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S&P500 Bearish Divergence on 1D RSI points to a correction.The S&P500 index (SPX) has reached the top of the long-term Channel Up pattern that started on the October 13 2022 market bottom. This development is a strong sell signal on its own but it gets even stronger as the 1D RSI has been within a Channel Down since December 19, while the price was rising within a Channel Up, which is a technical Bearish Divergence. The very same Bearish Divergence that led to the July 27 2023 Higher High and was followed by a 3-month almost -11.00% correction. The first wave of that correction was -5.84% and has been the minimum correction range in 2023, settling just above the 0.382 Fibonacci retracement level. As a result that minimum will be our target and its at 4700, as we may see a bullish reaction going closer to the mid-March Fed Rate Decision (in expectations of rate cuts). Technically though, we can see a longer correctional wave to -9.26% (like the Bearish Leg that bottomed on March 13 2023) that could test the 1D MA200 (orange trend-line), or even almost -11.00% (like the one that bottomed on October 27 2023). Notice how each of those potential correction targets are conveniently placed around key Support or Fibonacci retracement levels. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Short
by TradingShot
2
S&P500 Dead cat bounce?The S&P500 index (SPX) is unfolding today the 3rd green 1D candle in a row, having gained back the vast majority of losses sustained last week. The December 28 rejection took place just below the 4820 All Time High (ATH) and as the 1D MACD is printing a sequence similar to the July 27 2023 peak, we expect the price to make a bearish reversal before the week is over. The minimum target on this correction for us is the 1D MA50 (blue trend-line), which currently is at 4580. Throughout this 14-month Channel Up though, the minimum decline % has been -8.06%. So if selling gets accelerated we don't rule out seeing a 1D MA200 (orange trend-line) test at 4450. In order to re-sell though this low, we need to get a candle closing below the 1D MA50 and then sell upon a bounce above the 1D MA50, similar to September 01 2023 and March 06 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXShort
by TradingShot
$SPY top at $472-474 and to bottom below $300If you've been following my ideas over the last few weeks, you'll know that I have a macro bearish view going into next year. I think the market is setup to drop 30-40%+. I know everyone is calling for new highs (Tom Lee, looking at you), but it's not going to happen IMO. We're not in a bull market, this is still just a bullish bounce within a bear trend. I'm not sure what the fundamental catalyst will be that will bring markets down so much... it's hard to ever know before it happens, but there will be something in Q1 that will be very negative for markets. However, until then, I think we have a little bit more upside in SPY as I shared in this analysis (short term view). Essentially, I think we have one more move higher to about $472-$474 and then I think we'll top and start moving lower. I've taken short term calls to express this view w/ expiration 12/29, and after some of the names I bought hit their target, I will start buying long term puts with expirations out to 3/18 and 6/21 2024. Let's see if this plays out over the coming weeks.
AMEX:SPYShort
by benjihyam
8
S&P500 Sell if the 4H MA50 breaks.The S&P500 index (SPX) is turning sideways following the enormous rally of November, which is close to being the best in history. That is a natural technical reaction by the market in an attempt to normalize the largely overbought 1D time-frame. This sideways trade that indicates a potential exhaustion, is complimented by the Bearish Divergence on the 4H RSI, which would justify a technical pull-back. The very same Bearish Divergence was last seen during the late July peak formation. The structures overall between now and July are quite similar, starting with a Cup bottom and peaking when the curve flattened. Our sell signal confirmation is a break and 4H candle closing below the 4H MA50 (blue trend-line). In that case, we will target the 0.5 Fibonacci retracement level (as on August 03) at 4465. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
S&P500: Channel Up is holding on 4H.The S&P500 maintains its steady uptrend since the October 27th bottom, inside a Channel Up pattern. This (on a projected +7.15% 2nd bullish wave) targets above the R3 July 27th High (TP = 4,650). Being however overbought on the 4H technical outlook (RSI = 70.276, MACD = 22.060, ADX = 31.456), we will be ready to short if the price crosses under the 4H MA50 and target the 4H MA200 (TP = 4,400). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
