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Snp500

SPY turned... hard down!What an eventful week! Well, at least a very eventful Friday! By now, most of us would have read about Fed Chair Powell's comments at the Jackson Hole Symposium. The markets did not take lightly to the stated prudence. Technically, we can see from last couple of week's analysis that the bull rally with old in the teeth, and that last week's SPY chart was a potential reversal, with a likely breakdown, and earlier breakout failure. The dramatic way it occurred tells much of the underlying sentiment. The weekly SPY chart clearly started the week badly with a gap down, following a bearish candlestick pattern last week. Then this bad start to the week worsened a lot more on Friday, with a massive downdraft that had the week clock a bearish marubozu styled candlestick. Bearish with some momentum. The SPY Daily chart made the bearish stance a lot clearer with the massive bearish marubozu on Friday that basically failed support and critically the 55EMA. Technical indicators all crossed under the zero line, supporting the bearish alignment. The breaking of both weekly and daily 55EMA on the same day, with a similar bearish marubozu candlestick is a very clear bearish indicator with momentum that calls for more downside. It is expected that there would likely be a technical bounce, so watch for the bearish turnaround to follow through the price action momentum downwards. Based on volume analysis (not shown here), a likely support range lies between 370-380. Similar to the NASDAQ analysis, there is a possibility for further downside, but not apparent at the moment; so tentative expectation of a higher low is still reasonable.
AMEX:SPYShort
by Auguraltrader
What Jackson Hole Could Mean for StocksStocks pivoted from 4122, where we saw strong support from green triangles on the KRI. Subsequently, we were able to pivot and made a run for higher levels. We have broken past 4188, the exact level we called out as a target yesterday. The Kovach OBV has picked up, but we will likely not see too much action until the Fed's Jerome Powell speaks at the Jackson Hole retreat at 10AM EST. If he sounds dovish, it could be an indication that the Fed's aggressive monetary policy is softening, and we could see a nice rally. If not, 4122 should continue to provide support. After that we have a vacuum zone to 4068 then 4009.
FX:SPX500Long
by quantguy
Stocks Hold Critical LevelsThe S&P 500 has faced a relentless selloff, with Fed expectations, troubles in Europe, and high inflation continuing to impact the economy. We have broken through all support levels in the 4100's, except for 4122, the last level before the vacuum zone below. After that, there is a vacuum zone to 4068, then 4009. The Kovach OBV does seem to have picked up a bit despite the fact that we appear to be hanging on to 4122 by a thread. If we can muster a pivot, then 4188 is a likely target.
FX:SPX500Short
by quantguy
Can Stocks Hold the $4100's?Stocks have continued to tumble, testing lower levels in the 4100's. We have plummeted past 4188, and are testing 4122 at the time of this writing, which is the last level in the 4100's. If this does not hold, there is a vacuum zone below to 4068, then 4009. Support seems to be holding for now, confirmed by green triangles on the KRI. The Kovach OBV seems to have leveled off from its bearish decline, so we may see a pivot off support. If so, 4188 is a reasonable target.
FX:SPX500Short
by quantguy
What Factors Will Weigh on Stocks This Week?Stocks have opened in the Asian session in the red, as the European energy crisis and hawkish Fed expectations weigh on the markets. Additionally, we have several stocks cutting dividends and also several downgrades. We are currently just below 4188, where we anticipated support. We are just above 4178, the next level down, at the time of this writing. If things continue to go south, then we should have further support deeper in the 4100's, 4122 in particular. If we can muster the strength for a rally, then 4214 is the next target.
