$SPX $SPX500USDSummary #SPX is approaching a key level where it may make a decision to bounce or break lower. A zone ranging between 4800 : 4920 "highlighted" will determine the upcoming short term trend. by AhmedMesbah3
ABC corective wave for SPXUS stock indexes are falling off of their all-time highs which has seen the S&P fall below the 50-day MA support level at $5,125. A failed move back above the 50-day MA at $5,120 will see the index fall lower onto the 38.2% Fibo rate of $4,820. Shortby Goose960
SP500 Current CFD Market Outlook | Analyzing Trends and ForecastWelcome to our latest analysis of the S&P 500 index! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the ever-changing landscape of stock market trading. Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the S&P 500's trajectory. From fundamental factors such as economic data releases and corporate earnings to technical analysis tools like moving averages and trendlines, we leave no stone unturned in our quest to provide you with a comprehensive market outlook. Whether you're an experienced trader or new to stock market investing, this video offers valuable insights into the S&P 500 index. Stay ahead of the curve with our expert analysis and stay tuned until the end for actionable strategies on how to capitalize on potential market opportunities. Don't miss out on this essential guide to the S&P 500 market – hit the play button now and empower yourself with the knowledge needed to succeed in stock trading. Be sure to like, share, and subscribe for more updates on stock indices and financial markets!Short00:56by Josebill0
A little bit lower for SPX500USDHi traders, Last week SPX500USD did exactly what I've said in my outlook. After a correction up to rebalance into the FVG it made another drop. For next week this pair could go a little lower into the HTF FVG but I think the correction down is almost finished. Trade idea: Don't trade at the moment. 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! EduwaveShortby EduwaveTrading2
S&P To Stay Rangebound Next WeekComing into the penultimate April trading week, we ended the last week with a massive drop in NVIDIA. Overall, stocks were not really a happy place last week. Kinda depressing. Anyway, we got a lot of expectations of a bounce, continuation of the move, etc...Given the dearth of information with the FED blackout, lack of economic data releases besides BOJ and PCE at the end of the week, S&P will be rangebound from 4930-5050 this week. We will be trading on this information.by RedridgeCapital0
SPX500 Waiting For Buy SetupThe monthly timeframe appears to be bullish, while the weekly timeframe is showing bullish signals as well. However, the daily support has been broken at 5170.9 and the price is currently heading towards the weekly support at 4701.6. Despite this, the higher timeframes still seem to be bullish and it is likely that this is just a retracement. At the moment, the market is overbought. I remain bullish and plan to wait for a buy setup on the H4 timeframe.Longby Obreezy50
Buckle Up, Bulls? S&P 500 Chart Hints at a Shaky RideRising Wedge Pattern Breakdown in Focus This analysis examines the S&P 500 daily chart, focusing on a potential trend reversal signaled by a rising wedge pattern breakout. Pattern Recognition: A rising wedge pattern has been developing on the S&P 500 daily chart since October 2023. This pattern is characterized by price movements confined within a trend channel with rising upper and lower trendlines. Breakout and Target: A recent price drop suggests a possible breakdown from the rising wedge pattern, indicating a potential shift from an uptrend to a downtrend. The breakdown projects a target level of 4400 for the S&P 500. Gap as Potential Support: Interestingly, the target level of 4400 coincides with a gap on the chart. Gaps represent areas where trading activity was absent, and they can sometimes act as support or resistance levels. In this case, the gap at 4400 could potentially provide support if the price falls to that level. Need for Confirmation and Additional Considerations While the breakdown from the rising wedge suggests a potential downtrend, it's important to acknowledge the need for confirmation. This could come from: Increased selling volume accompanying the price decline. Signals from other technical indicators that reinforce the bearish outlook. False breakouts from wedges can also occur, where the price dips below the support line but then reverses course and moves back up. It's crucial to consider the broader market context and economic factors that might influence the S&P 500's overall direction. Conclusion The S&P 500 daily chart displays a potential bearish scenario based on the breakdown of a rising wedge pattern and a target level of 4400. However, confirmation signals, the possibility of false breakouts, and the overall market sentiment require careful consideration before reaching any definitive conclusions. Further Steps Monitor price action around the 4400 level and the rising wedge's support line. Look for confirmation of a downtrend through increased selling volume or other technical indicators. Consider broader market factors that might impact the S&P 500's direction. by ParabolicP3
