charts breakdownMarket Overview: The has been trading within a over the past . Currently, we’re seeing significant activity around the level at , which has been tested multiple times. Volume analysis indicates activity, suggesting .
Key Technical Levels:
Resistance Level: – This has acted as a cap for recent upward moves.
Support Level: – A key area where buyers have historically stepped in, providing support.
Trendline Support/Resistance: .
Moving Averages: – Currently, the price is trading these averages, indicating momentum.
Technical Indicators:
RSI (Relative Strength Index): Currently at , suggesting conditions. This could imply that the market may soon .
MACD (Moving Average Convergence Divergence):
Volume Profile: Volume is near the level, indicating .
Potential Trade Setups:
Breakout Trade (if price breaches resistance): Consider entering a long position if the price closes above . A stop-loss could be set below , targeting .
Reversal Trade (if price approaches support): A potential long position near , with a tight stop-loss just below, targeting a return to .
Mean Reversion Strategy: With RSI nearing overbought/oversold levels, there’s potential for a pullback towards the mean, particularly if price encounters a strong resistance/support area.
Risk Management:
Use a stop-loss on each trade.
Given recent volatility, consider a wider stop-loss to avoid whipsaw action but still within reasonable risk parameters.
Adjust position sizes based on volatility and adherence to trading rules.
Conclusion: The shows momentum with key support and resistance levels identified. Traders may find potential opportunities based on setups. Monitoring volume and price action closely at these levels will be crucial to confirming any trade entries.
SPX500 trade ideas
Stocks, BTC & Gold .. my view! Price action after Donald Trumps win shows us the following:
1. Market (Stocks) are in a risk ON mode
2. BTC is following stocks and is also in a risk ON mode
3. Gold is going back to its historical safe haven status or risk OFF mode
So IMHO market is pulling out money from Gold and investing in Stocks and Crypto.
IF my observation and logic is correct then should there be a retracement in Stocks then you will see a correction in Crypto and rebound in Gold
In the picture you can observe a comparison between S&P and BTC. And you know gold has been going in the other direction.
What if.....I was just trolling but I kinda like it.
Its making me type stuff for me to post this idea. Lets see how many words it needs
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.
SPX500 TREND LINES AND PIVOT 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.
Prepare for Breakout Towards 6100 Next Week
The S&P 500 has been on a strong upward trajectory, recently surpassing the
significant psychological level of 6000 for the first time. The index has seen a
remarkable rally post-election, fueled by investor optimism and solid corporate
earnings reports. Currently, it sits approximately 31.5% higher from its
previous lows, creating an atmosphere of bullish sentiment across the market.
Key Actionable Insights and Takeaways Specific to S&P 500
- The index is currently testing major resistance levels around 601 to 612,
which could dictate the next move for the bulls.
- Watch for pullback opportunities to key support levels around 596 and 588,
which can present buying opportunities.
- Maintain a balanced approach by being prepared for potential volatility as we
approach critical zones.
Summary of Expert Opinions on S&P 500
Experts are bullish on the S&P 500's potential for continued upward movement.
The recent Federal Reserve interest rate cut and favorable post-election
sentiment have contributed to a generally positive outlook. However, caution
remains due to the potential for market corrections and external economic
pressures, particularly inflation.
Based on the wisdom of all professional traders
- Target 1: 6010 (short-term target indicating strong resistance)
- Target 2: 6100 (longer-term bullish target)
- Stop 1: 596 (to manage risk on potential pullbacks)
- Stop 2: 588 (additional level of support to monitor)
Notable News or Events Affecting S&P 500
The S&P 500's recent rally has been closely tied to the U.S. presidential
election results, which have stabilized market sentiment by reducing
uncertainties. Additionally, expectations of continued fiscal stimulus and
corporate tax cuts under the new administration contribute to positive market
dynamics.
