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Spxsignals

Is the lagging S&P500 a better buy option than Nasdaq?Nasdaq's (NDX) incredible run (left chart) since the start of the year (+37%) has seen the index break above the Last Lower High of the Bear Cycle (13730) while at the same time avoiding a Death Cross on the 1W time-frame in epic fashion. It even broke above the RSI Resistance of the price's ATH (when the index was on its All Time High). At the same time, the S&P500 (SPX) is obviously lagging behind (right chart) as not only the RSI is below its ATH Resistance but the index itself is only now approaching the Last Lower High of the Bear Cycle. The question is, can the S&P500 be a better buy opportunity than Nasdaq since it is underperforming. Well being overperforming doesn't necessarily mean that Nasdaq is overvalued. Investors clearly thought at the start of the year that the technology sector would fuel the economy out of the 2022 inflationary Bear Cycle. However, it is also clear that the S&P has three target ahead of it (Last Lower High, First Lower High of Bear Cycle and the ATH), while Nasdaq two. In % terms, a ATH hit for the S&P500 from the current level would be a +12% rise, while for Nasdaq a 14.50% rise. Not that big of a difference on long-term terms and that has a lot to do with the fact that Nasdaq declined more that -37% during the 2022 Bear Cycle, while the S&P500 -27%. As a result, any buy between the two would be justified, even though a good pull-back on NDX would be more appealing to buy and couldn't be overlooked. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDX
by TradingShot
12
This signal on VIX can sustain the S&P500 rally.We don't often look at VIX but the times we do, it never fails to offer valuable insight regarding the long-term factors on stock indices trends. Since March, may have left wondered why the S&P500 (blue trend-line) has took off so considerably without any meaningful pull-back. Well despite the prevailing fundamentals surrounding the market overall, VIX (candles) has considerably calmed down, meaning that the market volatility has decreased, something that accelerated in early April when it broke below a Higher Lows trend-line that was holding for 5 years (since the November 2017 bottom). This is a strong reason that keep adding fuel to this S&P500 rally and can continue to sustain it for as long as VIX declines. In fact the last time we saw VIX breaking below such a strong long-term Higher Lows trend-line was in July 2009, four months after the bottom of the 2008 Housing Crisis. The index has started its long-term recovery into a historically long and strong Bull Cycle and every spike on VIX was a medium-term pull-back on the S&P500 and a buy opportunity. This fractal similarities is additional proof that the index is decisively past its 2022 Bear Cycle and is most likely starting a new multi-year Bull Cycle. If you are a long-term investor, pay attention to VIX's spikes in order to take advantage of medium-term buy opportunities. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:VIX
by TradingShot
7
S&P500 could start a 1 month correction.The S&P500 hit both targets we set two weeks ago as it reached the top of the 7 month Channel Up pattern: This is the first major sell signal that we get on the 1D time-frame since the previous Higher High on February 02 2023. Unless the price closes a 1D candle above the August 16 2022 High (4327), we expect a short-term pull-back towards the 1D MA50 (blue trend-line) and Inner Higher Lows 1. Our Target is 4200. This sell signal will be invalidated if we close above 4327. If we close a 1D candle below the Inner Higher Lows 2, we will re-sell and target the 1D MA200 (orange trend-line) and bottom of the Channel Up at 4000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
UShort
by TradingShot
5
S&P500 Closed above the 1W MA100 after almost 300 days.Major bullish signal for the S&P500 (SPX) as it closed a 1W (weekly) candle above the 1W MA100 (green trend-line) for the first time since the week of August 15 2022. That was the weekly candle that formed the next Resistance 1 in line, the 4330 level (Aug 16 High). The 1W RSI has already broken above its Rising Wedge since two weeks ago and the 4330 Resistance 1 test seems inevitable. That will be the final barrier before testing the 4640 level of Resistance 2 (March 28 2022 High). Needless to say, the index is long past the Bear Cycle, having broken above the Lower Highs trend-line, with the 1W MA50 (blue trend-line) in Support. The target of the Inverse Head and Shoulders pattern (Fibonacci 2.0) is marginally above Resistance 2. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
2
S&P500 Rising Wedge's short-term pull-back to the 1D MA50The S&P500 index (SPX) gave us the expected pull-back and buy entry within the Rising Wedge as per our last week analysis (chart below): The long-term structure is a Channel Up, so plan your trades in case of a Rising Wedge break-out. On the short-term, we expect the price to pull-back to the 1D MA50 (blue trend-line) and the bottom of the Rising Wedge at 4140. As long as the pattern holds, buy and target the top at 4250. If the top of the Wedge breaks, target 4295m just shy off the long-term Resistance of 4327 (August 15 2022 High). We will sell on the medium-term only if the price breaks below Support Zone 1 and target the 1D MA200 (orange trend-line), above Support Zone 2 and at the bottom of the long-term Channel Up. The 1D RSI Triangle pattern can give an early signal with regards to the direction in case of a break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