S&P 500 S&P 500 is pull back because now it goes so high . S&P 500 need Pull back before it go higher. I may go down until the Demand Zone because that Position is he same With High and low . EMA 200 is Up Trend S&P 500 Will Up Again.Shortby kimhou0961
SPX 500 IndexCorrection As you know, Market is inside a correction, and I suppose it will extent next week as well. First support was at about 5000 and low chance reaction to it. Next support will be at about 4800- 4820 and in my view, it can be a strong one for ending correction. Next week the market is going to be wavier because of releasing reports. I am waiting for the end of week to get a sure decision for getting new positions. Shortby pardis2210
Correction is coming 2024...but BLACKSWAN in 2026 or 2035?It's been 5 years since the last time Ive published an SPX idea and also the last time I entered a SHORT POSITION .(Please check my 2019 post) COVID and OIL Carnage(went to negative price! LOL!) was the BLACKSWAN. I was staring at my P/L goes UP while watching the world go DOWN and Im thinking to myself. How the fck is this world going to recover? Can the market bounce back? How long before everything goes back to normal? So I went straight to grocery and yeah I Bought some toilet paper and food coz im not getting out of my place unless If I need to. While being quarantined in our tiny apartment, me and my wife decided to watch the Avenger: Infinity War. And one of my favorite scene was when Thanos killed and destroyed Gamora's planet, gave her a knife and said "Perfectly balanced as all things should be." This MARKET NEEDS a CORRECTION. Exuberance AI stocks NASDAQ:NVDA NASDAQ:AMD needs to be destroyed. AS A BULLTARD, My guts is telling me that after this CORRECTION DOWN it will also have a VICIOUS bounce UP to the 5000 area. Ive started an SPX short position last Friday(1/26/24) and will be patiently waiting for a RED WEEKLY CANDLE to double down just as I DID in 2019. I will cover in tranche when RATE CUT starts. 2024:CORRECTION when RATE CUT starts 2026:BLACKSWAN? Hopefully not 2035: Definitely a BLACKSWAN is coming!!! Shortby petpauUpdated 7742
S&P 500 Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook: Upon completing the Outer Index Dip 5045, per the Daily Chart Analysis for the week of April 12, Spooz witnessed a decline in this week's trading session, leading to the Key Support level of 4950. The current market trends indicate that the index will experience an upward Dead-Cat rebound, targeting our Mean Resistance level of 5057. However, the downside risks cannot be ignored, and the index may continue its decline to reach the strategic Outer Index Dip at 4865, which is expected to act as a catalyst for reigniting its bullish trend. by TradeSelecter3
S&P500 Uptrend$5000 level is the target of this uptrend. Weekly chart shows that recession It is too early! EMA-150 and EMA-200 is used on this chart to determine the trend... Also we have bullish MACD divergence !Longby ilia.gobadzeUpdated 5511
📈 SPX Uptrend Broken, Downtrend Confirmed!We are going to be looking at it through the moving averages and keep it simple this time... How are you feeling today? I am hoping you are having a wonderful Saturday. Based on what I am seeing in this chart, next week will be a super bloody, full blown red week and that's ok; the market moves in waves... We are talking about the stock market, the S&P 500 Index (SPX). ➖ A rounded bottom pattern in October 2023 led to a very strong bullish wave. The bullish wave or uptrend is marked by price action happening above EMA10 and EMA21. ➖ The S&P 500 Index just produced a rounded top pattern, which is the inverse of the rounded bottom, and is ready to crash lower. This last statement is based on the fact that a continuation already took place after EMA10 and EMA21 failed as support. ➖ One final signal: As the SPX trades near its All-Time High, the daily RSI is weak, becoming weaker and moving lower with no support. This after four months of distribution. 👉 The main target for this drop sits around ~4,500, a more than 11.1% drop. There will be support on the way down and there is also the possibility of prices moving much lower. We will have to wait and see how it all develops and adapt as the bearish wave unfolds. One thing we know for sure, it can last just 2-3 weeks just as it can last 8 months... That's how shaky right now things are. Namaste.Shortby AlanSantanaUpdated 7763
