sp500 wyckoffanalysing on the weekly and daily chart i see an accumulation forming and the formation of a sos , bullish outlook for the start of week however next week could bring a bearish end so take care when approaching the daily poi not financial adviceLongby sayrylparraUpdated 112
Weekly Outlook - 27/04/2024Last week brought huge earnings reports for some of the big US tech companies, with mixed reactions. We saw META lose 7% during the previous week after a great earnings report, and Alphabet (GOOG) soaring 10% on Friday. Next week, we will see earnings from Amazon (Tuesday) and Apple on Thursday as well as other large cap earnings reports. Will the market be pricing in higher earnings off the back of last week's form? First, let's observe the broader markets... S&P 500 SPX looks to have created a bearish break of structure. I am anticipating a retrace into the pattern, at approximately $5,200 (around a 2% up move), at which point, the price may look to reverse to the downside. We can find confirmation for this on the RSI, where the momentum, which was holding at ~40, was broken and bulls are clearly losing power for the time being. DXY The DXY (or dollar index) is inversely correlated to the S&P 500. To put it simply: dollar goes up; stocks go down, and vice versa. In this image, you can see that the DXY has broken down from the highs and is looking to retrace. We have already seen a throwback into the consolidation pattern, and are now looking for the dollar to retrace...thereby adding confluence to the fact that stocks will see a rise in the early days of the week AAPL For AAPL, it is simple. A break below $165.67 would cause a major impulse to the downside, targetting ~$149.50. However, with current momentum, what I believe is more likely is a retrace to between $186 and $191 (an increase of nearly 10% and 13% respectively). For this to happen, a clean break of the swing high at 178.36 would need to occur. That's all for this market outlook. In conclusion, I am looking for a declining dollar and rising stocks in the early part of next week. Let me know what you think. Cheersby joshuashepherd8771
140 years of spx price in goldThis very rare event only happened 3 previous times in 140 years! Bookmark this chart, as it's one of the most important macro cycle chart out there. #Spx priced in #Gold's 7 year rate of change giving a very clear indication that a precious metals bull era can embark. Oh man!by Badcharts8
The market is growing emotionalYesterday’s financial print in the United States revealed a notable decrease in the GDP growth rate on a quarterly basis, coming down from 3.4% in 4Q23 to only 1.6% in 1Q24. This figure was well below market expectations of 2.5%, which spooked investors and led to a sudden drop across U.S. stock market indices. Nevertheless, by the market close, the SPX recovered all of its losses and staged a rally following the announcement of Alphabet and Microsoft’s earnings in the aftermarket. Both companies reported good results, seeing revenues and net income rise by significant percentages on an annual basis. Amid Alphabet’s plans to conduct a share buyback worth $70 billion and pay the first dividend ever to its investors, the company’s shares rose by more than 12%. Meanwhile, the reaction to Microsoft’s results was more subdued, with shares soaring slightly more than 2%. However, despite stocks soaring after the closing bell, the continuous S&P 500 E-mini Futures showed that the price failed to break above the 20-day and the 50-day SMA, which just recently produced a bearish crossover; both of these moving averages continue to act as important resistance levels. In addition to that, although RSI, MACD, and Stochastic reversed to the upside on the daily chart (after the preceding weakness in stocks), they are not necessarily outright bullish yet. The overall picture is mixed. Illustration 1.01 Illustration 1.01 depicts the 1-minute chart of the ES1! (S&P 500 E-mini Futures). Yellow arrows highlight the time of financial print release and earnings announcement. Illustration 1.02 The illustration above shows the daily graph of the ES1! (S&P 500 E-mini Futures) and two simple moving averages, the 20-day SMA and the 50-day SMA. The yellow arrow indicates a bearish crossover between the 20-day SMA and 50-day SMA, a typically bearish sign. One interesting thing to note here is that despite the broader market rising after the big earnings announcement after the closing bell, the ES1! has not broken above the mentioned moving averages. Technical analysis gauge Daily time frame = Bearish (turning neutral) Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators. 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 serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade. by TradersweeklyUpdated 12
