SPX 500 - This engine is about to turn overNot getting the kind of reaction I was expecting. I still expect a move down, but I believe there's enough warnings that we're going to start a large rally soon for a few weeks or even into end of summer.
500
SPX 500, the march to 3600sAnd probably lower, but one step at a time. Friday was a bull trap as I suspected, but believe me last night when they pumped it to 3850 I wasn't happy.
We should get a reaction at open to test that red trendline, but to me that would be an objective short. but there's no reason to think about covering shorts until we hit the yellow structure line again - around 3690 or thereabouts (previous support)
SPX 500 - that C spirit may be short lived Very possible we are going to have just one more down before a larger counter trend rally. The market is feeling extremely exhausted, and even today's fed rally was weak. That tells me that the "buy the dip" crowd is gun shy and that also means that a buy opportunity may be very soon for the minority. Structural target looks like 3600-3550, could be next week.
Two scenarios for the S&P500 index for 2022-2023
More theory
A diagonal triangle is always subdivided into five waves.
An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat.
A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag.
Waves 1, 2, 3, 4, and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into zigzags.
Wave 2 never goes beyond the start of wave 1.
Wave 3 always goes beyond the end of wave 1.
Wave 4 never moves beyond the start of wave 3.
Wave 4 always ends within the price territory of wave 1.
Going forward in time, a line connecting the ends of waves 2 and 4 converges towards (in the contracting variety) or diverges from (in the expanding variety) a line connecting the ends of waves 1 and 3.
In a leading diagonal, wave 5 always ends beyond the end of wave 3.
In the contracting variety, wave 3 is always shorter than wave 1, wave 4 is always shorter than wave 2, and wave 5 is always shorter than wave 3.
In the expanding variety, wave 3 is always longer than wave 1, wave 4 is always longer than wave 2, and wave 5 is always longer than wave 3.
In the expanding variety, wave 5 always ends beyond the end of wave 3.
Best regards EXCAVO
SPY price Analysis May 23rd- SPY SETTING TO DUMP Spy is setting its self up for another sell off- I'm shorting down to 380.
S&P 500 E-mini Future ( ES1! ), H1 Potential for Bearish ContinuType : Bearish Continuation
Resistance : 3986
Pivot: 3944
Intermediary Support: 3860
Support : 3831
Preferred Case: With price within the ichimoku cloud resistance, we have a bearish bias that price will drop to our support in line with the horizontal swing low support and 78.6% fibonacci projection from our pivot in line with the horizontal swing high resistance and 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 61.8% Fibonacci retracement. Take note of intermediary support at 3860.
Fundamentals: Stocks have been under pressure since the start of the year as investors have dumped stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession, with spillover effects from the war in Ukraine and the possibility of a slowdown in China from a rise in COVID-19 cases adding to the angst. Due to this, we currently have a bearish bias on the index.
SPY - S&P 500Yo!
Elliot waves with fib levels.
possible outcome using fib levels.. pure technical..
remember macro economics still looks bad..
Have a nice week and Good Luck,
t347
AMEX:SPY
SPY price Analysis May 11th. The markets are bipolar once again! What you can expect from here is the market to continue to go up to the range of 430-440. If the market sells off what you can expect is 340-350 being tested. So there is money to be made both ways! I'm leaning more towards the bullish side since we have sold off significantly.
S&P500 2008 and 2022Technically, we are repeating the same movement as in 2008. Breakout the trend line - test - and continuation of the fall.
Fundamentally - the war in the center of Europe. The potential risks of aggravation of the situation and involvement of other countries. The probable default of many countries and sanctions that hit on both sides. Rising prices for oil and gas. Many predict hunger, lack of products, and as a result - an even greater rise in food prices.
Best regards,
EXCAVO
Spy Bipolar? Whats the market doing? What a crazy week!!! I hope everyone didn't lose too much money this week, I know this price action is crazy and it is only going to get worse. Im currently long and eyeing 430s to test and gap fill.
SPY FINALLY DUMPS!!!! Whats Next??? Happy Sunday!
Market has finally chosen a direction and it seems that the bears are taking over. Monday is a very important day because we will find out if the 412 Level HOLDS!
TRADE IDEA SPDR S&P500 HEY GUYS, I HOPE YOU'RE ALL DOING WELL.
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple plans to be cirtainedif anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational biase on top of your own analysis.
like for support!!!!
S&P 500: Will bulls step in??US500 looks bearish at the moment but the bulls have an opportunity to take offense mode and flip the trend. - HH
Eth Fractal ShortWeekly Ethereum fractal short targeting $500. Bearish momentum divergence also suggests huge downside potential.
