S&P 500 - BULLISH DOUBLE BOTTOMHello Traders ! The S&P 500 Index formed a double bottom pattern. Currently, The neckline is broken ! So, I expect a new bullish move📈 ______________ TARGET: 5563.50🎯Longby Hsan_BenhmedUpdated 8827
S&P500 Huge rebound on former 2year ChannelUp! New Highs coming!The S&P500 index (SPX) reached and held last week the top (Higher Highs trend-line) of the former 2-year Channel Up pattern that was the vessel of market recovery from the 2022 inflation crisis. The results of holding this line have been immediate as this week is so far deep into green and is about to recover all losses sustained from the previous 1W candle. At the same time it is a Higher Low on the (dashed) 9-month Channel Up. Those two developments open the way for a new mega-bullish pattern that has the Support of its former one. As long as the 1D MA100 (red trend-line) remains intact, we still look towards a new Higher High, targeting 6200, which may be a modest Target since it is quite below the +28.56% mark, which is the rise that the previous Bullish Leg had. So far all major long-term rallies since the October 2022 bottom have been around +30%. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShotPublished 2224
FOMC Spurs Rally, signals the end of S&P500 pullback?Boosted by positive news: the Federal Reserve kept interest rates unchanged on Wednesday. Fed Chair Jerome Powell stated that policymakers are closer to cutting rates and, if conditions are met, they might do so as early as the September meeting. This certainly reassured the market. The S&P 500 surged 1.58% yesterday, breaking through the downtrend line, signaling an end to the short-term correction. However, the upper shadow of yesterday's candlestick reached the previous gap level, indicating significant resistance at this point. Therefore, if the price breaks through this resistance level in the coming days, it could trigger a new short-term rally. Longby xugina78Published 1
SPX500 H1 | Strong bullish uptrendSPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,525.07 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 5,483.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is at 5,588.27 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Long03:01by FXCMPublished 114
S&P short analysisAs mentioned, I believe stock market is due for a correction and it started last week with the NASDAQ:GOOG earnings as i have mentioned in my previous post. Today we have $APPL and NASDAQ:AMZN earnings. I think APPL still has some downside potential especially with the earnings in China. US and China trade war affects APPL alot because they have a huge consumer base in China. All this tarriffs is going to hurt the earnings. Magnificent Seven are going to bring the #S&P500 and #NASDAQ down this quarter. A healthy correction is always welcomed. Shortby willisloyefxPublished 3
Bearish reversal?S&P500 (US500) is rising towards the pivot and could reverse to the 1st support. Pivot: 5,578.21 1st Support: 5,507.10 1st Resistance: 5,629.45 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.UShortby ICmarketsPublished 11
US500Acording to my view this bull run is going to continue the whole year,but you can't see this if you are trading in M5 charts,there is no way that you can see this coming but am showing you how you can easily make a million dollar by just buying one of this n patiently wait for remaining mouths to be rich few people's will be in this trains those are investors n strong minded traders they won't mess this opportunity trust me n they are in as am saying,any pull back they add more positions.Longby mulaudzimphoPublished 1
S&P 500 has been quite negative during JulyThe S&P 500 has been quite volatile throughout the week, but it would be remiss not to point out that it ended with a slightly negative candle that has rebounded. In other words, while we are not entirely neutral, it certainly looks like the market is trying to recover. This trend can be observed across all equity markets, suggesting it's only a matter of time before we start taking long positions again. Breaking above the 5500 level should open the possibility for the market to retest its highs. If it breaks down, I see massive support at the 5300 level. by JoelFinancialPublished 3
Long trade Reason...since recent observation of price action (sellside) and reaching a critical pitvol price level...mapped out on the chart (buystops) was the confluence for entry. Buyside trade Trade Details: Date: Tuesday, 30th July 2024 1-minute timeframe (TF) Session: New York Session PM (16:10) Entry Details: Entry Price: 5410.7 Profit Level: 5482.8 (representing a 1.33% gain from the entry price) Stop Level: 5404.4 (representing a 0.12% loss from the entry price) Risk-Reward Ratio (RR): 11.44 Overview 4Hr TF Longby davidjulien369Updated 0
