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S&P500 Ultimate 20-year cheat-sheet! See when to sell!The S&P500 index (SPX) is having another very strong bullish month, following the red 1M candle of April, which was the first after 5 straight months of profit. Many might be wondering why a deeper correction didn't come at this stage and the answer is simply that it's not yet the time for it. We present to you today what we call the "Ultimate stock market cheat sheet" which is simply an observation of the market's Cycles of roughly the past 20 years. As you can see, since the 2007/08 Housing Crisis, there is a very consistent pattern and the Sine Waves display perfectly that frequency. More specifically, we can see that a rough frequency when the S&P500 tops is 3.5 years. Every 42 months (3.5 years) the index either hits a High or already has and is on a minor decline before a stronger correction comes, which is always within the technical standards of pull-backs within a greater Bull Cycle expansion. Roughly also, the sell signal is given after the 1M RSI breaks below its MA trend-line having previously been on overbought territory (above 70.00). As a result, the market still has another full year until a sell signal emerges (July 2025). Of course it is advisable to be off stocks before that date just to be on the safe side but the important conclusion of this finding is that investors can continue feel safe buying for several more months. What's your take on this? Do you still feel safe buying? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
6
S&P500 above the 1D MA50 after 3 weeks.S&P500 (SPX) is already going even better than our bottom buy signal last week (May 02, see chart below), having topped the 4H Channel Up, considerably above the 4H MA200: The index closed yesterday above the 1D MA50 (blue trend-line) for the first time since April 11. Last time it did this was on November 03 2023 and after 5 days of consolidation, it broke the previous Lower High and resumed the long-term bullish trend by forming a Channel Up. It's first Higher High target was within the 2.236 - 2.0 Fibonacci extension Zone, so once it breaks the April's High, we will add more buys, targeting 5650 (Fib 2.0). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
1
S&P500 4H Channel Up aiming higher.This is a short-term outlook on the S&P500 (SPX) following yesterday's Fed Rate Decision. The short-term pattern on the 4H time-frame is a Channel Up and is giving us some important developments. Even though yesterday's attempt to stay above the 4H MA50 (blue trend-line) failed, the index managed to stay on the Channel Up bottom (Higher Lows trend-line) and is since rising steadily on green 4H candles, attempting to form a bottom (Higher Low). A closing above the 4H MA50 can be the bullish confirmation this pattern needs but outside of it, we see the Ichimoku Cloud turning green again for the first time since April 09. If the 4H MACD completes the emerging Bullish Cross, we will have a strong bullish mix in our hands and most likely the Channel Up will go first for a 4H MA200 (orange trend-line) test, since last time it was rejected on the 1D MA50 (red trend-line) and eventually complete a +4.00% Bullish Leg (like the previous one) at 5200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
S&P500 Quick buy trade.The S&P500 is approaching the 1D MA50 (red trend-line) to test it as a Resistance for the first time after the April 15 bearish break-out. It has already broken above the Bearish Megaphone, the 4H RSI has formed a Channel Up similar to the price action's and so far this sequence of events is fairly identical to the previous correction of August 2023. That sequence almost touched the 0.786 Fibonacci retracement level before pulling back again, so we have ourselves a solid short-term bullish target. In fact we are placing ours a little lower at 5150, which represents a +4.70% rise from the bottom as that is not only the % rise that the August 2023 rebound returned but will also make contact with the 4H MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
1
S&P500 Dead-cat-bounce before one last bottom?Our last call on the S&P500 (SPX) couldn't have gone better as the Bearish Megaphone pattern we expected (April 05, see chart below) was eventually materialized and easily hit on Tuesday our 5050 Target: At the moment the index is below the 1D MA50 (blue trend-line), which has been the main Support since November 03 2023 and is headed towards the 1D MA100 (green trend-line) above which the last two main Bearish Legs of the 19-month Channel Up made their first Dead-cat-bounce (March 02 and August 18 2023). As long as this dead-cat-bounce is contained below the 0.786 Fibonacci retracement level, we see more likely one last corrective wave towards Support 1 and close to the 1D MA200 (orange trend-line). As long as at the time the 1D RSI is on its Support Zone, we will buy for the long-term and target the top of the 19-month Channel Up at 5400. If the price breaks above the 0.786, we will have a pattern invalidation and buy the break-out instead, targeting again 5400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
1
