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Spx500long

S&P still promising A lot of people have been calling for a stock market crash for a long time. However, I'm afraid I have to disagree. From a technical point of view, there is no doubt the S&P is losing momentum as it can be appreciated in the momentum indicators. The price is making new higher highs, but the momentum is doing lower highs. However, the Elliott wave technicals are saying otherwise. I have drawn here the secular cycle and primary cycle aligned. S&P is in the middle of a 3rd impulsive wave with a minimum target of 5200. That's where I believe the S&P (if confirmed by technical) will have a retracement or cool off down to 4200. People will turn really bearish, but the S&P will turn bullish for the last 5th leg up to 6200. That is where the bear market will start, and I expect the market to collapse at least 30%, with my real target standing at 50% around 3200. The end of wave 3 would be the best time to start slowly rotate your profit and capital into assets such as commodities to edge against the crush. At the end of wave 5, you should aim to be 85% - 90% out of the stock market. I am happy to hear your opinions; please leave a comment below.
SP:SPXLong
by CFcryptoTA
The S&P Bullish trend is still ActiveHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Bullish trend that started in November where the SPX index started moving up in an Ascending Channel is not stopping yet. The trend is still giving Bullish signals where we kept getting higher highs and higher lows. The S&P 500 index booked fresh record closes on Thursday, despite falling from the session’s best levels, ahead of a highly anticipated August employment report on Friday. The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this : If we look at the chart and where the market is right now we see that every time the SPX hit the upper end of the Ascending channel it always dropped into the middle range of the Channel, We probably won't see a big Bullish breakout in the Index right now, so the price most likely will be dropping this week a bit and it will be headed near the first support line at 4474.64 and if the Bears were able to gain more control then it could reach the second support at 4439.92 where the major Bull power will be and where the bounce back up will happen that would get the index above the resistance zone between 4528.74 - 4548.12. Technical indicators are showing this : The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA ( Bullish Sign) The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line. The STOCH indicator is in the overbought zone, With a positive crossover between %K (95.00) and %D (92.84). *The overbought zone indicates that the price might drop down. The Ultimate Oscillator is at 79.95 sitting in the overbought zone. The overbought zone indicates that the price might drop down. Support & Resistance points : Support/Resistance 1) 4474.64 1) 4528.74 2) 4439.92 2) 4548.12 3) 4420.54 3) 4582.84 Fundamental point of view : On Thursday, the S&P 500 rose to records on the back of better-than-expected jobless claims data. The initial filings for unemployment insurance fell to their lowest levels since March 2020. The Labor Department reported first-time jobless claims totaled 340,000 for the week ended Aug. 28, compared with the 345,000 estimate. The S&P 500 climbed 0.3%, hitting its 54th record closing high of 2021. Investors are now looking ahead to August’s nonfarm payrolls report — released Friday morning — which could give clues about how fast the Federal Reserve will remove easy monetary policy. Economists polled by Dow Jones expect 720,000 jobs were added in the month, down from 943,000 jobs added in July. The unemployment rate is expected to dip to 5.2%, compared to 5.4% in July. According to CNBC Markets This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
SP:SPXLong
by GabiDahduh
S&P 500 The trend is not stoppingHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ A Bullish trend started in November where the SPX index started moving up in an Ascending Channel and the trend kept giving Bullish signals where we kept getting higher highs and higher lows. The S&P 500 jumped to record closes for a third straight day on Thursday, with mega-cap technology stocks driving the market higher as investors warmed to jobs data showing a steady U.S. economic recovery. The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this : Scenario 1 : The Index price is at 4429.29 trendings near the first resistance level at 4460.08 and it's gonna try to breakout of that resistance line if the Bulls were able to keep control then we could be seeing the S&P going even further and hitting the resistance levels at 4483.64 or even 4527.08. Scenario 2 : If the bulls try to make a move now then we will see a drop in the price that's gonna be headed to near the first support line at 4393.08, where the Bulls and the Bears will battle over control of the trend, The bulls are most likely to win since we have no signs of a reversal yet and the result will bounce the price back up to near the resistance level at 4460.08. Technical indicators are showing this : 1) The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA (Bullish Sign) 2) The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line. 3) The STOCH is in the overbought zone and has been trending there for the last 10 days, With a positive crossover between %K (98.94) and %D (95.92). 4) The Ultimate Oscillator is at 63.704 giving a Bullish sign Support & Resistance points : support Resistance 1) 4393.08 1) 4460.08 2) 4349.64 2) 4483.64 3) 4326.08 3) 4527.08 Fundamental point of view : The IGCS gauge (IG Client Sentiment Report) implies that 31% of retail investors are net-long the S&P 500. Upside exposure has increased by 1.62% and 9.07% over a daily and weekly basis respectively. The fact that traders are net-short hints that prices may continue rising. The combination of this and recent changes in sentiment are offering a stronger bullish-contrarian trading bias. All three main equity benchmarks closed higher Thursday and the Dow and S&P 500 booked a third straight record finish after fresh labor-market data provided insight on the pace of the recovery. The moves for stocks came even as a reading for wholesale inflation came in hotter than expected. the S&P 500 index SPX, +0.30% advanced 0.3% to 4,460, led by gains in health care XLV, +0.79% and technology XLK, +0.57%. The S&P 500 closed at records in three consecutive sessions for the first time since March 15. According to Marketwatch This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