S&P500 This trend-line separates bull from more pain.The S&P500 index had a green session yesterday as the price made a Lower Low at the bottom of the Channel Down and seems to be rebounding. Technically that is the bullish leg towards the new Lower High, with the previous being priced on the 1D MA50 (blue trend-line). This Channel Down however, on a 1D RSI basis as well, resembles the August - October 2022 pattern. Both corrections have almost 1 year between them. If the long-term structure that connects them is a Channel Up, then there is more selling ahead, with the potential Support/ long-term Accumulation level being on the 1W MA200 (red trend-line). In October 2022, that level was continuously tested for 2 weeks in a row and held. The bottom of that Channel Down was confirmed after the 4H MA150 (green trend-line) broke to the upside. As a result, a fair guess would be to buy if a break-out above the 4H MA150 (now at 4275) takes place again. If it does, we will buy again and target the standard +20% medium-term rise within this 12 month span (happened 3 times) aiming at 4930 (would make a new All Time High). If the index stays below the 4H MA150, we will wait until the price bounces off the 1W MA200 and buy with 4740 as the target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
1
S&P500 Channel Down bottom buy opportunity.The S&P500 index reached on Friday the bottom of the 3 month Channel Down and today's big (1d) green candles shows us that the Lower Low is most likely priced. Technically this is the most ideal buy entry for a rise towards the top of the pattern. Every top/ Lower High reached at least the 0.618 Fibonacci retracement level. Trading Plan: 1. Buy on the current market price. Targets: 1. 4285 (0.618 Fibonacci level). Tips: 1. The RSI (1d) made a Double Bottom and rebounded, a strong bullish sign. Pay attention to the Falling Resistance, you may want to book the profit earlier on a potential rejection there. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Long
by TradingBrokersView
S&P500 Channel Up trades depending on the 4hour MA50.The S&P500 / US500 is trading inside a larget Bearish Megaphone pattern, which is rising lately to price a Lower High on the Falling Resistance. This creates the potential for two Channel Up patterns, a dotted one more aggressive and a dashed one less aggressive. The determining factor is the 4hour MA50. So far it is holding and favors the more aggressive version. Buy and target 4450 (Falling Resistance). If it breaks, buy for a second time near the bottom of the less aggressive Channel Up and target 4440 (Falling Resistance). A triple straight Bullish Cross on the 4hour MACD is a strong indication of a bullish trend, that's why we use a double buy entry approach. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
3
S&P500 Strong MA200 (4h) rejection.S&P500 has had a strong rejection on the MA200 (4h) level today. It happened after it rose by +4.70% from last week's low, the same degree of rise as the September 1st Lower High did. Since the pattern is a Falling Megaphone, selling is prioritized. Trading Plan: 1. Sell on the first green (4h) candle. Targets: 1. 4300 (-2.40% decline like the September 7th pull back). Tips: 1. The RSI (4h) remains on a Rising Support. Breaking under it validates the sell. 2. Breaking over the MA200 (4h) on the other hand invalidates it. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Short
by TradingBrokersView
2
S&P500: Megaphone bottom buy.The S&P500 is technically oversold on the 1D timeframe (RSI = 32.251, MACD = -54.210, ADX = 44.088) but is gathering some bullish momentum on 4H (RSI = 41.446) as the price hit the 1D MA200 and bottom of the Megaphone to form a LL. In addition, it hit the 0.5 Fibonacci level from March's low. This has high chances of evolving into a technical LH rebound, especially with the 4H RSI on a Bullish Divergence. If it holds, we are long, targeting the 4H MA200 (TP = 4,375). If it fails, we will short, targeting the 0.618 Fibonacci level (TP = 4,115). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
1
