#S&P 500Rising Wedge: Often viewed as a bearish pattern when it appears after an uptrend, signaling a potential price drop. Deep Crab: Known for its 88.6% retracement and 161.8% extension. Divergens prices with MACD indicator it strengthens the case for a potential end to the uptrend. Shortby ibrahimtarekibrahim588Published 111
S&P500 - The beginning of the bear market?SP:SPX potentially created a top and is starting to head lower for the next months. We have patterns, cycles and market structure and if everything is lining up nicely, there is a high chance you will be right. The S&P500 is currently retesting a major multi-year resistance trendling, is starting to shift bearish on the smaller timeframes and just rallied +50% without any noticeable correction. In a couple of months, we will trade at lower levels! Levels to watch: $5.500, $4.500 Keep your long term vision, Philip - BasicTradingShort03:26by basictradingtvPublished 8847
SPX swing longIf a low is forming here we should be close to it now. Here’s an SPX trade that has high RR and can perhaps work without much active management if we head into a squeeze. Long 5398 Stop 5336 Target 5989Longby holeyprofitPublished 3315
SPX to 5800 by end of AugustSPX is going to 5800 in August. Invalidated if breaks below the green line.Longby AlbCMUpdated 3
SPXHad a high @ Quarterly pivot, now we should see a bounce around monthly pivot (red) marked off on the chartShortby patricktapperPublished 1
Is the US stock market still bearish?📊According to the selling pressure in the market, if the range of 5405 units is broken and the price stabilizes below it, the price may fall to the range of 5370 units🎯, and in case of strength, the range of 5330 units🎯🎯. 📊Otherwise, the possibility of price increase up to the range of 5485 units.Shortby arongroupsPublished 1110
S&P 500 approaching trendline supportFollowing the technology-led drop, the S&P 500 is now nearing potential support around 5390. This is where a bullish trend line going back to October comes into play. It will need to hold this trend line on a daily closing basis to keep the bulls lurking for fresh opportunities. But if the selling continues, then the next possible support area to watch is the highs made in April and May between 5277 to 5350. Below that area, there’s not much support seen until long-term support and the 200-day moving average near the 5,000 zone. Therefore, the bulls better step up their game near these short-term support levels to prevent a larger drop. The bulls need confirmation that the market has at least made a temporary low, given extent of the decline this week and the fact that the market is not quite at the oversold levels of 20 on the RSI indicator yet. By Fawad Razaqzada, market analyst at FOREX.com by FOREXcomPublished 2
SPX may bounceIntraday Update: Bear flag pattern nearly complete in the SPX, and the 38% retracement of the April 18th lows to July 15th highs is less than 40 points away. With RSI's oversold intraday, we are at risk of a near term bounce. Longby ForexAnalytixPipczarPublished 1
S&P 500 : Stability Amid Breakout PhaseS&P 500 Analysis: Stability Amid Breakout Phase The S&P 500 has experienced a price drop of approximately 100 points after stabilizing below the breakout zone at 5525. It is currently consolidating within the range of 5460 to 5409. Bullish Scenario: For a bullish trend to emerge, the price must reverse and stabilize above 5460, targeting upward movements towards 5491 and 5525. Bearish Scenario: Should the price continue its decline, it is expected to reach 5409. Stabilization below this level would indicate a downtrend, with further targets at 5372 and 5346. Key Levels: - Pivot Line: 5438 - Resistance Levels: 5460, 5490, 5525 - Support Levels: 5409, 5372, 5346 Today's Expected Trading Range: The anticipated trading range for today lies between the resistance at 5460 and the support at 5372. This refined analysis provides a clear outlook on the potential bullish and bearish scenarios, emphasizing key levels and expected movements within the current trading range.Shortby SroshMayiPublished 4
Bearish Signals on the S&P 500Despite recently reaching an all-time high of 5,669, the S&P 500's monthly chart is on track to end July with a bearish shooting star candlestick pattern, snapping a two-month bullish phase. Follow-through selling on the chart could see the unit trade as far south as support at 4,776. Meanwhile, on the weekly chart, last week ended in a bearish engulfing candlestick pattern (which focusses on real bodies, not upper and lower shadows), with the market index down -1.4% week to date. Channel resistance-turned-support extended from the high of 4,607, coupled with support coming in at 5,264, calls for attention as the next layer of support. Therefore, in addition to monthly and weekly charts showing negative divergences from the Relative Strength Index (RSI), chart studies demonstrate the scope to press lower until connecting with weekly support around 5,300. Shortby FPMarketsPublished 0
