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.
Price broke back above a level where we previously had bullish momentum to the upside (bullish indication). I am looking for price to retest the previous market highs with this next up move.
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...
Whenever this occurs, it signals the bottom of the market.
In this weekly chart, the blue line represents the 50 Simple Moving Average (SMA) and the black line represents the 100 SMA. As we can see the 50 has inverted the 100. Whenever the 50 crosses below the 100 on the weekly chart and then price moves above the 50, the market doesn't set a new low until a new...
The SPX is getting close to a major resistance that has rejected it several times since we got under it. Those who have seen my other ideas know that I am bullish on the market and I do expect us to break the resistance to the upside. If you want to know why I am bullish, see the ideas linked below. Obviously it would be bearish if we get rejected here...
SPX 500 - M30 Chart - Bullish CHannel formation
Signal No.3✳️✳️
Buy US 500 (SPX500) @ 4165
TP - 4202 & 4223
SL - 4151
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Pair : S & P 500 Index
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from the Upper Trend Line
Break of Structure
Completed " 1234 " Impulsive / " AB " Corrective Wave
Divergence
Impulse Correction Impulse
Rising Wedge as an Corrective Pattern in Short Time Frame
US500 - Intraday - We look to Buy at 4096 (stop at 4066)
Posted a Bullish Outside candle on the Daily chart.
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 4153.
The bias remains mildly bullish but there is scope for a move in either direction at the open.
Trading within a Bullish Channel...
There is so much fear in the market right now, in the past I presented a few bullish analysis showing that we may have bottomed and a bullish megaphone pattern. In this idea, I am presenting data that goes back all the way to 1964 which tells us that the trend is up.
looking at the 6month chart we can see that from 1964-1974 we had a side ways action (lost...
With all the Doom & Gloom regarding recession worries we liked our idea even more so into Q1 close last month.
So far so good however we are still very early in Q2.
We remain bullish above last months high (March 2023)
Seeking Pips will be managing our positions on the Weekly and Daily charts.
We also note that the current price is also in a key Fib...
spx analysis on the 4 hour chart
= Technical analysis is based on trend analysis, price behavior, support and resistance, and the Dow Laws
= If it crosses the downtrend to the top, it enters the first target to buy
= If he adheres to technical analysis, he has three ambitious goals
$SPX currently trending at consolidation paste. No strong catalyst for monday for market to pump
but the momentum looks strong for bullish continuation.
1 hour & 4 hour chart the RSI at the overbought level.
expect a pull back soon. for now just ride the trend.
below is my price level for SPX calls and puts.
Calls: buy above 4143.30 sell at 4180.26+
Puts: buy...
Looking for some nice bullish moves during Q2 and I expect price to hit 4530 by summer. With that being said, I also expect more gains above that price this year. Q1 closes in 4 days and we are looking bullish at the moment. If March can go bullish, I believe there is a strong chance stocks will rally this year. This analysis is based on price action, supply and...
Favoring second entry @ 4018.75
If both of these get slapped, I will be looking @ 4001.50 & go from there.
What are your thoughts on this if you have any, if you agree drop me a boost.
Grazie
444
Shep
The banking failures and constant layoffs happening in real time I believe will impact the Fed and Higher rates and recession may be imminent. We have been breaking structure to the upside and I am looking for a retrace between 3955.00 and 3980.00 with the first target at the 4027.1 level. Currently bullish until the market specifies a break of structure below...
