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Us500

S&P500: This correction is just a Bull Market Higher Low.The S&P500 index is having investors puzzled once more with the February correction as it turned the 1W technicals neutral again (RSI = 48.600, MACD = 4.420, ADX = 34.962). The price is under the 1W MA50 but the 1D MA100 is supporting along with the 1D MA200. Having made the Bear Cycle bottom on the 1W MA200, it is obvious that in contrast to the Bear's Bearish Reversals (three patterns with red arrow), it made a Bullish reversal (green arrow) on the December 19th Low. That was the first Higher Low of the new Bull Cycle and it is beyond doubt that we have transitioned into it. The 1W RSI is on a Channel Up and as long as it doesn't make a Lower Low, we expect S&P500 to make its second Higher Low of the Bull Cycle now. The Fibonacci levels have formed all major Higher since 2022 with tha latter being the Bull Cycles first Higher High on the 0.5 Fibonacci (January 30th). Technically we expect Fibonacci 0.618 to get hit on the next Higher High. We are long, TP = 4,300. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
8
S&P500 Bottom by tomorrow, slow 2-week recovery after.The S&P500 index (SPX) is trading between its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) ad the long-term Channel Up pattern that started on the November 03 Low is attempting to price its new Lower High. Based on the symmetry provided by the 1D RSI that is on the 39.00 Support (Dec 19 and Dec 28 Double Bottom), the 1D MACD and and 4H Death Cross (February 27 and December 19), the current sequence is extremely similar with the December 19 - 22 bottom fractal. That was basically the previous Higher Low of the Channel Up. The 4H MA50 (green trend-line) is about to cross tomorrow below the 1D MA50 and that marked the exact previous bottom on December 22. As a result, this is the most optimal long-term buy level, and we are targeting initially at 4050 (middle of the Channel Up) and 4250 (just below the Higher Highs trend-line) in extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FOREXCOM:SPX500Long
by TradingShot
7
S&P500: Channel Down dominant but target this if it breaks out.The S&P500 is inside a Channel Down on the 4H chart ever since the correction started early in February. A correction that has caused even the 1D time-frame to turn bearish technically (RSI = 41.649, MACD = -7.180, ADX = 42.487). As long as the price remains below the 4H MA50, it is aiming as S2 (TP = 3,900). However with the 4H RSI inside a Channel Up (bullish divergence), if the price crosses over the Channel Down and more importantly the 4H MA200, we will go long aiming at the 0.786 Fibonacci (TP = 4,140). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
U
by InvestingScope
6
SNP500 Bullish Short-Term Expectation Analysis This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes Click on Boost (like) to support these free analyses! This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - Wyckoff - Etc.
CME_MINI:ES1!Long
by SmartMoneySource
ES1! SPX500USD 2023 FEB 27 ES1! SPX500USD 2023 FEB 27 Scenario2 short on test & reject of 4094 yielded 50pts. Scenario Planning: 1) Short if 4094 / 3928 is rejected 2) Long on support and accept of 3788 // 3928 Volume Analysis: Weekly: Ave vol down bar close off low = No supply Daily: Ave vol down bar close off low = No supply H4: Very high vol up bar close off high = Supply present Price reaction levels: Short = Test and Reject | Long = Test and Accept 4175 4094 3928 3788 3502-3580 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
US500(S&P) : Analysis , 4hHello traders, we want to check the chart of the US 500 in the 4-hour time frame. After falling simultaneously, the price has reached the upward trend line and also the key level of 3936 and 3952. If the price can break the downward trend line and return to the key level, the pullback is indicated. It is a good entry point to enter into a purchase transaction and we expect it to continue its growth until the level of 4038, but if it can break the upward trend line and also the key level downwards and stabilize itself at the bottom of 3936, we expect to reach around 3886 continue to fall. Good luck.
