Bulls and Bears zone for 06-18-2024Yesterday, S&P 500 closed at record High again and up about 15% for the year so far. Would not be surprising if traders take profit. Level to watch: 5546 --- 5544by traderdan590
S&P 500 INDEX to 6000 before mid 2023Firstly a big thank you for taking me past the 10k likes on Tradingview. That’s a great milestone and tells me the ideas must be appreciated. If it is okay with you I’ll continue to share them freely. As a thank you for taking my ideas past this milestone I want to share the idea that will challenge 95% of those reading. You will just not believe what is about to happen in the following 6-9 months. Use this idea as a cheat code to take you to the 5% club. It is highly probable the market will rip higher and I’m betting on a new all time high before the middle of next year in the area of 6000. Then we can have our recession. Still reading? Or have you gone straight to the comments for some club 95% ‘you mad bro’ comments? What’s the evidence? There’s technical and fundamental. Firstly the technical on the above weekly chart: 1) A ‘great buy’ signal has printed. Look left. 2) Every year that ends with a ‘2’ for the last 70 years has beautiful symmetry with its roots in pi-cycle theory, but I’ll not go into that here, just accept it. Each of the annual charts below are the last 70 years with years ending in a ‘2’ with the vertical lines approximately identifying a 12 month window. 1952 - 1962 - 1972 - 1982 - 1992 - 2002 - 2012 - And finally 2022 - see a pattern? The Fundamentals 1) Mid-term elections - the FED will not crash the market with up and coming mid-term elections. They never have in the above years. 2) Insider trading - The people making the decisions / your glorious leaders, they are actually buying the dip: “U.S. House speaker Pelosi discloses trades in Apple and Microsoft” Source: www.reuters.com This is not an isolated event. 3) Sentiment is at the lowest it has been for 40 years! Not even 2008 comes close. People are so bearish right now that it is actually bullish. 4) The Put / Call ratio. The number of retail traders ‘short’ on the market is at levels not seen since August 2020. Remember then? The world was ending then too. 5) The ‘Put/Call’ ratio is printing bearish divergence just as it was back in August 2020. The market ripped higher afterwards. Well that’s it - Hope you enjoyed, this took some hours of study and preparation. Ww Type: trade Risk: <=6% of portfolio Timeframe: 6 to 9 months Return: 50-80%Longby without_worriesUpdated 263263179
SPX 500 Breaks Record High, Targets 5650US SPX 500 – technical overview Longer-term technical studies continue to look quite extended, begging for a deeper correction ahead. At the same time, the latest bullish breakout to a fresh record high beyond the 2024 high opens the door for the next measured move upside extension targeting the 5650 area. Key support comes in at 5194. R2 5500 – Round Number – Strong R1 5450 – 7 June/Record high – Medium S1 5321 – 7 June low – Medium S2 5194 – 31 May low – Strong US SPX 500 – fundamental overview Though we have seen a healthy adjustment of investor expectations towards the amount of rate cuts in 2024, the market still hopes policy will end up erring more towards the investor friendly, accommodative side of things. This bet has kept stocks well bid into dips and consistently pushing record highs. Still, if there is a sense the Fed will need to be more sensitive towards erring on the side of higher rates, it could invite major disruption to the stock market. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger by BlackBull_Markets1
S&P500Analysis of the S&P 500 Weekly and daily time frame The S&P 500 index is near the daily and weekly supply area, and long positions have higher risk.Shortby m0neyminer0
SPX Roadmap June 2024Most likely a multi-month topping process has begun. Standard mode is usually 2 drives up into important confluence of FIB extension on many different levels. Due to elections/liquidity effect, this could extend into a blow off to 6100. But needs confirmation above the standard levelsby Neon0
Weekly XLE, XLU, XLP, XLF, XLV,XLKWeekly XLE, XLU, XLP, XLF, XLV,XLK market trends and chartsby leavethatcat0
Monthly XLE, XLU, XLP, XLF, XLV,XLKMonthly XLE, XLU, XLP, XLF, XLV,XLK market trends and chartby leavethatcat0
XLE, XLU, XLP, XLF, XLV,XLKSP:SPX based market trends compare XLE, XLU, XLP, XLF, XLV,XLK ETFby leavethatcat0
SPX forming a bull flag on a 2H timeframeSPX forming a bull flag on a 2H timeframe. Look to retest 5400 and then go Long. First target at 5450, second target at 5500. This analysis is for informational purposes only.Longby quietbull0
More up for SPX500USDHi traders, Last week SPX500USD went more up after a small correction down just like I've said in the outlook. Next week we could see more upside again for this pair. Trade idea: Wait for a correction down on a lower timeframe and change in orderflow to bullish to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading0
SPX500Added another position to my SPX500 now just on spx I have about 50%return on investment. VHT YOUR MENTOR SIGNING OUTLongby Victor_Hunter_Turner0
SPX deflacted by PCENon deflacted SPX: up 720% SPX deflacted by PCE: up 320% since 2020 lows, still not topping the 2021 highs. Huge negative divergenceby j_arrieta0
