SPX is getting close to it's target boxThis was the title of the last update, which got deleted by the tradingview:
"SPX can still make a higher high next week - Jan 19th update"
I cannot attach the image but will post it another place, look for info under my bio
Since I get banned not even mentioning a site, I will post here only 1-3 times a week.
I don't want to waste my time on bringing business to this site.
SPX is near its completion move for the C wave up I have had for over than a week now.
Targets are at 4065, 4090 and 4110
We close near the first one; tomorrow is the PCE numbers report, which should move the markets.
But today, we didn't move on GDP numbers, when before, it was selling off on hot numbers.
So the real move might not come till actually the Fed meeting on the 1st.
We had a wall into the close, which is a bearish signal and usually ends up with a gap down the next day.
As long as we won't exceed Dec high, I'm looking for a move down to 3700 handle if not more.
Watch that yellow trendline, it's been a bear-bull line since 2009, and the price is still below it!
Night
Spx500long
SPX more downside soonSPX remains bearish.
The downsloping resistance line (yellow line) is still acting as a long-term resistance
The price is breaking down from the Rising Broaderning Wedge which is a bearish pattern.
We expect the price to get rejected from the previous support which now should be acting as a resistance.
More downside coming.
Targets shown in the chart.
Good luck
SPX Is Actually Bullish | My Last Analaysis Was Invalidated When i'm wrong, i'm usually wrong very quickly. My last analysis was invalidated within 24 hours, which is ok because now we know the direction for sure.
Its important to know as to why this breakout is important. A structure, as long as 264 days has been broken.
A broken structure leads to change! Usually a change in trend. That does not mean we're going to shoot back up to the moon (we could), but at the very least the downtrend seems to be over.
the next target is 4100, located at the previous resistance.
Will SPX's previous support attract buyers?US500 - Intraday - We look to Buy at 3875 (stop at 3855)
Continued downward momentum from 4013 resulted in the pair posting net daily losses yesterday.
An overnight positive theme in Equities has led to a higher open this morning.
The 361.8% Fibonacci extension level of the 4016-3977 move is at 3875.
A Fibonacci confluence area is located at 3875.
There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 3928 and 3990
Resistance: 3928 / 3960 / 3992
Support: 3882 / 3875 / 3850
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SPX - Are you ready for this?SPX approaching a downsloping resistance.
It may fakeout above the trendline to trick traders but don't get it twisted. This bear market rally is almost done and it's a time for a major move.
Lower high after lower high is suggesting downtrend continuation.
Are you ready for a 17 % dump? If you are not ready, this is a friendly reminder that it may be a right time to close your longs and enter shorts or stay on the sideline.
It may take some time so be patient!
Good luck!
S&P 500 SPX SPY ES1! Breadth (S5FI) & (S5TH) - Updated 011623Looking at the latest S&P 500 SPX (SPY ES1!) "Breadth" data , including Stocks Above 50-Day Moving Average (S5FI) & Stocks Above 200-Day Moving Average" (S5TH) — this is yet another indicator that we have been tracking since the start of the market downturn (correction/bear market) in late 21' / early 22' as it has helped to signal buy/sell signals.
Here's what you'll find on this chart: 📊
Top Section
Stocks Above 50-Day Moving Average (S5FI) = Blue Line: *CHART NOTE* Pay close attention to the horizontal (Blue Dotted Line), which signals/coincides with relative tops in breadth that match the SPX resistance.
Stocks Above 200-Day Moving Average" (S5TH) = Orange Line: *CHART NOTE* Pay close attention to the horizontal (Orange Dotted Line), which signals/coincides with relative tops in breadth that match the SPX resistance.
Bottom Section
S&P 500 SPX (SPY ES1!) = Teal Line
Support/Resistance (Bear Flag Pattern) = Vertical Red Lines
Pay close attention to the (Red Dotted Lines), as these mark relief rally tops in the SPX (SPY ES1!). Conindiencely enough, these "alignments" of technical signals closely match the resistance (Red Line) that is now sitting around $4,000 S&P 500 SPX (SPY ES1!).
What do you think about this S&P 500 SPX (SPY ES1!) contrarian (sell) indicator? 📈📉
Let me know your prediction in the comments below! 👇🏼
Buying SPX at first support.US500 - Intraday - We look to Buy at 3975 (stop at 3955)
4 positive daily performances in succession.
An overnight negative theme in Equities has led to a lower open this morning.
Bespoke support is located at 3975.
The 261.8% Fibonacci extension is located at 4065 from 3763 to 3878.
Our profit targets will be 4022 and 4065
Resistance: 4022 / 4065 / 4137
Support: 3975 / 3920 / 3902
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
40 Bar Cycle Chart - S&P 500 SPY SPX - Updated 011423Leading up to the December Inflation CPI Report that was released this last week (Thursday), markets (at a macro level) have been rallying into this last Friday — which also was coincidently the start of earnings season as banks such as J.P. Morgan (JPM), Bank of America (BAC), Citi (C), Wells Fargo (WFC), BlackRock (BLK), & others.
