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Snp500

SXP 500 index: Terribly terrible day. The shock is yet to come. Today we're here to talk about the SPX 500 index Today: The index is trading at 3900 and in the last trading session we saw a sharp drop from the local maximum. Here's the link I mentioned earlier. Now is the worst time to buy in the market. The market is in for a huge sale. Today we are waiting: Today we are waiting for an attempt to move to the level of 37 50 - 38 00. What I recommend: If you want to go short: Short positions are better to open on the market, but limit your losses. If you want to buy: Longs is prohibited. Positions must be liquidated. If you are not in the market: You can try to go short or wait until the market bottoms around 3550-3500 and then buy. 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. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
5
Stocks Obliterated as Inflation Data is Priced inStocks got slammed as investors in the APAC session price in soaring US CPI inflation data released on Friday, which came in at a 40 year high. The markets are also reevaluating the Fed's rate hike trajectory in light of these numbers . Barclay's anticipates a 75 bps hike now, and bond yields have soared. The S&P 500 has gotten crushed, slamming through all of our support levels in the 3800's and the 3900's. We have even breached the low established with the head of our inverse Head and Shoulders pattern from back in May, and dipped past relative lows from the end of May after the inverse H&S failed. We are currently hovering just above 3792. If we break this level, we will test lower levels in the 3700's starting with 3758. The Kovach OBV is on a solid bear decline but appears to be starting to level off, suggesting we may range a bit and find footing at current levels. We will meet strong resistance from relative lows at 3867 in the event that stocks pivot off current levels.
FX:SPX500Short
by quantguy
3
ES1! SPX500USD 2022 JUNE 13 Week ES1! SPX500USD 2022 JUNE 13 Week Last week a long awaited breakdown followed after Scenario1 rotation, and market tested lower level at 4031 before heading south. Possible Scenarios are considered: 1) Short on retracement 2) Rotation 3 Test of T1 / T2, Reject and short Weekly: Ave vol, higher than previous bar's EwR bar closing at low = supply remains, also exhibited commitment to lower prices. Daily: Ave vol down bar closing at low = supply remains H4: Ave vol down bar closing off low = some demand present Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4303 4204 4071 3943 3902 3855 3720 *3913-4000 (previous high demand area) Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
#ES Futures 06.10.22 Daily Overview and Levels to WatchYday we were waiting to see if we will have enough supply to break T+2 Low and Key Support at 4084.50-4077.25, move took quite a while to get going as we still had plenty of buyers to fill at the support area, to be honest I already started to think it wont happen so missed the whole ride down but we did break support and sold off right under our next Key Support of 4030.75-4025.25, ideally I wanted to see upper levels hold and not reach this support if we were to make a move back out today but that did not happen and it does make sense as we had 7+ Days of inventory built up in that range. So far we flushed and took back the whole move that was done on lower volume before Memorial day which tells us that we ran the price up to sell the product that was acquired lower. Question today is do we continue to head lower since we are set to open below T+2 low and should still have plenty of inventory above to get some Margin call selling or will we find support here and get back over 4030.75-4025.25 to get back to the area where we sold off from. Currently Globex inventory is short and built up below our Key Level and waiting for CPI to move. On The Upside today if we get back over 4030.75-4025.25 and can hold that area it tells us that yesterday sell off was just built up inventory coming out and we could see it rotate back up towards 4046-4042.25, 4061.50-4056.50 and possible to reach and test that Key level of 4084.50-4077.25 to see if sellers are still there, our T+2 low is 4105 and we expect selling from below that area so have to monitor each level for continuation. On the downside failure to get over the Key Level and hold can bring us lower to 4012.50-4008.75, 3994.50-3988.75 and next Key Support at 3976.50-3971.50 if going down with good volume and we break that support then we can head lower to 3957.25-3953.25, 3944.25-3940.25 and 3931.75-3927.25 as we do have plenty of supply built up above and we will be looking for buyers.
