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USA500 trade ideas

Correction down for SPX500USDHi traders, Last week my analysis of SPX500USD had been chosen for the Editor's Picks of Tradingview. It was very funny to read many comments that my analysis was wrong and that it was more likely that this pair would drop then rise. Now a week later we see who was wrong and who was right and who made a profit. As a trader you always have to trust your own analysis. Don't listen to other opinions because that is mostly the losing mass that is speaking. I do this for 10 years and I know what I'm doing. Now next week we could see the finish of wave 5 and after that a bigger correction. Trade idea: Don't trade. Wait for the bigger correction down to start. After a change in orderflow to bearish and a correction up on a lower timeframe you could trade (short term) shorts. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
OANDA:SPX500USDShort
by EduwaveTrading
1
$SPX The Hundred Years TrendThat's right.. The sheep were told we broke through the great depression trendline and to prepare themselves for a new paradigm.. As you can see we have broken through one of the great depression trendlines. And Still you can see we have one to go.. Our last touch of this trendline ended up with a stiff rejection, and we are dangerously close to another fatal kiss. If you haven't taken out a heavy long term short to cover life's everything, it might be too late. Only the strong will survive. Are you Strong?
SP:SPXShort
by Midgar-
S&P 500 Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook: During the current trading session, the S&P 500 index has exhibited significant strength by successfully filling the projected gap, as detailed in the S&P 500 Daily Chart Analysis dated November 1. This upward movement has facilitated a substantial rebound, as the index has retested both the Outer Index Rally level of 5861 and the Key Resistance level of 5865. Furthermore, the index has completed the Outer Index Rally threshold 6000, suggesting a promising potential for additional increases toward Outer Index Rallies at 6123, 6233, and 6418. Nevertheless, it is essential to recognize that achieving the Outer Index Rally 6000 level may prompt a downward price movement towards the Mean Support level of 5929 before progressing into the subsequent phase of the bullish trend
SP:SPX
by TradeSelecter
S&P500 (1h) Golden Cross indicates extension of this rally.S&P500 is rising on its MA50 (1h) which has been holding for the 3rd straight day. On Wednesday it formed a Golden Cross (1h), a standard bullish signal on the previous 2 Channel Up patterns since the August 5th bottom. Trading Plan: 1. Buy on the current market price. Targets: 1. 6100 (+7.20% rise, similar to the previous Channel Up). Tips: 1. The RSI (1h) is posting the same Bull Flag as on the previous legs. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Long
by TradingBrokersView
S&P 500 reversal target - 6151Looking at a potential reversal target for the S&P 500 as we move beyond the election year into 2025. When scanning backwards on the previous high from late 2021, we can see price action clearly retested the speed fib on multiple weeks before a final rejection that induced the mini bear market which ended Oct of '22. Following that same speed fib forward into 2024, we can clearly see price is NOW, once again, retesting this magnetic fib zone. To figure out where this is all going, let's measure from the Jan '22 high into the Oct '22 low. Here, we get a 1.854 and 2.0 fib extension which intersects with the speed fib in question. Making some assumptions that price will AGAIN, range and retest multiple times before resolving, we can overlay "bars pattern" (from Jan '21 HIGH - Oct '22 LOW) and see when and how this could play out. Now, we wait and see how this movie ends! Note: Not trading or investment advice. ENTERTAINMENT ONLY!
