SPX500USD - Bullish Momentum UnderwaySPX500USD has been undergoing some bullish momentum over the last few days. This may lead to a potential push to the $5350 region over the next few days. Further movement will take time to tell; but overall it’s currently looking good.
All 4 of our Core YinYang Oscillators and exhibiting Bullish Momentum; however since there is such low Volume, it’s hard to say how strong this momentum will be. Nonetheless prepare yourself for a potential movement upwards in the short term.
Spx500long
Easing Inflation Rate Spurs Optimism for a Bullish Trend?Hi Realistic Traders. Here's my price action analysis on the S&P 500!
The CBOE:SPX has convincingly breached the double bottom, presenting a compelling signal for a potential bullish reversal. The price trajectory exhibits a sustained upward movement, concurrently shaping a continuation pattern recognized as the Descending Broadening Wedge Pattern. As this pattern unfolds, a subsequent breakout from the descending broadening wedge provides robust confirmation of a conceivable upward trajectory toward the specified target area. Beyond the prism of price dynamics, the oscillator has undergone a significant golden cross, adding another layer of confidence to the outlook and signaling the potential for a bullish market trend.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Recent Announcement of the Inflation Data
- In October 2023, the annual inflation rate in the United States decelerated to 3.2%, marking a decrease from 3.7% observed in both September and August. This figure also fell below market forecasts of 3.3%.
- The annual core consumer price inflation rate in the United States, excluding volatile items such as food and energy, exhibited a marginal decline to an over two-year low of 4% in October 2023, down from 4.1% in the preceding month. Contrary to market expectations, which anticipated stability at 4.1%.
- The unexpected deceleration in inflation has fostered the anticipation that the Federal Reserve's assertive tightening cycle may have concluded. This development is instilling optimism for a bullish scenario in the market.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on
CBOE:SPX ."
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S&P 500 INDEX $SPX - Nov. 17th, 2023BUY/LONG ZONE (GREEN): $4531.84 - $4726.36
DO NOT TRADE/DNT ZONE (WHITE): $4380.94 - $4531.84
SELL/SHORT ZONE (RED): $4117.36 - $4380.94
Currently there is bullish momentum, as seen coming off the gap up from Monday close-Tuesday open, however; after this momentum upwards we have only seen price go sideways up to today. Price is resting inside a zone towards the top side where bulls can look for a breakout to start entering in longs. For bearish entries there would need to be some structural breakdowns for the bears to enter as the price approaches the $4380.94 level. Both the bullish and bearish zones can be widened to include the entry levels of the respective zones for early entries.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
SPX 🗝Diversify YOUR Portfolio: EVERYONE Needs to Know❕📉Hi Traders, Investors and Speculators of Charts📈
HAVE YOU EVER CONSIDERED DIVERSIFYING YOUR PORTFOLIO?
Given the high risk nature of trading, having a finger in every pie is a good idea. Stocks generally are less volatile than crypto, and index funds are a great way to gain exposure to a variety of top notch stocks.
If you have ever wondered about trading stonks, today's update is for YOU. Cryptocurrencies are the largest part of our focus, but that doesn't mean we don't consider other markets such as forex, commodities and stocks. So today, let's take a look at the SPX / S&P 500.
Index investing, especially in the S&P 500, streamlines stock market engagement. Investing here means tapping into America's corporate giants, offering long-term returns and simplicity, often outperforming active stock picking. Since 1957, the S&P 500 has offered a global economic snapshot, including key international corporations. Its careful selection process reflects market trends, focusing on criteria like market cap and liquidity.
The top 4 stocks in the SPX by weight are :
1) Microsoft Corporation / NASDAQ:MSFT
2) Apple Inc. / $AAPLE
3) Nvidia Corp / NASDAQ:NVDA
4) Amazon.com Inc. / NASDAQ:AMZN
# Company Portfolio%
1 Microsoft Corp 7.14%
2 Apple Inc. 6.36%
3 Nvidia Corp 4.24%
4 Amazon.com Inc 3.65%
To put it into perspective, the last 4 stocks are:
500) NASDAQ:NWL / Newell Brands Inc. Producer Manufacturing
501) NYSE:DXC / DXC Technology Company Technology Services
502) NYSE:AAP / Advance Auto Parts Inc. Retail Trade
503) NYSE:TPR / Tapestry, Inc. Retail Trade / with a market cap of 4,017,225,400
(There are actually 503 stocks in the S&P500).
