SPX UPDATEIn my view after a rebound to test 0.382 fibonacci level @5958 SPX will fall to test 5677 area then last bullish leg to 6222 in feb 2025 before massive crash
US500.PRO.OTMS trade ideas
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.
The SP500 Bear TrapYesterday was a long day
As I lay in bed reading about
Candle stick patterns.
I kept thinking of another way to see through the current system am already using
Trading has so many mirrors and once you understand just one system
You can leverage it as a mirror.
This is what puts me ahead of the competition honestly
I don't think there be ever a day I don't
See a trading opportunity maybe it's because I pushed myself so hard to learn trading...I don't know
But there I not even one day which I can honestly say I dont see a trade to profit from
Look at this chart of SP500 SP:SPX
The 🐻 Bears have taken over.
They was a huge market crash ⬇️
But this is called a "bear trap "
It's the opposite of a "bull trap"
This when you really have to buy the dip..
Also notice the 3 step Rocket Booster Strategy
🚀 Price is above the 50 EMA
🚀 Price is above the 200 EMA
🚀 Price is in an uptrend
Knowing this strategy will boost your understanding of trends and mass psychology
Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not .
Also practice on a simulation trading account before you use real money
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.
S&P approaching dangerous territory againThe past few cycles S&P has peaked upon going ~35% above the previous high.
Currently we are at 25%. There is potential for a bit more upside but stay alert investors.
Could refer to my previous post from 3 years ago. Good luck.
SPX500 Reaching Dangerous LevelsPrevious S&P 500 bull runs have stopped after going 35% above its previous high besides the one in 2020 which involved the pandemic. The SPX500 is at around 34% above its previous high which signals a high chance for a drop in the near future.
SPX in daily chart Hello
I confess that SPX is making me a little confused and it is normal when these charts (Indexes) wants to make investors, analysts and insiders surprised. In sharp contrast to many arguments, this chart is hitting new highs day by day but I guess it is a good time to rest for a while and make wave IV correction.
I do not know if this happens or not but I do not trade as long as it doesn't make this correction.
Thanks
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?
S&P 500 Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook:
During the current trading session, the S&P 500 index has demonstrated considerable weakness by reaching the significant Outer Index Rally target 6000, as indicated in the S&P 500 Daily Chart Analysis dated November 8. This decline has initiated a substantial pullback, as the index has fulfilled a key target of 6000. As a result, it has significantly decreased to the newly established Mean Support level of 5856, which suggests a potential continuation of the pullback toward the Mean Support levels of 5765 and 5700. However, it is essential to acknowledge that attaining these Mean Support levels may create the conditions for an upward price rebound before entering the subsequent phase of the bullish trend.
S&P biblical top? island top - falls back to 200 EMA weekly 22%S&P has made an island reversal
It will at some point fall back to the 200 EMA on the daily or weekly 22%
Bearish opportunity
I think that a multi year top is now in place for this index, this first 22% down may trigger the topping process for this index as sentiment indicators are at record levels and retail participation is at an all time high. Plus money mngt firms are fully long with next to no spare money to invest in a dip.
So like in the 1929 who is left to buy ? As per Jesse Livermore book 'Even the shoe shine lad said to the banker that he had bought stocks' and the banker went and sold out his entire holding and made himself rich as he realised there were no new buyers left everyone was all in just like now!
May be Trump stops the Fed continually printing debt to use it to buy up the market?
If debt is issued maybe they use it to buy stable coins now not the traditional markets which would lead to a huge multi year bear market for equities
Good luck to all and stay safe! Luck is when opportunity meets a prepared mind!
SPX S&P 500 index. 24hr potterbox and channel.SPX S&P 500 index. 24hr potterbox and channel. we are still moving up making higher highs and higher lows. I like the longer time frames. 24 hour and longer. it gives me a better feel for the stock or market. it looks like this little dip just might be a buying opportunity. we shall see.
SPX500The SPX500 is a popular symbol used to represent the S&P 500 Index, which is a benchmark of the 500 largest publicly traded companies in the United States, selected for their market capitalization, liquidity, and sector representation.