OANDA:SPX500USD
by tantamount
S&P 500 - Why everyone is probably wrong.Popular YouTube channels, financial media, everyone is talking about the great big crash of 2023 to come. Everyone is probably wrong. Why? The chart stupid. The recent breakout of resistance is seen by many as a bull trap. Maybe. I see a backtest of past resistance and price action landing on the golden ratio. There’s something else, however. The Life cross. A life cross is defined as: 1) The 50-day SMA crossing up the 200-day SMA AND 2) Price action above the 200-day SMA. But WW this cross is a fake out! There’s no evidence to support that. Have studied the last 60 years of life crosses on the index. Do you know how many printed a false signal? 0. Nadda. Not one. Ww The last 20 years of life crosses.. July 8th, 2020 April 1st 2019 April 26th, 2016 February 1st, 2012 October 22nd, 2010 June 20th, 2009 September 12th 2006 November 10th, 2004 May 16th, 2003
SP:SPXLong
by without_worries
80
SPY/SPX: Top's probably not in. Hey everyone, Excited to do this post. This is a new approach to looking at things that I found super insightful and excited to share my findings with the community! As the title suggests, the top is likely not in. How can we know this? Well, besides the very obvious bullish price action and the fact that buyers won’t let anything drop 1$ without aggressively buying, there are other, more objective ways to measure tops and such. One approach that many would use would be using the ATR range. However, ATR ranges are a little flawed, especially when looking at larger picture stuff (like annual levels). This is because ATR has limitations, such as: a) It is not inflation adjusted, b) It requires a moving average of at least 14 periods, which, in some cases, are beyond the stock’s life time, c) Is a trailing average that does not correct for bearish years and bullish years. Thus, the results are skewed if bearish years fell within the ATR trailing range. You can correct for this by doing what I do, which is creating models that look at the entire life span of a stock and correct for bullish and bearish years. However, this also has some limitations, some of the same as ATR, such as: a) Over-correcting for Bullish and Bearish years, b) Insufficient history on most stocks to have a very rigorous model, c) Difficulty accounting for fundamental and other economic catalysts. Models tend to be unbiased and so omit periods where economic circumstances propped stocks up or down. So how can we account for this, simplify it and come up with useable data? Well, the easiest way to do it, is to do a cross between an ATR and a model, using scaled data (to control for inflation) and looking at ATR of the scaled data and comparing current moves to averages as well as other times where there were similar economic and fundamental circumstances. To do this, we can use stats software such as R, SPSS, SAS, Excel or MATLAB, pull the data, standardize it and get our results. Let us do this for SPX, as it has more history. Here we have SPX’s annual returns. Converting the Close to Open difference to a percent return is a simple way of standardizing data. Now, on its own, this doesn’t tell us much, because returns are dynamic and ever changing, influenced by a combination of fundamental, economic and investor sentiment catalysts. However, we can begin to make sense of things if we start applying some concepts of ATR, most notably if we take the average gains the SPX does in a year. Doing this, we get 6% average annual return since the 1800s. However, if we isolate for ONLY bullish years, or years where SPX’s gains were >0, our average becomes 16%. Currently, SPX is at a 14% gain on the year. We can hone in a bit more, by isolation SPX’s Max gain. Doing this, we see that SPX’s biggest gain in 1 year happened in 1933, when it gained 46%. How about normal, bull market years? To figure this out, the easiest way is to rank the data from highest to lowest or lowest to highest. Then, we can take the mean, median and mode of the ranked data. We already have the mean, which is 16%, but with ranked data we can get the median and mode. First, the mode. Remember, mode is the value that occurs the most frequently. For SPX, the mode is interestingly enough 14%. Which means, of all of SPX’s bullish years, more times than not they ended at a 14% gain. Now for the median. Remember, the median is the middle value of ranked data. And surprise! Its also 14%! Its difficult to interpret what this could mean. It does tell us that we don’t have a perfect, normal distribution, because, despite the median and mode being the same, the mean is not the same (remember its 16%). But, it is close! So what does this tell us? Before we make inferences about this data, I think its important that we look at a few other things first. Most notably, the standardized version of the high to low value. The gains that we have looked at only represent the open to close. However, very rarely if ever has SPX ever closed on a high or low. So we would anticipate, looking at the actual range from high to low, we would get some different values. So let’s take a look at this on SPX’s bullish years: Looking at this, the average high to low is 25%. Currently, SPX is sitting at 16%. Exciting right? This is very far from where we are now! The MAX High to Low percent was 121% and the min was 4%. The max happened in 1933, the same year that the SPX gained a whopping 46%. For interest sake, let’s rank this data from low to high and calculate the median and mode. Doing this gives us the following: The mode is 15% and the median is 24%. So how can we use this data to make predictions about SPX? Well, we can actually calculate the targets based on the average of these values. So let’s get into it. Assuming that SPX is going to close at the average, between 14% and 16%, that would convert to a price target of 5409.53 - 5504.43. So, provided this is a bullish year (which it looks like it will be), we can expect our close to fall somewhere between 5400 and 5500, which is the average closing range of bullish years. However, SPX is still trailing below the expected high to low range, with an average range of 25% which is also the median (roughly). So with SPX’s YTD low of 4682.11, that would convert to a high of 5852.64. I don’t want to make this post too long, but I have replicated this with SPY as well and here is the data in a nutshell: SPY’s average gain on bullish years is 18%. SPY’s average high to low range on bullish years is 29%. SPY’s current gain on the year is 15%, and SPY’s current high to low range on the year is 16%. This gives the following price targets on SPY: Expected close (assuming we close at the annual average): 557.15 Expected High (assuming we meet the average high to low range): 601.67. One final note about SPY, interestingly, SPY’s largest gain was in 1995 at the start of the tech bubble where it gained a whopping 35%! Imagine SPY closing this year around 637.42?! Unthinkable! But .. possible? This is not trading advice, just trying to put things into perspective for people. I see a lot of short biased ideas continually popping up. For us to meet the average high to open range by selling, would require a HUGE tank from this position. I find the most likely and realistic is a continuation up from here to meet the average move. Safe trades everyone!
