Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal...
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...
Technical Analysis and Outlook: The index reached our projected Mean Res 5200 and swiftly jumped higher to press on to our Key Res 5260 and anticipated outcome of Outer Index Rally 5280; this upside move will trigger a strong squeeze pullback to Mean Sup 5178 and 5108. However, Spooz could go down to hit the two Mean Support levels from its current position...
SPX500 Wave 4 ( Red Circled) is an expanding flat wave pattern, where wave (B)( blue) could reach 5530 +/- before losing 15.98% +/-
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
On the chart, the bearish trend is expected to reach 5280 and 5266 if the price remains below the pivot point of 5300. However, if a break above 5,300 is confirmed by a 4-hour candle close above that level, it could target higher levels 5311, 5328 and then 5345. Key level: Pivot line :5300 Bullish line :5311, 5328, 5345 Bearish line :5280, 5266, 5220
Back near resistance line formed by 1929 and 2000 tops, acted as resistance in 2022.
Optimistic Market Forecasts: Analysts and strategists, such as those from Deutsche Bank and Infrastructure Capital Advisors CEO, have made bullish predictions for the S&P 500. Deutsche Bank's forecast for the S&P 500 to reach 5,100 in 2024, and Infrastructure Capital Advisors CEO Jay Hatfield anticipates the S&P to reach as high as 5,500 points by the end of...
The 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”). ...
This is what I'm seeing rights now a regular flat of wave 4. it might push to 5350 as an expanded flat wave. 5350 will be the invalidation of the idea of wave 4.
S&P500 has turned bullish on the 1D timeframe (RSI = 58.980, MACD = 2.870, ADX = 28.757) as today it is trading and will most likely close over the 1D MA50 for the third day in a row. Having crossed over the LH, the index has invalidated the bearish sentiment of April and a new Channel up is emerging. If it capitalizes on the 1D MACD Bullish Cross, we expect the...
SPx New Forecast The price reversed and stabilized at the bullish zone because already at the pivot line which is 5120, so stability at this area means will continue the bullish trend to get 5177 and then will move between 5177 and 5120 till breaking should stable under the pivot zone which is between 5120 and 5103 to be downtrend till 5080 Pivot Line:...
Please pay special attention to the very accurate trend, channels, and colored levels. Its a very sensitive setup, please be careful. BEST, MT
If it breaks the resistance, its new target will be 5375 level according to the Fib channel. However, my opinion is that it will get a reaction from resistance and pullback to the rising trend line.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
Today's focus: SPX500 Pattern – Continuation Support – 5211 Resistance – 5267 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SPX500 on its daily chart. Today, we wonder if the SPX500 can maintain its current bullish bias and possibly test or break all-time highs. Yesterday, buyers fought back after the PPI data, helped by...
#US500.. S&P - market very well holing his supporting areas and grinding higher highs. now market still consolidate from last couple of sessions, keep close it guys because if market hold his current resistance area that is 5235 around then drop expected from here, keep close it and don't be lazy here..
us 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.