SPY All eyes on the 1D MA50. Will it hold?SPY broke below the (blue) Channel Up and the only Support standing now is the 1D MA50 (blue trend-line). This level has been holding since the November 03 2023 break-out. If it holds, a new pattern will emerge but the medium-term bullish trend will stay intact. If the 1D MA50 breaks though, we expect a bearish extension similar to August 15 2023, February 24 2023 and December 16 2022. As you can see those 1D MA50 bearish break-outs coincided with the 1D CCI breaking below the -100.00 oversold barrier. This is the level that the CCI is at today. As a result, once the 1D MA50 breaks, we expect further decline towards the 1D MA100 (green trend-line). The shortest decline among the pull-backs mentioned above has been -5.93%. This gives us a rough estimate of 495.00. That would be the most optimal buy entry for the long-term. Our Target by the end of May will be 524.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
AMEX:SPY
by TradingShot
1
S&P500 Bull Cycle intact. 100 year long Blueprint revealed!A lot of talk is being done lately on whether the S&P500 index (SPX) has maxed now that it made new All Time Highs (ATH) or it is in need of a strong correction etc. Those who have been following us for long here, know that in times like this, we like to keep a long-term perspective and give you the picture unfiltered with the facts only. Along those lines, we present you the S&P's Cycle Analysis on a century wide scale. As you can see, since the Great Depression, the stock market started to creat a pattern with clear systemic behaviors. Each time there are fundamentals involved that merely serve as 'reasons' to fill out and complete this pattern. Following the 1932 Great Depression bottom, the 1st Secular Bull Cycle begun, that lasted for 28.5 years (343 months) rising by +1888%. Then the Secular Bear Cycle started in the form of a Megaphone pattern. Its 1st Low was formed below the 1M MA100 (green trend-line) and the 2nd Low (the Cycle's bottom) was formed below the 1M MA200 (orange trend-line). The 2nd Secular Bull Cycle lasted for almost 26 years (311 months) and saw +2361% growth. As per our blueprint, the Secular Bear Cycle was initiated once the 1M MA50 (blue trend-line) broke. Again the 1st Low was formed below the 1M MA100 and the 2nd Low below the 1M MA200. With regards to the current Cycle, which is what most are interested at naturally, notice how the 1M MA50 has been supporting since late 2011. It emphatically held both on the September 2022 Low (Inflation crisis bottom) and the March 2020 Low (COVID crash bottom). This indicates again that as long as it supports, the Secular Bull Cycle will be extended. Based on the previous Cycle-to-Cycle parameters the model suggests that the current Cycle should be a little than 23 years long (279 months, i.e. 32 month shorter than the previous) and rise by +2834% (+473% higher than the previous). This may all be speculation theoretically but trends that keep repeating themselves over the decades are not. Technically those filter out all news, fundamentals, geopolitical, macroeconomical noise and give rise to a pure behavioral perspective, the essence of traditional Economics. Are you willing to bet against this blueprint? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
8
S&P500 hit the 4H MA200 after 5 months!The S&P500 index (SPX) came extremely close to hitting the 4H MA200 (orange trend-line) yesterday for the first time in 5 months (since November 02 2023)! As you realize, this is a key Support for the uptrend and the Channel Up in particular, which has been the dominant pattern these months to drive the index to High after High. The fact that the price is rebounding upon this 4H MA200 test, keeps the trend bullish. If it breaks above the 4H MA50 (blue trend-line) again, we will continue buying and target 5350, which will be a little less than a +4.35% rise from yesterday's bottom. As you can see on the chart, rallies to Higher Highs between +4.35% and +5.00% have been the standard within this pattern. If on the other hand, the index closes a 4H candle below the 4H MA200, we will turn bearish on the break-out, first targeting the 1D MA50 (red trend-line) and if also broken, extend to 5050 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
S&P500 History may not repeat itself, but it does often rhyme.In the infamous words of Mark Twain, we are analyzing today the S&P500 index (SPX) on the long-term 1W time-frame. This is a cyclical perspective obviously, attempting to find similarities between past and present price action, in anticipation of projecting the trend in the near future. As you can see, the index is replicating quite closely the 1W price action from June 2015 to (so far) March 2017. The 1W RSI Bullish Divergence led to a Bear Cycle bottom on the 1W MA200 (orange trend-line), then Rally 1 and first consolidation on the 1W MA50 (blue trend-line) before the Bull Flag (dotted Channel Down) that led to Rally 2. Based on the overbought 1W RSI, it appears that the index may entering a short-term pull-back period. If it continues to follow that pattern this closely, don't expect that pull-back to be considerably greater than -3.15%. Technically if the 1W RSI breaks below its MA (yellow trend-line), it will be time to start buying again for Rally 3. By early 2025, it should be closer to the 3.0 Fibonacci extension, which gives us a rough target for our buying at 6500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
1
