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US SPX 500

Inverse H & S on Weekly SPX Analysis We are nearing an important event tomorrow where we will come to know about Fed funds rates and FOMC guidance for upcoming months. These events are known for creating extreme volatility. We can easily swing up and down 100- 150 points on days like these and set in motion what's to come for the next few months. No matter how big of a volatile move we will see tomorrow in the price action, it will be a small blip on a larger timeframe and that's what we are here to analyze. On weekly Time frame I am looking at this inverse Head and Shoulders pattern. Let's analyze this structure based on RSI indicator. In the main chart we can see that, since the time inverse H & S began to form, the RSI has been trading in a Rising wedge formation which is a bearish pattern. Every time we touch the top edge of the wedge, we have been getting a rejection on RSI and big move down in SPX. In the begenning of the structure and RSI we got huge moves to the downside, but those moves have been getting smaller and smaller both in RSI and Price Action. This is called compression which is followed by explosive moves once the pattern is broken. Last week we again got a rejection from the top edge of the wedge and have begun to move down, I have placed the measurements on the chart about how much we have been dropping every time we touch top edge of the wedge on RSI and based on the patterns in price drop and how much time it took to drop to the lower edge. We can expect a drop of about 5+ % from the current top and reach there in the next 2 to 3 weeks. Now once we have reached there RSI will have to decide whether to bounce back up or finally break the pattern. The break to the downside has descent chances of happening as per the Rising wedge pattern rules where it says the pattern break occurs in last 33% of the structure and it looks like we should be there by end of this month. If it does break below the inverse H & S pattern will fail. The best way to protect you from entering wrong trades : is to never be too sure about any analysis and always consider all possibilities. Following are the possibilities I see with RSI which can make or break the structure: We must monitor all the trendlines in RSI and see what PA is doing, it may not go all the way down and bounce back up from one of the trendlines in the middle. The following are all scenarios I am watching for the movement of RSI. I used a simple but powerful RSI indicator to gain insight on SPX Price action. If you are not familiar with this indicator, or if you have basic understanding but want to fully understand this indicator in detail: You can ago through the post in the links below: I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned and if you like my content and would like to learn from my experience hit like and follow me for getting notified on my trade, market projections and several upcoming tutorials on technical analysis and several technical Indicators. You can also leave a comment and let me know if you want me to analyze any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
OANDA:SPX500USD
by zakoraio
SPX500USD Will Go Up From Support! Long! Take a look at our analysis for SPX500USD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 4170.8. The above observations make me that the market will inevitably achieve 4234.1 level. P.S We determine 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDLong
by SignalProvider
12
4-27-23 [spx]gm gm, quick update to the local trajectory on the spx500. after invalidating the 5th leg up locally (via my last post), it becomes abundantly clear to me, that all of these moves - are in fact 3 wave moves. being this corrective by nature, i can now conclude my entire theory by saying this is in fact a massive B wave, and spx will undergo a significant break down once wave b has been completed (quite possible sub-covid-low). --- no downside targets at this time, but i got you whenever i see it. --- >keep in mind, these posts are very general, and you should consistently be doing your own dd, and analysis on the ever-changing market structures. ✌
CME_MINI:ES1!
by notoriousbids
1
4-25-23 [spx]good afternoon anon, are you feeling bearish all of a sudden? it's okay, that's natural. --- spx looks to be in a local 4th wave right now - 4073.75 is the hard invalidation on this local wave. if it is breached, the upside move is invalidated and bears take full control over the next 2 weeks. --- >if the bulls are succesful in this local setup, >i am estimating a move up to 4250 into this friday where i believe pce comes in hot, >and sends the market tumbling down into the dungeons. --- nfa, do your own research and dd.
CME_MINI:ES1!
