S&P500: Future 4 hour chart - April 12th
Updated
S&P500 future – After previous chart analysis March 29th and weekly update April 5th. The price zone of 3980 - 3995 held and the price targets of 4113 and for now 4131 is archived.
Bear scenario:
In case of a setback it is important for bulls to hold the price zone of 3980 - 3995. Should this price zone be undercut, a furhter correction could push the bulls back into our price zone of 3967/45 last chance for bulls. If the bears on a weekly basis undercut 3967/45 the first target price would then be at 3916 and 3875 then 3855/50 – 3778/50
Bull scenario:
Above 4113 next upside targets is at 4135 – 4155 - 4180 – 4200. Upside and downside targets see chart.
Always be prepared and trade one level at a time, as no one knows when we have a high or a low in place. Money printing is flooding into the market and fueling the market higher. As we can see the markets have to melt up before the melt down begins. The last one that occurred was the market panic in February/March of 2020. The volatility is at the lows - this is a typical warning sign when the market is overheated. However, the bullish trend remains strong!
A bear market is when a market typically fall 20% or more from recent highs.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for a pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Bear scenario:
In case of a setback it is important for bulls to hold the price zone of 3980 - 3995. Should this price zone be undercut, a furhter correction could push the bulls back into our price zone of 3967/45 last chance for bulls. If the bears on a weekly basis undercut 3967/45 the first target price would then be at 3916 and 3875 then 3855/50 – 3778/50
Bull scenario:
Above 4113 next upside targets is at 4135 – 4155 - 4180 – 4200. Upside and downside targets see chart.
Always be prepared and trade one level at a time, as no one knows when we have a high or a low in place. Money printing is flooding into the market and fueling the market higher. As we can see the markets have to melt up before the melt down begins. The last one that occurred was the market panic in February/March of 2020. The volatility is at the lows - this is a typical warning sign when the market is overheated. However, the bullish trend remains strong!
A bear market is when a market typically fall 20% or more from recent highs.
If we break resistance it become support If we break support it become resistance. Buy and Sell confirmation: Bull market don’t buy if the RSI is overbought always wait for a pullback. Bear market only sell when the RSI is overbought or wait for a bounce.
Keep it simple and trade with the trend – you will never lose and live 10 years longer!
Note
S&P500 future-April 18th. Weekly update: – After previous chart analysis April 12th. The price zone of 3980 - 3995 – 4113 held and the price targets of 4180 and for now 4187 is archived.Bear scenario:
In case of a set-back it is important for bulls to hold the price zone of 4113/4100. Should this price zone be undercut, a further correction could push the bulls back into our next buy zone of 4105/4095. If the bears on a weekly basis undercut 4100/4095 the first target price would then be at 4035 then 4020 – 4005 - 3995 last chance for bulls. Downside targets see chart posted April 12th.
Bull scenario: Above 4170/4180 next upside targets is at 4200/20 – 4255/65 – 4275/85 – 4300.
Intraday price action will be posted at twitter.
Note
S&P500 future-April 25th. Weekly update – Few changes, after previous weekly analysis April 18th. The price zone of 4100 - held and the price targets of 4194 is archived for now.Bear scenario:
In case of a set-back it is important for bulls to hold the price zone of 4113/4100. Should this price zone be undercut, a further correction could push the bulls back into our next critical support of 4105/4095. If the bears on a daily and weekly basis undercut 4100/4095 the first target price would then be at 4035 then 4020 – 4005 - 3995 last chance for bulls. Downside targets see chart posted April 12th.
Bull scenario: Above 4170/4180 next upside targets is at 4200/20 – 4255/65 – 4275/85 – 4300.
Note
S&P500 future – May 2nd. Weekly update- after previous weekly analysis April 25th I only have some few changes. The price zone of 4113/4100 held – and the price targets of 4200 and 4218 is archived for now.Bear scenario:
In case of a set-back it is important for bulls to hold the price zone of 4120/4130. Should this price zone be undercut, a further correction could push the bulls back into our next critical support of 4105/4095. If the bears on a daily and weekly basis undercut 4100/4095 the first target price would then be at 4035 then 4020 – 4005 - 3995 last chance for buys. Downside targets see chart posted April 12th.
Bull scenario: Above 4200/4220 next upside targets is at 4255/65 – 4275/85 strong setback zone 4300.
Friday S&P500 closed lower If the weakness continues Monday - next turning point is likely on Tuesday.
Note
S&P500 future – May 9th. Week 19 update - after previous weekly analysis May 2nd. I only have some few changes. The price zone of 4120/4130 held – and the price target of 4238 is archived for now.Bear scenario:
In case of a set-back it is important for bulls to hold the price zone of 4200/4180. Should this price zone be undercut, a further correction could push the bulls back into our next critical support of 4113/4095. If the bears on a daily and weekly basis undercut 4113/4095 the first target price would then be at 4035 then 4020 – 4005 - 3995 last chance for buys. Downside targets see chart posted April 12th.
Bull scenario: Above 4200/4230 next upside targets is at 4270 – 4290 possible setback zone above we see 4300/4350/4400.
Sell in May and go away" may not be the best plan in this bull market. June looks more possible when the next cycle begins on June 20th - October 19th. The most important key reversal day is Thursday.
