US500According to the current data, we expect to see a rebound that could reach up to a price level of 5143.by ChartMakerProUpdated 1
SPX 5500Using history and other TA I clearly show that we are about to have another leg up on the stock market with the SPX reaching around 5500.Longby TheUniverse618Updated 117
Nice Bear Flag on S&P500!!!Bearish Flag on S&P (340 Points possible!) Resistance at 5150/5170. It's 0.618 Fib Retracement from 1st April highs. A perfect ratio for a flag. TDI is at 51 level. It's movement below the MA (yellow) and the trendline will confirm the downside momentum. SL over Resistance level at 5170/5175 or opt. over the 0.786 Fib level at ca. 5210. Target at the 0.382 Fib level (Nov. - April movement) at 4830 or the strong Support level right bellow at 4795/4800 (Jan 2024 and Jan 2022 highs). Watch for the news and the Earnings in the next few weeks. Good Trades!Shortby FiXTUX1
ELLIOT WAVE ANALYSISGood evening to all, after a wave A is followed by B which is developing, and can reach the reverse of A measured as AND 88.6% fibonatsi, that is 5200 to 5230 then we have a wave C which can reach from 4913 to 4765 and maybe even lower.by kronosmavrides8
SPX Roadmap Update March 2024Critical time ahead if there is to be a pullback. Likely Fed triggers final push before a potential reversalby NeonUpdated 2
S&P 500 analysis in Daily chart.Hello I have decided to share this chart as simp,e as I can because I just want to mention its markings. There is an alternative counting for this charrt that say this last upward trend was wave 5 (Primary) and then bearish market will start. I do not want to be dogmatic but it is not so possible because : - wave 4 primary corrected more than what I can accept it as an wave4. - all market and most importantly main symbols that have the the main part of the market cap is going upward. - Dollar is also getting powered What I have counted is wave 1 and 2 in extension forms but every thing is possible in this damn market and just need to wait and see and then decide. For this chart I think we will see a correction as wave 2 primary of wave 3 cycle of wave 3 super-cycle (Extensions). Please let me know your ideas. Thanks Longby AMA_FXUpdated 9
SPX500 respect all gaps, VIHello! This chart highlighted the major things which that is the (Gap + VI) respected and resistance many time ..by Mohammed-Ageeli0
HERE´S HOW YOU OUTPERFORM THE S&P500S&P 500 Index 4Hour Timeframe RSI Moving Average Elliot Waves Overall Summary Hello and welcome back everybody! I hope you are doing good at today's monthly close! We are watching a 13$ S&P500 gain this month, which is absolutely crazy! Gains were possible, though the cliff to the downside looks scary as hell. Mixed feelings everywhere, uncertainty, fear but kind of hope- very ambivalent mental condition everywhere. Since 22% of the whole SP500 Index is divided into the six FAANG companies (Facebook, Amazon, Apple, Netflix, Google(Alphabet)) and Microsoft, these are the drivers of the US markets right now. Oil, as well as touristic, hotel, and accommodation markets took big hits, while a few made gains, which has led to the recent bull market/recovery from all-time high/coronadump. Well, today I´d like to show you something I just have read about recently, it is the Elliot Wave counting technique. As you guys know, I do not give too much about technical analysis systems and techniques, but it is worth trying out and see why they have become such popular. As you can see, in the ABC-Correction, which is part of the wave counting, the number A marks the all-time high, number B marks the bounce, and C marks the very last low the SPX at 2190. As you already noticed, the price is coming near the 200MA (Moving Average of the past 200 candles). Historically the top has been a little lower of it, but a few times it actually broke it for a short period of time, after which a massive decline/selloff followed. RSI looking good, not oversold, but testing the market strength of all-time high. So the market is strong basically, even though volume declines since the bull market started. Spikes here and there happen, but nothing which delivers serious information about it respectively to make predictions out of it. What does it mean for us? 1. The top might have been reached already, though tonight after market close Apple and Amazon gonna present their earnings, which possibly leads to a temporary boost of the market while looking at the monthly close and the end of the reporting season! :) At that point, when the bull market of the last month started, we set our first wave up to the number 1, which continues to 5. We do not know how high 5 will be nor if we already hit the "fifth Wave". Afterward, in most cases, people count ABC and call that an ABC-Correction - whatever it is. You know, in technical analysis, if you wanna fit something to a chart, you fit it. Since lines, shapes, and whatever seem