This index continues its upward trend and the ceiling of 48,000 will be broken
The price has made its protected floor by hitting its local support and is doing fractal behavior to break the price ceiling.
I watch the market
Not financial advice
After the initial balance, we see that the index continues its weakness and has broken through the 1 Bouhmidi-Bands and the point of control (POC) of Wednesday . Today, the previous day's low and the 1.5 Bouhmidi-Band converge at 5138. A test of 5138 is possible with even a reversal towards the BB range. I also now include TPO charts
S&P 500 Price Consolidates ahead of Earnings Season
On April 4, we wrote that the S&P 500 is showing signs of weakness around the 5,250 level. How is the situation on the stock market developing by today, which is the start of the reporting season for the first quarter?
The S&P 500 fell sharply on Wednesday amid higher-than-expected inflation data.
But the S&P...
basic market structure earning will be in focus which i am expecting banks to beat its been a good year for stocks and many people have been paying off credit card debt because of the high interest and also paying high interest very good thing to look at
SPX500 could fall towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,111.36 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 5,050.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at...
As momentum is drying up for #spx priced in #gold (and close to full break down)...
Hope for a 1995-2000 type of melt-up (in real terms), is evaporating.
The S&P500 index is trading inside a Channel Down.
Every break over the MA50 (4h) forms its Lower High and is a sell signal.
Trading Plan:
1. Sell on the current market price as it is over the MA50 (4h).
Targets:
1. 5125 (expected contact with the MA50 1d).
Tips:
1. The RSI (4h) is on a Rising Support, which is a Bullish Divergence in contrast with the Channel...
Join me as I delve into the intricacies of trend analysis using the Adaptive Trend Finder (log) on TradingView, focusing on the S&P 500 Index (SPX). This powerful tool is my go-to for identifying both short-term and long-term trends, leveraging the robust Pearson correlation method.
Displayed prominently in the lower center (in gray) is the strength of the...
SPX - Nice trend day in play. After defending previous day low we moved higher and breaking previous day high. Bull Puts on 1 + 1.5 sigma #BouhmidiBands working out fine today.
The final idea of this S&P500 series.
Upon market open today, we went into a tight range, where a retracement was expected. We will safely head for TP2 now as price expands.
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- The market has been trading inside a bullish channel since November 2024 ; The long-term trend was then bullish.
- More recently, the latest batch of solid macro data underlying the resiliency of the US Economy, and with the latest CPI report topping expectations, investors have scaled back their hopes of a quick dovish switch from the FED.
This led to a...
US stock indices fell sharply yesterday following yet another hotter-than-expected inflation reading. Headline CPI for March jumped to 3.5% year-on-year, up from the 3.4% expected, and well above the 3.2% recorded in February. The latest reading is the highest since September’s 3.7%, and it has certainly rattled financial markets. Stock index futures sold off...
Short-term traders are trying to be proactive, however technical developments are still required before a "dip in the uptrend" scenario is registered.
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...
S&P has been trading in a range since April 4th sell off.
Neither buyers or sellers have any conviction in trading.
Level to watch: 5217.00 ----5215.00
Report to watch:
EIA Natural Gas Report
10:30 am EST
Here is our detailed technical review for US500.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 5203.9.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5153.7...
* CPI report came out today of 3.4, 0.1 Point higher than consensus 3.3
* Food and durable goods experienced significant gain.. (Egg price went up by 5 percent during this month only... guess no more scramble eggs for the rest of the month fml)
* Other trajectories remained pretty stable from last month.
* Latest PMI report delivered score that is higher than 50...