U
by mrAT_Trader
2
This is why I wait for 3 confirmation candles on the daily!Traders, At times, during the last week, it looked as if our Cup and Handle pattern was going to be legitimized. However, caution was admonished. We had not yet seen 3 candle closes above our neckline on the daily which would have allowed for the safest entry. Though, we played around above the neckline for over a week, the break was never confirmed with 3 solid price closes above the neckline on the daily. This provides valuable teaching material for us all to observe and learn from going forward. I will review price history and show you what I needed to see for solid confirmation. I will also review the four charts I was observing this past week. And finally, I will show you what the picture now is looking like going forward. Stew
INDEX:BTCUSD
by stewdamus
4
S&P500 Approaching its new long-term bottomOn our last week analysis for the S&P500 Index (SPX) we called for the start of the correction within this long-term Channel Up pattern: As you see the timing was spot on and the price broke below both the middle of the Channel Up and the 4H MA200 (orange trend-line). Along with the 4H MA50 (blue trend-line), the latter is close to forming a Death Cross on the 4H time-frame, which is a bearish pattern. The last time this was formed was on December 19 2022 and it was the bottom (Higher Lows trend-line) of the pattern. The 1D RSI is already reversing, though the 1D MACD shows there might still be a few days left before bottoming. On an R/R basis, the risk is low buying on the 4H Death Cross formation, and this is what we will do, getting the most optimal long-term buy entry. Our first target is the middle of the Channel Up (4050) and upon a 4H MA200 re-test as Support, the top (Higher Highs trend-line) of the Channel as an extension (4250). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FOREXCOM:SPX500Long
by TradingShot
3
S&P500 Two buy entries for the long termThe S&P500 has been inside a Channel Up ever since the October 13th market bottom. Even though it didn't make a proper Higher High in February, the recent correction is still contained inside the Channel Up. The MA50 1D is holding. If the price makes a closing under it, the Rising Support assumes controls of the trend and becomes the prevailing pattern. Trading Plan: 1. Buy now as long as the price is closing over the MA50 1D. 2. If it closes below, buy on the Rising Support. Targets: 1. 4140 (under Resistance Zone A) and 4300 if the price closes above Resistance Zone A. 2. 4300 (representing a +11.35% rise from the Rising Support, which is a price range delivered in both previous rebounds on this Rising Support). Also under Resistance B. Tips: 1. The MACD 1D shows that there is still room to fall before finding a Support, enhancing Scenario 2. Lower risk buy after it makes a Buy Cross. Please like, follow and comment!!
CAPITALCOM:US500Long
by TradingBrokersView
5
US500 longEquity rally due to systematic buying and HF short covering. Short interest has halved from the Q4 highs for EU equities, but is still elevated in the US. Macro HFs and CTAs have turned outright long equities, and their exposure is close to 12m highs, yet still below average. Long short funds have also reduced short positions, but their net exposure remains low too. Risk control funds’ exposure has increased only modestly and remains depressed by historical standards. So there is room left for more systematic/HF buying. In contrast, mutual funds remain long cash and have dumped equities in recent months. As a result, their equity beta is close to the lows. Similarly, the bid from retail investors to equities has waned, with US households turning outright sellers of stocks. ©Barclays Equity Research
ULong
by Macrobriefing
2
US500 to hit the weekly support and then bounceUS500 is on the way to revisit the weekly support zone around 3990. Currently it has hit the daily support but it is likely that it will go and at least touch the weekly support zone. But they both are quite close. That will definitely produce a bounce to the upside and might bring the price to daily resistance level. Let us see if this daily produces enough momentum to lead it to the resistance. But I would incline towards it touching weekly first before heading towards resistance and that would also be favorable for a better entry point and a better RR.
ULong
by angela_altair
2
The (4) Four Charts I am watching closely todayPull these charts up on your radar. They are key. With today’s spike on the VIX, we may see key resistance and support lines break. If any one of these critical trendlines/levels are broken, much more caution is warranted on the long side. Let’s quickly run through the charts I am observing. DXY - A break to the upside of that macro uptrend (with confirmation on the daily) indicates a stronger dollar. A stronger dollar price must be calculated into current stock prices, weakening the current stock momentum. US500 - Testing that Macro Uptrend as support. A break below may indicate further downside (pending FED language following FOMC press conference). US Treasuries - Both the 10 year and the 2 year are pushing up against resistance. A break to the topside would indicate that the FED will continue its aggressive rate hikes strategy to tackle inflation. The dollar will follow with strength. The markets will depress even further. Crypto will follow. Treasuries seem to indicate that the FED will continue its aggression against inflation. We must pay attention closely to those purple lines/levels. Also to note, Bitcoin is up against its 200-week ma. I don’t see that be broken immediately without some setback prior. The Bitcoin price battle with the 200 weekly ma may be the earliest indicator we have to what might follow in the next few days/weeks. As always, be cautious. Don’t bite too hard on these last few weeks of bullish price action. Dollar-cost average yourself in. Place those stops. And best of luck to you all! Stew
TVC:DXY
by stewdamus
S&P500 - Temporarily exhaustedHello traders! As presented in previous posts, we believe that price has showed to be in a primary wave (B) to the upside to correct all the downtrend from January 2022 high. Price is likely to ungoing the last leg up of this upside correction. Low volumes and over entusiasm about the soft landing narrative suggest us that this rally can go up to 4300+ before reversing, but we do not take higher highs as our base case. However, price arrived at a big resistance, with the blue wlfe wave still valid, and managed to exhaust the upside steam creating multiple divergences e lower lows. Also, VIX seems to be about to breakout a bullish wolfe wave : We sometimes get insights by looking at VVIX, which is the same algorithm of the Vix applied to the VIX itself: Here we can see that VVIX already broke out, suggesting bullishness for the VIX and bearishness for the index. We are therefore short from @4152. Our stop loss is already placed on entry. Our first target is 3940, we will re evaluate the price action if we get there. Breaking 4090 confirms more downside. Happy trading!
UShort
by GMR-Capital
2