Note
S&P500 future – May 16th. Week 20 update – after previous weekly analysis May 9th. The price zone of 4200/4180 failed, and the index rebound to the price zone of 4035. A rally began Thursday (key reversal day). Friday - we reached 4184 points.Bear scenario: In case of a set-back it is important for bulls to hold the price zone of 4135 Should this price zone be undercut a further correction could push the bulls back into our next critical support of 4105 -4100 then 4095. If the bears on a daily and weekly basis undercut 4095 the first target price would then be at 4080/4055 then 4045 – 4018 - 4005 - 3995 last chance for buys. Downside targets see chart posted April 12th.
Bull scenario: Above 4184 next 4200/4235 then 4245– 4290 - 4300 possible setback zone above we see 4350/4400.
This week´s key reversal days is Monday – Wednesday – Friday. For Bears June still looks more possible when the next cycle begins on June 20th - October 19th.
Note
S&P500 future – May 23rd Week 21 update – after previous weekly analysis May 16th The price zone of 4135 failed, and the index rebound to the price zone of 4061. A rally began Wednesday (key reversal day). Early Friday - we reached 4188 GAP-fill Target.Bear scenario: No changes, in case of a set-back it is important for bulls to hold the price zone of 4135 should this price zone be undercut a further correction could push the bulls back into our next critical support of 4105 - 4100 then 4095. If the bears on a daily and weekly basis undercut 4095 the first target price would then be at 4080/4055 then 4045 – 4018 - 4005 - 3995 last chance for buys. Downside targets see chart posted April 12th.
Bull scenario: No changes, above 4188 next 4200/4235 then 4245– 4270 - 4290 - 4300 possible setback zone above we see 4350/4400.
This week´s key reversal days is Monday – Friday and the most important key reversal day is Wednesday. For Bears June still looks more possible when the next cycle begins on June 20th - October 19th.
Note
S&P500 future – May 30th Week 22 update – after previous weekly analysis May 23rd. The price zone of 4135 held – and the price target of 4221 is archived for now.Bear scenario: in case of a set-back it is important for bulls to hold the support zone of 4180/50 May 18th – 20th – 24th should this price zone be significant undercut a further correction could push the bulls back into our next critical support of 4124 - 4116 GAP Fill (Cash Market) and only below this zone we see 4105 - 4100 then 4095. If the bears on a daily and weekly basis undercut 4095 the first target price would then be at 4080/4055 then 4045 – 4018 - 4005 - 3995 last chance for buys. Downside targets see chart posted April 12th.
Bull scenario: Above 4220/4238 then 4245– 4270/80 - 4290 - 4300 possible setback zone above we see 4350/4400.
This week´s key reversal days is Monday – Wednesday – Friday. For Bears June still looks more possible when the next cycle begins on June 20th - October 19th. New York Stock Exchange closed Memorial Day Monday May 31st.
Note
S&P500 future – June 6th. Week 23 update – after previous weekly analysis May 30th. I have some few changes. The price zone of 4180/50 held and the price target of 4234 is archived for now.Bear scenario: in case of a set-back it is important for bulls to hold the support zone of 4180/50 May 18th – 20th – 24th June 3rd. Should this price zone be significant undercut a further correction could push the bulls back into our next critical support of 4124 - 4116 GAP Fill (Cash Market) and only below this zone we see 4105 - 4100 then 4095. If the bears on a daily and weekly basis undercut 4095 the first target price would then be at 4080/4055 then 4045 – 4018 - 4005 - 3995 last chance for buys. Downside targets see chart posted April 12th.
Bull scenario: Above 4234/38 then 4287 - 4307 – (4350 possible setback zone) a break above next target at 4420.
This week´s key reversal days is Monday and most important Friday. For Bears June still looks more possible when the next cycle begins on June 20th - October 19th.
Note
S&P500 future – June 13th. Week 24 update – after previous weekly analysis June 6th. The price zone of 4180/50 held and the price target of 4250 is archived for now.Bear scenario: in case of a set-back it is important for bulls to hold the support zone of 4220/4208/4205 Should this price zone be significant undercut a further correction could push the bulls back into our next critical support of 4190 – 4180 – 4150 (4124 - 4116 GAP Fill (Cash Market) and only below this zone we see 4105 – 4100. Below last- mentioned level, the medium-term bias would turn from bullish to neutral and downside targets with the lows at 4060/4055 should be planned. Downside targets see chart posted April 12th.
Bull scenario: Above 4250 next goals are at 4260 - 4275 and 4285/90- 4300/07. Only above last mentioned next possible expansion targets at 4350 and 4394 – 4419.
This week´s key reversal days is Monday – Thursday and most important Tuesday. The next important date is June 20th “Solstice. FOMC is Wednesday.
Note
S&P500 future – June 20th. Week 25 update – after previous weekly analysis June 13th. The price zone of 4220 – 4208/05 failed and we made a new all-time high at 4267.Bear scenario: in case of a set-back it is important for bulls to hold the zone of 4150/48 (dotted lines) broadening Bottom support. Should this price zone be significant undercut a further correction could push the bulls back into our next critical support of (4124 - 4116 GAP Fill (Cash Market) and only below this zone we see 4105 – 4100. Below last- mentioned level, the medium-term bias would turn from bullish to neutral and downside targets with the lows at 4060/4035 should be planned. Downside targets see chart posted April 12th.
Bull scenario: Above 4168 and 4188 next goals are at 4200 – 4230 - 4260 - 4275 and 4285/90- 4300/07. Only above last mentioned next possible expansion targets at 4350 and 4394 – 4419.
This week’s key reversal days is Monday – Wednesday and most important Thursday. Solstice Today June 20th.
Chart:
Germany30 and S&P500 Intraday analysis August 23rd. and weekly update 34. Posted at twitter: twitter.com/SP500_Dow
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