Today we are here to talk about the SXP500 index. Today: The index is trading at 4462. In the last trading session, we saw a sharp rise in prices to the level of 4485, which I mentioned earlier here is a link to the idea. What's on the market now: The market continues to develop lateral movement. Perhaps there is a good place to enter the market. What are we...
In this video we will look at Long zones for the SPX as sentiment changes in the market.
On the weekly chart, SPX had a bounce off support and is currently at the axis line. This may suggest a potential pullback for a bullish continuation. 4800 maybe a near-time psychological resistance, with 5,000 as all-time high and a major resistance at end of 2022.
Would like to see the 618% fib retracment level around 4350 get tested. This should hold for W2 as we continue higher into W3. Levels marked off in a minor trend as I expect this to take a few months 6 plus.
SPX - Again, similar story with SPX (95% Correlates with the DOW) This moves, dow moves, again today not respecting anything (Due to the sell off), another butterfly forming here, if we don't see this demand respected ill be looking for shorts on Indices, lets see what the opening bell brings. Let me know your thoughts! * Disclaimer ** These ideas I never...
Hey traders, we are monitoring S&P500 for a long term buying opportunity around 4270 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
The S&P 500 Index trades approximately 7% below its all time high value that it reached on 4th January 2022. Volatility of the index fell sharply in the last three days which supports the notion that selling pressure has cooled off tremendously. Because of that we are growing increasingly bullish on SPX. This view is also supported by bullish developments taking...
Hi everyone, SPX is about to complet the C wave inside this Zig Zag ABC. Max wave 5 target (the 261.8%) fib is at 4500. It's a very clean pattern, impulse down in A, ABC in B and impulse down in C on the 100% fib. SPX is already diverging (bullish Divergence Class A on the RSI). The big question is what's next...? It can be 2 things now, a new higher high or the...
For more highly detailed daily analysis , please feel free to go ahead and click on the follow button. Any questions, please do ask them! Our SPX chart has shown a long term up move. This is due to the acceleration of growth after the pandemic amongst other factors. As of late we have seen new inflation fears that have knocked the SPX lower. On this lower move...
Don't forget to click on the follow button for more detailed analysis and ask any questions should you have them, After moving to the short side at the open today we are now looking long. This is based on TECH factors like our Price action (See Labelled Areas). Exit at eclipse symbol area for gains on the long side.
Hey traders, in the coming week we are monitoring US500 for a buying opportunity around 4620 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Don't forget to click on the Follow button for more daily detailed analysis, Also if you have any questions, please do ask them! When looking at our SPX chart we can see a clear uptrending channel. Along with this we can combine some nice price action and other TECH aspects. We are still looking long and exit area is noted by the eclipse symbol.
Don't forget to click on the Follow button for more daily detailed analysis, Also if you have any questions, please do ask them! Here we have our SPX Chart. On this current upmove we are looking to continue the upside bias. Techs + market rules are in order for entry. Exit is at eclipse symbol.
Here we have our SPX chart. After the recent Hawkish FED sentiment we have seen a rapid fall on many Assets. The SPX has taken a hit and is falling back down this channel. We are looking long at the level Noted as price falls. Price direction is noted by Directional arrows + eclipse symbol.
As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart). With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the...
Expect markets to remain at last week’s levels of raised volatility for the final week of the third quarter with investors keeping an eye on fresh economic data for the US including the ISM Manufacturing PMI and PCE inflation. Fed Chair Powell will also testify on Coronavirus and CARES Act before the Senate and lawmakers will try to pass a funding plan to avoid a...
SPX500 narrowly missed my 1.618 W3 TP by 60 base appoints or there about, then began what we are now currently in and I am calling W4 and expect another ABC correction here to lead us into W5 which can break above 5,000 EOY
S&P had really good fundamental news today with Margins increasing by 13%. The sell off comes all the way down to seek liquidity at a Gap i had marked for some time now. This gap provided a fantastic rejection zone and im expecting a rebound. looking for a rebound to the 50% level and really hoping to get to the 4600 61% area.