S&P500 Overbought. Relief correction very probable.The S&P500 index (SPX) is trading at the top of the 17-month Channel Up with the 1W RSI overbought and at its highest (78.00) in more than 4 years (since January 2020). Once it breaks below its MA level (yellow trend-line), it will be a sell confirmation, which is the signal that flashed on February 20 2023 and July 31 2023. The minimum decline within this Channel Up pattern has been -5.84%, so our sell target is 4900. Then we will start buying again and if it drops more (i.e. below Support 1), we will reserve our last buy entry on Support 2 at 4665, which will still be marginally above the maximum decline of -10.96% and still within the Channel Up. After the correction, at any point the 1W RSI breaks above its MA again, it will be a bullish break-out signal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Short
by TradingShot
1
S&P500 Is it timed for a correction until the Fed Decision?The S&P500 index (SPX) has been trading within a long-term Channel Up since the October 13 2022 market bottom and since last Friday, the price has been griding on its top (Higher Highs trend-line). The longer it fails to convincingly break and close a full week above it, the more likely it is to deliver a technical pull-back. On that technical setting, the 1D RSI has been on a lengthy Bearish Divergence (Lower Highs) since December 19 2023, which is similar to the one that led to the July 27 2023 Channel Up Higher High and the subsequent -10.96% correction. In fact the 1D RSI has printed a peak pattern (red circle) similar to all previous 3 Higher Highs that gave corrections ranging from -9.17% to -10.96%. July 27 2023 initially delivered a -5.84% pull-back before extending to -10.96%. From a fundamental perspective though, if the market indeed gets rejected here and starts pulling back, it would seem ideally timed for a bottom near the next Fed Rate Decision meeting on March 20 2024, where the policymakers may give clearer hints for a June cut. The correction's targets can only be determined technically though, so a potential -5.84% pull-back takes us marginally below Support 1 at 4845, right on the 0.382 Fibonacci Channel retracement level. If the market overreacts to the Fed, then a potential extension gives a rough 2nd Target at 4755, within Fib 0.5 and 0.618, which will approach the 1D MA200 (orange trend-line). On the current phase of the Bull Cycle we are at though, it is very doubtful to see in the near future stronger corrections. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Short
by TradingShot
2
S&P500 This Bull Cycle is far from over.On this analysis we view the S&P500 (SPX) from the longer term perspective of the 1M time-frame in order to answer the question of why it hasn't pulled-back since the October 2023 Low. The answer can be given by observing the index from a cyclical point of view. First, with the exception of the March 2020 COVID flash crash and more recently October 2022, the 1M MA50 (blue trend-line), was intact since October 2011. Even during those two tests, it never closed a monthly (1M) candle below it. This makes it the current long-term Support and every pull-back towards it is a buy opportunity on the lowest possible risk. The catalyst on this long-term analysis is the Channel Down that started on the 1M RSI since the September 2015 Low. Every decline near its bottom (Lower Lows trend-line) is a buy opportunity, while near its top (Lower Highs trend-line) is a sell. Right now the Cycle (5th since the bottom of the 2008-2009 Housing Crisis) is at the point after its 1st mid-cycle correction (blue circle) where the 1M RSI typically bounces off its MA (yellow) trend-line. This hasn't just happened within the RSI's Channel Down but is also a characteristic of all Cycles since the bottom of the 2008-2009 Housing Crisis. At the same time, the 1M MACD rises on a Bullish Cross. As a result, even though a short-term pull-back can be technically justified, the current Bull Cycle is far from over as the 1M RSI hasn't approached the Channel's top. Technically that should be towards the fall of 2024 followed by a volatile 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
4
S&P500 Is a -3% pull-back probable here?The S&P500 index (SPX) is having another bullish week with the current green 1W candle being the strongest since the first week of the year. Nonetheless with the 1W RSI overbought at 75.00 and the price very close to the Higher Highs trend-line that started on the late November 2022 High, a short-term pull-back seems probable at the moment. The long-term price action since 2016 shows that every time this 1W RSI overbought pattern emerges, and the index is trading near (or at) the Higher Highs trend-line, it makes a correction between -3.10% and -4.50%. From the current levels, the minimum of -3.10% pull-back would deliver prices around 4950 while a -4.50% one, prices around 4865. Long-term traders can look to continue buying such dips as long as the 1W MA50 (blue trend-line) is supporting. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXShort
by TradingShot
2
S&P500 Short-term pull-back is very likely now.The S&P500 has hit (even surpassed on the liner scale) the top of the 16-month Channel Up pattern with the 1D RSI on a Bearish Divergence (price on Higher Highs while the RSI on Lower Highs). If the price closes a 1D candle below the 4H MA100 (red trend-line), which is dangerously close to, it will be the first such bearish signal since August 02 2023 and the previous Higher High of the Channel Up. Of course the final confirmation comes if the 1D MA50 (blue trend-line) breaks but that is currently on Support 1 and our first Target at 4845. So if the 1D MA50 breaks, we will take a new short and extend selling with a 4755 Target, which represents a -5.84% decline from the current top, similar to the August 18 2023 pull-back. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Short
