SPX will be the first update from TheTradersRoom.
SPX has hit its desired target we have called yesterday - 4904.50-4909.50
So I call it a perfect hit. Today's reversal came on a heavy selling, also got a black reversal daily closing SPX candle, which if not broken 1c above should mark at least a temporary top.
If the price did find its top, then tomorrow's open...
Pair : SPX500 Index
Description :
Rejecting from Resistance Level with Strong Divergence in RSI. Bullish Channel as an Corrective Pattern in Long Time Frame with the Rejection from Upper Trend Line. Completed " 12345 " Impulsive Waves
Pair : SPX500 Index
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame. It has completed " 12345 " Impulsive Waves at Daily Resistance Level creating Double Top Pattern as Corrective Pattern in Short Time Frame. We have Strong Divergence and CHoCH
What's on the chart?
1) An old high that marked a strong year for 2023.
2) A rebound in a weekly FVG that earlier served as a bullish signal for prior trading sessions.
3) In the process of that rebound, a 4H bullish FVG was formed which will serve as our target area + fibs.
4) The 2023 high was broken.
5) IMPORTANT: the new high wasn't taken out. Hmmm.....
Dear Esteemed Members,
The supertrend was bullish, but two sell signals concluded with a bearish price action.
The rejections happened around the resistance level from a previous top.
The price is now below the upper green support level.
I think the S&P 500 market will reach the next support level: around $4600.
So, I'd consider a short position. You can...
Closely monitor the zone indicated in above chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content...
Pair : SPX500 Index
Description :
Completed " 12345 " Impulsive Waves at Daily Resistance Level. Impulse Correction Completed. Breakout of the Corrective Pattern " Bullish Channel " in Short Time Frame and Strong Divergence in RSI
📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not.
🏃♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines...
SPX500 broke the key
Horizontal level of 4588.4
And the index is trading in an
Uptrend so I am bullish biased
And I think we will see
Some further growth !
SPx
New forecast
The index price rose in yesterday’s trading and took advantage of the positive pressures to hold above the stable barrier at 4460. We noticed that it recorded significant gains by rushing towards 4500, suggesting an upward trend during the coming trading.
Therefore the upward scenario will be remain valid and effective supported by moving...
CBOE:SPX is climbing it's 5th and last (?) wave from the parabolic rise created since the GFC... targets about 5600 CBOE:SPX and from there I do expect the October 2022 lows to be taken out at last...
Exited my bottom snipe 450 calls. 900% in 2-3 weeks. Not bad. Had to take profit.
Following the same plan as outlined in this chart. Waiting for pull back here or close to here. Then calls again.
Hello Traders !
On The Daily Time Frame, The SPX500 Price Reached A Strong Support Level (4141.00 - 4103.00).
The Resistance Level (4397.84 - 4376.45) is Broken and Becomes a New Support Level.
The Resistance Line is Broken.
So, I Expect a Bullish Move📈.
i'm waiting for retest...
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TARGET: 4500.00🎯
