Get started

Standardandpoors500

S&P500: No LazybonesDespite the holiday in the United States, S&P500 has not been lazing around but has climbed into the middle white zone between 4156 and 4224 points. There, the index should finish wave (3) in white and subsequently start a countermovement into the lower white zone between 4076 and 3999 points. After it has completed wave (4) in white in this region, S&P500 should turn around and head for the upper white zone between 4332 and 4400 points to finish wave (5) in white. However, there is a 38% chance that the index could break through the bottom of the lower white zone, fall below the support at 3855 points and drop into the magenta zone between 3788 and 3683 points.
CME_MINI:ES1!
by MarketIntel
S&P500 First MACD Bullish Cross formed since March 15The S&P500 index (SPX) has been trading within a Channel Down ever since the January 04 2022 All Time High (ATH). Recently (May 20) it hit the Lower Low (bottom) trend-line of the Channel for the third time (Jan 24 and Feb 24 the others) and rebounded reaching the first Fibonacci extension (0.236 Fib). Perhaps even more important than the dynamics that a rebound on the Lower Lows trend-line creates is the fact that the MACD on the 1D time-frame has just made yesterday a Bullish Cross. That is the 4th time within this pattern we see this pattern forming. All previous formation have kick-started rises (+8.90%, +7.50% and +12.00% respectively in chronological order). As a result, a minimum of +7.50% rise would see the index hit roughly 4090 and the 0.5 Fib, while a maximum of +12.00% would get it to around 4275 and the 1D MA50 (blue trend-line). A break below the recent Lower Low though may be enough to push the price even lower to the 2.0 Fib extension around 3630. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
5
S&P500 Imminent 1D Death Cross. Bullish or bearish historically?The S&P500 index is ahead of a Death Cross on the 1D time-frame that can't be avoided. This is technically a very bearish formation, which is formed after a series of selling and suggests that more is coming. Reality though may be different some times, especially in the stock markets, so let's see how this signal has traded historically. As you see on this 1D chart, since 2015, there have been four Death Cross formations. Three took place on or after the index has formed a bottom and only once (December 03 2018), did the price broke (much) lower to form the bottom. What is common in all occurrences and may help at identifying if the current Death Cross has formed a bottom or will break lower, is the RSI indicator. When the RSI respects its Higher Lows (bullish divergence with the price that is currently on Lower Lows), then the bottom is in. On December 14 2018, that trend-line broke and that was when SPX collapsed to a new Low. Interestingly enough, during that correction, the price dipped to -20%, a repeat of that would place the current bottom around 3850. We can even go further back with the chart below, after the 2008 subprime mortgage crash, to see that the 1D Death Crosses of July 2010 and August 2011, also marked the bottom (slight lower low in 2011 but is negligible), instead of a fall to a new Low. So to sum it up, the 1D RSI is so far holding its Higher Lows trend-line. That is an early indication that the bottom will be in when the Death Cross forms, probably by early next week. Are you buying already or waiting to see if the RSI Higher Lows break first? Let me know in the comments section below! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
TVC:SPX
by TradingShot
10
SPX - SPX shows similarities with NDXThe S&P 500 Index trades approximately 7% below its all time high value that it reached on 4th January 2022. Volatility of the index fell sharply in the last three days which supports the notion that selling pressure has cooled off tremendously. Because of that we are growing increasingly bullish on SPX. This view is also supported by bullish developments taking place on the daily time frame. However, due to quickly changing conditions in the market and upcoming rate hikes by the FED we remain very cautious. We think interest rate hikes pose a substantial threat to further rise of SPX in the medium-term and long-term. Technical analysis - daily time frame RSI strives to break its bearish structure, similarly like on the NQ1!. Stochastic is bearish at the moment. MACD points to the upside which is bullish, however, it still remains in the bearish territory. DM+ and DM- show bearish conditions in the market. ADX moves sideways which suggests the prevailing trend is not gaining strength but also not losing it. Overall, the daily time frame is less bearish than a week or two weeks ago. Although, the daily time frame shows mixed conditions. Technical analysis - weekly time frame Stochastic points to the upside which is bullish, however, it continues to oscillate in the bearish area. RSI started to flatten which is bullish. MACD, DM+ and DM- remain bearish. ADX exhibits growth which suggests the bearish trend is gaining strength. Overall, the weekly time frame is neutral. Support and resistance Short-term support sits at 4 364.84 USD and short-term resistance at 4 595.31 USD. Support 1 lies at 4 222.62 USD while major resistance can be found at 4 818.62 USD. Please feel free to express your own 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 serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
SP:SPXLong
by Tradersweekly
8
U.S. stocks crashing? If so which currencies to trade?Last week was a very painful one for the U.S. (as well as global) stock markets, seeing the biggest sell-off since the March 2020 crash that was caused by the COVID outbreak panic. So if we are at the start or halfway of a typical correction on the stock markets, which currencies should we seek as a safe haven and which to avoid? The current chart is on the 1W time-frame and it includes the price action of S&P500 (blue trend-line), EURUSD (green), USDCHF (red) and USDJPY (yellow) since September 2018, which was when the U.S. - China trade war reached its peak. This analysis is simple yet it offers very useful and straightforward insight on how these markets behave when the S&P500 crashes: * As you see during the U.S. - Chine trade war peak when the S&P started to drop significantly on the week of September 17 2018, the EURUSD started to fall as well. At the same time the USDCHF started rising aggressively while the USDJPY despite an initial fall, it recovered and stayed stable. * During the COVID crash, when the S&P500 started to fall on the Feb 10 2020 1W candle, the EURUSD initially rose but on the final flush crash of the March 02 candle, it also crashed, even on a Lower Low. At the same time, both the USDCHF and USDJPY crashed at first but recovered aggressively on S&P's March final flush. Based on the above, assuming that S&P500 is closer to the middle of this correction and not the start, the USDCHF and the USDJPY should offer the best shelter until this correction is over. We could see an initial rise on EURUSD but if this is indeed a stock market correction, it should later follow stocks lower. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