Apple's Massive Divergence: Fluke? or Warning of Imminent Crash?Since Mid-December the Tech-Giant Apple appears to have fallen out of favor with investors as of late with the lawsuits piling up & rampant selling, while other tech companies & etfs as a whole continue to either grind or rally higher, which makes some sense with the AI Boom (Bubble) continuing on, but doesn't make sense because apple should be benefiting from something like this because historically apple & spy/qqq have for the past 10+ years had near 1:1 correlation, Which brings up an interesting discussion: could this be an isolated incident with a single company while leaving the overall market intact? or is this a warning sign to an eventual large selloff or even ai bubble bust/crash? by CryptoGuy234Updated 1
👀 Three Black Crows. Bear Market Candlestick PatternThree Black Crows is a term used to describe a bearish candlestick pattern that can predict a reversal in an uptrend. Classic candlestick charts show "Open", "High", "Low" and "Close" prices of a bar for a particular security. For markets moving up, the candlestick is usually white, green or blue. When moving lower they are black or red. The Three Black Crows pattern consists of three consecutive long-body candles that opened with a gap above or inside the real body of the previous candle, but ultimately closed lower than the previous candle. Often traders use this indicator in combination with other technical indicators or chart patterns to confirm a reversal. Key points 👉 Three Black Crows is a Bearish candlestick pattern used to predict a reversal to a current uptrend, used along with other technical indicators such as the Relative Strength Index (RSI). 👉 The size of the Three black crow candles, timeframe they appeared on, the gaps when they opened, the downward progression sequence, as well as their shadows can be used to judge whether there is a risk of a pullback on a reversal. 👉 The “Three Black Crows” pattern should be considered finally formed after the sequential closure of all three elements included in it. 👉 The opposite pattern of three black crows is three white soldiers, which indicates a reversal of the downward trend. But maybe more about that another time. Explanation of the Three Black Crows pattern Three Black Crows is a visual pattern, which means there is no need to worry about any special calculations when identifying this indicator. The Three Black Crows pattern occurs when the bears outperform the bulls over three consecutive trading bars. The pattern appears on price charts as three bearish long candles with or without short shadows or wicks. In a typical Three Black Crows appearance, bulls start the time frame with the opening price or gap up, that is, even slightly higher than the previous close, but throughout the time frame the price declines to eventually close below the previous time frame's close. This trading action will result in a very short or no shadow. Traders often interpret this downward pressure, which lasted across three time frames, as the start of a bearish downtrend. Example of using Three black crows As a visual pattern, it is best to use the Three Black Crows as a sign to seek confirmation from other technical indicators. The Three Black Crows pattern and the confidence a trader can put into it depends largely on how well the pattern is formed. Three Black Crows should ideally be relatively long bearish candles that close at or near the lowest price for the period. In other words, candles should have long real bodies and short or non-existent shadows. If the shadows are stretching, it may simply indicate a slight change in momentum between bulls and bears before the uptrend reasserts itself. Using trading volume data can make the drawing of the Three Black Crows pattern more accurate. The volume of the last bar during an uptrend leading to the pattern is relatively lower in typical conditions, while the Three Black Crows pattern has relatively high volume in each element of the group. In this scenario, as in our case, the uptrend was established by a small group of bulls and then reversed by a larger group of bears. Of course, this could also mean that a large number of small bullish trades collide with an equal or smaller group of high volume bearish trades. However, the actual number of market participants and trades is less important than the final volume that was ultimately recorded during the time frame. Restrictions on the use of three black crows If the "Three Black Crows" pattern has already shown significant downward movement, it makes sense to be wary of oversold conditions that could lead to consolidation or a pullback before further downward movement. The best way to assess whether a stock or other asset is oversold is to look at other technical indicators, such as relative strength index (RSI), moving averages, trend lines, or horizontal support and resistance levels. Many traders typically look to other independent chart patterns or technical indicators to confirm a breakout rather than relying solely