Still room to achieve weekly targetVix has reached its triangle target (with RSI > 70) and SPX is still below weekly Cup target. Let's have a look at the most recent zone for potential entries. I believe we still have a nice long push in the near months. Longby SensumCommunem0
Continuation of selling of SPXAs we confirmed the trend reversal for the moment, we might have possible two scenarios: We might have similar push up during the night before continuation of a drop Secondly, if we get higher prices during the night or at NYSE open, we might continue our way down until we got extended. Uby SergienkoDaniel220
High for 2024 5554/5631 focus 5591 wave 3 TOP wave 4 decline set The relationships from the peak 0f 3391 2020 to the low 2191 and 4818 and 3491 all have a clear fib relationship . I can now feel that the relationship if it was to continue as I think into Oct panic low which is about 4690 4710 area to mark wave 4 of super cycle diagonal . I have the 5 th wave target at 6088/6181 as the end of the bull market low march 9th 2009 best of trades WAVETIMER !by wavetimerUpdated 336
Well, numbers don't lie.Price didn't break the 5670, held steady and then crash... So,Consolidation for a while? by aloni-ta0
spx 500 location to longThe marked location of the return area is my target price. I would be happy to know your opinion about this areaLongby abbasbarzegar990
SPX support quite weird but easy to see compared to goldlast month I learned about a new way to determine the support, because this year it is really weird to determine resistance support. Looks like this not only happens in gold, but also in SPX SPX using the previous small body candle as the next support especially the red candle (I circle the candle) I will show the fibo later because this week I also see fibo could be more easy to use than expectedby salvanostUpdated 0
OM will rockLoving the technicals for $OM! 🕉️ While others are down, they're surging! 15% gain last week. Strong trendline support & potential breakout on the horizon Key price targets to watch: $1.4980 & $2.0079, especially with a #Bitcoin rebound. Bullish RSI & MACD confirm the momentum. Could NASDAQ:OM be the next big thing? #CryptoTrading #MANTRA #Bullish Longby Scarlet180
SPX temporarily breaking the uptrend?SPX is sitting in a sell signal breaking the uptrend as NQ did yesterday. Looking for all rejections to the downside. Watch out for areas of reclaim. There's always a chance of a BEAR TRAP if price action does not trend down from here. Shortby RonRon76431
Bulls and Bears zone for 07-18-2024Yesterday S&P closed at Low of the day and day prior closed at High of the day. Interesting to see what market does today, perhaps a test of yesterday's Close could provide direction for the day. Level to watch: 5658 --- 5656 by traderdan590
SPX500 ,,,be cautious I see an engulf in the chart that could be a sign of correction. Based on youe strategy you should act, keep going or sell some or sell all. Personally i sold 80 percent of my stocks yesterday. In my idea, protect of asset is more important than getting profit. Lets see what will happen next.by pardis5
SNP500 BUY SNP500 Buy till it reach target level. Matching with all confluence, it should go up. Longby Fibpip1
S&P500 The correction is over. Bullish trend intact.The S&P500 (SPX) has been rising steadily since our June 17 bullish break-out signal (see chart below) and despite this week's pull-back, the upward pattern remains unchanged: As long as it continues to be supported by the 1D MA50 (blue trend-line), we remain bullish with our Target intact at 5800, marginally below the 2.618 Fibonacci extension. On a side-note, observe the uncanny symmetry between the RSI structures of the Bullish Legs. We are now on a similar pull-back recovery formation as on the January 31 2024 and June 26 2023 short-term Lows. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot18
SPX500 H4 | Approaching pullback supportSPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,586.45 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 5,530.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 5,675.99 which is a pullback resistance. 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.Long03:08by FXCM0
Topping Out Soon?This is a harmonic wave count as it seems to fit the structure off the bottom best - looking at the last part of the move it may have 1 more push up but overall it's probably not far off being done/done - looking at many of the big stocks/nas100 it's more convincing that we're in the process of topping out also gl.Shortby Swoop6115
