S&P500 INDEX (SPY) Technical Outlook For Next Week
Hey traders,
S&P500 index broke and closed above a key daily structure resistance this week.
Taking into considerations, that fundamentals are strongly supporting bulls now,
I believe that the index will most likely keep growing.
Next resistance - 4100
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Sp1
S&P500 Index (SPY) Very Bullish Setup 📈
Hey traders,
S&P500 index has broken and closed above a solid horizontal supply area on a daily.
That breakout will most likely trigger a bullish continuation.
The next resistance that I spotted is 4100 - 4145 area.
It will be the next goal for buyers.
For entries, consider the underlined green area or a trend line.
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S&P500 INDEX (SPY) Waiting For The Next Move
Even though S&P500 index was very bullish on Friday,
don't forget that the index is trading in a global bearish trend.
The price has recently completed a correctional movement within a rising wedge pattern and broke its support.
I believe that the market will drop soon.
Goals: 3666 / 3588
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S&P500 INDEX (SPY) Bearish Outlook
S&P500 is trading in a long-term bearish trend.
The market started a correctional movement, in the middle of October.
The index was steadily growing within a rising wedge pattern.
This week, its support went broken.
I believe that it may trigger a trend-following movement.
Next supports: 3666 / 3587
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S&P500 INDEX (SPY) Breakout Trade For Next Week
Hey traders,
What a bullish week for S&P500 index.
The market nicely bounced on Friday.
Ahead is a key horizontal resistance. 3905 - 3935 is a solid supply zone.
Wait for a bullish breakout of that next week. You need a daily candle close above that to confirm the breakout.
The breakout will trigger a bullish continuation.
Next goal will be 4118.
Good luck!
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S&P500 Index (SPY) Important Breakout 📈
So it turned out, that S&P500 managed to break and close above a solid daily supply zone.
The broken structure turned into a demand zone now.
I believe that the index will keep growing at least to 3905 level.
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S&P500 Index (SPY) Breakout & Bearish Continuation 📈
S&P500 index looks very bearish to me this morning:
the price reached a horizontal key level and then broke a support line of a rising wedge pattern on 1H.
I believe that the index will drop to 3744 / 3717 levels.
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S&P500 INDEX (SPY) Technical Outlook
Hey traders,
S&P500 index is currently approaching 3515 - 3680 horizontal weekly structure support.
I believe that the next bearish wave will initiate after its breakout.
Patiently wait for a weekly candle close below the underlined area.
A bearish continuation will be expected to 3300 then.
Good luck next week!
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SP-500Over the past two years since the corona collapse, the index has recovered 2.2X. We will likely reach the support levels indicated on the chart in the next half a year. There will be a correction, a period of recession. The markets are overheated, full of artificial money. It is influenced by the news background, the policies of the world's largest economies, the relationship between countries. 2022 will be a year of opportunities and big discounts on crypto and stocks. For a large number of market participants, it will be the first bear market. As always, many people will not survive this downfall, and the market will shake out the weak participants. Those who plan for 3-5 years will multiply.
Best regards,
EXCAVO
Dow Jones Index (US30): The Next Bearish Wave... 📈
Dow Jones Index is currently trading within a major weekly structure support.
To catch a trend-following movement, we should wait for a bearish breakout of 28600 - 30000 area.
Weekly candle close below that will most likely initiate a bearish continuation to 26500 support.
Be patient and wait for a breakout, traders!
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ES weekly forecast - Beginning of TST journey Hello everyone! This October I begin my TopStepTrader Micro combine! TradingView is my documentation system so Like and Follow my journey!
ES has maintained its down trending posture and lending way to lower prices but currently exists in a somewhat balanced state between technical levels 3700 and 3500. This area could prove to be difficult, so I’m not particularly excited about the week ahead -
SHORT TRADES ONLY given the context of the downtrend!
1 - Breakdown of 3600 with a pullback to retest before moving lower to 3500
2 - Straight down - If ES moves below 3500 with conviction, we could see lower prices in a hurry. I’ll be looking for sharp bounces to short in this scenario/.
3 - Bullish move to 3700 and consolidation to begin accepting higher price
Last week gave us a decent short opportunity Wednesday. Be on the lookout for others in the middle of this week, although it’s unlikely they are as technically ‘juicy’.
Waiting on TradingViews BlackFriday deals to optimize charting. Stay tuned!
KingCharlesTrader - 10 years as ES swing trader by night. Web Developer by day.
Dow Jones Index (US30): Bearish Move From Key Level 📈
On a today's live stream, we spotted a nice shorting setup on US30.
Dow Jones reached a key daily structure resistance yesterday.
The price formed a double top formation on that, confirming the strength of the underlined area.
I expect a bearish move to 29900.
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S&P500 INDEX (SPY) Very Bearish Outlook
Hey traders,
After a bearish accumulation within a descending triangle formation, the price finally broke that yesterday on 4H.
I believe that it is a very important trigger and it may push the market lower.
Next goal for sellers - 3525.
Good luck next week, traders!
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Please, support my work with like, thank you!❤️
S&P - Harsh landing!?S&P - Harsh landing!?
As had FOMC, dot plots moving to further rate hikes till end of the year anticipated, dxy heads higher leading indices to land at an interesting area. I personally think it wont be soft as I have mentioned in my videos in...technically we are at very key support if this support does not hold further bearish momentum is set to continue.
Regarding the week ahead a lot of CB's speakers!
Key tip: Lot of others may underestimate you, but don't let the noise get to you...
Trade carefully & have a great week ahead,
TJ
S&P500 INDEX (SPY) Your Trading Plan For Next Week
Hey traders,
SPY reached a demand cluster based on the year's low.
Analyzing a price action, I spotted a harmonic ABCD pattern.
Its completion point matches perfectly with the underlined structure.
To buy with a confirmation, watch a parallel channel on 4H time frame.
Its bullish breakout will be a trigger to buy the index.
The goal for buyers will be 3750 then.
Remember, that a bearish breakout of the underlined zone will trigger a further decline.
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S&P500 Index: Key Levels to Watch This Week 📈
With the yesterday's rate hike, SPY dropped again.
Here are the key levels for you to watch.
Support 1: major falling broken trend line
Support 2: 3720 - 3750 area
Support 3: 3636 - 3676 area
Resistance 1: 3905 - 3918 area
Resistance 2: 4117 - 4145 area
The price is currently approaching a confluence zone based on Support 1 & 2.
I believe that we may see a pullback from that.
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S&P with dotcom overlay - is the S&P heading for a 50% fall??The chart shows the current S&P price action with an analog overlay of the dotcom bear market.
Scenarios;
1/ Near term support at 3900
2/ Mid term support at 3600
3/ Longer term support at 3200
A break of all 3 of these support areas could possibly see a fall to 2345 or even covid19 lows.
S&P500 Index: Key Levels to Watch Next Week 📈
Hey traders,
Here is my latest structure analysis for S&P500 index.
Resistance 1: 4080 - 4130 area
Resistance 2: 4195 - 4216 area
Resistance 3: 4308 - 4327 area
Support 1: 3880 - 3940 area
Support 2: 3720 - 3780 area
Support 3: 3638 - 3675 area
As I predicted, the price perfectly respected Support 1.
Now, the goal for buyers is Resistance 1.
I will look for shorting opportunities from that resistance.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️