Election price floor test We are witnessing an election price floor test.
There will be great movement by end of week either bounce off or drop below on binary election.
SP500FT trade ideas
Market SnapshotIn every financial crisis in the past the professional market analysts (i.e. talking heads and article writers) from the major firms waited too late to tell you the house was on fire..and they always said things are better than they were
Do you know why that is?
Its because they have to protect AUM (Assets Under Management) at ALL COSTS...even at the costs of your investments
The last thing they EVER want you to do is SELL
Plan accordingly people
S&P 500 Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook:
During the current trading session, the S&P 500 index exhibited considerable weakness by completing the Inner Index Dip at 5733, in conjunction with the Mean Support level of 5798, while leaving the gap by not reaching the secondary Mean Support level of 5700. This development of fulfilling the gap will likely stimulate a significant rebound toward the Mean Resistance level of 5775, with the possibility of further extension. The 5700 support level is critical for facilitating a primary recovery and advancing into the subsequent phase of the bullish trend. However, it is imperative to acknowledge that achieving and penetrating the 5700 level could instigate a downward spiral in price action to Mean Sup 5620.
S&P500: 1D MA50 hit after 50 days. Is it a buy?S&P500 just turned bearish on its 1D technical outlook (RSI = 44.346, MACD = 12.360, ADX = 37.705) as it hit yesterday the 1D MA50 for the first time since September 11th. The Channel Up since August is intact and each of its two previous Lows took place on the 1D MA100 and 1D MA200 respectively, so each time an MA period higher. The 1D RSI is also reversing on a similar pattern as those two Lows. Our Target is the top of the pattern (TP = 6,000).
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Is SPX500 Poised for an Upward Movement?OANDA:SPX500USD
Daily Chart
Current Price: 5,812.8
Analysis: Falling Broadening Wedge:
Upon analysing the daily chart, the price is forming a Falling Broadening Wedge pattern, which typically indicates a continuation of the prevailing trend. This pattern often suggests increasing volatility, leading to a potential bullish breakout if the price breaches resistance levels.
Support Levels:
• 5,703.1
• 5,625.0
Resistance Levels:
• 5,937.5
• 6,015.6
• 6,097.0
Happy Trading!
Stay tuned for further updates and insights.
Final waveThe price has hit the bottom of two ascending channels yesterday. Perhaps the last wave has just begun. I'm not stating that it will reach 6000, but If the price stays inside the blue channel, it can potentially reach 6000 by November 20. If the price drops out of any of the channels, it will be a strong bearish reversal signal.
SPx / Critical Levels to Watch for Bullish or Bearish MomentumS&P 500 Index Technical Analysis:
To initiate a downside move, the price needs to stabilize below 5,863. However, any quick break above 5,863 would likely propel the price towards 5,891.
Bearish Scenario: Stability below 5,863 would open the path to 5,824 and 5,803. A 4-hour candle close below 5,781 would activate a stronger bearish zone, allowing for further declines.
Bullish Scenario: A successful breakout above 5,863 would signal potential for a move to 5,891. A further break above 5,891 would confirm the bullish trend, with an extended target of 5,939.
Key Levels:
Pivot Point: 5863
Resistance Levels: 5891, 5939
Support Levels: 5824, 5803, 5781
Trend Outlook:
Bearish below 5863
Bullish above 5863 and 5891
S&P 500: Key Levels to Watch as Election NearsWith the U.S. election right around the corner, the markets are primed for a week of intense action. As traders settle in for what could be a wild ride, we're zeroing in on the S&P 500’s most important support and resistance zones.
Anticipated Surge in Volatility and Volume
As election day arrives, expect a surge in both volatility and volume, especially in bonds and currency markets. Last Thursday’s market sell-off set the tone, with heightened swings likely to spill over from futures into the open markets by mid-week.
Adding fuel to the fire, the Federal Reserve’s decision on Thursday could be another volatility catalyst, particularly if the central bank makes a surprise move on rates. Right now, option data on the S&P 500 suggests that the market is bracing for a potential swing of over 2%, indicating expectations of a lively week.
Whilst volatility is the life blood of short-term trading, only the prepared are likely to benefit as wild swings tend to spark panic among those without a plan. With this in mind, let’s take a look at the key levels to watch on the S&P 500…
Key Levels to Watch on the S&P 500
On the technical front, the S&P 500’s long-term uptrend has taken a breather, and last Thursday’s drop brought the index back to a critical area: the 50-day moving average (MA). This level, which aligns with the July swing highs, has held up well so far, and it’s a key line of support that many traders are eyeing as we move into the election. If this support gives way, the next stop is the September lows near the 200-day moving average—a level that often serves as a guardrail for the broader trend.