12,000 SPY Prediction by 2028 "Roaring 20s Hello Again" Start of 1995 the NASDAQ was at 1,578, Start of 2,000 it stood at 8,688 x of 5.505 If we take the bottom of composite 11,073 that takes us to 60,956 and this only the Nasdaq composite This would put the US stock markets combined over 300-400 Trillion dollars. The Federal Reserve will be forced to repeat the same policies lowering or holding rates steady to beat both inflation and unemployment, the last thing people are expecting is a parabolic melt up of all major markets. This is why I'm posting proof We're moving into the age of Bitcoin as a global reserve currency, robotics and Ai. The USA has started to accept miners logic and Bitcoin economics. While people waited for the recession, while people waited for the bubble to pop, the reality is it has just started. I'm surprised majority are still watching this unfold on the side-lines waiting for the "bubble to pop" but then again when they come back in saying its "not a bubble" I will be defensive. Longby CassandraCapital0
Simple multitimeframe for US500, S&P 500 Index☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Longby Yelli_tradesUpdated 112
Inflation pushes risk assets higher - regardless of the dot plotFundamentals & Sentiment SPX500: - Earnings were strong - Nvidia is in uptrend USD: - Yields are falling - Big miss on PPI data + previous cold CPI Technical & Other Setup: TC(B) Setup timeframe: 1h Trigger: 5m Medium-term: Up Long-term: Up Min target: Fib ext Risk: 0.38% Longby Cherry94Updated 0
Following the wealthy path of the 5 richest men in the world Warren Buffet runs many businesses so I would just use BRK.B as a proxy (so accuracy may differ) Surprised to see Amazon ranking the lowest ...... Read article here by dchua1969Updated 1
Let's make more money in 2024Read article here From chart, I see 2 possible options - one that retreats and find support at 4812 price level and continue to rally from here. Two, it was a false alarm and heads south and head towards 4694 price level before finding support and continue the rally upwards. Of course, the worst scenario is if for some reasons FED refuses to cut interest rates (market already price in 3 cuts) or worse increase one more rate hikes and the market can react badly and goes ahead to close the loop at 4422 price level. That is roughly a 8% drop from its current price so still acceptable. AI will continue to push the magnificent 7 stocks even higher (look for dips to accumulate) and I expect to see a rotational play back to Healthcare stocks , Consumer Staples which were not performing so well last year. Please DYODD Longby dchua1969Updated 1
The mountain trekking rules on SPXFor those of us who had gone trekking the mountains before, we know that to reach the peak , it is not a linear path. Often, we have to manage the steep downhill , climb the uneven uphill and these will go on for umpteen times before we get to the peak. The stock chart acts in a similar way, imo. You can see the red arrows showing the downhill where we have to accept and climb down. This does not mean for us to sell our positions unless you are a short term trader. Often, this is a resting point for us to accumulate else accept it as part and parcel of the trekking journey. The current rally since Oct last year has not had a meaningful downhill of sort so I had drawn several support level where it might revisit before continuing its uphill task. So you can buy-in tranches something like 10% at support level 1, 25% at support level 2 and 40% at support level 3. The % is based on your size of the capital invested so it may differs from each individual. Note that each time the price action visit the green dotted line (bullish trend) , it will nicely rebound again, sometimes touching and sometimes not. That is why it is even more important to be in the market than to TIME the market. Of course, if we can all predict with 100% accuracy, then all will show hand at support level 3 or even lower but Mr Market is smarter and more emotional than we. It could touch support level one and then continue its way up without giving the late comers another chance. Then, if you missed it, you will be buying at the next higher price. By bying in tranches based on the % above , you allow yourself a good opportunity to do dollar cost averaging and ensuring that you participate in the bullish trend RATHER than awaiting at the bottom (hoping) to scoop at lower price. The gap that remained to be filled up can be misleading as well. It can take weeks, months or even years before it is filled up , nobody knows for sure. And awaiting blindly for it make take you out of the market for a much longer time than anticipated. And that makes chart reading an interesting game and that is it is not 100% accurate despite all the tools available. Longby dchua1969Updated 1