SP:SPXLong
by Steversteves
3
US500 SMART MONEY PLAY Smart Money Play for US500 The setup suggests a potential for continuation in the primary uptrend but warns of possible near-term exhaustion. This strategy focuses on monitoring support levels during a pullback to position for a high-probability entry in line with the trend. 1. Identify Key Support Levels for Potential Pullback • Daily HVN Nodes: The daily HVN nodes at 5831 and 5710 represent strong support zones. If price retraces to these levels, they are likely to act as points of buying interest, especially if aligned with bullish indicators on lower timeframes. • 4-Hour Ichimoku Conversion Line: Currently, price is testing the 4-hour Ichimoku conversion line. A sustained hold at this level would signal a continuation of the uptrend, while a breakdown could open the door for a deeper pullback. 2. Monitor ADX and DI for Trend Continuation or Exhaustion • Daily ADX: With an ADX of 22 and positive DI above negative DI, the daily trend is bullish but not overly strong, suggesting room for a potential continuation if support holds. • 4-Hour ADX: The 4-hour ADX at 50, with the ADX line well above both +DI and -DI, indicates possible trend exhaustion. This level, combined with bearish divergence on the RSI, suggests that a pullback or consolidation phase is likely before the trend resumes. 3. RSI and MFI as Momentum Indicators • Daily RSI: The daily RSI at 66 remains bullish but could retreat to 50-60 on a pullback while maintaining trend strength. A hold above 50 on the daily RSI would support re-entry at a favorable level. • 4-Hour MFI: With MFI rolling down from 80 to 74, it signals a reduction in buying pressure, consistent with an expected pullback. 4. Short-Term Signals on Lower Timeframes • 2-Hour MACD: The dark red bearish signal on the 2-hour MACD is an early warning for a short-term correction. If MACD starts to turn green after a dip, it could provide an entry signal. • 4-Hour RSI Divergence: Bearish divergence on the 4-hour RSI further supports a potential pullback. Waiting for a correction here before entering would minimize risk. Trade Ideas 1. Pullback Entry for Long Continuation: • Entry: Consider entering long near the HVN nodes at 5831 or 5710 if price stabilizes. Look for bullish signals on the 2-hour or 4-hour MACD and RSI to confirm that buyers are returning. • Stop-Loss: Place stops just below 5710 to account for volatility but avoid exposure if the pullback deepens. • Target: Aim for an initial move back towards the upper Bollinger Band on the daily (around 6000+) or even higher if the trend resumes strongly. 2. Alternative Short on Short-Term Weakness: • Entry: Consider a short position if price fails to hold the 4-hour Ichimoku conversion line, aiming for a target near the daily HVN nodes (5831 or 5710). • Stop-Loss: Tight stop just above the recent high at 5973, minimizing risk. • Target: Look for a retracement to the 5831 node, where support may resume. Summary of Smart Money Play 1. Trend Bias: Bullish overall but with caution for near-term exhaustion. 2. Setup: Wait for pullback confirmation to key support for a low-risk entry. 3. Entry Trigger: Use MACD and RSI on lower timeframes to confirm a resumption of buying pressure on pullbacks. 4. Risk Management: Stops below support for long positions and tight stops above recent highs for shorts, targeting the daily upper Bollinger Band on continuation or HVN nodes on retracement.
