This was my article about the SPY S&P 500 ETF price target for 2023:https://www.tradingview.com/chart/SPY/l6U1M9dJ-SPY-S-P-500-ETF-2023-Forecast-CPI-Report-Prediction/ I was bullish, but not enough! In the July 2023 meeting, the FOMC opted to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at curbing elevated...
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
SPX500 will soon hit A horizontal resistance Level of 4732.26 and After the retest we will Be expecting a move down !
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 !
Hello everyone, SPx500 6H NEW FORECAST The index price succeeded in surpassing the additional resistance extending towards 4725.00, confirming its readiness to resume the upward attack by currently recording some additional gains by reaching towards 4785.00. We currently and continuously expect the price to be exposed to positive pressures, exceeding the...
SPX500 will soon hit A horizontal resistance Level of 4591.26 and After the retest we will Be expecting a move down !
Hello everyone, SPx500 6H NEW FORECAST There is nothing new for the index price to provide repeated closings below the barrier represented by the level of 4635.00, which increases the chances of it renewing the bearish corrective attempts for the current period, which in turn may target the level of 4540.00, reaching additional stable support near 4500.00. ...
Hello everyone, SPx500 6H NEW FORECAST The index price began to receive additional positive momentum with the Stochastic indicator rushing again towards the 80 level, confirming the positive continuity previously suggested by its positioning at 4595.00. We expect the price to soon form new ascending waves to attack the recently achieved peak represented by the...
Hi Traders! SPX is trading near its five-month high at 4607.07, and with Fed Chair Powell speaking later, the market could reach this level by the end of the trading week. Price Action 📊 After the break and close of the previous resistance at 4541.25, the market has refused to go back below this level for the time being, and an ascending price channel has...
SPx New forecast The index price presented many positive closings and is now trying to hold above the resistance level at 4573, increasing the chances of an upward trend once the stabilized above the resistance . Therefore the upward scenario will be more likely during coming period ,and moving average 50 continue support the price to rise up , so stabilized...
SPx New forecast The index price failed to breach the stable barrier at 4573 and lost positive momentum, forcing it to postpone the upward attack, forming a temporary negative bounce, and try to start a negative correction to reach 4518 and 4494 levels before any upward . Therefore the negative correction will be more likely during coming period ,to the price...
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...
In yesterday's trading, the index price touched the level of 4540.00 and then rebounded directly towards 4510.00, trying to catch its breath before resuming the main upward attack. The 4470.00 level continues to form additional support and the Stochastic indicator continues to fluctuate within the buying trend level. These factors support our bullish bias to...
hello everyone,The index price repeatedly presented positive pressure on the stable barrier at 4422, with the aim of finding an outlet to resume the previously suggested upward attack. Currently, and with the main indicators of positive momentum presented, we advise waiting for the price to achieve the required breakthrough, to open the door to reaching additional...
SPx New forecast The index price fell in yesterday's trading and failed to resume the upward attack, forcing it to form a bearish corrective bounce, thus testing the initial support stable at 4353. Therefore the downtrend scenario will be more likely during coming period and targeting 4321 and extend 4300, taking into account that stabilized above 4370 will...
SPx New forecast In yesterday's trading, the index price touched the 4395 level and then repeated the sideways fluctuation, while the general stability is above the support level extending towards 4370, this calls us to adhere to the bullish bias, which may soon target the 44270 and 4445 levels. Therefore the uptrend scenario will be remain valid and effective...
Pair : SPX500 Index Description : Exp FIAT as an Corrective Pattern in Short Time Frame and Rejection from the Lower Trend Line after it has Completed " abcde " Corrective Waves. Impulsive Wave " 1234 " Completed at Fibonacci Level - 50.00% Entry Precaution : Wait until it Breaks or Rejects UTL
SPx New forecast The price of the index rose yesterday and some positive trading appeared to stabilize above the level of 4353, trying to confirm the positive continuity and reaching 4395, which in turn currently constitutes a new resistance and stability above it will facilitate the task for the price to reach 4427 and 4445. Therefore the uptrend scenario...