S&P 500 Daily Chart Analysis For Week of April 26, 2024Technical Analysis and Outlook: The index reached our Mean Res 5057 and valiantly surpassed it, indicating further upside potential to the Inner Index Rally target marked at 5175. From that point on, turning downwards to Mean Sup 5013 is a strong possibility. A further down trajectory is marked as Outer Index Dip 4865. by TradeSelecter1
SPX ReversalSPX has formed an inverse head and shoulder pattern in the presence of divergence signal which indicates a trend reversalLongby ruba_hasan960
Key zone SP500 - ES //30.5-point stm. Keep an eye on $NQKeep an eye on $NQ_F it's leading the reversal and is at better Resistance. Intermediate Neutral-Bearish by southsiderealtrade1
USA500 Looking for highs or is it going to fall?Today, as a good Friday of results, the US market started upwards with the expectations of the 7 majors providing bullish joy in its premarket, despite the fact that important companies such as Intel or Hertz are not giving good data in their quarterly report. Mostly technology and services stocks have had mixed results, but the Oil & Gas sector has been homogeneous marking losses in its production process due to tight business margins. Alphabet (+12%) being the top performer, followed by Microsoft (+4.3%), Snapchat (down -25%), Intel (-8%) being that it disappointed investors, Exxon (-1%) and Chevron (-0. 4%) as their gas margins have been tighter than expected, Philips 66 (-5.6%) reported worse results in crude refining margins, and finally Hertz Global (-5.1%) reported considerable losses, Centene (+3.1%) improved its expectations. Today we have PCE Consumption and Personal Income and Spending reports, as well as consumer sentiment from the Michigan Fed, which may be key to what America thinks of its national consumption. On the other hand, refiner Baker Huges will provide its extraction report which is often used as a yardstick to measure extractive capacity in hamburger country. In this case, expectations are expected to be low and this could affect the sector of the most affected companies in this last quarterly balance. If we look at the technical section, the S&P500 has 1.32% left to recover the trading area where it was located on Monday, April 15, if it breaks that price zone, we can see if it is looking for new highs. Although clearly the RSI marks 58.47% and does not seem to want to continue rising strongly having had such strong oversold areas in recent weeks. In fact, its control point is much lower, so it is likely that it cannot seek new highs without disarming the price strongly even to reach prices of early December 2023. Ion Jauregui - AT Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. UShortby ActivTrades2
SPX500 shortSpx now is at 5153 it could continue to go up till zone B ( 5202-5221) then continue to fall to zone c For short entries wait until reach zone B Trade is activated If SPX continues to raise 5240 This trade is canceled Hope you all get rich soon Shortby MetabAlmutairiUpdated 1
US500 Is Bullish! Buy! Take a look at our analysis for US500. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 5039.2. Considering the today's price action, probabilities will be high to see a movement to 5120.2. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 111
S&P500 Quick buy trade.The S&P500 is approaching the 1D MA50 (red trend-line) to test it as a Resistance for the first time after the April 15 bearish break-out. It has already broken above the Bearish Megaphone, the 4H RSI has formed a Channel Up similar to the price action's and so far this sequence of events is fairly identical to the previous correction of August 2023. That sequence almost touched the 0.786 Fibonacci retracement level before pulling back again, so we have ourselves a solid short-term bullish target. In fact we are placing ours a little lower at 5150, which represents a +4.70% rise from the bottom as that is not only the % rise that the August 2023 rebound returned but will also make contact with the 4H MA200 (orange trend-line). ------------------------------------------------------------------------------- ** 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 TradingShot1122
