Update on the markets - spx oil metals and yeildsall in the video. I expect a pullback starting today or at least this week, but if the pullback is relatively small and the rsi drops hard, expect over 4600+ in december.
Good luck!
About S&P 500 Index
Standard and Poor's 500 Index is a capitalization-weighted stock market index measuring the performance of 500 large publicly traded companies in the United States. This index covers a wide range of industries, including technology, healthcare, energy, and finance. It serves as a benchmark for the overall health of the U.S. stock market, as well as a reflection of the country's economic strength.
Substantial gains in the S&P 500 are often interpreted as positive signals for the economy, while losses can be seen as indicators of potential trouble. Investors use this index as a barometer for their own portfolios and to assess the performance of individual stocks. The S&P 500 index plays a vital role in the financial world and is closely watched by analysts and policymakers.
Substantial gains in the S&P 500 are often interpreted as positive signals for the economy, while losses can be seen as indicators of potential trouble. Investors use this index as a barometer for their own portfolios and to assess the performance of individual stocks. The S&P 500 index plays a vital role in the financial world and is closely watched by analysts and policymakers.
$SPX $SPY $ES_F Analysis, Key Levels & TargetsSP:SPX AMEX:SPY $ES_F Analysis, Key Levels & Targets
Oh, this is interesting… because of the squeeze we had in November, the 5year volatility gives SPX a LOWER low off of this level… You don’t see that often in a healthy market…. very interesting…. things could get nasty here… be careful, y’all…
A Long term SPX analysisJust some ideas while I had some time to reflect on the years price action and how things are setting up for 2024. I hope you enjoy it
Head and Shoulders Pattern Brewing ? Nov.30,202330 Minute S+P 500 Chart Interpretation
Very Obvious Bearish Head And Shoulders Pattern Brewing.
>Head at SPX 4585 <
Right Shoulder,built this morning around "anticipated" PCE Inflation Number
and Left Shoulder are located at 4565 Level.
Neckline Support for the Pattern is at SPX 4540,
where the
S&P500: Trading plan towards the end of the yearS&P500 is overbought on its 1D technical outlook (RSI = 72.156, MACD = 58.110, ADX = 59.863), a logical outcome considering the aggressive nature of November's rally. This rally is the HL rebound on the bottom of the 1 year Channel Up and is more effectively understood with the help of the Fibonacci
🟡 SP500 UpdateA reasonable degree of confidence that we might have passed the peak. I think I have spotted a leading diagonal as wave i down and corrective wave ii up.
Why everyone is probably wrong - Part IIThe bears have never been louder. The highlights from various sources:
1) ‘Short’ ideas on the tradingview.com platform are in the majority. An abundance of bearish ideas. And what do we know about crowds?
2) Popular Youtubers/social media now calling for lows of 3300 and below after a strong bear
Possible Repeat of Slow Roll Over Pattern. The recent rally has been very aggressive (Much more so than I expected), but it still fits inside of the context of Elliot correction.
A big wave 2 can go up to a double top (And sometimes even feature a wick spike out).
We have clear 5 waves down. This might be the latter part of wave C.
Fla
📊 S&P 500 Major Correction LoomsThe S&P 500 (SPX) had a nice run, it grew for more than a month from 27-October through 29-November and is now preparing to crash.
It hit almost as high as July 2023 but not as high, it missed this level by a few points, a lower high; bearish call.
Nothing special about the upcoming correction, th
BluetonaFX - SPX Forecast Ahead of Fed SpeechHi Traders!
SPX is trading near its five-month high at 4607.07, and with Fed Chair Powell speaking later, the market could reach this level by the end of the trading week.
Price Action 📊
After the break and close of the previous resistance at 4541.25, the market has refused to go back below this
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Bets that the Fed has exhausted its rate-setting campaign fueled the recent broad-based move to the upside. PCE data ahead.
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SPXSPX: S&P 500 Rallies 2% for Best Day Since April on Traders’ Bets Inflation Has Peaked
The stock-market rally got new legs Tuesday, fueled by lower-than-expected consumer-price data. Futures ticked up.
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The broad-based Wall Street benchmark is riding on a streak unseen since 2021. Plus, Microsoft shares hit an all-time high.
SPXSPX: S&P 500 Rallies 1.9% in Best Day since April as Post-Fed Optimism Builds Up
Market sentiment was quick to shift with the broad-based index on track to secure a 5% weekly gain. Futures turned lower.
SPXSPX: S&P 500 Slips 10% from Peak After Another Battering Week Despite Solid Earnings
About half of all 500 companies in the broad index have reported and 78% of them have surpassed earnings expectations. But the crowds go mild.
SPXSPX: S&P 500 Snaps 5-Day Losing Streak as Big Tech Earnings Spark Growth Enthusiasm
It’s the week of the Magnificent Seven and all eyes are on the big boys in the tech industry. Microsoft and Alphabet already had their turn.
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Third-quarter financial reports are flowing in as investors parse through mixed data, trying to figure out what’s going on.
SPXSPX: S&P 500 Reverses Losses to Add 0.6% After Fed Vows to Leave Rates Unchanged
Futures early on Tuesday were in the green with investors feeling more confident to own the risky assets.
SPXSPX: S&P 500 Pulls Back 0.1% in Broad Market Retreat Ahead of Jobs Report
Wall Street is eyeballing a cool 163,000 new jobs created in September. Futures early Friday turned higher and the dollar flatlined.
SPXSPX: Stocks Log Worst Month of 2023 as Tough-Stretch Earnings Loom
The S&P 500 languishes near its June lows as markets registered a losing month and a losing quarter. Earnings arrive next week.
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