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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
SP500- 3850-3800 zone holds the keyAs I explained before, I don't think has turned bullish and the 4200 zone should offer great resistance. Indeed, from that zone, the index has started to drop, and although we have had a mini up trend in the past 2 weeks or so, the rise is anemic and clearly corrective. Yesterday's strong bearish engulfing could announce a new local top and lower high in place and we can assist a new leg down in the next weeks. A key level for bulls is the 3800-3850 zone and if they are unable to hold that level, a new test of 3500 is very probable.
SP:SPXShort
by Mihai_Iacob
24
S&P500 Best buy signal since early January.The S&P500 index (SPX) is on a 1 week rebound following the March 13 Low which was made on Support Zone 2 and is so far on the bottom of the 5-month Channel Up. All candles have closed inside this pattern and as you see so far every bearish and bullish wave follows similar structure as the previous one. We are near the best buy signal since January 06 as the 1D MACD is above to form a Bullish Cross. Our short-term target is the 1D MA50 (blue trend-line) and medium-term 4190 (near Resistance). ------------------------------------------------------------------------------- ** 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
8
S&P500 is accumulating for a 2 year rally to 5700.We have showed you this multi-year Channel Up on the S&P500 index (SPX) before. We have shown you the Lower Lows Support of the 2M RSI that has caught all major bottoms since 2016. What this chart shows is that the index has bottomed on the Channel's Higher Lows (a 13 year trend-line) and is basically on an accumulation phase before the new rally begins. The previous 2 rallies of the 2011 and 2016 bottoms hit the top of the Channel in about 2 years. That gives a roughy 5700 target by the end of 2024. If it follows the more aggressive COVID recover rout (March 2020 and after) that hit the 1.5 Fibonacci extension, we may hit 6250 by the Summer of 2024. ------------------------------------------------------------------------------- ** 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
18
S&P500 is a perfect buy here long-term in this Cup pattern.The S&P500 is on a medium-term correction following the February 02 rejection just below the 1W MA100 (red trend-line). The long-term pattern is a Cup formation and the price is approaching its buy Zone. Right now though it sits on the Higher Lows trend-line that has formed the medium-term Channel Up and is an ideal buy for the long-term, with limited downside. The 1D RSI is on the December Support and if the perfect symmetry with the downtrend of the Bear Cycle holds, it means it is on an the inverse path of February 22 - June 16 2022. There are obvious Resistance Zones within the Cup pattern, while also the Fibonacci retracement levels align very well. Buy and target next the 0.618 Fib and the bottom of Resistance Zone 2 at 4300. That is marginally below the August 16 High. ------------------------------------------------------------------------------- ** 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
4
S&P500 Perfectly following the long-term planIt is more than a week ago that we called the exact bottom buy on the S&P500 (SPX) index: Our first target (4050) has been hit and the 'Powell pull-back' is giving us a new opportunity to enter. As you seethe 1D RSI rebounded exceptionally on the Support provided by the December 19 Low and what's left now is only for the 1D MACD to make a Bullish Cross and solidify the new bullish wave to the new Higher High of the Channel Up. The previous rise topped on the 1.618 Fibonacci extension, so Target 1 now is 4170. If then we close above the 4,195 Resistance, we will take one final short-term buy targeting 4250 (Target 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FOREXCOM:SPX500Long
by TradingShot
3
