$SPX at consolidation pace.$SPX currently trending at consolidation paste. No strong catalyst for monday for market to pump
but the momentum looks strong for bullish continuation.
1 hour & 4 hour chart the RSI at the overbought level.
expect a pull back soon. for now just ride the trend.
below is my price level for SPX calls and puts.
Calls: buy above 4143.30 sell at 4180.26+
Puts: buy below 4068.79 sell at 4008.24 or below
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SIDE NOTE:
- make sure that you setup a price alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
- sometimes, the fist 30 minute after of the opening bell is always volatile.
is either you can catch the move there. or wait for an 1 hour for better or cheaper price.
- as always if you have any question feel free to leave me a comment here.
if you're enjoying my ideas please don't forget to follow me or hit the like
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Spxanalysis
DeGRAM | SPX500 shortSPX is near the major resistance level and a psychological level of 42,000.
The market is consolidating on the daily timeframe .
Notice, how the price pulled back from the resistance in previous testing.
Price action created a bearish harmonic pattern .
We anticipate further consolidation and a rebound.
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SPX500 Elliott Waves Analysis (midterm Expectations)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Previous scenario with leading diagonal was invalidated,
I switched to an alternative scenario that we formed wave ii in the form of a flat (3-3-5) and now I am waiting for continuation of growth, with a minimum target of 4300
to confirm the current growth, we must get a five-waves upward impulse
Entry: market and lower
TP: 4300 and 4500
after first target move ur stop in breakeven
SL: ~3600
RR: 1 to 2
Good luck everyone!
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SPX500 Elliott Waves Analysis (midterm Expectations)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
My Main scenario that we forming leading diagonal,
where right now we're in wave of iv,
after that i will wait final upward movement in zone 4200-4300 before starting correction.
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
SPX500 Next MovePair : SPX500 Index
Description :
Bearish Channel in Short Term as an Corrective Pattern
Exp FIAT
Buying Divergence
Bullish Channel in Long Time Frame as a Corrective Pattern and Rejecting Previous Resistance Level
If it breaks the Resistance Level and Retest then Buy
Break of Structure
DeGRAM | SPX500 shortSPX is at major resistance and a psychological level of 42,000.
The market is consolidating between 36000 and 42000.
Notice, how the price pulled back from the resistance in previous testing.
Price action created a bearish harmonic pattern .
We anticipate further consolidation.
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SPX500 > Bullish Outlook is Very Likely if the Support HoldsThe SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction.
The stability of support levels at 4000 and 3990 depends on the Fed's rate decision. If rates are hiked more than 50 points, the market may turn bearish, and if support levels break, the price may retest the consolidation breakout's top. Key levels to watch include 4000 and 3990.
I would appreciate your support and opinion of this idea. Let's watch the level mentioned with an eagle eye.
SPX is getting close to it's target boxThis was the title of the last update, which got deleted by the tradingview:
"SPX can still make a higher high next week - Jan 19th update"
I cannot attach the image but will post it another place, look for info under my bio
Since I get banned not even mentioning a site, I will post here only 1-3 times a week.
I don't want to waste my time on bringing business to this site.
SPX is near its completion move for the C wave up I have had for over than a week now.
Targets are at 4065, 4090 and 4110
We close near the first one; tomorrow is the PCE numbers report, which should move the markets.
But today, we didn't move on GDP numbers, when before, it was selling off on hot numbers.
So the real move might not come till actually the Fed meeting on the 1st.
We had a wall into the close, which is a bearish signal and usually ends up with a gap down the next day.
As long as we won't exceed Dec high, I'm looking for a move down to 3700 handle if not more.
Watch that yellow trendline, it's been a bear-bull line since 2009, and the price is still below it!
Night
S&P500 Is Likely To Go LowerThe SPX made a false breakout. A false breakout means that the price attempted to break out of a pattern, or break support/resistance. The attempt is successful for a short amount of time, before the price goes back to where it was. This usually is a reversal signal.
For now i'm staying bearish, untill the price goes sideways or manages to break the resistance of the channel.
SPX has crossed 200 DMA for the fourth timeS&P500 has crossed above the 200 DMA for the fourth time.
It is a critical rejection zone that will decide the fate of bulls vs bears.
It would be better to wait for price to move above 4 % of 200 DMA before taking a bullish view due to the past rejections at 3.35% and 2.62% approximately.
I would consider 4,132 level to be safe for long trades and would stay bearish below this level.
SPX Daily TA Cautiously BullishSPXUSD daily guidance is cautiously bullish. Recommended ratio: 80% SPX, 20% Cash.
* GOLDEN CROSS WATCH . US December CPI came in 0.1% lower than in November (which saw a rise of 0.1% from October), whereas Core CPI came in 0.3% higher than in November (which saw a rise of 0.2% from October). The UofM Consumer Sentiment Index (Preliminary) for January is currently 64.6 , up from 59.7 in December. The current GDPNow US Q4 GDP estimate is 4.1% , up from 3.8% on 01/05/23.
