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S&P500: One last bullish leg before a new correctionThe S&P500 is pulling back today after it hit the 0.5 Fibonacci level on Friday. The 1D technicals remain bullish (RSI = 61.663, MACD = 33.310, ADX = 42.403) as the current rise is the bullish leg that started on the Higher Low of the Channel Up and technically peaks near 4,250. That is our short term target and don't see a correction before that. Of course we need to take into account the R1 Zone, which has formed tops 4 times already since June 2022 but this time the 1D RSI looks more like the July 29th-August 8th 2022, which was a stepping stone before a blow off top at 4,330. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
3
S&P500: Breaking key Resistance but the 1W MA50 has to holdThe S&P500 crossed this week over the LH trendline of the August 15th rejection on the 1W MA50. Proportionally this can be compared to the April 18th 2016 breakout. The key for a sustainable uptrend on that occasion was the 1W MA50. It held twice and sustained a long term uptrend. With the 1W technicals turning marginally bullish (RSI = 56.614, MACD = 37.390, ADX = 36.682) and the RSI on a similar HL trendline with 2016, we expect a few weeks of sideways trading and if the 1W MA50 holds, we have a legitimate case for a new long term Bull Cycle. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPX
by InvestingScope
1
S&P500: This may be the rally that turns the 1WMA50 into SupportThe S&P500 has completed 3 straight green weeks, the strongest 3 week rally since October 24th. As we zoom out on the 1W time frame where the technicals have just only turned marginally bullish (RSI = 55.603, MACD = 28.700, ADX = 34.959) we can see an attempt to form a Channel Up. The 1W RSI is slightly pulling downwards and since it started rising back in May, this was a pull back signal within a greater bullish wave. Those are clearly shown on your chart. The June 13th-August 15th wave rose by 18.90% and the October 10th-December 12th wave rose by 18.40%. This suggests that there is still much room left to rise on this wave, thus we remain bullish aiming at another +18.40% rise (TP = 4,500). It is worth making clear at this point that if another such bullish wave is materialized, then the 1W MA50 will be turned into a Support for good. And this trendline tends to be the standard Support level during Bull Cycles. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
3
S&P500 Long and strong on this Channel UpThe S&P500 is extending the rise that we called 2 weeks ago at the bottom (see chart at the end) of the long term Channel Up. Target (1) was easily and quickly hit and as the price is approaching Resistance Zone (1), we get the potential conditions for a short term pull back. Trading Plan: 1. Buy any pull back under Resistance Zone (1). Targets: 1. 4220 (top of the Channel Up and +11.00% rise). Tips: 1. The MACD (1d) is approaching a Resistance level that has previously initiated short term pull backs. 2. Ultimate long term target is Resistance (2) at 4330, which will fill the gap of August 16th. Please like, follow and comment!! Notes: This is a continuation of this trading plan:
CAPITALCOM:US500Long
by TradingBrokersView
2
S&P500 First 4hour Golden Cross in 2.5 months.S&P500 formed the first 4hour Golden Cross since January 16th, breaking above Resistance A. The RSI is on a Rising Support, same with the previous bullish leg of January. Following the Golden Cross, the price pulled back to Fibonacci 0.5 and then resumed the uptrend. Regardless of this potential pullback, we remain bullish on the S&P500 index, with our Target intact at 4280. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
SPX Markets And What They MeanLots of SPX Traders have been watching for price direction for a long period of time now, tentatively awaiting the next 'big move'. That move hasn't really come and although oscillating to the upside slightly over the part 8 months, price is still more or less where it was at the start. This leads a lot of Traders wondering why and encourages them to surmise the reason in their head. Is the market just bad? Is it the news? How do I know which? Well the truth is the market starting falling upon fears economically. This was both natural and inevitable. After large upswings markets have got to come back there is no way to sustain price and debt for such a long period of time, hence the housing crisis and all other crisis that occur. Over time, something happens to bring it all back down to reality. We then see what you may call a 'hope bounce' and markets return somewhat to normality. This is commonplace across futures and often occurs after sustained periods of movement. In fact, it provides ample hedging room and partly why I trade UK equities so much. You then get to the stage where people are hoping for a larger recovery. They make bad trades, they load into the market and they ignore Key PA levels and rules. This leads to pain. So Trade exactly what you can see and when there is no sure sentiment and no blowout reason for up or down, trade factually as labelled on our chart. Trade small and Trade safe always.
CME_MINI:ES1!
by WillSebastian
3
SPX Futures.. The way Markets Fall and RiseHey Guys, I covered this earlier but you must be aware of how markets fall and rise and why and how you must act to be a profitable trader. 1. Do not Race in. If you flick back in time to any fall In Similar markets (or the SPX only) you can see how it trickles down over time. This is because former levels must be broken. 2. Gauge market value. Do not buy Highs and do not sell lows. Just be patience and trade moves. 3. Trade in stages; Linking back to point 1 the markets will fall often in stages giving you the chance to buy and sell over time. And most importantly CHECK what is going on in the world. It just helps a little to know how far into the woods the global economy is and how long its likely to take to get out! Important Rules. Be prepared ALWAYS! Look lower to 3400 and circa 3200 for Future longs. IF we get there. If we do not you shall lose nothing.
SP:SPX
by WillSebastian
14
Trading With The Future In Mind.. (Make Better Decisions)There's nothing I enjoy more than telling people hey, Take a Trade Here Or There. That's because it means they are being WISE to what is required to enter and exit the market repeatedly for profit. This does not require a Genius. This doesn't require you to be a millionaire.. It just requires KNOWLEDGE so you can gain power over the Market. This knowledge is about TWO things mainly: What is an accurate Price point for Entry/Exit and Why? What is appropriate Risk Wise for that Price Point? Whether you are Trading Today, Tomorrow or Next Month you will need to be able to answer those questions at any time (preferably with your eyes Closed). After all, Markets play out OVER time and not all at once, so you are going to need to plan. If you do not trade with a plan and you are buying and selling randomly like a lunatic, it hurts, because you have no reason behind what you are doing. Trades must make sense to you and you must be comfortable with your entries and exits. If you aren't comfortable, its likely you have no plan. Anyhow lets chat about it!
CME_MINI:ES1!
by WillSebastian