SNP 500 targets: Bull run to 3290 6-10 July 2020 July 13-14 starts correction -7-8% from 3290. (3130) Flat august, mixed september-october growing to 3400 October 2020 3400-3450 November- MAJOR CORRECTION - 2950 (possible: 2800, but small chance) After re-electing Trump 3400+ December 3500. PS: Vaccine news anytime will do +10% day.
The first two days of this week put the S&P500 in bullish stance, as it closed the month, and quarter. Monday showed a Piercing Pattern and yesterday (Tuesday) clocked the confirmation of reversal and trend continuation. This happened as it bounced off the 55EMA. Furthermore, the MACD is about to cross up. Strong bullish bias to the upside for the rest of the...
Yesterday closed the month of June and the S&P500 (futures) ES1! Monthly chart indicate a possible bullish longer term backdrop. Here is why: After a volatile June (with long tails on both ends of the candlestick), June closed just below the bearish trailstop line after bouncing off the monthly 55EMA a few months ago. Via candlestick analysis, one would have...
I couldn't resist noting the last 2 candles were the sames as the ones of Feb... What's funny though is that tomorrow is the options's expiration date. Is is was in Feb when the market started collapsing. I am not an expert in options but: 1)"An option will have no value if the underlying security is below the strike price (in the case of a call option) at...
Hello! Welcome on regular Daily chart update for S&P 500 and US Stocks market. Price is above 3000 resistance zone for 4 days already, and this Monday probably will be above it too, or at least close to it. I am still looking at 12345 Elliott Wave structure, and looking for the continuation inside sub (v). IMHO, After reaching resistance at 3200-3100 we are...
Hi! Let's take a look at the nearest prospects of S&P 500. The price keeps on rising up without correction for a long time. Market looks like a bubble now... Strong level is at the mark 3245, I'm planning to open a short starting from these marks. All information is in a chart.
Trader, there is a Bearish Hammer Candle #US500 #SNP500 #SPX. ____________________________________________________ Traders! if you like my ideas or have your own ideas to share on this market, comment below so that we can discuss. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
The S&P500 has been in its longest bull market in history, did that come to an end in March 2020? Is this a dead-cat bounce or is the bottom in and we should starting putting on our S&P500 40k hats? One sign of this being a dead-cat bounce is that since 2018, the RSI (an indicator of the momentum) has been declining while prices have been rising. In 2019 and...
X Force Global Analysis: The S&P500 index has been showing a clear bull trend for the past few weeks. However, as the "V" shape recovery takes place, we witness a weakened bullish momentum, and a probability for a corrective trend to take place. In this analysis, we explore the bullish and bearish technicals to determine the probability of a correction. ...
X FORCE GLOBAL ANALYSIS: The Great Depression that took place in 1929, took 10 years to recover, and is still remembered as one of the most devastating events that hit the stock market. Today, the stock market is recovering from a devastating hit caused by a virus outbreak (COVID-19). Governments and banks have worked together, initiating both monetary and...
X FORCE GLOBAL ANALYSIS: In this analysis, we take a purely technical approach to the S&P 500 Index. Bullish Evidence - We see a bullish divergence, with higher lows on the price, and lower lows on the indicator - The Relative Strength Index (RSI) shows lower lows, as well the Moving Average Convergence Divergence (MACD) - We are also creating higher lows...
The previous resistance at 2635 was broken after 3 attempts and now, forming the new support line at that level. New resistance is currently at 2810 and has been tested twice. Look like it might head down a little before trying the resistance again. The stock market continued to rise last week, even as Labor Department data continued to show signs of high...
If there's no good news then I predict this.
S&P500 is currently trading sideways, within range of $2420 to $2635. Its been doing so for the past 20 days. There isn't much strong bullish or bearish news in the market yet except that Covid19 cases are still crawling and that globally, there has been 70,000 more cases with 25,000 cases located in the US. Will start to post some news here too as well as...
During the 2008 financial crisis, there were 6 different rallies before the market really bottomed. The rallies ranged from 9% gains to up to 26.5% gains right before it took a 30% dive and bottomed at $665. Afterwards, it just took a bull run for the next 10 years. What we can gather from this is that, any rally might just be temporary and potentially, there...
Many countries are releasing stimulus right now increasing Singapore. I think it will help boost the economy slightly. However, based on Fib retracement, a good entry level for S&P500 ($1705-$2350). A Fibonacci retracement is a term used in technical analysis that refers to areas of support or resistance. Fibonacci retracement levels use horizontal lines to...