CME_MINI:ES1!
by HollowMn
Stocks Finally Break DownStocks have finally broken out of the range they have been holding since the end of May. The S&P 500 has remained confined between 4068, the neckline of our failed inverse head and shoulders pattern, and 4214. The neckline of the inverse H&S is a strong technical level and the fact that we have broken down past it is not a good sign for stocks. We found support below after crossing the vacuum zone to 4009. This is the last technical level of the 4K's. After that, we have 3978. The Kovach OBV has turned bearish, but it is likely that we will range for now, establishing value at current levels. If we are able to rally, 4068 should provide strong resistance, and should be considered a price target for tnose looking to trade the range.
FX:SPX500Short
by quantguy
2
S&P500 Broken DownUsing the SPY now to demonstrate (instead of the futures). The 4H chart shows better details of the breakdown IMHO. You see, since the end of May, the SPY had been surging and dipping, and then early June the upper end of the range tightened a bit, forming a nice triangle. Typically, a triangle like this in a recent uptrend acts like a pennant or flag, and breaks out to a higher target. Thing is, yesterday morning opened with a gap down and then the afternoon session ended the day in an avalanche style slide. This sliced through the very critical gap support (red rectangle) and broke down out of the triangle decisively with a LONG MARUBOZU candlestick. This represents strong momentum, and I would not ignore it. Had mentioned in the weekly outlook about NQ1! / NASDAQ is heading down... similarly, the last low should be revisited. Technical indicator (MACD) is already getting ready to cross into the bear territory yet again... hinting that for the rest of June, the downside risk prevails imminently.
AMEX:SPYShort
by Auguraltrader
SPX500 short term moveThe weekly candle closed bearish, I expect it to move until 4000 at least. On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated. I think we should have some sideways movement for few months. Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
OANDA:SPX500USDShort
by Future_Wei
4
Will Stocks Breakout Soon??Volatility in stocks has continued to consolidate, and we are broadly forming a pennant pattern. We are seeing consistently lower higs, starting from 4214, which is the level we must break before attempting higher levels. The neckline of our failed inverse head and shoulders pattern at 4068, seems to be providing good support, and lows have recently tended just above this level. The Kovach OBV is still fairly flat, so we will need a lot more momentum to properly break out. We must break through 4214 before we can consider higher levels and hit our next target of 4306. If 4068 fails to provide support then 4009 is our next level of support.
FX:SPX500
by quantguy
#ES Futures 06.08.22 Daily Overview with Levels to WatchYday I was short biased and thought we will have enough supply to flush Key Support at 4084.50-4077.25 but I did mention that if we do no break support and reach next level down then we can see a rotation back to 4103.25-4099.75 and 4123.75-4119.25, because of the short bias I did not think we will get back to Key Resistance at 4143.75-4137.50 and extend to next level up but I have been telling myself that we are in this 4170-4070 range since last week and will be that way until we see clear moves out with continuation. So far we are tightening up the range/coiling up looks like for next move out, we are getting lower highs and higher lows with tighter ranges since 27th which tells me we are just spending time cleaning up still and filling orders. Today we have our inventory long above our Key Resistance of 4143.75-4137.50 but also short from yesterdays close. Tricky spot here, we can see another day of tighter range if we do it should be between 4157 area below our 4168-4162.25 level and around our 4103.75-4099.75 area maybe 4090ish. Of course we watch level by level for order flow at those levels to see if we have enough to break and keep going or not so have to keep all possibilities open. On the upside holding above 4143.75-4137.50 can give us 4168-4162.25 that is our T+2 high and if we break it and extend then can see more buy ins and upper levels are 4191-4185.50 and next Key Resistance at 4020-4214.75 but T+2 high is important reference that must break in order to see continuation up. On the downside if we get under 4143.75-4137.50 then we can see 4123.75-4119.25 and 4103.25-4099.75 which is also our T+2 Low area that we will need to see break in order to get a chance at Key Support of 4084.50-4077.25 and lower levels, with T+2 High and T+2 Low being at the very spots we think that we might stall and tighten is another reason I think we might have a smaller range day again and tighten up more. Of any of those references break with volume then its a good sign for continuation because we have a week worth of inventory built up already, but might not happen until Thursday/Friday as we said we don't have any market moving events till then. Days like last few weeks its very important to not over trade and manage expectations in the trade.