CAPITALCOM:US500Long
by Shivsaransh1
S&P500 (Bearish Correction Amid Fed impact)Technical Analysis The price has risen approximately 210 pips, as mentioned yesterday. Today, as long as trades remain below 5989, a drop toward 5931 is expected, followed by consolidation between 5931 and 5989 until a breakout. Alternatively, if a 4-hour candle closes above 5989, it would signal bullish momentum with a potential move towards 6021. Key Levels: Pivot Point: 5989 Resistance Levels: 6002, 6021 Support Levels: 5950, 5931, 5891 Trend Outlook: Bearish Correction previous idea:
OANDA:SPX500USDShort
by SroshMayi
Another S&P 500 channelSo here is another channel. The July peak made an extension of this channel, and the price didn't arrive to that extended part neither at the top nor at the bottom since then. Even if the price will arrive to that extended part at the top of the channel, it won't reach 6000 before the elections unless it makes a breakout in the upward direction thus making a new extension. Maybe it will reach 6000 after the elections. But I think that a more likely scenario is the price hitting the bottom of the channel first. Also I suggest that the price will go on a small correction now to 5650 support area, hit the trendline and make a new wave to 5800. And then we might see a good correction. If it won't go that way, perhaps this channel will be helpful in your analysis.
TVC:SPXShort
by Supergalactic
11/04 Weekly SPX Market Analysis with seamless GEX levelsThe U.S. presidential election is on November 5, and this week we can expect increased volatility due to the uncertainty. For options traders, one thing is certain: volatility will likely rise leading up to the election, peak around the results, and then gradually subside as the “fireworks” end. It’s essential to consider this in every trading decision. While the current Implied Volatility (IVx) isn’t extremely high, the IV Rank (IVR) is quite strong at 41, and this is likely to remain due to the increasing uncertainty. Based on the blue OTM (Out of The Money) delta curves, the market is currently pricing in a strong downward movement for the week, aligning with the negative gamma zone and negative gamma profile. For a bullish shift, we would need a strong push above 5845 to enter positive gamma territory (HVL level is the battleneck). ⏩ The 5700 level is a key PUT support across multiple timeframes. If this level breaks, turbulence is expected, with increased downward movement likely to follow, first to 5650 and potentially down to 5600, where larger PUT gamma walls are located. ⏩ According to the 16-delta OTM curve, a close above the previous all-time high is less likely. If there’s a strong breakout to the upside, the positive gamma threshold stands at 5850, and above this, buyer pressure could extend up to 5925. ⏩ I consider the 5700-5845 range as a “chop zone,” where high volatility is expected this week. In this zone, bears and bulls will be in constant battle, and I do not expect a clear trend. I focused on Friday’s expiration in this analysis, as market outlooks remain highly uncertain ahead of the election. The strong PUT pricing skew is a natural phenomenon and is expected to increase, especially since we are in a negative gamma zone. For December expirations, PUT options cost nearly twice as much as CALL options, as shown by our oscillator for 12/20 expiry. There’s already ~6% IV backwardation between the 11/08 and 11/11 expirations, making this ideal for time spreads. However, caution is warranted—front-month PUT calendar and diagonal spreads can easily turn negative if front IV rises more than back IV. Remember! It’s not mandatory to trade during highly uncertain periods! Staying out of the market is also a position, and sitting in cash is actually the safest choice, especially in a volatile week like this. ⏩ You can check my previous week's analysis, every one was accurate, I hope this one will useful too. 10/28 SPX 10/21 SPX 10/14 SPX 10/28 QQQ 10/14 QQQ
SP:SPX
by TanukiTrade
2
S&P500: Make no mistake. The bull is far from over yet.The S&P500 index may be overbought on its 1D technical outlook (RSI = 70.424, MACD = 27.270, ADX = 58.374), even on the 1M timeframe (RSI = 73.014) but the monthly rally is far from over. This isn't only due to the post election euphoria but also for technical reasons. Those have to do with SPX's long term cycles and as this chart shows, every 3.3 years the index tops and starts to correct until it reaches the 1M MA50, where the long term buy signal is flashed again. The 1M RSI also helps on long term buy entries as it has a clear Buy Zone, but the same goes for selling (Sell Zone). The sell validation usually comes after a LH trendline is formed. The Time Cycles tool indicates that we can start consider selling after May 2025, so regardless of how high the price is, we will time our selling accordingly. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:SPXLong
by InvestingScope
2