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Standardandpoors500

S&P500 and VIX. A tale of two opposites.It's no secret that the stock market and in this particular example, the S&P500 (chart on the left), is negatively correlated to the Volatility Index (chart on the right). What we do want to bring to your attention however is how tightly this correlation has been in the past 12 months with VIX's Falling Wedge having the price on its middle, almost on perfect symmetry with the S&P's Bullish Megaphone. See the recurring sequences within both patterns (tops/ red, bottoms/ greens, consolidations/ blue arcs) and how inversely correlated they are. Right now VIX is headed for its Support where it ends to rebound and consolidate for around 1 month, before sharply declining for a new Lower Low. Similarly we expect the S&P500 to rise some more before peaking for the short-term, then pull-back to consolidate and then stage an aggressive end-of-the-year rally. Can it repeat a +20% rally as the previous 2 rally legs of the past 12 months? Doubtful, but potentially taking profits when VIX bottoms is certainly a good indicator to have in mind. ------------------------------------------------------------------------------- ** 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:SPX
by TradingShot
2
S&P500 That's the longest correction since 2011.More pain ahead?S&P500 (SPX) has been on a correction mode since the week of July 24, completing 13 straight weeks (91 days) of pulling-back without a 50% retracement. As you can see on the charts above, which are on the 1W time-frame, this is the strongest such correction since October 03 2011, which stretched for 21 weeks. Even the recent Inflation Bear Cycle of 2022 had three separate correction phases of no more than 11 weeks. In total since 2011 there have been 12 such corrections (including the current), so we can realize just how long this one has gone without at least a 50% Fib retracement. This may indicate that potentially we are at or near the bottom. On the downside, it did break and close this week below the 1W MA50 (blue trend-line) and the next Support in line is the 1W MA200 orange trend-line) at 3940. Do you think it's time to rebound to the 0.5 Fib or the index 'needs' to technically reach the 1W MA200 first? ------------------------------------------------------------------------------- ** 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:SPX
by TradingShot
9
S&P500 The most important test for a long-term uptrend is now.The S&P500 had a strong rejection on the 1D MA50 (blue trend-line) and made a 3 day bearish streak that brought it today on the verge of testing the 1D MA200 (orange trend-line) yet again. The last time it made a triple test between 4 days October 03 - 06) and managed to close all candles above it. As a result, if the S&P500 is to recover, it is critical to hold candle closings above or at least near the 1D MA200. To get a better perspective of the important of the 1D MA200 during uptrends, it is useful to look at previous such corrections that didn't end up in deeper corrections (Bear phases) but instead extended the bullish trend with rebounds on the 1D MA200. Such recent examples (besides the COVID recovery in 2020) are 2019 and 2018. In 2019 after two 1D candle closings under it (May 31, June 03 2019), the 1D MA200 held multiple times in July and September. Similarly in 2018, only two days (March 23 and April 02 2018) closed marginally below the 1D MA200 in multiple tests. Bottom-line: the index MUST hold the 1D MA200 in order to overcome the 3 month correction since July and resume the long-term bullish trend it has since the start of the year. ------------------------------------------------------------------------------- ** 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
2
S&P500 Giant Cup and Handle completed? 5000 realistic now?The S&P500 index (SPX) has been trading within a Channel Down since the mid-July High. Last week though made a strong reversal on the 1W MA100 (green trend-line) and the 1D MA200, closed the candle in green and is about to do so again for the 2nd straight week today. Ahead of a 1W MA50/100 Bullish Cross (the first in 7 years), this Channel Down can be interpreted as nothing more than the Handle of a Giant Cup and Handle pattern. We can argue that the whole Inflation Crisis of 2022 has been a Cup and Handle with the subsequent market recovery. The breaking of the 1W RSI Higher Lows trend-line indicates on the macro level a shift to a new, less aggressive trend, as the 2023 rally isn't easily sustainable without more fundamental catalysts. As a result, as long as the MA Support Cluster holds, we resume being bullish long-term. Target 1 is 4700 (bottom of the All Time High Resistance Zone) and by Q2 2024 Target 2 at 5000. ------------------------------------------------------------------------------- ** 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:SPXLong
by TradingShot
3
