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S&P500 Ichimoku turned red but is it a bearish signal?S&P has been trading within a long-term Channel Up ever since the aggressive rebound straight after the November 2020 U.S. elections. Today the price just hit the bottom (Higher Lows trend-line) of that Channel. There are two high probability scenarios arising after September's pull-back: a) This pull-back is similar to late February - early March 2021 (both on -6% pull-backs that hit the bottom of the Channel Up. b) It is similar to the October 30 2020 bottom itself (elections low) as they both broke below the Ichimoku Cloud. In fact the last two times before today that the Ichimoku indicator turned bearish was on December 02 2020 and October 29 2020. On top of that the 1D RSI is on a bullish divergence as its been on Higher Lows since Sept 20 while the price is on Lower Lows, indicating that the selling might be getting weaker. If SPX materializes one of those scenarios then we may expect first 4688 and then 4826 by December which is the 1.5 and 2.0 Fibonacci extensions respectively, as both of those a) b) patterns reached those extensions. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
3
SPX INDEX, Head-Shoulder- And Ascending-Wedge Completion!Hello, Welcome to this analysis about the S&P 500 Index and the 4-hour timeframe perspectives. In recent times the Index pulled back heavily after forming the 4540 and now rebounded to form an initial relief-rally, nevertheless, there is still an increased bearish edge underlying that should not be kept by the side here. On a fundamental basis the real economy is still damaged by the corona crisis and what we have seen in the recent moves to the upside is an overvaluation moving above the normal healthy valuations. This is why these developments are likely to bring the fuel for a correction and acceleration of bearishness. In this case now I discovered all the important levels and upcoming determinations we need to consider. As when looking at my chart we can watch there that the Index has formed two main formations in the structure, the first formation is still massive ascending-wedge-formation with the coherent wave-count within completed and the breakout to the downside emerged, the second formation which already begun to develop with the forming of the ascending-wedge-formation simultaneously is the head-and-shoulders-formation of which the left shoulder and the head already completed and the right shoulder is now about to finalize with the Index directly moving into this massive resistance-cluster marked in red where several resistances coming together consisting of the 65-EMA, the horizontal resistance, and the lower-boundary-resistance. This is why a pullback from this area is highly likely and should be expected, the Index then has a high possibility to continue with the right-shoulder-development and complete also the H-S-Formation. Taking all these factors into the consideration now we should expect the head-and-shoulder-formation to finalize within the upcoming times, this will happen when the Index continues bearishly and finally pulls back below the neckline as it is marked in my chart. Such a breakout will be the high potential source of a confirmational-formation that forms below the neckline and which can take the form of a bear-flag or triangle-formation from where the Index follows up and continues bearishly to the downside. The main target-zone, in this case, is within the 4220 Usd level marked in blue from where the situation needs to be elevated anew, when this level does not hold a bearish continuation will emerge below. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
SP:SPX
by VincePrince
5
S&P500 Death Cross formed on 4H. Bottom or more fall?On my most recent S&P post, I've written about the indicators that were pointing towards a correction: The correction eventually took place as the MACD formed a clear 'peak pattern', that was present at both the May 10 and July 13 tops. However this time the price has broken considerably below the 1D MA50 (yellow trend-line) and has so far stopped on the 4350 Support (August 19 low). What stands out this time was the formation of the Death Cross (when the MA50 (blue) crosses below the MA200 (orange)) on the 4H time-frame. Even though this is typically a bearish pattern, last time it formed (May 19) it actually had the opposite effect as it marked a bottom. The MACD is also on its first Support. Does this mean that S&P500 is at a bottom? Very likely but we also have to consider for added volatility ahead of Wednesday's Fed meeting. Every time a bottom was formed, the Previous High was reached shortly after. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
