US SPX 500
SPX500USD Will Go Higher From Support! Buy!
Please, check our technical outlook for SPX500USD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 4766.8.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 4805.8 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Will the S&P500 Index Touch a New All-Time High(ATH)❗️❓📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not.
🏃♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines .
🔔I expect two scenarios for the S&P500 Index:
The scenario of S&P500 Index falling to the broken 🔴 Resistance zone( $4,640-$4,540 ) 🔴 (as a pullback ) and rising again.
In the second scenario, the S&P500 Index falls to the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and continues falling to the Fibonacci levels that I marked for you in the chart. We saw a bull trap in this scenario.
🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡 Price Reversal Zone(PRZ) 🟡and will decrease by at least ➖3% in the coming weeks.
S&P500 Index (SPXUSD),4-hour time frame ⏰.
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Uncanny resemblance noticed here on the SPX! Witchcraft much?Uncanny resemblance here! Break the highs, run the stops (4860-4900) finish wave 1 up... Top is in place this week or next week. RSI is 82+ and we in extreme greed, time, and price at that point will match wave 1.. #witchcraftmuch
Time of wave 2 and 4 also matches and they alternate between patterns/structures: i.e.: wave 2 is a flat correction and wave 4 was a zigzag!
VERY INTERESTING!!!!!!!!
S&P Short; Wave 5 target reached, RSI(7) pattern recognisedIn Summary:
1. We see 5 waves up and wave1=wave5, and it doesn't matter if it is a 1-2-3-4-5 or a W-X-Y-X-Z. The next move should be down.
2. RSI(7) crosses 88 and based on 3 other historical instances of similar preceding pattern, the next move should be down.
3. The risk-reward is better on the short side than the long side.
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.
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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(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.
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(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.
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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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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
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#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