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Spxanalysis

SPX - Relief rally soon? Key highlights: 1. Bounced off weekly demand 2. Closed just above 50MA on weekly 3. Bounced off weekly support level 4. Formed a high volume Hammer on weekly 5. Formed a bullish engulfing on daily 6. Trying to reclaim 200MA cluster 7. RSI oversold on daily and is curving back upwards. Conclusion : Expecting a relief rally in the coming week. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick)
SP:SPX
by johntradingwick
Interesting correlation between S&P 500 and VIXI have noticed this correlation between S&P 500 and Vix. 1. Whenever there is a spike in volatility and volume, that seems to mark the bottom for SPX. 2. This theory seems to be holding for the last 7-8 months. 3. Currently, we are facing a similar kind of situation. The Vix has spiked and the price is tanking. 4. If the theory holds its value, the bottom may be reached soon. 5. However, this is just a probability like every other theory. Hence, we will have to wait and see it out. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
CME_MINI:ES1!
by johntradingwick
6
S&P 500 still going up !! Hello everyone , as we all know the market action discounts everything :) The SPX keeps going on as the Index price moved from 4147.36 to the range of 4371.08 in the last month alone almost a 5.4% increase in 30 days , the price seems to be moving in an rising wedge with no breaking of the trend line, the bulls trying not to lose control to the bears and they hope to keep working to keep this uptrend going and so far it looks like its still on the move. Using different indicators confirm this movement where we see that : 1_The SPX is at 4327.15 moving above the MA at 4139.02 and EMA at4140.38 (bullish sign) 2_The RSI is at 67.54 showing great strength in the market almost reaching overbought levels, no divergences between the RSI and the market price (bullish sign) 3_The ADX at 26.09 showing that the market is trending with a positive crossover with DI+ at 26.09 above DI- 13.34 Support & Resistance points : support Resistance 1_ 4315.42 1_4397.65 2_ 4261.28 2_4425.74 3_ 4233.19 3_4479.88 Fundamental point of view : The prior week saw a bit of excitement around the S&P 500, with the index pulling back on Thursday to trendline support. But the move on the Friday following that sell-off was a pronounced bullish engulfing candlestick that propelled price action to another trendline, helping to mark resistance on a rising wedge pattern. That bullish engulfing candlestick led into another move of strength on Monday, with prices setting that fresh all-time-high, with another showing up in US markets on Tuesday a few hours after that 5.4% CPI print. While rising wedge formations will often be approached with the aim of bearish reversals, given the length and force of the move, there’s not yet a bearish trigger nearby. For that scenario to begin to set up, traders would likely want to look for a test below near-term support around 4280, followed by a test of longer-term support around 4127. That could begin to set a reversal framework into motion. _____________________________ Make sure to Follow and Like for more content _____________________________ This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:SPXLong
by GabiDahduh
3
SPX500USD 2021 July 12 WeekOANDA:SPX500USD SPX500USD 2021 July 12 Week Bar 1 confirmed as SOW and move was manifested on 06 Jul. Theme last week was similar to Nasdaq - trapping longs and shake out Weekly chart: Net gain from previous bar has diminished, volume has picked up slightly.. Daily chart: No significant weakness observed H4 chart: Shortening of trust, weakness manifesting Strategy: Long on retracement is preferred. 1) If price returns to test bar 2, long when price is supported 2) Last bar shortening of thrust. If price hovers around that zone, we may have short opportunity 3) If you see a sudden spike in price and bar closes on its low, forming an upthrust, don't chase Like and follow if you find this useful :) Have a successful week ahead in whatever you do
OANDA:SPX500USD
by paradox677
SPX500USD 2021 May 31 Week (Intraday) OANDA:SPX500USD SPX500USD 2021 May 31 Week (Intraday) Weekly, Daily, H4 = Bullish Last week 4148 immediate support held and then price found acceptance at 4178-4190 (last week's scenario 2). Long was good. Scenario: 1) Market to test 4183-4190. Long if supported 2) Daily chart we see an uthrust bar has formed, this is weakness, so don't be surprised if support is broken, target could be 4148. Like and Follow if you find this useful : ) Have a good trading week ahead!
