SPX targeting 5990 before correctionIn my view SPX is now forming the head of an inverse head and shoulder pattern targeting 5990 in mid november
SPX trade ideas
US500 Bearish Trend in Coming DaysI am looking Bearish Trend of Us500 in Coming Days, Monthly Candle Sweep Previous Candle.
Bounce from June low or Return to the channel from 2008-9?Hello,
As always to my analysis, I cannot align myself to either bull or bear. Anyway. Here is my idea on SPX towards 2024.
After I've drawn upward trendlines from 2008-09 bottom and marking the bottom of RSI, I think SPX could bounce back at 3750 (Sep 2022) and test the record high towards 4800. This may be plausible because the market rallies after mid-term election (in the U.S.).
Of course the macro is cooling down and when the fundamentals are considered, the pricing of the each (many) equity is still historically expensive. With these regards, perhaps the market would move toward 3200 to make a good return to the rising channel from 2008.
Overall, FED has done terrific job to relief the damage from the pandemic. But maybe the monetary easing was little too much.
Thanks for reading!
I am not a professional but buy and hold investor. As many of you, I've lost quite a bit from the beginning of this year but anyways the journey continues.
SPX500 TREND LINES, PIVOT and APEX 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. Expected Movement for the rest of the year will be in between the two apex points 5410 and 5747. Any Voilation of these points will determine the further direction of the SPX price movement.
S&P 500 BUY ANALYSIS DOUBLE BOTTOM Here on S&P 500 price just form double bottom and has broken line 5781.3 which means there is a chance of rising more and trader should go for LONG with expected profit target of 5815.6 and 5854.6 . Use money management
Us500 long signal using supply and demand Spx is on a bull run throughout 2024 , the bet is for the index to move higher catalyzed by us elections which iam using as tailwind to propel it higher ( the election might turn out to be a headwind who knows )
Price is at weekly demand and the daily trendline is broken.
A fibonacci extension target is above.
S&P 500 Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook:
During the current trading session, the S&P 500 index has exhibited significant strength by successfully filling the projected gap, as detailed in the S&P 500 Daily Chart Analysis dated November 1. This upward movement has facilitated a substantial rebound, as the index has retested both the Outer Index Rally level of 5861 and the Key Resistance level of 5865. Furthermore, the index has completed the Outer Index Rally threshold 6000, suggesting a promising potential for additional increases toward Outer Index Rallies at 6123, 6233, and 6418. Nevertheless, it is essential to recognize that achieving the Outer Index Rally 6000 level may prompt a downward price movement towards the Mean Support level of 5929 before progressing into the subsequent phase of the bullish trend
US500 SMART MONEY PLAY Smart Money Play for US500
The setup suggests a potential for continuation in the primary uptrend but warns of possible near-term exhaustion. This strategy focuses on monitoring support levels during a pullback to position for a high-probability entry in line with the trend.
1. Identify Key Support Levels for Potential Pullback
• Daily HVN Nodes: The daily HVN nodes at 5831 and 5710 represent strong support zones. If price retraces to these levels, they are likely to act as points of buying interest, especially if aligned with bullish indicators on lower timeframes.
• 4-Hour Ichimoku Conversion Line: Currently, price is testing the 4-hour Ichimoku conversion line. A sustained hold at this level would signal a continuation of the uptrend, while a breakdown could open the door for a deeper pullback.
2. Monitor ADX and DI for Trend Continuation or Exhaustion
• Daily ADX: With an ADX of 22 and positive DI above negative DI, the daily trend is bullish but not overly strong, suggesting room for a potential continuation if support holds.
• 4-Hour ADX: The 4-hour ADX at 50, with the ADX line well above both +DI and -DI, indicates possible trend exhaustion. This level, combined with bearish divergence on the RSI, suggests that a pullback or consolidation phase is likely before the trend resumes.
3. RSI and MFI as Momentum Indicators
• Daily RSI: The daily RSI at 66 remains bullish but could retreat to 50-60 on a pullback while maintaining trend strength. A hold above 50 on the daily RSI would support re-entry at a favorable level.
• 4-Hour MFI: With MFI rolling down from 80 to 74, it signals a reduction in buying pressure, consistent with an expected pullback.
4. Short-Term Signals on Lower Timeframes
• 2-Hour MACD: The dark red bearish signal on the 2-hour MACD is an early warning for a short-term correction. If MACD starts to turn green after a dip, it could provide an entry signal.
• 4-Hour RSI Divergence: Bearish divergence on the 4-hour RSI further supports a potential pullback. Waiting for a correction here before entering would minimize risk.
Trade Ideas
1. Pullback Entry for Long Continuation:
• Entry: Consider entering long near the HVN nodes at 5831 or 5710 if price stabilizes. Look for bullish signals on the 2-hour or 4-hour MACD and RSI to confirm that buyers are returning.
• Stop-Loss: Place stops just below 5710 to account for volatility but avoid exposure if the pullback deepens.
• Target: Aim for an initial move back towards the upper Bollinger Band on the daily (around 6000+) or even higher if the trend resumes strongly.