SPX500. Where to look for purchases and sales.Hello traders and investors! Let's analyze the SPX500. Weekly Timeframe Analysis: A buyer's impulse has formed on the weekly TF with an impulse base of $5193.1. The seller performed well, showing a good spread and volume. Key impulse candle from 06/10/24 (candle with the highest volume in the impulse, “KC” on the chart), its close is slightly below 50% of the impulse. I assume that the seller will lower the price to the key candle, where it will be necessary to evaluate the buyer’s actions to search for purchases. Daily Timeframe Analysis: On the daily timeframe, the seller broke through the bottom of the buyer's last impulse ($5577.4). The seller's impulse is not over yet, since there has not been a buyer's candle yet. The base of the seller's momentum is $5680.4. While the seller is protecting the $5577.4 level, it is advisable to look for sales. 2H Timeframe Analysis: On the 2-hour time frame, the price formed a sideways movement (the lower border of the sideways movement is $5577.4). Then the seller broke through the lower border of the sideways movement and launched a short trend. The base of the seller's last impulse is $5568. 50% of the seller's last impulse – $5536.1. On the 8-hour timeframe and the 4-hour timeframe, the price situation is similar to the 2-hour timeframe. The initial level of the seller's last impulse is $5568. 50% of the seller's last impulse – $5536.1. Thus, in the range of $5577.4 - $5568 there is a context for searching for sales on the daily, 8-hour, 4-hour and 2-hour timeframes . Selling Strategy: Seller protection levels $5577.4 or $5568. Seller protection 50% of last impulse - $5536.1 Buying Strategy: When the price reaches the range of $5328 - $5436, look for patterns for purchases. If the buyer returns the price above $5577.4 and protects this level. by AlexeyWolfUpdated 0
SPx Amid Focus on Fed Decision, ADP Jobs Report, & Meta Earning Stock Index Futures Rise as Focus Shifts to Fed, U.S. ADP Jobs Report, and Meta Earnings S&P 500 Analysis: Consolidation Expected Today The market is poised for potential volatility as traders await the Federal Reserve's rate decision, the U.S. ADP jobs report, and Meta's earnings. The S&P 500 is expected to consolidate today, with key movements influenced by these events. Bullish Scenario: If the price remains stable above 5,491, it is likely to reach 5,512. Breaking above this level could push the price further to 5,549. Bearish Scenario: A reversal and stabilization below 5,491 could lead to a decline towards 5,460. Key Levels: - Pivot Line: 5,491 - Resistance Levels: 5,512, 5,525, 5,549 - Support Levels: 5,460, 5,438, 5,409 Today's Expected Trading Range: The price is anticipated to fluctuate between the support level at 5,460 and the resistance level at 5,550.Longby SroshMayiPublished 7
S&P 500 Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: The S&P 500 Index, also known as Spooz, demonstrated a significant downward trend, as analysed in the Weekly Chart for July 19. It reached the anticipated Mean Support level at 5449 and Key Support at 5420. There is an expectation of a swift recovery after reaching these levels, propelling the price toward the designated Mean Resistance target at 5567. Nonetheless, the prevailing price action indicates a sustained primary decline toward the Key Sup 5350 and Inner Index Dip of 5345 in the forthcoming week/week's trading sessions. It is acknowledged that these achieved targets will exert pressure for a robust rebound.by TradeSelecterUpdated 2
S&P500 Will Possibly Rise#trading_idea 💡 🇺🇸 Take a Look at #US500 (S&P500) ! The price has formed a Double Bottom pattern and is attempting to break the key level of 5493. The 20-day MA is below the price, and the Stochastic divergence suggests potential for further growth. Of the 443 companies in the S&P 500 that reported earnings, 78.6% surpassed Q2 EPS estimates. Meta Platforms (NASDAQ) exceeded expectations in profit, sales growth, and guidance, resulting in a 5.5% stock increase. This marks its third consecutive earnings rally, reflecting a rebound in the digital advertising market. 🔼If the price breaks the key level 5493, a rise to resistance 5537 and 5576 is possible. 🔽Otherwise, a return to the support at 5449 or 5402 is likely. 👋 Show "👍" if you believe the price will increase and "👎" if you believe it will decrease.SLongby sabiotradePublished 2
