would wait for bullish confirmations on LTF, to be sure that the price can go higher. Otherwise we can expect strong bear reaction that will lead the price back to 4200$ and below.
So, I highlighted 3 possible scenarios for #SPX:
1. #SPX bounces and breaks above 4395$, eg, closes with 4H, 8H, 12H, D candle above that price, in this case, new ATH will be reached.
2. #SPX comes to resistance 4395$ and rejects, in this case it can dump till 4161$ where I expect another bounce.
3. #SPX rejects from 4395$ and comes to 200 ema on W TF - 3856$ where it will be last chance for Bull to take the control in the market.