SPX is now at a key level of prior resistance. Will it be as simple as prior resistance turns into support for SPX? This is definitely an area to watch.
This naturally rimes with the Nasdaq signals and with the overall global equities outlook. Here, two opposing forces are the most significant factor; 1) The unfolding (and enduring!) USD strength - Downward pressure ; 2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure . Driven by the rapidly unraveling ...
Hello traders,The price currently needs new negative momentum to enable it to resume the negative attack to soon target the 4183 level, and then let us wait for it to attack the 50% Fibonacci retracement level positioned near 4138. Pivot Price: 4215 Resistance prices: 4265 & 4302 & 4346 Support prices: 4183 & 4138 & 4098 The expected general trend for today:...
Yesterday we observed a good rejection off of daily zone from SPX. now we wait for it to pull back to the daily zones coinciding with 8 EMA and the time base low AVWAP (red) and reject it. inside value day today, so if it breaks PD VAH, there can be long opportunities but not interested in that today.. rest of the technical details are in the chart.
Using Elliot Wave (projection) and fibs I show where I believe the SPX will go between now and Thanksgiving (4600). As long as we don't go below the two circled red highs the current Elliot wave will remain intact. If we drop below either of those values the Elliot wave will be invalid and the market could really drop. I don't foresee that at all but something to...
Pair : SPX500 Index Description : Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction. Entry Precautions : Wait until it Complete its Retest and Rejects
Hello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a...
Hello traders as you can see in my analysis it seems like spx500 has changed from an uptrend to a down trend forming a head and shoulder a classic bearish reversal pattern . i believe the price is being influenced by the dollar monetary policy and the situation in Palestine so watch out for that . but technically speaking , the price is coming down. please...
In my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance...
SPX 500 Lower highs now for the last two months and higher lows still bearish here till break the highs at the $4333 area, the target is the next low on the left at $4100
SPx500 if it falls above 4296 in this direction will rise to 4312 then 4334 then 4353 but if it is below 4296 the direction will go down 4279, 4259 then 4240 Pivot Price: 4296 Resistance prices: 4312 & 4334 & 4353 Support prices: 4279 & 4259 & 4240 timeframe:4H
SPX- 02/09/23 **Trade setup:** Seems to be holding the $4250 area really well, will look to test again to see if they take it out. We have completed the head and should pattern I identified on the 18th of SEPT now we are holding nice in this area so I will look for another test of $4250 to look for a structure break on the 15 min to enter a long. If it doesn't...
#SPX perfect dump from my 4600$ target Perfectly came to my 4280$ price level and bounced. Currently, on the weekly chart we can expect some bounce up to 4395$, where I highlighted a new resistance level for Bulls. Where I would wait for bullish confirmations on LTF, to be sure that the price can go higher. Otherwise we can expect strong bear reaction that...
SPx500 if it falls above 4271 in this direction will rise to 4290 then 4309 then 4334 but if it is below 4271 the direction will go down 4254 ,4232 then 4213 Pivot Price: 4271 Resistance prices: 4290 & 4309 & 4334 Support prices: 4254 & 4232 & 4213 timeframe:4H
SPx500 if it falls above 4316 in this direction will rise to 4334 then 4353 then 4394 but if it is below 4316 the direction will go down 4304 then 4286 then 4254 Pivot Price: 4316 Resistance prices: 4334 & 4353 & 4394 Support prices: 4304 & 4286 & 4254 timeframe:4H
Hi Everyone, A summary of the last 5 recessions since 1981... These recessions triggered declines of at least 20%. The Great Recession from December 2007 to June 2009 was the one that most affected the market with a decrease of about 57%. Regarding macroeconomics, the Americans are currently implementing a monetary tightening policies and have announced a final...
Told you to buy the bottom on April 15 Told you about the correction from 4600 - 4700$ on July 17
S&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%. Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage. From a big picture point of view, S&P 500 continues to consolidate in the range between...