us 500 retested ready for buyus 500 broke the resistance and tested this resistance. The next target is 5370 USD, which is the 1.272 level of Fibonacci. I think you can open a buy position by placing the stop loss at 5275, which is the Fib's 1 level.Longby foxforex32
SPX - don't be so bearish matehi traders, SPX is correcting and many traders becoming super bearish here. Don't panic here! Let's make a plan! We expect SPX to retest high from January 2022. 4800 could be a great entry for a long position. It's a Golden Pocket Fibonacci therefore some buying pressure may be expected. Retesting this level would be very bullish as it's previous resistance so now it's time to retest it and confirm it as support. From there, more upside is likely. The next target is around 5900. Time will tell but feel free to leave a comment and share your opinion ! Longby vf_investmentUpdated 5
S&P 500 Daily Chart Analysis For Week of May 17, 2024Technical Analysis and Outlook: In the S&P 500 Daily Chart Analysis for the Week of May 10th, it was observed that the market successfully retested the Key Resistance at 5260 and the Outer Index Rally at 5280. It is suggested that the Outer Index Rally at 5342 will be reached after hitting the newly established Key Resistance at 5314, followed by a potential move to the primary down target Mean Support at 5221. Additionally, there is a possibility of further advancement towards the Inner Index Rally at 5408 and the next Outer Index Rally at 5460, with the secondary triggering points at destination points.by TradeSelecter1
S&P 500 Macro Outlook (2022-2024 Forecasted Targets/Tops/Bottom)3950-4K micro-target followed by the melt-up rally. Linear top: 5325 Log top: (Separate post): 6000 Extension linear top: 6500 60-80% Bear Market follows; Target 1: 2150 Target 2: 1555 End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing. P.S. Disregard target 3 on the chart; Depression isn't expected this decade.by ILuminosityUpdated 1
SPX - Enjoy the rally while it last!For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor and believe that is the path and the grey line which is definitely possible but unlike in my opinion due to election year. Also it looks like we are following the cup and handle. I have also explained in my other ideas why I think we are like in 1990 and 2012 (base on the fear). If the grey line happens, Biden loses the election guaranteed so I am certain the fed will hold the stock market at least until after the election. Give a like if you find helpfulLongby BlackisKingUpdated 272732
Short SPYBack near resistance line formed by 1929 and 2000 tops, acted as resistance in 2022.Shortby BasedCharts2
SPX 1H 💡What kind of move can be made? This price range is very important and we should consider the price reaction to this area by the end of today and next Monday. If we see a rising sign, it will be a low-risk position. Pay attention, only and only in case of strong confirmation.by FatemehZND0
SPX500 IndexPair : SPX500 Index Description : Completed " 123 " Impulsive Waves Demand Zone Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure Fibonacci Level - 50.00% / 61.80%by ForexDetective5
SPX:MICROJudging by the round-top and harmonic patterns, the SPX is expected to fall soon.Shortby SeoVereign1
S&P500: First Red Day, FRIDAY DAY 3Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Tuesday, Wednesday and Thursday the market bring traders up high, triggering long breakout for three days is a row, breaking higher and failing the weekly level on Thursday, day which closed as well as a first red day. DAILY TEMPLATE (15min chart): The market today slightly trigger other time frames in the market, consolidating both the session of Asia and London above CP and previous LOD. THESIS : Wait for equity NYO at 9:30, possibility to the big pump and dump to be completed by the next few days if the backside move will start. Trader in profit also above HOW, I will not exclude scalp long if a setup is presented SETUP : Short: LL LOD, pump and dump into yesterday LOD Long: dump into CP/LOD for a pump back to previous HOD HERE BELOW, SIMILAR TEMPLATE FOR THE DAY" NAS100 US2000 US30 Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianniby GianniPichicheroUpdated 1