Forecasting World Crises Based On Fibonacci LevelsForecasting world financial crises based on Fibonacci levels According to the trend of the candlesticks and the drawing of the Fibonacci chart, it is observed that the Corona crisis happened at level 1 and the correction of this trend continued until the level of 0.618. I'm not artificial intelligence, I'm not smart or a genius, and I'm not a fortune teller. But as an engineer and trader, I predict that the next global crisis will happen at levels 2 and 3. Of course, it should be noted that small crises happened in the past years at the level of 0.618, and thus based on the analysis of candles and the Fibonacci pattern based on these levels, it can be expected that this idea will be closer to reality. Good luck. SEYED. by SEYED98Updated 6
US500, NAS100 elliott wave ending soonIt is the Elliott wave and will break out the trend line and start going down soon.Shortby tselmegFOREX111
SP 500 .. do we get a proper retrace?Hi Guys, The SP 500 made a strong move down last night. Bears took a few sessions to gather downward momentum after the SP reached its 1.618 fib retracement of bear market hi to low. SP 500 was very extended from its 50dma and daily RSI was in overbought and showing divergence ( the two peaks in overbought area), which is strong confluence in any marked resistance zone. A retest of the blue box on the daily RSI, which might coincide with price at the 5625 level or above , could be a good entry point if obvious sell setups appear. The question now is do we get a few percent retracement or is this just another little dip that will immediately be bought back up to all time highs. The engulfing candle on the daily suggests we pullback to at least the daily support level below, which is the first highlighted box on the chart. AVWAP from the low at end of may and 50 DMA may act as confluence support there. The next box on the chart is where I'd like to see price get to and any further retrace would be a bonus. Safe Trading allShortby elyask1200
Possible Short Opportunity on SPX?I want to start this by saying my entire idea is based solely off of TA, I have no insight as to the future of the US financial market as a whole. With that said I bring a bold claim that we're headed for a doozy of a retrace. I create Ideas based on my understanding of long form consolidation. I see a lot of people using wedges all ready, many also use resistance channels, both are great. But not great enough, I found they always moved unpredictably, sometimes going straight up, teeter-tottering, or going straight down. It was a gamble and not a very good one at that. So I turned my short wedges long. Give it a try I'm sure you'll see a lot of daily top gainers form an identical pattern of big runs and at some times multi year long consolidation wedges. Now I'm not saying these are perfect they're hard to spot and are often highly precise, just like other setups you might be tricked. Here's my guide to spotting one of these. Step 1, Identify your run it should be a big move and fairly apparent. Step 2, find your top and bottom. I believe in the above idea that my bottom line would be a textbook example of a catch the top has a little more wiggle to go to the true high of the run but at this moment I believe it is true also. Step 3, wait or spot your fake brake it will be sizable if real it needs to be enough to sufficiently exchange shares between buyers and sellers Step 4, wait for the completion of the wedge. Completion before the end of the wedge means your lines are off by a sizable amount and a new down cycle has started. Any wedge completion made before a true consolidation wedge is at its last minute is not true and the wedge is either off or is made from the wrong points. A true move will not hesitate it has no resistance at the wedge no look back at the SPX in 2013 once it gets past the wedge at the 1500 level (that's the reason this last run/bull trap is untrue It went above the wedge then back bellow). this market will repeat a slightly different version of the cycle from 2000 to 2010 ofc all imo :) Shortby Ishovecrayonsupmynose0
Starting selling off the SPX500We got strong signal at monthly lines that might indicate some good pullbacks into major lines at the SPX500. Wait for the the pullbacks into 240 lines areas before continuation of that pullback lower.UShortby SergienkoDaniel2
S&P500 Is Approaching The Main TrendHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5500 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5500 support and resistance area. We would also like to consider the current bearish bias in DXY, due to the negative correlation SPX can continue pushing higher. Trade safe, Joe.Longby JoeChampion8
TOP BULLISH WAVE COUNTThe last bullish wave structure is now been labeled The cycles are turning VIX cycle of 7/8 days signal is now been given by wavetimer2
Low Risk SPX opportunitiesLetting the Market decide if it would care to continue Bullish or hold below trendline and daily zone to create New Low. Longby PurePassionFX2
SPX500 LONGSPX500 LONG " break of structure + 72% fib retracement + demand area + 50ema dynamic support "Longby elyes_hantous2