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SPXUSD

S&P500 Keep an eye for a repeat of mid October!The price action of the S&P500 index on the 1D time-frame since the January 04 2022 Top (left side), is so far very similar to that of September - mid October on the 12H time-frame (right side). In both cases, there is a Lower Highs trend-line involved from the top, the MA50 (blue trend-line) providing Resistance, as well as a break below the MA200 (orange trend-line). The RSI sequences are also identical. On the mid-October fractal, the price turned bullish again only after it broke above the MA50 and the Lower Highs trend-line. The key before this, was the green Higher Lows zone that held and gave the last decisive push to make the break-out. Right now, and of course if the pattern continues to replicate the October sequence, it seems that S&P500 is on the last pull-back stage to test the green Higher Lows zone. If that holds, look for an MA50/ Lower Highs test. A break above, most likely confirms the return to long-term bullish territory. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
8
SPX500USD on a H&S pattern? 🦐SP500 on the 3d chart creates a possible Head and shoulder pattern at the top of a long bullish trend. After the left shoulder, the market forms the head with a double top over the monthly trendline at the 4800 melt to the support. The price then reacted at the support area and tested twice the resistance area at the 4590 level creating the right shoulder. Furthermore, the market reacted to our beloved 0.618 Fibonacci level of the previous impulse. How can we approach this scenario? We will monitor the market during the day and if the market will break below the H&S neckline we will move to the higher timeframe. If then the price will satisfy the Planctons's academy rules we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:SPX500USDShort
by InkyGrip
2
S&P500 Trading plan for the next 30 days.The last break-out trading plan I posted for S&P500 worked out well enough as it failed to break above the 1D MA50 (blue trend-line), so no longs taken, but it successfully broke below the 1D MA200 (orange trend-line), which was the break-out signal for shorting: If you took that sell, it may be a good idea to book the respectable profits gained now, despite the fact that the 4230 original target wasn't reached, as the price is rebounding strongly today having priced yesterday's geopolitical fundamentals of Russia recognizing new independent states in Ukraine. Technically, the long target of this rebound is the 1D MA200, which is now a little over 4470 (but rising). In my opinion, after that level, buying may be resumed only if the index breaks above the 1D MA50 as well (now at 4575 but declining), which is the current Resistance and the level that rejected the price on the February 10 Lower High. On the other hand, if S&P500 breaks below the Lower Lows trend-line of the October 01 2021 Low, then I suggest shorting again seeking targets near the next available Support of 4035 (the May 13 2021 Low). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
3
S&P500 trapped within the 1D MA50 and MA200. Trade the break-outS&P500 has recovered more than 50% of January's strong correction as today the price hit again the 0.618 Fibonacci retracement level. If it doesn't break, this is on the short-term a Double Top as the same High was made there on February 02. Technically, the 1D MA50 (blue trend-line) now comes in play as it is the major Resistance of this recovery attempt while the 1D MA200 (orange trend-line) is the short-term Support, which has already held once successfully on February 04. Notice how those Resistance and Support levels almost perfectly align with the 0.618 and 0.382 Fibonacci retracement levels. Short-term traders could trade the break-out: if it closes a 1D candle above the 1D MA50 = buy target 4900 (long-term Higher Highs trend-line), while below the 1D MA200 = sell target 4230 (just above the 4220 Support). ------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
3
SPX is about to reverse, wave 5 of C is almost completed.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 beginning of a WXY in what i think can be a Cycle Wave 4 retracement. Where this Wave 4 can go ? At least to 3935 in the 0.24 fib from our last wave 2 we made in March 2009. But in between 0.3 and 0.5 more common (probable). Best to you !! Thanks for your comments !
