Selling SPX into a rally.US500 - Intraday Expiry 9pm UK - We look to Sell at 3777 (stop at 3836)
Sentiment remains negative despite the pull-back higher in prices.
We are assessed to be in a corrective mode higher.
Horizontal resistance is seen at 3800.
Resistance could prove difficult to breakdown.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 3640 and 3600
Resistance: 3800 / 4155 / 4322
Support: 3640 / 3280 / 2800
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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.
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US500SHORT
US500 | A Small Correction Before The Next CrashUS500 | A Small Correction Before The Next Crash
All the market is going a bit crazy these days.
On indices, it has been a bit more stable when it comes to technical
perspective.
the price has moved lower but it has respected the technical perspective
related to the price movement.
Today we can see that the price is already correcting and this is
showing that we can have another selling opportunity very soon again.
Targets on the chart.
Thank you and Good Luck!
Selling previous support on SPX.US500 - Intraday - We look to Sell at 3834 (stop at 3889)
The medium term bias remains bearish.
We can see no technical reason for a change of trend.
A firmer opening is expected to challenge bearish resolve. Resistance is located at 3840 and should cap gains to this area.
We look to sell rallies.
Our profit targets will be 3701 and 3680
Resistance: 3840 / 4150 / 4320
Support: 3700 / 3280 / 2475
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 500 BEARISH OUTLOOKThe major US indices, including S&P 500, are continuing to plumed after the Fed rate decision yesterday. The interest rate reached 3.25%, as it was predicted, but the forecasts are that the interest rates will keep increasing into the entire 2023 as well, reaching levels of 4.6%
The technical indicators are suggesting a downtrend as well, MACD histogram is below the 0 line and the RSI is well below the oversold 30 line.
If the trend continues the price might test its levels at 3670, but if it reverses, it might test its previous high at 3958.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
⁉️ US500 - Market AnalysisHello traders!
⁉️This is my analysis on US500 .
Here we are still bearish , so I am looking only for shorts. I expect price to retrace after taking out sell side liquidity, to fill the imbalance and to reject from bearish orderblock.
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S&P - Short IDEAWe hit 1h OB- highs and 4hOB above, sslq bellow is looking juicy as ICT says
just a potential scenario
US500 shortWe are in a recession, although the white house changed the definition of a recession when they released the second negative gdp quarter stats. Is this the key level where we will see a sell off?
I’m going short around 4330/4350
Looking for price to come back down to 3300/3000
Entry pure technical analysis come back to touch top of a channel in a lower time frame down trend.
This is only the beginning.
US500 BEARISH OUTLOOKAfter the speech of Fed chairman Jerome Powell last Friday, on which he clearly stated that the main goal of Federal Reserve is to stabilize prices and will remain hawkish on interest rates, expectations of increased strength of the USD made big portion of the investors to sell their shares and increase the amount of dollars they are holding, which plummeted the price of S&P500.
RSI indicator is below 30 level and MACD is below zero as well, which also indicates a bearish trend.
The instrument broke the support at 4109 and continues to decline. If this pattern continues, the instrument might test its levels at 3940. Otherwise, if the trend reverses, the price might test levels at 4060.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Max Pain for SPX NDX MarketsLooking at the NDX for this example, clear defined downward trend with BIG bear market rallies. this is seems to be a little different with some positive news and lack of bad news so has been highly rewarding for the bulls however we are now at some big resistances.
- 50 moving average on Weekly
- Trend line resistance
- 61 fib of previous move down
- 20% down from top mark which is technical bear market so reacting off this level is good for bears imo.
next peice of news is only around the corner, lots of macro happening behind the scenes. I'm taking a short position at 13400.
just move down RSI indicator has no relevance here.*
SPX Double Top Rejection @ 4144 - SPX500 SHORT 2 HR CHARTAll the earnings and FED news is out so we “” buy the rumour and sell the fact ….””
1 - Looks like 4144 a small double top.
2 - Oscillators divergence BEARISH – Not supporting the new highs…
3 - Both tops followed by Large engulfing RED CANDLES
4 - MACD - BEARISH signal
5 -VWAP - Held on the retracement
6 - FIB levels are the current support
Will trade this to the short side once it breaks below 4090
SHORT S&P500 ✅✅✅Hello traders!
✅ This is my trade on US500 .
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action from here as price filled perfectly the imbalance and rejected from bearish orderblock.
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