SP500FT trade ideas
so where is the new top?most analysts i pay attention to dont try to put an exact top on moves like this. the reason being trend based indications dont work when there is a one sided trade. going above 6000 seems likely, but where it will go in the interim isnt clear. it doesnt need to be clear for maintanance on remaining long with the trend.
ive marked out the support and resistance in bull or bear terms based on POC.
6-11 US500:Due to clarity around the elections, there is massive trading in shares again. We take a buy position at 5,933. The MACD does indicate a trend change, but we remain cautious.
6-11 Nas100: elections have been so all positions can be taken again. that can be seen on the Nas100. we have taken a small position at 20,790.
US500 morning analysisTechnical analysis for US500.
Impulse from 5 August 2024 low playing out.
Bears see price stopping below 6197 to complete wave (5).
Bulls see extended impulse and median line of pitchfork as target.
Bulls and Bears zone for 11-06-2024Yesterday's rally has continued into ETH session and market will open with a big gap up.
Therefore, we might see traders taking profit after such a gain in a day.
Level to watch: 5932 --- 5930
Comparing S&P 500 and Dow Jones Industrial Average YTD ChangeThis chart compares the S&P 500 index to the Down Jones Industrial Average index YTD Change which is to be used for FNCE 303 assignment #2
Down Jones Industrial Average YTD ChangeThis chart highlights the Down Jones Industrial Average YTD Change to be used for FNCE 303 assignment #2
Elliott Wave View Calling for S&P 500 (SPX) to Extend HigherShort Term Elliott Wave View on S&P 500 (SPX) suggests rally from 8.5.2024 low is in progress as an impulse. Up from 8.5.2024 low, wave 1 ended at 5651.6 and pullback in wave 2 ended at 5402.6. Index then extended higher in wave 3 towards 5878.4 as 45 minutes chart below shows. Wave 4 pullback unfolded as a Flat Elliott Wave structure. Down from wave 3, wave (a) ended at 5821.17 and rally in wave (b) ended at 5863.04. Wave (c) lower ended at 5762.4 which completed wave ((a)) in higher degree.
Bounce in wave ((b)) unfolded as a zigzag structure. Up from wave ((a)), wave (a) ended at 5817.8 and wave (b) ended at 5784.92. Wave (c) higher ended at 5862.8 which completed wave ((b)) in higher degree. Index resumed lower in wave ((c)). Down from wave ((b)), wave (i) ended at 5802.17 and wave (ii) ended at 5850.94. Wave (iii) lower ended at 5702.8 and wave (iv) ended at 5772.5. Final leg wave (v) ended at 5696.06 which completed wave ((c)) of 4. The Index has turned higher in wave 5. Near term, as far as pivot at 5696.09 low stays intact, expect the Index to extend higher.
SPX500USD M15 Not Perfected SetupSpoken about the not Perfected Setup… where the highest of the sixth and seventh candle It’s not superseded by the highest of the eighth or ninth candle.
So you can expect that in the next 3 to 5 candles, the Setup high (Also, the highest of the sixth or seventh candle) should be superseded before retracement proper.
They noted in this chart that the purple box should be broken into and above.
Let’s watch the demonstration…
S&P 500 Wave Analysis 5 November 2024
- S&P 500 reversed from support area
- Likely to rise to resistance level 5850.00
S&P 500 index earlier reversed up from the support area located between the key support level 5695.00 (which reversed the index for 7 consecutive days at the start of October) and the lower daily Bollinger Band.
This support area was further strengthened by the 38.2% Fibonacci correction of the sharp upward impulse from the start of September.
Given the clear daily uptrend, S&P 500 index can be expected to rise further to the next resistance level 5850.00 (former minor resistance from the end of October).
SPX500: Testing Support for Future UpsideHello,
VANTAGE:SP500 is approaching a retest of its support levels, and if confirmation occurs later for bullish upside, it could lead to more upside potential.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
US Presidential Election Posted a sell analysis about 2 weeks ago.
