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Sp500analysis

S&P 500 BROKE AND RETEST PLAY - UpdateSP 500 Has managed to broke the upside trendline yesterday.From 3212.00 level it has rejected twice and makes a minor double bottom pattern and bounced after the primary touch in lower trendline.And managed broke the upside barrier we are expecting broke and Retest towards the lowerside support level comes around 3277.00 which is coordinating with trendline.From this level we can expect some buying activities and the potential target would be 3450.00 within this range 50% Fibonacci retracement level will act as testing ground for both the bull and bear The bigger dissimilar falling wedge pattern has formed too which is a clear sign of bulls taking some rest to move further towards north..It's a September midterm correction as the end starts the Bull is awake and ready to bounce back towards 3600.00 USA Presidential election will Influence the direction of market we can expect unusual market volatility in coming days Give a like if u love our work..
ULong
by forexorbit
It's Monday, not doomsday! ☕ Starting the week, the S&P500 continues the primary expectation and reaches the first target area for the current decline. On Sunday, the U.S. reported 32,186 new coronavirus cases, and several European countries have also seen a steady increase in COVID 19 cases over the past 24 hours spreading pessimism amongst investors. The World Health Organization predicts that daily coronavirus deaths in Europe will increase in October and November, raising concerns about a possible second lockdown in Europe. Meanwhile, several major banks have reportedly transferred large amounts of illegal funds over a period of almost two decades. HSBC, JPMorgan, Deutsche Bank, Standard Chartered, and Bank of New York Mellon are among the banks involved in the report. The minimum target for the current decline remains within the range of 3200 points. Below 3049 points, the way is paved for significantly lower quotations in the range of 2800 points. Since we expect new all-time highs in the long term, we will use the current drop to open long positions and thus position ourselves for the next rally. In conclusion, we expect the current drop to reach the area of 3200 points before a bounce can be expected. We give the alternative scenario a 38% probability. The primary expectation remains that the index will reach a lower level of 2800 points, which is confirmed below 3049 points. However, in both scenarios, we expect at least a corrective bounce from the yellow target box, which will push the market back up towards 3440 points. Grab some coffee, be awesome, and enjoy your trading day!
OANDA:SPX500USDShort
by MarketIntel
2
S&P 500 is not looking good up there! Let's have a look everyoneSo S&P 500 is not looking good on the weekly chart right now. We got a bull run in 2020 up until 3600 and closed the candle with a long wick, which is bearish in my dictionary. So if we start to correct right now, let's check the trend. The Trend is broken by this week. It was not healthy as you can see. What says the indicators? RSI is since 2018 in a bearish divergence to the actual price. Macd is also interesting, we are days before a bearish crossing of both lines and as we all know, when the cross happens, the price is already down, so we must see in our crystal balls. I also got for today my lovely Market Bottom Finder. As you can see the green shows the market on a volatility low end and you can see also macd and rsi showing the same things. A nice indicator to harden your buying intention. So as of now the indicators shows us low volatility, which means we are sitting at a beginning of a wonderful roller coaster. Are you ready for the action? : ) _________________________ Disclaimer In the context of this website and our advice, neither investment recommendations nor financial services in the sense of the legal provisions are provided. The purpose and content of these consultations are to provide the adviser with information and thus to be able to make decisions independently and without outside help. If a business registration is necessary, it will be carried out by the adviser himself. He is also responsible for the taxation of his profits. No liability is assumed in this regard.
SP:SPXShort
by wallet_trading
18
S&P 500 - Republican vs Democrat Win PredictionWith the US elections on the way, here is my predicted outcome by EOY for where S&P 500 is headed. The assumptions proposed are based on a combined historical analysis of presidential elections, along with the oddities of the current "circus" of a market. This analysis has NO bias sentiment leaning toward either party, an is strictly based on historic trends of election years and election party switch years. Note: This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation.
TVC:SPX
by ZephyrFinance