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$SPX500USD US500 Continue to Build Upward PressureOANDA:SPX500USD We will have choppy times ahead. Target 4600 Above 4600 Vey Low Volume The sentiment is positive 4060 is support Technically Higher Highs Lower Lows We are slowly leaving the current ange The ranges are increasing The S&P 500 has rallied rather significantly during the course of the week to break above the 4200 level, showing signs of extreme strength. At this point, the market looks as if it is going to threaten the 4300 level above, an area that has previously been resistance. We have seen a lot of noise over the last several months, but the resiliency of the market is something that you have to pay attention to. As long as the market stays this resilient, it will be difficult to short anytime soon. The candlestick seems as if it is trying to tell us that the market has made up its mind finally, and that it decided that it’s going higher. If we can break above the 4300 level, then this becomes more of a “buy-and-hold” situation, but you can see that the gains have been hard won. With that, I think you get a situation where you are probably better off looking for short-term dips that you can take advantage of, as they offer value in what is becoming a very aggressive uptrend. That being said, if we were to turn around a break down below the 50-Week EMA could send the market lower, perhaps back down to the 4000 level, and even down to the 200-Week EMA which is currently near the 3770 level. However, it’s probably worth noting that momentum is definitely not on your side if you are going to take this position, and therefore you are probably better off looking for a move to the upside but expecting a lot of volatility. Keep in mind that the S&P 500 is not equally weighted, so it’s just a handful of stocks that make the difference.
CAPITALCOM:US500Long
by DaveBrascoFX
4
SPX Swing Trade, History repeating (CPI incoming)The chart is self-explanatory, I have highlighted in the chart where we saw remarkably similar price action in the past. I have identified two different structures in the chart, a parallel channel, and a disjoint channel. We are currently trading in the disjoint channel. A disjoint channel has expanding edges which have same slopes locked in opposite directions. We entered the Current Disjoint channel from a parallel channel trending upwards which is exactly what happened in the past, the only difference is size of these channels, in past we had larger Parallel and disjoint channel compared to what we have now. The small size of channels this time indicates reduced volatility overall, which if it happens at the end of an uptrend, means we are topping out. Let's make some predictions based on this. If we look at the current price action, it is forming a bull flag (highlighted in the chart) , I have also highlighted the measured move of the flag. If the flag plays out its measured move intersects directly into the top of the disjoint channel as well as the August high. Which I believe should be the top or close to it. In case bull flag fails , and we first drop a bit then we can look at that the blue line, it is placed for 10th May CPI Day and if we move up on that day, we are still intersecting close to the August High and top of the disjoint channel. Apart from the above structures we also have a harmonic structure with its PRZ falling right onto Aug high. If you like my content then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
OANDA:SPX500USDShort
by zakoraio
2
US500 Trading Plan - 4/Mar/2023Hello Traders, Hope you all are doing good!! I expect US500 to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
UShort
by For3xScalper
MARKET STRUCTURE IN US_500 (SP_500)The S&P 500 index is currently in a bullish trend, forming higher highs and higher lows. However, it recently created a series of equal highs, followed by a lower low. If the index breaks below the recent low, it could be an indication that the trend is turning bearish. On the other hand, if it breaks above the equal highs, the bullish trend is likely to continue. Traders should keep a close eye on these key levels and use them as potential points in their trades. Happy trading!
U
by arpitjain11
S&P 500: Two Pattern to Trade in short termHi everyone! The trend is bullish on S&P 500 (Futures), and if we try to follow US Index on intraday chart, we have two important levels: 4,189.75 and 4,098.50. Potential resistance breakout should develop a harmonic structure with Target around 4,238.50, conversely, 4,098.50 failure should trigger bearish consolidation around 4,048.00 area. Technically, both setups are high risk, so using a small size should be a good choice. ...trade with care! 👍 If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖 Cheers!
CME_MINI:ES1!
by TheAnonymousBanker
S&P500: Don't push it 🚫The S&P500 is currently wandering sideways and doesn't really know, where it's heading. We're currently expecting the course to sink further South, but there is a slight temptation to cross the resistance line at 4026 points. In our alternative scenario with a probability of 30%, the course could dig a bit deeper to finish the pink wave alt. II, before exceeding the resistance mark at 4026 points for good. Primarily, the S&P500 should fall below the support line at 3788 points to complete the blue wave . Once achieved, we're predicting steady upwards pulses in the longterm.
CME_MINI:ES1!
by MarketIntel
S&P500: More Pep!S&P500 needs some more pep to make it above the resistance at 3820 points, so let’s cheer it on! S&P, you are strong enough to climb above 3820 points and to hop into the upper blue zone between 3943 and 4015 points overlapping with the pink zone between 3963 and 4052 points. After you have finished wave (III) in blue there as well as concluded a countermovement in the course of wave (IV) in blue, you will continue to rise further. Although there is a 33% chance that you could lose your grip and drop below the support at 3502 points, that would only activate a detour through the lower blue zone between 3455 and 3285 points overlapping with the pink zone between 3362 and 3271 points. In that case, you would just complete wave alt.4 in turquoise and start the ascent afterwards.
CME_MINI:ES1!
by MarketIntel
S & P 500: UPDATE ; the gates of Mordor Yeh the title, duno. Anyway its pretty self explanatory. even put some pretty icons on it for you. This is an update of the last idea; see attached. I have adjusted the fractal a bit to make it a bit more 'accurate'. Looks more like blue to me but a sharp drop from here would paint the yellow picture. These are massive bear market rally comparisons; 18 and dotcom crashes. We are probably in another one. Which will prob play out similarly. But who the f&^% knows right? I use fractals as historical comparisons to keep my bias squashed, make me more flexible and ready. History does tend to repeat. lfg do the gates of Mordor open or not? one things for sure we are in a highly correlated environment; crypto etc all gonna do whatever this pos does.