6
S&P broke the 4H MA50. Starting the correction.Pattern: Channel Up on 4H. Signal: Sell as the price broke below the 4H MA50 (blue trend-line) for the first time since August 20. Also the price action and the MACD is similar to the July 15 consolidation which also led to a pull-back below the 4H MA50. Target: The 1D MA50 (yellow trend-line), which has been the target of all corrections within the 12 month Channel Up. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> GJMRealEstate --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Short
by TradingShot
3
S&P500 1D RSI hit Resistance. Pull-back imminent.S&P500 has been trading within an almost 1 year long Channel Up ever since the U.S. elections. The pattern has been quite consistent especially in "buy the dip terms" as every hit on the 1D MA50 (blue trend-line) has been an optimal buy level for so long. That has been the strongest aspect of my strategy, last time I shared it was on July 19: Right now the index is not on the 1D MA50 but there is a pattern that has given accurate "sell the top" signals also: the RSI on the 1D time-frame. As you see on the main chart, every time the RSI hits (or marginally approaches) the 70.000 Resistance level, it marks a top and waves a sell signal. Naturally I expect the continuation of this pattern with a pull-back to the 1D MA50, where new buys can be placed. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> vychod --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Short
by TradingShot
3
S&P500 healthy pull-back for bullish continuationPattern: Channel Up on 4H. Signal: Buy on the next pull-back to the 4H MA50 (blue trend-line). This buy signal has been consistent since June 01, appearing 3 times. Target: The 0.786 Fibonacci retracement level. Most recent S&P signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999 --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
1
S&P500 Is it getting ahead of itself?The index has been trading within a Channel Up since the November 2020 elections. The barometer has always been the 1D MA50 (blue trend-line) mostly, where the majority of buy accumulation has been taking place. The Ichimoku Cloud is second. What we see now is the price trading very close to the Higher Highs trend-line and although it can break the 4,400 - 4,420 zone and trade just under the Higher Highs trend-line for a long period of time (like Nov 2020 - Jan 2021 and April 2021 - May 2021), it is best to stay focused and use the long-term perspective as a guide. The RSI offers a good viewpoint as well, especially in terms of the consolidation near the Higher Highs, but it also has a clear 1 year Buy Zone and that is within 43.000 - 35.000. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Ether2020 --------------------------------------------------------------------------------------------------------
TVC:SPX
by TradingShot
3
S&P500 March/ April fractal points to above 4450This is something I've also pointed out a month ago but after last week's rebound on the 1D MA50 (blue trend-line) it got even clearer. S&P seems to be replicating the March/ April fractal where after a break-out above the Resistance Zone (on a 1D MA50 rebound), the price rallied to a level within the 2.5 - 3.0 Fibonacci extension zone. Do you agree that 4450 is a realistic target based on this? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> fract --------------------------------------------------------------------------------------------------------
OANDA:SPX500USDLong
by TradingShot
S&P500 Trading plan ahead of the GDPPattern: Channel Up on 4H. Signal: Buy on the next 1D MA50 contact as the sequence is similar to the May 13-16 fractal. Target: 4330 (the Higher Highs trend-line and symmetrical level since late April). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> StockSwinger --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
2
S&P500 Buy Signal entering the 4H IchimokuPattern: Channel Up on 4H. Signal: Buy as the price has hit the 4H Ichimoku Cloud with the 4H MA200 (orange trend-line) and the 1D MA50 (red dotted line) right below, while the RSI reached the June 03 low. Target: 4280 (top of the Channel Up) and if the Higher Highs trend-line breaks, then extension to 4340 (2.0 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> mused_Aurorah --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
1