FX:SPX500Short
by quantguy
ES1! SPX500USD 2022 AUG 22 Week ES1! SPX500USD 2022 AUG 22 Week Previous supply returned for short opportunity. Possible Scenarios are considered: 1) Long if 4704 is supported 2) Short on low vol retracement / channel support becomes resistance Weekly: Ave vol down bar = minor strength Daily: Ave vol down bar close off low = minor weakness H4: High vol down bar close off low = some demand Price reaction levels: Short = Test and Reject | Long = Test and Accept 4368 4303 4204 4071 3950 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
2
S&P Bear RallyS&P500 Peaked 4800, with pull backs to 4630. Current pullback to 4300 and we're seeing a huge drop to close the week. China's earnings report brought some storm to the market, shaking the bear rally. 1. Inflation has not gotten any better - it just stayed flat MoM 2. Rate hikes expected to continue to tackle inflation 3. Market structure still maintaining a down trend 4. Although oil prices had a hard dip but prices are still high compared to prior year. Fairly bullish last 2 days, closing the W candle with a huge bottom wick. If this continues, expecting a higher CPI which will signal inflation still on the table. Energy troubles coming at year end with the winter season. Energy troubles in China, and also many other countries. 5. A lot of news of surrounding lay-offs, being on the cards. Some companies already played the card. And, of course there are more factors pointing to a bearish market. Looking at debt, and the commodity dips. Probably going back to risk-off season, holding the dollar with the expectation of continued rate hikes. Looking to short S&P at key price levels if 4300 holds, alongside market structure. Economic conditions are messy in this current period. Stay adaptive.
OANDA:SPX500USDShort
by geneAnalytics
1
Stocks Facing ResistanceStocks have steadily drifted down from highs at 4327. Retail sales data on Wednesday confirmed the impact that high inflation is having on the economy, and investors are fearing another 75bps rate hike in September. We are seeing a lot of resistance at current levels confirmed by red triangles on the KRI. However, we are also seeing support at 4245, at least for now. If we fall further, then 4188 should be considered a floor for now. We must break out past 4327 to solidify higher levels, which likely won't happen until next week at the earliest.
FX:SPX500Short
by quantguy
Can Stocks Break 4300?Stocks keep edging higher, breaking new relative highs albeit gradually. We broked from 4272 to 4293. The difference between daily highs is decreasing, suggesting a retracmenet could be near. If so, 4214, or 4188 are good candidates for support. If we are able to rally again today, then 4306 is the next target. This would also be the first technical level in the 4300 handle. The market rally seems to be hinging on expectations of a more dovish Fed outlook, especially after the 50bps rate hike expected in September. Housing and retail sales data will help provide a clearer picture this week.
FX:SPX500Long
by quantguy
1
I SPY with my little eye : a RARE SPY candlestick patternGood day! This is an unusual highlight, but I am so excited, and you would read on to find out why... Previously outlined, on 3 August, I played the devil's advocate and looked at a counter trend scenario. In this scenario, the SPY was still below the weekly 55EMA, and could fail to break above, then break down much further. Thing is, the weekly SPY chart is bullish as ever, and it looked possible but somewhat remote. At the beginning of the week, there appeared to be be some stalling and indecision on the SPY daily chart (yellow circle) and, over the last two days, with less than terrible data as expected, the SPY gapped up not once but twice. On Wednesday, the gap up was huge (see left 1H chart), and the day ended with what looked like a Gap and Run . This was followed by another gap up on Thursday, albeit a smaller gap. This was the first remote indication that the rocket to the the moon was about to sputter. As the day wore on, the SPY closed the gap... and very precisely closed the gap, in what is commonly known as Fading the Gap , or what I would prefer to call it - a Gap and Close . Technical indicators on the hourly SPY chart clearly shows a sputtering, perhaps expected from such a sharp rise over the last two days. So, in a Gap and Close, two common outcomes are either, a bullish reopening of the gap by ensuing price action or a bearish confirmation of the gap to remain closed. Here is the more interesting part: On the daily chart, the outcome is a rare candlestick pattern formed, called the Meeting Lines, and in this case, qualifies as a Bearish Meeting Line candlestick pattern , especially when it closed the gap precisely to meet at 419.99, at the apparent top of an uptrend. This is a presumed bearish reversal pattern, and requires a confirmation candle on Friday... yes, Friday, the end of the seemingly bullish week, the last day to determine the week's candle. Daily technical indicators are still territorially bullish but some waning signs are observed with the RPM crossing down, and a short term bearish divergence on the MACD. Furthermore, the volume (8MA, purple line) did not significantly increase nor trend up in support since mid-July. So... Friday is the most indicative day. Is the SPY going to break down (into the earlier gap range, below red support line) or find legs to bounce back and continue the bullish rally? I would be be very cautious , given the above. What do you think... and why? PS. Leading indicators: JNK has a long legged doji, indicating indecision; TLT & TIP appear to have reversed.