on the Three Black Crows pattern. Overall, it is open to some free interpretation by traders. For example, when assessing the prospects of building a pattern into a longer continuous series consisting of “black crows” or the prospects of a possible rollback. In addition, other indicators reflect the true pattern of the three black crows. For example, a Three Black Crows pattern may involve a breakout of key support levels, which can independently predict the start of a medium-term downtrend. Using additional patterns and indicators increases the likelihood of a successful trading or exit strategy. Real example of Three black crows Since there are a little more than one day left before the closing of the third candle in the combination, the candlestick combination (given in the idea) is a still forming pattern, where (i) each of the three black candles opened above the closing price of the previous one, that is, with a small upward gap, (ii ) further - by the end of the time frame the price decreases below the price at close of the previous time frame, (iii) volumes are increased relative to the last bullish time frame that preceded the appearance of the first of the “three crows”, (iv) the upper and lower wicks of all “black crows” are relatively short and comparable with the main body of the candle. Historical examples of the Three Black Crows pattern In unfavorable macroeconomic conditions, the Three Black Crows pattern is generally quite common. The weekly chart of the S&P500 Index (SPX) below, in particular, shows the occurrence of the pattern in the period starting in January 2022 and in the next 15 months until April 2023 (all crows combinations counted at least from 1-Month High). As it easy to notice, in each of these cases (marked on the graph below) after the candlestick pattern appeared, the price (after possible consolidations and rollbacks) tended to lower levels, or in any case, sellers sought to repeat the closing price of the last bar in series of the Three Black Crows candlestick pattern. Bottom Line 👉 As well as in usage of all other technical analysis indicators, it is important to confirm or refute its results using other indicators and analysis of general market conditions. 👉 Does History repeat itself? - Partially, yes.. it does. This is all because financial markets (as well as life) is not an Endless Rainbow, and after lovely sunny days, earlier or later, dark clouds may appear again, and again. Educationby PandorraUpdated 7
Sell in May, return another day. The truth.No doubt everyone has heard a variation of the phrase: “Sell in May, return another day.” In Wikipedia it is written: “Sell in May and go away is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the other months. In such strategies, stock holdings are sold or minimised at about the start of May and the proceeds held in cash” If we are to take this at face value then we should be unwinding out long positions until the Autumn. What does the chart say? On the above monthly chart of the S&P 500 each vertical line marks the month of May going back to 2012. That is a dataset of 12. The facts: 1) The following month, June onwards, 10 from 12 periods returned positive price action of not less than 10%. Selling in May was a bad choice. 2) 2015 and 2022 saw corrections of 15% from May onwards. However in both examples the correction was erased within 12 months as the index continued the uptrend. In summary, 83% of the time a minimum return of 10% was seen before the year end. Amazing odds. Furthermore, corrections up and until the end of May (like we’re now seeing) represented some of the best long opportunities. Will say elsewhere what level this is. Sell in May go away? I suggest it should be: Buy in June and watch boom! Ww by without_worries191971
SPX - Take Care Out There 😨SPX This week SPX collapsed out of the long term pitchfork and news of more war appears to have triggered this bearish reaction. I think this will make a 0.382 retracement as a minimum now an could even be much more 🤨. Not adviceShortby dRends3511
AI's Cool, but will there be a rug pull? I've seen a lot of people bearish on AI stocks hate a lot on things like ChatGPT or AI image tools. I think they're awesome. But is the AI rally setting up a rug pull? Let's look at the evidence to suggest there might be. In this post I'm going to cover lots of the rug pull setups pending over the markets. Note: These are patterns that are expected to create rug pulls if successful. Failure of them usually implies strong counter move. If these signals fail I've bias towards parabolic moves. AIQ. An ETF for AI. Looks like the textbook harmonic top. Matching with the huge versions of this in indices. Read the below price for a more in depth explanation of what we can expect from harmonic patterns. NVDA is the poster boy for the AI rally and NVDA is now getting into the area where even a really bullish