Few more push up before the dropFeeling will go about 6200 or around almost 6300
The buy is still strong; not far to hit the ceiling
a two year bull market. what has changed?its been 756 days since the bottom in the s&p500. the weekly is on an extended bull run to the 6000 region. last week has been the biggest drop in volatility in this trend.
large risk on weeks come with pullbacks, but this week hasnt bearishly diverged from the trend yet.
fib time zone tells us the trend hasnt reached a local maximum yet. the general trend hasnt changed since monday may 15 2023.
since signal hasnt changed i wouldnt try to short this market yet.
a breach of this dopen would probably lead to a pullback around pmVAH, and i would look to do this by ftz 13. still a local bear move toward the 5800 region isnt unthinkable.
i would still rely on this broader market move setting higher weekly lows and vreaking to new all time highs for the foreseeable future, which is why im leaning long here, even with the advanced age of this bull market (even post election).
Scinarios for $SPX till the election year ends Bearish daily candle on Friday 25th Oct but watching RSI signals its showing some support to the up-trend line from Aug low . This setup suggested continuation upward trend up to next week and election week then signal can be more clear!.
Above 5855 is bulish entry and below 8750 is bearish one.
6000 target still valid but i will recommend 5920 to take profit
for downplay 5640 is last support which is related to FED pivot cutting . good luck
SP500 double GapCould we see SP500 in the 5800 prices in the upcoming days or this double gap will be closed in months or weeks?
Always do your research
S&P doesn't matterThe time is coming soon but when and at which price will be turned back maybe it is an opportunity to make lots of money hehe, let's wait for the price action and ride a wave hehe I am gonna be a rich person
S&P500 (SPX500) index looks testing upper trend channelS&P500 index looks testing upper trend channel
This is a very long log charts of the S&P500 index.
The S&P 500 is currently...The S&P 500 is currently hovering around record highs, with many analysts projecting further growth in the coming months. However, the market is facing several headwinds that could impact its performance:
Inflation: High inflation rates could lead to interest rate hikes, which could slow down economic growth and hurt stock prices.
Geopolitical tensions: Ongoing geopolitical tensions, such as the war in Ukraine and tensions between the US and China, could create uncertainty in the market.
Economic slowdown: A global economic slowdown could also negatively impact the S&P 500.
Despite these risks, many analysts remain optimistic about the long-term outlook for the S&P 500. They believe that the US economy is strong and that corporate earnings will continue to grow.
Here are some resources that you can use to get more information about the S&P 500 forecast:
Goldman Sachs: www.forbes.com
FOREX.com: investinghaven.com
S&P 500 Forecast: Will Stocks Continue to Climb? www.barrons.com
It is important to note that no one can predict the future with certainty. The S&P 500 is a complex market, and its performance will be influenced by a variety of factors. It is important to do your own research and consult with a financial advisor before making any investment decisions.
WAVE 5 of 5 of 3 topping NOW I did say 5935 to 6012 as focus The alt based on MATH is 6118 to 6211 BUT TIME IS RUNNING OUT IN CYCLE BULL I am 101 % long in the money PUTS and do not fear it !!! NYSI has now formed a HOOK !!!
$SPX #SPX S&P 500 at a "Great Depression" time resistance.1929 High, .com High two of the biggest corrections in US Stock Market history and we are at that resistance.
SPY Chart:
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.
US500 Bearish Trend in Coming DaysI am looking Bearish Trend of Us500 in Coming Days, Monthly Candle Sweep Previous Candle.
S&P500 (Bearish Correction Amid Fed impact)Technical Analysis
The price has risen approximately 210 pips, as mentioned yesterday.
Today, as long as trades remain below 5989, a drop toward 5931 is expected, followed by consolidation between 5931 and 5989 until a breakout.
Alternatively, if a 4-hour candle closes above 5989, it would signal bullish momentum with a potential move towards 6021.
