SPX forming a top?US500 - 24h expiry
Levels above 5630 continue to attract sellers.
The 161.8% Fibonacci extension is located at 5544 from 5650 to 5585.
Bespoke support is located at 5540.
Selling spikes offers good risk/reward.
Economic figures could adversley affect the short term technical picture.
We look to Sell at 5630 (stop at 5665)
Our profit targets will be 5540 and 5470
Resistance: 5630 / 5650 / 5680
Support: 5545 / 5540 / 5470
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Us500
S&P500 v USD since 2008. Cheap dollar guarantees stock expansionThis is a cross chart analysis between the S&P500 index (SPX) and the U.S. Dollar Index (DXY) since the 2008 Housing Crisis. Ahead of widely anticipated Fed rate cut next month, it is useful to see how the Dollar has impacted from its perspective the stock market on a multi-year basis.
As you can see, the DXY has been trading within a Channel Up since the 2009 Housing Crisis bottom. At the moment it is under the Resistance of the Lower Highs trend-line (dashed) and a rate cut should apply even stronger selling pressure and keep it under. There is still some wayt to go until it hits the bottom of the Channel Up again.
We believe that the stock market is at the point where it finishes the recovery phase (blue Arc) and will enter the expansion phase (green Channel Up), at the beginning of next year. As a result, a rate cut and as a matter of fact a series of rate cuts by the Fed, will do wonders on S&P500, giving investors steady long-term opportunities to buy low and sell high within a strictured Channel.
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US500 - SWING SHORT ideaPrice made a false breakout of the previous week high with a strong bearish reaction. Also, the start of the new week will probably be manipulation with distribution lower.
A great sign of weakness is when the new week candle open, makes a false run on one side with a a sweep of liquidity (many traders are trapped), and then distributes on the true side.
S&P500 Why the volatility shouldn't scare you.Five months ago (March 21, see chart below), we published a comparison analysis on the S&P500 index (SPX), warning of a medium-term correction but at the same time setting a long-term 6500 Target:
As you can see, the fractal comparison of March 2024 with March 2017 worked very well and this is why the recent July - August correction shouldn't scare you. The 2022 - 2024 sequence continues to replicate to a solid degree the 2015 - 2017 period, which after holding both the 1W MA50 (blue trend-line) and testing and bouncing on the 1.786 Fibonacci extension, it rallied towards the 3.0 Fib.
Check also how similar the 1W RSI sequences are within the two fractals. At the moment we are just past the RSI Double Bottom formation (August 14 2017 and August 05 2024 respectively), which should initiate a rally that will peak deep into the overbought zone in Q1 2025.
As a result, our long-term Target of 6500 is intact, and as the title says, the volatility shouldn't scare you and make you diverge from the long-term goal and perspective.
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NASDAQ INDEX (US100): Pullback From Support
US100 may pull back from a key daily/intraday horizontal support.
As a confirmation, I spotted a double bottom formation on a 4H time frame
and a confirmed violation of its neckline.
The market may reach at least, 19755 level soon.
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S&P500 Consolidation Phase Towards The UptrendHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5540 zone, SPX is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5540 support and resistance area.
Trade safe, Joe.
S&P bulls are strong; new historical high?Last week was marked by an increase in selling pressure, which, despite all efforts, has not had a significant impact. As we can see on the daily chart, the stairstep pattern remained intact—even a powerful attack on Thursday was unable to break the previous day's low. The bulls maintained control, leading to a small rally the following day (I highlighted the importance of the stairstep pattern in my previous review).
As we approach the end of the month, there are a few things to keep an eye on:
1. The price is in a weekly uptrend, which has not been seriously threatened so far. Buyers maintain long-term control over the price.
2. The daily timeframe is also under buyers' control.
3. All major S&P sectors are moving in the same direction.
Price is approaching previous major high ( 565 ), which can act as a resistance but there is no guaranty that it will hold for long. The last consolidation, which began on July 17th, was triggered more by bullish exhaustion than by strong selling at this level. This suggests that there may be little to safeguard it.
Given all the above, there is no reason to believe that market is currently under threat. For the trend to shift to the bearish side, three things must happen (from the TA perspective):
1. Daily Sellers must take down the previous day low, breaking stairstep pattern
2. Weekly Sellers must take down the previous week low ( 553.8 ), setting weekly lower high
3. Month should close red (below 552 )
Until then we’re in a bull market.
Dow Jones Index (US30): New All Time High Soon?!
US30 may update the all time high soon.
The market closed, testing a major daily structure resistance
based on a current all time high.
A bullish breakout of the underlined blue area will give us a strong bullish signal.
A bullish continuation will be expected at least to 42000.
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S&P500 This is how it will reach 6000.The S&P500 index (SPX) has recovered almost all of its losses since its July 16 All Time High (ATH), firmly establishing again itself above the 1D MA50 (blue trend-line), which is the usual short-term Support level during uptrends.
