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E-mini S&P 500 Futures (CME) (OANDA EU Clients)

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US500.PRO.OTMS trade ideas

Be prepared for new sharp falls for the S&P500 and the Nasdaq.The technical picture for the S&P500 and the Nasdaq Composite does not look good, and it looks like the S&P500 is heading back into its previous rising trend (cf. chart here) and that there could be a further correction down to around 4,700 points. The S&P500 is now testing technical resistance around the 5,350 level, and looks set to fall back now from that level. It is a bad sign for the further development in the days and weeks to come. It is difficult to see that this will not go further down and down towards the 4,700 level for the S&P500, and preferably down towards the 14,000 level for the Nasdaq Composite. At least that is what the technical picture now indicates for the S&P500 and Nasdaq Composite. The oil price (Brent Spot) seems to be able to break down from a very large head and shoulder formation soon, and that could cause a sharp fall from today around USD 78.00 to preferably down towards USD 40.00 - 50.00. It is about fear of recession, and as you know, everything is connected. If there is a recession now, and fundamental key figures come in that confirm that the US and other countries are entering a recession, then both the stock markets and oil prices will fall sharply from current levels. I would be very cautious for a while here, and as I interpret the technical picture for both the S&P500, the Nasdaq Composite and the oil price. It doesn't look good technically here now.
SP:SPXShort
by StockCharts365
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
ULong
by Edgezone
$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.
SP:SPX
by SPYder_QQQueen_Trading
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 .
OANDA:SPX500USDLong
by ArinaKarayi
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.
EIGHTCAP:SPX500Short
by Osmanomics
1
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 ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ULong
by ActivTrades
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. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:SPX500Long
by FXCM
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
OANDA:SPX500USD
by AlexeyWolf
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).
SP:SPX
by Pandorra
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! 💹
OANDA:SPX500USDShort
by Mike_SnD
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.
SP:SPX
by xugina78