7
S&P500 New Bullish Cross can take it higher.The S&P500 index (SPX) hit last week our long awaited 4190 target, a level we set 2 months ago (see idea below): That trade was taken right before the 1D MACD formed a Bullish Cross, the 2nd within the long-term Channel Up pattern. Last Thursday, the index completed the 3rd Bullish Cross of the Channel Up and continues to rise within a shorter term Rising Wedge. With the 1D MA50 (blue trend-line) intact as a Support since March 29, and the price breaking above the (former) 4195 Resistance, we remain bullish and will buy again: a) if the price pulls back near the bottom of the Rising Wedge and target 4250 or b) if it closes a 1D candle above the Rising Wedge and target 4280 (top of Channel Up). Similarly, we will sell the break-out if it closes below the 1D MA50 and target the bottom of Support Zone 2 and the Channel Up (Higher Lows trend-line) at 3950. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
3
S&P500 The Cup pattern that nobody notices!We have been so focused on the short-term Channel Up on the S&P500 (SPX) since March (see idea below) that we didn't publish any analysis on the longer term dynamics: This analysis offers critical insight on where we are with regards to the long-term/ Cyclical trend. One parameter that stands out is that the S&P500 index has failed on two occasions to break the 1W MA50 (red trend-line) since August 26 2022. It just so happens now that the 1W MA100 is exactly on Resistance 1 (February 02 High). A break above it is a buy break-out signal targeting Resistance 2 (4330). However, it is equally probable to see a medium-term pull-back since, as you see on the chart, the curved Support Zone (dotted) that is connecting all the Lower Lows since December 2021 and provided all counter-trend rallies so far goes through th 1D MA200 (orange trend-line). A bounce there (could be within 3980 - 4000), confirms the pattern and would make the Channel's new Higher Low. If it breaks though, expect the 3810 Support 1 to be tested. Notice also that the RSI on the 1W time-frame is approaching its own Higher Lows Zone, which has been a Buy Zone for exactly 1 year! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
SP:SPXLong
by TradingShot
7
S&P500 The weekly chart puts everything into perspectiveAlmost 2 months ago and the S&P500 (SPX) hasn't diverged from our original idea, after buying the bottom of the 6-month Channel Up: We believe that looking into the 1W (weekly) time-frame again will help at giving a fresh outlook and technically the best illustration of the current situation. First we narrowed the Channel Up to the candle bodies and treat the wicks as pressure points only. As you see, the 1W MA100 (green trend-line) is the key element here as it has been the Resistance since the 1W candle of August 22 2022. The price came very close to breaking it on three 1W candles: September 12 2022, January 30 2023 and last week (May 01 2023). Our trading plan is simple. If SPX closes a candle above the 1W MA100, we will buy the break-out and target the 4327 Resistance (August 16 High). Until then, we will wait for 4020 and buy at the bottom of the 1 month Megaphone pattern, approximately near the 1D MA200. In that case the bullish target will be the 4195 Resistance. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
1
S&P500 Megaphone pattern on 4H.The S&P500 (SPX) has had an excellent run following our buy call more than one month ago: Right now we see a Megaphone pattern in formation on the 4H time-frame and with the price above the 4H MA50 (blue trend-line) and with the 4H MA200 (orange trend-line) holding since March 29, we are targeting the top (Higher Highs trend-line) at 4200. If the price closes above the Megaphone we will buy again, targeting the top of the long-term Channel Up at 4270. Similarly we will go short if we close below the 4H MA200 and target 4040. If the price breaks below the Megaphone we will sell again, targeting the bottom of the long-term Channel Up at 3930. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
S&P500 Sell signal confirmedThe S&P500 (SPX) has had an excellent run following our buy call more than one month ago: Yesterday though it flashed a sell confirmation as the price broke and closed below the Higher Lows trend-line of the recent Channel Up bottom. Both previous times this happened (December 06 2022 and February 17 2023, it was a major sell signal towards a new Channel Up (Higher) Low. Additionally, the 1D MACD has made a Bearish Cross. The Support Zone 1 that is currently being tested, has on those previous fractals provided the first layer of accumulation that later broke and targeted both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Our target is 3915, just above Support Zone 2, which was hit during both previous corrections. Invalidation of this pattern will happen if a 1D candle closes above the Lower Highs trend-line, in which case the 4195 Resistance will be targeted. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
UShort
by TradingShot
1
