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Snp500

Stocks Rally for Fourth Day StraightStocks have rallied for the fourth day in a row. They have gained strength off earnings and the potential of the Fed keeping interest rates unchanged. We are seeing some resistance at all time highs as identified by two red triangles on the KRI. The next target is 4632, but we are likely to see a pullback first. The Kovach OBV is still very strong, but at this point we are looking very over bought. The levels 4580, 4564, and 4545 may all be levels to consider buying back on a possible dip. A healthy correction could take us to 4521.
FX:SPX500Long
by quantguy
Stocks Climb Despite Hawkish Fed and Tech EarningsPoor tech earnings (especially from Intel) and Hawkish comments from Fed's Bostic were not enough to faze stocks. The S&P is still gunning for highs. It has leveled off at 4550. Our next target is at 4564, which could be within reach if we see another move higher. We are looking a bit overweight at the moment, and a technical correction is due. If so, watch for support at 4521 and 4504. The Kovach OBV is extremely strong, so there is no denying the bull trend.
FX:SPX500Long
by quantguy
Stocks Still Strong!!Stocks have pressed higher, but are currently rounding off. We tested 4545, the level we mentioned yesterday, but were unable to break through at the moment. A red triangle on the KRI denotes the resistance. We have since consolidated in a very narrow range between this level and 4521. We are getting strong support here, confirmed by three green triangles on the KRI. The Kovach OBV is still strong, but with this strong rally comes the risk of a technical retracement. If so, we should have further support at 4487 or 4462. If we see another breakout, 4564 is the next level, then we can consider new highs.
FX:SPX500Long
by quantguy
Stocks Rise Ahead of Key EarningsStocks have risen higher despite tapering and inflation worries. We have risen past the 4400 handle and have broken into the 4500 handle, but just barely. We have some key earnings today, so keep an eye on the news to determine if this rally will continue. We are starting to see some red triangles on the KRI suggesting that stocks may be facing some resistance. If so, watch for 4462 then 4400 to provide support. From above, 4521 is the next target. The Kovach OBV is pretty strong, suggesting stocks have returned to bull mode, if but for the moment.
FX:SPX500Long
by quantguy
Stocks Rally but Can they Sustain??Stocks have rallied to the mid 4400's, despite persistent inflation fears and a more hawkish stance from the Fed. We have topped off at around 4462. We came just a few ticks before the next level at 4487, before retracing. Currently, we are holding just above 4440. Two green triangles on the KRI suggest support here. The risk sentiment in the markets is mixed, and neutral at best, so it is likely that stocks will range today, assuming we do not see something change toward the open. The S&P is looking a bit top heavy, so there is more downside risk. If we retrace further, there is a cluster of levels below to provide support but 4408 seems likely to hold as a min lower bound for now.
FX:SPX500
by quantguy
ES1! SPX500USD 2021 Oct 18 WeekYM1! ES1! SPX500USD 2021 Oct 18 Week Don't chase long. Wait for price to return to test lower levels and find acceptance to long. Weekly: Low volume up bar = Weakness. Caution and keep stops tight if long Daily: Narrowing spread, low volume up bar as price approaches previous resistance = weakness. Tighten stops H4: Narrowing spread and effort no result as price moved up. Tighten stops. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4550 4412 4524 4381 4472 4333 4465 4268 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
S&P500 turned bullHave to give it to the S&P500 to turn bullish over the last two days. Had earlier highlighted the daily chart bullish indicators and the worst case intra day based scenario. Clearly the Daily chart trend prevails and more upside should follow to the end of the month. This was not expected, but clearly turned bullish, especially after a nice long bullish candle is followed by another to end the week. This broke above the 55EMA, the downtrend line, and activated a system Buy signal. The technical indicators are just turning up, which suggest that this could be the start of a mini bull to a higher high. Expecting the current resistance level to hold a bit, and with a short shallow pullback some time early-mid next week. Likely continue the trend to the historical high. Now, IF, and when it breaks this... if ever, it would be a seriously ugly fake head. #justsaying (the time lines are there as advance expected turn dates, btw... )
CME_MINI:ES1!
by Auguraltrader
Stocks Drift UpwardsThe S&P 500 has drifted upwards, and is currently testing 4389. At the time of this writing it has barely broken through, hovering in the 4390's. The next target will be 4408. If we can muster the strength to hit that, then 4440 is the next target, a relative high before a vacuum zone to 4462, but we have several levels before 4440, so watch for some resistance before that, unless we get some serious momentum at open. If not, we could retrace back to 4327. The Kovach OBV has started to inch upwards, but the momentum appears weak, so the risk is more to the downside.