2. Alternative Short on Short-Term Weakness:
• Entry: Consider a short position if price fails to hold the 4-hour Ichimoku conversion line, aiming for a target near the daily HVN nodes (5831 or 5710).
• Stop-Loss: Tight stop just above the recent high at 5973, minimizing risk.
• Target: Look for a retracement to the 5831 node, where support may resume.
Summary of Smart Money Play
1. Trend Bias: Bullish overall but with caution for near-term exhaustion.
2. Setup: Wait for pullback confirmation to key support for a low-risk entry.
3. Entry Trigger: Use MACD and RSI on lower timeframes to confirm a resumption of buying pressure on pullbacks.
4. Risk Management: Stops below support for long positions and tight stops above recent highs for shorts, targeting the daily upper Bollinger Band on continuation or HVN nodes on retracement.
S&P 500: 96 year old resistanceWorking our way up to a resistance line that has never been broken. Are we entering a new age of AI and abundance? Or not yet? Or not at all?
S&P 500 Change of CountsThe new high made during this election day has made me change the count. A reader of my post did comment and share a link on this new count which I did have in a couple of my posts, but I have to admit a mistake as a mistake and a bias as a bias.
Now that S&P has made a new high, we must have a new target. Based on Elliott Wave, there IS A MAXIMUM target of 6208.5 based on Oanda CFD. This is because wave 3 is currently the shortest wave and that is not allowed in EW (the alternative is that this wave 3 is actually wave 1 of 3). But any price below 6208.5 is good as a peak. We have to wait until wave structure firms up before making another call.
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
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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
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...
GAME OVER!!!...ASCENDING WEDGE BROKEN DOWN!!...TIME TO GO!!!The pattern is similar for QQQ and SOX. Market is very vulnerable now. Optimism professional and retail is at all time high now. We may not even need a catalyst. ITS OVER!!!
Very soon we may be at the neckline. Major indexes may be forming a giant Head and Shoulders reversal pattern (it is clearer on QQQ and SOX, or MSFT because they are weaker). We may now have just started the right shoulder.
Disclaimer: Don't trade based on this message. I may be completely wrong.
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 Potential Short!SPX500 made a strong
Move upwards and the indice
Will soon retest a horizontal
Resistance of 5859.42 from
Where we will be expecting
A local bearish pullback
And a move down !
SPX: Critical Levels and Volatility Ahead Amid Key Data ReleasesTechnical Analysis
The price is likely to 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 5,732 and 5,715, paving the way for a drop toward 5,675.
Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices.
Key Levels:
Pivot Point: 5748
Resistance Levels: 5781, 5803, 5824
Support Levels: 5709, 5675, 5643
previous idea:
Wave 4 nearing the end 5703 to 5696 wave 5 5935 plusThe chart posted is the cash sp 500 .I sold longs the other day small gain then moved to a 90 to 100 long puts in the money and sold for a nice gain at 4;15 pm as the min abc down was formed . since then we broke hard the timing from july 16 called for a top and drop . so now what is that the TOP TOP I have an issue with it as it was a low bull sediment and A high short term put.call I see this decline as wave ABC down for wave 4 and should hold 5703 to 5696 and then Turn up We are how ever being held back until the new moon at 8.47 am We should see a very strong move in the direction up to see a print min target 5935 to as high as 6118 with 6012 as the most likely price I will how ever be selling LONGs at 5921 and up and buying in the money puts at these prices . Best of trades WAVETIMER 2024 was a great year again $$$ 43 winning trades flat 8 loss 9
S&P500 Potential UpsidesHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5790 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5790 support and resistance area.
Trade safe, Joe.
S&P500 Screaming Caution!Bearish Rising Wedge building pressure at the bottom of the structure. BAD JUJU!!
Bulls don't be a "dick for a tik"
CAUTION!
10/28 GEX of SPX for this weekThis week is especially exciting because, on Thursday, we’ll be releasing our automatic GEX level indicator! (Halloween night, yes, very spooky...) Here's a little preview of what’s coming—just a few more days to go, and we can hardly wait!
Based on the key aggregated GEX levels valid as of today's market open, we can see that SPX started the week in a positive territory following last week's minor correction. Currently, the gamma profile suggests positive outlooks through Friday as the market opened above the HVL level, which is now at 5820.
The primary levels to watch are:
Call Wall (5900): This level, with the highest positive Net GEX value, may serve as a strong resistance point this week. As the price approaches this level, upward momentum may slow as market liquidity tends to stabilize movements here.
Put Support (5800): This is the key support level where negative gamma presence helps cushion price declines. Should the price dip below this level, moves might accelerate, so it’s worth monitoring movements around 5800.
With the gamma profile above the current HVL level (5820), GEX is positive , which can help stabilize the market and support further gains. Observing options market dynamics, this level suggests the direction of momentum, where market participants may anticipate further upside. As we saw last week, this level could mark a point of heightened volatility for SPX!
Additional important levels, like the 2nd Call Wall and 2nd Put Wall, can also be seen on the chart, providing potential barriers and support points for price movements throughout the week. Gamma levels are updated multiple times daily and may shift with market moves.
