S&P 500 LongUS 500 CFD
The target projection for the S&P results in a target of 5428, which is in the area of the 70% Fibonci retracement.
It would be quite possible for the price to test the low again in the 5090 area. But for this trade I assume that a good premium area will be reached first.
I open a long trade with 2 entry points.
A market order and a second limit order. The risk is distributed across both positions.
Target 1 = 61.8 Retracement
Target 2 = 70.0 Retracement
Risk Reward Trade 1 = 1/1
Risk Reward Trade 2 = 1/2.07
US500.F trade ideas
IYKYKBouncing off a crucial area was a given but this should be enough of that. A run up to the .5 fib resistance and completing a flag pattern to continue down.
A break above obviously invalidates this idea.
$SPX Trading Range for Today, August 7th 2024 SP:SPX Trading Range for Today, August 7th 2024
Ok. Last night I feel asleep without getting the second part of my video done. I have been exHAUTed this past week but next week I will have more energy and a lot of sleep is on the books for me.
So today’s implied move is between 5170-5310
Tomorrow’s implied move 5145-5335
To the upside, look out to the 35EMA on the 30min timeframe. Look for signs of support and if we get above it than the target to the upside today on the day is 5310. The 4hr 200MA is at the very top of the implied move and it smacked us down yesterday. At the top of the trading range we have the rest of that bear gap from the gap we opened the week with.
To the downside, we have a bull gap from yesterdays gap up, the bottom of that gap is at 5186, and then the bottom of the implied move for today is 5170.
The WEEKLY 35EMA is our support and it’s just outside of the implied move and within tomorrow’s implied move.
SPX500USD ( TRADING ABOVE SUPPORT LEVEL(1) ) ( 4H )SPX500USD
HELLO TRADERS
Tendency, the price is under bullish pressure , until the price trading above support level (1) at 5,206 .
Upward Zone : until the price trading above 5,206 , refers active upward zone , currently the price trading above turning level at 5,267 , to rising inside resistance zone between 5,344 & 5,411 , first thing for this rising reach of a resistance level (1) at 5,344 , by closing 4h candle above it easily reach next level at 5,411 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before .
Downward Zone: should the price reserve and breaking turning level at 5,267 , indicates dropping to support level (1) around 5,206 , to confirm true decline , the price it will be breaking 5,267 , by closing 4h candle below it to reach support level (2) at 5,124 , called support zone have been buying increase in this zone before .
Corrective level :Price may make a correction at 5,267 & 5,206 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 5,344 , 5,411 .
SUPPORT LEVEL : 5,206 , 5,124 .
Potential inside monthly candle alertLooks like we could have a potential inside red candle. Have to see at end of the month to confirm.
The doomsday retracementWow, what a week it has been. SPX down 3.5% and up 2.5% the day after.
My thought is this backtrack is going to be the biggest retracement for the drop, just like we saw on bitcoin. APPL seems to have DOJ issues, NVIDIA chip issues in Taiwan... all seems to be lining up for potential lower for longer. My only buy this year will be TSLA. More on that.
Goldilocks is not going to bring us back to pre-pandemic levels, rate cuts are not going to save the market. The narrative has already changed on July 17th when Trump said he didn't want to invade Taiwan, good luck buying after august.
USA Premarket with the BullsThis morning, U.S. stock futures are rising, continuing their recovery after a sharp drop on Monday. At 04:15 ET, Dow futures were up 0.6%, S&P 500 futures (Ticker AT: USA500) were up 0.8%, and Nasdaq 100 futures (Ticker AT: USATEC) were up 1%. Wall Street rebounded yesterday after three days of losses, with the Dow Jones gaining 0.8%, the S&P 500 up 1% and the Nasdaq Composite up 1%. Investors are cautiously optimistic following assurances from the Federal Reserve about avoiding a recession.
