As per the previous post (link below) , the SP500 regained the 200 day moving average and is now looking good for a continued surge up - A break of the 50 day moving average and the swing high at 4591 will open up a decent leg up targeting 4695/4736 and 4823 - I will remain in the bullish camp now while we trade above 4450 -- MANAGE YOUR RISK - - Disclaimer:...
“Excellent…”, we mutter slowly, steepling our fingertips while watching S&P500 move. In an exemplary manner, the index has finalized wave in turquoise in our turquoise target zone and is now in the middle of the countermovement we predicted. However, other than Mr. Burns from “The Simpsons”, whose trademark expression we borrow here, our next plan for the index...
SP500 has shown some weakness in the beginning of 2022... All of us know that one of the most important reason behind such a 12% drawdown is Fed hawkishness... At the time of writing smart money traders are pricing at least 5 interest rate hikes by the end of 2022, which is obviously putting pressure on the US stock market. ''Money today worth more than money...
SPX reached yearly reversal area and is likely to reverse here. I would target R3 as next long term target. For Educational Purposes Only.
S&P500 has lived through two exhausting weeks, exploring virtually every level of the blue area between 4698 and 4552 points, and lately going below it on its search for a new low. However, there is no time to relax now! We expect the index to finish wave in blue just below the blue area (and allow him a buffer zone only until 4492 points). Then, it should be...
SP500 is testing the rising wedge support for the 3rd Time in the last 25 days. The Trendline looks weak and Breakdown may cause Weakness in the Traditional Markets.
The Santa Rally is set to start on Monday, Dec. 27. This period gave positive return for the S&P 500 78.9% of the time. Since 1950, the average return of the Santa rally was 1.33%. The reasons could be optimism over the new year ahead or holiday spending. What do you think about this theory?
recent bounce seems too high vs the ATH for this move to be an ABC but it is still possible that ABC can happen, but after doing EW analysis on 4H I see a new pattern emerging and we can remain strong above the 1.618 fib extension then chances are 2.618% fib lvl will be tested for the final W5 larger HTF move 2.618 around 5,700
Last week, SP500 found strong support in 4500 zone and reversed strongly and with a big impulse. Now the index is in a small correction of this first impulse up and we can have a new leg up pretty soon. 4630-4650 zone is support at this moment and dips around here should be bought. A drop under 4600 would negate this scenario and would put SP500 in no men's land
After making significant gains, the S&P500 falls short of rising above the resistance line at 4711 points, which approves that this is an important mark. We expect the course to extend gains into the white area. However, an alternative drop ist possible, too. Here, the index would be in a bigger correction until the blue area is reached. Exciting times!
S&P is gonna bottom at 4496 then rebound and heading to new all time highs
S&P 500 Long Setup 🔵 Entry Level: $4485.5 🟢 Take Profit: $4598.5 (2.59R) ⛔ Stop Loss: $4441.8 Reasons: - Expecting price to respect the lower trendline in the descending channel one more time before correcting to the upper one - Entry level is also previous resistance level from August and September
The S&P500 has approached an area where we can slowly start to think about another corrective move by the index. Currently, there is still some room for the index to rise to areas around 4733 points. Then, it is time to cool-down a little bit. We expect the index to fall below 4584 points, before the bulls take over again. Okaaaaay, let's go!
The S&P 500 jumped back into it's longterm price channel, that is a very bullish development, and opens up the old buyzone. Wait for a backtest of the channel as support, for a very decent Long entry. Pricetarget could be the upper end of the channel, in the beginning of 2022 we would top out there at around 5.000 points.
S&P 500 Weekly Plan Long Setup: 🔵 Entry Level: $4598.0 🟢 Take Profit: $4645.3 (2.05 R) ⛔ Stop Loss: $4574.9 Short Setup: 🔵 Entry Level: $4651.8 🟢 Take Profit: $4599.4 (1.59 R) ⛔ Stop Loss: $4684.7 Reasons: 1) A clear setup would be opening a long position at what was recently resistance, as it is likely to be turned into support. However, this is too obvious of...
$SPX - S&P 500 Outlook by EOY 21' 52 Wk Range - $3,233.94 (Low) vs. $4,551.44 (High) After 7th straight day of gains - due to better than-expected earnings announcements & a new ATH of $4,551.44 on 10/21/21 - I believe the S&P 500 has the potential to reach $5,000 or higher by Jan FY22'
CME_MINI:ES1! S&P500 futures have crossed upwards over 50 days Moving Average and the trend seems to be stronger than ever. Stimulus from FED and positive tones regarding stimulus from other major central banks fulfill the market with the bullish signal. However, traders must be careful as we are getting closer to All-Time High -levels once again. The market has...
It IS rocket science when we are analyzing the S&P500 and where it is about to go, because this thing is literally a rocket! We expect it to rise to areas above 4549 points. After a small correction, we expect it to extend new all-time highs above 4620 points. Happy weekend!