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Spx500long

US Market Technicals Ahead (17 May – 21 May 2021)Focus this week for investors will be on the minutes from the last Federal Reserve's last policy meeting that are due on Wednesday. There will be hopes that they might provide some clarity on policymakers' next moves. Last month, the Federal Reserve left monetary policy unchanged, despite acknowledging a "temporary" rise in inflation and an improvement in the economic outlook. Additionally, with a strong U.S. Q1 reporting season winds up; retailers are getting started - Walmart ($WMT), Target ($TGT), Home Depot ($HD), Lowe's ($LOW), L Brands ($LB) and Ralph Lauren ($RL) release results this week. The numbers will show how consumer spending is shaping up as the economy rebounds from the coronavirus. And after U.S. consumer prices rose by the most in nearly 12 years in April, investors will want to see whether price pressures are building for companies. Also, the CDC said fully vaccinated people can stop wearing face masks and end physical distancing in most settings. Here is what you need to know to start your week. S&P500 (US Market) The benchmark index ($SPX) erased all gains for the month of May, losing -1.31% (-55.4 points), with trading floors awashed with red after a higher-than-expected reading on US inflation fuelled bets of potential tapering of the Federal Reserve’s bond-buying before year’s end.  $SPX is currently trading below its 20DMA, along with an failure attempt to break its minor classical support level of 4,110 highlighted last week. It is also worth to note that $SPX ATR-14 have rebounded from its year low level of 40 points/day, with a 20% increment towards 50 points/day during the week. Trading volume resumption back to its normalcy is also witnessed on 13th May, the day of the rebound.  The immediate support to watch for $SPX remains at 4,110 level, a minor support turned major support level, coinciding with its 50DMA.
ULong
by jfsrevg
SPX500 could MOVE UP again!Hey tradomanics, after Yellens statement about potential higher interest-rates we`ve seen slightly a sell-off in equities. Read more 👉 uk.investing.com In this newsfeed you can clearly see how sensitive the market reacts to any kind of hints of a tighter monetary policy, which is why the market has been so chaotic yesterday. The market is currently torn between a positive progress in termns of corona, partially decent earnings and potential higher interest-rates in the future. This is also indicated by mixed equities as DOW&JONES has been way stronger than SPX500. Nasda100 suffered the most from that statement, but we can clearly see that there is no cashflow out of stocks, its more like a cashflow from value into growth and vice versa depending on fundamental circumstances. I personally took a long-.trade a little bit earlier as I´ve seen strong bullish orderflows in market-depth. Risky trade, but overall likely with potential high volatility! Wait for more confirmation! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
OANDA:SPX500USDLong
by Trading2ez
3
#S&P500 CAUTIOUS !#S&P500 cautious! - Now it has gone too far. - In order for the SPX uptrend to be sustainable, 2 correction cases should occur. + Case 1. Back to the MA50 green line, the yellow support line confluence. + Case 2. Back to the MA200 red line, the yellow support line confluence. #S&P500: time frame weekly, cautiously with 2 candlesticks on the top , The RSI is in the overbought zone, the increase is not much. #S&P500: time frame daily, a sign of a bearish divergence?
