S&P 500 Index

SPCFD

SPX (Derived Data)

ProfitHarvest

Where is @DereckCoatney when you need him? I dedicate this to my favorite data point for wedge analysis... how could you be MIA for this!? It's a bit hard to see but we actually dipped below the wedge for a couple days in late August (and very briefly in late July and even more briefly in late June), right in this little range we found ourselves in now. Then we...

ProfitHarvest

This orange horizontal trend channel is pretty powerful. Probably this mid-channel downtrend and local trend channel wedge will spike price back again to the channel top before it reverts back to the mid-channel and 5Y trend wedge where it'll finally break under. I expect this to break downward around the 22nd, in line with the UVXY S/R...

MarketMinds

Hello traders, This week is confirming what seems to be one of the most important technical events for the investment world. The bull trap at the mother of all resistance, the S&P historical top of 2020 February. This type of event has the power to change everything in all markets due to its huge power of destruction. Note that on the one hand it maybe means...

joseph

The stock market was weaker than expected. When the correction is completed today, it is a situation that should decline.

Nathan_Black

Hello traders and investors! As it is Friday, let’s do our usual Multi Time Frame Analysis (MTFA) and try to understand what’s going on with the market. Today the index is falling sharply, and it is losing its support around the red line. Also, it is triggering a bearish pivot , resuming the bear trend and making SPX seek further supports, which short sellers...

TradingShot

Last week I looked into S&P's monthly chart for clues on the long-term trend (see chart below). Most indicators point towards a new Bull Phase despite the general bearish sentiment in the market this week. ** The 'Megaphone of Death' ** I went a time-frame lower...

JakubKonieczny

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cguthrie922

Looks like at least one more volatile day. This week has not completed gone as planned but it has been close. I still think we have to finish out Minor wave B and this is possible in the early afternoon. Now while this is possible, finishing up at the level my program has projected might be a stretch. I now have 3 possible target zones for B's finish. The most...

Trading2ez

Hey tradomaniacs, in the chart I show you some points why I doubt in a sell-off right now as it is expiration-day and the volatility is generally very high. There are so more points I don`t need to note as they need more explanation but these points are enough for me to stack more longs. In case of a drop I just hedge positions. :-) LEAVE A LIKE AND A...

DaxiDriver

Hi Traders buy \ sell on Green line Take profit on Gray line 2 atr stop loss drive safe

Dr_Roboto

Over the last day or so the S&P has broken below the March trading channel support. I have seen the same in the NASDAQ a few days ago. This would lead me to believe that a correction in the S&P is on tap in the next week or so.

az599815

Bouncing off some major supports right now and it is literally make it or break it for the market right now.

AbansGlobalLimited

SPX500 had earlier dropped from sub 3600 through 3300 mark carving lower degree Wave 1. The indice has been unfolding Wave 2 since then, and might reach 3480/90 zone which is fibonacci 0.618 retracement of Wave 1. Once complete, bears should be back in control and resume lower towards 2500 and beyond. A larger degree Wave ((5)) might have terminated around sub...

Michael_Wang_Official

If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this post, i'll be focusing on the psychology aspect of trading and investing that most people overlook. Contrary to common belief, in my personal opinion, understanding a trader and investor's own psychology...

ZenMode

Have a short open, will see how it plays out.

marcushill15

Shorts. Expecting an aggressive push to the downside after the FOMC, news release yesterday.

jonnytren

With or without a stimulus I see the SPX reaching another all time high before a long over due bear market which could see the SPX reaching the 1200-1800 area. Allowing a shift back into Value stocks. shifting from tech and healthcare which has dominated the market for the last decade.

Fallen_trader

SPX500 has repeated it's previous moves before the march crash. 6 parts repeated till now