Key Levels:
Pivot Point: 5989
Resistance Levels: 6002, 6021
Support Levels: 5950, 5931, 5891
Trend Outlook: Bearish Correction
previous idea:
Another S&P 500 channelSo here is another channel. The July peak made an extension of this channel, and the price didn't arrive to that extended part neither at the top nor at the bottom since then. Even if the price will arrive to that extended part at the top of the channel, it won't reach 6000 before the elections unless it makes a breakout in the upward direction thus making a new extension. Maybe it will reach 6000 after the elections. But I think that a more likely scenario is the price hitting the bottom of the channel first.
Also I suggest that the price will go on a small correction now to 5650 support area, hit the trendline and make a new wave to 5800. And then we might see a good correction. If it won't go that way, perhaps this channel will be helpful in your analysis.
Nightly $SPX / $SPY Predictions 11.07.2024🔮
⏰10:00am
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
⏰11:00am
FOMC Member Bowman Speaks
⏰2:30pm
FOMC Member Musalem Speaks
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
11/04 Weekly SPX Market Analysis with seamless GEX levelsThe U.S. presidential election is on November 5, and this week we can expect increased volatility due to the uncertainty. For options traders, one thing is certain: volatility will likely rise leading up to the election, peak around the results, and then gradually subside as the “fireworks” end. It’s essential to consider this in every trading decision.
While the current Implied Volatility (IVx) isn’t extremely high, the IV Rank (IVR) is quite strong at 41, and this is likely to remain due to the increasing uncertainty. Based on the blue OTM (Out of The Money) delta curves, the market is currently pricing in a strong downward movement for the week, aligning with the negative gamma zone and negative gamma profile. For a bullish shift, we would need a strong push above 5845 to enter positive gamma territory (HVL level is the battleneck).
⏩ The 5700 level is a key PUT support across multiple timeframes. If this level breaks, turbulence is expected, with increased downward movement likely to follow, first to 5650 and potentially down to 5600, where larger PUT gamma walls are located.
⏩ According to the 16-delta OTM curve, a close above the previous all-time high is less likely. If there’s a strong breakout to the upside, the positive gamma threshold stands at 5850, and above this, buyer pressure could extend up to 5925.
⏩ I consider the 5700-5845 range as a “chop zone,” where high volatility is expected this week. In this zone, bears and bulls will be in constant battle, and I do not expect a clear trend. I focused on Friday’s expiration in this analysis, as market outlooks remain highly uncertain ahead of the election.
The strong PUT pricing skew is a natural phenomenon and is expected to increase, especially since we are in a negative gamma zone. For December expirations, PUT options cost nearly twice as much as CALL options, as shown by our oscillator for 12/20 expiry.
There’s already ~6% IV backwardation between the 11/08 and 11/11 expirations, making this ideal for time spreads. However, caution is warranted—front-month PUT calendar and diagonal spreads can easily turn negative if front IV rises more than back IV.
Remember! It’s not mandatory to trade during highly uncertain periods! Staying out of the market is also a position, and sitting in cash is actually the safest choice, especially in a volatile week like this.
⏩ You can check my previous week's analysis, every one was accurate, I hope this one will useful too.
10/28 SPX
10/21 SPX
10/14 SPX
10/28 QQQ
10/14 QQQ
S&P500: Make no mistake. The bull is far from over yet.The S&P500 index may be overbought on its 1D technical outlook (RSI = 70.424, MACD = 27.270, ADX = 58.374), even on the 1M timeframe (RSI = 73.014) but the monthly rally is far from over. This isn't only due to the post election euphoria but also for technical reasons. Those have to do with SPX's long term cycles and as this chart shows, every 3.3 years the index tops and starts to correct until it reaches the 1M MA50, where the long term buy signal is flashed again.
The 1M RSI also helps on long term buy entries as it has a clear Buy Zone, but the same goes for selling (Sell Zone). The sell validation usually comes after a LH trendline is formed. The Time Cycles tool indicates that we can start consider selling after May 2025, so regardless of how high the price is, we will time our selling accordingly.
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