OANDA:SPX500USD
by paradox677
NYSE Percent of Stocks Above 200d Averages & 50% Middle line setStock above their 200d averages: (Below 10% ) -------------------------------------------------------------- *6 oct, '08 -16 Marh '09 = 161 Days = End of crash *3 Oct '11 = 7 Days = Bottom *24 Dec '18 = 7 Days =Bottom *9 March '20-30Mar '20 = 21 Days = bottom ******************************************************** Stock above their 200d averages:(Between10%- 20% ) ----------------------------------------------------------- *22 Jul '02 = 7 Days = End of Crash *7 Oct '02 = 7Days =End of Crash * 14 Jan '08-21Jan '08 =7 Days = fasle signal *3 Mar '08-13Mar '08 =14Days = Risky during a crash! *30 Jun '08-14 Jul ' 08 =21 Days = False signal. * 21 Nov '11 = 7 Days =Bottom *24 Aug '15 = 7 Days =Bottom *11 Jan '16- 16 Feb '16 =42 days = Bottom ---------------------------------------------------------------- Stock above their 200d averages:(Above 90% ) *5 Jan '04 = 21 Days= Beginning of a new grand cycle IMO *24 Aug '09-19Oct '09= 63Day = Beginning of N.G.Cycle IMO ---------------------------------------------------------------- Stock above their 200d averages:(Between 80%-90% ) * 1 followed by Bull Markets *5 followed by Pullbacks. (4 %-7%-19%-4%-6%) * How would you now live in the market that this indicator will not keep going up , big opportunity cos. ___________________________________________ * 1/ Conclusion:- Below 10% is your best friend Ever 2/ Between 10%-20% = 62 % success rate =Big Draw back During crash long time to recover !!! 3/ Above 90 % Beginning of new Grand Cycle IMO (nothing else) 4/ Between 80%-90 % =80% we will get a pullback 20% bull Market -------------------------------------------------------------------------------------- Trade set up Crossing below 50 & crossing back above 50 is where most of the bottoms 25 signals: ----------------------------------------------------------- crash bottom bottom correction bottom up siwng bottom bottom up swing bottom correction bottom correction bottom bottom boottom bottom correction bottom bottom crash bottom bottom bottom bottom ------------------------ 92 % of bottoms happened between Orange dotted and Blue dotted ------------------------------------------------------------------------- Four Golden Cross on this indicator: Bulls: 30.36 % Bulls 21.71 % Bulls 25.18 % Bear 12.49 % Incoming soon ? -------------------------------- Conclusion: 75% Bull market 25% bear followed by big crash -------------------------------------------------------------------------- ************************************************************************** ************************************************************************* ************************SUMMERAY************************************* ***************************************************************************** 1/Getting a Golden Cross soon 75 % bull market 25% Crash 2/ Bottoms of Crashes, Pullbacks and corrections happened using the trade set up. Crossing Below 50 and Crossing up again above 50. 25 signals with 92 % success rate. 3/Below 10 % is your best ever friend, the problem it does not happen allot one in a cycle. 4/between 10%-20% 62 % success rate ( Not crossing below 10%) 5/ Above 90% is confirmation of the beginning of a new cycle ( we are about to get one soon) 6/ Between 80%-90% = 80% we will get a pullback between (4%-19 %) (Not entering the 90%s)
SP:SPX
by samitrading
SPX500USD 2021 Apr 12 Week (Intraday) OANDA:SPX500USD SPX500USD 2021 Apr 12 Week (Intraday) Congrats to those who took long trade per last week's analysis. Market was kind to materialize the AB=CD target of 4125, and reached 4132 on Friday. Last H4 candle closed off its high, and we have reached the supply line of the upward channel. This may present opportunity for short trades on LTF. And again, also long on pullback Like and Follow if you find this useful : ) Have a good trading week ahead!
OANDA:SPX500USD
by paradox677