The underlying pattern is a Channel Up and every time the index breaks above a former Resistance level (such as the current ATH), it consolidates for a few days and retests it as a Support, before starting the next wave of the Bullish Leg.
As a result, we expect the index to break above 5670 soon and then turn sideways, sustained above it for 1-2 weeks. By the end of October we are targeting for a 6000 Higher High at the top of the long-term Channel Up pattern.
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Bullish momentum to extend?S&P500 (US500) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 5,561.67
1st Support: 5,464.86
1st Resistance: 5,668.95
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SPX to continue in the upward move?SPX500USD - 24h expiry
Continued upward momentum from 5544 resulted in the pair posting net daily gains yesterday.
5 positive daily performances in succession.
The 261.8% Fibonacci extension is located at 5728 from 5094 to 5336.
The previous swing high is located at 5680.
Further upside is expected although we prefer to set longs at our bespoke support levels at 5566, resulting in improved risk/reward.
We look to Buy at 5566 (stop at 5526)
Our profit targets will be 5680 and 5728
Resistance: 5636 / 5680 / 5728
Support: 5566 / 5470 / 5440
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
S&P bulls amazing coming backLast week, buyers continued to surprise by maintaining the impressive rally that began on Monday, the 5th. Observing the daily chart, we can see that for 10 consecutive days, the price has been setting new highs, never falling below the previous day's low. As of today (Monday, the 19th), the bulls have retraced 80% of the last bearish wave. It's also notable that buying occurred across all major S&P sectors, not just in a few big names.
Here is the current market disposition:
1. The market is in a weekly uptrend, with a new major low officially confirmed at 510 .
2. On the daily chart, we see a beautiful stairstep pattern.
3. The only technical resistance above is July’s high of 565 , but given the rally's momentum, it is likely to be surpassed.
The long-term outlook is unequivocally bullish. The short-term outlook is also bullish, as long as the daily stairstep pattern remains intact.
For short traders, it is advisable to refrain from trying to catch the top. The current momentum is so strong that it could easily break all technical resistances. The only situation where I would consider cautious shorting is at the daily stairstep pattern break.
US100 0.25% ,US500 +0.26% MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at NAS 100 & S&P500 from HTF - MULTI TIME-FRAME ANALYSIS
NAS100 DAILY TF
* Thursday saw strong bullish momentum coming into play, with Fri cont.of this move.
* The weekly & daily TF show we are still trading in BULLISH conditions on the NAS100.
* NAS100 took internal range LQ, looking for that external range LQ to be taken.
* We are trading in discount looking for a bullish continuation long term on Nasdaq.
* With PO3 looking to open bearish this week to confirm a move higher to ERL.
NAS 100 4H TF
* Looking for the week to open Bearish into the 4h FVG + OB because our HTF BIAS (PO3) on D & W .
* WEEK open I will probably be looking for short positions OPPORTUNITIES.
* We will see what does the market dish.
* On the 4 hourly ERL > IRL.
S&P500 4H TF
USOIL 1H TF
* We saw a rally with the bulls, strong momentum to the upside.
* The is a 1H FVG, this is where i would look for short entries this week.
* Should this PD ARRAY hold will be short for the NASDAQ
* BASED on the price action served this week.
S&P 500 1H TF
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
US500 - Roadmap to 6kHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 US500 has been overall bullish, trading within the rising channel marked in red.
As long as the $5000 round number holds, I expect further bullish continuation towards the upper bound of the channel and $6000 round number.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
S&P500 Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5460 zone, US500 was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 5460 support and resistance zone.
Trade safe, Joe.
S&P500 Inflation below 3% 1st time since 2021! Must the FED cut?The U.S. Consumer Price Index (CPI) was reported today below 3% for the first time since April 13 2021! This means that Inflation (red trend-line) is getting closer to the Fed's desired benchmark, coming in contrast with the fears of an economic slowdown last week.
On today's S&P500 (SPX) analysis we examine the effect of an Inflation drop on the market.
As you can see, the sudden drop on the Inflation Rate in mid-2022 was followed by a sideways trend in the past year (since July 2023). This is not the first time we see such consolidation after a strong decline. In fact, the most similar pattern to today's is the post August 2012 consolidation on Inflation.
The similarities don't stop there. As this chart is our well-known 'S&P500 +10 year Cheatsheet' which we have published in the past and updated numerous times, we can see that the index has most likely entered the 2nd phase (green Rectangle) of its cyclical expansion (Channel Up), that tends to lead to a cooling Bear Phase in the form of a Megaphone. The current 1W RSI pattern is also similar to post 2013.
As a result, we expect the index to resume the uptrend and even hit 6900 at least as it will be a +95.84% rise (similar to 2011 - 2014).