S&P500 INDEX (SPY): Waiting For The Next Move↪️The S&P500 is currently facing a resistance cluster, marked by a strong trend line and the neckline of a wide double bottom pattern. A breakout above this area would signal a strong bullish trend. Confirmation of this breakout would come with a 4-hour candle closing above the resistance. If this occurs, we can expect a bullish continuation towards the 5547 gap.Longby linofx1Published 4
SPX500, 4H Chart: Potential Double bottom forming in SPXSPX is forming a potential double bottom pattern as it approaches the neckline after a half-month retracement. What are the chances of a breakout? Since November 2023, the SPX has been on an uptrend. Despite interest rates remaining high at 5.5%, the excitement surrounding AI and tech stocks has kept the market buoyant. However, recent days have seen a market drop due to a slowdown in carry trade activities. The rise in interest rates in Japan and the potential for US interest rates to drop have prompted funds to withdraw from US stock markets and repay Japanese loans. While the SPX is nearing a critical juncture, the market conditions may not be ideal for a breakout. This skepticism is heightened by the impending earnings reports, with a significant chance that results may fall below expectations. In the short term, the double bottom pattern may form and reach its target if it breaks the neckline. However, in the mid-term, it is too early to confirm a sustained rise. The broader market sentiment, influenced by macroeconomic factors and earnings performance, suggests that the SPX might still face challenges before a definitive upward trend can be established. As always, do your research and proceed with caution. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, any loss of profit which may arise directly or indirectly from the use of or reliance on such information.Sby ThinkMarketsPublished 12
SPX500. The Leap paper trading competitionHi traders and investors! In the previous idea, I analyzed the weekly and daily TF to find price zones for sales and purchases. In terms of sales, the idea worked. In terms of purchases, the pattern has not yet formed. It's time to update analysis. Daily Timeframe Analysis: There is a short trend on the daily TF. The last impulse of the seller is from the level of $5594.4. The key impulse candle is located at the bottom of the impulse (the candle with the highest volume, marked on the chart "KC") This is the daily candle from 07/25 and is the one with the highest volume over the last 3 months. What is interesting is that most of the body of the candle is below 50% of the last buyer impulse on the weekly TF (see the related idea, where there is an analysis of the weekly TF). Hourly Timeframe Analysis: On the hourly timeframe there were more than 3 price touches of 50% of the seller’s last impulse on the daily timeframe; the seller failed to update the minimum, which may indicate the seller’s weakness. Selling opportunities: There is a high probability that the buyer will reach $5504.1 (the minimum of the seller’s previous impulse on the daily timeframe) and $5511 (50% of the seller’s last impulse on the hourly timeframe), where I will watch the seller’s reaction to look for sales. Buying opportunities: It is advisable to search for purchases when the price returns above $5504 and the buyer protects this level. On a 30-minute time frame, this will mean an upward exit from the sideways trend and the protection of this exit by the buyer. by AlexeyWolfPublished 1
SP500the run continues? its been extremely bullish since the last post calling for 6kLongby victorpetarPublished 0
SPX Is Very Bearish! Short! Please, check our technical outlook for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 5,464.03. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 5,282.36 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 111
SPX - Technical Bear Case - Thoughts?July monthly anchored VWAP and the 50% FIB retracement converge. If the price breaks 23 and 38% levels...pain continues for bulls. Thoughts?Shortby capableSeahors22071Published 0
SPX Not looking like a buy the dip opportunity at all. Next target is the coincidental Q and M pivots down near 5,300. That will also fill the gap from June. From there its a wait and see. Either more downside or a recovery after exits and accumulation.Shortby patricktapperUpdated 110
Long trade Tue 30th July 24 Entry 5min TF 13:45 PM NY Session PM Entry: 5439.1 Profit level: 5449.9 (0.20%) Stop level: 5434.1 (0.09%) RR: 2.16Longby davidjulien369Updated 0
S&P 500 - BEARISH MOVEHi Traders ! The S&P 500 Index Failed to create a new higher high ! The support line is broken ! So, I Expect a bearish move📉 _____________ TARGET: 5355.00🎯Shortby Hsan_BenhmedPublished 7724