SP500 potentially 45% drop sell - AnalysisThe provided image outlines a long-term technical analysis of the S&P 500 using Elliott Wave Theory: Wave 1 (2011-2020): A lengthy bullish trend representing the first large-scale wave, which extended for nearly a decade, ending in early 2020. Wave 2 (Early 2020): A substantial retracement followed, marking wave 2, coinciding with the sharp sell-off due to the COVID-19 pandemic at the start of 2020. Wave 3 (2020-2022): Thereafter, a strong recovery and extension formed wave 3, reaching new highs in 2022. Wave 4 (2022-2023): Another retracement took place, defining wave 4, which concluded in 2023. Wave 5 (2023-2024/2025): The current trend is wave 5, which may peak between 2023 and 2025. This wave is anticipated to reach the target price range of 5,800-6,100 before a significant retracement. Within this broader structure of wave 5, a smaller set of waves have formed points 1, 2, and 3 over the course of 2023 and 2024. We are currently awaiting the completion of minor wave 4's retracement and the extension of minor wave 5. This would be the fifth wave of the fifth cycle, or "wave 5 of 5." Following the completion of the minor wave 5, analysts expect a substantial retracement in 2024-2025. Based on Fibonacci extension levels, the SP500 could experience a drop of 40-45%, potentially reaching levels of 3,460 or 3,160. The extension of the minor wave 5 could fail following the retracement of minor wave 4, potentially precipitating the drop earlier. For market participants following this analysis, this might suggest an opportunity to take profits near the anticipated peaks and then potentially look for short entry points to capitalize on the forecasted long-term retracement. Of course, such analyses should be approached with caution and coupled with careful risk management and ongoing market developments monitoring. Target date: 07 may 2024Shortby ForexPrime447Updated 6610
SPX500 potentially setting up before cash openThe longer-term SPX 500 daily chart is sitting in a bullish channel with positive technical indications. The shorter-term hourly is heading towards positivity, however there need to be some developments to confirm. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com) : Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.Long02:45by FXCM2
S&P 500 FORECASTThe current bearish trend is projected to reach 5280 and 5266 if the price remains below the pivot point at 5300. However, if it breaks above 5300, confirmed by a 4-hour candle closing above this level, it could potentially target higher levels at 5311, 5328, and then 5345. Key Levels: Pivot Line: 5300 Bullish Lines: 5311, 5328, 5345 Bearish Lines: 5280, 5266, 5220by RojBarwari2
SP500 (Short Movement)SP500 Index NewForecast (Structure: Short ) The price has dropped and continues to do so as we predicted, aiming for a retest at 5302 and 5281. It has already reached 5302 and is now moving towards 5281. Currently, the SP500 is undergoing a corrective retracement targeting 5281. At this point, we should monitor whether it breaches 5281. Stability below 5281 would indicate a continuation of the bearish trend towards 5264. Conversely, stability above 5281 would signal the potential beginning of a bullish trend. Pivot Line: 5301 Resistance Levels: 5320, 5340, 5357 Support Levels: 5281, 5263, 5227 Today’s expected trading range is between the support 5264 and the resistance 5330.Shortby SroshMayi6
Falling towards pullback support, could it bounce from here?S&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.ULongby ICmarkets5
SPY and QQQ Bottom today MOVE to 85 % long calls jan the chart posted is that of the spy it is nearing the end on the first leg down in a wave A and is taking the form of an abc decline into spiral f9 and a high due in the vix cycle 4/15/4/17 put calls have decline well into the cycle and now over bought conditions have as well . I look for a rally to at a min .382 up best of trades Wavetimerby wavetimerUpdated 12