Regarding the Fed, and whether or not they should cut the interest rates in September, we believe that this will be welcomed, especially on a 1 year basis, as it will stimulate the economy with inflation getting as close to the Fed's target as possible.
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US100 18.992.0 +2.52% MID-WEEK MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at NAS 100 & S&P500 from HTF - MULTI TIME-FRAME ANALYSIS
NAS100 DAILY TF
* We started the week on some BULLISH runs into a bearish BB.
* Entering the premium zone looking for rejection of this -BB.
* NAS100 currently taking LQ, looking for that internal range LQ to be taken(+OB).
* We are entering discount price looking for a bullish continuation long term on Nasdaq but intraday some shorts could be profitable.
* With PO3 looking for THURSDAY TO REVERSE for th week.
NAS 100 4H TF
* The week to opened Bullish into the 4h FVG + OB because our HTF BIAS (PO3) on D & W looking for possible reversals before we continue higher.
* looking for short positions OPPORTUNITIES.
* We will see what does the market dish.
* On the 4 hourly ERL > IRL.
S&P500 4H TF
* sentiment stays the same we still bullish, running into higher tf pd arrays.
US100 1H TF
* STRONG rally with the bulls, strong momentum to the upside.
* The is a 1H FVG, this is where i would look for short entries this week.
* Should this PD ARRAY hold will be short for the NASDAQ
* BASED on the price action served this week. But we might just reverse some where might as well be in these FVG prices
S&P 500 1H TF
* sentiment stays the same we still bullish, running into higher tf pd arrays
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
S&P500 Is Approaching A Significant Support AreaHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5270 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5270 support and resistance area.
Trade safe, Joe.
Dow Jones Index (US30): Detailed Support and Resistance Analysis
Here is my latest structure analysis
and important key support and resistance levels to pay close attention to.
Vertical Structures
Vertical Resistance 1: Rising trend line
Horizontal Structures
Support 1: 38250 - 38550 area
Support 2: 38015 - 38105 area
Resistance 1: 39500 - 39700 area
Resistance 2: 39800 - 39960 area
Resistance 3: 40900 - 41415 area
Consider these structures for pullback/breakout trading.
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S&P bulls return in the game; still some work to doLast week, buyers regained control on the daily timeframe, filling the gap from Monday, August 5th, and closing the week at the high. While this was a strong display of power, I would approach it with caution for the following reasons:
1. The market is currently in a weekly consolidation phase. We've already seen how strongly the bears defend their control on the weekly timeframe (as evidenced by the last week of July), so this should not be disregarded.
2. The magnitude of Wednesday’s bearish candle demonstrates how easily the bears can move the price when they feel weakness
3. While all major sectors closed week green, none has managed to close above previous week high. Most of them are in a weekly consolidation, which signifies genuine market weakness.
To sum it up, while it's highly likely that the bulls will be able to confirm a weekly low ( 510.3 ) in the next days, it's uncertain whether they will be able to maintain their position for long. I would definitely wait to see the week’s close before considering a “buy.” Ideally, the bulls should fill the gap from Friday, August 2nd, and establish some value above 534 . If this doesn't happen and we see a strong price rejection, it would confirm bearish control.
The upcoming week is packed with economic data, which could fuel momentum for either side.
Dow Jones Index (#US30): Your Trading Plan Explained
Dow Jones is currently stuck on a key daily/intraday horizontal resistance.
The price is trading within a narrow range on that on a 4H time frame.
Your confirmation to sell the Index will be a bearish breakout of the support of the range.
A 4H candle close below 39325 will confirm the violation.
A bearish continuation will be expected to 38890 then.
Alternatively, a bullish breakout of the underlined blue resistance
will push the market higher.
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S&P500 crashing. Will it benefit from a September RATE CUT??The S&P500 index (SPX, illustrated by the blue trend-line) has been under heavy selling pressure in the past 3 weeks and a September Fed Rate Cut is already priced at 95%. But will the index benefit from such action?
A detailed look into the past 35 years of recorded Yield Curve (US10Y-US02Y) price action, shows that when it flattens and rebounds, the Fed steps in and cuts the interest rates (orange trend-line). As you see on that 1M chart though, this hasn't always been beneficial for stocks as especially for September 2007 and January 2001, it took place parallel to the Housing and Dotcom Crises.
The Inflation Rate (black trend-line) however seems to be at a low level that is consistent with market bottoms and not tops. As a result, it appears that it is more likely we are in a curve reversal that is consistent with bull trend continuation for the stock market, after short-term corrections, in our opinion either post June 2019 (ignore the COVID crash, which is a once in 100 years non-technical event) or pre-2000.
So to answer the original question, we believe there are more probabilities that a September rate cut will do more good to the stock market than harm.
Just as a side-note, based on this chart, our sentiment is that the current AI-led rally will be similar to the internet rally of the mid-90s that eventually led to the Dotcom crash of 2000.
Your thoughts?
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