by notoriousbids
18
Significance of the 12896.2-13231.6 sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (NAS100USD chart) Looking at the 1W chart, the 4th week showed sideways movement in the range of 12896.2-13418.8. The key is whether this week, the fifth week, can continue sideways. If not, you need to make sure it is supported on the 12716.0-12896.2 range, which is the 1st segment indicated on the 1D chart. Looking at the 1M chart, the HA-Low indicator is formed at 13480.9. Therefore, it needs to rise above 13480.9 to continue the uptrend on a long-term basis. Looking at the 1W chart, the HA-High indicator is formed at 12497.5. Therefore, it can be seen that it is maintaining an upward trend from a mid- to long-term perspective. Looking at the 1D chart, the HA-High indicator is formed at 12946.5. So, if it finds support around 12946.5, it is expected to rise above 13231.6. If you fall below the HA-High indicator and receive resistance, you should basically think of falling around the HA-Low indicator and think about countermeasures. ---------------------------------------------- (SPX500USD chart) The key is whether it can be supported around 4116.0-4123.5 and rise above 4169.6. If not, you need to make sure it is supported around 4045.2. Looking at the 1W chart, point 4116.0 is the section where the volume profile section is formed. Therefore, being supported in the 4116.0-4169.6 section means that you can create a new wave. However, it means that the resistance is strong, so it is good to check the upward breakout. ---------------------------------------------- (DXY chart) - It broke out of the rising channel of the 1M chart. - The key is whether it can fall along the 1W chart's downtrend channel. - The key is whether it can fall below 101.494 on the 1D chart. In order for the investment market to be active, I think it should show sideways in the 98.244-101.494 section. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
OANDA:NAS100USD
by readCrypto
1
S&P500 short limit at 4135.5Intraday trading idea with 4.8R on the table. Supply and demand pockets followed with impulsive inefficient moves have been reliable on ES. Closest pocket of supply that broke higher timeframe market structure is around tested Support-turn-Resistance line. I am expecting the price to retrace to the 4135-4145 area and then continue downwards. Entry: 4135.5 Stop: Top of the supply zone 4144.5 Target: 4091.5 4.89R trade Looser Stop loss at 4150 still gives 3R trade. Depending on the market conditions, but I will most likely play this as soft and hard stop loss, adding into position after confirmation of the validity of the setup. Setup is invalid if we just continue downwards - and break the low of 4091.5.
CME_MINI:ES1!Short
by CleoFinance
PX500 - goes to test the global trend line!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Technical - the stock market may test the global trend line, at the moment it acts as support for the SPX500. Usually such tests are met with squeezes and after that the price returns again to test the support, can we bounce back to the 4150 points zone again, technically everything looks like this, let's see where this correction will lead. Fundamentally - there are rumors that the correction in the stock market began due to the problems of one of the FIRST REPUBLIC BANK banks, which may go bankrupt soon, the bank's shares have already fallen by -40%, another bank in the Fed's piggy bank, the printing press is probably already refueling with ink))
SP:SPXShort
by DanilBlinkov
SPX - ABC. Allowing Bank Capitulations? 25/02/23We could be setting up for a classic deep ABC pattern here. Since my last post of a WXY count, it seems that we instead finished a 5 count as previously shown: Since previous low, price has formed a convincing ABC correction to where we sit now. No move down is technically confirmed just yet but there's certainly an increasing probability day by day that this count can come to fruition. Let us not forget what happened in 2008: There's also the hot topic of inflation rebounding. Did the FED ease off the pedal too quickly? Maybe. Just Maybe. This is not financial advice and always DYOR .
OANDA:SPX500USDShort
by fvideira
10
SPX is overvalued and risk while DAX outperformsThe SPX or the S&P 500 appears to be overvalued according to this critical red line in the Fibonacci levels, Fibonacci. With potentially deteriorating market conditions, many have left the stock markets globally to park their money .in safer assets like money markets. Most investors are getting better performance because of higher interest rates than taking risks in the stock market. I have lost all confidence in trading in the stock market currently due to higher volatile pricing action. Is there a significant calamity on the way? There are better-producing stock markets internationally out there, including Germany.
