SPX500 trade ideas
SPX 500 Cup completed handle formation SPX500 has been creating a rounding bottom form 2021 to 2024 and we have tested the neckline we are expected to created a handle and retest 4350 and then it should push towards 5400-6200 range in the next few months.
Sell OpportunityPotential Trade Setup:
Short Position: The analysis suggests a short trade idea based on the rejection at the top and the weakening momentum.
Entry: Around $5,875.57 (current level).
Stop Loss: Above recent highs (potentially around $6,036).
Take Profit: Targeting a move down to $5,448.32, which is a 7.27% decline from the current price.
Risk-Reward Ratio: The setup targets a significant downside move, making it a potentially high-reward trade, assuming a well-placed stop loss.
Analysis Breakdown:
Current Price Action:
The S&P 500 is currently at $5,875.57 after a significant upward trend.
There is a visible rejection near a recent high, suggesting a potential reversal or pullback.
Volume Profile:
The volume profile on the left indicates areas of high trading activity (high liquidity zones).
Strong volume nodes can be seen at the $5,560 level, which may act as a support area during a pullback.
Support and Resistance Levels:
Resistance: Key levels are marked around $6,016 and $6,036, representing recent highs.
Support: There are several support levels, with the critical zone highlighted at $5,560.47. Below this, the next support is seen at $5,446.54 and $5,359.70.
Trend Line:
The trend line shows a break or a test of the uptrend, which could indicate a bearish move if the index fails to hold above it.
Squeeze Momentum Indicator:
The Squeeze Momentum Indicator at the bottom is green, indicating bullish momentum, but there are signs of slowing momentum, which could precede a pullback.
spx longall stocks look like to gain more power to upside
5980 is my max target. but possibly go up further more until end of this month.
I see some bearish signal in october but before it is bullish
Nightly $SPX / $SPY Predictions for 11.18.2024 🔮
🔑Key Market Events:
🛍️ Earnings: NYSE:WMT (11/19), NYSE:TGT & NASDAQ:NVDA (11/20), NYSE:DE (11/21)
📈 Consumer Sentiment (11/22)
SPX500Forex trading involves higher leverage (up to 50:1) and 24/5 market access, focusing on currency pair movements affected by economic data, interest rates, and geopolitical events - the key risk is that high leverage can quickly amplify losses, plus overnight positions face swap fees and gap risks during major news. Stock trading typically offers lower leverage (2:1 to 4:1), operates during exchange hours, and focuses on company fundamentals, earnings, and broader market sentiment - main risks include earnings surprises, market volatility, and lower liquidity in individual stocks compared to major forex pairs, while key advantages include better transparency through public financial reports and generally lower spreads than exotic forex pairs.
we gonna hold this channel ?Depends on the wider geo-economic factors. Trumps run-up to the presidency. Fingers crossed for a smooth ride.
$SPX Who Did That?One thing is for sure, the market programmed their algo's to draw the Republican Elephant all over the SP:SPX charts and stampede away with retailer profits.
Come Monday we will rally off this line of gap support and head up to sweep liquidity at previous highs. Once we grab the liquidity we will really find out who is in charge.
Elephants, or Donkey's?
The market will top in November 2028. Sp500 will reach near 9000Looking at the parabolic move of Sp500 and her parallel rising channel, EW, Fibonnaci and other indicators, my guess is that we are going to see three more years of bull run with a top almost at 9000 pips.
We are probably in Wave 3 and a 10% sell off is going to be seen in 2025. After that two more years in a massive blow off top.
Potential channelThinking of possible scenarios. You can ignore the arrows, just pay attention to the orange channel. It is not confirmed as long as there is only one bottom hit, but its bottom may serve as a support at some point. I'm not calling for a crash, but 10% correction in the near future seems probable to me.
How I Identify Key Levels?(daily,weekly,intraday)How I Spot strong Support and Resistance zones on difference timeframe?(daily,weekly,intraday)
Larger Timeframe for SIGNAL , Smaller Timeframe for ENTRY
Example I used in video are :
1min vs 5min
3min vs 15min
5min vs 15min
Daily vs Week
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.
SPX parallel channelParallel channel for SPX for 6 month period. SPX touches upper trendline, this means it could go down, how much is a 1 million dollar question . Is this enough long description?
$SPX Analysis, Key Levels & Targets - I took 5890/5880 bull putsOK, so we opened right at the bottom of the implied move here 5910. I did just sell 5890/5880 bull put spreads on the day. That gives us a little bit more room if we do fall and then we have that 30 minute two removing average momentum underneath us which I think will give us the pushback up to close above 5890.
Bulls and Bears zone for 11-15-2024S&P 500 has been negative for last four sessions. Could we see a potential gap fill trade in near future.
Level to watch: 5946 --- 5944
Report to watch:
U S Business Inventories 10:00 AM ET
S&P 500 Potentially BullishFOREXCOM:SPX500 has been in a bullish direction. We have seen it make new highs and right now it is coming for a retest on the previously broken high. I will wait for a retest and see some price action at the 5,875.2 area before going long.
Until then, fingers crossed.
Past results does not guarantee future results, please do your due diligence
Like and follow for more
maybe Maybe the price will be checked 5700. If the graph gets double top then price will be break the neckline. It will be checked more under 5700
US500, bearish analysisBearish count for US500.
Based on the premise that failure to tag the median (red) line means return of price to October 2022 low.
Key support is 5696.3 and below that 5088.9.
Break of 5 August 2024 low on impulsive price action would likely validate this count and eventual bottom 2765.6-3490.2.
SPX500the Standard & Poor's 500
The SPX 500, also known as the Standard & Poor's 500, is a stock market index that was created to serve as a key indicator of the performance of the U.S. equity market
Falling Wedge on SPX Falling Wedge on SP:SPX spx could see a test of the 5930 Level, Fill the Gap and back up from there, if not expect a flush down to 5900 and retest 5880. We do not want to lose the 5900 level or bears will be feeling good and think they can fill the gap Below around 5860 That gap is very large and runs down to 5780 roughly.
The S&P 500 is a...The S&P 500 is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. It is widely regarded as the best single gauge of large-cap U.S. equities.
UPDATE ON S&P500 ANALYSISS&P500 4H - Who managed to catch the Case Study video I put up at the start of the week? As you can see price has played out perfectly, giving us the opportunity to buy into this market.
I gave two alternatives, either to go short on the basis we break the last protected low or to go long if we trade into the area of Demand and reject well from it, as you can see we had good rejection and price has given us the opportunity to buy.
This is a bullish market as we know so its important we are trading with the prevailing trend, taking our time and timing it right to get involved with this market, precision is important when we look to take part in the markets.
This was a precise entry that has played out tenfold, well done to anyone who checked out the case study video and placed a position in this market based on it. I will update you all with any other opportunities that arise.