Key Points About SPX500:
• Market Coverage: It covers industries like technology, healthcare, finance, and consumer goods, providing a broad snapshot of the U.S. economy.
• Importance: It’s one of the most followed indices globally, often used to gauge the performance of the U.S. stock market.
• Trading: You can trade SPX500 via derivatives like futures, options, or CFDs, but not the index itself. Alternatively, you can invest in ETFs that track its performance, such as the SPDR S&P 500 ETF Trust (SPY).
S&P500 - Long from trendline !!Hello traders!
‼️ This is my perspective on S&P500.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from trendline.
Like, comment and subscribe to be in touch with my content!
What are your thoughts on what's to come for SPX500?I think we're in for a sell to the previous structure high. Obviously a "Counter trend entry" to ride until we return bullish. Just my Thoughts.....What's your opinion?
Thesis: Bearish Bias break and retest (however either play is at hand). Wait for a break and retest
Notes: Every Bull run has had a correction to the previous structure high. Following that trend.
A Retest would be a 50% prz. for the recent move
and right around 23.6% prz for the entire move.
Daily: Bullish, Trading in a minor consolidation for the past few days.
-Reversal pattern with Doji (Loss of momentum) & Bearish Hammer.
-Con: Seller Exhaustion wicks under support
H4: Bullish ( **Hidden Bearish Divergence @ Minor resistance lvl) look for possible sell off
H1: Bullish
$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.
SP500 - More Downside Expected For those of you who get a kick out of cool chart patterns, check out this Wolfe Wave on the SP500. I expect price to break this pattern to the downside and hunt the Fib .382
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
Is the pull-back another buying opportunity?US stock index futures were all on the back foot this morning, continuing to sell off after yesterday’s losses. The domestically-focused, mid-cap Russell led Thursday’s decline, dropping 1.4% during the session. But it is the tech sector which is leading this morning’s move lower, with fairly uniform declines for the ‘Magnificent Seven’ constituents. Federal Reserve Chair Jerome Powell managed to spook markets during a speech and Q&A session last night. He said that the economy was not giving out signals to suggest that the US central bank should be in a hurry to lower rates. His comment led to a pullback in equities and a rally in bond yields. There was also a sharp reversal in rate cut expectations as measured by the CME’s FedWatch Tool. Yesterday morning, the probability of a 25 basis point rate cut at the Fed’s FOMC meeting next month stood at 82%. This dropped to 62% in the aftermath of Powell’s comments. So, once again, there’s plenty of uncertainty building ahead of the December meeting. The Fed can blame this on recent data, particularly this week’s CPI and PPI releases, but also on what a Trump administration may mean for the US economy. Even though it appeared that both Trump and Powell were in favour of lower rates – the former to goose the economy, the latter to ease the pain of the $1.5 trillion of real estate loans which reset next year – it’s possible that Powell’s hawkish tilt will put the pair back on a collision course, reminiscent of their clash during Trump’s first term. Retail Sales are out later today, and Alibaba is the big earnings release. The question is whether this week’s pullback proves sufficient for investors looking for better long side entry points, or is there more downside from here? If US stock indices can find support around current levels, say 5,900 on the S&P, and rally into the weekend, then this could set the stage for more upside. But if the selling accelerates into today’s close, then investors will have more reason to cut their exposure as we head towards the year-end.
S&P 500: Bearish Momentum Below 5927 S&P 500
Technical Analysis
The price dropped perfectly as we mentioned in the previous idea
so now still has a bearish volume to get 5891 and 5863 as long as it trades below 5927
otherwise, it should close 4h candle above 5928 to be bullish till 5952 and 5972
Key Levels:
Pivot Point: 5927
Resistance Levels: 5952, 5972, 5989
Support Levels: 5891, 5863, 5833
Trend Outlook:
- Bearish Trend while below 5927
- Bullish trend if break 5939
previous idea
Bullish bounce off pullback support?US500 is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 5,883.74
1st Support: 5,817.25
1st Resistance: 5,963.68
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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
