The S&P500 index (SPX) is trading between its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) ad the long-term Channel Up pattern that started on the November 03 Low is attempting to price its new Lower High. Based on the symmetry provided by the 1D RSI that is on the 39.00 Support (Dec 19 and Dec 28 Double Bottom), the 1D MACD and and 4H Death Cross...
It appears that the Diverging Channel Up we spoke of last week eventually prevailed and the S&P500 index (SPX) is printing a Higher High formation similar to December 01 - 13. The pattern that carries this top formation is a Cup, which is now trading around the 4H MA50 (blue trend-line). Based on the December fractal, the first target is the 4H MA200 (orange...
Pair : SPX500 Index Description : Bearish Channel in Short Term as an Corrective Pattern Exp FIAT Buying Divergence Bullish Channel in Long Time Frame as a Corrective Pattern and Rejecting Previous Resistance Level If it breaks the Resistance Level and Retest then Buy Break of Structure
This level is critical for S&P 500. It is expected price bounce back to higher level after reaching to this lvl. please risk free ur trade after hitting TP1 and save profit until Tp2 follow me for more trading signals
In its decreasing movement after breaking the trend line, it has created a very harmonic and beautiful trend with a greater slope than the higher time. Currently, in dealing with a resistance level from the previous movements in the range of 4136.85, three ranges are expected before the range of 3898.11 in the areas: 1-4045.50 2-3996.74 3-3935.98 touch There is no...
The S&P500 index (SPX) is pulling back after making a medium-term top on February 02. This isn't yet a Higher High on the Channel Up that started on the October 13 market bottom but it is a Higher High on the Diverging Higher High (light blue) that started on November 03. Keep in mind that the October Channel Up is what helped us take the accurate buy exactly on...
Two weeks ago the S&P500 index (SPX) closed above its 1W MA50 (blue trend-line) for the first time since the week of April 04 2022. Last week it tested the 1W MA50 as a Support, successfully held it and rebounded. If it wasn't for the rejection just below the 1W MA100, we would talk about the perfect break-out. Still however this is a nearly perfect recovery: a)...
SPX is at major resistance and a psychological level of 42,000. The market is consolidating between 36000 and 42000. Notice, how the price pulled back from the resistance in previous testing. Price action created a bearish harmonic pattern . We anticipate further consolidation. ------------------- Share your opinion in the comments and support the idea...
The SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction. The stability of support levels at 4000 and 3990...
The S&P500 index (SPX) closed last week above the 1W MA50 (red trend-line) for the first time since April 20 2022. On top of that it formed the first 1D Golden Cross since July 08 2020, undoubtedly a very strong long-term buy signal. At the moment it is attempting to enter the 4060 - 4145 Resistance Zone, which was formed by December's two Highs. However, having...
The S&P500 index (SPX) broke above the 1W MA50 (red trend-line) for the second time during the start of the Bear Cycle in January 2022 and the first after December 12 2022. For the past three days it is being rejected there, which makes it a strong Resistance, along with the 'Prior Lower High', which is the level we pointed out last week on our SPX report: As...
The S&P500 index followed our last projection we made on January 04 as after it held the Higher Lows of the October Channel Up, it rose substantially and got rejected on the Bear Cycle's Lower Highs trend-line (January 04 2022 trend-line): This happened because it failed to close a 1D candle above this huge Bear Cycle Resistance, same it did on December 01...
S&P500 has crossed above the 200 DMA for the fourth time. It is a critical rejection zone that will decide the fate of bulls vs bears. It would be better to wait for price to move above 4 % of 200 DMA before taking a bullish view due to the past rejections at 3.35% and 2.62% approximately. I would consider 4,132 level to be safe for long trades and would...
The S&P500 index (SPX) has been trading within a Channel Up as we showed on our last analysis, struggling to break above its 1D MA50: On the current analysis, we switch back to the longer-term dynamics and compare the 2022/23 correction (so far) to the previous Bear Cycles of 2008/09 and 2001/02, using the parameters of Inflation (red trend-line) and WTI Oil...
Although, in my opinion, there is not any fundamental reason behind it, SP500 could start rising in this first part of the year. There is a very good saying between traders: "trade what you see, not what you think" and, what I see are 3 weeks of rejection from the 3800 zone. With this in mind, if this 3800 low remains intact, we can have a nice rise from SP500...
After the break back under 4k, SP500 started to consolidate and is trading in 100 points up and down for almost 3 weeks now. The overall trend is bearish so a down break could be next. In such a case, the recent 3.5k low is exposed. This scenario has a negation above 3950. On the other hand, a break above the resistance of the range could lead to some gains and...
The S&P500 index (SPX) continues to trade on the bottom (Higher Lows trend-line) of the October Channel Up having failed to break above the 1D MA50 (blue trend-line) since December 16. This has now completed a 3-week fall following the 1W MA50 (red trend-line) rejection. Even though it appears to be staging a rebound, there is no confirmation as the 1D MACD hasn't...
The S&P500 index (SPX) hit again the bottom (Higher Lows trend-line) of the October Channel Up following two straight rejections on its 4H MA50 (blue trend-line). This completes a 2-week fall following the 1W MA50 (red trend-line) rejection. Even though it appears to be staging a small rebound early today, so far it remains even below the 1D MA50 (green...