Can S&P 500 Maintain Uptrend After Hitting Resistance at 4,320?Mechanical aspects of the market took over on Friday after the surprise job report. The job growth was nearly double what was expected, while unemployment and wage growth were basically within the same range they had been for months.
So, if there is progress in the labor market softening, it is tough to find, and the pace at which wage growth is coming down is way too slow to meet the Fed’s 2% inflation target anytime soon. The Fed needs wage growth closer to 3%, which is still over 4%. And while this job data alone isn’t likely enough to raise rates in November, it just pushes out the timeline for rates to stay higher.
US SPX 500
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
DXY and Yields are set up to Rise as SPX Tests Range ResistanceThe DXY is sitting at the HOP level of this Bullish Deep Crab for the second time, generating PPO Confirmation Arrows during both tests, while the Yields are sitting at the PCZ of a Bullish Bat with PPO Confirmation, all while the SPX500USD is testing what used to be Former Range Support as New Resistance. If everything lines up here as it seems, we should see DXY and Yields Rise once more as the SPX rejects the old trading range in what I anticipate to be a fairly violent way.
NAS100USD: The key is whether it receives support at 14797.1Hello?
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(UDST chart)
The candle size is still quite large.
Accordingly, we can see that the period of profit realization continues.
However, if USDT does not fall by the gap, I think the funds in the coin market will remain the same.
(USDC chart)
As the gap decreases, you can see that funds have been flowing out through USDC.
I don't think USDC's funds will have much of an impact on the coin market.
The reason is that the USDC market is not active.
Therefore, I believe that the longer USDC's outflow of funds continues, the more likely it will be to see independent movements that are separate from the movements of the stock market.
However, I don't think it's a good idea in terms of funds leaving the coin market.
Therefore, even if the coin market shows an upward trend, the amount of fluctuation is likely to be limited.
(BTC.D chart)
(USDT.D chart)
BTC dominance and USDT dominance are on the rise.
Therefore, caution is required when trading.
In order for the coin market to show an upward trend, BTC dominance and USDT dominance must show a simultaneous decline.
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(DXY chart)
The key is whether it can meet resistance and decline around 106.416.
(SPX500USD chart)
If it does not rise above 4331.1, it is expected to turn into a downward trend, so caution is required.
(NAS100USD chart)
If it falls below 14797.1, there is a possibility that the HA-Low indicator on the 1D chart will rise and be created.
If so, the key is whether it is supported by the HA-Low indicator.
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To summarize,
If DXY rises above 106.416, the investment market is likely to enter a recession.
SPX500USD is expected to turn to the downside if it meets resistance below 4331.1.
If NAS100USD falls below 14797.1, there is a high possibility that it will enter a trend reversal period.
Accordingly, the key is whether DXY can meet resistance around 106.416 and fall.
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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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SPX\S&P500 - H4\D1SPX\S&P500
W1 – the third wave pattern has formed. The previous week closed with the level consolidating and the 1st wave breaking through (4334.4) – global targets 4045 – 3800.
What can you expect?
You can consider an entry from breaking through the level of 4277 to continue the movement down to the levels of 4092. Having canceled the movement, the price will return to the level of 4340.
Targets 4185 - 4150 - 4092
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.
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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