US presidential election today.
Market is going to have a lot of volatility.
Might see the market goes up from here.
Past data shows that market tends do well.
I'm staying off the market this week
and wait for things to settle before looking for next setup.
Risk-on Risk-off Market Snapshot, 05/11/2024Election Jitters: U.S. Presidential Race Fuels Risk-Off Sentiment Amid Policy Uncertainty and Global Tensions
The U.S. presidential election is significantly influencing risk-on and risk-off sentiment as investors brace for potential shifts in policy that could impact economic and market stability. With the election approaching, uncertainty around the potential outcomes and their implications for fiscal, trade, and regulatory policies is driving a more cautious, risk-off sentiment among market participants.
In typical election cycles, markets tend to exhibit volatility as investors anticipate changes in the policy environment. For 2024, there is particular focus on key issues such as tax policy, technology regulation, healthcare, and foreign policy—all of which could have far-reaching impacts on sectors like tech, healthcare, energy, and financial services. Market participants are also considering the candidates' approaches to fiscal stimulus, which may affect economic growth projections and thus influence the overall risk environment.
Additionally, recent geopolitical tensions in the Middle East and ongoing conflict in Ukraine are intensifying risk-off behavior. Investors are favoring safe-haven assets like the U.S. dollar, gold, and government bonds as they hedge against potential economic disruptions that might follow election results, especially if there are significant shifts in foreign policy.
However, specific sectors may also show risk-on tendencies if the anticipated policy shifts favor growth or deregulation in areas like infrastructure, clean energy, or technology. For example, market segments aligned with clean energy could see optimism, while regulatory uncertainties may weigh on tech stocks. Overall, the looming U.S. election is adding a layer of risk-off sentiment as investors weigh the prospects of economic shifts in a complex global landscape.
Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.
2 Important levelsThese are 2 important levels
It can drop to the bottom green line and could rise again to the upper line.
MY SPX500USD LONG IDEA 04/11/2024Direction: Long
SL: 5,619.1
Checklist:
- MA 20 going Upward
- Break of Trendline
- Fib level
- Bounce from a Support/Resistance
- Penetrate a Support/Resistance
- Edgefinder Score
- Correlation Confluence
- Trading Central Preference
Technical:
1. MA 20 Yellow is above MA 100 and 200 (Purple and Red).
2. No strong trendline reading but if it breaks my bullish purple line then price will go up.
3. Price bounced off from a Resistance zone.
4. FIB level 0.38 @ 5701.3 .
5. Tradingcentral tool signaling Rise on Time frames 15m,1h,4h and daily at the moment.
6. Q4 seasonality is bullish.
Fundamental and economic:
1. I use Edgefinder tool which shows me a score of 2 "Neutral Bullish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD and stocks.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
5. USD is on the rise after a recovery.
6. VIX spiked a little and is calming down.
SPX500 Long D1Buy Stop Entry @ 5648.70
S/L @ 5097.10
T/P1 @ 6202.80
T/P2 @ ---------
R.R.R. @ 1/1
Pure Price Action analysis based on Breakout of target level.
3 peaks reversal #spx #au $spx $auHad to switch to NYSE:AU for my #gold stock vs the stock market ratio chart because NYSE:NEM bad quarter skewed the chart too much.
For your viewing pleasure and to come up with your own ideas.
Is this a beautiful {three peaks} top?
Is this a possible 1976 moment? Or a 2000 one?
US500 morning analysisTechnical analysis of US500.
The key support in this analysis is 5088.9, the 5 August 2024 low.
For the median (red) line of the pitchfork to be tagged, wave ((5)) will need to be expanded; therefore, price would now be in wave (2) of ((5)), with fib support, pitchfork support, and potential buying area in the 5300-5500 range.
The bearish case would have the top being in, and if this occurs, pitchfork support then price support will fall in an impulsive manner, with bearish targets below October 2022 low.
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.