FX:SPX500
by quantguy
SPY & Elliot Wave TheorySPY: Using Elliot Wave Theory, predicting a move to 4.30 seems likely. ~RSI has room to go to 430, so it is not out of the question of possibility ~The VI looked like it was about to switch momentum to bullish, but the red line is starting to curve back upwards giving the question is it really a reversal to bullish yet? ~Using Elliot Wave theory's 5 part wave we have completed the first 4 parts and are in need of the fifth. This theory predicts group mentality overall and is often times the case. ~Previous waves hint that this may be the last bearish wave before the tides turns bullish
AMEX:SPYShort
by CheckMatted
6
Stocks Slide, But Potential Breakout NearThe S&P 500 has slipped back below 4364, as anticipated in the last report. We found support at 4327, roughly the middle of the range stocks were holding between 4327 and 4364. Currently, we are testing the upper bound of this range, but a red triangle on the KRI suggests that we are meeting some resistance. There is a clear bull bias from the Kovach OBV, so watch for a potential breakout at open, especially if the tone of the news remains risk on. If so, we have several levels of resistance above, but 4408 would be the next target
FX:SPX500Long
by quantguy
Stocks Try to Avert Third Straight Day of LossesStocks have started the week flaccid, but have found support at 4327. We got a bit of a lift to 4364, but are likely to hold the range until more inflation data comes out. We have a cluster of levels above which will likely prove to provide resistance, such as 4340, 4389, and 4408, particular relevant level. The Kovach OBV has actually picked up a bit, suggesting a bit of a bull divergence. However if we break down past 4327, we will have encroached upon the range between 4272 and 4327, a previous value area.
FX:SPX500
by quantguy
The S&P 500 is falling, so what happens now 😲 ❓The S$P 500 broke an important trend line which was very strong support. The price has now formed a series of lower lows and lower highs. These are bad signals which indicate that the market has turned around and is likely to continue its decline. An important area where the price can stop and find enough liquidity to continue rising is marked below. In case the price quickly forms new higher lows and highs, this would be a good signal for growth. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
SP:SPXShort
by Yuriy_Bishko
9
Stocks Price in Debt CeilingStocks have gotten a lift from the debt ceiling news, however we are facing steep resistance from a cluster of levels in the mid 4400 handle, 4431 in particular. We are seeing a red triangle at this level confirming the resistance. Currently we are seeing support at 4389, as confirmed by a green triangle on the KRI. The Kovach OBV is strong, but has leveled off completely showing little or no conviction before the opening. If we do see a burst of momentum, we must first break 4431, then there is a vacuum zone to 4462. If we break down, 4364 should provide resistance.
FX:SPX500Long
by quantguy
1
Debt Limit Hopes Lift StocksStocks caught a lift later in the trading day yesterday after struggling with 4327. Positive news sentiment off hopes of a debt ceiling agreement brought us back to the upper bound of the range at 4389. The Kovach OBV has picked up notably, but is flattening out suggesting we are facing some resistance here. In order to breakout, we will need sufficient momentum to break through. The next major level is 4408, the first technical level of the 4400 handle. If we fail to muster the momentum to break out, we will likely retrace to the bottom of the range again, at 4293 or 4272.
FX:SPX500Long
by quantguy
Stocks Bottoming OutStocks have retreated to the lower bound of the range, testing the 4200 handle again. Currently, we are finding support just above our level at 4272. We are seeing green triangles on the KRI, suggesting we are finding good support at these levels. Watch the risk sentiment in the news, because if we see more momentum towards open, we could potentially break down to 4245, the next level down. If not, we could test the upper bound of this range again, which is about 4380. The midpoint is at about 4327, so keep this in mind for a potential mean reversion trade. The Kovach OBV has leveled off, and if we are to break either of these levels, we need to see momentum come through.
FX:SPX500
by quantguy
1
Stocks Still Hugging LowsSocks are holding steady at lows. The S&P seems to have bottomed out at 4272, making a meager attempt at higher levels. We appear to be making a run for 4327, but there isn't much momentum to this rally. The risk sentiment is still pretty bearish, but we will see how it evolves as the day progresses. The Kovach OBV is still solidly bearish as well, but we could be due for a relief rally. Watch for 4272 to continue to provide support, but 4245 is the next level if we break through. The next level above is 4350, and there are several levels above this which will provide resistance until we are able to break through to the 4400 handle.
FX:SPX500
by quantguy
4