CME_MINI:ES1!
by HollowMn
S&P 500 Consolidates the Range SlightlyThe S&P 500 has continued the range between 4068 and 4214 or so. The upper bound of this range seems to be waning, with lower highs possibly suggesting we may be forming a bear wedge or flag. Either way, volatility does seem to be consolidating slightly, which in the long run portends a breakout. The Kovach OBV is drifting up, which may signify a bull divergence, potentially giving bulls some hope. Keep in mind there is a vacuum zone below 4068, which is the neckline of our inverse head and shoulders pattern that failed early May. If we break this, we are clear to test the lows of the 4000 handle again.
FX:SPX500
by quantguy
#ES Futures 06.07.22 Overview and Levels to WatchYday we tried to extend out of our Key Resistance at 4143.75-4137.50 and as mentioned pre market holding above that level should give us a test of 4168-4162.25 BUT reaching T+2 high at 4179 was the what we were looking at for continuation higher which we failed to do and came back in under our Key Resistance which was the first sign of weakness, we did sell off from Key Resistance but we only had enough supply to reach and break 4123.75-4119.25 level and inability to get to 4103.25-4099.75 told me that we will not test the lows at that time. For Globex I was looking to see if we can down in this area and get under T+2 low at 4096 and we did which tells me we have supply and we are under T+2 low so we can expect some more selling, how much is the question. Today if we get under Key Support at 4084.50-4077.25 then that can give us a test of lower levels, a lot of people will be looking for a big break down from here but I will be cautious because the position is still below us and we are still inside the range from the 27th that is sign of strength to me so I will be monitoring lower levels for response if we do break support and head lower, on the downside we have 4061.50-4056.50 and 4046-4042.25 where I do want to see us hold ideally, if going down big volume then can also reach next Key Support at 4030.75-4025.25. So far market is still in balance in our 4170-4160 range but we should have enough supply built up to flush the Key Support and see how much comes out. On the upside if we do not break Key Support and reach next level down at 4061.50-4056.50 then we can see a rotation back to 4103.25-4099.75 and 4123.75-4119.25 where we should see sell response or if we break support and come back in with volume. As stated in Sunday weekly overview I would like us to flush this 4084.50-4077.25 level and then come back into this range for better confirm, will it all happen today or happen at all we will have to see in RTH. 4143.75-4137.50 has been my Key Resistance and 4084.50-4077.25 Key Support for a week now and it will stay so until we break and reach next Key Levels.
CME_MINI:ES1!
by HollowMn
#ES Futures 06.06.22 Overview and Levels to Watch for the DayFriday we got a close in the middle of our 4143-4077 range, Globex failed to continue lower and break 4103.25-4099.75 level and reach Key Support at 4084.50-4077.25 instead we got a push over our Key Resistance at 4143.75-4137.50. Question today is do we hold above our Key Resistance and get continuation higher or do we come back in? We are currently inside our T+2 Range and inventory is long from Fridays Close, do we see a correction to the inventory or will this move hold and keep going. I am more on the cautious side today but failure to reach lower levels is a sign of strength and if we did clean out all the sellers above then could see a continuation today. On the upside holding above Key Resistance of 4143.75-4137.50 could give us a test of 4168-4162.25 then will be watching if we can reach T+2 high at 4179 if that goes and we get through 4191-4185.50 then we can see our next Key Resistance tested at 4220-4214.75 and maybe levels above but T+2 High area will be the tell if we get there. On the Downside getting back under 4143.75-4137.50 is our first sign of weakness and can give us a test of 4123.75-4119.25, 4103.25-4099.75 and always possible to see a run at T+2 low and key Support area of 4084.50-4077.25. Overall still seeing indecision and market doesn't feel clean for a move out yet but keeping it open and just monitoring for continuation at the levels to see if we accept or not.