Now that the Inflation (CPI) Report is out of the way & earnings season is full steam ahead, markets look to the next big event(s) which include the Federal Reserve February Interest Rate Decision coming our way on February 1st, 2023.
That said, here's what is happening in the charts with the S&P 500 SPY SPX ES1! as it relates to our "40-Bar Cycle" 📊:
📉 *CHART NOTES* 📈
As I mentioned above, we did break out of the sloppy trading/consolidation range that the S&P 500 SPY SPX ES1! was kept in throughout the holidays, & into the new year. Now that we've broken out of that & reached back above the 50-Day Simple Moving Average (SMA50 = Red Line) on the daily chart, SPY is sitting just below the 200-Day Simple Moving Average (SMA200 = Green Line). Also note that we did close above the SMA200 ($397.21) to finish up the week at ($398.50) on SPY. Now that we are above this key level (on a daily close), question is will we re-test this level & drift higher into the February Federal Reserve Meeting? OR, are markets setting up for a further (or short-term) pull-back using the timing & levels included in the "40-Bar Cycle" 📊 ?
Keep in mind too that we did get a positive MACD crossover (buy signal) on the daily chart, as featured below. However, looking at the charts (including 4-hour MACD) I would conclude that this is likely an invalid buy signal — based in-part on other factors including January Options Expiration (OpEx) next week, 'VIX Compression', & also Federal Reserve 'Net Liquidity', which is still "risk-off" on a macro level as the Federal Reserve looks to keep a lid on asset prices, & of course Inflation (CPI).
Chart #1-2: SPY Consolidation Breakout (Daily, w/ & w/o Falling Wedge Pattern)
Chart #3: SPY Consolidation Breakout (4-Hour)
Chart #4: SPY Consolidation Breakout (1-Hour)
Chart #5: SPY 40-Bar Cycle (Daily, note that we are now clearly above the 50SMA are converging on major resistance of the 2022 downtrend & the 200SMA ).
Chart #6: SPY 40-Bar Cycle (4-Hour, note the 50SMA did not cross below the 200SMA)
Chart #7: SPY 40-Bar Cycle (1-Hour, note the 50SMA vs. 200SMA buy-signal & upward regression channel)
What are your predictions for the rest of January 23'?
Camp A: We are short-term overbought & a pull-back is in order, before we re-test & break out of this $380-390-400 range on the back of better than expected earnings, less than hawkish Federal Reserve, & more "resilient" macro data.
Camp B: We may continue to short-term rally, however market liquidity is still too strong & the Federal Reserve is likely to continue with .25% — in addition to maintaining their hawkish tone so that excess market liquidity does not run away from them with higher asset prices. Macro data will continue to be mixed, if not trend-downward, & earnings will start to come in softer than people expect as forward outlooks raise the red flags for investors.
Let me know your prediction in the comments below! 👇🏼
Buying SPX at previous resistance levels.US500 - Intraday - We look to Buy at 3867 (stop at 3842)
Selling pressure from 3951 resulted in all the initial daily gains being overturned.
An overnight negative theme in Equities has led to a lower open this morning.
Bespoke support is located at 3867.
A Fibonacci confluence area is located at 3815.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 3933 and 3951
Resistance: 3933 / 3951 / 4137
Support: 3867 / 3850 / 3812
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
40 Bar Cycle Chart - S&P 500 SPY SPX ES1! - Updated 122322With a key level of the $JPM Quarterly Options Collar sitting at $3,855 on SPX ES1!, markets seemed to have been "pinned" for the time being as market makers position for the close of business ahead of the Christmas holiday.
Question now is are the bulls hopes of a Santa Rally into year-end wishful thinking? 🎅 🎄 Or, we see another attempt at a short-term relief rally within what is likely to be a continuation of the downward "40-Bar Cycle" that is projected to continue into the first few weeks of 23'?
SPY Daily Chart Template
www.tradingview.com
Which camp are you in on the short-term (end of year into Q1/23') direction of markets?
Camp A: We are likely we headed for new lows in Q1/23 (Fluctuating Inflation + Persistent Price/Wage Pressures + Hawkish FED + Downward Earnings Revisions/Misses).
Camp B: We are likely to break the downtrend into the start of Q1/23' (Peak Inflation + Deflationary Forces + Dovish FED + Earnings "Resiliency").
Let me know your prediction in the comments below! 👇🏼
SPX Model Trading Plans for WED. 12/21
Next Support Level - Confirmed
In our trading plans published on Monday, 12/19, we stated: "...the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while the index is trading within the broader 3810-3830 range on a daily close basis. If you are short, you might want to take profits on a break out of this range. If you are itching to go long, you might want to wait until the range is broken out of to the upside".
