S&P 500 Index

SPCFD

SPX (Derived Data)

scheplick

Markets might be rallying in Dollar terms, but when priced in gold... well it makes you think. Inflation? Currency worries? Safety? What is the big money doing buying stocks or gold? All of these questions are on the table and what I find most interesting about this chart is how severed the downtrend is. Perhaps even before the Coronavirus hit, some big...

TayFx

The DAX, which is a tech heavy index, can be compared to the FAANG index, can prove an easing this last session. The interesting thing about the concentration of speculative adhesion, where momentum overrides "value" or underlying fundamental principles-- there is a relative that even in U.S. equities that there is enough demand to support the risk-reward, even at...

Nathan_Black

Hello investors! How are you today? Well SPX is in a clear bull trend and it denied both bearish patterns we see in the chart (the two Island Reversal patterns). But, what’s next? First, if you are new around here, I invite you to follow me to keep in touch with my analyses. And check my social media, as there is some interesting content over there too - link...

Gpap90

Tough times... tough predictions it could sky rocket to 4000 first who knows?

AbansGlobalLimited

SPX500 has managed to hold 3230 highs carved in June 2020. The larger degree potential wave counts are as follows: The drop between 3400 and 2200 was an impulse, hence Wave (1)(not seen on the hourly chart). The counter trend rally through 3232 was a zigzag, A-B-C, labelled as Wave (2). If the above larger degree counts are correct, we are heading lower below 2200...

JMoody

Taking a long view, the S&P is currently 3 standard deviations away from the mean. Even without additional economic headwinds, mean reversion would be likely. Add to that massive unemployment, COVID not being contained, social unrest, and an election that could flip Congress and the White House to the Democrats (regulatory uncertainty) and you have a recipe for a...

ExclusiveMarkets

SPX500 has most probably completed a lower degree wave ii, corrective flat around 3184 yesterday. If this holds well, the indice should stay below 3200 ad reverse sharply towards 2750 in the near term. The indice is trading around 3145 and a break below 3120, immediate support should be extremely encouraging to bears. At a larger degree, the indice has carved...

cyrusgr8

On July 1st I posted the Elliot Wave Count since the Feb highs to July 1 and outlined the future path DOWN. This is an update on that post zooming in on the minute wave counts down from the recent wave 2 (of 3 of C DOWN). On the left is the same chart (also see a link to that post below) where I have not moved my projections (see red line down of wave 3...

VulcanoRosso

bounce now or one more drop to ~2900 before bouncing again. breaking above 3235 will invalidate the drop.

hillbilly250

rising channel or wedge, either way it looks to go down for both patterns,

FordCalvin

SPY could fall to below 3000 again before ramp up into election.

NewCycleTrading

Many traders start out with a sensible plan, only to abandon it because of the way the markets move. This abandonment of a smart plan may lead to potentially large net losses. In entering a trade, it is sensible to set two goals: the point where profits will be taken, and the bail-out point where losses will be cut. If you buy-to-open a long option, you should...

Nepagaunamasis

Short spx

apcarrythor

The picture shown the fib retracement levels from the high 3398.2 (20 Feb 2020) to the low 2179.3 (23 Mar 2020) and a rebound to 3233.2, we can see the fast recovery of the stock market, especially the technology sector. But how will it goes? As we can see in the picture, after the index reached another higher level of fib retracement level, it always experienced...

Boltrch

For my record ONLY. This is not financial advice

Daniel_Conde

Follow me for more PIPS :)

Picte

S&P had a nice pullback which seems to be ending. There is also a falling wedge pattern forming on the 4h which typically does break to the upside. Eventhough it looks like it wants to set a low here and continue trending to the upside. Nothing is confirmed until we get break of the falling wedge.

traderdan59

Yesterday afternoon market sold off aggressively to close below morning session Low which means that sellers are in control. Test of yesterday's RTH session Close should provide direction for the day. Level to watch 3136 --- 3138 Report to be aware: US:EIA Petroleum Status Report 10:30 AM ET