SPx500 sticks to positivityIn yesterday's trading, the index price touched the level of 4540.00 and then rebounded directly towards 4510.00, trying to catch its breath before resuming the main upward attack. The 4470.00 level continues to form additional support and the Stochastic indicator continues to fluctuate within the buying trend level. These factors support our bullish bias to remain waiting for the price to target the main target. Next stable near 4570.00.
Pivot Price: 4495
Resistance prices: 4529 & 4558 & 4586
Support prices: 4461 & 4444 & 4405
The general trend expected for today: bullish
Spx500short
S&P might drop
The current market conditions have prompted a cautious outlook on the S&P index, with indications that there might be a potential downward movement. The levels to watch for a potential short trade have been identified, with a suggested entry point at 4438.9 and corresponding stop-loss and take-profit levels set at 4548.0 and 4438.9, respectively.
However, it's essential to emphasize the speculative nature of this trading idea and the inherent risks involved in executing such strategies. The suggested levels are based on technical analysis and market observations at a specific point in time, but market conditions can change rapidly and unexpectedly. Therefore, any trading decision should be made with a thorough understanding of one's risk tolerance and careful consideration of the potential loss that could be incurred.
The stop-loss at 4548.0 is set to limit potential losses in case the trade moves against the anticipated direction. Meanwhile, the take-profit level at 4438.9 aims to capture a portion of the expected downward movement in the S&P index.
Traders and investors should conduct their own research, considering various factors such as market sentiment, fundamental analysis, and geopolitical events that could influence the direction of the market. Additionally, it's crucial to maintain a disciplined approach to risk management by using appropriate position sizing and not exposing a significant portion of one's portfolio to any single trade.
Furthermore, it's recommended to stay updated with real-time market information and adjust the trade strategy accordingly as new data becomes available. Markets are dynamic and subject to changes influenced by numerous unpredictable factors.
In conclusion, the suggested trade idea of shorting the S&P index with specific entry, stop-loss, and take-profit levels is merely a speculative notion. Traders and investors must exercise caution, conduct their due diligence, and be prepared to adapt their strategies based on evolving market conditions to navigate the inherent uncertainties of financial markets.
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
SPx500 4H pressing the barrierhello everyone,The index price repeatedly presented positive pressure on the stable barrier at 4422, with the aim of finding an outlet to resume the previously suggested upward attack. Currently, and with the main indicators of positive momentum presented, we advise waiting for the price to achieve the required breakthrough, to open the door to reaching additional stations, which may start from 4443 and 4464, respectively.
While the failure of the breakthrough may force the price to form a temporary corrective bounce, attracting towards 4386, reaching additional support centered at 4353 before recording any new positive target.
Pivot Price: 4422
Resistance prices: 4443 & 4464 & 4500
Support prices: 4386 & 4353 & 4328
The general trend expected for today: bullish with the breakthrough
SPx 4H : Support to decline SPx
New forecast
The index price fell in yesterday's trading and failed to resume the upward attack, forcing it to form a bearish corrective bounce, thus testing the initial support stable at 4353.
Therefore the downtrend scenario will be more likely during coming period and targeting 4321 and extend 4300, taking into account that stabilized above 4370 will return the price to the uptrend and support the price to rise up .
The expect range trading for today it will be between the resistance line 4370 and support line 4300 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 4321, 4300
resistance line : 4353 , 4370
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SPX to see a higher correction to the downside?SPX500USD - Intraday
Broken out of the wedge formation to the upside.
The formation has a measured move target of 4540.
Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias.
Bespoke support is located at 4310.
Reverse trend line support comes in at 4295.
There is scope for mild buying at the open but gains should be limited. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 4360 (stop at 4380)
Our profit targets will be 4310 and 4295
Resistance: 4360 / 4380 / 4397
Support: 4337 / 4310 / 4295
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.
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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
SPx500 moving slowlyIn yesterday's trading, the index price touched the level of 4402 and then repeated the sideways fluctuation near 4362, affected by the attempt to exit the Stochastic indicator from the overbought level, while the general stability is above the support level extending towards 4383 and the attempt to form the moving average 55 for additional support by settling at 4423, this calls us to adhere to the bullish bias. Which may soon target 4423 and 4464, respectively.
Pivot Price: 4383
Resistance Price: 4402 & 4423 & 4464
support price: 4353 & 4328 & 4298
The general trend expected for today is bullish
timeframe: 4H
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
SPx 4H :Trying to retest SPx
New forecast
Despite the weak trading of the index price yesterday and its repeated stability near 4353, this will not affect the main upward path, so we will maintain our bullish bias, but before that the price will try to form a downward correction, and after that it will rise.
Therefore the price will try to formed the negative correction and to confirm that should stable under 4353 and then the price will try to reach 4341 and breaching that will extend to 4321 , taking into account that stabilized above 4370 level will force the price to return the main bullish trend and targeting 4395.
