Market crash to 3100 SPXLook out for a possible market crash down to 3100 SPX!!! SP:SPX AMEX:SPY CME_MINI:ES1!Shortby SP500daytraderUpdated 222
Expect new ATH to print this weekSP:SPX New all time high expected to print this week and target @ 5250SPX cash. Longby SP500daytraderUpdated 3
Bullish Trend Persists for S&P 500Looking at the provided chart of the S&P 500 Index (SPX) on TradingView, I'll perform a technical analysis incorporating the visible indicators and tools. Here's a detailed breakdown: Date of Analysis: As of the latest data point visible on the chart. Timeframe: Daily (1D) Technical Indicators Used: Ichimoku Cloud: The price is currently above the cloud, which indicates a bullish trend. The Tenkan-sen (red line) is above the Kijun-sen (blue line), reinforcing the bullish sentiment. The Chikou Span (green line) is above the price from 26 periods ago, further confirming the upward trend. Volume: Volume bars show a mix of red and green with no significant spikes, suggesting a lack of strong buying or selling pressure recently. Fibonacci Retracement Levels: The price has recently tested the 23.60% retracement level but did not break below, indicating this level may serve as a support. Money Flow Index (MFI): The MFI is around 52.85, which is roughly in the middle of the range and indicates a balance between buying and selling pressure. Current Price: $5251.56 Support and Resistance Levels: Immediate Support: The 23.60% Fibonacci level at approximately $4990. Secondary Support: 38.20% Fibonacci level at approximately $4821. Resistance: The recent high just above the current price level. Price Action Analysis: The price is in a consistent uptrend, creating higher highs and higher lows. A bullish momentum is present as the price remains above the Ichimoku Cloud. The recent price action has tested but not breached the immediate Fibonacci support level. Potential Scenarios: Bullish Scenario: If the price maintains above the Ichimoku Cloud and the Tenkan-sen remains above the Kijun-sen, we may see the continuation of the uptrend. The next target could be the previous high or potentially an extension above, depending on market strength. Bearish Scenario: A break below the 23.60% Fibonacci level could suggest weakening momentum, and further drops could be tested at the next Fibonacci levels. If the price falls below the cloud, that would signify a trend reversal. Trading Strategy Consideration: For Bulls: Maintain long positions with stop losses set below the immediate support level. Consider taking profits at key resistance levels or holding for a potential trend continuation. For Bears: Look for signs of a trend reversal, such as a price drop below the Ichimoku Cloud or the Tenkan-sen crossing below the Kijun-sen. Entry points for short positions would ideally be after confirmation of a downward trend. Conclusion: The S&P 500 Index shows strong bullish signals according to the Ichimoku Cloud and is supported by the Fibonacci levels. As the MFI suggests a neutral position, it is essential to watch for volume changes for further confirmation of trend strength. Traders should monitor these indicators closely and adjust their strategies accordingly. Disclaimer: This analysis is for educational purposes and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.by AxiomEx0
S&P500 - Bullish Trend is continuing It is observed that Bull run is continuing over the Daily time frame. One can safely take Long trade on daily time frame or can take a few SHORT trades followed by LONG trades. Therefore, I'll recommend taking entry by placing Limit Buy Order at Fib 0.38 . Keep risk 1% and set TPs accordingly. My traded prices are mentioned on the price chart. Happy Trading.Longby ASAD_G471
SPX - Gap FilledSPX Gap filled and now looks likely the trend will continue on up within the very tidy pitchfork channel. For as long as SPX remains in the channel then stocks can keep on pumping and breaking out 👍. Not adviceLongby dRends35114
US500 Will Go Higher From Support! Long! Please, check our technical outlook for US500. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 5200.3. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5282.0 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 225
Live stream - Bad ISM Non-Manufacturing, Fed Needs More EvidenceNikkei225, China50, ASX200, DJIA, S&P500, Nasdaq100, DAX40, FTSE100, DXY, Gold, Silver, WTI Oil, NatGas, Soybeans, Wheat, Bitcoin, BitcoinCash, Ethereum, Dogecoin, AUDUSD, AUDJPY, NZDUSD, CHFJPY, USDJPY, USDCAD, USDCHF, GBPUSD, EURAUD, EURJPY, EURUSD.01:00:28by easyMarkets4
SP500 Expecting a dropI think SP500 is on the way to perform a great drop. Looking on H4 timeframe we can see a clean break below main trendline and a retest of it. I think today we will see some volatility around the beginning of the NY Session. I expect a fake moves first to the upside to grab some liquity, next we should see a drop till support zone around $5130Shortby CryptoForexGem6629
The US Stock Market Awaits the Publication of NFPThe US Stock Market Awaits the Publication of NFP And Unemployment Data Important events of this week for investors and traders in the US stock market could be the employment news, which will be published tomorrow at 15:30 GMT+3: → non-Farm Payrolls (NFP) report for March. According to CNN, analysts expect nonfarm payrolls to rise by 192,500 in March. NFP for February was 275,000, according to FactSet. → data on the unemployment rate (Unemployment Rate). According to ForexFactory, the unemployment rate is expected to remain unchanged at 3.9%. The state of the labour market is under close scrutiny by the Fed and could provide valuable insight into the prospects for interest rate cuts. The release of the unemployment rate and NFP numbers for March could be an example of what is called "bad news is good news" on Wall Street. After all, if the data shows a deterioration in the labour market, then this will be an argument for the Fed to lower interest rates, which in turn could lead to an increase in the stock market. Indeed, according to CNN, Fed Chairman Jerome Powell said last week that a weakening labour market would be a reason to cut interest rates. However, the S&P 500 chart shows the price moving within an ascending channel, but showing signs of weakness around the 5,250 level on the 4-hour period: After a sharp increase in A→B, the price entered a prolonged correction B→C - this may be a sign of a large volume of sell orders near the level of 5,250, which absorbed the bullish impulse A→B. An attempt to break through the level of 5,250 (price growth to top D) turned out to be a failure, as the price sharply dropped from the upper border of the channel to the lower one. Such progress should be alarming for the bears. From the point of view of technical analysis of the S&P 500, on the eve of the publication of the NFP report, the price forms a rebound from the lower border of the channel. But by its nature, the rebound does not look dynamic compared to the previous ones (shown by arrows) — the price’s action shows that this time it needs time to approach the median line. The above arguments provide the basis for the assumption that the publication of the unemployment rate and the NFP report for March can become drivers of price movement, at which it will form an F top. Wherein: → the tops of B-D-F can form a bearish head and shoulders pattern; → the median line of the ascending channel and the level of 5,250 will act as resistance for the bulls. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen119
I am expecting SPX to correct We have been in overbought territory for some time. What goes up must come down at some point. I expect it to go to the trendline below. See how it turns out.by Jezza3232
SPX Outlook for Tomorrow 04SPX closed in green 5200 but could not sustained the morning rally. Open and low of the day was the same, this is positive for the market at this point – Weekly Trend is up – Daily Trend is up – Hourly Trend is still down – Weekly swing high is around 5255 and first resistance is around 5234 – Weekly swing low is around 5180 but if this breaks next support come just below 5160.by Gurmeet1
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NFP preview: Trading S&P or GBPUSD? NFP preview: Trading S&P or GBPUSD? US Fed Chairman Jerome Powell has reiterated on multiple occasions that a tight labor market acts as a deterrent to lowering interest rates. Which is why this month's NFP data release should be interesting. This Friday's Non-Farm Payrolls (NFP) data is expected to show an addition of 200,000 new jobs. Since Feb 2023, data has consistently hovered between 300K and 150K. Many of these initial readings were subsequently revised downwards. Nevertheless, at the time, they significantly reduced the likelihood of Federal Reserve rate cuts and, most recently, bolstered the dollar. Traders anticipated ~6 rate cuts at the beginning of the year, but now will be content if the Fed reduces rates three times. However, even three rate cuts are dubious, given that most recent US data has exceeded expectations. This Monday, the ISM manufacturing index turned positive for the first time since October 2022. If the NFP data surpasses expectations, GBP/USD could become an attractive trade. In the event of a soft NFP reading, attention could shift to the S&P, which would have a window to rebound before major banks commence reporting their latest earnings. GBP/USD has remained trapped within a rectangular pattern for almost 100 days now, potentially indicating some strong boundaries to take note of for a range trade. The pair currently sits in the lower half of the range. The jobs data on Friday could heavily influence Wall Street's sentiment, potentially determining whether the market remains overall bullish or requires even more of a corrective move. The 5200 level could be pivotal. It has previously acted as resistance and now functions as support. Even if a breakdown occurs below this level, support could be anticipated at the 5100 level or the 50-day SMA. by BlackBull_Markets2
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S&P500 hit the top of 24 month Channel giving a sell signal.The S&P500 index / US500 hit the top of the Channel Up that started in August 2022. If the 1week RSU crosses under its MA trend line, we will have a sell confirmation, much like July 31st 2023 and February 20th 2023. The minimum decline has been -6.06%. Another one of this magnitude, conveniently tests the 0.382 Fibonacci level of the Channel Up and more importantly the 1day MA100 (happened on all corrections). Sell and target 4970. Follow us, like the idea and leave a comment below!!Shortby TheCryptagon4
S&P 500 is going to touch the bottom of the cloudThe S&P 500 has broken out of the long channel and successfully completed its pullback. The initial target now is the bottom of the cloud.Shortby Masoud4020
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Short opportunity on SPXSPX index showing bearish divergence on RSI. While price have been moving up steadily for the last two months. RSI doesn't seem to track price instead it has been falling. This bearish divergence indicates there could be possible correction in SPX. From past correction, I guess it could be around 10% where there is a good support. Also this correction can be welcomed so we don't see a bubble burst scenario. Hope you like this analysis. If you like please boost the idea or leave a comment on your thought. Otherwise, happy trading :-)Shortby digijagan4
S&P500 - Bullish continuation ✅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 expect bullish continuation after price filled the imbalance and then rejected from S/R zone + FIBO 0.618 level. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD15
S&P 500 longPossible long off trendline, support zone and fib retracement Breakout through counter trendline for entry Longby ElGore182
SPX500 The Price action on Weekly multi year chart appears to resemble an ongoing Expanded (Irregular) Flat pattern within the Elliott Wave Principle school of thought analysis. The Fibonacci Extension levels of Wave B (1.236% & 1.382%) are at 51xx and 5324. The market opened up around 5305 today Wednesday 4/3. The next resistance level we see market testing and potentially failing at = 5,324. Our bias is that the price action will fail at 5324 levels and or will likely fail to have a Weekly Close at or above that level. A forecast expectation is that the Wave B is actually more complex a double three pattern, but potentially the 2nd Three Pattern, is itself a Triple Three complex pattern in the interior. So the third wave of could actually be breaking down into 3 wave complex structure whereby we are currently finishing wave (y) of . The point is we could fail initially at 5324 , or just below, and then have a wave (x) that precedes that final wave (z) of . The thrust up could retest that 5324 area and ultimately fail, for the larger degree Wave [ ] Down (shown inside Square block) by cvisionrealestate113