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Sp500idea

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&P500 is at a Decision Point. So, Where Will It Go?The buying wave that started as a result of a big sales wave and central banks giving the market plenty of money seems to have carried the index to its old peak. The fact that it has reached these points without any correction is a bit thought-provoking, as the markets normally move in volatility (ups and downs coexist). Therefore, if the index fails to break its weekly rising trend and its previous peak, a profit realization may be experienced. However, if these levels are exceeded, 3700 levels may be considered normal for us in the future. Only personal opinions and ideas. Does not Include Legal Investment advice...
OANDA:SPX500USD
by EmoteK
Welcome to The New Market CrashThe FMI has anonced, that be careful because there are very large bubbles in the debt and equity markets. My principal Scenario show me a rejection of the price around 3,150 points. The loss of 2,900 that would entail the loss of the previous minimum level where a rejection candle emerged + the loss of the long-term bullish channel. Show me that we are going to retest the minimun of march. Alternative Scenario above the 3.170 price will go to the 3.220, and new higher high would show us the way to retest the historical maximums. Are you kidding me? It's no me, it is the FED. Good Lock and Take care out there.
FX:SPX500Short
by Bluetrader_CSC
S&P 500 LOW VOLATILITY (SP500VOL) DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
SP:SP500LVOL
by Dinjin
SPX LONG S&P 500 Taken out The Resistance on Daily ViewHello to all who watch my charts. Contrary to the opinion of many here is in my view S & P 500 a Long Setup. As you can see we had it at the beginning of March a short trend which I marked with the orange trend lines. Now, however, the index has risen above all short resistance and has both major resistance levels which I marked purple. In the near future no direct resistance is to be seen. Next is at around 2870 That's why I see these Index in a long trend. To be cautios here , its needed that SPX fall below 2800 and 2786 at end of day chart If that wil happen the long setup is gone. ---------------- --This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research--- -----------------
CME_MINI:ES1!Long
by Renkotrade
1