US500 IN BEARISH TRENDUS500 Protentional Buy opportunity. Price Drop with Gap and trend shall fill it from buy side. Instrument is at supports levels.ULongby MIRZA_TRADSPublished 0
US500 Will Go Lower! Short! Take a look at our analysis for US500. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5,614.6. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,519.1 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. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 115
SPX broke the trend line with a gap. Time to sell rallies?Since April, the SPX has risen around 15%, and since November's low, it has increased by almost 40%. This is quite significant for such an index, making us wonder if this rise is fundamentally justified (in my opinion, it is not). But, as they say, "trade what you see, not what you think". What we saw was a strong upward move. However, keeping this expression in mind, we also observed a breakdown with a gap yesterday, which was not filled during the day, indicating a "gap and run." My preferred strategy for the index is to sell on eventual rallies above 5500, with a target at 5250. This strategy would be negated by a new all-time high (ATH). Shortby Mihai_IacobPublished 8818
SPX Reversal SPX has just topped out after forming a very Bearish Ending Diagonal! Shortby XCryptonacciXPublished 1
I see in a 1W tf a reversal pattern I am waiting under the 5K .. not a financial advice , have a great trading dayShortby TradingLDiaPublished 0
S&P 500 SEAT AND RELAXS&P500 - this week not very good on index. So this week we relax first. Seat and sip the tea with profit last weekby TREND-TITANPublished 0
Could be a top here. Stop loss on this idea would be much tighter than shown. Just hard to show it visually. My entry here is 5650 and stop is 5683. I'd not think 5670 would break if we're making a high. If a high is made, even in a retracement a big drop is fair game here. Like the RR. Shortby holeyprofitUpdated 339
SPX500#SPX500 - H1 📣 Looking at the 1-hour timeframe, with a breakout of the conversion level around 5593, we can expect the index to rise towards the 5670 zone. ⛔️ Stop loss: 5540 On the other hand, a break below the 5540 zone could signal an opportunity to short the index with a target of 5450. ⛔️ Stop loss: 5593by FXSMARTTUpdated 4426
S&P 500 Correction Coming ???Looking at the chart patterns, it looks like we are starting an ABC correction. Given the fundaments, recent highs, and going into an election at the end of this year, I suspect this ABC correction scenario will play out. There is a bullish case which would be an interest rate drop and this could lift the markets higher, but given the recent highs, this could already be factored into the price. With the Bearish case, we are going into the election and markets hate uncertainty, plus a possible Black Swan Event or Cyber Security issues could cause a bear market and go into a big correction. For now, I suspect the ABC correction is highly possible. Shortby FinancialLibertiesPublished 3
S&P 500 Elliott wave expected correction and buy areasDue to completed 5 impulsive waves I expect a correction for the index. Red levels are very important. Black levels are related to Gann square of 9. Shortby heshamahliPublished 2
Main Focus List Review 7-24-24Going over our Main Focus List looking for signs where to trade and how to position for next sessions.09:01by BobbyS813Published 1
US500 - Decision Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. US500 has been overall bullish trading within the rising channel marked in red. This week, US500 is in a correction phase and it is currently retesting the lower red trendline. 📈As long as the last low marked in red holds, we expect a bullish continuation. 📉 In parallel, if the last low in red is broken downward, a deeper correction towards the lower orange trendline and zone would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalystPublished 116
US500 Will Move Lower! Sell! Take a look at our analysis for US500. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 5,563.4. Considering the today's price action, probabilities will be high to see a movement to 5,504.6. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 115