S&P500 entering a Golden Decade and no one is paying attentionThis is S&P on the log scale of the 1M (monthly) time-frame. Since the Great Depression, the index has entered a Channel Up that never stopped/ broke to the downside to this date. In particular, I have distinguished this pattern into 3 key landmarks: 1) When the price broke below the 1M MA200 (orange trend-line) but made a bottom on the Higher Lows trend-line of the Channel Up (the end of a Bull Cycle). 2) Then it crashed violently in a day or a few days (Black Monday-October 1987 and COVID crash-March 2020) and hit the 1M MA50 (blue trend-line). 3) The Hyper Cycle Peak just below the 1.5 Fibonacci extension level (end of the DotCom Bubble). As you see the two eras are identical. And what is more interesting is that the 1M MA50 crashes seem to serve as the middle of each Hyper Cycle making the start - middle with the middle - end fairly symmetrical. At least that appears to be the case for 1974 - 1987 (roughly 4750 days) and 1987 - 2000 (roughly 4700 days). So if we are currently in an identical Hyper Cycle with the March 2020 COVID crash serving as its middle, then then next peak near the 1.5 Fibonacci extension should be roughly as long as the time from the bottom of the Subprime Mortgage Crisis in February 2009 until the COVID crash in March 2020, i.e. 4000 days. That puts the target for S&P500 around 12000 by mid 2031! See also how identical the RSI action is between the two eras as well as the bottom levels on both the 1M MA200 crashes and the 1M MA50 crashes. So if the above data are true and the pattern replicates the former Hyper Cycle, it means that we've just started the 2nd part of it, which is also the most aggressive. This time around the index is closer to the top of the Channel Up than it was after the 1987 crash, which means that if it breaks, there is a chance to approach the 1.5 Fibonacci extension even quicker. Will that mean that we will be looking for the next peak above the 1.5 Fib and closer to the 2.0 Fib? Who knows? But I firmly believe that (especially after the trillion dollar rescue packages and the near zero interest rates globally that seem to be here to stay) we have a new Golden Decade ahead of us for the stock markets and no-one seems to be paying attention as most are focused on overvaluations expecting a new crash. What do you think? Contrary to popular belief, is this the time to go heavy on stocks for one decade and happily retire in the process? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> crypto-strong --------------------------------------------------------------------------------------------------------
Editors' picks
TVC:SPXLong
by TradingShot
77
S&P500 Fractal showing $4255 as targetBoth in terms of RSI/ MACD and the way the price trades on the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line), S&P500 appears to be replicating the late April - early May fractal. After a bottom on the Support, the price rebounded just below the 1.382 Fibonacci extension. That is currently just below 4270. I believe that following tomorrow's Nonfarm Payrolls, as similar price spike will occur. Most recent S&P500 analysis: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007 --------------------------------------------------------------------------------------------------------
CAPITALCOM:US500Long
by TradingShot
1
S&P500 entering the buy zone againPattern: Fibonacci Channel on 1D. Signal: Buy as the price entered the 1D MA50 - 1D MA100 buy zone again. The 1D RSI is on the (Support) similar level that it was on the Jan 29, March 04 and May 12 bottoms. Target: 4350 (the 1.5 Fibonacci extension). Previous S&P500 idea: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> buchi24 --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
3
S&P500 First Buy Signal (medium-term).Pattern: Bullish Megaphone on 4H. Signal: Buy as the price completed a -3% pull-back. Second buy signal when it completes a -6% pull-back as since December every -3% to -6% correction was followed by a rally. Also the MACD hit its 1st Support. Target: 4300 (slightly below the 1.5 Fibonacci extension of the Channel). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
3
S&P500 Bearish Signals forming on 4HPattern: Bullish Megaphone. Signal: Sell as the MACD made a Bearish Cross after the (orange) uptrend Channel broke sideways, in a move similar to February 10 and March 12. Target: 3970 (below the 4H MA100 (green trend-line) as per the previous similar fractals). If the 4H MACD breaks -15.00 then you may extend the selling as low as the MACD Support Zone or just above the 1D MA100 (yellow trend-line). On the longer-term the trend remains bullish until the greater pattern is invalidated and as suggested by the most recent S&P500 signal shown below, it is safer to buy those Megaphone 4H MA100 pull-backs: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> hujianghua --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Short
by TradingShot
8
