SPX500USD - Intraday Broken out of the wedge formation to the upside. The formation has a measured move target of 4540. Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias. Bespoke support is located at 4310. Reverse trend line support comes in at 4295. There is scope for mild buying at...
US500 - Intraday - We look to Buy at 3858 (stop at 3818) Levels close to the 61.8% pullback level of 3972 found sellers. An overnight negative theme in Equities has led to a lower open this morning. Intraday, and we are between bespoke support and resistance 3858-3983. Immediate signals are hard to interpret. Preferred trade is to buy on dips. Our profit...
Are you ready for some exciting news from the stock market? The S&P500 index is breaking out of a long-term resistance that has been forming since late 2021! That's right, the bulls are charging ahead and the bears are retreating as the market prepares to breach this significant and durable resistance. What makes this breakout even more exciting is that the...
US500 - Intraday - We look to Buy at 3875 (stop at 3855) Continued downward momentum from 4013 resulted in the pair posting net daily losses yesterday. An overnight positive theme in Equities has led to a higher open this morning. The 361.8% Fibonacci extension level of the 4016-3977 move is at 3875. A Fibonacci confluence area is located at 3875. There is...
US500 - Intraday - We look to Sell at 3895 (stop at 3945) Posted Mixed Daily results for the last 9 days. Intraday, and we are between bespoke support and resistance 3747-3895. Rallies continue to attract sellers. The medium term bias is neutral. Our profit targets will be 3747 and 3700 Resistance: 3895 / 4028 / 4140 Support: 3747 / 3700 / 3515 Risk...
US500 - Intraday - We look to Sell at 3918 (stop at 3988) Trades at the lowest level in 25 days. The 161.8% Fibonacci extension is located at 3861 from 4140 to 3968. The medium term bias remains bearish. Bespoke support is located at 3504. Our profit targets will be 3745 and 3505 Resistance: 3918 / 3958 / 4140 Support: 3861 / 3746 / 3503 Disclaimer –...
US500 - 9h expiry - We look to Buy at 3725 (stop at 3678) An overnight positive theme in Equities has led to a higher open this morning. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 3798. However, with the intraday chart now highlighting higher lows we are possibly forming an ascending...
US500 - 8h expiry - We look to Buy at 3851 (stop at 3825) Trades at the highest level in 6 weeks. An overnight positive theme in Equities has led to a higher open this morning. The previous swing high is located at 3912. There is scope for mild selling at the open but losses should be limited. Bespoke resistance is located at 4065. We look to set longs in...
US500 - 9h expiry - We look to Sell at 3809 (stop at 3851) Following yesterday's bearish candle, the overall trend lower looks set to continue today. A bearish Head and Shoulders is forming. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 3689 and 3640 Resistance: 3813 / 4325 / 4640 Support: 3690 /...
US500 - 7h expiry- We look to Sell a break of 3812 (stop at 3867) Prices have continued the bullish move higher and resulted in 3 consecutive positive days. A lower correction is expected. Price action has formed an expanding wedge formation. A break of 3813 is needed to confirm follow through negative momentum. Further downside is expected. Our profit...
US500 - 8 hours expiry - We look to Sell at 3803 (stop at 3867) Prices have continued the bullish move higher and resulted in 2 consecutive positive days. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. The primary trend remains bearish. Our profit targets will be 3703 and...
US500 - 23h expiry - We look to Sell at 3710 (stop at 3780) Buying pressure from 3580 resulted in prices rejecting the dip. The trend of lower highs is located at 3721. The bias is still for lower levels and we look for any gains to be limited. This is negative for sentiment and the downtrend has potential to return. We therefore, prefer to fade into the...
US500 - Intraday - We look to Sell at 3679 (stop at 3721) Prices have continued the bearish move lower and resulted in 3 consecutive negative days. We look for losses to be extended today. A firmer opening is expected to challenge bearish resolve. Resistance is located at 3690 and should cap gains to this area. We look to sell rallies. Our profit targets...
US500 - Intraday - We look to Buy at 3687 (stop at 3613) Buying pressure from 3560 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 3680 and should stem dips to this area. Dip buying offers good risk/reward. Our...
US500 - Intraday - We look to Buy at 3674 (stop at 3598) Following yesterday's bullish candle, the overall trend higher looks set to continue today. A weaker opening is expected to challenge bullish resolve. Support is located at 3670 and should stem dips to this area. Preferred trade is to buy on dips. Our profit targets will be 3850 and 3900 Resistance:...
US500 - Intraday Expiry 9pm UK - We look to Sell at 3777 (stop at 3836) Sentiment remains negative despite the pull-back higher in prices. We are assessed to be in a corrective mode higher. Horizontal resistance is seen at 3800. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a...
US500 - Expiry in 24h - We look to Buy at 3676 (stop at 3602) The medium term bias remains bearish. The previous swing low is located at 3640. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a tight stop in...
US500 - Intraday - We look to Sell at 3834 (stop at 3889) The medium term bias remains bearish. We can see no technical reason for a change of trend. A firmer opening is expected to challenge bearish resolve. Resistance is located at 3840 and should cap gains to this area. We look to sell rallies. Our profit targets will be 3701 and 3680 Resistance: 3840...