The S&P500 index (SPX) dipped aggressively following yesterday's Fed Rate Decision, which was a natural reaction to the third straight 0.75% rate hike. The first one was made on Jun 15 2022 (rate gone from 1.00% up to 1.75%) and the second on July 27 2022 (rate gone from 1.75% to 2.50%). In both cases the market reacted positively by the following day, despite...
The S&P500 index (SPX) got sold off aggressively on Monday after a worse than expected CPI report. The price action since the August 16 High appears to be repeating the trading sequence of last May. As you see it seems to be a W structure that pivots off Symmetrical Support and Resistance levels, at least so far. If completed that means that the price should...
The S&P500 index (SPX) is staging its first strong rebound since the pull-back started on the August 16 High, a correction that we projected with our analysis below: The downtrend has stopped on a hugely important Support cluster: * First and foremost, it hit and rebounded on the 0.618 Fibonacci retracement level (orange one), which is technically known as...
The S&P500 index (SPX) had a strong rejection on the 1D MA200 (orange trend-line), which we caught on the exact spot with our trading idea below 10 days ago: The timing on this projection couldn't have been better, with early signs of a possible pull-back obvious as the Overbought 1D RSI has always been a trigger for technical pull-backs ever since 2019! This...
The S&P500 Index (SPX) had a perfect rejection on the 1D MA200 (orange trend-line), exactly after our analysis last week: As you see, the rejection was not just on the 1D MA200 but also on the January 04 Lower Highs trend-line, essentially the Lower Highs trend-line starting from the All Time High (ATH). As we mentioned on that previous analysis, the...
The S&P500 index (SPX) hit 3 days ago the 1D MA200 (orange trend-line) and got rejected. But perhaps an even more important development than that is the fact that this rejection also took place on the January 04 Lower Highs trend-line, practically the Resistance trend-line that started from the All Time High (ATH). We've been talking about the important of this...
That’s generally the question when preparing steaks. Additionally, we might also ask S&P500 whether it is already done – namely with wave V in pink and wave 3 in blue. We still give the index some time and room to finish them both, but afterwards, it should get started on a countermovement leading into the lower blue zone between 4144 and 3998 points. There, it...
The S&P500 index (SPX) closed its last 1W (weekly) candle above the 1W MA100 (green trend-line) for the first time since May. This has been part of a very strong rally that started after the mid June low. The 1W MA100 has been instrumental in recent decades at deciding whether the index enters a Bear Market or resumes the Bull Market. As you see on this 1W...
The S&P500 index (SPX) has been trading sideways practically since July 29 and as it failed to break the May 30 High and current Resistance (in fact got rejected near it on August 08), it broke below the 4H MA50 (blue trend-line). Even though the index had broken above its long-term Channel Down on 1D, on the shorter-term such as the 4H time-frame, there are some...
The S&P500 index (SPX) has reached the top of the Channel Down pattern that started on the January market high. This has completed our medium-term buy strategy on the Lower Low that we published 40 days ago: The Channel Down had to be adjusted slightly to fit the latest Lower Low and by doing so, it has brought the Lower High trend-line exactly where the...
The S&P500 index (SPX) is close to printing the biggest buy signal possible on the 1W time-frame after the completion of this week. This is actually a combination of formation that, at least in the recent 4 years, when printed in this order, they established great buy opportunities as early as possible into a rally towards new All Time Highs (ATH). First and...
The S&P500 index has been trading mostly sideways since the June 27 High. The pattern that stands out during that time is a Triangle, with the price keeping (and rebounding since yesterday on) the 3750 Support intact (closed all 4H candles above it). The top of the Triangle involves a Lower Highs trend-line, approximately on the same path of the 4H MA200 (orange...
The S&P500 index (SPX) has completed three straight green 1D candles and is approaching the 1D MA50 (blue trend-line) for a test that would be its first since April 21. This idea is basically a continuation of out analysis posted two weeks ago, exactly at the bottom (Lower Low) of the Channel Down: With the markets anticipating favorable NFP numbers today,...
As with the other stock indices, we have certain type of patterns for S&P500 that help us identify medium/ long-term trends and take low risk/ high return positions on the market. In this case, it has been the Channel Down on the 1D time-frame since the January 04 All Time High that has given us both the previous Lower High and Lower Low: As you see last...
The S&P500 index continues to trade within a long-term Channel Down, providing excellent trade opportunities on its Lower Highs and Lower Lows. Our previous analysis on this symbol was a sell warning as the 1D MA50 (blue trend-line) was resisting: As it turned out, that was the most optimal sell of this phase and the index confirmed our trading plan by making...
It has only been five months since I posted the following chart in January, calling for high yearly volatility ahead due to a U.S. elections pattern I discovered: ** The 2008 Recovery Channel ** Of course I didn't expect the S&P500 index (SPX) to reach its 1W MA200 (orange trend-line) that quickly, but still the chart was a right one. The index has made a...
Hello Traders, I have been talking for months about an ongoing M formation on the Sp500 chart with two peaks at the highs and retracement at the neckline. Now a retest to higher levels or continuation downward is also likely. It will be clear how to move this week based on whether it breakout or not.
Hello Traders, As I said yesterday this could be a good move for s&p500.🏅 On the chart you can see how I'm trading this opportunity. 🔥 Target is the supply zone. 🎯