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SPXUSD

SPX Must hold 3970 tomorrow am or its goneAs you can see there is a lot of confluence at 3970 level (This chart become quite busy with the trendlines) If we do gap down tomorrow below 3970, I will be looking to buy 3928-39SPX level for a broken trendline test, if not more. This chart is similar to the ES, but has a higher level of support, so they have a bit different short term look one from another to my eyes, but the main picture is the same. I really dont have much of a support if 3890-3910.50 is gone till 3744SPX! So it better hold that level and ideally the 3928-39SPX support box. Same as the ES, SPX has its trading cycles bearish now, expect short the rips all the way till the 19th of Dec! Have a good night
SP:SPX
by RealTima
2
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
💡 SPX Seasonality: Sell in May and Go Away. Here's Memorial DayMemorial Day (originally known as Decoration Day) is a federal holiday in the United States for honoring and mourning the U.S. military personnel who have died while serving in the United States Armed Forces. For nowadays, it is observed on the last Monday of May, and this year it is observed on May 29, 2023. Memorial Day is considered a U.S. stock market holiday, which means the Nasdaq and New York Stock Exchange will be closed Monday, May 29. What is Sell in May and Go Away? Sell in May and Go Away refers to a well-known adage in the business and financial world. The phrase refers to an investment strategy for stocks based on the theory that the stock market underperforms in the four-month period between May and October (since June until September). In contrast, the 3-months period since November and until January sees much stronger stock market growth. For many past years I used many other websites to analyze seasonality of major stocks, indices, Fx pairs and commodities. Thanks to TradingView community and its awesome @tradeforopp wizard, the script Seasonality has changed the rules . As it described on Indicator webpage , This Seasonality indicator is meant to provide insight into an asset's average performance over specified periods of time (Daily, Monthly, and Quarterly). How the Sell in May and Go Away Strategy Works If investors follow the Sell in May and Go Away strategy, they sell stocks at the End of May (or during the late spring) and have the proceeds held in cash. Then, the investors would invest again in early October (or in the late autumn). That means, the investors would avoid holding stock during the summer months. History of Sell in May and Go Away 👉 “Sell in May and Go Away” has its origins in England or, more specifically, in London’s financial district. The original phrase was “Sell in May and go away, come back on St. Leger’s Day,” with the latter event referring to a horse race. 👉 Established in 1776, the St. Leger Stakes is one of the most well-known horse races in England, being the last leg of the British Triple Crown and is run at the Doncaster Racecourse in South Yorkshire in September of every year. In its original context, the adage recommended that British investors, aristocrats, and bankers should sell their shares in May, relax and enjoy the summer months while escaping the London heat, and return to the stock market in the autumn after the St. Leger Stakes. 👉 In the U.S., some investors have adopted a similar strategy by refraining from investing during the period between Memorial Day in May and Labor Day in September. Relevant Statistics and Considerations 👉 Historical data have generally supported the “Sell in May and Go Away” adage over the many years. The S&P 500 Index has recorded a cumulative three-month average annualized return of more than 10% in the period between November to January, based on the statistics data collected over the past 151 years. 👉 At the other side, S&P500 an average annualized gain is about Zero between May and October (June till September), based on the same statistics data collected over the past 151 years. 👉 Seasonal factors play an important role here, as end-of-year bonuses and the Santa Claus Rally, which refers to the stock market’s tendency to rally over the last few weeks of December into the first few months of the new year. Some theories behind it include increased holiday shopping, optimism and morale fueled by the Thanksgiving Day, winter holidays, or investors settling their books before going on holiday. February and March are relatively mild in terms of growth. The stock market could lifts in April and May due to the anticipated release of the first-quarter reports (for example, like after recently announced Q1'23 NASDAQ:NVDA report). 👉 In contrast, the summer time tends to be less optimistic, with first-quarter results over and many people spending less time paying attention to stocks as they go on summer vacation. In addition, specifically in election years, there tends to be a weakness of the stock market in September due to the uncertainty of the election results. The conclusion 👉 It should be noted that returns have often varied in different time periods, and there have been many exceptions. 👉 However the upper chart (SPX Seasonality) clearly illustrates that based on the statistics data collected over the past 151 years, the timeframe since June until September, averagely is the worst time to invest into SP500 Index, while June and September are the worst performer months over the all history of S&P500 since 1870s. 👉 Memorial Day could be considered as a starting point for the strategy, where the negative return of the following business day (or business week in a case of no significant change) after Memorial Day usually predicts the further stock market trends and directions until October (begin of fourth quarter).