S&P500 The huge Inverse H&S has started and its target is 4700!Last week we have made clear our short/ medium-term view on the S&P500 (SPX), calling a buy on the exact bottom of the Channel Up: It is time to look again, as we normally do on a monthly basis, on the bigger picture, looking at the 2D time-frame. The Channel Up is clear and so is the Resistance on the 2D MA200 (orange trend-line) which formed the previous High in February. The rebound was achieved exactly on the 2D MA50 (blue trend-line). The long-term pattern that stands out is the huge Inverse Head and Shoulders (IH&S) whose head was the bottom of the Bear Cycle, which after breaking its Lower Highs trend-line completed the Right Shoulder. Technically this suggests that the price should now begin its rise to its usual target. That is the 2.0 Fibonacci extension level and is exactly on the $4700 mark. The Fibonacci retracement levels from the Top-Bottom of the Bear Cycle have so far matched Support and Resistance levels with high accuracy, so keep those in mind for the next immediate High, e.g. on the 0.618 Fib at 4315, which is also almost the August 15 2022 High. The STOCH RSI is just coming off a Bullish Cross, indicating that we are just at the start of a new rally. ------------------------------------------------------------------------------- ** 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 Bottom by tomorrow, slow 2-week recovery after.The S&P500 index (SPX) is trading between its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) ad the long-term Channel Up pattern that started on the November 03 Low is attempting to price its new Lower High. Based on the symmetry provided by the 1D RSI that is on the 39.00 Support (Dec 19 and Dec 28 Double Bottom), the 1D MACD and and 4H Death Cross (February 27 and December 19), the current sequence is extremely similar with the December 19 - 22 bottom fractal. That was basically the previous Higher Low of the Channel Up. The 4H MA50 (green trend-line) is about to cross tomorrow below the 1D MA50 and that marked the exact previous bottom on December 22. As a result, this is the most optimal long-term buy level, and we are targeting initially at 4050 (middle of the Channel Up) and 4250 (just below the Higher Highs trend-line) in extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FOREXCOM:SPX500Long
by TradingShot
7
S&P500 Short-term correction about to start.It appears that the Diverging Channel Up we spoke of last week eventually prevailed and the S&P500 index (SPX) is printing a Higher High formation similar to December 01 - 13. The pattern that carries this top formation is a Cup, which is now trading around the 4H MA50 (blue trend-line). Based on the December fractal, the first target is the 4H MA200 (orange trend-line). A break below Support Zone 1 will extend our selling towards Support Zone 2, where near the bottom of the Channel Up we will place our long-term buys. See how the 1D MACD Bearish Cross as well as the Lower Highs formation on the 1D RSI, also match those of the December peak. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FOREXCOM:SPX500Short
by TradingShot
3
#S&P 500 INDEX In its decreasing movement after breaking the trend line, it has created a very harmonic and beautiful trend with a greater slope than the higher time. Currently, in dealing with a resistance level from the previous movements in the range of 4136.85, three ranges are expected before the range of 3898.11 in the areas: 1-4045.50 2-3996.74 3-3935.98 touch There is no need for the trend to reach all the above goals. The price moves towards the trend line with a lower slope. In case of unexpected performance, the ceiling of the previous pattern in the range of 4320.08 is considered an important range.
SP:SPX
by maryammh
S&P500 pulling back. Those are the levels to sell/ buy.The S&P500 index (SPX) is pulling back after making a medium-term top on February 02. This isn't yet a Higher High on the Channel Up that started on the October 13 market bottom but it is a Higher High on the Diverging Higher High (light blue) that started on November 03. Keep in mind that the October Channel Up is what helped us take the accurate buy exactly on its bottom 3 weeks ago: With the 1D MACD making a Bearish Cross, the last time it formed one was on December 05, straight after the Dec 01 Higher High. That fractal sell initially bounced off Support Zone 1 that was formed from the last Higher Low before the top and then after breaking below the 1D MA50 (blue trend-line), it rebounded just before hitting Support Zone 2 (formed by the first Higher Low of the sequence). On the current price action, Support Zone 1 fits perfectly above the bottom of the October Channel Up, while Support Zone 2 is at the bottom of the November Diverging Channel Up. Of course the long-term confirmation would come after the 1D MACD makes a Bullish Cross but we will attempt one tight stop buy on Support Zone 1 and the last on Support Zone 2. In both cases we are targeting the 4195 Resistance and if broken the 4325 August 15 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FOREXCOM:SPX500
by TradingShot
9