SPY: Symmetric wedgeWhich way do we go from here? Up or down? RSI, macd and chart pattern all point to breakouts but either way seems possible at the moment...by amazingwhirled1
sp500 short, multiday short trade on sp500 . Tp at 4700 multiday short trade on sp500 . Tp at 4700 today's candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish leg. possible target 4700 points.Shortby NewHOrizons11
SPX Rolling Over! Don't Get Trapped On A Sinking Ship!Hello my fellow traders! Crazy times for SPX. Many will get confused and have their bias. (Hope it's right). Daily chart in SPX Oanda is in a roll over formation, ma's flipping. Measured move is far enough I thought I should post what I see. Target area 1) 4829.6 Target area 2) 4660. WHAT! I know right. Ya, we could dip to 4660 so please be careful out there. More on this as she plays out. Cheers! Trade careful! Pocket $$$Shortby Trade-Farmer0
A soft landing is unlikely to materializeThe SPX has rallied approximately 3.5% since its lows on 19th April 2024 and well into the two-day FOMC meeting that kicks off today. In line with general market expectations, we do not anticipate any change to the central bank’s monetary policy, and just like on previous occasions, we expect Jerome Powell to reiterate the FED’s commitment to fighting inflation during his speech at the press conference tomorrow. The chairman is likely to praise the economy for its resilience and make remarks about the historically strong labor market in spite of financial tightening. In addition to that, Jerome Powell is probably going to outline challenges the FED faces, most notably accelerating inflation, which became a topic of discussion following the weakness in the stock market after the last print showed inflation rose for the second consecutive month. This fact could lead to his reluctance to discuss the central bank’s move toward easing, which in turn could lead to a resurgence in volatility and weakness in stocks. By keeping interest rates higher for longer, the FED risks constructing a recession on its own, which has been repeatedly a case in history. Therefore, we continue to hold the opinion that a soft landing will not materialize. Instead, signs of recession will become even more apparent. With that said, we believe there is a high chance for a major repricing event to take place in 2024. Illustration 1.01 Illustration 1.01 displays the daily chart of the SPX and two simple moving averages. The yellow arrow indicates a bullish breakout above the 20-day SMA. Now, the 50-day SMA and the price's ability to break through it will be in focus. If the price fails, it will be worrisome. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade. Shortby TradersweeklyUpdated 101046
S&P 500 - wobbly AprilYesterday saw a big ‘risk-off’ move across all the major US stock indices. The biggest falls were seen in the tech-heavy NASDAQ 100 and the domestically-focused mid-cap Russell 2000, which ended the day down 2.0% and 2.1% respectively. That was a fitting, if disappointing, end to April for US equities which have struggled to maintain the relentless bullishness which drove US indices higher throughout the first quarter. The Dow, S&P 500 and NASDAQ 100 began to rally at the end of October following a drawn-out decline. By early in the New Year they were regularly posting record highs, and this behaviour continued through to the end of March. But April marked a significant turnaround in sentiment as the prospect of looser monetary policy from the US Federal Reserve began to fade. While the indices have recovered from their weakest levels last month, the Dow, S&P 500, NASDAQ 100 and Russell 2000 ended April down 5%, 4%, 4% and 7% respectively. The selling has continued this morning amid a slew of earnings reports overnight, and ahead of the Federal Reserve’s rate announcement later this evening. Considering corporate results, after last night’s close Amazon reported better-than-expected earnings and revenues, and that has lifted the stock by 2%. But tech darlings Advanced Micro Devices and Super Micro Computer fell over 6% and 9% respectively on disappointing results. Today sees reports from CVS Health, Mastercard, Qualcomm, Pfizer and eBay, amongst others. But Wednesday’s big feature is the Fed’s monetary policy meeting. The market assigns effectively a zero probability of a change in rates. But the accompanying statement, together with Fed Chair Jerome Powell’s subsequent press conference, have the potential to move markets. Looking at today’s trade, it appears that investors are paring back risk on fears of a hawkish tone from Powell and the FOMC.by TylerNorcross0
SP500// ES Key zone 26.9 stm.We have the initial Resistance zone which is the intraday Bias changing zone. Where the market is going to move if ES/ SP500 holding below initial resistance following the FC announcement then the reason to weakness then could still remain in play for move down to initial support. ///////////////// Short-term Neutral-Bearish Intermediate Neutral-Bearish /////////////////by southsiderealtrade2
Do sellers win in the stock market?📊 According to the sales pressure in the market, if the range of 5010 units is broken and the price stabilizes below it, the price may fall to the range of 4990 units🎯, and in case of strength, the range of 4950 units🎯🎯. 📊Otherwise, the possibility of price increase up to the range of 5050 units.Shortby arongroups8
Fed Day and market priced inToday we woke up with a SP Futures Market down on Fed day. The previous days the market was trading in a narrow range, yesterday we saw it crashing down anticipating the Fed day today, and this morning it took another dent until the level reached what we can see in the chart, a touch over the 100 ma support. Keep in mind that after hitting the ATH recently, it went down to this support. The market reacted well and recovered around 50% of the move. Today it´s going down again to the same point, which is interpreted as a test of the support levels. My forecast here is that the market has shaken the tree and is looking for another trip to the ATH levels. We have a positive momentum divergence, Support Line at a strong moving average. It is normal to see a lot of volatility on days like today, so buckle up and enjoy the roller coaster. Longby Madrid337
SPX500 Trade setup Instituional tacticsInstitutional Tactics analysis 1;3+ Risk reward setup This my inclution to the setup if you like my content and signals please Follow and comment Hit the like button and show some love wish you good luck and good tradingShortby AlphaBull-Trading0
