Bulls and Bears zone for 10-03-2024Yesterday traders tried to rally but ended in a range bound day. Any test of yesterday's Close could provide direction for the day. Level to watch: 5748 --- 5746 Reports to watch: PMI Composite Final 9:45AM Factory Orders 10:00 AMby traderdan590
Historical Capital Rotation EventsOnly happened 3 previous times in over 100 years. 1931, 1970, 2002. It's getting ready for the next one, right now! #gold #silver #crudeoil #urnaium #copper #platinumby Badcharts1117
Correction TradeWhat we see here is that the market is consolidating after a bearish impulse, if the price creates a new low, we can expect further bearish impulseShortby KenyanAlphaUpdated 3
$SPX Today’s Trading range Oct 2nd 2024SP:SPX Today’s Trading range Oct 2nd 2024 Alright, do we break that 30min 200MA today and get into the FOMC rate cup gap? Are we still looking at the rate cut as a positive in the market? A gap that size looks like It needs to be tested. - Let’s go 💃🏻by SPYder_QQQueen_Trading3
S&P500 Fractal from 2019 points to a 6100 rally.The S&P500 (SPX) is absorbing all the negative news on the recent geopolitical unrest in the Middle East and could post its first red week after a streak of three green 1W candles. This shouldn't however make us lose our long-term perspective and a fractal from 2018 - 2020 comes to remind us why. As you can see, the 1W RSI sequence from July 24 2023 until now, is quite similar to the one from October 01 2018 - September 30 2019. The price actions between the two fractals are also similar. Both started with a bottom on (or near) the 1W MA200 (orange trend-line) and transitioned into a Bullish Megaphone. After the September 30 2019 Low, the index resumed the uptrend within a (green) Channel Up, which extended higher up until the COVID crash, which is of course a 1-in-100 year Black Swan event that couldn't have been predicted. If it weren't for that, the market would have at best tested the 1W MA50 (blue trend-line) for new buyers and then extended the bullish trend like it did after June 2020. In any case, we expect a similar behavior with a bullish continuation of +25.50% from the last Low (-3% lower like the 2019 rise was from its previous Bullish Leg). This gives us an end-of-year Target around 6100. ------------------------------------------------------------------------------- ** 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 TradingShot15
SPX update: into 3 of 3 of 3Hi, this is just an update or the wave counts. Please keep your risk tight. Conflict in Middle East and US election may cause unexpected volatility.Shortby yuchaosng116
long term the snp never dies (your retirement funds it)just posting some fun patterns. patterns seen: megaphone. (bullish) This chart pattern consists of higher-highs and lower-lows on both sides and requires a total of five (5) swings, testing each side two (2) times. We also define the middle of this chart pattern as the ‘mid-line’ which is used for taking profit-targets. Megaphone patterns are ideal for following the long-term-trend; however, you can also use these patterns for counter-trend trading opportunities as well. cup n handle (into)/ascending triangle (bullish) An ascending triangle is a strong pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since price will typically break out in the same direction as the trend that was in place just prior to the triangle forming .An ascending triangle is tradable in that it provides a clear entry point, profit target, and stop-loss level. It may be contrasted with a descending triangle Longby dead4586Updated 1
S&P500 Consolidation before the next leg to 6000.The S&P500 index / US500 may have pulled back a little today but on the long term pattern, which is a Rising Megaphone, it only shows that it turned sideways. This ranged trading, is the consolidation that the previous leg up did after rebounding on the 0.618 Fib and the 1day MA50. The index is possibly repeating this pattern so what's next is a rally to the 1.618 Fib extension. Buy and target 6000. Follow us, like the idea and leave a comment below!!Longby TheCryptagon6
SPX short: Update to wave countsShould be seeing a wave 3 of a wave 3 tonight. Please see my previous linked idea also.Shortby yuchaosng5
Understanding Warren Buffett’s Investment PhilosophyWarren Buffett is arguably one of the most successful investors of all time. Over the years, he has developed a set of principles and strategies over his career. He was inspired by the teachings of key financial thinkers like Phil Fisher, Benjamin Graham and Charlie Munger. Key Influences Phil Fisher Fisher’s approach focusses on quality companies with long-term growth potential, emphasizing focused portfolios and long-term holdings. He believed in gathering information about a company beyond what’s readily available. His lessons on maintaining a focused portfolio and committing to long-term holdings are clear influences on Buffett’s patient, value-driven investment philosophy. Benjamin Graham Known as the father of value investing, Graham’s core principle was to buy stocks at a price lower than their intrinsic value, creating a margin of safety (MOS). This strategy helps mitigate risk and increase the likelihood of future gains. Buffett absorbed Graham’s teaching on finding stocks that are undervalued and buying them at the right price— definitely a large contributor of his investment success. Charlie Munger Munger is Warren Buffett’s long-time business partner. He introduced the concept of economic moats, which refers to a company’s long-term, sustainable competitive advantages. Munger advocates investing in businesses that can fend off competition and maintain profitability over time. This philosophy drives Buffett’s focus on companies with strong market positions and solid long-term potential, favoring these over shorter-term, speculative opportunities. Buffett's Investment Approach 1 - Buy for the Long Term. Buffett’s strategy emphasizes identifying companies that can consistently perform well over long periods. He holds stocks for years, or even decades, often looking for opportunities where other investors may overlook value. 