Ascending wedge of all ascending wedgesThis is the macro top going back to the crash of 1929. Don't stay too long.
SP500FT trade ideas
SPX Long Term Top in FormationLooking at a Log Chart of the SPX taking the long term trendline back from 1929 until now we are bumping up right against the upper end. We could probe above the trendline. You are also getting negative bearish divergence on the long term RSI. I see a stronger correction playing out over the next 6-12 months.
STAY CAUTIOUS. Now would be the time to start lightening up long positions, might not be a short trade yet but get ready if the market does start to roll over for a further longer term correction.
SPX500 TREND LINES AND PIVOT POINT VIEWThe SPX500 if manage to close above the last high of 5670 on Daily TF then expect the price to hit the TL.R at 5764 from where the prices can fall back a bit and then move for the next target to TL.B2 at 5810 and if it closes above that point then you can expect the price to move to take over the PIVOT R3 at 61110, but if it is rejected then expect the price to fall towards PIVOT R2. Trend Line green and TL.R form a widening channel. If the price fall back the TL.B1 and Closes Below Pivot R2, then Expect the price bounce from the Trend line green. The main scenario of the price action shows that if the price is not rejected from the previous high of 5670, then price will surely lead to take over the TL.R and TL.B2. On Contrary if price rejected sharply from the TL.B2 and closes below PIVOT R2, then price may continue to fall towards PIVOT R1. Please leave your comments and your suggestions.
$SPX ANALYSIS, KEY LEVELS & TARGETS for 11.11.24All right. So the implied move over here today is between 5965 and 6030. 30 day average volatility, 5930 to 6060, fix is up right now almost 4% and stupid Willy is showing extreme overbought here 35 EMA is underneath the implied move and don’t forget, we returned to the 35 EMA all the time and we are due to hit that level so that is just underneath the implied move at 5965. There’s nothing else really in today’s trade range but let’s see where we close today. If we close towards the bottom then we’ll be retesting that election gap and remember that island bottom gaps tend to be a battle zone so the level around 5760 would be the next target.
The S&P 500 is due for a 12% pullback.The S&P 500 is due for a 12% pullback.
Based on previous price action, every time the price overextends approximately 12% above the 200 EMA, it typically results in a pullback to the 200 EMA support.
This could affect the crypto market in the short term. Over the next two weeks, we may see a potential correction in the crypto market.(SHORT-TERM).
If we see that correction, that could be a good time to load up in some of the altcoins.
Prepare for Breakout Towards 6100 Next Week
The S&P 500 has been on a strong upward trajectory, recently surpassing the
significant psychological level of 6000 for the first time. The index has seen a
remarkable rally post-election, fueled by investor optimism and solid corporate
earnings reports. Currently, it sits approximately 31.5% higher from its
previous lows, creating an atmosphere of bullish sentiment across the market.
Key Actionable Insights and Takeaways Specific to S&P 500
- The index is currently testing major resistance levels around 601 to 612,
which could dictate the next move for the bulls.
- Watch for pullback opportunities to key support levels around 596 and 588,
which can present buying opportunities.
- Maintain a balanced approach by being prepared for potential volatility as we
approach critical zones.
Summary of Expert Opinions on S&P 500
Experts are bullish on the S&P 500's potential for continued upward movement.
The recent Federal Reserve interest rate cut and favorable post-election
sentiment have contributed to a generally positive outlook. However, caution
remains due to the potential for market corrections and external economic
pressures, particularly inflation.
Based on the wisdom of all professional traders
- Target 1: 6010 (short-term target indicating strong resistance)
- Target 2: 6100 (longer-term bullish target)
- Stop 1: 596 (to manage risk on potential pullbacks)
- Stop 2: 588 (additional level of support to monitor)
Notable News or Events Affecting S&P 500
The S&P 500's recent rally has been closely tied to the U.S. presidential
election results, which have stabilized market sentiment by reducing
uncertainties. Additionally, expectations of continued fiscal stimulus and
corporate tax cuts under the new administration contribute to positive market
dynamics.
SPX: Bullish Momentum Targets 6,000 with Key Retest at 5989SPX: S&P 500 Futures Eye Further Gains as Index Targets 6,000 Milestone
The S&P 500 index surged to a new record high on Friday, with futures indicating more potential gains at the New York open. Investor sentiment remains buoyed by the election results, with the "Trump effect" continuing to fuel demand for risk assets.