The expect range trading for today it will be between the resistance line 4395 and support line 4341.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4353, 4341
resistance line : 4370 , 4395
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
S&P / ES Setting up for shorts tomorrow and next week.S&P / ES are in an abnormal distribution right now; up 5% in a week even including priced in prior to Fed Interest rate, looks like a convenient short hunting continuation path at this point. Idea is, it should present a short set up pretty soon after the NFP and into next week, levels are stated in the chart, good luck.
SPX500 ShortThe SPX is showing 4 variables that suggest the price will drop.
In our trading strategy, when an asset that is showing 4 variables in the same direction, we take the trade. As always the SL is one that as of right now makes sense, we will update if something changes.
The 4 edges (Variables) that suggest downside:
1. Confirmation of old channel as resistance.
2. Confirmation of 2021 high as resistance after price failed to return above it.
3. Bearish divergence on the MacD.
4. A bearish dark cloud cover/ piercing line candlestick formation (Confirmed with a negative close today).
Not to mention the asset retraced 61.8% to its recent high from low putting it in the golden zone.
We can never say an asset WILL go in a specific direction. We just look for scenarios where, based on researched methods, an asset has a higher probability of going in a direction. When multiple edges line up, we take the trade. This is one of those cases.
SPX500 4H still bearishHello traders,The price currently needs new negative momentum to enable it to resume the negative attack to soon target the 4183 level, and then let us wait for it to attack the 50% Fibonacci retracement level positioned near 4138.
Pivot Price: 4215
Resistance prices: 4265 & 4302 & 4346
Support prices: 4183 & 4138 & 4098
The expected general trend for today: bearish with the stability of the barrier
SPX ShortYesterday we observed a good rejection off of daily zone from SPX. now we wait for it to pull back to the daily zones coinciding with 8 EMA and the time base low AVWAP (red) and reject it.
inside value day today, so if it breaks PD VAH, there can be long opportunities but not interested in that today..
rest of the technical details are in the chart.
Key Technical Indicators Signal Downside Potential for S&P 500The market has recently exhibited a series of bearish indications, suggesting potential further downside for the SPX:
Price Action: The market gapped down after September 20th and hasn't recovered those levels.
Short-Term Moving Averages: The 50-day moving average recently crossed below the 21-day, indicating a potential short-term downtrend. Moreover, the price struggled to move back above the 50-day level.
Diverging Moving Averages: While the 21 and 50-day averages tilt downward, the longer 150 and 200-day averages remain bullish, suggesting a potential trend shift.
Critical Level Breach: The SPX closed below its 200-day SMA, a traditionally bearish signal.
Key Bearish Indicators:
TRIN: Indicates more volume with declining stocks.
TICK: Levels between -1000 to -1300 signal a bearish sentiment, hinting at institutional selling.
VIX: A 66% rise in the past week reflects increasing market uncertainty.
Prediction: Given these indicators, it seems probable that the SPX might not rebound off its 200-day SMA in the short term. There's potential for it to breach significant support levels, including S2 and the 1 Year anchored VWAP.
SPX is in an uptrend now Let's be honest. SPX is in an uptrend now. The price has been creating higher lows and higher highs. The downsloping trendline which was acting as a strong resistance in March 2023 was retested and confirmed as a support. Since then the price has been in the uptrend and in our opinion we are at the early stage of the new BULL MARKET.
Yes, you hear it right: BULL market.
The price remains above the ichimoku cloud and it looks like it's breaking the horizontal resistance.
It will take time for a price to recover but let's be clear here: we don't expect new lows on SPX. There will be more corrections and pullbacks but overall 4800 -5000 is a target which in our opinion we may see in 2024/2025
What do you think?
Do you agree? Leave your comment :)
SPx500 4H The S&P is awaiting negative momentum SPx500
if it falls above 4265 in this direction will rise to 4288 then 4312 then 4334
but if it is below 4265 the direction will go down 4219 , 4197 then 4177
Pivot Price: 4265
Resistance prices: 4288 & 4312 & 4334
Support prices: 4219 & 4197 & 4177
The expected trading range for today is between 4219 and 4288
timeframe:4
SPx500 4H Still bearishSPx500
if it falls above 4265 in this direction will rise to 4288 then 4312 then 4334
but if it is below 4265 the direction will go down 4219 , 4197 then 4177
Pivot Price: 4265
Resistance prices: 4288 & 4312 & 4334
Support prices: 4219 & 4197 & 4177
The expected trading range for today is between 4219 and 4288
timeframe:4
S&P 500 Analysis. Day trade Signal!!!Hello Everyone. I want share my idea about S&P 500 which will be signal for next week.
After Some pretty bearish momentum we got rejection from daily support. i think S&P will continue fall and i will try to catch that moment, for that i identify liquidity swings which gave me perfect entry area after used my Fibonacci levels, Fibonacci 78.60LVL and daily resistance is same place, trend what i see is still bearish, for that i decide to short it from That zone.
Here is my setup for my trading signal.
Open Short Position - 4332.1
Stop loss - 4358.00
Take Profit - First target at 4238.3 if it will reach then i will trail my stop loss at the Level.
Always Manage your own risk and make your own research!!!