SP:SPXLong
by GabiDahduh
5
S&P 500 Index Expected Move Towards 4450Trend Analysis The main view of this trade idea is on the 2-Hour. The S&P 500 e-mini futures (ES1!) appears to have broken out of its symmetrical triangle. This presents a buying opportunity on the futures contract. Expectations are for a short-term rally towards 4450, 0.72% away from the time of publishing. A indication of a failure of this breakout will be a decline towards 4375. Technical Indicators To support the potential breakout in ES1!, is the fact that at the time of publishing the instrument is trading above its short (25-SMA), medium (75-SMA) and fractal moving averages. Also there has been a positive crossover on the KST as well as the RSI is above 50 and not yet above the overbought 70 price level. Recommendation The recommendation will be to go long at market. Traders can monitor in the short term timeframe and identify a better price point closer to the resistance line (red line in chart) of the symmetrical triangle pattern. ES!1’s target price is around 4450, with an indicative stop loss around 4375. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ES1!.
CME_MINI:ES1!Long
by Ceddy86
1
SPX week preview - Positive accumulation week - Tension in AsiaSPX recovered quickly from last week’s flash correction on Monday. After such quick recoveries the market tends to accumulate in a slightly positive territory. The tension in the Asian market forces US capitals to move back to the US market. This movement will reinforce the USD currency and therefore weight a bit on the equity. The correlation between international markets will probably push US markets in a negative territory during Tuesday but this should not have a dramatic effect on the weekly performance. Our overview tends therefore to be quite neutral. Selling the 4325 put strike and buying back the 4320 seems an acceptable decision till the end of the week.
TVC:SPX
by CucabarraTrading
1
S&P 500 still going up !! Hello everyone , as we all know the market action discounts everything :) The SPX keeps going on as the Index price moved from 4147.36 to the range of 4371.08 in the last month alone almost a 5.4% increase in 30 days , the price seems to be moving in an rising wedge with no breaking of the trend line, the bulls trying not to lose control to the bears and they hope to keep working to keep this uptrend going and so far it looks like its still on the move. Using different indicators confirm this movement where we see that : 1_The SPX is at 4327.15 moving above the MA at 4139.02 and EMA at4140.38 (bullish sign) 2_The RSI is at 67.54 showing great strength in the market almost reaching overbought levels, no divergences between the RSI and the market price (bullish sign) 3_The ADX at 26.09 showing that the market is trending with a positive crossover with DI+ at 26.09 above DI- 13.34 Support & Resistance points : support Resistance 1_ 4315.42 1_4397.65 2_ 4261.28 2_4425.74 3_ 4233.19 3_4479.88 Fundamental point of view : The prior week saw a bit of excitement around the S&P 500, with the index pulling back on Thursday to trendline support. But the move on the Friday following that sell-off was a pronounced bullish engulfing candlestick that propelled price action to another trendline, helping to mark resistance on a rising wedge pattern. That bullish engulfing candlestick led into another move of strength on Monday, with prices setting that fresh all-time-high, with another showing up in US markets on Tuesday a few hours after that 5.4% CPI print. While rising wedge formations will often be approached with the aim of bearish reversals, given the length and force of the move, there’s not yet a bearish trigger nearby. For that scenario to begin to set up, traders would likely want to look for a test below near-term support around 4280, followed by a test of longer-term support around 4127. That could begin to set a reversal framework into motion. _____________________________ Make sure to Follow and Like for more content _____________________________ This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:SPXLong
by GabiDahduh
3
SPX500 with a nice BUY-CHANCEHey tradomaniacs, the market-depth of SPX500 (Furtures) is showing strong absorption at the bottom of the range. So far the biggies were able to take liquidity whenever there was a bunch of volume coming in trying to push price down below the support-zone. This is a strong evidence of a reversal! The only concern is we are still close to the daily Point-of-Controle which is usually a NO-TRADE-ZONE for me as institutional traders are doing their business there. Either wait for price to move away from it or take the risk and be patient until price moves away (higehr risk involved). I`m already long as this is a very likely scenartio with high risk-reward. LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT! Wanna see more? Don`t forget to follow me!
FX:SPX500Long
by Trading2ez
4