SP:SPXLong
by Crypto_Mercy
$spx long term: neutral when 5.1k tickssymmetrical and inversily symmetrical moves expected ... we are entering a phase when the easier money is beyond us on a buy & hold strategy, imo holders may want to book gains above 5k, wait for a correction and if conditions favourable, market stabilizing and not panicing - the scenario confirming then get long ago towards 5900, at 5900 more volatility expected... some kind of flat in the same fashion we seen in 2011/13... very good for intermediate swing term eventually, literally, buy low sell high... the Time dimension on chart, need to be taken with a grain of salt... Market rose TWICE as fast from 2020 lows to here, as it did from 2009 in the same ammount of days... so we may either expect this wave to be faster in pace, or simply that it may burn more time after a big impulse. even though visually I'm prefering the faster pace option, it may not be descarded the time simmeytry may eventually play out and the overall length of wave B coming to be about the same as wave A, which would be, about 9 years, from 2009 to 2018... making this one last up to around 2028/29... as I said, and for now, I'm prefering the faster pace/shorter time hypothesis, but that's only that and nothing more, an hypothesis, still as such, accounting for a terminal high around 2026... expecting a not-see-in-a-very-long-time type of bear market to ensue from the top, roughly calculated around 8/9 Note: I'm seeing many bear who assume the "mid-place" to have been the flat in 2014/15... this is indeed a possibility to keep in mind, and in case market starts hinting at a change in longer term caracther the above analysis should be discarded... that said, imo it is not likely that 2014/15 was the mid-place, as we have had a more significant, lengthy, violent and complex flat in 2018/20... assuming such volatility is not terminal, we prefer that flat as the mid-place for the overall count. Of course, if said volatility was terminal, we are in borrowed time and after 5k hits the crash will come without a doubt, but as I said before, I'm not prefering that view as of this moment... (for both "technical", "fundamental" & cyclical reasons). K SP:SPX ...
SP:SPXLong
by LotusTrading20
S&P 500 Forecast: Index Wipes Out Most of Wednesday LossesThe S&P 500 has rallied significantly during the course of trading on Thursday to wipe out the losses from the Wednesday session. We managed to close above the 50 day EMA, as it looks like markets are ready to continue to go to the upside for a longer-term move. All things being equal, this is a market that I think continues to see plenty of interest, as we have seen so much in the way of bullish behavior over the last several months. Yes, the market has negative for a while, but that has been the most recent behavior, and at this point in time it is but a blip on the radar of the longer-term trend. That being said, the market is likely to continue to see buyers looking for value, especially as the end of the year approaches, and people will be looking to reach some type of benchmark for their clients. Because of this, we have the so-called “Santa Claus rally” that typically happens at the end of every year, and I do not see this year being any different. Because of this, I think what we have is a scenario where every dip will be bought into, and we will eventually go looking towards the 4800 level. The market is currently hanging around the 50 day EMA, so that will attract a lot of trading, but at the end of the day the most important thing to pay attention to here is the fact that the jobs number is coming out on Friday, and it will almost certainly cause a significant amount of volatility. The market selling off quite drastically on Friday will almost certainly be bought back into, which is typically the case with the Non-Farm Payroll Friday situation. This is because liquidity disappears, and people will find some type of narrative to start buying the dips. That is what Wall Street does, it finds reasons to go higher. Furthermore, even though the Federal Reserve is pretending like it is worried about inflation, the reality is that the first time Wall Street throws a serious tantrum, they will step in and save the banks. Because of this, it is not really a market so much as it is a bidding war to see who can push things higher over the longer term.