S&P500 Potentially made the biggest rebound of the next 12monthsWe have shown numerous times that the S&P500 (SPX) was in a 2.5 month Channel Down/ corrective move but all within the larger Channel Up pattern, which keeps the long-term trend bullish ever since the bottom recovery last October (2022). Much like that bottom which was formed by the rebound on the 1W MA200 (orange trend-line), 12 months after (October 2023), the index may have just made the most important rebound for another 12-month period. What was the 1W MA200 then, is the 1W MA100 (green trend-line) and 1W MA50 (blue trend-line), which are about to form a Bullish Cross, the first since September 2016. In fact last week's candle hit the 1W MA100 and rebounded immediately, almost closing the body candle flat, leaving a large wick underneath it, an even stronger reversal than even the October 10 2022 1W candle. If that wasn't enough, the index hit (and as mentioned rebounded) the Former Resistance Zone of May 2022 through May 2023. In times of such transitions from a Bear to a Bull Cycle, we see the market technically testing former Resistances to make Demand Zones and turn them into Support levels. On top of that, this week the index just entered into green Ichimoku Cloud territory for the first time since September 05 2022. All this while the 1W RSI bounced off a 18 month Higher Lows trend-line. It is obvious that if this 5-level Support Zone holds, it can extend the 12-month Channel Up pattern to its next Higher High. Assuming a similar to the previous two bullish legs, +20% rise leg will take place, we expect the S&P500 to target 5000. ------------------------------------------------------------------------------- ** 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:US500Long
by TradingShot
8
S&P500 It is very important that this Support Cluster holds.The S&P500 (SPX) is testing the bottom (Higher Lows trend-line) of the 12-month Channel Up pattern. It is vital for the uptrend that the following Support Cluster holds, as if broken, the next Demand/ Support Zone is seen considerably lower, in the low 3800s. Back to the Support Zone. Besides the bottom of the Channel Up, we have the 1D MA200 (orange trend-line) moving parallel to that and has been unbroken since March 24. More importantly, the 1W MA100 (yellow trend-line) a former Resistance turned into Support after May's break-out, is marginally below the 1D MA200 and on a former Resistance Zone, which in the past 18 months, only broken twice. As long as the price closes 1D candles above this critical Support cluster, we expect a short-term (at least) rise to test the top of the Channel Down and the 1D MA50 (blue trend-line) at 4430. If the Support fails, expect a greater and perhaps quicker/ more aggressive decline towards 3830 and the former Support Zone. Notice how the 1D RSI pattern resembles the August - September 2022 correction. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
5
VIX and S&P500 This is why stocks may rise now.Following yesterday's green stock market reaction, we compare on today's analysis VIX (Volatility Index) to the S&P500 (SPX) price action on the 1D time-frame. Our goal is to find clues to how the Volatility Index can affect the stocks. As you can see, VIX is trading within an Ascending Triangle which 2 days ago got rejected on its top (Higher Highs) trend-line. All this while its Lower Highs trend-line since September 2022 (1 year back) sits right above it. At the same time the S&P500 index found the bottom (Lower Lows trend-line) of its Channel Down (while the Higher Lows trend-line since the October 2022 market bottom sits right below) and on first impression appears to be rebounding. Being negatively correlated, the more VIX drops, i.e. market volatility calms/ decreases, the more likely it is for the stock market to rise, at least for the short-term towards the Channel Down top (similarly VIX to the Triangle's Support). In order to see it resume the long-term bullish trend, VIX most likely needs to break its Support. It is not unlikely as the market may respect the long-term Lower Highs (similarly Higher Lows for SPX) and hold it as new rejection point, but for the time being we have to keep our perspective on the short-term patterns (Ascending Triangle and Channel Down respectively) until shown otherwise. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:VIXShort
by TradingShot
4
