SPX - 02/10/23 - TRADE IDEASSPX- 02/09/23
**Trade setup:** Seems to be holding the $4250 area really well, will look to test again to see if they take it out.
We have completed the head and should pattern I identified on the 18th of SEPT now we are holding nice in this area so I will look for another test of $4250 to look for a structure break on the 15 min to enter a long.
If it doesn't hold I'll then reverse my thoughts and take a short to $4168 area the next higher low from the move upwards.
Now the targets are below:
**Bullish target:** $4325
**Bearish target:** $4168
**Supply and Demand**: The nearest Demand to keep us up is $4250. The next Supply is $4525.
US SPX 500
SPY 30th Sep,2023 WEEKLYThis is my weekly analysis for SPY.I have clearly explained what price is willing to do and trust me there is no rush to push trades on yourself. Just wait for the right opportunity.
If you have any doubts feel free to shoot me a text.
NOTE: STAY AWAY IF YOU ARE NOT SURE ABOUT THE MARKET
correction wave formation in S&P 500Elliott Wave Analysis:-
correction Wave's:-
View 1:-
A wave and B wave was completed for forming a regular flat / Zig-Zag .
C wave was expected to fall upto 4197 - 4270 .
View 2:-
If the C wave never break level 4335 of A wave then triangle pattern is in formation.
D wave never break B wave.
View 3:-
If B wave go beyond 4607 it may form an irregular flat and it may go upto 4860 - 4718 .
i'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
SPX 500USD, Long The SPX 500USD is breaking unto a yearly trendline support from 20th April 2020.
The market is ready to retest the weekly EMA-50 and Daily EMA 200 on that same support at 4257 which coincides with the yearly upside trendline support.
My bias is that the trend will be upside from the liquidity zone and yearly trendline support.
I am also expecting a bearish wave of the DXY in this week and coming weeks.
DXY: 105.664-106.416 Important boundary zoneHello?
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(DXY chart)
The key is whether it can meet resistance around 105.664-106.416 and fall.
If not, the investment market is likely to enter a recession.
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(SPX500USD chart)
On each chart, the HA-High indicator was touched and fell.
Accordingly, the likelihood of touching the HA-Low indicator on each chart is increasing.
(1D chart)
Currently, only the 1D chart is touching the HA-Low indicator and is falling.
If you touch the HA-High indicator and then move down to touch the HA-Low indicator, you can say that you are in a trend reversal zone.
Therefore, at this time, there is a high possibility that the trend will be determined depending on whether it is supported or resisted by the HA-Low indicator.
You can see that the trend has turned to the downside as it currently falls below the HA-Low indicator.
This is likely to lead to a cascading decline.
In order to stop the cascading decline, the price must rise above the HA-Low indicator to show support.
If the decline continues around 4247.8, the HA-Low indicator is expected to decline and be created.
At this time, it is important to receive support from the HA-Low indicator.
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(NAS100USD chart)
The difference between the NAS100 chart and the SPX500 chart is that it has not yet touched the HA-Low indicator on the 1D chart.
(1D chart)
However, if it falls further, a new HA-Low indicator is expected to be created, so the key is whether or not there is support near the HA-Low indicator.
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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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Call your Mom; Stocks BLOODBATH LoadingHi Traders, Investors and Speculators of Charts📈📉
Is the mother of all shorts loading for the stock market? Seems likely!
A lower-high topout confirms that selling pressure dominates as we observe the perfect Wyckoff Method failed breakout (which happens before the bearish cycle).
This means the stock market as a whole will likely experience liquidations soon, driving the price of most stocks into a bearish cycle.
If we pull up a macro Fibonacci Extension, we'll see a perfect top-out at the 4.618 extension, which is always an important one to watch.
NOTE that I am not advocating to SHORT your stocks here. Instead, think of it as a potential opportunity to buy additional at lower prices in the NEAR TERM.
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SPX at a decisive pointWe recently pointed out how the Chinese stock market started to stagnate despite the regulator's intervention. Additionally, we noted that this was likely to happen in the U.S. market as well. Fast forward to today, and that is indeed the case. Since the beginning of the current month, SPX failed to reach a new high. Therefore, we are paying close attention to multiple technical indicators on the daily chart, which suggests that SPX might be at a decisive turning point. Over the past few days, Stochastic and RSI flattened (on the daily chart). To bolster a bearish case, we want to see them start declining. Furthermore, we want to see MACD drop below the midpoint, which would also strengthen the bearish case. In such a scenario, we expect SPX to drift below $4,400. Contrarily, to support a bullish case, we want to see all these indicators trend to the upside, with MACD holding above the midpoint.
Illustration 1.01
Illustration 1.01 displays the daily chart of MACD, which is flattening just slightly above the midpoint. Breakout below zero will be bearish.