The SPX, Relief-Rally Incoming, Resistance Remains Present!Hello, Welcome to this analysis about the S&P 500 Index and the 2-hour timeframe perspectives. Recently the index managed to bounce initially in the structure in the 1400-EMA marked in red in my chart and is forming this main bull-flag-formation in the structure marked in blue from where an initial relief rally is now positive as the FED also firstly stopped with increasing interest rates. When the Index the next time manages to breakout out of the bull-flag-formation above the upper boundary this will setup the further impulse into the upper boundary nevertheless the index in this case still has a strong resistance-cluster marked in my chart where several crucial resistances are coming together. Paired with this remaining resistance and the FED potentially taking up increasing the interest rates again as well as decreasing the massive balance sheet this can lead to a pivotal pullback and in this case it will be highly decisive on how the Index reacts to the remaining resistance. If the index pulls back heavily off the resistance this can lead to a bearish continuation to the downside otherwise when the Index manages to remain in the structure and build up above the bull flag this can potentially also indicate a breakout above the upper boundary of the channel, for now it is necessary to await these major developments before moving to further conclusions. In this manner, thank you for watching the analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
11
S&P500 Normal consolidation within the large Channel Up.S&P500 / US500 is highly volatile these first two weeks of September, trading sideways on a relatively wide margin, using the 1day MA50 as the pivot. As long as the 1day MA100 supports, this is a similar consolidation that we witnessed after the market's prior bottom inside the 11 month Channel Up. Both the 1day RSI and MACD indicate that we might be halfway through the consolidation phase. This volatile trade is far from alarming for the long term, with the 1day MA200 conveniently placed on the Channel's bottom. We may see the rally taking off at the end of the month. It is a good opportunity to buy and target 4770 (Fibonacci 1.618 extension as the June 16th High). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500
by TheCryptagon
10
S&P500: Formed new bottom. Expecting a rise.The S&P500 index has hit the 0.382 Fibonacci level after a 4H Golden Cross that turned the 4H technical outlook bullish (RSI = 59.782, MACD = 9.210, ADX = 36.280). As mentioned before, this is the same fractal of December 2022 to January 2023. Holding the 0.382 was key to sustaining a rise to the 1.236 Fibonacci extension. We remain bullish on S&P500, targeting the current 1.236 Fibonacci (TP = 4,670). 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
5
S&P500 Rising Wedge is forming a bottom. Bullish.S&P500 / US500 is trading sideways as it attempts to form a bottom on the Rising Support of the Rising Wedge pattern. The 4hour RSI rebounded from the oversold territory as on the August 18th bottom. Every Higher High on the Wedge's top was a Fibonacci 1.618 extension from the previous one. Buy now and target 4598 (Resistance B), which is slightly under the next Fibonacci 1.618 extension. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Long
by TheCryptagon
10
S&P500 Buy signal within the Bullish Megaphone.The S&P500 index (SPX) is attempting to stage a rise after hitting the bottom of the Bullish Megaphone. This is after the formation of the Golden Cross on the 4H time-frame, the first such pattern since March 31. In addition, the 4H MACD just formed a Bullish Cross below the 0.0 level. This is a strong combination of bullish signals for the medium-term. As long as the Higher Lows (bottom) of the Megaphone hold, we are bullish, targeting 4640 (Resistance 2). If it closes a 4H candle below the Higher Lows, we will close the buy and open a sell instead targeting the 1D MA100 (yellow trend-line) at 4375. If after an initial rebound, it gets rejected on either the 4H MA200 (orange trend-line) or 4H MA50 (blue trend-line), we will re-sell and target the 1D MA200 (red trend-line) at 4220. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
4
THE S&P 500, IT IS JUST THE BEGINNING!!!Hello, Welcome to this analysis about the S&P 500 and the daily timeframe perspectives. In the recent days and weeks, major developments have been encountered within the financial markets and it is just the beginning of a huge disruption in the financial sector like it has not been seen in a load of time. The corona crisis was just the beginning and the start of what will come in the next times, in such a shacky environment it is necessary to consider that businesses that moved well over the last years will be crucially tested and that it will be a task of selection finding the right opportunities in the market and for businesses to move forward in this environment. Therefore, also in such an uncertain dynamic, there can be good profit chances to move forward with nevertheless it is pivotal to do see the underlying bearish disturbances going on and how to rightly measure the risks and rewards. In this case, now I detected the developments going on and what should be expected in financial markets in the