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S&P500: One last pull back is possible before a new High.The S&P500 is pulling back following yesterday's July 4th holiday and seems to have reached a temporary top similar to May 1st. That was nearly a 1 month consolidation phase, which after testing the 1D MA50, it initiated the new bullish phase. Technically that was also the Higher Low of the four month Channel Up pattern. The 1D technicals remain bullish (RSI = 67.005, MACD = 54.870, ADX = 30.096) and as long as they do, buying is favored. We expect this short term correction to test the S1 (4,330) and then rebound, which we will buy, to the R1 (TP = 4,500), which was the April 21st 2022 High. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Short
by InvestingScope
3
S&P500: 1D RSI hit the 7 month Resistance. Sell signal.The S&P500 is trading inside a Channel Up since the March 13th low with 1D technicals heavily overbought (RSI = 72.465, MACD = 71.880, ADX = 42.303). That is a first bearish flag, with the second alert coming from the 1D RSI which hit on Thursday the HH trendline that started back in November. That is a major sell signal, calling for a pull back near the 1D MA50 (TP = 4,270). If the candle closes under S1, we will extend selling to S1 (TP = 4,105). If not, we will buy the first pull back and target the R1 (TP = 4,500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Short
by InvestingScope
8
S&P500: Closing over 4,330 can extend this relentless rally.The S&P500 index broke over Channel Up 1, which was the primary pattern since November 3rd 2022, and is only a few point away before testing R1 (4,330) for the first time since August 16th. The 1D technicals are on excellent bullish levels (RSI = 66.947, MACD = 39.580, ADX = 22.834) and a candle close over R1, can be enough to extend this relentless rally of the last 3 months. We will take the breakout and aim at R2 (TP = 4,500). If rejected on R1 though, we will sell on the short term and buy near the 1D MA50 again (same bullish target). A closing under the 1D MA50, will be a sell trigger and we will target the S1 (TP = 4,045). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500
by InvestingScope
10
S&P500: As long as the 1D MA50 holds, it remains bullish.The S&P500 reached our first TP1 = 4,295 (see previous idea at the bottom) and touched the top of the Channel Up pattern that guided the index out of its November market bottom. Technically this calls for caution as the probabilities of a HH rejection at the top are high, despite the 1D time frame staying on harmonized green technicals (RSI = 62.614, MACD = 30.510, ADX = 17.939). However as long as the 1D MA50 holds, it is maintaining a diverging Channel Up that can easily cross through R1 (4,330) and target soon the R2 (4,516.50). The potential change of sentiment and long term pattern is evident on the 1D MACD, which is past a Bullish Cross. For as long as those two conditions hold, we will remain bullish (TP1 = 4,330 and TP2 = 4,500). If the price crosses under the 1D MA50 and the 1D MACD gives a Bearish Cross, we will stop buying and reverse to selling, initially to S1 (TP1 = 4,045) and eventually the bottom of the Channel Up (TP2 = 3,895). 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
16
S&P500 The August 2022 is the Resistance but the index can peak The S&P500 / SPX / US500 is extending the rise inside the long term Channel Up, supported by the 1day MA50. As long as the 1day MA50 supports, we will stay bullish with the 4330 August 16th 2022 posing as the next Resistance. Every rally inside the Channel Up however has been at least +9.50% so we expect a peak on the Channel Up top at 4400 if the August 2022 top breaks. If a candle closes under the 1day MA50, seel and target 4030 (bottom of the Channel Up). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
13
S&P500 Near the top on two patterns. Pull back possible.S&P500 is testing Resistance (1) on the Channel Up inside the larger Megaphone pattern. Currently it is at the top on two separate patterns. The MA50 (1d) is supporting the Channel Up and the MA200 (1d) the Megaphone. Trading Plan: 1. Sell on the current market price. 2. Buy on Support (1). 3. Sell under Support (2). Targets: 1. 4175 (Support 1). 2. 4300 (top of Channel Up). 3. 4000 (bottom of Megaphone and near MA200 1d). Tips: 1. The RSI (4h) Highs (70.00) and Lows (30.00) match perfectly the Tops and Bottoms of the Channel Up. Use this to your advantage. RSI values of 70.00 are to be sold while values of 30.00 to be bought, as long as the Channel Up holds. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500
by TradingBrokersView
9
S&P500: Pull-back short term but new Bull Cycle ahead.S&P500 has almost reached the medium-term TP (4,220) so we are booking the profit on last Friday's buy position. The 1W timeframe is on steady green levels technically (RSI = 58.257, MACD = 54.060, ADX = 33.739) but the RSI is at the top of its Rising Wedge, indicating a possible loss of strength. We expect a pull-back to S1 and will buy it, targeting R1 (TP = 4,330), which is the High of August 2022. On the long term the bullish trend is intact (Channel Up) and we have an additional reason to expect a new Bull Cycle, as the 1W Ichimoku Cloud has turned green and when that happened in the past, the 1W MA50 usually turns into the long term Support for many months before a correction. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500
by InvestingScope
15
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