ID: 005 - pm03.18.2024 Next trade in line. 150 DTE. 24/15/5 Delta Strikes, 1-2-1 unbalanced butterfly. Small credit at inception. Happy Trading All! -kevinby KevinsUpdated 0
So far, my idea is playing out.I expect a 12345 retracement or a ABC correction to 3800 by October-November 2024. After that, one year of a new rally to 4800 pips. And then, the really crash by 2026 with a bottom of the market by 2027. Let´s see. Now, little by little: It´s my idea of a correction to 3800 in 6 months time correct? by josemanuelmaestrerodriguez1
Correction UpOn Thursday, the S&P 500 and the Nasdaq experienced subdued trading as rising Treasury yields put pressure on stock prices. This occurred while investors analyzed remarks from Federal Reserve officials to gauge the future direction of interest rate cuts. Recent data revealed that the number of new unemployment benefit claims in the U.S. remained at low levels last week, indicating ongoing strength in the labor market. Following this report, yields on U.S. Treasury 10-year notes climbed, reaching 4.6223%. Looking ahead, if Treasury yields continue to rise, equity markets may face further challenges. Investors will likely keep a close eye on upcoming economic data and Fed communications to better understand the potential impact on interest rates and stock market dynamics.Longby sabiotrade0
S&P 500 - has sentiment shifted?US stock index futures were firmer in early trade this morning. It remains to be seen if history repeats the market action from Wednesday and Monday, when early gains evaporated as the sessions progressed. Yesterday’s price action saw all the US majors rally early on, before reversing sharply later in the day. Tech stocks were hardest hit. NVIDIA ended the day 3.4% lower, while Apple (-0.8%), Microsoft (-1.2%), Amazon (-1.4%), Meta (-1.4%) and Tesla (-1.8%) all contributed to weakness in the NASDAQ 100. Netflix was also weaker yesterday, falling 1.1%, ahead of its earnings report after tonight’s close. But stock indices did manage to rally off their lows following a relatively positive Fed Beige Book for March. This showed an improvement in financial conditions, with growth rising in ten out of the twelve Fed districts, up from eight out of twelve in February. Despite this, it feels as if we’re in a transition stage between relentless bullishness to a more bearish feel to market sentiment. Ever since the latest leg of the rally began last October, bad news has been shrugged off while good news has been disproportionately rewarded. It now feels as if the polarities are on the cusp of reversing. This has come as the prospect of imminent monetary stimulus in the form of a series of Fed rate cuts this year has been watered down substantially. In fact, concerns have increased recently that the Fed may be forced to hike rates first in another attempt to crush inflation, rather than give the markets what they want in the form of looser monetary policy. The next big test for the market is the first quarter earnings season. Next week could be key when five of the ’Magnificent Seven’ announce results.by TylerNorcross0
US500 / Imbalance Fill - Bullish SPXHello Traders! I expect a bullish on SPX as we see the imbalance fill and a perfect retracement from the OB, considering this movement a signal for weak bearish and a strong bullish sentiment. I expect the price to rise until the 5275 resistance level, with a potential set of a new All Time High. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. ____________________________________ www.tradingview.com Longby GoodTradeST2
Bulls and Bears zone for 04-18-2024S&P has been down four straight days. Also, yesterday S&P closed a gap from February which coincides with a support level. Level to watch: 5074 ---5072 Reports to watch: Existing Home Sales 10:00 am EST EIA Natural Gas Report 10:30 am EST by traderdan590
USA500 reset on sight!This morning we continue with Eurogroup meetings and comments from the German Bundesbank President and in the afternoon the monetary policy meetings (IRFMP) held in Washington D.C. will be held along with statements from the FED Chairman in Philadelphia and local manufacturing index data, along with US unemployment rates. This data is high impact, along with US home sales, and closing the afternoon will be the 5 year government bond yields which will likely set the tone for the financial day. Looking at the chart, the S&P500 index (Ticker AT: USA500) has been a very poor performer, degrading its price by -5.11% during the first fortnight. It fractured on 12 April the range barrier that had formed since late March and has proceeded to fall to a low of 5,006.04 points. Yesterday at the Australian open it closed at around 5,034 points. If today's news is supportive it will help the S&P500 Index to regain some of its value. If we look at the RSI it is currently slightly oversold at 47.50% with its average being 46.23%, so the quarterly corporate average data is not as good as expected and large firms have been reporting massive layoffs to adjust their costs so this may affect the national unemployment rate. If we look at the shape of the bell, there is currently a triple bell with a median price at 5,200 points, so it would not be surprising if the news goes with the price trying to return to that median, although it is going to be difficult to see this in the short term with such negative economic and unemployment data, which could easily extend its fall to 4,949 points thus closing a bullish cycle that started in February. Ion Jauregui - AT Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. UShortby ActivTrades3
