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Spx500short

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. 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.
OANDA:SPX500USDShort
by OANDA
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
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
OANDA:SPX500USDLong
by Evar_Mayi
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
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 ❤️
OANDA:SPX500USDShort
by Arazmajeed
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.
BLACKBULL:US500.FShort
by SynergyTradingSetups
2
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.
SP:SPXShort
by dburgos0127
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 :)
SP:SPXLong
by vf_investment
12
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!!!
CAPITALCOM:US500Short
by elmakacho