CME_MINI:ES1!
by HollowMn
📊Why do the trading patterns work?Hi friends! Probably all traders began their career by learning the trading patterns. A trading pattern is a price movement pattern in a certain range. Generally there are 2 types of patterns: candlesticks (shooting star, hammer, bullish or bearish engulfing) and figures (triangles, channels, flags, head and shoulders, etc.). The number of them is constantly increasing, through the change of market, but there are up to 50 main patterns. 📊So why do the trading patterns work? The answer is very simple - because many traders use them in trading. Imagine a traffic light with a red light🔴 According to the rules all drivers who have the same signal stand waiting for a green light✅ Here, it lights up and allows all cars to move in the right direction. It's a clear rule, not only in your country, but in all the countries in the world. The situation is the same with trading patterns. Let's imagine that a chart is a road, and a pattern is a light. The price rises or falls and a pattern is formed. You have determined that it is a bullish pattern, such as a bullish wedge. Of course, you are waiting for the wedge to move to the upper boundary and break it up, that will be a signal to open a trade (green signal to move✅). At the same time, all the drivers (read as "traders") begin buying with you and pushing the price higher and higher. Why do traders do this? As I said in the beginning, patterns, like the rules of the road, are learned by all traders, regardless of nationality, this is the general rule, that is why these patterns work. 📊In what cases do they not work? As you know, most people in the market can't be right. Conventionally, if everyone opened a long and bought Bitcoins at $50,000 and the price went up to $100,000, then someone should have bought those Bitcoins from you for 100% more. If everyone held a long, there would be no one to sell and no one would make a profit in the end. That's why there are always 2 sides in trading: buyers and sellers. With the increasing popularity of patterns, most traders and especially beginners who first study patterns began to open trades according to these rules and .... took a loss. Patterns work especially badly on the cryptocurrency market, which shows how young this market is. But why? All because most cannot be right when trading patterns, otherwise no one would make money. 📊What should I do if I trade only paterns? I would recommend adding more rules to your trading strategy. These can be different trading tools, filters which will help you to remove "fake" signals and increase win rate. For example, trade not the triangle pattern, but its false breakout using a volume indicator: 1️⃣A false breakout in most cases shows that the price will not go in the direction of the breakout, as there are too many willing to open a trade in the direction of the price movement. 2️⃣The volume indicator will show the actual number of buy and sell orders. If the volume at a false breakdown of the lower boundary of the triangle has increased - this tells us that the price is more likely not to move down, as there is serious support there. This is the simplest example. You can also use indicators, additional trend lines, candlestick or fundamental analysis. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
Education
by Yuriy_Bishko
6
Incoming months for S&P500A mid-year check of the S&P500 futures ES1! show an uncanny resemblance to the beginning of 2008. This has been reiterated by many already over the recent months, and it appears to continue as outlined by others too. In the monthly log chart, there is an eerie resemblance that might bring the S&P500 to 2600-2800 levels, if by a similar magnitude to 2008-2009. Market conditions are different, but even on a longer term monthly chart, you see the uncanny comparison. Do not know what to make out of this, but on a probability basis, only two major outcomes... First, is that it would follow similarly, hence 2600-2800 becomes a reality. Second, it would break the pattern, and this would take something rather extraordinary to trigger it. Either way, in the coming months, we can be expecting a single or a series of extraordinary events that would put the above two outcome scenarios in play... watch for it!
CME_MINI:ES1!
by Auguraltrader
#ES Futures Review for the week 06.05.22Last Tuesday I was doing a review and saw that Friday the 27th we broke into a balance where we still had plenty of supply over 4143.75 and our position is below 4084.50 which told me that we will most likely spend some time around here to consolidate before we can confirm direction for the next move, Tuesdays close confirmed that more and I gave myself a range we could possibly stay within which was 4170-4060 so we can clean things up and get ready for the next move, especially with it being the beginning of a new month I was looking for the range to tighten up which we started to do, we made an attempt to get out of 4170 Thursday but that move was sold and we went back towards the smaller position that was between 4100-4077, failure to reach 4077 for now and filling orders below it is a sign of strength for my MGI, it tells me that so far its just inventory moving and not LTF sellers. It takes time after large moves to clean things up, take care of business and confirm next move. We don't really have any market moving events until Thursday/Friday so I will be cautious in the beginning of the week because we are still closing within range and this is where it can tighten more or attempt stop runs before it chooses direction. This week I want to see if we attempt a break down under 4084-77 and come back in without reaching the next Key Support around 4030-25 to trade it from 4084 back up to 4137-43 and possible move higher to 4220-4214+ area or failure to take out 4084-77 and get back over 4143 to make a run at 4220-4214+. This week the only shorting locations I am interested in is if we get back to 4143-37 area without extending from it or if we lose 4046-42 and clear break and continuation on 4030-25.