Disney's (NYSE: DIS) third-quarter results are expected, with challenges in television, parks and streaming. The BOJ has calmed global market jitters by saying it will not raise interest rates amid ongoing financial instability. This follows a recent rate hike and signs of further tightening. Corporate earnings reports continue globally, with notable moves in companies such as Novo Nordisk (Ticker AT: NVO.US), Puma (PUM.SE), Sony (TICKER AT (ADR): SNE.US) and SoftBank Group (TYO: 9984).
Looking at the chart we can see how today morning has generated a recovery zone, with the RSI oversold at 33.34% starting its recovery. If we look at the Check Point (POC) it is far bellow the current price and in the 4,000 point zone. It would be understandable to understand that the index is making a healthy and necessary price correction due to the constant rise of the index without any adjustment during the whole last year. Currently a cycle has closed and we will see if the bulls come back in force. Although it must also be understood that large long term investors have exited the market capitalizing heavily looking for opportunities and investing much of it in US bonds which currently have a lower opportunity cost than the equity market. If the current support does not hold, it is likely that it could be showing the beginning of a recession, if it does we could see a new upward push to the highs.
Ion Jauregui - ActivTrades Analyst
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SPX New High Bets Took a bunch of bets over the last couple days on SPX making a new high. Time expiry for this is scattered but all bets are within three months.
This looks like an Elliot correction.
And, as such, I'll buy the 76.
I think if there's a rally, we'll see 6,000.
Which is a zone I intend to become hyper bearish if we hit.
SPX, S&P500 weekly predictionHi, approximately October will be the market low, prepare some cash to buy the dip. Some people talk about crisis but that is just a panic. Provided level has a high potentials for reversal.
SPX500 H4 | Bullish retracement to continue?SPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,214.93 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 5,080.00 which is a level that lies underneath a pullback support.
Take profit is at 5,403.46 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level.
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SPX500, JP225, DE30. Analysis for CompetitorsHello traders and investors!
Over 55,000 traders have registered for The Leap paper trading competition. The assets in the competition include SPX500, JP225, and DE30. This analysis may help in making the right decision.
Weekly Timeframe Analysis:
All three indices interacted on the daily timeframe with the level at the base of the last buyer's impulse on the weekly timeframe: SPX500 at 5193.1, JP225 at 36375.7, and DE30 at 17479. On Friday, when the weekly candles close, we will know the results of this interaction.
Daily Timeframe Analysis:
SPX500 and JP225 are in a downtrend. The start of the latest seller impulses are 5571.8 and 39090.9 respectively.
JP225: Today, the price is interacting with 50% of the last seller impulse (34798.4). We are observing the seller's reaction. If the seller does not show strength, we wait for the price to interact with the weekly level 36375.7, where selling opportunities can also be found. There is currently no context for buying on the daily timeframe.
SPX500: The price is still on its way to 50% of the last seller impulse (5333). Note that the 50% level of the last seller impulse (5333) almost coincides with the upper boundary of the price gap (candle from 02.08.24, its close is 5333.6). I anticipate that we will see a seller's reaction at these levels, and it is advisable to look for selling opportunities. If the seller does not show strength, the next significant resistance for the buyer's movement is 5398.6 (the minimum of the penultimate seller impulse), where selling opportunities can also be found. There is currently no context for buying on the daily timeframe.
DE30: The situation is different. The price has formed a sideways movement, with the upper boundary at 18796.5 and the lower boundary at 17941. The seller in the 6-7 vector of the sideways movement has moved below the lower boundary. Note that the 50% level of the seller's impulse (17909.5) and the lower boundary of the sideways movement (17941) almost coincide. It is advisable to look for selling opportunities at these levels. There is currently no context for buying on the daily timeframe.
Hourly Timeframe Analysis:
JP225: On the hourly timeframe, there is an uptrend. The start of the latest buyer impulse is 32793.4. The key candle of the impulse is at its end (the candle with the highest volume in the impulse, marked on the chart "KC").
Buying opportunities can be considered from the buyer's defense of the range 34282 - 34798 or after the formation of a new buyer impulse from buyer zones within this impulse. Keep in mind that there is a downtrend on the daily timeframe.
If the seller engulfs the key candle of the impulse, it will provide context for looking for selling opportunities.