S&P500 Entered the 2 year High Supply/Demand Zone. Will it hold?Time to leave the short-term charts for S&P500 (SPX) aside and look again at the long-term ones as the price failed last week to recover the 1D MA50 (blue trend-line) and is extending this week the decline towards the 1D MA200 (orange trend-line). ** Higher Lows and 2-year Supply/ Demand Zone ** It hasn't yet hit the Higher Lows trend-line that started on the October 13 2022 market bottom but has entered a 2 year High Supply/ Demand Zone, which has acted as the strongest Pivot Belt since October 2021, with 4 registered holds (green arrows) and 4 rejections (red arrows). It is clear that the market considered it a key during the previous Bear Cycle as well as the Bull Cycle. ** Inflation Crisis vs Subprime mortgage Crisis ** As you can see on the chart, we compare this Inflation Crisis price action with the bottom and subsequent recovery of the Subprime mortgage crisis in 2009 - 2010. The curved bottom on the 1D RSI suggests that we are so far aligned to a certain extent with the first susbtantial correction of the recovery which on May 06 2010 hit (and breached) the 1D MA200. The bottom was priced 2 months later on the 0.382 Fibonacci retracement level. ** So what now? ** The 0.382 Fibonacci on today's sequence is on 4185, marginally above the bottom of the Pivot Zone and almost where the 1D MA200 is currently. This presents us with the probability that if the Higher Lows fails and the 1D MA200 breaks, the market has high chances to consider the bottom of the 2-year Pivot Zone as a High Demand level again. If that happens, we will be buyers for as long as 1D candles close above the bottom of the Zone. Based on the 2009 - 2010 price action, it can rise towards the -0.236 Fib ext and reach the 4820 All Time High (ATH) by Q2 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
6
S&P500 Ascending Triangle giving a bottom buy signal.The S&P500 index (SPX) gave us last week an accurate quick buy signal (see chart below) but then got sold-off to a new 3-week Low: The price hit yesterday during that sell-off the bottom (Higher Lows trend-line) of the Ascending Triangle pattern that is in place since the August 04 High (which created its 4540 top/ Resistance). This is a short-term buy signal and will be confirmed if the 4H MACD completes the emerging Bullish Cross. The immediate Resistance is the 4H MA50 (blue trend-line) - 4H MA200 (orange trend-line) Zone and the short-term is the Lower Highs trend-line since the September 01 High. That will be our target, aiming at a +1.77% rise (proportionally less than the previous) at 4490. ------------------------------------------------------------------------------- ** 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
1
S&P500 Short-term buy within the weekly Channel Up.The S&P500 (SPX) hit today the 1H MA200 (orange trend-line) for the first time since September 06, which was before the current 5-day Channel Up pattern. So far it delivers an initial rejection, whose pull-back can extend even below the 1H MA50 (blue trend-line). Based on the 1H RSI though, which is posting a sequence similar to September 07 - 08, we are close to the reversal point, making it already a buy opportunity. You can confirm that after the price closes a candle above the 1H MA200. Regardless, our target is at the end of a +1.27% increase and the top of the Channel Up at 4500. ------------------------------------------------------------------------------- ** 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
3
S&P500 Huge buy signal confirmedFollowing last week's buy signal (chart below) on the S&P500 index (SPX), we shift our attention on the 1W time-frame where the new long-term buy signal has just been confirmed: As you see, the price closed above the 1D MA50 (red trend-line) yesterday, invalidating any bias for further decline and confirming the resuming of the long-term bullish trend within the Channel Up pattern since the October 2022 bottom. The 1W RSI rebounded exactly on its Higher Lows trend-line, giving a strong bottom signal where previous rebounds have been completed at least a +9.85% rise. As a result, we update our long-term target to 4750. ------------------------------------------------------------------------------- ** 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
S&P500 Target achieved. Now looking for a rebound.The S&P500 index (SPX) hit our 4350 Sell Target that we set on last week's idea (see chart below) and immediately started a two day rebound: This rebound is taking place just above the 1D MA100 (green trend-line), with the 1D MA50 (blue trend-line) as the Resistance. We've mentioned countless times that the long-term pattern is a Channel Up since the October 13 2022 market bottom and this rebound is taking place after the 1D RSI hit the 33.30, which was the level where the March 13 bottom was priced. As a result, the current level is a strong candidate for a new long-term buy, targeting 4640 (March 29 2022 High), despite the fact that the previous two correctional waves to a Lower Low declined at least by -9.00%. The bullish confirmation will come when the 1D MACD makes a Bullish Cross. It just touched the top of its 9 month Support Zone. If however the price closes a 1D candle below the 1D MA100, we will add a sell for short-term profit, targeting the 1D MA200 (orange trend-line) at the bottom of the Channel Up at 4220 (just above a projected -9.00% decline) and then add a second (and final) buy that will naturally target 4640 as well. ------------------------------------------------------------------------------- ** 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