AIOZ USD My Estimate Price Will Be 500.00 AIOZ/USD Estimated Price Will Be 500 By Year End. Why? WEB3 & META verse. Network of the future fast reliable unlimited bandwidth ; ) . The following coins use AIOZ Network's ETH Token algorithm and proof-type: Binance USD, Polygon, Crypto.com Coin, Dai, Parkgene, Chainlink, DREP, DREP , FTX Token, THETA, Decentraland, Theta Network, Fantom, Axie Infinity and Aave.
Quietly buy this one up. Shhhhhh. Don`t tell everyone now. Don`t be late.
S&P 500 : FUNDAMENTALS + TECHNICAL SCENARIO FORECAST | SHORT 🔔S&P 500 retreats from 4600 on a dismal market mood, on Russia-Ukraine conflict
The S&P 500, the Dow Jones, and the Nasdaq Composite recorded losses in a risk-off market mood, courtesy of Russo-Ukraine tussles.
Russia insists on receiving natural gas payments in roubles, threatens to block proceedings in euros/dollars.
Gold and the greenback are rising, while US Treasury yields and oil are trading in the red.
US equities are recording losses in the North American session as Wall Street is about to finish March on a lower note. The S&P 500, the Dow Jones Industrial, and the tech-heavy Nasdaq Composite are falling between 0.30% and 0.43%, each one sitting at 4,576.32, 35075.94, and 15,014.01 respectively
A negative market mood weighed on US equities
A risk-off market mood courtesy of Russian President Vladimir Putin, and continued fighting between Russia and Ukraine, keep grabbing the headlines. Russian President Putin signed a decree establishing natural gas trade rules, like payments in roubles, new proceedings in euros and US dollar could also be blocked. If demands are not met, current contracts will be halted.
Meanwhile, the greenback rose on the headline. In fact, it remains firm, as portrayed by the US Dollar Index, up 0.43%, sitting at 98.256. Contrarily, US Treasury yields continue falling for the second consecutive day, down four basis points, down at 2.316%.
Aside from this, Utilities, Consumer Staples, and Real Estate are the leaders of the trading session, up 0.69%, 0.34%, and 0.27%. The laggards are Communication Services, Financials, and Consumer Discretionary, down 1.14%, 1.02%, and 0.78%.
In the commodities complex, the US crude oil benchmark, WTI, is losing 5.27%, trading at $101.73 BPD, weighed by news that the Biden administration would tap 1 Million BPD from the SPR oil reserves for a period of six months. Precious metals like gold (XAU/USD) are rising 0.61%, exchanging hands at $1944.55 a troy ounce, boosted by a risk-off sentiment.
The US economic docket featured the Fed’s favorite gauge of inflation, the Core PCE for February, which rose by 5.4% y/y, lower than the 5.5% estimated, while US Initial Jobless Claims for the week ending on March 26 increased by 202K, higher than the 197K expected.
On Friday, April 1, the US Department of Labor will reveal the Nonfarm Payrolls report for March. Even though the NFP is one of the most important economic indicators, now that the Fed is focused on inflation, it has taken a backseat, except for Average Hourly Earnings, which could shed some light on rising inflation.
SPY price Analysis April 1st SPY price Analysis April 1st
If you have any questions, feel free to comment down below!
SPY price Analysis March 18th SPY price Analysis March 18th
Feel free to comment down below if you have any questions
SPY Nearing Ceiling of Channel on 4 hrStill some juice left I believe.
Watch for trendline rejection which coincides with mid Fibonacci Bollinger Band.
Alternatively, watch for test followed by bounce of support / resistance flip and close above mid bollinger to confirm short term bullish bias.
S&P 500: Volume Profile 📊 and Price action analysis 📋On S&P 500 is nice to see strong buying reaction from the price 4420, there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Resistance zone from the past + Uptrend + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
ALT SP 500 WAVE STRUCTURE IS STILL VALID So I posted this about aweek ago and should be one of the two top bullish patterns I will know within 10 td
WAVE B TOP ?? ALT WAVE 1 UP OF 5 Based on a PCT wave a and C up are equal in the sp 4772 in the sp 500 And in QQQ at 403 area I do not feel the long side is valid Based on the charts of VT WORLD INDEX and IWM I will not be short as started . As the bullish alt also can be counted as a double ZIG ZAG down and the nysi reached near the target of a move 950 to 1100 . I will post ASAP if I SEE the best count .BEST OF TRADES . WAVETIMER