Technical Analysis
The price has increased by approximately 5.00% over the last week. Today, a retest toward 5989 is expected, followed by a continuation of the bullish trend, aiming to break the all-time high (ATH) at 6019 and reach 6045 and 6068.
Alternatively, if a 4-hour candle closes below 5989, it could signal a bearish trend, targeting 5970 and 5931.
Key Levels:
Pivot Point: 6019
Resistance Levels: 6045, 6068
Support Levels: 5989, 5970, 5931
Trend Outlook:
Bearish Correction toward 5989
Bullish Trend toward 6045
previous idea:
S&P 500 IndexHello community,
Weekly chart.
My goal: 6,118 points.
I have drawn a Fibonacci extension to get the target.
In orange, the 200-period simple moving average.
Make your opinion before placing an order.
► Thank you for boosting, commenting, subscribing!
Winter RallyWhile the market may appear stretched in the short term, analyzing the broader trend since 2009 on a logarithmic scale suggests the potential for a bull run extending through the winter and continuing into 2025
Few more push up before the dropFeeling will go about 6200 or around almost 6300
The buy is still strong; not far to hit the ceiling
SPX: Trend is your friend The US Presidential elections set the stage for an upside for US equity markets, while Feds another rate cut by 25 bps nailed the upside. The hype was back on equity markets, and new all time highest levels followed. As analysts from Barclays explained : “ Equities are eager to price in Trump's domestic growth policies and hopes for easier regulation relative to the Biden administration”. The S&P 500 passed the 6K mark, reaching the highest ever level at 6.010, at Friday's trading session.
Certainly, the star company of the week was Tesla, as Elon Musk was a strong supporter of the Presidential candidate Donald Trump. The company was traded higher by some 30% for the week. Also, all companies related to President elected Trump significantly gained. Also, as President elect Trump was quite supportive to the crypto industry during the campaign, his election pushed the crypto market strongly to the upside, and also companies within the crypto field. Coinbase gained some 47% for the week.
The markets will most certainly continue with the current trend in the coming period, but economists are noting that substantial risks which might be waiting just around the corner. Among the highest are noted, increasing US Government debt, which is not going to be supported by potential tax cuts, as well as tariffs on a foreign goods, which might bring back inflation to the higher grounds, and increase of Feds rates accordingly.
a two year bull market. what has changed?its been 756 days since the bottom in the s&p500. the weekly is on an extended bull run to the 6000 region. last week has been the biggest drop in volatility in this trend.
large risk on weeks come with pullbacks, but this week hasnt bearishly diverged from the trend yet.
fib time zone tells us the trend hasnt reached a local maximum yet. the general trend hasnt changed since monday may 15 2023.
since signal hasnt changed i wouldnt try to short this market yet.
a breach of this dopen would probably lead to a pullback around pmVAH, and i would look to do this by ftz 13. still a local bear move toward the 5800 region isnt unthinkable.
i would still rely on this broader market move setting higher weekly lows and vreaking to new all time highs for the foreseeable future, which is why im leaning long here, even with the advanced age of this bull market (even post election).
Scinarios for $SPX till the election year ends Bearish daily candle on Friday 25th Oct but watching RSI signals its showing some support to the up-trend line from Aug low . This setup suggested continuation upward trend up to next week and election week then signal can be more clear!.
Above 5855 is bulish entry and below 8750 is bearish one.
6000 target still valid but i will recommend 5920 to take profit
for downplay 5640 is last support which is related to FED pivot cutting . good luck
SP500 double GapCould we see SP500 in the 5800 prices in the upcoming days or this double gap will be closed in months or weeks?
Always do your research
trump won, now whatThis is not a political analysis,idgf about who's your favourite party With that said:
An easy way to run ur economy to the ground is through price controls, which was part of Harris's campaign platform. Joe did a great job and arguably saved the U.S. economy from a slump with initiatives like the infrastructure bill and the CHIPS Act. However, what concerns the average American most are the prices of gas and food. Harris's solution to these issues is a price ceiling, which is why many people felt that the orange man solution is more realistic
however Tax cuts, the budget deficit, and inflation, along with tariffs, may lead the market to react positively a trend we have already observed. Inflation can drive growth for companies, which in turn boosts earnings and contributes to the US GDP growth. Additionally, the bond market is showing an upward yield curve, suggesting a liquidity preference, as money flows from risk-free investments like 10-year bonds into riskier assets such as equities or the stock market.