CME_MINI:ES1!
by HollowMn
ES1! SPX500USD 2022 JUNE 06 Week ES1! SPX500USD 2022 JUNE 06 Week Last week market rotated between 4071-4204. No resolution between Supply and Demand has been reached. Will wait for early week to see if any market direction will emerge from it. Possible Scenarios are considered: 1) Market rotates between 4204-4071 = wait 2) 4204 becomes support for long 3 4071 becomes resistance for short Weekly: Ave volume down bar close off low = minor strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4303 4204 4071 3943 3902 3855 3720 *3913-4000 (previous high demand area) Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Proposed Bullish momentum on SnP500Prior to last Friday's reaction during Non-Farm Payrolls, the SnP together with its counterpart indices has indicated a possible bullish direction. This is evident upon the examination of the structural integrity of the above mentioned assets. Structures created over a 14 day period, hints to an intention by market participants to seek higher pricing. Further to this, it was assumed that should the SnP provide additional indicative price behavior of bullish continuation that it would be ideal to look for longs. In the past 6 days we can see an established bullish continuation structure ranging in the outer parameters of the overall highlighted bullish shift in the asset. Last Friday's reaction in the market have presented a favorable opportunity and it is likely, from a technical and probabilistic perspective, that we may see an impulsive bullish move to the upside in the coming days/weeks. Trade safely and best of luck! Cheers.
CAPITALCOM:US500Long
by UnknownUnicorn34908408
#ES Futures 06.03.22 Overview and Levels to WatchYday we opened up right under T+2 and got some selling pressure right into the Key Support at 4084.50-4077.25, support held and we saw a rotation back towards the Key Resistance at 4143.75-4137.50 and we were able to break out and hold above it for continuation move to higher levels. In Globex so far we failed at our 4191-4185.50 level and failed to extend and reach the next Key Resistance at 4220-4214.75 and now came back to the previous range resistance and back into T+2 range for today. Question today is do we accept in this range and get another attempt at next Key Resistance or did we sell all the inventory from below in that run up and will come back into previous range to find buyers. On the upside holding above 4143.75-4137.50 is a sign of strength and can give us another test of 4168-4162.25, 4191-4185.50 and next Key Resistance area of 4220-4214.75 and if enough buying comes in the higher levels up to 4234.75-4229.25, 4252.50-4247.50 But have to show signs of strength and get back over T+2 high which is 4165 area. On the downside holding below T+2 high and if we get back under 4143.75-4137.50 then we have some single prints to fill and can test T+2 half back, if enough selling pressure can even bring us down all the way back to Key Support, levels to watch for buyers on the downside are 4123.75-4119.25, 4103.25-4099.75 and Key Support that we had for few days now is 4084.50-4077.25, ideally for us to see a move higher today we dont want it getting under 4123.75-4119.25 but have to give it time and show which way it wants to go.
CME_MINI:ES1!
by HollowMn
Stocks Test Relative HighsStocks caught a strong pivot off of our relative low. The relative low of 4068 is significant because it coincides with the neckline of the failed inverse Head and Shoulders pattern from last week. We saw strong support from this level as confirmed by a double bottom with two green triangles on the KRI. We are not quite ready to call a bottom for stocks and a subsequent bull rally, but the fact that 4068 is holding is encouraging. We noted yesterday that our target for stocks was 4219, which we anticipated to hold as a ceiling for now. Sure enough, stocks are testing highs, falling just shy of our target at 4188. The Kovach OBV has picked up, but not enough to suggest there is much more in the tank. But if we are able to break 4219, then 4306 is the next target.
FX:SPX500Short
by quantguy