S&P500 Cyclical buy signal starting next monthThis analysis is basically an extension of the study we published last week, explaining how the index is starting an aggressive expansion: Based purely on the 3W time-frame, now we have incorporated the Sine Waves to clearly display the cyclical buy/ sell pattern inside the long-term Channel Up that started at the bottom of the Housing Crisis (March 2009). As this shows, for the past 10 years, the bottom of the Cycles is where investors should consider to start buying, while the top is where they should consider to start selling. The last sell signal was given on October 25 2021 and the next buy signal will be flashed on May 30 (2023). With the index trading around the 3W MA50 (blue trend-line) since it rebounded off the market bottom (October 2022), this price action may imply that the market is in anticipation of the big move. This cyclical buy signal may just be the trigger it needs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
3
S&P500 Don't sell before this line breaksThe S&P500 (SPX) has had an excellent run following our buy call exactly one month ago: The confirmation for the buy was given by the 1D RSI Bullish Cross. As the price is approaching the top of the Channel Up, which is projected to be within 4230 - 4250, we start looking for signals to sell. Naturally the 1D RSI giving the opposite signal (Bearish Cross) will be a confirmation. As you see, the previous two RSI Bearish Crosses have been the two major sell signals within this 6-month Channel Up and have been formed straight after the price broke below the Higher Lows trend-line from the previous Higher Low. Right now the price as supported by the Higher Lows trend-line and as long as it does, we will continue taking small buys towards the top. We will sell after its breaks below the Higher Lows and the RSI makes the Bearish Cross. Potential target 3930. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
2
S&P500 starting an expansion the likes of which we've never seenThe S&P500 index (SPX) is trading on a multi-year Channel Up pattern that started on the March 2009 bottom of the Housing (subprime mortgage) Crisis. With all the talk lately on whether or not the index is out of its Bear Phase, this chart can offer great insight on the long-term trend. As you see, it shows that the Bear Market's bottom was priced in September 2022 exactly on the 1M MA50 (blue trend-line), which has served as a Support both on December 2018 (peak of U.S. - China trade war) and January 2016 (China's slowdown, VW scandal, Oil crash). As we are all aware March 2020 was an exception (black swan event) that happens once in a hundred years. Still the 1M MA100 (green trend-line) supported. The key here is the 3W RSI. It is trading within a Channel Down and every time the price hit its bottom, a multi-month rally started. The last two times that rally peaked on the 3.0 Fibonacci extension. Calculating the new 3.0 Fib from the 4840 top to the 3500 bottom, it gives roughly a 9000 projection. So since this is only the start on this Expansion Phase within the multi-year Channel Up pattern, it is not at all unlikely to expect steady growth from the current levels and a rough 9000 peak by 2027. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
16
S&P500 FIrst time in 2 weeks to hit the 4H MA50The S&P500 index (SPX) has extended its rise since our buy call 21 days ago: The price is at the moment on the 4H MA50 (blue trend-line) for the first time since March 28. The Higher Lows trend-line below offers an additional Support level, with the last resort being the 4H MA200 (orange trend-line) below, in case the 4H RSI breaks towards the Green Zone. Regardless of this minor technical pull-back, our Target remains 4190 just below the Resistance (February 02 High), with the Higher High extension of the Channel Up showing potential for even 4250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
2
S&P500 Short-term pull-back possible but bullish target intactThe S&P500 has extended its rise since our buy call 11 days ago: We are slightly modifying the technical parameters within this Channel Up that started back in November as the 1D RSI broke above its 3-week Resistance and on the previous bottom fractal of late December/ early January that translated into a price Resistance rejection and pull-back short-term to the 0.5 Fibonacci retracement level. From the current 4080 Resistance, the 0.5 Fib is at 3945. This doesn't negate our long-term outlook, which is bullish towards a new Higher High within this Channel Up. Our target is for safety at 4190 (below the 4195 Resistance), but the technical wave can extend as high as +11.00% from the bottom (as the previous two Higher High waves did) and hit 4230. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
3
S&P500 is pricing the new Low of the bullish leg.The S&P500 (SPX) hit today the 4H MA50 (blue trend-line) again and the Higher Lows since the March 13 bottom. That was a bottom on the 5-month Channel Up and the best buy opportunity on a 1 month time-frame. With the 4H RSI sequence similar to the Higher Lows of the previous bullish leg in late December/ early January, we see SPX attempting to price the new Low. This is a new buy opportunity. Our long-term target of 4190 is intact. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
4