That support level is confirmed as held by our models, and if you followed the plans you should be long going into the open today. If not, you might want to wait to go long as our models indicate range-bound trading while the index is below 3866. If you are short, you might want to take profits and go flat.
Positional Trading Models: Our positional trading models closed out the short from Thursday, 12/15 (opened at 3893.51) yesterday with a profit of 78.01 index points and are currently flat. Models indicate staying flat until otherwise indicated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 12/21:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3838, 3848, or 3866 with a 9-point trailing stop, and going short on a break below 3860, 3843, or 3830 with a 10-point trailing stop.
Models indicate long exits on a break below 3863 or 3834, and short exits on a break above 3820. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:40 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
IMPORTANT RISK DISCLOSURES AND NOTICES - READ CAREFULLY:
(i) This article contains personal opinions of the author and is NOT representative of any organization(s) he may be affiliated with. This article is solely intended for informational and educational purposes only. It is NOT any specific advice or recommendation or solicitation to purchase or sell or cause any transaction in any specific investment instruments at any specific price levels, but it is a generic analysis of the instruments mentioned.
(ii) Do NOT make your financial investment or trading decisions based on this article; anyone doing so shall do so solely at their own risk. The author will NOT be responsible for any losses or loss of potential gains arising from any investments/trades made based on the opinions, forecasts or other information contained in this article.
(iii) Risk Warning: Investing, trading in S&P 500 Index – spot, futures, or options or in any other synthetic form – or its component stocks carries inherent risk of loss. Trading in leveraged instruments such as futures carries much higher risk of significant losses and you may lose more than you invested in them. Carefully consider your individual financial situation and investment objectives before investing in any financial instruments. If you are not a professional trader, consult a professional investment advisor before making your investment decisions.
(iv) Past performance: This article may contain references to past performance of hypothetical trades or past forecasts, which should NOT be taken as any representation or promise or guarantee of potential future profits. Past performance is not indicative of future performance.
(v) The author makes no representations whatsoever and assumes no responsibility as to the suitability, accuracy, completeness or validity of the information or the forecasts provided.
(vi) All opinions expressed herein are subject to change at any time, without any notice to anyone.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #rates #nfp #earnings #earningsseason #midterms #elections #cpi #fedpivot #shortsqueeze
S&P500 LOOKS GOOD HERE ON MONTHLYTwo strong technical factors are giving the S&P500 support to continue up over the long term. Bouncing off the MA200 and a direct hit of the 50% fib retrace means the downside will have a low probability going forward. Of course, macro factors could play a role in changing its course but as it stands I am fairly confident this is a one-way ticket. As mentioned above, we could see a small downside to 3700 -+ before the continuation to the upside. Of course, you should remember this could take some time as we are looking at a monthly chart, but basically, I'm saying limited downside from here and a greater percentage of upside. This would also work with economic timing and the so-called recession people are saying we are heading for, this may be so or maybe not so, but most likely more of a mild recession from an American point of view. (Other countries may not be so lucky.) So all this FUD may end just as the S&P500 wants to go up, and then you are looking at fireworks, and the timing of that is what we must look out for.
SPX Fair Value Ranges - SPX ES1! SPY - Updated 121722Here is a chart that calculates SPX "Fair Value", based off FED Net Liquidity variables. SPY ES1!
Looking to the end of the year 2022 and the start of 2023, here are some SPX target ranges to keep in mind when taking into account the current FED Net Liquidity:
Upper Bound: $4,271.69
Fair Value: $3,921.69
Lower Bound: $3,771.69
If you want a copy of this chart, here is the link to make a copy: 📊👇🏼
SPX Fair Value (FED Net Liquidity)
www.tradingview.com
SPX Net Liquidity Band Indicator via @dharmatechnology8:
www.tradingview.com
SPX Model Trading Plans for THU. 12/15Bull Trap from Last Week Re-testing Key Support
In our last trading plans published on Wed., 12/07, we wrote: "Last two sessions turned the recent spike up into a bull trap. However, our models are indicating that the index is likely to find some support around the 3910-3915 range. Longs might want to wait to see if the index holds this level, and shorts need to be nimble in taking their profits if it does". Our models went into an indeterminate state since then and have come out with some trading levels only this morning.
If you went to sleep after reading our last trading plan and are waking up today, you would not realize that a full week of trading transpired since then, as we are exactly where we were then! The bounce from our published support level proved only short-lived post the FOMC rate decision yesterday, and the index is feeling heavy again. With the key support level of 3900-3910 in the range again, BOTH bulls and bears need to be nimble in any positions they open today, as any bounce or breakdown could be swift and spiky.