OANDA:SPX500USDLong
by SmoothJB
3
S&P500 could rise a little higher before a new 1DMA50 correctionS&P500 has been trading inside a straightforward Channel Up since the start of the year. It recently (November 05) hit the top (Higher Highs trend-line) of the Channel and pulled back, however today is posting a respectable rebound. According to a similar fractal in late April, it is possible to extend this rise just below the top of the Channel Up for some more days, before it eventually pulls back for the technical 1D MA50 (blue trend-line) correction. See how the RSI (1D time-frame) on both fractals got rejected at the exact same level. Note that any break above the top of the Channel Up, could initiate a bullish break-out towards the 1.5 Fib extension of the underlying Fibonacci Channel. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
3
S&P500 One last 1D MA50 touch left before $4800?S&P has made new All Time Highs (ATH) since my analysis at the start of the month, where the diverging 1D RSI gave a strong buy signal at the bottom of the multi-month Channel Up: As you see the signal worked out well and the index has now the 1.5 Fibonacci extension as its next target (followed by the 2.0 Fib ext ultimately just above 4800). As the Fed Rate Decision is approaching next week, there is a possibility that the market sells the news on the short-term, make contact with the 1D MA50 (blue trend-line) and then rally for the rest of the month. After all from a technical perspective, the 1D MA50 has supported from March until the recent September break-out. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Long
by TradingShot
5
NDX/SPY Continues to look like a bull trapI have been watching this formation develop for what feels like a year now and it is slowly grinding its way through and it seems we are finally on the verge of having the performance begin Generally speaking, since the dotcom crash NDX has gone up faster than SPY and so that has made it the bet for people to "just by the index" to make their gains. But now with this long term pattern forming it is signaling that NDX isn't the main bet to make. There are two main propositions from this formation: either SPY will start to outperform NDX to the upside or given the situation of the broader markets, NDX is going to lead the charge downward in a recession. Given how much negativity we see in the system combined with the topping pattern I think it will be the downside. If you compare the NDX/SPY chart to NDX you can see that these top formations on the pair do predict a dip on NDX. So far these dips on NDX have been great buying opportunities because they have been higher lows. Eventually NDX is going to print a lower low. After that lower low we are at risk for a lower high and that sets the bearish trend. Imbedded in the fib extension on the main chart is the notion that we are facing an ABC correction on NDX/SPY and we will see a C wave that is 1.618 or greater than the length of Wave A. If we look at the chart the last bit of serious price action has been between the 2.618 and 3 extension levels and so over the course of the next leg down I will be watching for NDX/SPY to chop its way down there for another consolidation. I am not sure most people are emotionally prepared for the long term targets. I have been watching for it and I am not sure I am emotionally prepared for this. People that buy the index to hold, whether it be retirement accounts or something else might not get to break even for over a decade. Last time NDX/SPY had a bull trap NDX went down 80% from here. Here is the annoying thing, both NDX and the pair had a bull trap. Right now NDX has just got done setting an all time high. If both the NDX/SPY pair and NDX were both looking at bull traps I think more people would take this seriously. Lots of questions remain unanswered if the broad conclusion of this post is correct. Will any bear market still be multi-year? What will happen to the money supply generally? Interest rates? All hard to predict if anything resembling the scope of what I think will happen will happen.
CME_MINI:NQ1!Short
by This_Guhy
4
SP500 : Another trendline Reaction? comment Hello traders , today's topic is about SP500. As you can see technically we are in a very strong trending market to the upside. previously price tested multiple times the zone. we can also see a 0.618 level. 50 daily ema. From the fundamental aspect according to trading view news related : to continue bullish: * August CPI comes in cooler than expected * Apple heaviest drag on S&P after product launch event * Drop in Treasury yields pressures financials * Indexes down: Dow 0.84%, S&P 500 0.57%, Nasdaq 0.45% Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation. Optimism faded throughout the session, reversing an initial rally following the Labor Department's consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks. So far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year. "There is a possibility that the market is simply ready to go through an overdue correction," The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year. "We're still in a corrective mode that people have been calling for months," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant."
FOREXCOM:SPX500Long
by AIRFOREXONE_
6
S&P broke the 4H MA50. Starting the correction.Pattern: Channel Up on 4H. Signal: Sell as the price broke below the 4H MA50 (blue trend-line) for the first time since August 20. Also the price action and the MACD is similar to the July 15 consolidation which also led to a pull-back below the 4H MA50. Target: The 1D MA50 (yellow trend-line), which has been the target of all corrections within the 12 month Channel Up. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> GJMRealEstate --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500Short
by TradingShot
3
S&P500 healthy pull-back for bullish continuationPattern: Channel Up on 4H. Signal: Buy on the next pull-back to the 4H MA50 (blue trend-line). This buy signal has been consistent since June 01, appearing 3 times. Target: The 0.786 Fibonacci retracement level. Most recent S&P signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999 --------------------------------------------------------------------------------------------------------
FOREXCOM:SPX500
by TradingShot
1