forecast I think would be calling for a correction. Below is an Elliot forecast on NVDA at 500. Forecasting a high around 1,000 with a bit of spike tolerance. In that forecast, this would put in the ABC correction somewhere around here. www.tradingview.com In a more bearish forecast NVDA could be in a mega bubble and have a long way down. SMCI has been getting a lot of attention from it's hyper impressive gains, but might this be a butterfly top? Everyone got so excited about AI that even IBM went up. For the first time in a decade. But might that be a bat/crab? These are all big red flags and it's important to note the nature of harmonics is a complex structure. Four swings have to happen and start and end exactly where they do for the harmonic pattern to form. Now we have all of these big structures coming together on lots of big charts all at the same time. That's notable! When lots of big harmonics form something is going to happen. Either there's going to be a spectacular failure in which we should expect to see markets even stronger than they've been recently or we're heading into a brutal rug pull setup. In almost all instances big harmonics resolve like this. Boom if they break, bust if they work. Then we have things like the BTC trend breaking for the first time ever in 2022. Now being up to spots where there'd be a big rug pull reversal if it turned out there'd actually been a change in trend in BTC and we were in a huge bull trap. ETH still trades around the classic bull trap levels of 76-86 retracements. Final spike patterns from 2022 bull analysis hitting. Hitting on the indices. SPX In the Darling stocks. AAPL The small caps. Even the things people loved to hate, like CNVA. And all of this is happening inside the context of market previously going parabolic on rising interest rates. A condition that has happened before every instance of a major indices crash in the last 40 years. ============================================================================= And the best of it is ... no one cares. Everything things everything is just dandy. Now, it might be. The failure of the confluence of bear signals we have right now would seem to be most dandy indeed - but this is a risky zone! We have a lot of conditions warning us a rug pull might come. Shortby holeyprofitUpdated 4421
SPX: Going Lower1w and 1Month returns have already turned Red like the three weekly candles. Next week we will have the 3 Month returns turn red and .... Rate Cuts are out of the horizon...so why invest!! Shortby SWFguy0
SPX bigger pictureSP:SPX bigger picture - no bear case until you have a few closes below 4400. Instead of trying to time the top - it will be obvious once the trend has changed - plenty of time to join then. For now - trend is still up in the bigger picture - UNTIL you get a few closes under 4400 and below this long term wedge. There is the potential to just melt up into new ATH and 5000+ There is also the potential to drop back to 3500 As traders need to pay attention to important levels. No bear case until couple closes below 4400. If we get a couple of closes UNDER 4400 a SHORT triggers and we would target 3900-4200. If that area falls - then 3400-3500 area is next. If we get a couple of closes ABOVE 4600 a LONG triggers and we would target ATH at 4818.62 then slow melt up into 5000-5300.by Jovan888Updated 6
SPX1. SPX going bottom off this falling wedge right now in my opinion. 2. Falling DXY and USOIL are helping our case too. 3. Going be a great day for CRYPTOCAP:BTC and US Stocks. 4. Also Middle East Finally settling down. Longby PistolPeteno13
Mid April: Market pullbacks, inflation concerns; critical levelsIn April, the markets navigated a sluggish terrain, witnessing pullbacks from the record highs achieved in March for both the S&P 500 and the Dow. Meanwhile, the NASDAQ experienced a marginal dip, bolstered by specific technology stocks. Persistent concerns surrounding inflation lingered, exacerbated by the latest Consumer Price Index data revealing a 3.5% annual increase in March, with core inflation climbing to 3.8%. These figures, coupled with inflation data surpassing expectations, tempered anticipations for immediate interest-rate adjustments. Our analysis pinpoints a notable development as the US stock market dipped below the critical 5141 level, meriting close observation. Signs suggest a potential further descent, potentially to close a gap, presenting a prospective opportunity for traders. We recommend traders monitor these levels vigilantly for insights into market trajectory and potential trading prospects, particularly surrounding the 4982 gap level. This juncture could serve as a pivotal support or resistance zone, contingent upon price action and market sentiment. Diligently tracking these benchmarks can furnish invaluable guidance for making well-informed trading decisions amidst the current market landscape. by Vestinda2