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SP500 AnalysisPrice has been buying since unemployment news last Thursday August 8th, which was the catalyst to begin the move to get buyers back in markets. Breaking last weeks high on Monday still moving. Wednesday was choppy but still saw the Dump and Pump set up after Cpi News that tricked out sellers and quickly went to the topside. Price can go either way. Looking to see price run up to 5494 and wait for a sell confirmation around there. Check out my Profile for more info!! Good Luck!. Risk Management First!
VANTAGE:SP500
by MrVizions_421
$ES top in?We got a large reversal today which makes me think that top is in for this cycle. As you can see from the chart, price went over resistance and closed back below it which is extremely bearish. From here, I think we'll see a move down to the first support at $4800, then I think it's likely that we bounce higher to make people think we're going to see another move higher, but instead of having a sustained trend, we'll roll over down to new lows. My base case is that we'll see the lowest supports at $2750-2900 before we see any sustainable bull market trend form. Let's see how it plays out.
CME_MINI:ES1!Short
by benjihyam
S&P 500 ANALIYSIS !!S&P 500 Analysis The S&P 500 has recently broken out of a "cup and handle" pattern, which is typically a bullish indicator. This breakout suggests a continuation of the upward trend, supported by the 21-day moving average that acts as a dynamic support level. Cup and Handle Pattern: This pattern is characterized by a "cup" formation followed by a short consolidation period that forms a "handle." The breakout above the handle signals a bullish trend. 21-Day Moving Average: The S&P 500 is currently trading above the 21-day moving average, which acts as a support level and confirms the ongoing bullish momentum Retest Above Breakout Level: The S&P 500 will likely retest the breakout level. A successful retest would further confirm the bullish trend. CME Gap Considerations: There is a CME gap above the breakout level. Historically, such gaps tend to get filled, indicating potential short-term downward momentum before the uptrend resumes. Monitor for a retest of the breakout level. If the price stays above this level, it confirms the bullish trend. Keep an eye on the S&P 500 staying above the 21-day moving average. This will strengthen the uptrend. Fill the Gap: Anticipate potential downward momentum to fill the CME gap. If this happens, it could present a buying opportunity if the price stays above key support levels Breakout Below Support: If the S&P 500 breaks below the 21-day moving average and fails to recover, it could signal a reversal of the current trend. The S&P 500 is in a strong bullish trend, confirmed by the breakout from the cup and handle pattern and support from the 21-day moving average. A retest of the breakout level and potential gap fill could bring short-term volatility, but as long as the price holds key support levels, the overall outlook remains positive. Monitor the breakout level and 21-day moving average for potential retests. Make sure any breakout or retest is accompanied by significant trading volume for confirmation. Stay aware of macroeconomic news and updates that may impact market sentiment and the performance of the S&P 500. Remember:-This is not a piece of financial advice. Stay tuned to us for further updates and analysis. Thank you!
VANTAGE:SP500
by CryptoSanders9563
1
2024-06-06 - a daily price action after hour update - sp500 e-mGood Evening and I hope you are well. sp500 e-mini futures comment: Very similar to nasdaq so if you are a regular reader, I won’t bore you with a long talk about trading ranges. Bears showed some strength from bar 36 - 53 but bulls are still in BTFD mode and as long as that is profitable, this is what they will continue to do. Bulls are in full control and found acceptance at the highs today. current market cycle: trading range key levels: 5320 - 5373 bull case: I think the first time I calculated the 5560 target for sp500 was in February or something. I did not believe we could get there but here we are. If bulls get another break above the current ath and 5400, we can absolutely get there rather sooner than later. Bulls will continue to try buying every dip and it’s just a matter of bears giving up again. Bull trend lines are alive and well and there is no reason for bulls to exit longs. I think they want to keep it above 5350 or bears might think they have a chance. Invalidation is below 5320. bear case: Bears tried and failed, twice. Two-legged moves inside trading ranges are the norm, so everything was in order today for the bulls. Bears are in pain and if bulls can get another strong momentum rally above 5373, we can see capitulation again. If bears manage to somehow break the drawn bull trend line and get strong closes below 5350, we could see 5300. Invalidation is above 5400. short term: Full bull until clear trend-line break and prices below 5350. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. —unchanged current swing trade: None trade of the day: 5370 was rejected many times today, was good for short scalps. Other than that, very tricky day. Buying bar 49 was reasonable but bar 53 was a very big surprise which got many stops. Losing is part of this game, accept it and make peace with it.
CME_MINI:MES1!Long
by priceactiontds
S&P500 - Clues to BUYThe S&P 500 is my favorite market to trade however my strategy struggles when price enters All Time Highs by design. I tend to try and hold positions into ATH's and beyond but this recent uptrend has proven too aggressive for my entries (See attached ideas). Last weeks close is a very subtle clue about institutional intention to buy this market. My intuition says S&P500 is likely to move higher and start the price exploratory process between 5600 - 5350. This is a common process pattern through the summer months observed historically (institutional investors allocate before leaving for summer vacation maybe?) Unfortunately, it also means any trades for me have reduced odds until price clearly defines levels that provide my strategy an edge. As price explores above, I'll be mindful of quick tests of support. I personally would not be comfortable with any swing long entries above 5290, which seems unlikely. From a day trade perspective, 5325 should provided good support and I doubt price trades below it for very long. Time/Price analysis indicates 5600 is a good level to watch for exhaustion of this push. 5185 and 5510 could offer some setups. Daily closes below 5300 invalidates this idea. Any trades related to this idea in the weeks to come will be posted below. Likes and Follows are appreciated
CME_MINI:ES1!Long
by GrayTrader01
SP500. Weekly trading levels 13 - 17.05.2024SP500 is again almost at a historical high, with one zone to go ahead. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
OANDA:SPX500USD
by Forex_Hoby
ES (S&P500)... Expecting a short term BULLISH Move!Bearish, but expecting a short term bullish move. Price has reached the 4th standard deviation, swept the LRLR, then mitigated the +OB. The expectation now is an External -> Internal LQ move. Wait/watch for signs of reversal from the current poi. I enjoy any feedback or questions in the comment section. All opinions are welcome! LIKE or BOOST this post, if you would. I would be appreciate it. SUBSCRIBE if you want to catch all of my future postings!
