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Standardandpoor

S&P500 Buy this pull back.S&P500 / US500 got rejected today on the Falling Resistance of the previous High. This is the very same pattern we had between Sep 26th - Oct 6th. After the pull back was completed near the previous Low, the price rebounded above the Falling Resistance to a +2.17% rise. Even the first rebound on the Rising Support, rose by +2.19%. Buy the current pull back and target 5900 (+2.17%). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
2
Big corporations rolling over after months of relentless risingThe current earnings season in the United States brought forth intriguing results. Nevertheless, we have seen some adverse reactions to relatively good results. For example, Alphabet (Google) lost about 10% following its quarterly earnings on Tuesday, despite its revenues and net income soaring (YoY) in 3Q23 by a significant margin (though it is important to note that the company missed some of the analysts’ estimates). Based on multiple observations, we might be at the brink of rollover in the highly capitalized corporations (following months of relentless climb higher). This potential rollover represents a significant danger to the performance of the U.S. stock market indices (which were driven to heights mainly by these large companies). Now, they might start being responsible for driving them down. With that said, we want to bring attention to the small caps, particularly Russel 2000. Unlike SPX or NDX, this index has not gone through an immense rally over the past year (something many people chose to ignore, calling for a genuine bull market). In fact, RUT is down about 6.7% year-to-date, telling us a completely different story about the health of the economy than SPX or NDX. In addition, we would argue that a lot of economic data reflects a better picture of the economy than reality suggests. As a result, we want to raise a word of caution to market participants. Illustration 1.01 The picture above shows the daily chart of Russel 2000. The index is hovering just slightly above the 2022 lows. Illustration 1.02 Illustration 1.02 displays the chart of Alphabet, Amazon, Apple, and NVIDIA. 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
Volatility stays elevated amid rising uncertaintyIt has been about twenty days since SPX marked a high near $4,607. Back then, we highlighted the importance of watching the Chinese stock market in order to get more clues about what could be waiting for the U.S. indices (specifically, we mentioned a rollover in the Chinese stocks and the spillover effect). Since then, SPX drifted slightly lower, approximately 3.7%. Meanwhile, Chinese indices dropped significantly more. In particular, Hang Seng Index erased more than 10%, and Shanghai Composite Index lost about 5%. While all these figures are not yet all doom and gloom, the weakness in the global markets should not be overlooked easily, especially as we are still seeing the situation in China unravel. Therefore, we are paying close attention to technical indicators like MACD, Stochastic, and RSI on a daily time frame. All three indicators are in a bearish constellation, with MACD approaching the midpoint. If it breaks below zero, it will greatly bolster the bearish case for SPX in the short term. In such a scenario, we would expect SPX to continue falling to the area between $4,250 and $4,350. Illustration 1.01 Illustration 1.01 shows the daily chart of VIX. Interestingly, the volatility index is staying elevated. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bullish *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
3
Uncertainty spreads among investors as they await more dataIn the aftermath of the latest Federal Reserve (FED) meeting and subsequent 25 basis points rate hike, SPX has been experiencing fluctuating price action, oscillating primarily between $4,520 and $4,600. This range-bound activity could indicate investors’ caution as they grapple with the implications of the FED's policy changes and monitor the incoming economic data to ascertain the overall market direction. Today, we will get an update on S&P Global Manufacturing PMI, ISM Manufacturing PMI, ISM Manufacturing Employment, and JOLTs Job Openings (note that we are not listing every data release, only ones important to us). On Thursday, we will get more information on initial jobless claims, S&P Global Services PMI, S&P Global Composite PMI, and ISM Services PMI. Then finally, on Friday, the unemployment rate and non-farm payrolls are scheduled to come out. We will wait for these figures and reassess our views accordingly. Illustration 1.01 The picture above shows the daily chart of SPX. Yellow arrows indicate the divergence between the price and technical indicators MACD and RSI; in addition to that, on the MACD’s graph, the signal line can be seen breaking above the MACD line, which is slightly bearish (but it could still be only a fakeout). Therefore, we will monitor these two indicators in the following days for any signs of a potential trend reversal. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *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:SPX