It seems as though markets are pricing in a "turnaround in inflation", but with Russia/Ukraine and ongoing supply chain disruptions from China it is likely premature to make such an assessment. Additionally, CPI is conflated and this is largely because the cost of gas has been falling in recent months; this is due to to a combination of: weakening demand from China amidst record COVID cases and resulting lockdowns; a price cap on Russian oil; a dramatic slowing of travel in the winter season (US); and lingering effects of the US government tapping into the SPR. Russia deciding to ban oil exports to any organization or country supporting the $60 price cap begins on February 1st and the next OPEC meeting could result in a cut to production in effort to boost prices.
Cryptos are mixed. US Treasuries are up.
Key Upcoming Dates: US December PPI at 830AM EST 01/18; US December Retail Sales at 830AM EST 01/18; Next GDPNow US Q4 GDP Estimate 01/18; US Federal Reserve Beige Book at 2PM EST 01/18; US December Building Permits and Housing Starts at 830AM EST 01/19; US Federal Reserve Governor Lael Brainard (FOMC member) Speech at 1:15PM EST 01/19; US Federal Reserve Governor Christopher Waller (FOMC member) Speech at 1PM EST 01/20. *
Price is currently testing the 200MA at $4k as resistance. Volume remains Moderate (moderate) and has favored buyers for the last four sessions as Price trades in the Point of Control. Parabolic SAR flips bearish at $3810, this margin is mildly bearish. RSI is currently forming a soft peak at 61 as it approaches 68.42 resistance. Stochastic remains bullish and is currently trending sideways at max top (it can remain in this 'bullish autobahn' for a few sessions). MACD remains bullish and is currently trending up at 14.5 as it breaks above the uptrend line from March 2020, if it can sustain this momentum then it will likely test next resistance is at 33.08. ADX is currently trending up at 15 as Price continues to trend up, this is mildly bullish at the moment.
If Price is able to break above the 200MA with conviction, the next likely target is a retest of $4058 minor resistance . However, if Price is rejected here, it will likely test the 50AM at $3913 minor support . Mental Stop Loss: (two consecutive closes below) $3913 .
SXP500 Buy / Sell ??Pair :- SPX500 Index
Description :-
After CONSOLIDATION Phase it made a Long IMPULSE Move in Long Time Frame
We also have BREAK OF STRUCTURE
In Short Term we have Corrective Pattern " BULLISH CHANNEL " we need to wait until it Breaks the UTL or LTL
We need Strong Rejection / Breakout from DEMAND / SUPPORT then we can have a Clear Direction
S&P500 Analysis 29.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash.
* US New Residential Construction saw Building Permits for November down 11.2% from October to 1,342,000 and November Housing Starts down 0.5% from October to 1,427,000 . These numbers are reflective of an economy preparing for weakening demand as we head into 2023. US November Consumer Confidence spiked from 101.4 in November to 108.3 in December following two consecutive months of decline . This number is likely reflective of a lower CPI in November paired with expectations of continued lower inflation in 2023. Nike beat on both top and bottom 2023 Q2 estimates with its second best quarter of revenue growth in the past 10+ years , this is likely due to Black Friday sales and holiday shopping but is also reflective of a still strong US consumer. It was confirmed today by US Secretary of State Antony Blinken that the first transfer of the Patriot Air Defense System will be included in the most recent $1.85b aid package that the US will provide to Ukraine . Ukraine President Zelenskyy has also landed in the USA to meet with President Biden and deliver a speech to a joint session in Congress later tonight. Russia has previously declared that any Patriot Missiles supplied to Ukraine would immediately become legitimate targets of their armed forces attack .
US Equities, US Equity Futures, Energy, Agriculture, DXY, HSI and N100 are up. Cryptos are mixed. Metals, GBPUSD, EURUSD, JPYUSD, CNYUSD, NI225, VIX and US Treasurys are down.
Key Upcoming Dates: US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. *
Price is currently testing the 50MA at $3875 as resistance. Volume is currently Low (high) and on track to favor buyers for a second consecutive session. Parabolic SAR flips bullish at $4045, this margin is neutral at the moment. RSI is currently testing the uptrend line from January 2022 at 46.5 as resistance. Stochastic crossed over bullish in today's session after retesting max bottom and is currently trending up at 11, the next resistance is at 17. MACD remains bearish and is currently testing -11.45 support. ADX is currently trending down at 13.6 as Price is attempting to defend support at the 50MA, this is mildly bearish at the moment.
If Price is to reclaim support of the 50MA it will have to close above $3875 as well as recapture support at $3913 minor support . However, if Price is rejected here at the 50MA, it will likely aim to retest the lower trendline of the descending channel from July 2021 at ~$3710 as support . Mental Stop Loss: (one close below) $3810.
DeGRAM | SPX500 bears are in control?SPX fell on fundamentals before rebounding from dynamic resistance.
It will probably try to pullback to the previous resistance zone .
Notice, how the price then goes down after a false break of the pullback (green box).
The 4000 level is a great level for taking short trades.
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SPX closed at important support lineLook where we closed today, exactly on the support trendline
The CPI gap open is at 3865, opening below tomorrow will flush in am down to 3808.
Holding here can spike up the price for a gap up open.
Thats is why I have no strong conviction on tomorrow's open and direction, like I had on yesterday's close.
So I will leave it for the night monkey's do decide.
Ideally we run up into 2am and sell from there.
Regardless tomorrow will be wild imo