by TradingShot
1
S&P500 +10year cheatsheet tells you what to do next!On this analysis we look into the S&P500 index (SPX) from a very long-term angle, the 1W time-frame going back more than 13 years, since November 2010. That was when the first Megaphone pattern emerged since the 2009 market bottom of the U.S. Housing (sub-prime) crisis that after testing the 1W MA200 (orange trend-line) it found Support and transitioned into a Channel Up. This is a similar pattern that we are at since the previous 2021 market All Time High (ATH) that led to the 2022 Inflation Bear Cycle. In fact since 2009 there have been (including 2022) 4 such cyclical patterns in total and another common characteristic has been that the 1W MA50 (blue trend-line) has been the Support throughout the uptrend. In our recent pattern, that was tested in October 2023, held, and gave rise to the enormous November - February rally. That turned the 1W RSI overbought above 70.00 for the first time since July 24 2023, which caused the 3-month pull-back. In fact, when the 1W RSI broke that high into overbought territory during the previous 3 Cycles, SPX at best consolidated if not pull-back for 4-6 weeks. In any case, this +10 year 'Cheatsheet' is telling you that as long as the 1W MA50 holds (which is considerably lower), the next 4 weeks at least are a buy opportunity, at least once the index hits the 1D MA50 again. And of course the upside, in a year of expected rate cuts and U.S. Presidential elections, is significant not just purely from a technical point of view. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
3
S&P500 Bearish Divergence on 1D RSI points to a correction.The S&P500 index (SPX) has reached the top of the long-term Channel Up pattern that started on the October 13 2022 market bottom. This development is a strong sell signal on its own but it gets even stronger as the 1D RSI has been within a Channel Down since December 19, while the price was rising within a Channel Up, which is a technical Bearish Divergence. The very same Bearish Divergence that led to the July 27 2023 Higher High and was followed by a 3-month almost -11.00% correction. The first wave of that correction was -5.84% and has been the minimum correction range in 2023, settling just above the 0.382 Fibonacci retracement level. As a result that minimum will be our target and its at 4700, as we may see a bullish reaction going closer to the mid-March Fed Rate Decision (in expectations of rate cuts). Technically though, we can see a longer correctional wave to -9.26% (like the Bearish Leg that bottomed on March 13 2023) that could test the 1D MA200 (orange trend-line), or even almost -11.00% (like the one that bottomed on October 27 2023). Notice how each of those potential correction targets are conveniently placed around key Support or Fibonacci retracement levels. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Short
by TradingShot
2
#SPX SPX Jan 24th after the close updateSPX will be the first update from TheTradersRoom. SPX has hit its desired target we have called yesterday - 4904.50-4909.50 So I call it a perfect hit. Today's reversal came on a heavy selling, also got a black reversal daily closing SPX candle, which if not broken 1c above should mark at least a temporary top. If the price did find its top, then tomorrow's open should be a gap down below 4864 and my min target will be 4840-4835 SPX We have a Panic cycle day on the 26th and Im looking for a first important low on Feb 1st Happy to be back!
SP:SPXShort
by TheTradersRoom
1
S&P500 Buy and Sell trading plan.The S&P500 (SPX) index has been trading within a Channel Up pattern since the December 07 low and is currently on the 3rd Bullish Leg towards the top (Higher Highs trend-line). The basic Support is the 4H MA200 (orange trend-line) which has (nearly) held twice this month, with the 1D MA50 (red trend-line) right below being the separator between a medium-term bullish and bearish trend. We expect a maximum Leg growth of 5.56% like the one that topped on December 27, so we are buying towards 4900 or until the 4H MACD makes a Bearish Cross (standard peak/ sell signal within the Channel Up), in which case we will sell and target the Channel's bottom (Higher Lows trend-line) at 4800 (-2.80% decline like January 05), or close earlier if the 4H MA200 gets hit. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
S&P500 Dead cat bounce?The S&P500 index (SPX) is unfolding today the 3rd green 1D candle in a row, having gained back the vast majority of losses sustained last week. The December 28 rejection took place just below the 4820 All Time High (ATH) and as the 1D MACD is printing a sequence similar to the July 27 2023 peak, we expect the price to make a bearish reversal before the week is over. The minimum target on this correction for us is the 1D MA50 (blue trend-line), which currently is at 4580. Throughout this 14-month Channel Up though, the minimum decline % has been -8.06%. So if selling gets accelerated we don't rule out seeing a 1D MA200 (orange trend-line) test at 4450. In order to re-sell though this low, we need to get a candle closing below the 1D MA50 and then sell upon a bounce above the 1D MA50, similar to September 01 2023 and March 06 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXShort
by TradingShot