S&P500 TECHNICAL ANALYSISAs for S&P500 the index retested 4586.00 zone which presented some buying, as far as the long term trend for S&P 500 is bullish I will remain so and look to find buying opportunites only if the index trade above level 4588.00, but if the index break the level 4588.00 I will remain bullish but for me to take the trade I will want the index to trade above 4588.0 but for short positionsI want to see the 4544.00 level take out which for now it seems impossible but, nothing is impossible in trading, my t.p for long position will be @4640.00, which is more of a swing trade.
US SPX 500
History is cyclical. So, read this. Bitcoin vs SP500——
Part 1
On the right is the S&P500 index (conditionally 1960-85 years). Bitcoin on the left.
Stocks used to be as much of a novelty as crypto is now. Facts first, opinions second.
Facts:
— 1965-70 years. Green zone
>>> Economic growth, more dollars, assets grow. But the war in Vietnam continues and world economic growth gradually stops.
>>> Now: 2019-21 very strong growth of the stock and crypto market due to dollar printing. Towards the end of the inflation problem and the war in Ukraine. The economy worsened.
— 1970-75 years. Purple zone
>>> The fight against very strong inflation begins. Oil crisis. The USA spends a lot of money on the war in Vietnam. The global economy is not growing (stagnant). Taxes are increasing.
>>> Now: The US and the EU are battling inflation, but it's not over yet. The USA spends a lot of resources to support Ukraine in the war. The global economy is not growing (stagnant). Taxes are increasing.
— 1975-85+ years. Orange zone.
>>> The end of the war. Inflation is still strong but improving. Tax reduction as a new policy of Reagan (USA). General improvement of the global economy.
NAS100USD: Check for support around 15978.3Hello traders!
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Have a good day.
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(DXY chart)
We need to see if it can be maintained by falling below 102.089.
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(SPX500USD chart)
(1M charts)
If it holds above 4419.8, it is expected to renew the new high (ATH).
(1W chart)
The key is whether it can receive support and rise in the 4478.4-4654.0 range.
(1D chart)
We have entered the previous high point box range, 4581.4-4754.4.
Accordingly, the key is whether it can be supported and rise above 4581.4.
The support range is the 4419.8-4478.4 range.
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(NAS100USD chart)
(1M charts)
We need to check whether it can rise above 16579.4, the upper point of the box section.
(1W chart)
We need to see if it can support and rise around 15978.3.
(1D chart)
The key is whether it can renew the new high (ATH) by receiving support around 15978.3 and above 16579.4, the upper point of the box section.
The support range for this is the 15090.3-15978.3 range.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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NAS100USD: Need to check if it can rise above 15978.3Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(DXY chart)
It shows a decline in the boundary range of 150.664-106.416.
However, there is a possibility that it will receive support and rise around 102.089, so you should watch it.
If it falls below 102.089, I think there is a high possibility that the investment market will become active.
We need to ensure that funds can flow into the investment market accordingly.
------------------------------------------------
(SPX500USD chart)
(1M charts)
The key is whether it can receive support and rise in the box section of 4104.1-4820.2.
(1W chart)
To do so, we need to check whether it can rise to the 4583.8-4654.0 range.
If not, you should check for support around 4478.4.
(1D chart)
The key is whether it can receive support and rise in the current box range of 4507.8-4578.3.
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(NAS100USD chart)
(1M charts)
We need to see if it can be maintained above 14880.8 and continue until 2025.
(1W chart)
The key is whether it can receive support and rise from the previous box range of 15167.4-16579.4.
The next period of volatility is expected to occur around the week of December 25th.
Accordingly, it is necessary to check whether the new high (ATH) can be renewed by falling below 13418.8 or rising above 16579.4.
(1D chart)
To continue the upward trend, the key is whether it can be maintained above 15816.4.
If it falls, you should check for support around 15551.2.
The HA-High indicator appears to be forming at the 15949.9 point.
Accordingly, it is necessary to check whether support is received around 15949.9.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
SPX500 to see a fakeout?US500 - Intraday
A Fibonacci confluence area is located at 4549.
Expect trading to remain mixed and volatile.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
The formation has a measured move target of 4507.
Bespoke support is located at 4465.
We look to Sell at 4573 (stop at 4598)
Our profit targets will be 4513 and 4493
Resistance: 4569 / 4575 / 4600
Support: 4545 / 4507 / 4465
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 M chartI think this chart will be really hard for me to explain. Why I see the continuation of the rally.
But I think its just my experience and practise all because I used to analize hundred charts per day.
Look at the chart, you can see these red boxes I highlighted. Every time there was this pull back on HTF charts, these pull backs were really intensive with long term play out.