S&P500 Ultimate 20-year cheat-sheet! See when to sell!The S&P500 index (SPX) is having another very strong bullish month, following the red 1M candle of April, which was the first after 5 straight months of profit. Many might be wondering why a deeper correction didn't come at this stage and the answer is simply that it's not yet the time for it. We present to you today what we call the "Ultimate stock market cheat sheet" which is simply an observation of the market's Cycles of roughly the past 20 years. As you can see, since the 2007/08 Housing Crisis, there is a very consistent pattern and the Sine Waves display perfectly that frequency. More specifically, we can see that a rough frequency when the S&P500 tops is 3.5 years. Every 42 months (3.5 years) the index either hits a High or already has and is on a minor decline before a stronger correction comes, which is always within the technical standards of pull-backs within a greater Bull Cycle expansion. Roughly also, the sell signal is given after the 1M RSI breaks below its MA trend-line having previously been on overbought territory (above 70.00). As a result, the market still has another full year until a sell signal emerges (July 2025). Of course it is advisable to be off stocks before that date just to be on the safe side but the important conclusion of this finding is that investors can continue feel safe buying for several more months. What's your take on this? Do you still feel safe buying? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot6658
THREE PEAKS n DOOMED HOUSEIt has been sometime But I think this is a good time to post the chart We are nearing the End of the cycle and pt 23 .I feel this move since oct 13 2022 was the Last bull phase since I wrote the forecast dec 8th 2021 .for oct low 2022 target 3511/3490 . best of trades WAVETIMER by wavetimer4
SPX Bull Until ElectionIf you follow the election cycle S&P 500 usually is in a bullish trend until the election is over. At that point it can have up to a 40% correction or a 50% continuation. Bush Jr inherited the Dot Com bubble and then ended his term with the 2008 Financial Crisis.Longby RCON1
US500S&P500: I want to Short the ES right here with 1% risk . Notice: Use sell Stop order to find the best price .Shortby sentores5
This is and has been my wave count as a TOP115% short now The posted best reflects my view within the wave structure . as The VIX has entered the 12.74/12.4 For months I been calling for two targetin the based on 2000 peak and the 2007 peaks they were 5261 gann 2000 peak of 1555,5 and 2007 peak 5331 I am net long puts in qqq and spy till I see otherwise by wavetimer339
S&P 500-are we there yet?US stock indices soared yesterday in a move which took both the S&P 500 and NASDAQ 100 to fresh record closing highs. The Dow came within a few points of its own all-time high, falling a tad short of 40,000 this morning. The mid-cap domestically-focused Russell 2000 was also up sharply yesterday, but has since pulled back a touch. It remains around 14% below its own all-time high from back in November 2021. Yesterday’s broad-based gains followed the release of a clutch of CPI data which indicated a modest softening in consumer inflation from the prior month. Year-on-year Headline CPI pulled back to 3.4% from 3.5%, as expected. Core CPI, which excludes food and energy slipped to 3.6% from 3.8%, also as forecast. The bullish market reaction also saw bond prices rally with the yield on the 10-year Treasury note losing 10 basis points. The CME’s FedWatch Tool now shows an increased probability that there would be two 25 basis point rate cuts this year, while any fears of a rate hike have been completely extinguished. All in all, this appears to be an outsized reaction to the data. Rather than signalling confidently that inflation is back on its downward course, it suggests that there was widespread relief that the CPI data didn’t come in higher. But the bullish reaction also suggests that investors are suffering from a large dose of FOMO, and there are concerns that we could be in the process of a blow-off top with echoes of the moves seen back in early 2020. That was followed by a devastating sell-off triggered by the coronavirus panic which engulfed the world. So the comparison with today only goes so far. But it could be argued that the air up here is quite thin. And in the same way that there’s no obvious catalyst for a decline, it’s hard to discern what could help to lift equities much higher from here. The first quarter earnings season is in the home straight now. Cisco jumped 5% overnight on positive results. Earlier today, Walmart rose 5% on a solid set of results. Chart wise, the S&P is trading back up around the midpoint of the upwardly-sloping trend channel, and the MACD indicates that there’s still decent upside momentum. But time could be running out for the last leg of this rally, and another pull-back can’t be ruled out.by TylerNorcross3