Positional Trading Models: Our positional trading models indicate going long on a break above 3955 or 3925 with a 35-point trailing stop and a hard stop on a break below 3940, and going short on a break below 3930 or 3895 with a 40-point trailing stop and a hard stop on a break above 3913. Models also indicate instituting a break-even hard stop once a position gets into a 10-point profit level.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 12/15:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3955, 3948, or 3915 with a 9-point trailing stop, and going short on a break below 3940, 3933 or 3910 with a 10-point trailing stop.
Models indicate long exits on a break below 3963, and short exits on a break above 3896. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
***** No Idle Analysis-paralysis here! Only actionable trading plans - every morning! And, transparent, verifiable results of each and every trading plan, every night!
LET THE RESULTS SPEAK FOR OUR MODELS! See for yourself how our Morning Trading Plans have been doing for the last one month or one year or since started! *****
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #fomc, #fed, #newhigh, #stocks, #futures, #inflation, #powell, #interestrates, #rates, #earnings, #midterms, #elections, #cpi, #fedpivot, #shortsqueeze, #bulltrap, #fomc
40 Bar Cycle Chart - S&P 500 SPY SPX ES - Updated 121022 Given that we are headed into the release of the November Consumer Price Index this upcoming (Tuesday, December 13th ) and also the December Federal Reserve Interest Rate Decision (Wednesday, December 14th) , are markets set up for another short opportunity into the end of January (Q1)?
SPY Daily Chart Template
www.tradingview.com
Which camp are you in on the short-term (end of year into Q1/23') direction of markets?
Camp A: We are likely we headed for new lows in Q1/23 (Fluctuating Inflation + Persistent Price/Wage Pressures + Hawkish FED).
Camp B: We are likely to break the downtrend into the start of Q1/23' (Peak Inflation + Deflationary Forces + Dovish FED).
Let me know your prediction in the comments below!
SPX is getting close to its targetNothing has changed, SPX is on the way to its target zone
I wanted a good gap up and crap from there, but we got completely the opposite.
Waiting patiently to enter with short position at 4007-20SPX zone
I havent traded much today, want to short, but this can continue squeezing on low vol
SPX is at support levelNothing much to add since yesterday's updates.
Im looking up for a breakdown trendline test. If its very bearish, then it can just get to 3965-70SPX and stop there.
That would mean much lower levels are coming this month!
Ideal pathway is to test 4k level and reverse down. That would be your shorting opportunity
The whole move off CPI will be erased next!
If it happens before the CPI on the 13th, be ware of a move down to 3400-3500!!!
So be careful if long here! especially if we stop at 3970SPX
SPX Model Trading Plans for TUE. 12/06Fed Pivot Hope Turning Into a Bull Trap Nightmare? Day 3
In our trading plans published post-NFP on Fri., 12/02, we wrote: "After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an "irrational exuberance", and the futures' reaction so far post-NFP points to this proving to be the case. Of course, how the index trades in the regular session and how it closes today will hold further clues to this".
Yesterday morning's hotter than expected ISM numbers, the post-PMI reaction, and this morning's market action so far are all lending more plausibility to our hypothesis that the recent spike up could be turning into a bull trap. The price action today and tomorrow could give us a confirmation. Bulls need to be cautious, and bears need to be nimble.
Positional Trading Models: Yesterday's published positional models closed 6.51 points in gains and went into the close with an open short at 4014.57 and a 38-point trailing stop. For today's session, models indicate tightening the trailing stop to 33-points. If stopped out, the models will stay flat for the rest of the session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for MON. 12/05:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4052, 4028, or 4003 with a 9-point trailing stop, and going short on a break below 4048, 4024, or 4000 with a 10-point trailing stop.
Models indicate long exits on a break below 4064, and short exits on a break above 3992. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
***** No Idle Analysis-paralysis here! Only actionable trading plans - every morning! And, transparent, verifiable results of each and every trading plan, every night!
LET THE RESULTS SPEAK FOR OUR MODELS! See for yourself how our Morning Trading Plans have been doing for the last one month or one year or since started! *****
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
(iv) Positional Models assume that we are trading an instrument that trades the futures hours, with the trailing and other stops effective overnight.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #fomc, #fed, #newhigh, #stocks, #futures, #inflation, #powell, #interestrates, #rates, #earnings, #midterms, #elections, #cpi, #fedpivot, #shortsqueeze, #bulltrap, #nfp, #nonfarmpayrolls, #jobs, #pmi, #ism
Buying SPX at support.US500 - Intraday - We look to Buy at 3958 (stop at 3927)
A Fibonacci confluence area is located at 4038.
Continued downward momentum from 4040 resulted in the pair posting net daily losses yesterday.
Selling posted in Asia.
Intraday, and we are between bespoke support and resistance 3958-4048.
Preferred trade is to buy on dips.
Our profit targets will be 4038 and 4048
Resistance: 4038 / 4048 / 4055
Support: 3958 / 3910 / 3886
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.