times to come. Fundamental Aspects: For almost over 40-years the economy is facing increased inflation accelerated to over 8.50% as the floods of money printed during the corona pandemic caused significant rises in prices together with personal savings that were held during the corona pandemic and the uncertainty it brought and now are moving into the market causing prices to move higher. Taking this into consideration the FED already increased the interest rates and is likely to continue so however, this rate increase development is coming too late as the rates need to be increased in such a manner that they are actually significantly tackling inflation. In this development, many tech stocks such as GOOGL, AMZN, or AAPl together with pivotal stocks from other sectors already declined heavily, the same development holds true for indices within the market. If the rate hikes move on further as declared together with the decreasing FED balance sheet the fundamental dynamic is pointing to a continuation of the bearish development. Technical Aspects: As when looking at my chart we can watch there how the S&P 500 is building this massive head-shoulder-formation, in fact the S&P 500 already completed a smaller head-shoulder-formation on its top which already completed and reached out the targets, this increases the likelihood that this bigger head-shoulder-formation also completes in combination with the fundamental factors. The left shoulder and the head have been already completed and as the S&P 500 now also emerged with heavy increased bearish volatility the right shoulder is likely to complete next within the near future. Furthermore the S&P 500 broke below the decisive 400-EMA marked in my chart in red, this EMA has not been broken since the Corona-Crash-Crisis in May 2020 showing the significance of this breakout below the EMA and adding to the bearish scenario. The whole formation will be complete as shown in my chart with the breakout below the neckline, from there on the targets at 3550 will be activated, depending on the situation then it shouldn't be kept from the desk that this will not be the final bottom. Upcoming Prospects: Taking all these factors into the consideration the possibility is high that turbulences within the market are not yet stopped, as many major stocks already showed up with heavy declines this can also lead to declines within the other stocks which is displayed in the indices such as the S&P 500. Furthermore, the ongoing tension are just another factor in the FED deciding and staying with the decision to increase the interest rates further in the next times. In such a development it is crucial to look for alternatives or stocks that are undervalued. As historically speaking in situations in which the stock market declines precious metals such as Gold or Silver showed gains and anticyclical movements into the bullish direction this can also be the case now. Cryptocurrencies did not yet faced a major recession or depression besides of the Corona Crisis in which everything crashed, however with Cryptocurrency, it can be similar to precious metals that it is moving anticyclical to stocks. For the next times it will be determining on how the S&P 500 moves into the head-shoulder-target and how the situation has been evolved then. In this manner, thank you for watching the analysis, all the best!
SP:SPX
by VincePrince
11
S&P 500, Stock-Market-Declines Not Yet FINISHED!Hello, Welcome to this update-analysis about the S&P 500 Index. Now we are looking at the more global 2-day timeframe perspectives since the main head-shoulder-formation that I mentioned in my previous analysis before already completed and reached out to the lower targets in the structure already the more global perspective also got affected by this dynamic. The economic view for the stock market has accelerated negatively since the bearish declines emerged as the FED is looking to decrease its balance sheet, stop asset purchases, and possibly increase interest rates over the course of 2022 as announced. This economic view is bearing a bearish sentiment and as looking on the 2-day timeframe perspectives the technicals point toward the same as seen in my chart the Index is forming this massive head shoulder formation with the left shoulder and head already completed. Now as the Index approaches several upper resistances given by the volume profile resistance area, the descending resistance line together with the 20-EMA as resistance which was previously support and a local resistance given by price action there is a high likelihood given that the Index pulls back from here to complete the whole formation with a breakdown below the neckline which will cause further bearish declines to accelerate. In this case, the Index will activate the lower target zone as seen in my chart and from there on the situation needs to be elevated again, if the Index forms another bearish formation in this area a continuation will also not be unlikely, it will be an important journey ahead. In this manner, thank you for watching the analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
