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...
S&P has been trading within a long-term Channel Up ever since the aggressive rebound straight after the November 2020 U.S. elections. Today the price just hit the bottom (Higher Lows trend-line) of that Channel. There are two high probability scenarios arising after September's pull-back: a) This pull-back is similar to late February - early March 2021 (both on...
Hello, Welcome to this analysis about the S&P 500 Index and the 4-hour timeframe perspectives. In recent times the Index pulled back heavily after forming the 4540 and now rebounded to form an initial relief-rally, nevertheless, there is still an increased bearish edge underlying that should not be kept by the side here. On a fundamental basis the real economy...
On my most recent S&P post, I've written about the indicators that were pointing towards a correction: The correction eventually took place as the MACD formed a clear 'peak pattern', that was present at both the May 10 and July 13 tops. However this time the price has broken considerably below the 1D MA50 (yellow trend-line) and has so far stopped on the 4350...
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...
S&P500 has been trading within an almost 1 year long Channel Up ever since the U.S. elections. The pattern has been quite consistent especially in "buy the dip terms" as every hit on the 1D MA50 (blue trend-line) has been an optimal buy level for so long. That has been the strongest aspect of my strategy, last time I shared it was on July 19: Right now the...
Pattern: 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. **...
The index has been trading within a Channel Up since the November 2020 elections. The barometer has always been the 1D MA50 (blue trend-line) mostly, where the majority of buy accumulation has been taking place. The Ichimoku Cloud is second. What we see now is the price trading very close to the Higher Highs trend-line and although it can break the 4,400 - 4,420...
This is something I've also pointed out a month ago but after last week's rebound on the 1D MA50 (blue trend-line) it got even clearer. S&P seems to be replicating the March/ April fractal where after a break-out above the Resistance Zone (on a 1D MA50 rebound), the price rallied to a level within the 2.5 - 3.0 Fibonacci extension zone. Do you agree that 4450 is a...
Pattern: Channel Up on 4H. Signal: Buy on the next 1D MA50 contact as the sequence is similar to the May 13-16 fractal. Target: 4330 (the Higher Highs trend-line and symmetrical level since late April). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up on 4H. Signal: Buy as the price has hit the 4H Ichimoku Cloud with the 4H MA200 (orange trend-line) and the 1D MA50 (red dotted line) right below, while the RSI reached the June 03 low. Target: 4280 (top of the Channel Up) and if the Higher Highs trend-line breaks, then extension to 4340 (2.0 Fibonacci extension). ** Please support this...
This is S&P on the log scale of the 1M (monthly) time-frame. Since the Great Depression, the index has entered a Channel Up that never stopped/ broke to the downside to this date. In particular, I have distinguished this pattern into 3 key landmarks: 1) When the price broke below the 1M MA200 (orange trend-line) but made a bottom on the Higher Lows trend-line of...
Both in terms of RSI/ MACD and the way the price trades on the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line), S&P500 appears to be replicating the late April - early May fractal. After a bottom on the Support, the price rebounded just below the 1.382 Fibonacci extension. That is currently just below 4270. I believe that following tomorrow's Nonfarm...
Wall Street's major stock indices rose in early Wednesday trading as comments from Federal Reserve officials eased concerns about accelerating inflation and a decline in government bond yields supported big tech stocks. The S&P 500 Index rose 0.25% to 4,198.7 points.
Pattern: Fibonacci Channel on 1D. Signal: Buy as the price entered the 1D MA50 - 1D MA100 buy zone again. The 1D RSI is on the (Support) similar level that it was on the Jan 29, March 04 and May 12 bottoms. Target: 4350 (the 1.5 Fibonacci extension). Previous S&P500 idea: ** Please support this idea with your likes and comments, it is the best way to...
Pattern: Bullish Megaphone on 4H. Signal: Buy as the price completed a -3% pull-back. Second buy signal when it completes a -6% pull-back as since December every -3% to -6% correction was followed by a rally. Also the MACD hit its 1st Support. Target: 4300 (slightly below the 1.5 Fibonacci extension of the Channel). ** Please support this idea with your...
Pattern: Bullish Megaphone. Signal: Sell as the MACD made a Bearish Cross after the (orange) uptrend Channel broke sideways, in a move similar to February 10 and March 12. Target: 3970 (below the 4H MA100 (green trend-line) as per the previous similar fractals). If the 4H MACD breaks -15.00 then you may extend the selling as low as the MACD Support Zone or just...
Pattern: Bullish Megaphone. Signal: (A) Buy if after the 4H MA50 break-out (blue trend-line), the level holds (as on Feb 02 - 04). If it doesn't, (B) sell towards the lower (-) Fibonacci extensions (as on March 01 - March 04). Target: (A) The 0.5 Fib (rough estimate 4040). (B) The -1.5 Fib (rough estimate 3800). ** Please support this idea with your likes...