S&P500 The 4H MA50 is the keyPattern: Bullish Megaphone. Signal: (A) Buy if after the 4H MA50 break-out (blue trend-line), the level holds (as on Feb 02 - 04). If it doesn't, (B) sell towards the lower (-) Fibonacci extensions (as on March 01 - March 04). Target: (A) The 0.5 Fib (rough estimate 4040). (B) The -1.5 Fib (rough estimate 3800). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> jsunde73 --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
2
S&P a scary fractalThe current Channel on S&P500 has reached the Top (1.0) of the Pitchfan on the 1D time-frame while the RSI is on a Bearish Divergence. As you see on the chart, every time a similar pattern has occurred, the hard Pitchfan trend-line (1.0 or the median) rejected the price and SPX broke even way below the 1D MA200 (orange trend-line). Is this "fractal of doom" something to consider? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
TVC:SPX
by TradingShot
26
S&P500 Bullish Break-outPattern: Bullish Megaphone on 4H. Signal: Buy as the price broke above the inner Lower Highs trend-line and is turning the 4H MA50 (blue trend-line) into Support. The RSI is on a Bullish Divergence. Target: 4,040 long-term (the 1.382 Fibonacci extension ). Previous S&P signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
10
S&P500 Buy SignalPattern: Bullish Megaphone on 4H. Signal: Buy as the price just rebounded right above the Megaphone's Higher Lows trend-line. The RSI did the same on its own Support, while the MACD is close to forming a Bullish Cross. Target: 3840 short-term (right above the 4H MA50 as on the Feb 24/ March 01 rebounds) and 4,040 long-term (the 1.382 Fibonacci extension). **Important Note** The 4H Death Cross is theoretically a Bearish Signal but last time was formed right on the bottom: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Cryptorphic --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
4
RSI bullish divergencePattern: Fibonacci Channel on 4H. Signal: Buy as the price made a bottoming Lower Lows sequence similar to that of January 29. Target: 4020 - 4050 (the zone around the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> alanmasters --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
6
S&P500 A buy Signal from the RSI and MACDPattern: Fibonacci Channel on 4H. Signal: Buy as every time the MACD made a Bullish Cross, while the RSI had already hit its 4 month Support Zone, the index rose and made a new High. Last confirmation will be to close one session above the 4H MA50, which has previously been a mid-term Resistance within that Channel prior to a new High. Target: 4000 (just below the 1.382 Fibonacci extension which has been an accurate metric of the next Higher High since December). Most recent S&P500 signal: Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> SocialCryptopreneur --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
5
SPX to $6000?SPX broke over key level and established a new ATH after breaking out of a three years long widening wedge with a measured move to $6000. Will it go to $6000? It does look possible. Take a look at crypto and you can see how extremely bullish the situation is with historically long green monthly candles. The amount of fresh liquidity from the FED is unstoppable and will fuel the rise of all securities. So much certain is the FED policy of sustained growth in stocks that traders took an astronomical amount of option calls never seen before in history. Which begs the question if the FED's job is just to hand over free money to stock and option holders. Answer in my opinion is a NO. The market always does opposite to what majority thinks. Allowing another black swan event will not shake the economy as it is already shaken and the FEDs will step in again to prop it up like in March. You might think that the FEDs are personally invested in stocks and will not allow them to fall. There is an easy remedy to this, puts are conveniently cheap now and FEDs insiders can take them to hedge protect their positions or even make a lot of money since they know when the market will drop (when they turn off M1 money supply, like the test run they did on January 26th) and how deep it will go. Now on the technical side, SPX price action dropped out of the 4 months long rising wedge and reached it's first support from where it bounced to new ATH retesting the rising wedge again for the second time. This pattern of twice retesting a rising wedge is appearing in a lot of charts lately and I will go out on limb to say that the SPX will repeat the pattern and drop. Below is an example of the pattern. Now the possibility of the stock rally continuing is very real, fiscal retardation and the misappropriation of wealth by the very few can overcome any logic. We will react accordingly.
TVC:SPXShort
by nagihatoum
4