S&P 500 Rebounds after Negative GDP NewsS&P 500 Rebounds after Negative GDP News Data released yesterday showed US GDP growth slowed to 1.6% in the first quarter of the year. According to ForexFactory: forecast = 2.2%, past value = 2.4%. Reaction to the news sent the S&P 500 mini stock index (US SPX 500 mini on FXOpen) sharply lower as market participants may fear a period of stagflation — a period when economic growth slows and inflation remains stubbornly high. Speaking at the Economic Club of New York on Tuesday, JPMorgan Chase CEO Jamie Dimon warned investors: “Stagflation has the negative effect of lack of growth and inflation. It hurts profits, consumers and jobs. And yes, I think there is a chance it could happen again,” he said. However, this morning the 4-hour chart of the US SPX 500 mini shows that the stock market is recovering thanks to gains in Google and Microsoft, which reported strongly after the close of the main trading session. According to the technical analysis of the US SPX 500 mini: → the price forms a V-shaped rebound pattern from the lower border of the ascending channel (shown in blue) → this rebound can also be considered as a test of the April 19-22 range and the market’s “unpreparedness” to fall below the psychological mark of 5,000 points. That is, the situation looks like a correction to the lower border of the channel as part of the 2024 rally, after which the logical development of the scenario would be an attempt by the bulls to resume the upward trend and try to attack the level of 5,250 again. How successful will the attempt be? From a technical point of view, valuable information about the seriousness of the bulls' intentions can be provided by the ability of the US SPX 500 price to return to the upper half of the channel and consolidate above the resistance at 5100, which approximately corresponds to the 50% distance from the bearish A→B impulse. From a fundamental analysis point of view, of course, we need signs that the US economy will avoid stagflation. According to an analysis by Ben Carlson of Ritholtz Wealth Management, between 1966 and 1981, a period spanning much of the stagflation era, investors in the US stock market lost more than 35% of their capital, CNN writes. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen228
SPX gonna test bear channel trendlineHi Traders. Using different TA such as Fibs, channels, and EW, I show where the SPX could test the bear trend upper trendline tomorrow especially if we get cooler inflation with the PCE. Longby TheUniverse618111
Bear Flag to S/R Flip old ath 480 spxWe are flagging out at the moment on spx/spy. Target is 480 old ATH that was never S/R flipped or back tested. This would also give us a bull div on the daily for the next leg up to 5500-5600 spxShortby rileksonUpdated 1
The low is in?VIX Keltner and regression channels, along with VIX/VIX3M and the trend index of VIX and the S&P indicate we've reached a local low. TVC:VIX SP:SPX CBOE:VIX3M by Ben_1148x21
Mini bear market expectingExpecting the rate cut is delayed until next year (until some bad eco news), so Nov and Dec time market would be expecting huge cut with huge upward movement expected. Shortby Purvee1
US500 index. Head & Shoulder Pattern appearing but no divergenceOn 4 h scale Head n Shoulder pattern appearing ; however, I do not see any divergence on RSI. Therefore, it is not likely to reverse; But anyway I wanted to show Head and shoulder pattern therefore, I have drawn the pattern and mentioned the entry, Stop loss and TP, but not going to take the SHORT trade. Just sharing for education purpose. by Golden_Spur1
SPX 4400 by end of May, and go awaySell In May may be in fashion this year. 4400 in sight. right at TL, right at 50% retrace, like machines were guiding it, or AI? Shortby claydoctor1
SP500 going to 5150 by May 2Sp500 bounced from the trendline set april 10th also hit the 0.618 fib, now it will probably retrace to the 0.618 fib set from previous ath the current low. Longby andyduly0
SP 500 intermediate - Bearish Balancing after a large move is normal we had 3 rotations down, tail and V reversal - possible end to big move anything can happen next, so don't assume things where are we in the days range? where are we in the 8 day range? how are other markets doing?Shortby southsiderealtradeUpdated 1
WAVE B LOW or 2 both are bullish net long 40 % now So the chart posted is that of the spx cash , We peaked right into the min fib target of 5088 and we have now dropped in what is so far a 3 wave drop ?? if we hold this would be labeled a wave B low and we would see a move above 5088 likely target is 5109 in a abc flat. See p/c model calling for another sharp up move . Best of trades WAVETIMER by wavetimer2
Summer RUN - Time to take the money?Tomorrow 04/25 14:30 USD Continuing Jobless Claims 1,810K 1,812K 14:30 USD GDP (QoQ) (Q1) 2.5% 3.4% 14:30 USD GDP Price Index (QoQ) (Q1) 3.0% 1.7% 14:30 USD Goods Trade Balance (Mar) -91.10B -91.84B 14:30 USD Initial Jobless Claims 214K 212K In case of the above mentioned data signaling no cool-down in the inflation pressure I suggest you to cover SP500 long position. Shortby ElGatoTradeUpdated 221