SPx (Strong Volatility)S&P 500 The price is on a bearish trajectory aiming for 4997, and it needs to close a 4-hour candle below this level to extend the downtrend towards 4953. The upcoming Federal Reserve rate decision will influence the S&P market. Meanwhile, the price is expected to fluctuate between 4997 and 5039 until a breakout occurs, with a potential retest of 5040 also possible. however, the price will move between 4997 and 5039 till breaking, there is also some retest possibility to get 5040 Pivot Line: 5025 Resistance Levels: 5054, 5080, 5104 Support Levels: 4997, 4954, 4935 Today’s expected trading range is between the support at 4953 and the resistance at 5054.Shortby SroshMayi8
S&P 500The index turned lower before reaching my re-entry sell range. The declining 21-EMA is now acting as a resistance zone. by techpers0
Expanded Flat - Wave C BeginningSPX has possibly completed forming Waves A and B of a complex expanded flat correction, and may be near starting its Wave C. More likely this is the case should TVC:DXY continue up to and above 112-115. See related chart linked below under related ideas. Another possibility is a running flat correction where it turns back up near the 100% fib instead.Shortby dudebruhwhoa2
SPX-Too Much Too Fast-Still bear midtermToday felt a bit fast. Big day for volatility tomorrow with FOMC. There is a chance that we just fallout from here, but something tells me the bulls want to attempt one more time off this 5026 level. by Brukks221
Spx500 ,,, correctionToday, the chart formed a big bearish candlestick and I personally preferred to close all positions. Is the chart going to touch 4820-4800? I hope not. For now, I will watch the market until I am sure of the upward trend of the market.Shortby pardis2
Sell in May and go away "May" apply this year!Sell in May and go away "May" apply this year! We have a wedge break and as my fellow technicians know we almost always rally back for a stubborn fomo bull rally one last "gain" Well... We may get a double top or bottom wedge hit (of course that could lead to overshoot fib extension levels), but eitherway i'm out of almost everything and in UVXY UVIX by end of May! GLTAby candlestickninja0
SP 500 cash Top view of wave structure 5146 +or - 2 The chart posted is my view of the wave structure it is forming . We had two legs of equal in the sp 500 up into 5123 from 4954 .I would be rather bearish BUT cycles are in a time frame coming up and I think I would see a rather complex structure in formation . We have had a.7.3 % Correction >So I have now taken a 40 % net long I did want to add at 5061/5058 .I would look for the sp 500 now to rally into 5146 area to end wave A up to the alt abc rally idea reason is a simple one the decline is corrective and NOT impulsive in the structure as that the TVC:DXY target of 106.6 is nearing best of trades WAVETIMER .by wavetimer5
SP500 ES Key zone 27.25stm.Intermediate/ Natural Bearish Initial resistance actived. by southsiderealtrade1
SPX :MICROItem name: SPX *If you follow SEOVERIGN, you can get an alarm. *Boost gives SEOVERIGN the momentum to analyze more of the other stocks! Nice to meet you. SEOVERIGN - This is SeoVerign. An analysis of the SPX, which has continued to rise along with the Nasdaq, suggests that the uptrend is now nearing its end. If it goes down here, it could be a bit of a big drop. I'm not sure if I'm going to start a good week Or it would be fun to see if you're going to start the next month with a drop. Investment volume, risk management, and investment decisions are your own, so please use them for reference. I hope you have a good result. Good luck. I would like to inform you in advance that SEOVERIGN has nothing to do with the analytical items.Shortby SeoVereignUpdated 1
Seen this exact setup at previous major tops I have analyzed the SPX using 2 common indicators; i.e. RSI and breadth above 200d SMA. A very similar setup was seen just before the 2018 correction and the 2020 crash. This recent rally of past 5 months is bigger and more irrational than the previous two rallies. Thus, we should expect a bigger move down over the long-term. Short05:58by markethunter8884
what does this divergence say about indicescompared to USI:TICK , SPX/NDX is maximally diverged as stocks consolidate most heavily. the difference between indices historically closes quickly, and daily consolidation may have begun to rally the market somewhat. the indices compared to all stocks up/down is beginning a daily bounce due to the amount of money that has gone back into risk assets as they squeeze compared to an overall down market.Longby cerealmarket0
SPX500 slips on higher labour costsThe SPX500 has lost momentum since yesterday. If the hourly RSI remains below 50, we may see lower prices in the short-term. Keep an eye on the daily RSI because if that slips it will affect the higher time frame's momentum. 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.Short03:08by FXCM1
Possible 61.8 retracement on SP500Possible sell swing trade Confirmed trend line on 4H timeframe 5th touch on the line is a 61.8% retracement with a 161.8 projection Price will sell down to 4925 area perfect entry 5108.44 hold and watch for the next few daysShort0by dggayle60
AI has no conscienceAI has no moral code. It doesn't CARE. 50 retrace, rinse repeat 3 X. Black swan just off stage, waiting to take it. Currency wars, imbalance globally, Yen... does Japan save itself or the world economy, does the US come to their rescue and devalue dollar, stagflation is here, does FED lower rates, save the real estate industry the stock market and this November's voter's IRA's, and the US economy near future, camacazi until election is over, then dump, does the admin govt continue to find ways to add "stimulus" money to M supply by executive order (bypass congress) i.e. student loan forgiveness X3, what forbearance act is next stay tuned, banks are crashing, regionals next like dominoes, scare flag to intro the cbdc to the rescue (or try with social revolts in the streets - freedoms being stolen) , debt swaps galore, will be the big 6 left, and perhaps an event out of left field like a solar blast that shuts down the grid worldwide and it takes a year to build new transformers. So who do you believe in? Who do you trust? Who is your faith in? Jesus, yourself, or something of this world that will fail you? Have a wonderful day :)Shortby claydoctor111