For resistance, we’re watching the top of Thursday’s gap as the first challenge for any bounce attempt. Above that, the trend highs present another barrier, where the bulls will need solid momentum to push through. These levels provide a solid framework to navigate the week ahead, where a breakout or breakdown will likely signal a directional shift in the broader market sentiment.
S&P 500 Daily Candle Chart
Past performance is not a reliable indicator of future results
Using Anchored VWAP to Gauge Market Control
When it comes to analysing who’s in control of the market—bulls or bears—anchored VWAP (Volume Weighted Average Price) is one of our go-to tools. Here’s how we use it: by anchoring a VWAP to the recent highs, we get a read on where sellers are likely to assert pressure. This essentially serves as a ceiling, marking where bearish momentum could reassert itself. On the flip side, anchoring VWAP to recent lows shows us where the buyers are holding their ground, creating a critical support point.
These anchored VWAP levels act as dynamic markers of control, giving us a pulse on the ongoing battle between bulls and bears. In a week like this, with election headlines swirling and technical levels tested, VWAP is an invaluable tool to track whether buyers or sellers have the upper hand at any given moment.
S&P 500 Daily Candle Chart
Past performance is not a reliable indicator of future results
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SPx / Bearish Momentum Awaits Retest, Key Levels in FocusTechnical Analysis
The price will likely attempt a retest around 5,755 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643.
Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,734. A 1-hour or 4-hour candle close below 5,734 could activate the next bearish zone.
Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850.
Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,715, paving the way for a drop toward 5,675.
Key Levels:
Pivot Point: 5734
Resistance Levels: 5755, 5781, 5803
Support Levels: 5715, 5675, 5643
Knifecatching for a small retrace?three white soldiers
daily support level
4 hr order block
support turned resistance not tested yet
S2 lvl
etc
What do you think?
US500 Bearish Trend in Coming DaysI am looking Bearish Trend of Us500 in Coming Days, Monthly Candle Sweep Previous Candle.
SPX500USD Will Go Up! Long!
Please, check our technical outlook for SPX500USD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,779.8.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5,887.5 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Must watch strategy for banknifty and spx500must watch video (dont skip)
1) follow 1 strategy
2) market conditions
3) best entry points
4) discussed risk management
5)how to use my strategy
Stock Market ft. The BIG SHORT.Election coming, looks to be priced in as we speak, expect a drop, probably more severe than my chart if the conditions are met BELOW..
Conservative levels to short above (no guarantee we are coming back to those levels) as the futures market can continue to plummet as early as Monday next week.
I expect a heavy forecast of rain up until the election and after, we are about to see some crazy $%^& in the next few months,
Price is weighted on the weekly, to Target 1, if that level doesn't hold we will see target 2 and target 3 QUICK,
If my price reacts the way I think it is, I will be dropping a multi-year monthly chart to follow,
Good luck traders.
SPX500 H1 | Overlap resistance at 38.2% Fibonacci retracementSPX500 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 5,769.26 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 5,804.00 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance.
Take profit is at 5,727.17 which is a swing-low support.
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SPX500USD Will Go Down! Sell!
Please, check our technical outlook for SPX500USD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 5,736.0.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 5,643.6 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Election Volatility Shakes Up US MarketsS&P 500
● The index retreated from its all-time high of 5,880, initiating a downward trend.
● A breakdown below the Rising Wedge pattern has been confirmed.
● Key support levels to watch:
➖ Immediate support: 5,670
➖ Strong support: 5,400
Nasdaq Composite
● The index has hit an all-time high near the 18,750 level before beginning to retreat.
● After breaking through the trendline support, the index is currently hovering slightly above the next immediate support level.
● If it dips below this support, we could see a significant drop, potentially driving the index down to the 16,670 level.
**This market volatility is consistent with historical trends during US presidential election years. The 2024 election is particularly unpredictable due to conflicting economic indicators and potential delays in results.
November Trading Competition Chart
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(SPX500USD 1D chart)
In order to maintain the uptrend, it must rise above 5738.2 and be maintained.
Since the StochRSI indicator is currently expected to create a double bottom, if the StochRSI indicator rises in the oversold zone, it is highly likely to create a large uptrend.
Accordingly, I think the 5738.2 point is a very important support and resistance point.
-
(XAUUSD 1D chart)
BW(100) indicator is created at 2748.960, and HA-High indicator is created at 2734.472.
Accordingly, the point of observation is whether it can receive support and rise around 2734.472-2748.960.
-
The fact that BW(100), HA-High indicators are created means that a high point section has been formed.
