Get started

Spx500long

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.
SP:SPX
by BlackisKing
58
Bullish Megaphone Backtest (Update)Please Do your DD as this is not a financial advice The CPI report came in hotter than expected but still seems to be going down now at 8.2 from the June Peak of 9.1. I am reminded at the depths of covid how everyone was negative and bearish but the few who bought then made a lot of gains. I am still cautiously optimistic that this is a back test of the bullish megaphone structure that I posted a while ago and will be looking to see how it holds. However if it doesn't hold this trend line we could be headed for a deeper recession. Looking at the Put call ratio, the Macd, the amount of stocks under the 200 MA, we could have bottomed or nearing the bottom. Please do your own research.
AMEX:SPYLong
by BlackisKing
8
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
SPX: A long-term consolidation may be forming.Possible scenario for the development of events for the S&P 500. The current decline could be in the area of 4000 or 3805. By the 2024 elections, it is desirable that the index be in the ATH area or higher. Selecting an index above 3490 will form a long-term consolidation with the first target for growth at 5480. Therefore, already in the area of 3885, for a long with a stop at 3490, the Profit factor will be 4. If they break through 3490, then a long-term downward trend, but a bullish scenario is more likely, since The United States is now doing much better than most countries on the planet.
OANDA:SPX500USDLong
by Gelium
SPx500 awaits positive momentumHello everyone, Yesterday, the index price presented more sideways fluctuation by settling near 4525.00 without recording any new positive target, affected by the attempt of the Stochastic indicator to exit the overbought level. The price may be forced to form some bearish corrective waves, but repeated stability above the support levels represented by 4492 and 4475 supports the bullish scenario until reaching additional resistance extending towards 4555, which in turn constitutes the primary target for the current period. Pivot Price: 4525 Resistance prices: 4555 & 4579 & 4605 Support prices: 4492 & 4475 & 4437 The general trend expected for today is bullish
OANDA:SPX500USDLong
by Evar_Mayi
1
Spx500 rising stronglyHello everyone, In yesterday's trading, the index price took advantage of repeated positive pressures to jump above the stable barrier at 4422, thus recording significant gains by rushing towards 4515 , thus achieving the previously suggested goals. The price is currently still under the positive influence of the Stochastic indicator positioning within the overbought level, which invites us to wait for it to record additional gains that may extend towards 4529 , which in turn constitutes an extension of historical resistance to monitor the price’s behavior with the aim of confirming the expected direction for the upcoming trading. 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
SPx500 testing initial supportThe index price failed in yesterday’s trading to resume the upward attack, affected by the exit of the Stochastic indicator from the overbought level, forcing it to form a bearish corrective bounce, We currently and continually expect the price to be exposed to negative pressures, forming an additional corrective decline to incur additional losses by being attracted towards 4328 and then trying to test the main support extending towards 4298 . As for its renewal of the upward push, this requires presenting a positive close above the 4383 level, to facilitate the task of achieving new gains that may extend towards 4402 and 4423 respectively. Pivot Price: 4383 Resistance Price: 4402 & 4423 & 4464 support price: 4328 & 4298 & 4268 The expected general trend for today: corrective bearish timeframe: 4H
OANDA:SPX500USDShort
by Evar_Mayi
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, longs but how long?Looking at the chart I can see that there's still potential for the US market and SPX in particular, but it looks like we are going to a major correction soon. Depending on the form of the wave A and currently unfolding B, I highlighted red dangerous zones with potential reversal patterns. Overall we have these possible options now: 1) Zigzag ABC (no higher than ~4.6k) 2) Flat ABC (no higher ~4.8k) 3) Extending Flat ABC (can be ~5k) 4) It's a wave B of correction wave so then after some consolidation after wave (v) we should form Minute wave 5. Keep longs for now, and keep watching.
SP:SPXLong
by nanfinance
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
SPx500 remains positiveThe index price offered some recent positive trading yesterday , trying to confirm continued positive with repeated stability above support The above calls us to wait for the price to gather additional positive momentum to facilitate the task of surpassing the 4383 level and reaching the next key target positioned at 4402. Pivot Price: 4383 Resistance Price: 4402 & 4423 & 4464 support price: 4353 & 4328 & 4298 The general trend expected for today: bullish timeframe: 4H
OANDA:SPX500USDLong
by Evar_Mayi