SP500 going to 5150 by May 2Sp500 bounced from the trendline set april 10th also hit the 0.618 fib, now it will probably retrace to the 0.618 fib set from previous ath the current low. Longby andyduly0
SP 500 intermediate - Bearish Balancing after a large move is normal we had 3 rotations down, tail and V reversal - possible end to big move anything can happen next, so don't assume things where are we in the days range? where are we in the 8 day range? how are other markets doing?Shortby southsiderealtradeUpdated 1
WAVE B LOW or 2 both are bullish net long 40 % now So the chart posted is that of the spx cash , We peaked right into the min fib target of 5088 and we have now dropped in what is so far a 3 wave drop ?? if we hold this would be labeled a wave B low and we would see a move above 5088 likely target is 5109 in a abc flat. See p/c model calling for another sharp up move . Best of trades WAVETIMER by wavetimer2
Summer RUN - Time to take the money?Tomorrow 04/25 14:30 USD Continuing Jobless Claims 1,810K 1,812K 14:30 USD GDP (QoQ) (Q1) 2.5% 3.4% 14:30 USD GDP Price Index (QoQ) (Q1) 3.0% 1.7% 14:30 USD Goods Trade Balance (Mar) -91.10B -91.84B 14:30 USD Initial Jobless Claims 214K 212K In case of the above mentioned data signaling no cool-down in the inflation pressure I suggest you to cover SP500 long position. Shortby ElGatoTradeUpdated 221
$US500 Steamy Hot Spilled Coffee CupHere on the CAPITALCOM:US500 We have a steamy hot Inverted Cup With Handle. Playing this chart pattern alone from an intraday perspective we can assume a higher low bottom near the support line and reversal higher to grab liquidity at or near to 5210+ Anything below support and this pattern fails. Longby Midgar-1
Bearish SPX HS Pattern to Go to 4280Hi traders, There is a possible short-term downwards movement on SPX to touch 4280 area which served as a consolidation area in prior days. Shortby AATONYUpdated 1
US index downtrend continuuesSPX500 1 H chart shows break of trendline. So ZYLOSTAR predicts more downleg movement of US 500.Shortby ZYLOSTAR_strategy0
Earnings season produces wild movesAfter the closing bell on Tuesday, Tesla reported its earnings for the first quarter of 2024. Despite the report showing a 9% YoY decline in total revenue and a staggering 55% YoY drop in net income, along with an increase in operating costs by 37% YoY, shares of the company soared more than 12% in the aftermarket. The price action, however, was not the same for Meta Platforms, which delivered much better results yesterday, with revenue growing by 27% YoY, net income by 117% YoY, and operating costs by 6% YoY; yet, the company’s shares plummeted more than 15% following the announcement. While trying to wrap our heads around these moves, we would like to point out the double divergence forming on the monthly graph between the price and RSI, shown in Illustration 1.01. In addition to that, we would want to highlight an impending bearish crossover between the 20-day SMA and the 50-day SMA, both of which currently act as crucial resistance levels. If the SPX breaks and maintains ground above them, it will be positive, but if the SPX fails, it will be slightly worrisome. Besides that, another spike in the VIX will also be concerning. Today, there are several important data releases, including jobless claims, GDP growth rate, wholesale inventories, and pending home sales. Furthermore, several big names are reporting their earnings, most notably Alphabet and Microsoft. Illustration 1.01 Above is the monthly chart of SPX and RSI. Yellow arrows indicate the first and the second divergence between the price and RSI. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.by Tradersweekly8
The Stock Market EndsIn my view, this would be the last chance to free up the stock allocations from your portfolio. I did a quick fib analysis, the move is at 0.382 currently. This series of moves is a typical form of a dead cat bounce. So if it goes up more than 0.382, then also 0.5, the market crash scenario will be less likely for now. Actually, I also sold some crypto. Not good time for alt coins, but bitcoin is still at the relatively high price nearly the ATH, not a bad time to sell or take a profit. When your stocks plummet 60%, cryptos plummet 80% or more. Many alts may 90%. Insane, for a loss of course, but also for a buying opportunity. Have some cash. Dollars, CHF, YEN, etc. Gold is also a good investment but gold also would down for 30% or so in such case. Cash is the strongest (unless the banks freese your accounts. In that case cryptos in a secure wallet wins). Just diversificate your financial assets. The target S&P 500 / SPX price values (support levels) in my opinion: 3610 (-30%) -> most likely the next down move target. 875 (-75%) -> in a financial crisis situation. 115 (-95%) - > an irreversible level of market crash. (this might be the when capitalism ends) *the current SPX price 5701 marked in 24/4/25 Shortby fumiyaorg0
SPX getting back to the 52-week highHow do you see SP:SPX making it back to its yearly high of 5264.85?Longby Tradeviewer0000
S&P500 - Long opportunity ✅Hello traders! ‼️ This is my perspective on S&P500. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement and then rejects trendline + S/R zone + FIBO 0.618 level. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD17
SP 500 Natural-Bullish STFhow ES behaves at the 5118.75-5128.75 Initial Resistance (which we're also using as the Micro Bull/Bear Zone) will help set the bias/tone early in the session.by southsiderealtrade1