From the above, we can clearly conclude that what happens in those top 4 markets, holds quite a lot more weight than the rest. This should give you a clue which ones to look at if you want to invest in additional stocks and not necessarily a fund.
To correctly identify the macro phase is to have power - this will eliminate fear and greed, and cancel out the noise you hear from news and "influencers". Looking at SPX from a monthly perspective, we can clearly identify a strong bullish trend as the market loses makes what seems to be UP ONLY and keeps on making higher highs.
By using the S&P 500 or the AMEX:VTI , you can more easily spot the macro trend of the stock market, and which way MOST of the stocks will go, especially the top few.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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SP:SPX NASDAQ:MSFT NASDAQ:AAPL NASDAQ:NVDA NASDAQ:AMZN
S&P 500 - Flying high, overbought and stretched 7.2.24Weekly trend-line stretching back to November 2022, is being tested around the level of 5,000 which is also a "psychological barrier" for price action to proceed going higher.
A re-test of the breakout above the 4,800 level is expected in the near-term.
💬(What is your next target for gold)Technical analysis ✅ FXOPEN:XAUUSD TVC:DXY
traders gold moving today USd
Both data positive im seller and gold moving down 2010)
What is next target for you experience)? My trade position selling zoon 2040+
2020)
Gold's fundamental analysis involves considering various factors that influence its value. Key elements include:
Interest Rates: Gold and interest rates have an inverse relationship. When interest rates are low, gold becomes more attractive as it doesn't offer a yield. Conversely, higher rates may divert investors towards interest-bearing assets.
Inflation: Gold is often viewed as a hedge against inflation. During periods of rising inflation, investors may turn to gold to preserve their wealth.
Global Economic Conditions: Economic instability or geopolitical tensions can drive investors towards gold as a safe-haven asset.
Central Bank Policies: Actions taken by central banks, such as buying or selling gold reserves, can impact gold prices.
Currency Strength: Gold is priced in USD, so changes in the strength of the US dollar can influence gold prices. A weaker dollar typically boosts gold prices.
Supply and Demand: Like any commodity, gold's price is influenced by supply and demand dynamics.
Mining Costs: The cost of mining can influence the production levels and, consequently, the supply of gold in the market.
Market Sentiment: Public perception and investor sentiment also play a role. Market sentiment can be influenced by news, economic reports, and overall market conditions.
Remember, a comprehensive analysis should consider a combination of these factors, and it's crucial to stay updated on global economic trends and events that might impact the market.
Whenever this occurs, it signals the bottom of the market.Whenever this occurs, it signals the bottom of the market.
In this weekly chart, the blue line represents the 50 Simple Moving Average (SMA) and the black line represents the 100 SMA. As we can see the 50 has inverted the 100. Whenever the 50 crosses below the 100 on the weekly chart and then price moves above the 50, the market doesn't set a new low until a new high is established this has happened 13 times in the past (now the 14th time). The only exception to this was in March of 2002, where the market failed to hold three consecutive weeks above the 50 SMA. If you are wondering, last weeks close marked three consecutive weeks above the 50 SMA, which now means we have a greater than 92% chance that the market has indeed bottomed.
To summarize
This has happened 13 times in the recorded chart data we have and 12 out of those times the market had bottomed.
12 times out of the 12 times we had closed above the 50 for three consecutive weeks the market had bottomed.
Right now we are in the 14th time and we have closed 3 consecutive weeks above the 50SMA. If we set a new low before a new high, this will be the first time ever after closing three weeks above the 50 SMA
I have presented the information for all the times this has happened in history, and you can also verify it. In one of my previous ideas, I mentioned we were back testing a Bullish Megaphone pattern and that we should hold there, which we have done since then (see the link below)."
Please like if you find it useful
Please note this is not a financial advice.