by Tradersweekly
2
SPX - Opening gap on MondayAfter successfully predicting the bounce following new lows and then warning about the subsequent drop, we are back to provide more thoughts on the market. In the big scheme of things, not much has changed. Merely the market confirmed our bearish bias, which we have continued to nourish throughout 2022. Despite many calling it the spreading of fear and uncertainty, we can not ignore macroeconomic factors driving the market. Because of that, we continue to think that the bear market is not done. Quite the contrary, we believe the market conditions are set to dramatically worsen with the FED rising interest rates later next month. In tandem with that assessment, we think the market is due to start slowly progressing from the second stage of the bear market into the third stage in 2023 (after weak earnings reinforce our notion of the 2nd stage of the bear market). Therefore, we believe that the market has not hit bottom yet. Accordingly, we stick to our price target of 3500 USD. Illustration 1.01 Illustration 1.01 shows the hourly chart of ES1! continuous futures. An opening gap occurred on Monday, and the price retraced it later. Therefore, we will pay close attention to whether the price manages to hold above the gap; the inability of the price to do so will be bearish. Technical analysis - daily time frame RSI, Stochastic, and MACD turned bearish on Friday. DM+ and DM- continue to be bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. 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.
CME_MINI:ES1!Short
by Tradersweekly
13
SPX - Fishing for the double bottom will turn out to be painfulAbout two weeks ago, we noted that the market was nearing 2022 lows, which led us to speculate about the short-term bounce. We reasoned that people would start predicting the double bottom formation and potential trend reversal. However, we stated that this bullish move-up would prove to be short-lived over time. Since our post, SPX hit a new low and then bounced more than 6%. At the moment, the index trades near the 3 780 USD price tag, which coincides with the 20-day SMA. In our opinion, this retracement toward the SMA represents the correction of the downtrend, just like on previous occasions. If the price breaks above the SMA, then it can bolster the bullish case in the short term. However, a failure of the price to break above the level and hold there will suggest otherwise. As for the medium and long term. We stay bearish and committed to our price target of 3500 USD. Our views are based on a combination of technical and fundamental factors described in this and previous articles. Illustration 1.01 Illustration 1.01 displays the daily chart of SPX. The yellow arrow points to the price retracement toward the 20-day SMA. Two dashed white lines act as sloping resistance levels. Technical analysis - daily time frame RSI and Stochastic are bullish. MACD is neutral. DM+ and DM- are bearish. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 shows the daily chart of SPX and simple support/resistance levels. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. 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
9
S&P500: Should cross the 1D MA200 to avoid a new Low.Despite this week's rebound on Friday's 2,855 low (a level which was the 1W Support also made by the October 3rd 2019 low), S&P failed to break the 1D MA200 so far with the 1D chart remaining under pressure (RSI = 38.384, MACD = -75.790, ADX = 49.730). That is despite the fact that the Federal Reserve announced a rate cut yesterday, with the index pulling back within the 0.5 - 0.618 Fibonacci zone. The current price action is similar so far to the late 2018 sell-off. The price failed to cross the 1D MA200 on three occasions and a Death Cross (MA50 crossing below the MA200) was formed that led to the December 2018 low. It becomes obvious that SPX should break above the 1D MA200 in order to avoid a similar death spiral as investors will surely lose confidence that even traditional saving mechanisms like rate cuts are unable to provide relief on the stock market. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:SPX
by InvestingScope
4