I think that now its time for another rally like previous one. And only after breaking 4730$ SPX may give a good push towards to ***5000 - 5437$*** or may be higher. It is really hard to say right now because its gonna be a New ATH!
Of course don’t forget about what I was writing above and the levels I was mentioned about. These scenario will play out only after breaking important levels!!!
#SPX 3W TFLet’s go further and look at 3W TF
As I was writing before, I expect to see some range with further continuation of the uptrend.
On higher TF I still see these levels **4500$ - 4395$** as Important support levels for the bull run continuation or at least until the level **4730$**
Also RSI shows me a nice bounce from its middle line (50%) and I think that it will continue its uptrend towards to 76%, where the price may cool down.
Remember that it’s 3W TF.
SPx500 sticks to positivityHello everyone,The index price announced its adherence to the upward path by recently submitting multiple closings near the 4525.00 level, thus attempting to counter the attempt of the Stochastic indicator to exit the overbought level, as is evident in the attached drawing.
We point out that the price is surrounded by several factors that support positive continuity, including the formation of the 4437 level for basic support, in addition to the attempt to form the 4475 level for additional support. Therefore, we will remain waiting for the price to succeed in gaining additional positive momentum to enable it to reach the next main target stable near 4555 , and then let us wait for the next close. So that we can determine the expected direction of upcoming trading.
Pivot Price: 4525
Resistance prices: 4555 & 4579 & 4605
Support prices: 4492 & 4475 & 4437
The general trend expected for today: bullish
SPX500 - Bearish Scenario 📉Hi Traders !
On Wednesday 15 Nov, The SPX500 Price Reached a Resistance Level (4515.46 - 4540.00)
The Price Formed a Double TOP Pattern.
So, We have a Bearish Scenario:
If The Market Breaks The Neckline and Closes Below That,
We Will See a Bearish Move 📉
Let's Wait For Breakout 🔥
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TARGET: 4400.00🎯
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
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
SNP500 & My BIG SHORT - Recession TradeSPX is destined to drop hard, back to 2009 lows.
I decided to go short, to catch the next Market Crash.
It's the previous Wave 4 of a lesser degree.
If you know Elliott Wave as I do, then you are getting ready too.
In my opinion SPX500USD has topped a Wave 5 of a large degree.
More info on that in my Full Wave Count for that 150y old chart.
Here's a picture on that SPX500 / US500 Monthly Chart:
Now, what are the main reasons behind my BIG SHORT on US500.F ?
1. The Volatility Index (VIX) is showing a Fractal, the 2007-2009 same/exact sequence.
2. The United States Consumer Confidence Index (USCCI) is telling me that Consumers are entering the Fear Period.
3. The Federal Reserve Funds Rate (FEDFUNDS / FRED) has broken out of an important Downtrend.
4. The US Inflation Rate (USIRYY) is saying that a full-blown war has started.
5. The 10y Treasury Note Yield (TNX) just broke out of a 40y Downtrend.
6. The US 10y Government Bonds (US10 / US10Y / USB10YUSD) finalized a big bearish leg.
7. The Crypto Market Cap (TOTAL) & Bitcoin (BTCUSD) : The Golden King is taking over.
I know what you might be thinking: SPXUSD could actually do one last Bullish move, an overshoot in the last of the last 5th, right?
In this case, the Wave Count on ES1! could be one step behind, and the Impulse Extension in the 5th of 5th was left out.
Yes, that could be a scenario as well, and I will get burnt.
However, I do not think that's the case, so I am loading my Shorts on SPX500USD !
I could not help but noticing that SPX500 is doing the same Fractal Sequence it did on the previous 2007-2009 Recession.
My Sell Orders & Trading Signals on the SPX Market Crash:
* Aggressive Entry: @ Market Price ($3960)
* Moderate Entry: @ $4500 with SL @ 4900
* Conservative Entry: @ 4700.0 with SL @ 5400
* Position Trading: Sell Stop @ 3700.0 with SL @ 4800.0
* Targets @ : $3200 / $2750 / $2500 / $2200 / $1800 / $1400 / $1100
* Safety measures: when in the green, moving SL @ BE.
Good luck and many pips ahead!
Richard, the Wave Jedi.
SPX500 - New Breakout 📈Hello Traders !
On The Daily Time Frame, The SPX500 Price Reached A Strong Support Level (4141.00 - 4103.00).
The Resistance Level (4397.84 - 4376.45) is Broken and Becomes a New Support Level.
The Resistance Line is Broken.
So, I Expect a Bullish Move📈.
i'm waiting for retest...
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TARGET: 4500.00🎯
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 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.
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