CBOE:SPX
by Pandorra
4
Best guess: current situation in MarketI think the market is consolidating for the next push up... but probably won't be consolidating here anymore, rather lower is coming... I'm fully expectant and prepared for LOWER LOWS to come... so if you want to follow idea on Long, do know it's early still... Tape Wise, market flipped bull mode on October 13th... price going lower is not "PER SE" a bear tape. I'll update if I sense the stink of bear taking hold of market... his claws printed in Tape... for now price is just controlabelly and smoothly cooling off & falling lower (remember, "velocity" is not all there is to bear tape... yes, bear tape requires velocity, but a relatively speedy down trend is not on its own a bearish tape...) So: until Tape flips bear and trend is broken, we assume after lower prices, higher ONES will come...
TVC:SPXLong
by LotusTrading20
1
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 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 Approaching its new long-term bottomOn our last week analysis for the S&P500 Index (SPX) we called for the start of the correction within this long-term Channel Up pattern: As you see the timing was spot on and the price broke below both the middle of the Channel Up and the 4H MA200 (orange trend-line). Along with the 4H MA50 (blue trend-line), the latter is close to forming a Death Cross on the 4H time-frame, which is a bearish pattern. The last time this was formed was on December 19 2022 and it was the bottom (Higher Lows trend-line) of the pattern. The 1D RSI is already reversing, though the 1D MACD shows there might still be a few days left before bottoming. On an R/R basis, the risk is low buying on the 4H Death Cross formation, and this is what we will do, getting the most optimal long-term buy entry. Our first target is the middle of the Channel Up (4050) and upon a 4H MA200 re-test as Support, the top (Higher Highs trend-line) of the Channel as an extension (4250). ------------------------------------------------------------------------------- ** 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 Last hurdle but forming a 1D Golden CrossThe S&P500 index (SPX) broke above the 1W MA50 (red trend-line) for the second time during the start of the Bear Cycle in January 2022 and the first after December 12 2022. For the past three days it is being rejected there, which makes it a strong Resistance, along with the 'Prior Lower High', which is the level we pointed out last week on our SPX report: As you see the price followed the buy call at the bottom of the Channel Up flawlessly but now faces the 'Prior Lower High'. Until it breaks it, we are good to sell with a tight SL targeting the 1D MA50 (blue trend-line). That trend-line just hit the 1D MA200 (orange trend-line) and are about to form the first 1D Golden Cross since July 09 2020. As a result, we are bullish long-term, targeting the Resistance Zone and if 4145 breaks, the August 16 2022 High at 4325. We will only short-term sell if the index closes below the Channel Up and target 3800 (top of Support Zone 1) and if 3760 breaks target 3710 (top of Support Zone 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
S&P500 Alert! Rejection on the Bear Market Resistance!The index failed yet again to break and close above the bold white declining Resistance, which is effectively the Resistance that has marked all lower highs of the Bear Market. This is far from an ideal scenario for S&P500 buyers. The Support Zone right below already supported once last week and has been serving as either a Support or Resistance since May 30th. Below that its the bottom of the Channel Up to consider but if broken the price can reach Support Zone B and the dashed declining support. Closing over the Bear Market Resistance will be extremely bullish for the S&P500, setting a target within the Resistance Zone. What can help us be ready to trade the correct trend is the RSI, which is trading within a Triangle. The direction of its breakout can potentially reveal the index's next move. Follow us, like the idea and leave a comment below!!