2 - Buy at the Right Price . Buffett is known for his discipline in waiting for the right moment to invest. His approach ensures he doesn’t overpay, instead seeking stocks when they are priced below their true value, maintaining a margin of safety. 3 - Buy the Right Stocks . Buffett doesn’t just buy cheap stocks, he buys quality companies with sustainable advantages. His goal is to invest in firms with strong business models that will continue to perform well regardless of market conditions. Warren Buffett emphasizes investing in companies with simple and clear business models , ones that fall within his circle of competence. He prefers to thoroughly understand the operations, products, and long-term prospects of a company before making any investment. This principle is combined with in-depth analysis of how the company operates and how sustainable its valuations and future growth prospects are. If a business model is too complex or outside his expertise, he avoids it. He prioritizes companies with integrity and transparency in their management. He believes in backing leaders who are passionate, have strong vision and execution capabilities and who use shareholder funds wisely. Trusting management to run the company effectively, with efficiency and accountability, is critical for long-term success in Buffett’s eyes. Investing in quality companies isn’t enough—Buffett also insists on buying them at attractive prices. He maintains a strict discipline of buying with a margin of safety, ensuring the price paid is lower than the company’s intrinsic value. This means waiting for opportunities to buy great businesses at fair prices rather than settling for fair businesses at attractive prices , which may not perform well over time. Buffett has made many of his lessons and strategies available to the public through his letters to shareholders and partnership letters. These documents offer insight into his investment approach, decision-making process, and lessons from both successes and failures. There are several key books that capture Buffett’s life, philosophy, and strategies in greater detail: Warren Buffett’s Ground Rules The Warren Buffett Way Buffett: The Making of an American Capitalist The Warren Buffett Portfolio The Snowball: Warren Buffett and the Business of Life Each of these resources provides a comprehensive look into the mind of one of the most successful investors of all time, offering practical advice and detailed case studies of his investments. ________________________________ by CryptoCheck-8
It is over. This is the topRising wedge into bearish weekly RSI divergence and bearish weekly MACD divergence. market is massively bubbled and about to unwind. wont be blatantly obvious till election is over though, so convenient right? Also, oil stocks about to outperform everything on earth. Shortby MikeMM8824
Falling Channel Continuation tradeThe market has been in consolidation and formed a falling channel, now we have a breakout and 2 pullbacks, set your order at the higher high and go long WE ONLY TRADE PULLBACKSLongby KenyanAlphaUpdated 0
SPX500 ,,, UpdateThe chart has passed about 3 weeks climbing and after this rally and passing out of the all-time high, it seems it needs a small correction. The last candles have been small ones, and it shows they do not have enough power for rising. I am waiting for a small correction or probably a pullback to broken level while I sold some of my positions. by pardis221
SPX500 intraday dips continue to attract buyers.US500 - 24h expiry Buying pressure from 5714 resulted in all the initial daily selloff being recaptured. Broken out of the channel formation to the upside. Price action continues to trade around the all-time highs. Dips continue to attract buyers. We look to set longs in early trade for a further test of the fragile looking resistance. Our profit targets will be 5785 and 5800 Resistance: 5780 / 5784 / 5800 Support: 5745 / 5730 / 5714 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA4
Bearish Continuation Below 5748, Bullish Reversal Above 5785SPx Currently, as long as it remains below 5748, a decline towards 5732 is expected. A break below 5732 would open the door to further downside, targeting the bearish zone around 5675. However, a 4-hour candle close above 5785 would signal a bullish shift, with the potential to move toward 5850. Key Levels: Pivot Point: 5782 Resistance Levels: 5805, 5840, 5890 Support Levels: 5732, 5675, 5643 Trend Outlook: Bearish: Below 5782 Bullish: Above 5785Shortby SroshMayi6
S & P 500 SELL ANALYSIS DOUBLE TOP PATTERNHere on S & P 500 price just made a double top and has broken line 5718.55 which means there is a chance of falling and going for SHORT is needed with target profit of 5676.81 . Use money managementShortby FrankFx14Updated 228
$SPX Tomorrow’s Trading range Oct 1st 2024SP:SPX Tomorrow’s Trading range Oct 1st 2024 Alright, y’all… support is at 5700 and resistance is at ATH’s at 5767.37, the 35EMA is underneath us and we have an implied move of .66% Awwww yeah... by SPYder_QQQueen_Trading2
S&P500 updateSomeone still confused n looking for sells lols I've been sending this signals over n over again when they are growing soo that it get in your mind 🙃 n stop goo against them without proper confirmations let them reach targets my first target soon is 60k 100% I don't doubt my vision n my analysis I never mess even a single day#dont overthinking n goo against the trend without proper confirmations. Longby mulaudzimpho331
Weekly Outlook Sep 30 - Oct 4 $SPXAlthough you should never be bearish when SP:SPX breaks ATH, i think a short term minor sell off would be healthy given the bearish divergence forming on the daily. The 200D MA would be an ideal buying opportunity. However, its more likely we keep crawling to 6000 by SolenyaResearch0
sp500price will go down after the 24th of October, the price will increase. The turning point is 545800:36by Bill88NN112
The S&P 500 short term outlook is bullishThe S&P 500 ( SP:SPX AMEX:SPY ) daily chart is currently in a steady bull trend, with the price continuing to follow the ascending trendline. The Bollinger Bands are expanding, suggesting that the current momentum is likely to continue toward the 6000 area ( AMEX:DJIA NASDAQ:QQQ ) #stocks #Bullby TraderhrTrading3