US500SP:SPX TVC:SPX CBOE:SPX SPREADEX:SPX This analysis was performed by a neural network based on all signals from the indicator CCPR #US500 #1d #BrownDot 06/13/2024 | 5432.81 #google/gemini-flash-1.5 ### Analysis of the current situation: (funding and volume) *Funding: Funding on the US500 is in negative territory, indicating that sellers are more active than buyers. *Volume: Trading volume on the US500 has been above average in recent days, indicating increased interest in the market. ### Support and resistance level: * Resistance level: 5440, 5480 * Support level: 5380, 5340. ### Forecast for US500 price movement relative to the dollar: #### Brief immediate forecast: *Probability: 60% * Movement: The price is expected to drop by $500 in the coming days. * Signals: There is a strong signal for a downward reversal (BrownDot), which is confirmed by a weak buyer (BIGREDDOT) and negative funding. #### Medium-term forecast: *Probability: 40% * Movement: The price is expected to increase by US$500 in the medium term. * Signals: There is a downward divergence (DivergenceDOWN), which can be a trend reversal signal and preserves all previous downward signals. #### Motion reliability: * Up: 40% *Down: 60% ### Conclusions: * The current situation in the US500 market indicates a trend toward gradual price declines. * However, a downward divergence signal (DivergenceDOWN) can be a trend reversal signal and leaves all previous signals to fall. ### Recommendations for entering the position: * Short: Apply an open short position on US500 with a target of 5340, stop loss of 5400. * Long: thus delay opening long positions until the trend reverses. Additional factors to monitor: * News: Stay tuned for news that may appear in the $500 market, for example, for the publication of data on dynamics, interest rates, etc. *Volume: Follow trade analysis to ensure signal strength. Data for analysis: *Price: Keep an eye on the $500 price to determine its movement. * Indicators: Use indicators to give signals. *Volume: Follow trade research to identify strength signals.Shortby Ivan_Olyanskiy0
Long economystrong uptrend indicator today, looks good, the economy will not fall until the next bubbles or crisis, long for the indexes, be careful to the institutional shakeout and good luck. Longby Gilbert09670
S&P consolidates near highsUS stock index futures came under selling pressure this morning. This followed yesterday’s lacklustre session which saw modest gains for all the majors. Equity markets appear to be consolidating ahead of tomorrow’s big announcements, with both the S&P 500 and NASDAQ 100 holding close to all-time highs. So much now hinges on where the CPI comes in. The consensus expectation is that Headline CPI (including food and energy) will hold steady at 3.4% in May, unchanged from April’s update. If so, that will be below the recent highs of 3.7% from September and October, but still well above the 3% recorded last July, and way above the Fed’s own 2% target. If recent history is any guide, then there should be widespread relief even if CPI only matches expectations. But the next big test for markets comes just a few hours later when the Federal Reserve’s FOMC concludes its two-day monetary policy meeting. While the market doesn’t expect any change in the Fed Funds rate, investors will be anxious to see if there are any changes to the quarterly Summary of Economic Projections (SEP) from the last release in March. The SEP shows what FOMC members are forecasting for GDP, unemployment, inflation and, crucially, the Fed Funds rate for this year and beyond. The ‘Dot Plot’ should provide clarity over the likelihood of rate cuts for the rest of this year. Crucially, do FOMC members expect to reduce rates by 25 or 50 basis points before year-end? And are there any members predicting a rate hike first? After this, Fed Chair Jerome Powell will hold a press conference, so market sentiment could shift quickly, depending on his outlook for the US economy, and on inflation in particular. By mid-afternoon, the S&P 500 had fallen further as had the Dow, while the mid-cap domestically focused Russell 2000 had lost over 1%. In contrast, the NASDAQ 100 was in positive territory. Apple, which is a constituent of the S&P, Dow and NASDAQ 100, was up 5% on news of its latest foray into AI. But it had an outsized positive effect on the NASDAQ 100 due to its weighting in the tech-heavy index. by TylerNorcross0
SPx500 FORECASTOverview: - Current Price: 5,348.8, down by 0.10% (-5.3 points). - Price Action: The index has been in a general uptrend, with some recent consolidation near the highs. Key Observations: 1. Trend: - The overall trend is bullish with higher highs and higher lows. - There has been significant upward movement in late May, followed by some consolidation and minor pullbacks in early June. 2. Recent Price Movement: - After reaching a high around 5356.8, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 5356.8 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 5280.0 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 5356.8 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 5400.0 and 5450.0. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 5280.0, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 5220.0 and 5200.0. 3. Sideways Movement: - The price could continue to consolidate between 5280.0 and 5356.8, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The S&P 500 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 5356.8 could continue the uptrend, while a breakdown below 5280.0 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves. Key Levels: Bullish Lines: 5377, 5405 Pivot Point: 5328.5 Bearish Line: 5300, 5251 by RojBarwari1
US500 SELLThe market is currently testing the current structure which is forming a divergence on the daily TF. Based on price action , the market is forming a reversal chart pattern on the 4HR TF. We could see sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor. Shortby WiLLProsperForex0