SP:SPX
by bryandowningqln
Whether the investment market is active or not is a DXY chart...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- (NAS100USD chart) The key is whether it can rise above the volume profile section of 12896.2-13231.6. (1D chart) Therefore, it is necessary to check whether it can rise to the 13231.6-13480.9 section and be supported. ----------------------------------------------- (SPX500USD chart) The key is whether it can rise above the volume profile section of 4116.0-4169.6 and continue its rise along the rising channel. (1D chart) ------------------------------------------- (DXY chart) Looking at the 1M chart, it shows a breakout from the uptrend channel. Accordingly, the key is whether it will form a new trend. In my opinion, for the investment market to pick up steam, DXY needs to show sideways decline below 101.494. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
OANDA:NAS100USD
by readCrypto
1
SPX 500 Futures: Analyzing Price Movements and Predicting TrendsAs a trader, keeping an eye on market trends and understanding how to interpret them is crucial to making informed decisions. In this article, I'll explore the price movements of the S&P 500 (SPX) futures since the beginning of February 2023. Whether you're a beginner or an intermediate trader, this analysis will provide insights into the market's behavior and hopefully help you make better decisions for your portfolio. The Roller Coaster Ride: February to March 2023 At the beginning of February 2023, the ES futures hit a high near 4200, marking the start of a steep decline. The descent was impulsive, and prices dropped to almost 3800, stopping short by about 30 points. There are two ways to interpret the downward movement: either as a 5-wave structure or a 3-wave structure. The choppiness and overlap of the moves make it difficult to determine the exact structure, but one thing is clear: a significant bottom was reached around March 13, 2023, the same date as the bottom in 2020 . The Rebound and the Big Question Since that bottom, the ES futures have rebounded, practically returning to their starting point at 4200. Now, we face a critical question: what happens next? From a trading standpoint, it appears that we're in a rising wedge , forming an ending diagonal with multiple 3-wave structures. If the lower trendline is breached, the market could be on its way to testing 4000, or even lower . However, if the upper trendline is broken and the market surpasses 4200, a slow grind up to 4300-4500 is possible, although I'd give it a 20% chance at this point. Key Trendlines and Moving Averages Beneath the current market level, two significant trendlines exist . The first, originating from the October lows, sits around 3925 , while the second, from the COVID-19 lows, hovers around 3775 . Interestingly, the latter trendline coincides with the 200-week simple moving average . Making Bets: Bull or Bear? Regardless of whether you're bullish or bearish, it's evident that the market is in a compressing wedge , which will eventually break in one direction or the other. The decision you need to make is whether to place your bets now or wait for a break to occur. It's worth noting that while the market has risen significantly, it could fall just as quickly. Conversely, after a challenging 2022 for investors, the market could continue to rise. The key to longer-term upside potential lies in the VIX, which needs to stay below 20 for the slow grind rise . By examining the recent history of the SPX 500 futures and their current position within a compressing wedge, you can better prepare for potential shifts in the market. Whether you choose to place your bets now or wait for a break, staying informed and adaptable is crucial to successful trading.
CME_MINI:ES1!Short
by bitdoctor
6
Stocks: Early optimism fades but trend still positiveWall Street opened higher after futures rose in the first half of Tuesday’s session, finding good support from firmer Chinese and European equity markets, and positive risk appetite across the financial markets with the likes of Bitcoin and AUD/USD also higher. But at the time of writing, the major indices had all turned negative on the day, most likely due to profit-taking ahead even more earnings. Therefore, the bullish S&P 500 forecast is still valid until the charts tell us otherwise. Chinese data fuels rally in risk assets Mixed bank earnings reports Netflix kicks off tech earnings Strong Chinese GDP underpins miners, luxury names Earlier in the day, stronger-than-expected Chinese GDP and consumer spending data had helped to fuel a rally in European luxury names, while miners were leading the charge in London. Investors were also digesting US earnings, as Goldman Sachs and Bank of American produced contrasting results with the former dropping more than 3% and the latter rising 2.8% in premarket. These come after strong results from JP Morgan, Citi and Wells Fargo on Friday, soothing investor concerns surrounding banks’ profitability. US housing data highlights impact of higher rates Meanwhile, the latest US housing market data hinted to a drop in future construction, underscoring the impact of high interest rates. Housing starts for March were 1.42 million annualised units compared to 1.40 million expected and 1.43m last. Housing permits fell to 1.41m from 1.55m previously, disappointing expectations of 1.45m. So, not great numbers – especially the near-9% decline in permits, which is a leading indicator of future housing construction. Despite the housing market slowdown, the labour market is still holding its own rather well, an inflation is falling somewhat rapidly now. All told, the US is still likely heading for an economic slowdown, but it may be less severe than expected. Which is why investors’ have pared their Fed rate-cut predictions from extreme levels, and why we have seen US equity markets perform rather well in recent weeks. Focus turns to Netflix and other big techs Investors’ focus will turn to technology sector earnings, with Netflix set to report its results after the close tonight and Tesla the day after. Microsoft, Alphabet, Amazon, and Meta are scheduled to post their numbers next week, followed by Apple in early May. These results will have an impact on our S&P 500 forecast, as well as the other major indices. S&P 500 Technical Analysis While the current shape of the candle looks bearish, the day is still young, and dip-buyers might step back in to save the day. Regardless of how the market closes today, the S&P 500 forecast remains bullish until we see a break down in the market structure of higher highs and higher lows. The most recent low comes in around 4082, which is now the line in the sand as far the short-term outlook is concerned. For as long as the S&P holds above this level, the path of least resistance would remain to the upside. The bulls will want to defend the shaded blue area that was being tested at the time of writing. Previously resistance, it needs to serve as support to keep the short-term bullish momentum intact. If support holds here, then the next stop could be above 4195, the high that was hit back in February. -- Written by Fawad Razaqzada, Market Analyst Follow Fawad on Twitter @Trader_F_R
FOREXCOM:SPX500
by FOREXcom