SPX500: The price has formed a sideways movement, with the upper boundary at 5318.9 and the lower boundary at 5198.6. The upper boundary is slightly below the daily levels (5333 and 5333.6). Within the sideways movement, it is advisable to look for selling opportunities from the upper boundary and buying opportunities from the lower boundary.
Selling opportunities can be considered if the seller defends the upper boundary of the sideways movement, interacting with the daily levels.
Buying opportunities can be considered from the buyer's defense of the lower boundary of the sideways movement, in the range of 5198 - 5215. Keep in mind that there is a downtrend on the daily timeframe.
DE30: The buyer has not yet managed to start an uptrend on the hourly timeframe. We only see one impulse so far. The price has already interacted with 50% of the latest buyer impulse, but the buyer has not yet managed to form a new impulse (an hourly candle closing above 17569). There is no clear context for buying or selling on the hourly timeframe at the moment.
If we consider the 2-hour timeframe, selling opportunities can be looked for from the upper boundary of the sideways movement in the range of 17647.6 - 17731.2. Buying opportunities can be considered after the price breaks upwards out of the sideways movement and the buyer defends this breakout.
Online analysis of the daily timeframe: trend or sideways www.tradingview.com
SPY end of year outlookAfter hitting the target of 5600, we peaked just days later. Whether this correciton is over or not depends on how it holds the 200D MA at 5048. Bullish divergence on the Daily suggest a trend reversal for more upside. The VIX experienced a 7 sigma event suggests its probably over as well.
SP500 analysis for 06/08/24After the collapse of the Japanese stock exchange and a significant decline in American stock indices, the SP500 index continues its downward trend to $5,000 levels
A short-term sell signal has been formed at 5277.
The index's further prospects are under strong pressure and the downward trend of the entire stock market.
S&P500 Is Approaching The Daily TrendHey Traders, in tomorrow's trading session we are monitoring US500 for a buying opportunity around 5240 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5240 support and resistance area.
Trade safe, Joe.
Free-fall dropThere's an invisible air mattress that just about does the job of protecting, and Wall Street investment managers are in again.
Three Black Crows. Bear Market Candlestick Pattern. Series IIWere you ready or not with recent sell off on financial markets, - this one should be not a surprise.
It's been already discussed in publication " 👀 Three Black Crows. Bear Market Candlestick " , that in unfavorable macroeconomic conditions, the Three Black Crows pattern is generally quite common pattern. Three Black Crows. Bear Market Candlestick Pattern
Three Black Crows is a continuation pattern, being a term used to describe a bearish candlestick pattern that can predict a reversal in an uptrend.
Classic candlestick charts show "Open", "High", "Low" and "Close" prices of a bar for a particular security. For markets moving up, the candlestick is usually white, green or blue. When moving lower they are black or red.
The Three Black Crows pattern consists of three consecutive long-body candles that opened with a gap above or inside the real body of the previous candle, but ultimately closed lower than the previous candle. Often traders use this indicator in combination with other technical indicators or chart patterns to confirm a reversal.
Restrictions on the use of three black crows
If the "Three Black Crows" pattern has already shown significant downward movement, it makes sense to be wary of oversold conditions that could lead to consolidation or a pullback before further downward movement. The best way to assess whether a stock or other asset is oversold is to look at other technical indicators, such as relative strength index (RSI), moving averages, trend lines, or horizontal support and resistance levels.
Many traders typically look to other independent chart patterns or technical indicators to confirm a breakout rather than relying solely on the Three Black Crows pattern.
Overall, it is open to some free interpretation by traders. For example, when assessing the prospects of building a pattern into a longer continuous series consisting of “black crows” or the prospects of a possible rollback.
In addition, other indicators reflect the true pattern of the three black crows. For example, a Three Black Crows pattern may involve a breakout of key support levels, which can independently predict the start of a medium-term downtrend. Using additional patterns and indicators increases the likelihood of a successful trading or exit strategy.