SPX updateI expect a rebound from current level but bearish pressure will push proce under 5000 area before restoring bullish trendby mpd0
SPX500 Support Ahead! SPX500 keeps falling but will soon retest A horizontal support level Of 5045.38 from where we Will be expecting a local Bullish rebound ! Longby kacim_elloittUpdated 2211
$SPX - idea from the historyI've just faced an unpublished idea about SP:SPX . Will publish it in the mid on the road. ) Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view.Longby furoreggs2
S&P500 Dead-cat-bounce before one last bottom?Our last call on the S&P500 (SPX) couldn't have gone better as the Bearish Megaphone pattern we expected (April 05, see chart below) was eventually materialized and easily hit on Tuesday our 5050 Target: At the moment the index is below the 1D MA50 (blue trend-line), which has been the main Support since November 03 2023 and is headed towards the 1D MA100 (green trend-line) above which the last two main Bearish Legs of the 19-month Channel Up made their first Dead-cat-bounce (March 02 and August 18 2023). As long as this dead-cat-bounce is contained below the 0.786 Fibonacci retracement level, we see more likely one last corrective wave towards Support 1 and close to the 1D MA200 (orange trend-line). As long as at the time the 1D RSI is on its Support Zone, we will buy for the long-term and target the top of the 19-month Channel Up at 5400. If the price breaks above the 0.786, we will have a pattern invalidation and buy the break-out instead, targeting again 5400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot1127
SPX500 Will Fall! Short! Here is our detailed technical review for SPX500. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5062.0. Taking into consideration the structure & trend analysis, I believe that the market will reach 4928.9 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 225
SPX500Pair : SPX500 Index Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame by ForexDetective2
$SPX500USD What I see on a weekly timeframeOANDA:SPX500USD What I see on a weekly timeframe weekly is bullish daily is bearish 4h is bearish huge correction before a massive pumpShortby N934rex0
SPX evening updateAn updated bullish count showing impulse wave 3 of 3 of 5 complete and wave 4 of 3 of 5 in progress. If this is correct, then wave 4 is looking like a zigzag, and I anticipate the (A) wave to complete between 4834.76 and 4929.37 before the bounce of the (B) wave starts. 5264.85 will likely be the top for the next several months.by discobiscuit0
SPX short?SPX in this down turn has steepened the retracement. Does this look like a strong pull back to 4800? After it goes thru the VP crevice, will it see more buying at 4800? This Volume Profile crevice is 4800-5000 The move Down thru the Crevice will likely be faster than the ascent. If it doesn't hold here then 4600 area is even stronger support at the edge of the Volume Profile node. I would say it comes to 4600. I would prefer if it is Not long and drawn out too long. Going even lower and then consolidation could grind until the Fed rate is accepted as the norm or it actually will go down. IMO 2-3 years. by Geedubya771
I bought the dipRetest of previous bearish cypher with oversold stoch rsiLongby moneyflow_trader252512
Possible short term bottom5000 spx is currently holding like a champ. We successfully retested B leg of the previous bearish cypher. Stochastic rsi oversold. I did add to my position today. Not trading or financial advice. Do your own due diligence. I might add some more charts to this during futures sessio Longby moneyflow_trader3
S&P500 correction, fading bulls Inflation still high Index at maximum price and high P/E Big investors who don't usually sell are selling (James Dimon, Zuckerberg, Bezos) Greedy market Inversion in the yield curve Leading Economic Index signaling crisis We are 5 months going only up and strong. I'm out of the stock market for now, waiting a correction at least at the 0.382 fib retraction of this bull run. MACD and MFI (and RSI) are streched.Shortby outbreeakUpdated 6
SHORTKeep shorts for target at first TP Use strict stoploss at convenient levelShortby Platinum-Markets1
SP500 Wave AnalysisTracking SP500 Long term 1W wave cycles update to my 2017 chartby AzzzzUpdated 338
23.6% Fibonacci Level and Old Resistance Level at 4820 Support is stronger for prices when two support levels converge. by jpmonaghantradeview0
SPX SPY is sitting on a potential support zoneThis has been a very contained back and forth 20 plus days long range. This range also has had a decreasing daily range also until late this week. I will be watching for a break of this general area, This to me is the turning point to a larger retrace or a move back up traveling the entire range to the ATH area. Step back and ask, this coming week who is winning longs or shorts. Watch for updates as the week opens, last week no directional trades just day scalps.by alleytraderUpdated 5