to be fit perfectly, in most it is not. So look at them, but do not trust them too much. Furthermore, Elliot waves and other techniques are instruments, to describe what happened and make predictions out of it. Nobody can tell the future, nobody knows what is gonna happen in the coming days, weeks, and months. Personally I am bearish since Q1 might have been "still ok" when talking about earnings, even though many took big losses, but I think upcoming reporting seasons of Q2 and Q3 will be a devastating disaster. That is it already for today, hope it brightened up your view on the market :-) Keep you, safe guys, make sure to wash hands and whatever, you know what you gotta do! Be careful with your funds and I´d like to know what do you think? Will we see a bearish Q2 and Q3 or did the new bull market of the decade already kick in? Just tell me in the comment section!! If the content pleased you, make sure to hit the like button or leave a follow, would help a lot! Best, Roman Shortby GER-Quality-TradesUpdated 3321
S&P 500 Daily Chart Analysis For Week of May 3, 2024Technical Analysis and Outlook: The index reached our projected Mean Sup 5013 and swiftly jumped higher by suppressing our played-out interim Dead-Cat Rebound Mean Res 5110. Now, the index is moving to complete our Inner Index Rally 5175. This upside move will trigger a strong squeeze pullback to Mean Sup 5013. by TradeSelecter3
Stock Market Secrets You Need to KnowUnderstanding the Interplay Between S&P 500, Core CPI, and the Non-Manufacturing Index The world of finance is a complex web of interconnected factors, where seemingly disparate indices can influence one another in unexpected ways. Among these, the S&P 500 , Core CPI ( Personal Consumption Expenditures Price Index ), and the Non-Manufacturing Index stand out as key indicators of economic health. Understanding their relationship is crucial for investors, economists, and policymakers alike. The S&P 500 , often referred to simply as "the S&P," is a stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States. It is widely regarded as one of the best indicators of the overall health of the U.S . stock market and, by extension, the broader economy. When the S&P 500 rises, it generally indicates investor confidence and economic growth. On the other hand, Core CPI tracks changes in the prices of goods and services consumed by households, excluding food and energy prices, which tend to be more volatile. As a measure of inflation, Core PCI provides insights into consumers' purchasing power and the overall cost of living. Central banks, such as the Federal Reserve, closely monitor inflation trends to inform their monetary policy decisions. The Non-Manufacturing Index, also known as the ISM Non-Manufacturing Index , gauges the economic activity in the services sector, which encompasses industries such as retail, healthcare, finance, and transportation. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. As services dominate modern economies, the Non-Manufacturing Index is a crucial barometer of economic health and consumer sentiment. So, how do these indices relate to each other? Firstly, the S&P 500 and the Non-Manufacturing Index often move in tandem. As the services sector accounts for a significant portion of the U.S. economy, positive data from the Non-Manufacturing Index tends to boost investor confidence, leading to higher stock prices reflected in the S&P 500. Conversely, a decline in the Non-Manufacturing Index may signal economic weakness, potentially causing the S&P 500 to fall. Secondly, Core CPI plays a vital role in shaping monetary policy decisions. Central banks use inflation data to adjust interest rates and implement other monetary tools to stabilize the economy. A higher Core CPI could prompt the Federal Reserve to tighten monetary policy by raising interest rates to curb inflation, which could potentially dampen stock market returns represented by the S&P 500. In summary, the relationship between the S&P 500, Core CPI, and the Non-Manufacturing Index underscores the interdependence of financial markets , consumer behavior , and economic activity . Investors and policymakers must carefully analyze these indices in concert to gain a comprehensive understanding of the prevailing economic conditions and make informed decisions.Educationby MonstralianUpdated 2