11
S&P500 Near the short term top. Sell.Apart from the long term Channel Up since March, S&P500 is trading inside a short term one in the last 10 days. This is much alike the one in April. Both started after a +4.70% rise. Eventually the April fractal pulled back to the 0.5 Fibonacci level and the MA200 (4h). Trading Plan: 1. Sell on the current market price or as close to the Channel as possible. Targets: 1. 4500 (0.5 Fibonacci level and expected course of the MA200 4h). Tips: 1. The (4h) RSI is also forming the same Channel Down pattern as April. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Short
by TradingBrokersView
5
S&P500: Needs one last pullback before a new High.S&P500 is trading inside a narrow Channel Up, loosely supported by the 4H MA50 (RSI = 58.828, MACD = 5.720, ADX = 49.301). This pattern implies a rejection within the 4,605 - 4,620 Zone targeting 4,550. We are looking for a buy there or if S1 (4,527.50) breaks then near the 4H MA200 at 4,485 (also a HL trendline). In both instances our target is the R1 (TP = 4,640). It is important to observe the 4H RSI. The Channel Down's Bearish Divergence can lead it to the S1 Zone, where the stronger buys of June 26th and July 10th occured. This can coincide with the 4H MA200 test. 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
5
S&P500 Short term pull back technically possibleThe S&P500 / US500 touched the 4hour MA50 after the Fed Rate Decision for the first time since July 11th. This isn't a medium term buy signal as the current 2 month Channel Up, has given two strong buy entries lower, on the 4hour MA100. We expect the price to hit it at 4510. Buy there and target the Channel Up Top at 4630 (under Resistance A). The 4hour MACD Bear Cross formation, also hints to a pullback. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Short
by TheCryptagon
9
S&P500 Another buy opportunity on its way to 4640.S&P500 is having a short pull back today after crossing over Resistance 1 (4515). Despite the constant rise, it remains inside both the yellow 4 month Channel Up as well as the wider one from late last year. This bullish wave draws similarities with May-June. Trading Plan: 1. Buy on the current market price. 2. Sell if it crosses under the MA50 (1d). Targets: 1. 4640 (Resistance 2 and top of both Channel Up patterns). 2. 4200 (projected course of the MA200 1d). Tips: 1. The RSI (1d) is trading inside its own Channel Up. A break under it, could be an early sell signal to watch for the MA50 (1d). Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Long
by TradingBrokersView
7
S&P500 has activated a short term, at least, sell sequence.S&P500 has a 3 day bearish streak. Both medium and long term patterns are Channel Ups. The medium term has the MA50 (1d) as the Rising Support and the long term the MA200 (1d). At the moment, it seems that a Megaphone consolidation such as April-May is in order. Trading Plan: 1. Sell on the current market price. 2. Buy at 4310 (bottom of the medium term Channel Up). 3. Sell if a (1d) candle closes under the MA50 (1d). 4. Buy at 4130 (bottom of the long term Channel Up). Targets: 1. 4310 (bottom of the medium term Channel Up). 2. 4640 (Resistance 2). 3. 4130 (bottom of the long term Channel Up). 4. 4640 (Resistance 2). Tips: 1. The RSI (1d) is exactly at the bottom of its Channel Up. A break under it, is a sell confirmation. 2. There have been two -9% corrections since December 2022. A new one would push the price straight to the MA200 (1d) which is intact since March 24th. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Short
by TradingBrokersView
5
S&P500 Short term sell signalS&P500 is pulling back after the March Channel Up topped on an overbought RSI (1d). The MA50 (1d) has been intact since March 29th and is the support of this strong uptrend. Trading Plan: 1. Sell on the current market price and/ or the June 16th High. 2. Buy on the bottom of the Channel Up at 4310. 3. Sell if the price closes a (1d) candle under the MA50 (1d). Targets: 1. 4310 (bottom of the Chanenl Up). 2. 4640 (Resistance 2). 3. 4110 (bottom of the long term Channel Up). Tips: 1. The RSI (1d) is on a Channel Up indicating that the momentum on a 3 month basis remains bullish. If it breaks below, it will confirm the sell signal. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Short
by TradingBrokersView
15