Real example of Three black crows
Since there are a little more than one day left before the closing of the third candle in the combination, the candlestick combination (given in the idea) is a still forming pattern, where (i) each of the three black candles opened above the closing price of the previous one, that is, with a small upward gap, (ii ) further - by the end of the time frame the price decreases below the price at close of the previous time frame, (iii) volumes are increased relative to the last bullish time frame that preceded the appearance of the first of the “three crows”, (iv) the upper and lower wicks of all “black crows” are relatively short and comparable with the main body of the candle.
Historical examples of the Three Black Crows pattern
Here's an example what's happened early in April, 2024
And here's an example what's going on right now in August, 2024
Potentially it may appear again and again. Don't miss it out!
As history has repeated itself already, technical graph for S&P500 indicates on potential recovery, up to 5800 points, until November, 2024 (U.S. presidential elections).
S&P 500 Update: Crash or Seasonality?Last month in July, I posted that we would see a rally in the S&P 500, which hit a monthly take profit zone and aligned with the yearly take profit zone. Now, with the recent drop, the big question is: is this a crash, or just seasonality and money managers doing what they do best—taking profit and rebalancing? 📉
On January 1st, 2024, we anticipated profit-taking between 5457-5284, and it happened as expected. According to principles taught by my mentor, Wayne McDonnell, prices could drop back to the yearly central pivot at 4451, nearly a 20% decline. But does this mean we’re in a bear market? Not exactly.
Big tech is making massive investments into AI development, marking a significant shift in capital expenditure. Instead of buying back their own stock, they're investing in future growth. With AI coming of age, I’m ready to go long closer to the end of October, especially with a nice demand zone at 4250. 📈
As Warren Buffett famously said, "Be fearful when others are greedy and greedy when others are fearful." 🧐 Beware of the news—they often create panic among investors to sell. Stay informed, stay calm, and look for opportunities in the midst of volatility.
Stay tuned for more updates and happy trading! 💹
SPX500 Bearish Breakout! SPX500 was trading along
The rising support but now
We are seeing a bearish
Breakout and breakout
Is confirmed so we
Will be expecting a
Further move down !
Bear market...?I could give 2 target prices for the S&P500: 4404300 or 3800-3600, depending on the macroeconomic and geopolitical events that will follow.
S&P 500 drop to key support area? callback for today?On the macro front, the slowing labor market data has increased the likelihood of a rate cut. Currently, the market sees a 99.5% chance of a 50 basis point cut by the Fed in September. Some traders even believe there’s about a 60% chance of an emergency 25 basis point cut within the week.
Technically, S&P 500 index has already broken below the downtrend line, and dropped to a key support area with high volume. And the previous high double confirmed the strength of this support area.
Therefore, the price might get a short-term callback in this area today if it cannot be broken.
Make sure to hit that follow and boost button so you won't miss any updates.
SPX. When can we catch the "falling knife?! 6/August/24SP500 index could be starting "deep retracement'" by end of Sept at least. What do we think the low cycle number 10 for the SPX's price would be by end of Sept by example? P/S There are few reasons for THE FED to cut cate. Not just due to high inflation, 1 possibility reason most likely would be "to rescue" the market! What make FED "Need to" "rescue market"?! Even before Sept?! Unless "stock crash"!
SPx - Stocks Rebound in a Dramatic TurnaroundStocks Rebound in a Dramatic Turnaround
Global stocks rallied on Tuesday, partially reversing some of the previous day's significant declines. The market is expected to consolidate between 5,281 and 5,192.
This advanced sentence retains the original meaning while using more sophisticated language.
Bullish Scenario:
For a shift to a bullish trend, the price needs to stabilize above 5320, potentially reaching 5372 and 5409.
Bearish Scenario:
As long as the price trades under 5281 means will continue the bearish trend toward 5195 and 5169
Key Levels:
- Pivot Line: 5260
- Resistance Levels: 5281, 5320, 5372
- Support Levels: 5126, 5192, 5168
Today's Expected Trading Range:
The price is anticipated to fluctuate between the resistance of 5285 and the support of 5121.
previous idea:
