US500 to turnaround today?US500 - Intraday
Price action has formed an expanding wedge formation.
The medium term bias remains bullish.
Trend line support is located at 4145.
Trend line resistance is located at 4345.
A break of 4172 is needed to confirm follow through bullish momentum.
We look to Buy a break of 4172 (stop at 4132)
Our profit targets will be 4272 and 4292
Resistance: 4172 / 4257 / 4345
Support: 4145 / 4127 / 4100
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Us500signals
Head and Shoulders Pattern: Friend or Foe for SP500 Traders?Not my usual style, as I don't trust or trade classic chart patterns cuz i m in love with "ict concept", but the SP500's daily chart shows a classic head and shoulders pattern forming. Brace for a potential drop. What's your take? 📉📷#sp500 #indices #marketanalysis
US500 working with liquidityHello Trader! A significant amount of liquidity was taken out with the upward impulse. Now, there's a high probability of heading down to capture the lower liquidity.
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S&P500 - Long active ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here we are in a bullish market structure from higher timeframe perspective, so I am looking for long. I expect bullish price action from here as we can see that price filled the imbalance and rejected from bullish order block.
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US500 Long Term SELLING Trading IdeaHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
S&P500 - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + psychological price level 4500.
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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.
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S&P500 - Expect retracement ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Even if we are bullish here on daily timeframe, I expect a retracement for short term period, as price filled the imbalance and rejected from bearish order block. The target is imbalance lower and bullish order block.
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S&P500 - Long active ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price filled perfectly the imbalance and rejected from bullish order block.
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Big Short On US500According to the update of us30 analysis that we provided, this analysis is also completely logical and practical for us500
First , it may go up with more pressure and start to collapse in the big drop zone .
US500 11June2023S&P500 is going according to the analysis of a few weeks ago. it is likely that it is currently in the period of wave 5, there is no visible weakening of the trend in the short term.
S&P500 - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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US500 - distribution zone?US500 - distribution zone?
These are the Keylevels to watch in the next hours.
I want to short US500 under the support line, this neckline looks good for an entry.
Also, this zone looks more and more like a distribution zone.
S&P500 - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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US500 - SHORTThe situation does not look great for the stocks market, all the shares have reached very high levels but lately the volumes have slowed down due to the very high prices, no one wants to buy Meta, Apple, AMD or Nvidia at some prices with 100 or even 200% higher than a few months ago, so a price correction is beneficial.
At the moment we see that on the 4h chart, we had this break of the support, which cannot take the price to the targeted area.
SP500 - SHORT SETUPOn daily timeframe, we have a last pump wich show us the level of distribution area, nothing bullish undeer 4200.
If the daily candle will close under 4.160, i will enter short
s&p500 target 4600After 5 wave decline in a limited downside triangle ,the trend reversed @ 3491 on 10th Oct'23
the reversal is a Zigzag 3 wave up move, where wave B is completed today after a BO rally and retest of upper trend line of Exp Triangle.
its time to start next wave 'C' from today 10th march.
buying is a good opportunity for a month or more having a target of 4600
lets enjoy trading with known entry point &targets thanks to the great R.N.Elliott & Glen neely
US500 Next MovePair : US500
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Retracement
Divergence
Break of Structure
Bullish Channel in Short Time Frame as an Corrective Pattern
Completed " 12345 " Impulsive and " ABC " Corrective Wave
US500 - Wait for more Monday CloseON US500 I would not trade in the next few days, more information and more movement is needed because from this area it can both go up and down.
In practice, I closed the day above the support but it is below the trend line (the blue one), if on Monday it does not close above the trend line and possibly confirms on Tuesday above the trend line, then in that case I would go long but in the given situation, we have to take into account that on Monday it could close below the trend area and thus it could go to the next support area down.
Including the RSI shows us that it is overbought, which would be related to the resistance trend line in the downward trend.
S&P500 - Short active ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here I expect bearish price action as we can see that price took buy stop liquidity, filled the imbalance and then rejected from bearish order block.
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US500 Trading in a triangleHello Traders,
on higher timeframes CURRENCYCOM:US500 is trading on a triangle. For the moment we don't know where will be a breakout so we're trading inside of it.
Next target probably the 3850 level.