SPX Potential for Bullish Continuation | 29th November 2022On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Looking for a buy entry at 4031.44 , where the 61.8% Fibonacci line is. Stop loss will be placed at 3907.07, where the previous low and 50% Fibonacci line is. Take profit will be at 4177.51, slightly above where the 78.6% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
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SPX Potential For Bullish ContinuationThe overall bias for SPX on the H4 chart is bullish . Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. I'm looking for an immediate buy entry at 4031.44, which is the 61.8% Fibonacci line. The stop loss will be set at 3907.07, the previous low and 50% Fibonacci line. The take profit point will be at 4177.51, just above the 78.6% Fibonacci line.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SPX Potential for Bullish Continuation | 28th November 2022On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish. Looking for an immediate buy entry at 4031.44 , where the 61.8% Fibonacci line is. Stop loss will be placed at 3907.07, where the previous low and 50% Fibonacci line is. Take profit will be at 4177.51, slightly above where the 78.6% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
S&P 500 Futures ( ES1! ), H4 Potential for Bullish ContinuationTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 4173.25
Pivot: 3913.25
Support: 3751.75
Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud, indicating a bullish market. If the bullish trend continues, price may move towards the 4173.25 resistance level, which contains the 78.6% Fibonacci Fibonacci line.
Alternative scenario: Price could retest the pivot line at 3913.25, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
SPX Potential for Bullish ContinuationThe overall bias for DJI on the H4 chart is bullish. Furthermore, the price is above the Ichimoku cloud, indicating a bullish market. I'm looking for an immediate buy entry at 4031.44, which is the 61.8% Fibonacci line. The stop loss will be set at 3907.07, the previous low and 50% Fibonacci line. The take profit point will be at 4177.51, just above the 78.6% Fibonacci line.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SPX Potential for Bullish Continuation | 25th November 2022On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Looking for an immediate buy entry at 4031.44 , where the 61.8% Fibonacci line is. Stop loss will be placed at 3907.07, where the previous low and 50% Fibonacci line is. Take profit will be at 4177.51, slightly above where the 78.6% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
S&P 500 Futures ( ES1! ), H4 Potential for Bullish ContinuationTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 4173.25
Pivot: 3913.25
Support: 3751.75
Preferred case: We have a bullish bias on the H4 chart. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. If the bullish momentum continues, price may move towards the 4173.25 resistance level, where the 78.6% Fibonacci Fibonacci line is.
Alternative scenario: Price may retest the pivot line at 3913.25, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
S&P 500 ( ES1! ), H4 Potential for Bullish ContinuationTitle: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 4173.25
Pivot: 3913.25
Support: 3751.75
Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is.
Alternative scenario: Price may fall back down to retest the pivot line at 3913.25, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
S&P 500 E-mini ( ES1! ), H4 Potential for Bullish MomentumTitle: S&P 500 E-mini Futures ( ES1!), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 4173.25
Pivot: 3913.25
Support: 3751.75
Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance line at 4173.25 where the 78.6% Fibonacci Fibonacci line is located.
Alternative scenario: Price may go back up down to retest the pivot line at 3913.25, where the 50% Fibonacci line is located.
Fundamentals: There are no major news.
S&P 500 INDEX 04 nov 2022 Long Term Analysis (Daily Time Frame)Hi everyone,
Here is my 04 November 2022 long term S&P 500 INDEX analysis. #SPX
To date ( 04 Nov 2022) I have deduced that the market offers two scenarios. The first one (the most likely one in view of the geopolitical and economic conditions from a macroeconomic point of view) would be a continuation of the decline. I have estimated this scenario to have an 80% chance of success, either from a technical point of view or 25 out of 26 indicators are either neutral or bearish. Or from a macro economic point of view where today we have just learned that the unemployment rate is back on the rise (3.7%).
The second scenario, less likely, would be to follow the rise of the second half of October, then succeed in reversing the trend and breaking the descending channel in order to resume a long-term uptrend. 20% chance of success.
RED SCENARIO:
Personally and in view of the different technical and economic factors I think that the red scenario has a better chance of being realized.
It is not unlikely in the coming months that we will return to test the support area of $3550 or even that we break it to continue the decline. The economic conditions to continue the decline are mostly met, they will remain to break with high volume down this support area while remaining in the channel.
Once this support zone is broken, we have a very high probability of testing the support line of $3235 and why not that of $3000.
However, beware of the latter, which is a psychological level that is very popular with traders.
And finally if the conditions have not improved by then, or even worse have deteriorated. We could "maybe" have a continuation of the decline to the low reached during the covid, ie to the resistance zone of $2250
This final hypothesis is really to be taken lightly.
BLUE SCENARIO:
Much less evident the blue scenario is still not impossible, it would require however many conditions which are for the moment not present.
The first and most important would be global economic conditions (Decrease of embargoes with Russia, Decrease of interest rates, Decrease of inflation, Decrease of unemployment rates etc...)
Secondly and simultaneously it would be necessary that the technical indicators begin to consider a reversal (Important RSI divergence in Daily see in weekly, crossing of the mobile averages etc...)
And thirdly, and strongly helped by the first two conditions, the price should break the bearish channel with high volume to consider a possible reversal.
During this break we would have a strong chance to observe a reversal pattern and probably a strong RSI divergence.
If all these conditions are met, then we could envisage a long-term upward turnaround.
Conclusion:
For now the S&P500 is bearish and has a strong chance to continue its fall in this bearish channel, however we do not lose hope to see a reversal happen in a few months/years. For that we will have to respect some conditions but as we know in the financial markets, nothing is impossible.
If you have any questions, I remain at your disposal in the comment space.
VIX overlay on on SP 500 reveales Micheal burry prediction. I overlaid the VIX on top of SPX. Lets take a look at history and some realistic poinst to bounce from mania phase. The SP500 is performing better than the nasdaq. We are about to have a death cross of the weekly 50 over the the 200 ema/sma, on weekly candle on both indexes. I did a over lay on the nasdaq as well and posted. VIX hasn't even spike. Technical analysis says all hell is about to break lose. Professional analysis on cnbc and such, are permabulls. I checked my TA against Michea Burry prediction. And came up the the same figures. Good luck. Don't hedge into crypto. DXY control sp500 (spx, spy), and btc is just another sector of spx, so don't hedge into crypto. If the market goes down, so will crypto.
SP-500 : We are already in a recession!We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C.
A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail.
Best regards,
EXCAVO
SPXThe euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down.
A single euro bought $0.998 on the foreign exchange market at 12:45 GMT, down by 0.4% in the day's trading.
Fears that Russia may restrict Europe's supplies of energy have increased the chances of recession in the euro area.
The European Central Bank has lagged other central banks in raising rates, further weakening the euro.
Currencies tend to rise when the relevant central bank increases interest rates, as international investors eye a larger return for holding assets priced in that currency.
The dollar has also been strong in recent months, buoyed by the US central bank raising interest rates, and investors seeking the safe haven of dollar assets in times of global turmoil.