SP500Looks like we are in the 5th wave of the Cycle HTF wave 3. My analysis suggests that this move will take anywhere from 6 months to18 months to finish before an aggressive wave 4 bear market on the cycle HTF.
Sp500analysis
S&P 500, 7/6/23For Thursday, 4393.25 can contain weekly selling pressures, above which 4552.25 remains a weekly target able to contain weekly buying pressures.
Closing above 4552.25 signals 4624.50 within 3 - 5 days, able to contain buying through July, and the formation settle above for yielding the 4808.25 longer-term objective by the end of August or sooner.
Downside Thursday, breaking/opening below 4393.25 allows 4372.00, also able to contain weekly selling pressures and the level to settle below for reversing momentum into next week, 4305.50 then likely by the end of next week where the market can bottom out through July.
S&P500This Is My Anticipation On The S&P500 For Today, We Have SMT Divergence With The Nasdaq On Both The H4 And The Weekly Time Frame So I Believe We May See A Retracement Down And Eventually We Will Trade Up To Take The Buyside Liquidity But For Now This Is What I Believe Might Be The Markets Next Move
S&P 500 Pushing to 6,000 after Wedge BreakFalling Wedge has formed with the S&P 500 since 1 July 2021.
We then recently had a breakout above 3,991 which confirmed upside to come.
With the strong Engulfing up candles, we can expect the price to soar in the next few weeks.
That is if the trend does hold and doesn't cause a fakeout.
Price>200
RSI>50
My first target is at 6,000.
SMC
Below the Falling Wedge, there is a clear sign of Sell Side Liquidity.
This is where Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades.
This causes the price to rocket up each time it touches this Order Block.
Now we'll need a strong catalyst for upside to continue. I am rooting for this one...
S&P500 hits target, Time for a correction?The S&P500 has hit our first target a couple of days ago. Now the price is at the lower level of the resistance zone. This could mean that a correction is due.
I believe that the resistance will be either broken or held at the end of the week. In this case, the most likely scenario is that the resistance will hold, and that we'll see lower prices for the upcoming weeks.
This post gets invalidated the moment the lower resistance level breaks.
SP500 Bearish ScenarioThe #SP500 diverged 61% from the trend it had referenced since 1940.
When we look at such divergences in history, we see that the index has returned to the reference trend.
The beginning of this reversal is usually confirmed by a close below the SMA9 on the 3-month timeframe. This level is currently displayed as $4174.
In a possible bear scenario, EMA60 or $2651 will guide us for the priority return level. Finally, EMA120, which is already at the same level as the reference trend level, will act as the last support.
In addition, looking at the SP500 index in the daily time frame, the McClellan Oscillator, which has been working very successfully since 1900s, turned negative last week.
However, another factor that can contribute to my analysis is that the monetary and fiscal policies made by HSBC today are not compatible with the bond and stock markets, and that the current recession will go further.
S&P 500, 6/22/23For Thursday, 4444.50 can contain session strength, below which 4352.50 is likely intraday, 4257.50 in reach by the end of next week, where the market can bottom out on a weekly basis, possibly into later July.
Upside Thursday, pushing/opening above 4444.50 signals 4462.50, while closing today above 4444.50 indicates 4503.50 within several days, able to contain buying through next week and the point to settle above for yielding the 4613.00 longer-term objective within several more weeks.
S&P 500, 6/21/23The 4195.75 long-term support area can contain selling through the balance of the year, above which 4606.50 remains a 3 - 5 month objective, the 4808.25, January 2022 all-time high expected by the end of the year.
On the way up, 4606.50 can contain monthly buying pressures, with a settlement above 4606.50 indicating the targeted 4808.25 within 3 - 5 weeks, where the broader market can double-top on a monthly basis.
Downside, a weekly settlement below 4195.75 would be considered a significant failed long-term buy signal, in essence indicating 3898.25 within 2 - 3 months.