FOREXCOM:SPX500
by TheCryptagon
11
S&P500: Hit the 1W MA50 again.Strong rally on the S&P500 index today with 1H turning overbought (RSI = 81.761) but 1D on healthy bullish technicals (RSI = 61.426, MACD = 17.150, ADX = 26.544), indicating that this trend can be sustainable long-term. The only drawback is that the price hit today the major multi month Resistance level of the 1W MA50, which made the strong rejection of December 13th. We have no alternative but to look at the index on the medium term horizon. This shows that as long as the 4H MA200 supports, the price can go to 4,080 tomorrow (1.5 Fibonacci) and seek direction within the 4,100 - 4,140 Zone. This will either be a Supply Zone where heavy profit taking will take place, or Demand by a new batch of buyers long-term. Successful break over it will be bullish aiming the 4,330 Resistance of August. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
ULong
by InvestingScope
2
SPX Daily TA Cautiously BullishSPXUSD daily guidance is cautiously bullish. Recommended ratio: 80% SPX, 20% Cash. * GOLDEN CROSS WATCH . US December CPI came in 0.1% lower than in November (which saw a rise of 0.1% from October), whereas Core CPI came in 0.3% higher than in November (which saw a rise of 0.2% from October). The UofM Consumer Sentiment Index (Preliminary) for January is currently 64.6 , up from 59.7 in December. The current GDPNow US Q4 GDP estimate is 4.1% , up from 3.8% on 01/05/23. It seems as though markets are pricing in a "turnaround in inflation", but with Russia/Ukraine and ongoing supply chain disruptions from China it is likely premature to make such an assessment. Additionally, CPI is conflated and this is largely because the cost of gas has been falling in recent months; this is due to to a combination of: weakening demand from China amidst record COVID cases and resulting lockdowns; a price cap on Russian oil; a dramatic slowing of travel in the winter season (US); and lingering effects of the US government tapping into the SPR. Russia deciding to ban oil exports to any organization or country supporting the $60 price cap begins on February 1st and the next OPEC meeting could result in a cut to production in effort to boost prices. Cryptos are mixed. US Treasuries are up. Key Upcoming Dates: US December PPI at 830AM EST 01/18; US December Retail Sales at 830AM EST 01/18; Next GDPNow US Q4 GDP Estimate 01/18; US Federal Reserve Beige Book at 2PM EST 01/18; US December Building Permits and Housing Starts at 830AM EST 01/19; US Federal Reserve Governor Lael Brainard (FOMC member) Speech at 1:15PM EST 01/19; US Federal Reserve Governor Christopher Waller (FOMC member) Speech at 1PM EST 01/20. * Price is currently testing the 200MA at $4k as resistance. Volume remains Moderate (moderate) and has favored buyers for the last four sessions as Price trades in the Point of Control. Parabolic SAR flips bearish at $3810, this margin is mildly bearish. RSI is currently forming a soft peak at 61 as it approaches 68.42 resistance. Stochastic remains bullish and is currently trending sideways at max top (it can remain in this 'bullish autobahn' for a few sessions). MACD remains bullish and is currently trending up at 14.5 as it breaks above the uptrend line from March 2020, if it can sustain this momentum then it will likely test next resistance is at 33.08. ADX is currently trending up at 15 as Price continues to trend up, this is mildly bullish at the moment. If Price is able to break above the 200MA with conviction, the next likely target is a retest of $4058 minor resistance . However, if Price is rejected here, it will likely test the 50AM at $3913 minor support . Mental Stop Loss: (two consecutive closes below) $3913 .
