S&P 500 has experienced a breakout and subsequent pullback on a key level in the daily timeframe, leading to an important weekly resistance. We observed a significant sell-off pressure in the past, and it is crucial to closely monitor the price reaction within this highlighted zone to determine future possibilities.
S&P 500 INDEX MODEL TRADING PLANS for FRI. 06/02
We started last trading week with our trading plans on Monday titled: "Debt Ceiling Deadline Likely to Whipsaw the Markets", and these words: "Expect the approaching debt ceiling deadline to attract both bulls and bears to heightened speculation, resulting in some whipsaw movements until the deadline passes and the...
S&P 500 INDEX MODEL TRADING PLANS for THU. 06/01
We started this trading week yesterday with these words: "Now that the Debt Ceiling drama is apparently over ("apparently" is the keyword there), can the markets continue to be intoxicated on the nVidia-A.I. exuberance and continue the bullish leg or get back to the macro-economic fundamentals of inflation,...
Hey Traders,
This is the setup that spot the bearish continuation for those that missed the first trade opportunity on S&P 500.
Watch out for the pullback to the supply zone.
Hey Traders,
Check this analysis out on S&P 500.
The pair is at the last phase of the ascending wedge pattern and a nice fall from grace could be well anticipated for.
Keep a close tab on it
S&P 500 INDEX MODEL TRADING PLANS for WED. 05/31
We started this trading week yesterday with these words: "Now that the Debt Ceiling drama is apparently over ("apparently" is the keyword there), can the markets continue to be intoxicated on the nVidia-A.I. exuberance and continue the bullish leg or get back to the macro-economic fundamentals of inflation,...
Looks like Minor wave 3 ended a tad shy of 4136 and a few days late, but still on track overall. Minor wave 4 should only last 2-3 days with the bottom likely occurring by Thursday at the latest. It is possible Minute wave A inside of Minor wave 4 was completed today. Models are pointing to the bottom around 4176 based on historical Minor wave data. Minute wave C...
Check this chart of the SPY, there is some resistance at current levels. I don't think is going to break out at first attempt, most likely to pull back to the bottom of the channel first. I have no positions here, I'm already loaded with shorts.
S&P 500 INDEX MODEL TRADING PLANS for TUE. 05/30
Now that the Debt Ceiling drama is apparently over, can the markets continue to be intoxicated on the nVidia-A.I. exuberance and continue the bullish leg or get back to the macro-economic fundamentals of inflation, valuation, china-slowdown (bad news good news here, with hopes of China stimulus?) etc.? A couple of...
- T-bills to be issued by the end of Q3 drain liquidity and have an impact similar to a 25 basis point increase in benchmark rates.
- Further market extension is challenging due to possible overtightening.
- Unemployment data is a significant turning point.
- Unsatisfactory market breadth.
- Significant divergence between Nasdaq and Treasury 2-year.
Hello...
Dear @TradingView ,
Today, I would like to share some observations regarding the S&P Composite index that highlight a repeatable market cycle. It is evident that this cycle consists of a 30-20 year period of Economic Growth, followed by a subsequent phase of 15-10 years characterized by Downturn or Sideways movement. By examining the historical data, we can...
Hey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
Hello, everyone.
My previous idea a week ago had a bearish outlook on SPX.
However things have changed, as we now have a clearly defined outbreak in the RSI.
The target range now is 4400-4500.
Depending on how the market opens on Tuesday. I may open long position.
Good luck everyone.
Stay safe, stay liquid.
Approximately a month ago on CNBC, the ticker displayed on the bottom of my TV screen would be fixated with a quote of Bitcoin. The bewilderment of the CNBC hosts with the fact that Bitcoin was actually moving up and displaying stable price action, in the midst of a banking crisis was, to them, counterintuitive. Inexplicable.
In my trading office I keep CNBC on...
Whilst this year's 'rally' on the S&P 500 has been mediocre at best, the increase in net-short exposure to S&P futures has been impressive. As of last Tuesday, large speculators pushed their net-short exposure to the futures contract to their most bearish level since late 2007.
Yet with prices rising whilst speculators increase bearish exposure, there is a clear...
The SP500 is in long consolidation and it looks like it is near to its end.
I am considering two scenarios:
1. After debt ceiling deal – when they increase debt limit – the price will break up as a bull trap and will bounce from the next resistance.
It will fuel the price to push to the targets – near pandemic bottoms.
2. The price, after the deal, will do...
S&P 500 INDEX MODEL TRADING PLANS for WED. 05/24
We started this trading week with our trading plans on Monday titled: "Debt Ceiling Deadline Likely to Whipsaw the Markets", and these words: "Expect the approaching debt ceiling deadline to attract both bulls and bears to heightened speculation, resulting in some whipsaw movements until the deadline passes and the...