S&P500 On the 1D MA50 after 3 months. Will it hold?Last week we gave a sell continuation signal on the S&P500 index (SPX) after the price failed to break above the short-term Resistance of 4H MA50 (see chart below): As the price hit the 1D MA50 (blue trend-line) last Thursday for the first time in 3 months, the index found its first long-term Support level. Along with being near the bottom (Higher Lows trend-line) of Channel Up 2 (dotted pattern within the multi-month Channel Up 1), we can attempt the first buy position again and target 4640 (March 29 2022 High). This is a similar situation as May 24 and May 04 (blue circles). If a 1D candle closes below it though, we will be quick to take the loss and sell the break-out towards the 1D MA100 (green trend-line) at 4350. That is the second long-term Support level, which if broken opens the way for the final one, the 1D MA200 (orange trend-line). The most optimal long-term buy entry will be if the 1D MACD makes a Bullish Cross within the 2023 Support Zone. Potentially that could be near the 1D MA200 and the bottom (Higher Lows trend-line) of Channel Up 1. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
3
S&P500 Still bearish unless the 4H MA50 breaks.The S&P500 index (SPX) is within a corrective wave in the form of a Channel Down, which may have found a Support on the 4H MA200 (orange trend-line) but as long as it trades below the 4H MA50 (blue trend-line), it remains bearish. As a result our target is 4430 on a potential contact with the 1D MA50 (red trend-line). If however it closes a 4H candle above the 4H MA50, we will buy instead and target 4600 (just below Resistance 1). The 4H RSI Higher Lows (which is a bullish divergence in contrast to the Lower Lows of the Channel Down), favor this scenario. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Short
by TradingShot
1
S&P500 This new Channel Up can lead it to the All Time High.The S&P500 (SPX) index has been rising non-stop and appears not to be influenced by yesterday's Fed Rate Decision. The price reached however the top of Channel Up 1, the pattern that has been driving the price action since the October 13 2022 Bear Cycle bottom. This calls for a technical pull-back similar to the December 01 2022 and February 02 2023 Higher Highs, however that can only be confirmed after the 1D RSI breaks below its Higher Lows trend-line, which is exactly what happened on those fractals. Until then, and as long as the 1D MA50 (blue trend-line) is supporting (has been unbroken since March 29), the more recent Channel Up 2, can lead the price to the 4820 All Time High (ATH) of January 04 2022. Of course before that Resistance 1 (March 29 2022 High) is present at 4640, so since Channel Up 2 is also on its top (Higher Highs trend-line), we can consider a Megaphone (sideways) consolidation, similar to what took place in April. As long as its hits the 1D MA50 and rebounds, we will be bullish, targeting 4820 on the new bullish leg (green arc). On the other hand if the index does close a 1D candle below the 1D MA50 and the 1D RSI breaks below its Higher Lows trend-line, we will sell and target the 1D MA200 (orange trend-line) at 4250. ------------------------------------------------------------------------------- ** 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
1
S&P500 Short and medium term sell potentialS&P500 (SPX) made a yearly High last week and a Higher High on the Channel Up pattern that started on the October 13 2022 market bottom and guided the market out of the 2022 Bear Cycle. This Higher High opens up two sell possibilities one on the short and one on the medium term. The short term indicates that a Megaphone pattern similar to April 04 - May 04 is emerging that targets the 1D MA50 (blue trend-line) as part of its Lower Low. That would also test the Internal Higher Lows trend-line, so it makes sense to short and target 4320. This is where we will attempt a medium-term buy targeting 4640 (March 29 2022 High) but will only hold it as long as candles keep closing above the 1D MA50. If even one 1D candle closes below, it will activate the medium-term sell possibility and we will sell targeting the 0.5 Fibonacci retracement level towards the 1D MA200 (orange trend-line) as well at 4150, similar to December 22 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Short
by TradingShot
5
Is the lagging S&P500 a better buy option than Nasdaq?Nasdaq's (NDX) incredible run (left chart) since the start of the year (+37%) has seen the index break above the Last Lower High of the Bear Cycle (13730) while at the same time avoiding a Death Cross on the 1W time-frame in epic fashion. It even broke above the RSI Resistance of the price's ATH (when the index was on its All Time High). At the same time, the S&P500 (SPX) is obviously lagging behind (right chart) as not only the RSI is below its ATH Resistance but the index itself is only now approaching the Last Lower High of the Bear Cycle. The question is, can the S&P500 be a better buy opportunity than Nasdaq since it is underperforming. Well being overperforming doesn't necessarily mean that Nasdaq is overvalued. Investors clearly thought at the start of the year that the technology sector would fuel the economy out of the 2022 inflationary Bear Cycle. However, it is also clear that the S&P has three target ahead of it (Last Lower High, First Lower High of Bear Cycle and the ATH), while Nasdaq two. In % terms, a ATH hit for the S&P500 from the current level would be a +12% rise, while for Nasdaq a 14.50% rise. Not that big of a difference on long-term terms and that has a lot to do with the fact that Nasdaq declined more that -37% during the 2022 Bear Cycle, while the S&P500 -27%. As a result, any buy between the two would be justified, even though a good pull-back on NDX would be more appealing to buy and couldn't be overlooked. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDX
by TradingShot
12
This signal on VIX can sustain the S&P500 rally.We don't often look at VIX but the times we do, it never fails to offer valuable insight regarding the long-term factors on stock indices trends. Since March, may have left wondered why the S&P500 (blue trend-line) has took off so considerably without any meaningful pull-back. Well despite the prevailing fundamentals surrounding the market overall, VIX (candles) has considerably calmed down, meaning that the market volatility has decreased, something that accelerated in early April when it broke below a Higher Lows trend-line that was holding for 5 years (since the November 2017 bottom). This is a strong reason that keep adding fuel to this S&P500 rally and can continue to sustain it for as long as VIX declines. In fact the last time we saw VIX breaking below such a strong long-term Higher Lows trend-line was in July 2009, four months after the bottom of the 2008 Housing Crisis. The index has started its long-term recovery into a historically long and strong Bull Cycle and every spike on VIX was a medium-term pull-back on the S&P500 and a buy opportunity. This fractal similarities is additional proof that the index is decisively past its 2022 Bear Cycle and is most likely starting a new multi-year Bull Cycle. If you are a long-term investor, pay attention to VIX's spikes in order to take advantage of medium-term buy opportunities. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:VIX
by TradingShot
7
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
S&P500 Closed above the 1W MA100 after almost 300 days.Major bullish signal for the S&P500 (SPX) as it closed a 1W (weekly) candle above the 1W MA100 (green trend-line) for the first time since the week of August 15 2022. That was the weekly candle that formed the next Resistance 1 in line, the 4330 level (Aug 16 High). The 1W RSI has already broken above its Rising Wedge since two weeks ago and the 4330 Resistance 1 test seems inevitable. That will be the final barrier before testing the 4640 level of Resistance 2 (March 28 2022 High). Needless to say, the index is long past the Bear Cycle, having broken above the Lower Highs trend-line, with the 1W MA50 (blue trend-line) in Support. The target of the Inverse Head and Shoulders pattern (Fibonacci 2.0) is marginally above Resistance 2. ------------------------------------------------------------------------------- ** 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 Rising Wedge's short-term pull-back to the 1D MA50The S&P500 index (SPX) gave us the expected pull-back and buy entry within the Rising Wedge as per our last week analysis (chart below): The long-term structure is a Channel Up, so plan your trades in case of a Rising Wedge break-out. On the short-term, we expect the price to pull-back to the 1D MA50 (blue trend-line) and the bottom of the Rising Wedge at 4140. As long as the pattern holds, buy and target the top at 4250. If the top of the Wedge breaks, target 4295m just shy off the long-term Resistance of 4327 (August 15 2022 High). We will sell on the medium-term only if the price breaks below Support Zone 1 and target the 1D MA200 (orange trend-line), above Support Zone 2 and at the bottom of the long-term Channel Up. The 1D RSI Triangle pattern can give an early signal with regards to the direction in case of a break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
7
S&P500 New Bullish Cross can take it higher.The S&P500 index (SPX) hit last week our long awaited 4190 target, a level we set 2 months ago (see idea below): That trade was taken right before the 1D MACD formed a Bullish Cross, the 2nd within the long-term Channel Up pattern. Last Thursday, the index completed the 3rd Bullish Cross of the Channel Up and continues to rise within a shorter term Rising Wedge. With the 1D MA50 (blue trend-line) intact as a Support since March 29, and the price breaking above the (former) 4195 Resistance, we remain bullish and will buy again: a) if the price pulls back near the bottom of the Rising Wedge and target 4250 or b) if it closes a 1D candle above the Rising Wedge and target 4280 (top of Channel Up). Similarly, we will sell the break-out if it closes below the 1D MA50 and target the bottom of Support Zone 2 and the Channel Up (Higher Lows trend-line) at 3950. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
3