SP:SPX
by dailytaguy
S&P500 Running out of time and space. Can it avoid the fall?The S&P500 index (SPX) hit again the bottom (Higher Lows trend-line) of the October Channel Up following two straight rejections on its 4H MA50 (blue trend-line). This completes a 2-week fall following the 1W MA50 (red trend-line) rejection. Even though it appears to be staging a small rebound early today, so far it remains even below the 1D MA50 (green trend-line), where it had a clear rejection on December 22 as well as the 4H MA200 (orange trend-line). Based on the 4H MACD, it appears that S&P is repeating the early September Cup reversal pattern. That sequence broke above the 4H MA50 and 1D MA50 in succession before getting rejected just above the 4H MA200. That rejection later initiated a new and more aggressive round of selling to the October 13 market bottom. Notice the 4H Death Cross on both patterns. In order for the S&P500 to avoid this scenario, it needs to break above the previous Lower High (4055), which failed to do so in September. Until then, a new Lower Highs or 1W M50 rejection should be enough to test first the Support Zone around 3700 and if broken, even the market low. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FOREXCOM:SPX500
by TradingShot
3
S&P500 Repeating early September. Can it avoid the fall?The S&P500 index (SPX) is rebounding since yesterday after the 7 day fall followng the 1W MA50 (red trend-line) rejection. Even though it rebounded near the bottom of the October Channel Up, so far it remains below the 1D MA50 (green trend-line), the 4H MA200 (orange trend-line) as well as the 4H MA50 (blue trend-line). Based on the 4H MACD, it appears that S&P is repeating the early September Cup reversal pattern. That sequence broke above the 4H MA50 and 1D MA50 in succession before getting rejected just above the 4H MA200. We are now slightly past the 4H Death Cross. That rejection later initiated a new and more aggressive round of selling to the October 13 market bottom. In order for the S&P500 to avoid this scenario, it needs to break above the previous Lower High (4055), which failed to do so in September. Until then, a new Lower Highs or 1W M50 rejection should be enough to test first the Support Zone around 3700 and if broken, even the market low. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FOREXCOM:SPX500
by TradingShot
3
SPX so far so good from yesterday's updateI was sleeping in today after my BD celebration yesterday and what a present I got:) The only issue is I didnt short 2am last night as was looking to do it and tweeted about it! Good I got some of those lotto puts (tweeted yesterday as well) We got a gap down I was looking for, hope people are not trapped long since yesterday as I warned so many times as well as tweeted! Now the question if SPX gets below 3832-31, then it should close at the lows and the next support will be at 3808 (target I was looking for for last several days) Usually these types of moves are ending up with closing at the lows, so if we get a bounce, I will short it to exit either tomorrow am or AHs
SP:SPX
by RealTima
9
SPX Daily TA Neutral BearishSPXUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * The FOMC announced a 50bps rate hike today and adjusted their Dot Plot to reflect a 5.1% FFR in 2023 . Markets rallied prior to the announcement and then fell shortly after, though this could have been a short-squeeze, Equity and Crypto markets could see more downward pressure as investors return to Bonds; currently FFR futures traders are anticipating a 75bps rate hike on 02/01/23. DXY, US Treasurys (mixed) and Natural Gas are up. US Equities, US Equity Futures, Cryptos, Commodities, GBPUSD, EURUSD, JPYUSD, CNYUSD, HSI, NI225, N100 and VIX are down. Key Upcoming Dates: Next GDPNow US Q4 GDP estimate 12/15; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently trending down at $3995 and is at risk of breaking below the uptrend line from 10/13 after being rejected by the 200MA at ~$4035 as resistance. Volume remains Moderate (high) and favored sellers for a second consecutive session; Price briefly touched the VP Point of Control at ~$3970. Parabolic SAR flips bearish at $3920, this margin is bearish at the moment. RSI is currently testing 52.68 as support after crossing above it to start the week. Stochastic remains bullish and is currently testing 43.62 resistance. MACD remains bearish and is currently at risk of denying a trough formation at 33.08 support; if it loses 33.08 support then the next support (minor) is at 10.73. ADX is currently trending up slightly at 16 as Price attempts to defend the uptrend line from 10/13, this is neutral at the moment. If Price is able to bounce here and reclaim support of the uptrend line from 10/13 at ~$4032 (which coincides with the 200MA), it will have to break above $4058 minor resistance in order to retest the upper trendline of the descending channel from November 2021 at ~$4150 as resistance . However, if Price continues to break down here, it will likely retest $3913 minor support . Mental Stop Loss: (one close above) $4058.
SP:SPX
by dailytaguy
SPX pathway into 19th lowThis is the best I can come up with today. i didnt do much research today. Want to see a lower low in am and bounce after the Interest rate decision, then the whole move will be faded after Powell starts talking. Short around 2am, buy am low for the interest rate decision and sell that rip (if we get one) right before Powell starts talking. Thats my plan for tomorrow I have a price to short at 4044-47SPX and 4080SPX, those are the levels to watch, especially the second number. ES resistance is at 4090-99 Its my BD tomorrow, might be less active, but will try to tweet my trades. Resistance levels are the same - 4028-34SPX - 4100-4110SPX Main support on closing level is 3933SPX. I still think we should see 3748SPX gap filled this month and 3212SPX early (Q1) next year
SP:SPX
by RealTima
20