S&P 500 - taking a breatherUS stock indices continued their fightback yesterday. All the majors ended in positive territory with the strongest gains posted by the mid-cap Russell 2000, followed by the tech-heavy NASDAQ 100. Stock index futures rallied further overnight but have since pulled back from their highs. Tesla reported after last night’s close. The stock soared 15% despite missing expectations on both earnings and revenues. CEO Elon Musk announced that Tesla would push to bring forward production of more affordable models to early 2025, or even to later this year, rather than the second half of 2025. Musk also said the company was investing in infrastructure for ‘full self-driving.’ Tesla’s stock price subsequently pulled back from its best levels, but was still up around 10% at the time of writing. Tesla has had a dismal start to the year thanks to aggressive price cuts eating into revenues. The cuts were in response to falling demand for EVs and to address stiff competition from China. US stock index futures also fell back from overnight highs. So far this week, the S&P 500 has made back around 50% of its April losses, so it shouldn’t be a surprise if it gives up some ground on profit-taking. It’s another busy day for earnings, with IBM, AT&T, Boeing, Ford, Hilton and General Dynamics amongst the biggest names to report. After the bell we’ll hear from another ‘Magnificent Seven’ member when Meta Platforms releases its earnings. In contrast to Tesla, Meta has had a strong start to the year thanks to its exposure to generative AI. It hit a fresh record high earlier this month, having gained close to 50% so far this year. While this week has seen an encouraging recovery in the US majors after a difficult month, stock markets may struggle to make further gains with bond yields holding at multi-month highs. The yield on the key 10-year Treasury note remains above 4.60% up from 4.18% less than a month ago. There’s also the added concern that Friday’s Core PCE update may finally follow this year’s CPI releases by showing an uptick in inflation. That would add to worries that the US Federal Reserve will further delay the timing of its first rate cut. by TylerNorcross0
SPX Will Go Up! Buy! Please, check our technical outlook for SPX. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 4966.93. The above observations make me that the market will inevitably achieve 5113.40 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
Big earnings this week could pave the way for a reboundThe S&P 500 Index has been edging lower for nearly a month, accompanied by a rise in volatility. From its all-time highs in late March 2024, the SPX has declined about 5.6%, which begs the question of a rebound. Interestingly, this week, several big names, including Alphabet, Meta Platforms, Microsoft, and Tesla, are reporting their earnings for the first quarter of 2024. If these results are generally good, then there is a significant chance that SPX will recover some of the losses. However, if earnings fail to fulfill investors’ expectations and there are notable downgrades to future forecasts, it could spark more fear among investors and rekindle volatility in the market. Illustration 1.01 The picture above shows the daily graph of SPX and two simple moving averages, the 20-day SMA and the 50-day SMA. The yellow arrow indicates an impending bearish crossover between these two moving averages, which represent resistance levels to watch out for in the case of a stock market rebound. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.Longby TradersweeklyUpdated 10
SPX Technical Outlook For April 24, Are bulls back in control?More the 1% gain brings bulls back party but they may not fully controlled until we close above 50 EMA 5150 levels Hourly changed to up today but daily trend is still down. Day price closed just above 20 EMA and touched 50 EMA today which is positive. now 5040 may act good support and 5100 is good resistance. Most earning are good side but Tesla as worse the forecast In my view tomorrow we may see green opening but there can profit booking later on. I will eye on bond yield and oil and gold price. Overall seem like can be range bound day with 1% move on SPX.by Gurmeet3
S&P Going Up?The CBOE:SPX seems like it won't be held down! Look at the pattern in the circles and then look for the potential path going forward. I don't even want to draw anything elseby Geedubya771
MANTRA TEAM Adding NASDAQ:OM here at a discounted price. I believe in #MANTRA team. Buying every dip of NASDAQ:OM as it will outperform in upcoming days. So many developments are ongoing. Something big is coming!! Longby mmonica90400
NAS100 looking for shorts- Daily FVG is where I'm hoping to find a 1hr CHOCH to enter sells. - Only entering when I see a confirmation Shortby cloudy_Blank_2
just a normal retracement for the sp500 , using fibonacci , POCeverything in order, harmonic impulses, fibonacci levels in the norm with support in the 4816 area, which falls both in the 038.2/0.5 fibonacci area and in the POC. where last time he found support to restart. minimum price target 5600 obtained with fibonacci reversal up to 6165 as maximum target, the shadow of the candles is a retracement of the last bullish impulse, which squares with the next retracement.Longby TheAverageTrader21
Bulls and Bears Zone for 04-23-2024Yesterday market had a positive day after closing six consecutive down sessions. If traders can keep above yesterday's Close, we could see a positive session as well today. Level to watch: 5066 --- 5064 Reports to watch: PMI Composite Flash 9:45 AM EST New Home Sales 10:00 AM ESTby traderdan59111
The bullish scenario based on 5.3.5.3.5Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody The bearish scenario of any corrective pattern and trend continuation Longby mehdi47abbasi798
Momentum Regimes: IndicesMomentum Regimes: Indices Ascertain which phase an index may be in, as per the momentum regimes. Ranked from overbought to oversold.by techpers0