SP:SPXShort
by Truong_Ca
2
US Market Technicals Ahead (19 Apr – 23 Apr 2021)Investors will look for further confirmation of the private sector’s recovery from the pandemic as the earnings season gathers pace, with dozens of companies from a wide range of industries will report quarterly results this week. So far with one week in, companies are beating earnings estimates by a wide margin of more than 84%, according to Refinitiv. Meanwhile, U.S. economic data will remain in focus as investors watch for further signals on the strength of the economy, with the latest reports on home sales and manufacturing activity topping the agenda. Elsewhere, in Europe, markets are keeping an eye on the European Central Bank’s monetary policy meeting for further guidance on interest rates and stimulus. Here is what you need to know to start your week. S&P500 (US Market) The benchmark index ($SPX) increased 1.41% (+58.3 points) to another record close, extending its weekly rally into its 4th consecutive session. The newly established all time high is now at 4,191 level for $SPX. US 10-year rates extended 5-week lows of 1.566%, despite strong inflation and employment data last week. In addition, housing starts rose to the highest level since 2006 last week, pointing to a strong rebound in both consumer spending and the jobs market. The previously highlighted Bearish Divergence of $SPX remains valid, as sessional volume remains below its 50 days average range for the past week without any committed buying pressure reflected in this rally. A price retracement upon a eutrophic rally beyond the structure of a technical trend channel is always imminent on such scenario. However, the hypothesis of a short term correction for $SPX would remain healthy and strong for the bullish sentiment of the index. The immediate support to watch for $SPX is now at 4,060 level, a break of the two weeks low. Earnings Step Up into High Gear There are about 80 S&P 500 companies reporting earnings in the week ahead, including 10 Dow stocks, in what will be the first big week of the first quarter earnings season. In addition, this week’s earnings calendar also includes high-profile names like Coca-Cola ($KO), Johnson & Johnson) ($NJ), Procter & Gamble ($PG), Intel ($INTC), and IBM ($IBM), Snap ($SNAP), AT&T ($T), Verizon ($VZ), Lockheed Martin ($LMT), Halliburton ($HAL), Honeywell ($HON), and American Express ($AXP) Most of the focus will be on Netflix ($NFLX), which is due to report its latest financial results after the closing bell on Tuesday. The streaming giant is forecast to report adjusted earnings per share (EPS) of $2.97 on revenue of $7.14 billion, according to estimates. NFLX shares hit a record high on Jan. 20, right after Q4 results, but has since slipped back. Options markets are pricing in a post-earnings move of 7% in the stock. Earnings from battered airlines American Airlines ($AAL), United Airlines ($UAL), and Southwest Airlines ($:LUV) are also on the docket. Flash U.S. PMIs IHS Markit’s composite flash U.S. Purchasing Managers’ Index (PMI) for April is due on Friday, amid expectations for an increase to 59.9 from a reading of 59.7 in March The index, which measures the combined output of both the manufacturing and service sectors, is seen as a good guide to overall economic health. In addition, this week’s rather light economic calendar also features the latest data on initial jobless claims, which fell to a new pre-pandemic low last week. European Central Bank Policy Meeting The European Central Bank is all but certain to keep interest rates at their current record low levels at the conclusion of its monetary policy meeting on Thursday. President Christine Lagarde will hold a closely watched press conference 45 minutes after the rate announcement as investors seek further clues on central bank’s future pace of bond purchases. The ECB has boosted its bond buying program to prevent a rise in borrowing costs from derailing the region’s economy, however recent signs of a swift recovery could raise questions over when it will start to withdraw support.
ULong
by jfsrevg
SP500: Free Climbing 🧗‍♀️🧗‍♀️🧗‍♀️The S&P500 has gone totally crazy and is pushing for new all-time highs over, and over again. In an attempt to climb on new tops, the index leaves us all gazing at its performance in awe. For us, the recent increase does not come by surprise and we are expecting the index to increase up to an area of around 4147 points. There, a correction should pull us down a bit. After that, we expect further all-time highs. Happy trading!
OANDA:SPX500USDLong
by MarketIntel
$SPX - Toss Up - Tight S/L (Multiple Options Laid Out)There's a lot of liquidity resting above the high 3934. I feel siunce that high there has been a pull back. I want to see how the bell opens and if it reaches lower into the range of 3921 - 3912 I would expect a bullish move to try and get above that liquidity and more liquidity above. This is also the bias since yesterday after the day ended. This is what I want to happen Longshot but possibitlity it could just free fall and reach the breaker around 3890 in which I would wait to see if it gets to the low point of that breaker 3883 to see if it would turn bullish at that point. 4 hr has a gap opening at 3913 I feel it could also pullback to before moving bullish. A lot of moving parts, but I'll try to let you know the decision I make as soon as I do. SPX Moves Slow so we have time. Will Let You All Know what I do ASAO
OANDA:SPX500USDLong
by BodiesXWix
SPX500 could MOVE UP!Hey tradomaniacs, SPX500 could move up 👉 If thats the case we might see some US-DOLLAR-WEAKNESS today and more risk-on. Good for our positions.🙏 Volatility is likely to continue in the market until the end of the quarter as we see a lot of re-balancing by institutions. For example: Pension funds have an overweight in equities but are forced to have a certain ratio of different assets. (E.G. Bonds to Stocks). Here some figures to show you how much capital different institutions have to distribute as announced: 1️⃣ Mutal -$107BN 2️⃣ Defined Pension -$110BN 3️⃣ Norges Bank -$65BN 4️⃣ GPIF -$34BN At the same time market makers who are forced to Hedge their positions (volume about $31 BN). LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
OANDA:SPX500USDLong
by Trading2ez
3