S&P 500, 6/20/23The 4195.75 long-term support area can contain selling through the balance of the year, above which 4606.50 remains a 3 - 5 month objective, the 4808.25, January 2022 all-time high expected by the end of the year.
On the way up, 4606.50 can contain monthly buying pressures, with a settlement above 4606.50 indicating the targeted 4808.25 within 3 - 5 weeks, where the broader market can double-top on a monthly basis.
Downside, a weekly settlement below 4195.75 would be considered a significant failed long-term buy signal, in essence indicating 3898.25 within 2 - 3 months.
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For Tuesday, 4451.75 can contain weekly selling pressures, above which 4606.50 remains 2 - 3 week objective.
Upside Tuesday, 2522.50 can contain session strength, while closing above 4522.50 should yield 4606.50 by the end of next week, able to contain buying through July.
Downside Tuesday, breaking/opening below 4451.75 allows 4404.25 intraday, able to contain session weakness and the level to settle below for indicating a good weekly high, 4299.50 then expected by the end of next week, where the market can place a weekly low, possibly into later July trade.
S&P 500, 6/16/23For Friday, 4446.50 can contain selling through next week, above which 4603.25 remains 2 - 3 week objective.
Upside Friday, 4509.00 can contain session strength, while closing above 4509.00 should yield 4603.25 by the end of next week, where the market can top out through July activity.
Downside Friday, breaking/opening below 4446.50 allows 4395.50 intraday, able to contain session weakness and the level to settle below for pivoting the market south into next week, 4263.75 then expected within 3 - 5 days, where the market can place a weekly low.
Overall, a weekly settlement today below 4446.50 will keep 4185.00 in reach by the end of July.
S&P 500, 6/15/23For Thursday, 4399.00 can contain intraday weakness, the targeted 4441.25 - 4446.50 area in reach and able to contain buying through the balance of June.
Holding below 4441.25 allows 4203.75 long-term support by the end of July or sooner, while closing today above 4446.50 signals our 4600.00 longer-term objective over the next 2 - 3 weeks.
Downside Thursday, 4367.50 can contain session weakness, while closing below 4367.50 indicates a good weekly high, 4263.75 then expected within several days, also able to contain session weakness and the point to settle below for indicating 4186.75 - 4203.75 long-term support within several more days.
S&P 500, 6/14/23For Wednesday, 4402.50 can contain intraday weakness, the targeted 4436.00 - 4446.50 area in reach and able to contain buying through the balance of June, once tested the market susceptible to falling back to 4203.75 within 3 - 5 weeks.
On the other hand, closing today above 4446.50 signals the 4596.50 longer-term objective over the next 2 - 3 weeks.
Downside Wednesday, 4353.00 can contain session weakness, indicates a good weekly high, 4263.75 then expected within several days, also able to contain session weakness and the point to settle below for indicating 4188.50 - 4203.75 long-term support within several more days.
SP500 Next Price Target So ClearRange is very clean.
It is very clear where the price will go.
I hope you can see this.
All ranges of this range worked sharply.
While individual investors buy the break out, you can sell it.
Have a nice one and good trading!
S&P 500, 6/13/23For Tuesday, 4348.75 can contain intraday weakness, 4385.00 in reach and able to contain intraday strength.
Pushing/opening above 4385.00 allows 4409.00 intraday, able to contain session strength and the level to settle above for yielding the targeted 4430.50 formation tomorrow, where the market can top out into July activity.
Downside Tuesday, breaking/opening below 4348.75 signals 4328.75, able to contain session weakness.
Closing today below 4328.75 indicates 4263.75 within several days, also able to contain session weakness and the point to settle below for indicating 4190.25 - 4203.75 long-term support within several more days.
S&P 500, 6/12/23The 4203.75 long-term resistance area can contain selling through the balance of the year, above which 4578.50 remains a 3 - 5 month objective, the 4808.25, January 2022 all-time high expected by the end of the year.