AMEX:SPY
by Auguraltrader
11
SPY very bullish on low volumeIt is as clear as daylight, that the SPY is very bullish. The weekly chart closed the week at the very top of the candle, and more importantly above the 55EMA (about the same as the 200 daily SMA), clocking in a new recent higher high. Technical indicators appear to be supportive with MACD crossing over into bull territory. The daily chart shows the mid- to late-week breakout and also Friday's decoupling of the meeting lines candlestick formation with a bullish almost marubozu type of candlestick; almost as if this is a new uptick trend. The RPM is crossing over as the MACD pushes further up. Clearly bullish... at least for now. 417.62 now becomes a critical support.
AMEX:SPY
by Auguraltrader
Think like a PRO and trade at ANY markets🔥Hi friends! Do you want to know what zones I marked on the chart? Put 🚀 and read to the end. In this educational idea I will explain a few traders secrets that will help you stay profitable in any market for the long term. Take Bitcoin as an example and you'll be surprised how often the same mistake is repeated by beginners and understand how professional traders take advantage of it. 📊 But first, let's find out why the psychology of the crowd drives the market Fortunately for professional traders, human psychology has not changed in centuries. Bubbles in financial markets now appear just as they did before the Great Depression🔻in the early 20th century, when stocks rose by hundreds of percent in a month, and just as they did during the Tulip Fever🌷in the 17th century, when the price of tulips really soared to the moon due to the huge demand for the flower. 🚩 This shows the similarity in the thoughts of people in the 17th, 20th, 21st centuries. It is these faults in human psychology that allow the patterns in trading to work and professional traders to be profitable over the long term. Just don't tell anyone about it!) 📊 Why do people tend to panic during a fall and get greedy during a rise? The fact is that our brain tends to paint wishful thinking in our imagination. When a cryptocurrency is rising, the imagination thinks that the price will rise forever, and you get excited just thinking about the possible earning. And the happiness hormones just keep surging. The opposite is the situation with the fall. When markets fall, our brain tries to protect us from more losses and forces us to sell cryptocurrency. 📊 What help the big players to control the psychology of the crowd? Of course, it's the media. Remember when news of the US recession was at its peak and it seemed like a crisis was imminent. Just at the bottom of the market, when Bitcoin fell to $17k and the SnP500 to $361. I may surprise you, but in 2018, 2020 people had identical thoughts and all thought Bitcoin would fall to $1000. The crypto market can fall lower to 10-12k of course, but just interesting to know did any of my subscribers buy cryptocurrency back then or at 17-19k❓Write in the comments./b] 📊 What are the areas on the chart? I marked 2 areas: 🔥The 1st area (white) is the areawhere the majority of traders, especially newbies, want to buy cryptocurrency. I call this " Bitcoin will rise to 1 million" zone. 🔥The 2nd area (green) is the area where most traders sell the cryptocurrency they bought at a higher price. Most importantly, it is where most traders believe that the fall will continue even lower and do not buy, expecting a fall. I call this "Bitcoin will fall to zero" zone. ✅How can you use the psychology of the crowd to your advantage? I can tell you from my own example that a clear strategy and working with indicators helps me. For example DOM and Footprint, where I can see huge whale orders and open a trade in the same direction as a big player. A large order is a clear signal✅, not a psychological speculation because of the news. A few days ago I showed in one of my ideas how Bitcoin rebounded from a large whale order. Bitcoin then grow by 4-5% in just a few hours. I also use trading systems such as Greenwich or Pump Tracker to identify Bitcoin and altcoins bottoms and ATH. You can see ideas about them on TradingView and their live results✅ It may surprise you! 🏁Summary. This knowledges are usefull for any market: crypto, stocks, ForEx, bonds etc. Human psychology and thinking are the same, but each market has its own specifics. Perhaps I will talk about this in the next educational ideas. Friends, was the idea useful to you? Have you noticed such psychological zones? Do you agree with this idea or do you think Bitcoin will fall below $17k? Write in the comments. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
15