WEEKLY WATCHLISTABOUT This idea post is showing some of my longer term stocks that are creating a good structural bases. Following are going to be a list with annotations for each stock as well as what I am seeing. I will be updating through out the week when I finish my full screening. ABOUT ME & MY TRADING STYLE I have over 15 years trading experience. In that time I have tried most of the things that any new trader might do: options, forex, futures, day trading, position trading, scalping, quant, automated systems. Read +200 books on different trading aspects. In that time my style formed best explained as: Breakout Trader Trading US Stocks & Crypto On a swing timeframe 80% technical & 20% fundamental THE IDEAS Stock 1: NASDAQ:WING Forming a flat to ascending base. I like the close on 1MAY warnings day and the subsequent support on the stock. Stock 2: NASDAQ:ALAB Newer IPO base good as it goes above the new high. Its a Semiconductor and could be put in as an AI play. Stock 3: NASDAQ:GCT Forming nice consolidation. It could develop as Volatility Contraction Pattern but requires 1) at least one more contraction 2) last rank before the breakout has to be a single digit contraction <-9% high to low on the pivot contraction. Stock 4: NYSE:OSCR This is showing a nice cup with handle pattern. The handle is good to be a bit deeper but if it moves over the horizontal line with volume it would be buyable. Be ware 07MAY - Earnings! Stock 5: NASDAQ:DDOG This is a lower quality name. Could provide for a quick trade from this cheat setup (lower consolidation within the base). Above $134 would be breaking out. Longby SimplerSignals3
SPX Is Having A Little Push Squeezing The Tush !Hey my fellow traders! How's it go? Hope all of you are careful out there and making profits $$$. Some of you might be getting overwhelmed by some choppiness and rumors coming from all directions. I will do my best to share my spin on what I see on the charts and give some of you a perspective you might not have visited yet. Let's take one bite at a time so we can get a good chew making it's easier to swallow. SPX daily on Oanda has a downward sloping trendline. Price is rising with some momentum giving a hint that price has intentions to test or hit that area around 5160, depending how long they take to get there. For now let's assume from Friday to next week. 5160 is an area to watch and see if they break out of or fall back into the down trend. Remember the trend is still down until not, but one can still scalp good profits from a counter trend trade soooo, Just use caution if you do.Longby Trade-FarmerUpdated 224
Grand Super Cycle S&P 500 Analysis: Riding the Fifth of the FiftIn Elliott Wave Theory, we're navigating the vast ocean of market cycles, and currently, we find ourselves in uncharted waters: the fifth of the fifth of the Grand Super Cycle or Grand Millennium Wave. This level of analysis delves into macroeconomic cycles of epic proportions, spanning centuries, and it's raising questions, even some of a doomsday nature. 1. The Fifth of the Fifth: Unprecedented Territory We're accustomed to analyzing cycles within cycles, but reaching the fifth of the fifth at the Grand Super Cycle level is unprecedented. This raises profound questions about the nature of market behavior, suggesting we're witnessing historical shifts in global economics. 2. Where Does the Fifth End? The big question is where this fifth wave concludes. The sheer scale of this cycle prompts speculation about significant market events, perhaps even a structural shift in the global financial system. 3. "The Fifth Wave" Movie: Coincidence or Significance? The release of the movie "The Fifth Wave" in 2016 adds an intriguing layer to this analysis. While it's speculative, it's fascinating to ponder if there's a connection between cultural expressions and market cycles. Are there subtle signals in popular media about broader economic shifts? 4. Significance of the Next Correction To grasp the significance of our next correction, we need to understand the scale of the Grand Super Cycle. Consider that the Tech boom and bust, the 2008 real estate Great Recession, and even COVID-19 can be contained within smaller waves. For instance, the Tech boom and bust and 2008 recession could be viewed as an ABC correction in the wave 2 of the Grand Super Cycle, while COVID-19 might be seen as an expanded flat wave within the Millennium Super Cycle, itself a part of a larger wave three of a step up in the Grand Millennium Super Cycle. Conclusion: Analyzing the S&P 500 at the Grand Super Cycle level is like navigating through the cosmos of economic cycles. We're currently at a juncture never seen before, the fifth of the fifth, prompting profound questions about the future trajectory of global markets. While we can't predict with certainty where this wave will end, understanding its scale and significance can provide valuable insights into potential market movements and economic shifts on a grand scale. (Note: This analysis is speculative and based on Elliott Wave Theory. Investors should conduct thorough research and consult with financial professionals before making any investment decisions.)by candlestickninja110
SPX Short Term BullLooks like SPX is forming a Bear Wedge Flag. That is a continuation pattern. The 50MA was not passed on the weekly close. If we break above that 50MA then it looks bullish to me. If we break above the Bear Flag then it is even more bullish. So short term, things look bullish. Longby RCON0