S&P: Sell opportunity towards the 1D MA50.SPX has been trading within a Channel Up on the 1W chart since the October 03 2019 low (RSI = 68.663, MACD = 94.760, ADX = 55.372, Highs/Lows = 80.7537). At the moment the price was rejected near the Higher High trend line and since the RSI on the 1D chart in on a bearish divergence we expect the pull back leg for a Higher Low. The 1D MA50 last time supported the pull back so we will set our Target higher: within the 3,307 Feb 4th Gap and 3,320 (inner dashed Higher Low line). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:SPXShort
by InvestingScope
5
S&P: Sell opportunity if the Channel Up breaks.SPX is trading within a 1D Channel Up (RSI = 64.687, MACD = 28.070, ADX = 51.456, Highs/Lows = 0.2723) since the October 3, 2019 bottom. There is however one bearish divergence signal that calls for a sell towards the 3,070 1D Support if the 1D Channel Up breaks to the downside. That signal is the RSI which is trading sideways (at best) on a pattern that resembles a lot the January - April 2019 Channel Up. That pattern also had the RSI trading sideways despite the price making Higher Highs on the Channel Up and eventually failed to sustain it, broke downwards below the 1D MA50 (blue line) and found Support on the previous Higher Low. If the same pattern is repeated then S&P should seek the 3,070 1D Support. We are waiting for such pull back for our next long term buy position. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Short
by InvestingScope
S&P: Bearish reversal (2,950) with invalidation level.As per our last study, the +100 pip target has been reached: The index has approached the Higher High zone of the 1W Channel Up (RSI = 64.884, MACD = 62.620, Highs/Lows = 78.1742) and the 1D RSI is close to the 71.30 level which since February 2019 has always caused a pull back. When on the Higher High trend line of the 1W Channel Up in particular, the 71.00 1D RSI level starts a bearish sequence that drops all the way to the Higher Low trend line, with the 1D MA200 (orange) acting as the Support. S&P is now on such a spot and if this pattern is repeated then we are looking at a Higher Low contact with the 1D MA200 at least at 2,950. Attention is needed however. As per our last study (seen on the chart above), it is possible for SPX to start a new 12 month aggressive bullish sequence if 3,150 breaks (similar to what happened in 2016/2017). So be ready to exit this trade in time if you are a long term trader/ investor. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Short
by InvestingScope
2
S&P: Targeting 3,100 if the ATH breaks.After hitting our previous Target, the index is once again approaching the 3,030 1W Resistance and All Time High (ATH). 1D has just turned bullish on its RSI = 56.532 (MACD = 7.990, ADX = 32.823, Highs/Lows = 25.3073) but this is not the clue we are looking at for our next move. What seems to be more relevant now is how S&P traded on a similar situation in the past. We looked back in 2016/ 2017 when the index last made a rebound on the 1D MA200, within a Channel Up and after a Golden Cross formation. Once the Resistance at the time broke, it strongly moved for a new Higher High within the Channel before aggressively breaking the pattern upwards. Since we are currently just above the 1D MA50 and just under the 3,030 Resistance, if it breaks, we will target 3,100 - 3,150. A strong earnings season should work as the catalyst the index needs right now. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Long
by InvestingScope
5
S&P: Near its long term Buy Zone. Be ready to long.The index is suffering the technical consequences of the 3,025 - 3,030 Double top earlier last month and is aggressively pulling back within its 1W Channel Up (RSI = 47.427, MACD = 35.000, ADX = 33.659) having crossed all 1D Support levels. It is now approaching the Higher Low Zone (green) and the 1D MA200 which has always acted as a strong Support through out this bullish pattern. We are turning into buyers aiming at 3,000 - 3,025. Attention is needed however and willingness to exit this trade if the 1W Support breaks. The reason is that will indicate that the Double Top was an official failure to extend the long term bullish trend and selling can escalate towards the 2019 Lows. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Long
by InvestingScope
4
SPX: Medium term long to a Higher High.The index is trading within a 1W Channel Up (RSI = 57.360, MACD = 38.130, Highs/Lows = 5.5037) since late February. Since the May Higher High, the pattern has been respecting the Higher High/ Higher Low marks providing clear buy/ sell signals. The price just broke above the 1D MA50 which has been the Resistance for a whole month (August) since the 2,780 Higher Low. With this strong break-out, the index should now technically test the 3,030 1W Resistance and then move on to a new Higher High within 3,065 - 3,085. We remain long on SPX. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Long