SP:SPX
by Crypto-Quantum-Fox
2
S&P 500 Analysis and Trade IdeaInternal is now bullish. A break of the swing low, then an iBOS toward the EQ, now a return to impulse.The strong internal low may hold, potentially sending price higher to premium prices to mitigate the supply zone. Look for bullish price action from the current levels, as price reacts to the daily and 4H demand zones. I am mindful of the strong bearish momentum. Price very well may continue lower, taking out the demand zones and the strong internal low. BOS = Break of structure EQ = Equilibrium, the middle of the leg of structure Premium prices = the upper half of the leg of structure Strong/Weak low/high = top or bottom of current trading range (leg of structure) Please support my work by clicking the LIKE button and leaving a comment. Thank you.
OANDA:SPX500USD
by RT_Money
S&P500: S&P-inkS&P500 seems to be tickled pink – metaphorically as well as literally. The index has taken to our expectations and has a lot of pink to face. First, the index should fall below the support at 3639 points and into the pink zone between 3598 and 3508 points to finish wave III in pink. Then, it should return above this mark once more to complete wave IV in pink in the pink zone between 3712 and 3885 points. Afterwards, S&P500 should finally move downwards again, heading for the zone between 3362 and 3271 points in – guess what? – pink!
CME_MINI:ES1!
by MarketIntel
6
S&P500: Rare, Medium or Done? 🥩That’s generally the question when preparing steaks. Additionally, we might also ask S&P500 whether it is already done – namely with wave V in pink and wave 3 in blue. We still give the index some time and room to finish them both, but afterwards, it should get started on a countermovement leading into the lower blue zone between 4144 and 3998 points. There, it should complete wave 4 in blue and subsequently take off again. There is also a 40% chance, though, that S&P500 could drop below the resistance at 3950 points, thus eliciting a detour below the next mark at 3639 points and into the turquoise zone between 3597 and 3353 points.
CME_MINI:ES1!
by MarketIntel
1
S&P500: No LazybonesDespite the holiday in the United States, S&P500 has not been lazing around but has climbed into the middle white zone between 4156 and 4224 points. There, the index should finish wave (3) in white and subsequently start a countermovement into the lower white zone between 4076 and 3999 points. After it has completed wave (4) in white in this region, S&P500 should turn around and head for the upper white zone between 4332 and 4400 points to finish wave (5) in white. However, there is a 38% chance that the index could break through the bottom of the lower white zone, fall below the support at 3855 points and drop into the magenta zone between 3788 and 3683 points.
CME_MINI:ES1!
by MarketIntel
S&P500: Exhausting 🥵An exhausting time lies behind S&P500! It has been moving up and down with vivid gestures and has paced itself a bit only recently. We expect the index to take a rest in the magenta zone between 3788 and 3683 points, where it should also finish wave iv in magenta. Afterwards, it should be revived enough to rise towards the mark at 4101 points. However, there is a 33% chance that S&P500 could be too nervous to relax and thus could climb above 4101 points immediately.
CME_MINI:ES1!
by MarketIntel
S&P500: AmbitiousS&P500 is quite ambitious these days and has made it not only into the middle white zone between 4458 and 4509 points but also into the blue zone between 4510 and 4550 points directly above it. As matters stand, there is a 38% chance that the index could rise above the resistance at 4585 from this position. However, we rather expect S&P500 to initiate a countermovement first, which should lead into the lower white zone between 4406 and 4297 points. From there, the ascent can start in earnest and should proceed above 4418.75 points, above 4585 points and into the upper white zone between 4592 and 4643 points. We should not yet forget, though, the possibility that S&P500 could still fall below 4239 and even below 4101 points, which would result in a detour through the magenta zone between 4086 and 3980 points
CME_MINI:ES1!Long
by MarketIntel
2
S&P500: Check Your Air SupplyS&P500 has to check its air supply because it must decide whether it should dive until the bottom of the turquoise zone between 4251 and 4135 points immediately or rather return to 4275 points first for some fresh air. Whatever its decision will be, we expect the index to start into a new upwards movement after finishing wave ii in turquoise at the bottom of the turquoise zone or just below it at the latest. To accomplish this upwards movement directly, though, S&P500 must not slip below 4101 points. Otherwise, it would have to swim through the magenta zone between 4086 and 3980 points before rising up again. Still, there is a 40% chance that this could happen.
CME_MINI:ES1!
by MarketIntel
S&P500: Grasshopper 🦗 No, we are not talking about the cocktail! S&P500 has been hopping up and down within the green zone between 4354 and 4253 points like a grasshopper in its grassy territory. At the moment, it is heading for the support line at 4354 points and could very well jump above it already. It could also stay in the patch of grass a little bit longer, though, and warm up its strong hind legs. For as soon as S&P500 has climbed above the support at 4354 points, we expect it to leap the resistance at 4585 from there. However, there is a 45% chance that S&P500 could crawl below the grassy zone and even below the support at 4212 points. In this case, it should make a detour through the magenta zone between 4126 and 4035 points first before skipping back up, initially above 4212 points, then above 4354 points and from there further upwards.
CME_MINI:ES1!Long
by MarketIntel