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...
This level since November 2023. I have been waiting for the break as it should be the first sign of what comes next. This is a backwards adjusted chart, however, it is likely confirming the market high from last Friday. A close below this level today should began the clock on the prior analyses attached to this idea
OANDA:SPX500USD
We will have choppy times ahead.
Target 4600
Above 4600 Vey Low Volume
The sentiment is positive
4060 is support
Technically
Higher Highs Lower Lows
We are slowly leaving the current ange
The ranges are increasing
The S&P 500 has rallied rather significantly during the course of the week to break above the 4200 level, showing signs of...
This 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&P500 needs some more pep to make it above the resistance at 3820 points, so let’s cheer it on! S&P, you are strong enough to climb above 3820 points and to hop into the upper blue zone between 3943 and 4015 points overlapping with the pink zone between 3963 and 4052 points. After you have finished wave (III) in blue there as well as concluded a countermovement...
Hey traders,
I figured I'd share my ideas for swinging and day trading the SP500 over the next several days / weeks. I'm using the continues SP500 futures chart but this analysis should work on SPX and SPY as well with few (if any) differences.
I'm going to do my best to make this post valuable even when this market structure is rendered broken by price action....
The S&P 500 (SP) is holding above the strong support, from where a nice bullish rally started, that move has also done a break of structure.
It is a powerful zone for S&P 500 to create a bullish impulsive wave from here. Today's candle close is important to watch, and if it closes bullish, that would confirm a bullish rally in S&P 500 and if it breaks down than...
S&P500 seems to be tickled pink – metaphorically as well as literally. The index has taken to our expectations and has a lot of pink to face. First, the index should fall below the support at 3639 points and into the pink zone between 3598 and 3508 points to finish wave III in pink. Then, it should return above this mark once more to complete wave IV in pink in...
That’s generally the question when preparing steaks. Additionally, we might also ask S&P500 whether it is already done – namely with wave V in pink and wave 3 in blue. We still give the index some time and room to finish them both, but afterwards, it should get started on a countermovement leading into the lower blue zone between 4144 and 3998 points. There, it...
We can observe the weekly trend in MES which mirrors SPX and all SPX futures. Following consecutive lower lows and lower highs, we have broken the prior swing high to create a higher high. Equal highs and the weekly fair value gap above act as a draw on liquidity. Weekly fair value gap below also acts as a draw on liquidity.
Retest and ‘double bottom’ in weekly...
Yesterday I was far away from my target but today the tape is showing the same characteristics, they want to go to 3725 IMO, then below 3720, it will continue to 3690 most likely.
Pivot 3766
Above it long to 3850.
Above it short to 3725, 3686.
Now 3754
The ES continues to wedge, making this a rather tough trade at the moment. All year long, these consolidations have eventually rolled over and favored the bears.
However, there has been some bullish developments over the last few weeks, so longs are looking for some upside traction. The next 7 sessions won't make life any easier, I'm afraid.
June 9th is...
On a 1D CME_MINI:ES1! chart, we are looking at 4100-4070 as solid support and are bullish unless the price breaks the support. Going ahead, possibly the price may move towards trendline resistance as shown in the chart.
Please like and share!
Despite the holiday in the United States, S&P500 has not been lazing around but has climbed into the middle white zone between 4156 and 4224 points. There, the index should finish wave (3) in white and subsequently start a countermovement into the lower white zone between 4076 and 3999 points. After it has completed wave (4) in white in this region, S&P500 should...
es1! calls have been lining themselves up for overheated conditions on top of a move that has confirmed higher lows on larger timeframes and smaller ones become overbought
above 4620 is a sell pressure area
below 4581 is a supportive area
could bullflag, but more probable is a false breakout, followed by a short term melt fown
