~ Profiit Opportunity~RSI reversal in s&p 500Hi guys, this is yet another simple chart based on a pattern that works 90% of the time. It's the rsi reversal, coupled with other trends you can take in impressive profits quickly.
The volume is high but it's sell volume (red candle). Following position can be taken. Also 4k is a resistance on psychological level.
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Open: Market
TP: 3940 - 1
3920 - 2
SL: 4005
Snp500sell
US500 IS DIVING DEEPER INTO BEAR MARKETAfter policymakers have shown more appetite for interest rate hikes, S&P500 recorded its lowest close in almost two years and it is 24% down from its record high.
The technical indicators on 1H graph are also putting the index into bear territory, with MACD histogram below 0 and keeps decreasing and RSI well below 50 neutral line.
If the downtrend continues, the index might reach and test levels of around 3530 USD. If opposite scenario occurs, the price might test its previous high at 3800 USD.
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Mirco E Mini S&P 500 September 2021 ContractPrice is making a consolidation/sideways, give it a couple of days, and I believe it will continue to break down and heading towards the trendline before heading its way up making a new high. Also if you look at the Daily & Weekly chart, u will see the presence of Seller, but u won't see it in 4 hours and below charts but they exist in Daily and above.
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S&P 500 Index (SPX) - Rally could end here Hey everyone, here's the analysis on SPX. Follow us, leave a like and comment on stock ideas you look forward to seeing next!
Analysis:
R1 zone is a strong resistance and breakout zone and price could drop to our S1 zone at 2541.5. If this level does not hold, it could drop lower to our next support zone, as illustrated by the black lines.
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QE release, long SnPAs requested by many to take a look at equities market, i shall do some basic analysis from now on on the shares market in US and globally. Equities Market just surged for futures of S&P500 because the Federal Reserve Unveils Unlimited QE Amid All-In Effort to Confront 'Severe Coronavirus Disruptions'. I think this is the first time its ever done an unlimited QE and this could help revive the economy. Its gonna be a massive bailout.
The Fed will buy unlimited amounts of Treasury bonds, and purchase corporate and municipal debt for the first time, in an historic effort to defend the U.S. economy from 'severe" conoravirus distruptions.
Short on S&P500 but long term buy opportunity afterThe S&P 500 index is a benchmark of American stock market performance, dating back to the 1920s. The index has returned a historic annualized average return of around 10% since its inception through 2019 and thats a good representation of the market.
Compared to fixed deposits, yearly returns ranges from 0.5%-2%. While that average number of 10% may sound attractive, timing is everything - get in at a high or out at a relative low and you will not enjoy such returns. Inflation is around 3.15% yearly so the actual returns is only at around 6-7%. That said, its still better than parking your money in the bank and gaining that 0.05% interest.
So thats why its important to time the market and enter at the right time. If you had just entered into the stock market 1 month ago, your probably would have lost 30% of your funds that you use to enter.
Odds are stacking up for a breakDOWN in S&P500 & friendsPreviously noted that on a particularly critical day, the S&P500 closed below expectations thereby giving heads up of the near term imminent downside. This morning (UTC+8), in the ES1! Hourly chart, we can see a potential double top of the rebound. The next few hours in Asian trading time would be critical, and we expect a path of lower lows and lower highs to follow (guided by the yellow line on the chart). A support level is drawn with an s,era as it serves as the first indication of the floor giving way.
Watch it for the minimal downside target drawn previously as the bright red ellipse. This should be validated after breaking the immediate support and a series of Lower Highs, and Lower Lows follow.
Technically, the MACD suggests at the double top is likely to hold, as opposed to a breakout above the resistance at 3130. There is a slight bearish divergence which should deliver today.