US 500 5146 planThis idea is based on the retest of entry line and rejection up towards the targets. Be patient with entry, enter just after this rejection. Set your SL after the entry and if any 30M candle closes below the SL zone, cutloss your trade. TP your trade partially at the black lines. I will update this trade when-if entry conditions are met. Not guaranteed. If you want more precise updated in time, you know what to do. Wish you good luck. Longby Rendon1Updated 8
SPX analysis: Riding the wavesWe can easily guess that this segment is made of three waves and the wave of one larger degree is directed upwards since the whole segment is directed upwards. Thus, the actionary corrective waves here are waves A and C, when a major bull market begins, while the reactionary wave is wave B.Longby CRYPTOSIXT335
S&P 500 At Major Decision PointThe stock market is at a major decision point, with 1969 low unemployment up-trending for the better part of the last year. Low unemployment *potentially* signals the maximum productivity of an economy. This is an important area to watch and wait. If we break above and trend-line check into support it could mean a bull market similar to 1990's is starting. However if it holds as resistance we're unfortunately looking at a move back down to support much much lower than where we are right now. I'd like to think because of visiting support twice in the dot-com crash and mortgage crisis that we are much more likely to break upward. But caution should be on our minds. It's a very good idea to sit on the sidelines and wait for a clear direction to emerge. Good luck!by bwy1
TOP IN SPY 513 area I can now count the move up from 4954 two ways a simple abc rally into .618 or the chart posted 5 wave up for a wave A I lead towards the ABC both had the math into the same targets . I have moved out of the longs 75 % to zero and moved into 35 to 40 % long PUTS best of trades WAVETIMER trade # 23 for 23 by wavetimer2
SPX Further DownsideSPX at lower high, chances are that we might see some selling from here and a correction of at least 5%Shortby GokulKannan86b0
SP500// ES Key zone 26.1 stm.Short-term Neutral-Bullish Intermediate Neutral-Bearish ES. On the downside, we have aggressive support at 5098.25-5002.25; holding above signals strength/stability and a break down below would be an early warning sign. Below 5098.25, we have Support at 5080-5090 where Buyers can still be active. Break and HOLD Below 5080 = Intraday Bearish by southsiderealtrade1
SPX500 - More Bearish Action 🐻SPX500 As we looked at, this wedge shaped fractal looked very weak as soon as it started to grind upward from the second bounce. Now it has slumped down below the lower wedge trendline and that is quite a bearish look down there. From here there will be a lot of resistance above and its now unlikely that it can reach the upper trendline again without first capitulating. It will probably either have a weak bounce and perhaps tap liquidity inside the wedge above the lower trendline. Or it could be already in a strong downtrend already and just continue down. If it bounces I'll be adding to my short positions. Not adviceShortby dRends35Updated 228
Next Leg Correction underwayRally was short and sweet. Got 0.50. Fibo. Meta cracked it. Was fading all day already after the morning pump; just three up days. C legs typically extend farther and give a 1.62 extension, capitulation and panic prevail. May will be Bearish, at least to start, imo. Need to watch this correction carefully to gauge whether it takes ABC form or a more sinister impulsive move. Setup for a summer rally beyond.Shortby DaddySawbucksUpdated 111167
Sell in May and go Away ... not too fastWe recently saw the AMEX:SPY index falling very fast and aggressively to the correction territory. The level found support around the 4950s. After all the events like Earnings, one day down, the other day up, and both very aggressive, plus the Fed meeting, also with a wild rollercoaster. At the end of the day the index found support above the 4950. Which is good news, and the first step. What does it come next? After all this spring clean I am expecting that all the weak hands were shaken and the "buy low sell high" comes next. Double bottom and a target level 5200 for the SP500. The VIX spiked to the dreadful level of 20 and it came down. No WWIII, no Iran vs Israel, no international events. "News is Noise". The market shrugged off the events and determined that the 100 ma support was stronger. We're still in the correction territory, until we go past the 50 ma the next target will be the All Time High ATH levels we saw by the end of March. The market hates to become predictable, so the "Sell in May and go Away ..." could as well have turned into "Sell in April, don't be fooled". Indicators: Madrid Ribbon at 100/200 ma Madrid EMA at 50 Madrid Momentum Indicator Madrid Display Symbol showing VIX Longby Madrid10