S&P 500: High volumes in Asia and new tops of growth to 4350. spx 500 Index Analyst on 8/10/22 Today we're here to talk about the SPX 500 Index What's on the market now: Today the index is trading at 4198. And we saw a sharp increase in the index, after yesterday's short and short correction. The market still has the possibility of the index moving towards the level of 4280. But due to the large number of trading volumes in Asia, I change my views on the market and expect the index to peak at the level of 4350. What I'm looking forward to today: I maintain my positive view on the growth of the index, due to the large volumes in Asia, there is a possibility of the index rising to 4350. Today I am changing my trading recommendations again for today 10/08/22. What I recommend: If you want to go short: Short positions are prohibited. However, a good opportunity would be to go short in the 4280-4350 area. If you want to buy: Buying on the market is prohibited, the market may begin a correction caused by profit taking. If you want to buy the index, then it is better to do it from the level of 4110, but limit your losses. If you are not in the market: If you want to buy, it is better to place your buys at the 4110 level, but limit your losses. Short positions are possible from the level of 4350. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. Subscribe to me and you will always be aware of the movement of the SPX 500 index. See you next time! Goodbye!
SP:SPXLong
by kvatoo_FX
1
How Yesterday's CPI will Impact Stocks and the FedStocks got a pump from CPI data yesterday. The figure came in at 8.5%, one of the highest in history, however the estimate was 8.7%, so it technically fell short of expectations, even though this figure is still well higher than normal. After this reading, the implied probability of a Fed hike of 75bps fell 30%, which gave the markets a green light to rally. Stocks broke above highs at 4188, and are holding in the 4200's, currently testing our level at 4228. The Kovach OBV has leveled off but is still strong. If we retrace, we should have support at our former high of 4188, but if we retrace the range, then 4122 will provide further support. If the rally can continue, then 4172 is the next target.
FX:SPX500Long
by quantguy
SnP500 still has plenty of room to fall. SPXWe are definitely in the middle of a correction on this one and too little time and too little ground had been lost to say that SPX has reached bottom. There is still more to go, and Elliott is showing us exactly that without the need to perform security analysis. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
SP:SPXShort
by Rykin_Capital
2
Bull Wedge In Stocks?Stocks are tending toward the upper bound of the value area, forming what appears to be a bull wedge. We have been flirting with higher levels in the 4000's established from a value area formed back in June. We seem to have a hard upper bound at 4178, but the Kovach OBV is still strong, suggesting that we have a bull divergence. If we break out, then 4188 will provide resistance. If we can break through that, then 4214 is the next target. We should have support from 4122, then there is a vacuum zone to 4068. If that does not hold, we should have strong support at 4009.
FX:SPX500Long
by quantguy
2
SXP500 Index: Waiting for the peak at 4280 spx 500 Index Analyst on 08/05/22 Today we are here to talk about the SPX 500 index What's on the market now: Today the index is trading at 4151. And in the last trading week, we saw a sharp upward movement to our target zone of 4125. This is where a small correction caused by profit taking began.. Now the market is developing a steady movement, I expect that its local top will be around 4250 - 4280, however, if there is a sharp increase, the market will reach its maximum peak at the price of 4350. But today, the price of 4250 - 4280 seems to me the most likely. What I'm looking forward to today: There is a positive mood on the market and there is still a positive background for growth. I expect the market to continue its upward movement to the level of 4250 - 4280. My trading recommendations for the index as of 08-05-22. What I recommend: If you want to go short: Short positions are prohibited. However, a good opportunity would be to open short in the area of 4250 - 4280. If you want to buy: You can buy in the market, but limit your losses. However, a good buy price would be 4050. The market may begin a correction caused by profit taking. If you are not in the market: If you want to buy an index, then you can do it at the market, but limit your losses. Short positions are possible from the level of 4250. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. Subscribe to me and you will always be aware of the movement of the SPX 500 index. See you next time! Goodbye!
SP:SPXLong
by kvatoo_FX
4