Therefore, if it receives resistance from BW(100), HA-High indicators and falls, you should basically think that the decline is likely to continue until it meets BW(0), HA-Low indicators and respond accordingly.
Therefore, whether there is support around 2734.472-2748.960 is important.
-
Since the StochRSI indicator appears to have entered the oversold zone, we need to check where it is located when it rises in the oversold zone and maintains the state of StochRSI > StochRSI EMA.
-
(XAGUSD 1D chart)
The chart can be seen as already in the process of decline.
However, since it is maintaining an upward channel, we need to keep in mind the possibility of creating a pull back pattern.
Accordingly, the area around 3188144 is expected to be an important support and resistance zone.
The HA-High indicator is created at the 32.99790 point, and the BW(100) indicator is created at the 34.86 point.
Accordingly, there is a possibility that it will be restricted from breaking through the 3299790-34.86 zone upward.
-
(EURUSD 1D chart)
I think the 1.08821 point is a very important section in the trend.
I think it is likely to have difficulty turning into an upward trend until it rises above the M-Signal indicator on the 1W chart.
Therefore, I think it would be advantageous to proceed with a trade after confirming support near 1.08821.
-
(WTICOUSD 1D chart)
The oil chart is in a reverse arrangement.
Accordingly, I think it would be advantageous to trade with a sell (SHORT) position.
It is currently rising above 71.6167 and rising above the M-Signal indicator on the 1D chart.
In order to maintain this rise, it needs to be maintained around 71.955.
-
HA-Low, HA-High indicators are indicators created to trade using the Heikin-Ashi chart.
The fact that the HA-Low indicator was created means that a low point range has been formed.
Therefore, if it is supported near HA-Low and rises, you should basically think of a response plan by thinking that it will continue to rise until it meets the HA-High indicator.
The HA-Low or HA-HIgh indicators are designed to display box ranges differently from other indicators.
Therefore, in order to escape the low point range formed by the HA-Low indicator, it must rise above the upper point of the HA-Low indicator box.
Therefore, it can be said that it has escaped the low point range if it rises and is maintained above the Fibonacci ratio of 0.618 (72.606).
-
StochRSI indicator is not a universal indicator,
but basically
- When the StochRSI indicator is above the 50 point, you should focus on finding a time to sell,
- When it is below the 50 point, you should focus on finding a time to buy.
From that perspective, I think the current rise is more likely to be a rebound rather than a rise.
-
(BTCUSD 1D chart)
The important support and resistance areas from the current price position are as follows:
- 71288.90-72322.91
- 68343.64-69795.79
- 65910.71
The three areas above are important support and resistance areas.
-
As explained on the oil chart, since the StochRSI indicator is below the 50 point, you should focus on finding a time to buy.
Therefore, if you are trading for the first time, you can trade depending on whether there is support near 68343.64.
However, since the current trend is an upward trend, if you trade with a sell (SHORT) position, you need to respond quickly and briefly.
-
(ETHUSD 1D chart)
ETH is currently moving sideways in the box section.
Therefore, the trend is expected to be determined depending on which direction it deviates from the 2272.88-2707.12 section.
Therefore, you should think about trading within the box section and create a response plan.
Then, when it deviates from the box section, you should switch to a trading strategy to eat the trend.
-
Have a good time.
Thank you.
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S&P500 / Bearish Pressure Builds: Key Support Levels in FocusTechnical Analysis
The price will likely attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643.
Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone.
Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850.
Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,715, paving the way for a drop toward 5,675.
Key Levels:
Pivot Point: 5748
Resistance Levels: 5781, 5803, 5824
Support Levels: 5709, 5675, 5643
S&P 500 tests THIS resistance after NFP bounceFollowing the weaker US NFP data and thanks to strong performance from Amazon, the S&P 500 rallied. But this comes hot on the heels of a big drop the day before, which means the recovery could fade if Thursday marked a reversal day in the markets.
At the time of writing, the SPX 500 was testing resistance right around the 5770-5775 area. Previously this was a key short-term support zone until Thursday's breakdown. Now below this area, the 200-period MA and the bullish trend line, could we see this zone now turn into resistance?
If the selling resumes here then the next big area of support below Thursday's low is at around 5670, marking the high made back in July.
By Fawad Razaqzada, market analyst with FOREX.com
SPX500 eyes on 5792 then 5901: possible TOP at Golden Genesis 2%New record highs again and still going?
Might pull back a bit from here, 5792.00
Then likely to hit Golden Geneis at 5901.08
Be VERY careful here, might be some violence.
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Elliot wave, Banner cycle, Market psychology, SPXThe sell of just start , this week (remember )we will see last push up, and that will be the final move... After 5 august , and 17 of october, just my trading view...