by InvestingScope
6
Putting the 'Poor' back in Standard & PoorThis is a nice case study in the usefulness of mating momentum indicators (if you could call averaging out candlesticks a la 'Heiken-Ashi' an indicator...). 'Heiken-Ashi' translates to 'average bar' in Japanese, and aside from being aesthetic as hell they're also a great way to cut out noise. Since the Heiken-Ashi candles are formed from an average of the open, high, low, and close of the prior candle they are able to reliably display the general "temperment" so to speak of the local price action. The formula is simple: Wicks up top with a clean bottom is bullish, vice versa for bearish, and anything with a wick on both ends shows indecision. In combination with Bollinger Bands one can not only identify the markets mood, but also its volatility and relative mobility within the bands. Thicc BB means high volatility, and in addition to slim BB being the inverse; it often indicates a pending move (especially on lower timeframes). As well, the two 'channels' in the BB and their respective boundaries provide targets for entries as well as being indicative of the trend. Using the SPX as an example two things readily appear: 1.) A bear trend has been established 2.) It's got a few hundred more points of 'room' to fall before its hits anything significant in the BB structure, which it historically bumps into bull or bear....but especially bear. That's about it, technical analysis can be that simple. The difficulty in trading is often the problem solving involved in risk management, not technical analysis. That being said, none of this is advice of any sort; I don't even know how to read: Trade responsibly.
SP:SPXEducation
by OhAndArr
SPX500 Long-Term Forecast2016/11/17. S&P 500 stock index forecast for next months and years. S&P forecast for November 2016. The forecast for beginning of November 2168. Maximum value 2266, while minimum 2010. Averaged index value for month 2146. S&P 500 at the end 2138, change for November -1.38%. S&P 500 forecast for December 2016. The forecast for beginning of December 2138. Maximum value 2236, while minimum 1982. Averaged index value for month 2116. S&P 500 at the end 2109, change for December -1.36%. S&P forecast for January 2017. The forecast for beginning of January 2109. Maximum value 2232, while minimum 1980. Averaged index value for month 2107. S&P 500 at the end 2106, change for January -0.14%. S&P 500 forecast for February 2017. The forecast for beginning of February 2106. Maximum value 2229, while minimum 1977. Averaged index value for month 2104. S&P 500 at the end 2103, change for February -0.14%. S&P forecast for March 2017. The forecast for beginning of March 2103. Maximum value 2309, while minimum 2047. Averaged index value for month 2159. S&P 500 at the end 2178, change for March 3.57%. S&P 500 forecast for April 2017. The forecast for beginning of April 2178. Maximum value 2311, while minimum 2049. Averaged index value for month 2180. S&P 500 at the end 2180, change for April 0.09%. S&P forecast for May 2017. The forecast for beginning of May 2180. Maximum value 2346, while minimum 2080. Averaged index value for month 2205. S&P 500 at the end 2213, change for May 1.51%. S&P 500 forecast for June 2017. The forecast for beginning of June 2213. Maximum value 2352, while minimum 2086. Averaged index value for month 2218. S&P 500 at the end 2219, change for June 0.27%. S&P forecast for July 2017. The forecast for beginning of July 2219. Maximum value 2470, while minimum 2190. Averaged index value for month 2302. S&P 500 at the end 2330, change for July 5.00%. S&P 500 forecast for August 2017. The forecast for beginning of August 2330. Maximum value 2459, while minimum 2181. Averaged index value for month 2323. S&P 500 at the end 2320, change for August -0.43%. S&P forecast for September 2017. The forecast for beginning of September 2320. Maximum value 2336, while minimum 2072. Averaged index value for month 2233. S&P 500 at the end 2204, change for September -5.00%. S&P 500 forecast for October 2017. The forecast for beginning of October 2204. Maximum value 2295, while minimum 2035. Averaged index value for month 2175. S&P 500 at the end 2165, change for October -1.77%. GREEN- All-time High RED- Weekly Low(s) RED-CHANNEL- Latest Mid-Term (Daily) SHORT CHANNEL "Broken 09th of Nov 2016- Event US Presidential Elections" Current Long Positions and looking to add for future trades.
FX:SPX500Long
by iBrokers