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Spy500

A clear deviation between NQ and ES CME_MINI:NQ1! CME_MINI:ES1! We can see that the ES chart is weaker and more "bearish" than the NQ. That means in the next week open if ES breaks the checkpoint "1" we can easily see an ATH for NQ , because we have already broken the checkpoint "1" on NQ . So I think the direction and the sentiment of NQ are highly based on whether ES breaks above or bellow the checkpoint "1" . We should also wait to see where the weekly gap will open. Up or down the current weekly close.
CME_MINI:ESZ2023
by GeoKyra
5
$SPY Weekly Price TargetsBased off Price Action, the next 2 weeks will determine if we will see new ATH or fill previous Order Blocks (OB). Currently, we are in an Uptrend with the continuation from Oct. 10th ~$360 Demand. We had a clean break through the OB created on the week of Aug. 22nd. Which lead us to fill the Apr. 4th OB. We could potentially see a continuation to ATH or a pullback to the $437 FVG with a reversal towards ATH. If we fail to break through the current OB or the previous ATH we could see a sell off leading to the closing of previous OB's on, Mar. 13th ~$386 & Oct. 10th ~360.
AMEX:SPY
by Kyle_Kinnaird
S&P sell off for 1:5 on the risk to reward (Don't buy stocks)! The S&P has had an extraordinary run in November. It has moved up 400 points from the low and now looks to have consolidated and waiting to drop. Here are the reasons we want to sell this pair this week. 1) Daily RSI is overbought 2) H4 RSI is overbought and there is a double top 3) There is a Weekly pattern to sell which reacted previously and now there is a TYPE 2 test. 4) Strong resistance of last week's high of 4525 is there This will be a long term trade. S&P takes time to come down so I expect this to run for about 4-5 weeks.
SP:SPXShort
by JD_TeenTrader
S&P 500 Preferred Short: Better Risk-RewardToday I want to discuss about the bull and bear cases for S&P and introduce the fractal concept Bull case: Cup with a handle uptrend can be considered 1-2-3 wave and recent downmove as 4th wave it is a possibility because wave 4 is in wave 1's terrority, similar to the big downtrend. But this can also be considered a leading diagonal downtrend sub-wave 5 ended on uptrend wave 1 Bear case: Fractal retracement % is very close both retracements reached peak of wave 2 of same degree Preferred Elliott Wave Counts Risk-reward is better on the short side now speed of upmove
OANDA:SPX500USDShort
by sngyuchao
Buy This Bargain Before It's GoneIn early October 2023, we updated our previous forecast for the SPDR S&P 500 ETF Trust for the current year. Its price, after a short-term breakthrough of the triangle pattern (marked as (A)-(B)-(C)-(D)-(E)), returned above its lower border, and a new upward trend began despite the intensification of geopolitical tensions in the world, mainly due to the Hamas war against Israel. On the other hand, in mid-November, US inflation data was released, which demonstrated the effectiveness of the Fed's policy. So, the consumer price index (CPI) rose by 3.2% for the 12 months ending in October, one of the lowest values in recent years. The sharp decline in this indicator was primarily due to a significant decrease in prices for both energy and used cars and trucks. Ultimately, these data triggered a short squeeze on government bonds, which had a positive impact on the stock market. Currently, on the daily timeframe (1D) of the SPDR S&P 500 ETF Trust, a gap has formed in the price range from $441 to $446, which, according to our estimates, will be closed in the next 1-2 weeks. On a more global scale Thanks to positive macroeconomic data released by government agencies in the US and European Union and lower oil prices in recent weeks, the likelihood of the Fed cutting interest rates in early 2024 has increased sharply. We believe that the decline in 2-year Treasury yield will continue in the near future, which will also support the continued momentum of the SPDR S&P 500 ETF Trust. Moreover, financial market participants should pay closer attention to changes in the yield curve, which is becoming increasingly important and one of the most accurate fundamental tools for predicting changes in sentiment on Wall Street. As soon as the 2-year Treasury rate approaches the 10-year Treasury rate, this will provoke investors and traders to exit long positions in bonds and more aggressively buy ETFs, shares of technology and pharmaceutical companies. Conclusion We believe the pace of the US economic recovery will continue to accelerate and expect the SPDR S&P 500 ETF Trust to reach $463-$464 by the end of 2024. Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
AMEX:SPYLong
by AisenQuantum
1
Trouble lies aheadAs the Chinese stocks are starting to show signs of weakness after a few days of upside movement, we expect the same scenario to play out in the U.S. market. With that said, the setup we introduced in a previous article remains valid. To support a thesis about a bearish reversal, we want to see MACD fail at breaking into the bullish zone on the daily chart; in addition to that, we want to see RSI and Stochastic continue declining. Illustration 1.01 Illustration 1.01 shows two Chinese stock market indices we are paying close attention to. Illustration 1.02 The picture above shows the weekly chart of MACD. A breakout below the midpoint is something to watch in the following weeks. If MACD succeeds in breaking below zero points, it will be very bearish. Technical analysis gauge Daily time frame = Slightly bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXShort
by Tradersweekly
8
ES 4H Analysis ES experienced a remarkable surge in the past week. However, we've returned to the crucial breakout and retest range of 4400-4430. For the rally to persist, it would be ideal for ES to have a moderate retracement and maintain demand in the vicinity of 4325-4340. While the price might continue its upward trajectory without a pullback, a measured retracement would be a positive sign. It's essential to remember that we remain in a declining channel and are approaching a vital zone characterized by the breakout, retest, and trendline resistance. Anticipate inconsistent and sluggish price movements (cooling period) before either a continuation or a reversal. Key levels to monitor: Resistance: 4400-4430 Support: 4325-4340
CME_MINI:ES1!
by AmpedTrading
"Higher for longer" to stay with usDuring yesterday’s FOMC press conference, Jerome Powell outlined the resiliency of the U.S. economy and labor market. In addition to that, the chairman reiterated the FED’s commitment to fighting inflation and bringing it to the goal of 2%. However, when asked whether the FED is confident about financial conditions being restrictive enough to finish the fight, the chairman answered that they are not confident about this fact and that more rate hikes might be on the table. Furthermore, Powell explained that all the effects of cumulative tightening had not been felt yet, allowing them to pause rate hikes and reassess the situation based on the upcoming data. With that said, we expect the policy of high-interest rates to continue to exert pressure on the economy, slowing it down. Plus, we disagree with FED’s outlook for no recession in 2024. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXShort
by Tradersweekly
15