2
S&P500 The 1D RSI is overbought on a big red signalS&P has been trading within a Channel Up ever since the November 2020 U.S. elections. During that time, the RSI on the 1D time-frame has never gone above 76.30. Right now however, it is overbought and approaching the 80.000 Resistance where it was last seen on September 03 2020. As you see on the chart this overbought valuation couldn't do otherwise buy initiate a medium-term pull-back of -10%, which broke below the 1D MA50 (blue trend-line). If the same pattern is followed, then a -10% correction would put the price exactly on the 1D MA200 (orange trend-line) at around 4250. Of course that depends on where the top is made but right now S&P500 is exactly at the top (Higher Highs trend-line) of the 12 month Channel Up you see on the chart. Technically if it gets rejected here, then the first buyers should appear on the 1D MA50. In any case the next target is the 2.0 Fibonacci extension at 4825. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
6
S&P500 Triangle about to breakPattern: Triangle on 4H. Signal: Buy as long as the Higher Lows trend-line holds. Target: 4400 (just below the 2.0 Fibonacci extension, similar to the March 31 break-out). ** 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 --------------------------------------------------------------------------------------------------------
CME_MINI:ES1!Long
by TradingShot
4
S&P500 at 4,100 as a 'base case' this year - RBCRBC discussed its S&P500 expectations for 2021 in a recent note to clients. RBC noted: Our 2021 S&P 500 target of 4.100 is our base case. It is roughly the median of 15 upside scenarios that we examined. If our call proves too conservative, our analysis suggests that the S&P 500 could trade as high as 4,600 for a +20% full year gain - the most bullish scenarios we examined came close to this level. Among the eight downside scenarios we examined, which articulate our bear case for full year or interim downside if momentum breaks lower, several point to a pullback to the 3600 / 3700 area (mid single digit drop in percentage terms depending on the starting point used) or to -3,200 (mid to high teens dip in percentage terms depending on starting point).
OANDA:SPX500USD
by thunderpips
12
S&P500 has the potential to reach 4250 inside FebruaryPattern: Channel Up on 1D. Signal: Buy as the MACD has formed a Bullish Cross last Thursday. Target: 4000 (short-term) and 4250 (medium-term). Most recent 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 ==> ProjectSyndicate --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
S&P with and without AMAZON. What do you make of this?This chart comparison displays the S&P index with AMAZON (left) and without (right). The sole purpose is to highlight the big impact that AMZ has during the recent weekly rally after indices made a bottom. As you see with AMAZON, S&P has been rising continuously since the March 23 bottom while without the weight of the pandemic-proof stock (since its on-line nature is favored by the lockdown) it is currently exactly on the March 23. Food for thought on how bad the situation is on traditional companies. What do you think? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
SP:SPX
by TradingShot
72
S&P500 Is COVID just a bounce inside the Channel?** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Well as you see the chart is pretty explanatory. I want your thoughts on a simple question. Was the sell-off driven by the COVID pandemic just a necessary technical bounce inside the multi-year Channel Up that started at the bottom of the 2008 crisis? So far, even though the 2200 bottom marginally broke it, we have stronger evidence with the recent weekly rally that the trend is still bullish within the Channel Up. The Megaphone that has emerged can be seen as similar to the one that preceded it in 2014 - 2016. Maybe now the index will continue upwards but on the lower part of the Channel Up. Notice how the RSI was descending during both Megaphones. What do you think? Was that just a bounce? Looking forward to your opinion.
TVC:SPX
by TradingShot
29
S&P: Testing the 4H MA50. Trade plan.S&P is testing today the 4H MA50 for the first time since it broke it on February 21st. Crossing and closing a 1D candle above it will be a bullish development especially if the 0.382 Fibonacci level, which has been acting as a Resistance so far at 2,650, also breaks. On that occasion we will be expecting an extension towards the 0.618 Fib around 2,930, which is technically the last long term Resistance before the index re-enters its long term (multi-year bullish trend). This where the 4H MA200 will be waiting to also act as the final Resistance, which has already rejected one uptrend attempt on March 4th. On a different occasion, if the 0.382 Fib at 2,650 holds, then we are expecting a pull back to the 2,450 short term Support at 2,450 and 2,200 in extension. ** 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
3
S&P: Long term Buy opportunity.The index has just made a Higher Low within the 1W Channel Up (RSI = 47.048, MACD = 40.350) and technically appears to be ready to rise again. Since March the 2,728 level has provided Support every time the 1D MA200 was crossed (marginally) so consider this 1W Support the limit. The Higher High sequence is projected to be completed around 3,080, which is our current TP. ** 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
1
S&P: 0.618 Fib on 1M. Potential Support.The index aggressively crossed the 1W Channel Up to the downside last week (RSI = 36.642, MACD = -236.100, Highs/Lows = -527.9643, B/BP = -1241.7760) presenting the first such correction on S&P since March. I has however found support near the 0.618 Fibonacci retracement level on 1M (monthly). Also the Monthly Higher Low supporting line is just below, indicating that a strong support base and buying demand zone is present on a monthly basis (RSI = 45.274, MACD = 241.800). Our target in one month's time approximately is 2,878.00 with 2,807.75 the intermediate TP.
CME_MINI:ES1!Long
by InvestingScope