Illustration 1.02
Illustration 1.02 shows the daily chart of VIX. The yellow arrow indicates an opening gap on 5th September 2023 that has not been filled yet.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Neutral
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Attempting a trend reversal in DXY and SPX500Hello?
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(DXY chart)
It has not yet risen to the vicinity of the arrows shown on the 1M chart and 1W chart.
However, there is a trend reversal movement in the 1D chart.
Therefore, if it holds at 104.789, it is highly likely that DXY will eventually switch to an upward trend.
If the 105.664 point on the 1M chart and the 106.416 point on the 1W chart rise above the 105.664-106.416 range formed by these two points, there is a possibility that the investment market will enter a recession.
Accordingly, caution is required when investing.
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(SPX500USD chart)
Looking at the 1M chart, it shows support around the 4419.8 point.
Therefore, if it remains around 4419.8, it is expected to show a further upward trend.
(1W chart)
The 1W chart appears likely to lead to a further decline as the HA-High indicator shows a decline.
However, since the HA-Low indicator is still located around 2755.8, I think it should be interpreted that it is still maintaining an upward trend from a mid-term perspective.
It is necessary to check whether support is received around the above support and resistance points of 3903.4, 4116.0, and 4403.3.
(1D chart)
On the 1D chart, you can see that it is located in a trend reversal zone.
Accordingly, it is judged that the upward trend can be maintained only if it remains above the 4420.0 point.
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(NAS100USD chart)
The NAS100USD chart looks slightly different from the SPX500USD chart.
(1D chart)
Therefore, if the HA-Low indicator on the 1D chart is not generated by rising, I think there is still a chance for it to rise.
(1M charts)
Therefore, the key is whether it stays above the 15090.3 point on the 1M chart.
The maximum support area is around 14710.6.
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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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SPX500USD Will Go Higher! Buy!
Take a look at our analysis for SPX500USD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 4465.6.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 4478.5 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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SPX / USD – HTF JOURNAL - WEEKLY SERIESThis is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas.
| This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions |
In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the > OANDA:SPX500USD <
We focus on the technical KEY points and KEY areas that will be relevant in the coming weeks & months.
As soon as candlestick closes emerge that suggest a temporary direction for the price intra-day, I create a separate post below.
This post will be under a similar name, which is as follows: " SPX / USD - JOURNAL - ACTIVE SERIES " (Includes: entries, stop loss & take profit levels)
Once published, it will be added as a comment, and when this post is saved, you will receive a notification about it.
How do I save an idea so that I receive a notification when it’s updated?
MARKED POINTS OF INTENTION (POI)
The all-time high of 2022, is only 4.56% away from the current top, which is scary in terms of the economic situation.
The overvaluation of stocks has reached a point where the fall will result in a hard landing.
The institutions and central banks know this and are currently delaying disaster. From a technical perspective, we are below / at the mid-trend line of the overarching uptrend channel.
From a subordinate perspective, the price has broken out of a recent trend channel and has not had enough momentum on the reconfirmation.
Momentum indicators in the weekly TFs and higher are not meaningful; however, a small bearish divergence can be seen in the daily TFs.
There are a lot of support areas standing in the way of a serious sell-off, which would have to be broken first - both scenarios are thus not to be ruled out | LONG / SHORT.
Z - You have to understand the big picture to not drown in the noise of the small one - Z
| ZielIstDieAutarkie |
If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOST very much.
Thank you and happy trading!
Z
SP500 Correction LevelThe SP500 index continues to rise as long as it remains above the 20-week moving average, but this may be coming to an end. Weekly closes below $4436 will create a negative outlook. A correction could push the index down to the 100-week moving average of $4160. But as long as the index remains above $4436, the rise will continue.
SPX500USD Will Go Higher! Long!
Take a look at our analysis for SPX500USD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 4458.0.
Considering the today's price action, probabilities will be high to see a movement to 4478.3.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Trend reversal zone: 103.484-104.064Hello?
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(DXY chart)
If this rise rises above 105.664 on the 1M chart, a new trend is expected to be formed.
This new trend is expected to show its exact direction when it rises above 106.416 on the 1W chart.
If you look at the location of the high point where the finger on the 1D chart is pointing, you can see that it is in a downward trend.
In order to turn this downward trend into an upward trend, support must be found around 103.484-104.064.
If that happens, DXY is likely to turn to the upside.
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(SPX500USD chart)
The possibility of renewing the new high (ATH) is increasing while maintaining the price above the HA-High indicator (4419.8) on the 1M chart and the HA-High indicator (4478.4) on the 1W chart.
Accordingly, the key is whether the price can rise above the HA-High indicator (4563.2) on the 1D chart.
To do this, we need to check whether we can receive support around 4514.3.
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(NAS100USD chart)
If it rises above 15624.6, it is expected to renew the new high (ATH).
Accordingly, the key is whether it can receive support and rise around 15090.3-15379.1.
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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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