On the way up, 4425.50 can contain weekly buying pressures, with a settlement above 4425.50 indicating 4578.50 within 3 - 5 weeks, able to contain buying on a monthly basis and the formation settle above for accelerating the 4808.25 longer-term objective to within 2 - 3 months.
Downside, a weekly settlement below 4203.75 would be considered a significant failed long-term buy signal, in essence indicating 3898.25 within 2 - 3 months.
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For Monday, 4346.00 can contain intraday weakness, 4385.00 in reach and able to contain intraday strength.
Pushing/opening above 4385.00 allows 4409.00 intraday, able to contain session strength and the level to settle above for yielding the targeted 4425.50 formation the very next day, where the market can top out into July activity.
Downside Monday, breaking/opening below 4346.00 signals 4309.25, able to contain session weakness.
Closing today below 4309.25 indicates 4263.75 within several days, also able to contain session weakness and the point to settle below for indicating 4192.00 - 4203.75 long-term support within several more days.
QQQ: I might be wrong (Inverted Chart)I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume
the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another
period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility
of a double top at the very least. At that point though, there is no reason we couldn't keep going and make new highs.
The macro economic conditions are not ideal in the slightest but this might be the kind of bull that is largely absent retail
and will say that way until we actually start to top. A bull, minus retail, is what this looks like. You are not having investors
capitulate easily at all. Buyers have been positioned large and they plan on staying there for a while. Very hard to say.
This is by far the hardest market to judge, that I personally have participated in. I am thinking about taking some long positions
in certain companies, maybe even the Qs but I will be doing so cautiously.
CORRECTION previous accumulation count SPY (Going much higher!!)This idea is a correction to my previous count for the SPY since the break out of the accumulation range. I chose the "close" method for the point & figure chart and lost data as a consequence. The correct method is "high/low" which is shown in this count.
Chart setup:
- Daily, Traditional, 3 box reversal, High/Low (1 pt scale).
The SPY is going much higher before any potential bear market.
Good luck
S&P 500here may be a fix
at the decision stage
Made as a note to myself.
Contact your investment advisor to buy and sell.
According to the chart, trading can cause loss.
SPY going up based on point and figure count of accumulationThis idea is based on Wyckoff's method for calculating price targets using the point & figure method to count the difference in columns between beginning and end of accumulation prices and projecting it from the middle point of the accumulation range.
All other info is on the chart!
SP500: Technical Rebound.... is comingFrom a technical point of view, the trend on intraday chart is bearish, but at the same time, after the completion of wave 5, I expect a very interesting technical rebound (wave 4 re-test).
Trade with care!
Like if my analysis is useful.
Cheers!
My personal analysis is logical to SPXThe price is upward, which indicates that the trend is upward, so we will search for buying, and I have placed the buying or selling points, in the event that the price breaks the level that was talked about, in order to know more about what the price might do, and I analyzed it in a technical and rational way .
In the case of buying, we will wait for our order block to ease and fill the gaps, as well as the acquisition of liquidity, but in the case of selling, we will wait for the bottom to be broken, to confirm that the new trend has been formed and that we will become in a downward trend, and what confirms this to us is that the blood has come with the bottom that was created by If the price is broken, we will look to sell, and there is another support below it, and that support seems to be strong, so we will take the first target there, and we will wait for the price and we will wait for the price’s reaction to it. If we notice that it wants to change the direction, we will close all our deals. The long term, because if that level is broken, we will have a strong downside trend, because we will break strong support, which simply turns into resistance.
S&P500 continuous or reversal?S&P500 weekly is uptrend now but have weak trend and volatility. Maybe it will reversal in near future.
SPX clear breakout targets 4400-4500Hello, everyone.
My previous idea a week ago had a bearish outlook on SPX.
However things have changed, as we now have a clearly defined outbreak in the RSI.
The target range now is 4400-4500.
Depending on how the market opens on Tuesday. I may open long position.
Good luck everyone.
Stay safe, stay liquid.