CME_MINI:ES1!Long
by RT_Money
1
S&P500 Futures Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZOne Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-15-2024 Downtrend with UMVD showing Divergence. Price sliding as US MSI also points to weakening in the market. Hold On to You Hats I Say :)
CME_MINI:MES1!
by SnowflakeTrader
SPX/S&P 500 FUTURESHello fellow traders, Understanding the current markets are awful as of the this year, price suddenly sky rocket like a balloons on space. My idea is base on Distribution since the COVID 2020 fall of -35%, the price retrace back for 3 years on the run with almost 45% if price goes to my analysis atleast 4966$. Then we might see a fall or Down back to the COVID 2020 fall. This is only my view, Not executing unless price reach 4966, maybe next month or end of the month, We have FED/FOMC in the last day of the month. Trade at your own risk. position yourself at higher possibility .ofcourse this idea has better odds on making a short positions. This is not a financial advice. Follow for more higher context. Swing trades. Stay safe folks.
SP:SPXShort
by D1GITALTRADES
SPY when stars align!as i was helping someone better understand some of these terms, like golden pocket... actually ill skip it. okay the SPY, everyone's favorite!... (to play 0dtes on) jk, i do it too sometimes. This is a great example of a "high probability set up" . when you have multiple indicators pointing to the same thing. we have not 1 not 2 not 3 but 4! indicators all lining up to a single area (when stars align, ahh) and it just so happens to be the area we were aiming for before we started charting. ADD CONVICTION 1. Previous S/R level & high volume area 2. Golden Pocket 3. Unfilled Gap 4. 50 Day Moving average all lining up to the same key zone, that 402.50 area. im not saying we get there tomorrow or the next day, we could never see it again nothings for sure. but if we do this is a critical level of support. because if it holds, that's still a higher low on the daily and weekly time frame. what am i watching for this week? that 406.15 call it 406 to 407.50 area im watching to see if that holds support, or if we break through it and go down to test that 404.50 area. and if thats broken then im targeting 401.50 to 402.50/403. Upside targets - almost every dollar is resistance and major major resistance around 417-422. 412 to 413.75 if we can get above that we could see alittle higher in the short term, im leaning slightly bearish to neutral. i want to see how the rest of the bank earnings affect the market this week. okay im tired and had to type this 3 separate times as this started with me showing a friend what the golden pocket was and how to use a basic fib. happy trading this week. cheers
AMEX:SPY
by Jbridgez
8
New Top, Old Resistance: Mixed News Question Bullish SupertrendNew Top, Old Resistance: Mixed News Question Bullish Supertrend Dear Esteemed Traders, TECHNICAL ANALYTICS Zooming out on the chart, ES hit a level that might be a resistance since January 2022, formed by a previous top. Historic tops often act as a resistance. Alone this would be a weak indication, but the price managed to hit that level at the same time when it also met the rising resistance from historic bottoms. See the red line on the chart. I can observe double bearish signals on a bullish super trend, in which the price seems to have crossed down together with the EMAs in the previous month. I wouldn't call super trend bearish yet, but the so far strong bullishness of it became questionable. MACD made a bearish cross and made a journey towards the bearish side of the indicator below the price chart. RSI went extremely negative after an extended period spent in the upper half of the indicator. It means that ES might have been overbought, and the market signals the start of a correction to this overboughtness. The possible correction move paired with a volume that matches the buy volume candles of the mentioned rally. This volume profile further powers the idea that the people who have been buying ES since October might feel the level to take profit on their investments. The Money Flow Index (MFI) at the bottom and Bull-Bear Power (BBP) above it share the bearish view. BBP isn't too bearish, but it's been showing a weakening bullish power since December. Finally, the $4736 support seems to be holding up the market from crashing. If the support breaks, the price can fall to the next support. I observed a support of around $4600. These are the analytics, I found, but let's consider news trading. NEWS The Federal Reserve has signaled its intention to raise interest rates in an effort to combat inflation. This could weigh on stocks, as higher interest rates can make borrowing more expensive for businesses and consumers. Recent economic data has been mixed, with some indicators showing signs of slowing growth. This could raise concerns about the health of the economy and further dampen investor sentiment. Earnings season is underway, and some companies have reported disappointing results. This could lead investors to expect lower earnings growth overall, which could put downward pressure on stock prices. In total, I wouldn't call ES straight bearish, but I claim the bullish trend to weaken and I'm looking for shorts below the $4736 support line. Greetings, Ely
CME_MINI:ES1!Short
by Elysian_Mind