The Federal Reserve's recent rate cut and efforts to reduce the balance sheet may be significant factors in this shift. However, there remains considerable uncertainty regarding the potential outcomes of these tax cuts and policies, which could result in a labor shortage and disruption in the labor market. The inflation accompanying the tariffs could lead to economic contraction, posing risks.
Still, navigating these changes will not be plain, as the central bank is likely to respond to these policies, further deepening the uncertainty.
there will be also some actual improvement in terms of foreign policy which can also lead to capital flowing from outside into us markets
however, any sort of policy led by wall street has historically led to disasters and we expect no difference and the taxpayers will be left with the bill tap
again I do not cheer for any party or their ideologies we'll watch the same market on asymmetrical information so make ur own inference
S&P doesn't matterThe time is coming soon but when and at which price will be turned back maybe it is an opportunity to make lots of money hehe, let's wait for the price action and ride a wave hehe I am gonna be a rich person
SPX will reach 6000Stocks are going hyperbolic, not because of a healthy economy but because of unbounded inflation and QE infinity. 1929 will look like a firecracker when this explodes.
S&P500 (SPX500) index looks testing upper trend channelS&P500 index looks testing upper trend channel
This is a very long log charts of the S&P500 index.
S&P500 (SPX500) index looks testing upper trend channelS&P500 index looks testing upper trend channel
This is a very long log charts of the S&P500 index.
The S&P 500 is currently...The S&P 500 is currently hovering around record highs, with many analysts projecting further growth in the coming months. However, the market is facing several headwinds that could impact its performance:
Inflation: High inflation rates could lead to interest rate hikes, which could slow down economic growth and hurt stock prices.
Geopolitical tensions: Ongoing geopolitical tensions, such as the war in Ukraine and tensions between the US and China, could create uncertainty in the market.
Economic slowdown: A global economic slowdown could also negatively impact the S&P 500.
Despite these risks, many analysts remain optimistic about the long-term outlook for the S&P 500. They believe that the US economy is strong and that corporate earnings will continue to grow.
Here are some resources that you can use to get more information about the S&P 500 forecast:
Goldman Sachs: www.forbes.com
FOREX.com: investinghaven.com
S&P 500 Forecast: Will Stocks Continue to Climb? www.barrons.com
It is important to note that no one can predict the future with certainty. The S&P 500 is a complex market, and its performance will be influenced by a variety of factors. It is important to do your own research and consult with a financial advisor before making any investment decisions.
SPX : Saturn Squares Uranus (Heliocentric)The heliocentric Saturn-Uranus square is a potent astrological configuration known to influence significant market cycles, particularly in the SPX (S&P 500) often triggering periods of volatility and sometimes resulting in notable market crashes. Saturn, representing time, structure, karma, and restraint, squares off with Uranus, the planet of sudden change, innovation, and disruption.
This clash between the old and the new brings tension and unpredictability into financial markets, where structures that seem stable may suddenly face upheaval.
Market SnapshotA month or so ago we published an idea titled, Election Surprise, that essentially said it does not matter who wins the U.S. election...the market is still setting up for a massive downturn
What will be the catalyst?
Don't know but if we had to guess it will materialize in the Banking sector
Commercial Real Estate bubble finally bursting maybe?
Again we don't know or care what causes the downturn..we just know that something is coming and we are preparing accordingly
But hey..maybe we are wrong :)
Correction down for SPX500USDHi traders,
Last week my analysis of SPX500USD had been chosen for the Editor's Picks of Tradingview.
It was very funny to read many comments that my analysis was wrong and that it was more likely that this pair would drop then rise.
Now a week later we see who was wrong and who was right and who made a profit.
As a trader you always have to trust your own analysis. Don't listen to other opinions because that is mostly the losing mass that is speaking. I do this for 10 years and I know what I'm doing.
Now next week we could see the finish of wave 5 and after that a bigger correction.
Trade idea: Don't trade. Wait for the bigger correction down to start. After a change in orderflow to bearish and a correction up on a lower timeframe you could trade (short term) shorts.
If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
