SPX500USD ( UNDER BEARISH PRESSURE ) ( 1H )SPX500USD
HELLO TRADERS
Tendency the price stabilizing below turning level at 5,488 , indicates under bearish pressure
PRICE MOVEMENT :
the price stabilizing below turning level at 5,488 , indicates to reach a support level, have two condition to reach this level , first condition corrective 5,488 before dropping to 5,438 , the second condition in a direct manner reach around 5,378 ,
if the breaking turning level at 5,488 , the price of the spx500usd reach a new historical peak , but reaches the resistance level early around 5,524 , after create new resistance level at 5,561
TARGET LEVEL :
TURNING LEVEL : 5,488
RESISTANCE LEVEL : 5,524 , 5,561
SUPPORT LEVEL : 5,438 , 5,378
US SPX 500
SPX500USD ( UNDER ORDER BLOCK ) ( 4H )SPX500USD
HELLO TRADERS
AS I pointed out yesterday , the price breaking turning level reach to resistance level , rising + 380 pip , today will be attempt to touch support level
Tendency the price is a bearish pressure in 5,509
TURNING LEVEL : the price turning level at 5,509, price stable below this level it becomes reach a support level , but if breaking this level active bullish area , if by open 4h candle above turning level in the order block area , crated a new historical price
RESISTANCE LEVEL: if the price braking turning level at 5,509, the price will rise to 5,530 and 5,569
SUPPORT LEVEL : the price trade below turning level 5,509, it will reach the support level of 5,441 and 5,405 , stable this level reach to 5,345
CORRECTIVE LEVEL : price will 5,509, may be in corrective order block area before decline
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SPX500USD Is Bullish! Buy!
Please, check our technical outlook for SPX500USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 5,525.4.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 5,670.1 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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SPX500USD Is Very Bearish! Short!
Here is our detailed technical review for SPX500USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 5,469.2.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 5,438.7 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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SPX500USD ( UNDER DOWNWARD PRESSURE )SPX500USD
HELLO TRADERS
yesterday , as said the price is under bearish pressure , dropping + 370 pip aimed first target
toady , is the continues of the falling price , first attempt to corrective turning level and may be swing 5,502 before falling
Tendency the price is a bearish pressure in 5,486
TURNING LEVEL : the price turning level at 5,486 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area , may be attempt to create a new historical peaks
RESISTANCE LEVEL: if the price braking turning level at 5,486, the price will rise to 5,516 and 5,540
SUPPORT LEVEL : the price trade below turning level 5,486, it will reach the support level of 5,458 and 5,424, stable this level reach to 5,383
CORRECTIVE LEVEL : price will 5,486, may be in corrective swing at 5,502 before decline
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Monthly SELL Divergence on S&P 500Check out this Super Steep RSI Sell Divergence on the S&P 500... This is a long term issue for the market. The indicator is making lower highs while price keeps making higher highs. This creates a paradox, a vacuum, a discrepancy, etc.... This is the most important chart to watch IMHO for the medium term.
SPX500USD Will Go Up! Long!
Here is our detailed technical review for SPX500USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,430.7.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5,568.2 level soon.
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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$SPY range $479-$529, the path to the top (and bear market)AMEX:SPY looks to be showing signs of weakness here. Thinking that we could see the first large decline of the year into one of the support levels below $479-$495. Breaking the trend line would be the trigger.
If that happens and we do get a low, then I think we'll have one final rally to the upper resistance levels between $525-$530.
Another possibility, is we just continue upwards to the top resistance levels and then decline after. Idea of a range is you want to buy the lows (supports on chart) and sell the highs (resistances chart).
Regardless of the path we take, we're nearing a top in the market and after we hit those top levels, I expect a large decline lower (one that takes us past the prior 2022 lows).
Ultimately looking for SPY to reach the $280-300 level by the end of 2024. But let's save that analysis after we see what happens in this range.
SPX500USD Is Very Bullish! Long!
Take a look at our analysis for SPX500USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 5,386.5.
Considering the today's price action, probabilities will be high to see a movement to 5,439.7.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SPX500USD Is Very Bullish! Long!
Here is our detailed technical review for SPX500USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5,339.5.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,407.5 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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S&P 500, US500 Market Robbery Plan To make moneyMy Dear Robbers / Traders,
This is our master plan to Heist S & P 500 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. There is two plan to heist this market, Our target is Green Zone when market comes downside that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Once Bull trend is formed in the green level we can start our buy plan to heist the market in buy direction, our Target is red zone.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
SPX500USD Will Move Lower! Sell!
Take a look at our analysis for SPX500USD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5,294.3.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,215.6 level.
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.
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SPX Big Short 2Two years after my last big short on SPX, the price has once again reached the top of the ascending channel. Based on this scenario , the expectation is that SPX will peak within the next two months , around early May 2024.
Initial target 4,800, stretch 4,400
Incidentally, Bitcoin appears poised to surpass its 2021 all-time high, during which Bitcoin peaked two months prior to the SPX 2022 high.
Coincidence? Possibly
Best, Hard Forky
S&P 500 (US500):🔴Bearish or bullish...?!🔴By examining the weekly and 4-hour charts, we can determine the price was heavily pushed down after creating the all-time high.
I am not bearish for the long-term on the S&P500, but for now, I think the price can have a bearish reaction to the bearish breaker block and move down at least till the previous week's low, then we should study the price to find out the next move.
💡Wait for the update!
🗓️27/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Spx500/USD , analysis on multi timeframe Hello traders,
It's my opinion on the S&P 500 across multiple timeframes. After analyzing the daily chart, I have observed that the price is currently in a strong bullish trend. However, based on candle formations, I believe that the price is likely to complete a pullback and reach the Daily Order Block zone at 5200.
Considering the dominant trend in the daily timeframe, i see this as a good opportunity to sell in the lower timeframes. It's important to emphasize the importance of implementing effective money management strategies to manage risk.
Remember that trading the S&P 500 or any other financial instrument involves risks, and it's important to make informed decisions based on thorough research, risk assessment, and your own risk tolerance.
If you have any further questions or need clarification, feel free to ask.