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SP500, high AB=CD, multiple inside bars entryWeekly Bias is UP, Daily is UP as well. We have an AB=CD which happens above the 38% retracement of the bigger swing up. (some people might refer to this as a high-tight flag). 30 min is showing divergence. The entry is a breakout after multiple inside bars pattern also known as a popgun pattern. The risk to reward to the previous all-time high is 1 to 5 if no scaling out. Scaling out will still give you some 1 to 3 RR. If you pick a longer-term trailing target that looks pretty sweet.
BLACKBULL:SPX500Long
by TheSpringHunter
US-Market SentimentUS Market Sentiment and Swing-Trading Considerations - NASDAQ Heatmap Color-Coded Performance Indicators: Green Boxes: Represent stocks that have had positive performance over the past week. The intensity of the green color indicates the level of positive performance, with darker greens showing stronger gains. Red Boxes: Represent stocks that have experienced negative performance. Similarly, darker reds show larger declines. Sector Analysis: Technology Services: Companies like NASDAQ:MSFT (Microsoft) and NASDAQ:GOOG (Alphabet) show moderate gains, suggesting a positive sentiment in the technology services sector. Electronic Technology: A mixed view with significant gains by NASDAQ:NVDA (NVIDIA Corporation) but a slight decline in NASDAQ:AAPL (Apple) indicating a divergence in performance within this sector. Retail Trade: NASDAQ:AMZN (Amazon.com Inc) shows a strong performance, which is a positive sign for the e-commerce space within retail. However, PDD and MELI experienced notable declines. Health Technology: Mostly green with strong performances from companies like AZN, indicating good momentum in this sector. Consumer Durables: NASDAQ:TSLA (Tesla Motors, Inc.) is down significantly, which could suggest a potential concern for the electric vehicle or broader consumer durables market. Consumer Non-Durables: A mix of performance, though PEP is up, which might indicate stability in consumer staples. Notable Stock Movements: NVDA: The strong gain suggests investor confidence or positive news related to the semiconductor industry or the company specifically. ADBE: The notable decline could be due to earnings reports, market sentiment, or sector-related news impacting software companies. AMZN: A substantial increase like this could be driven by positive earnings, favorable market news, or successful business ventures. TSLA: A sharp decline may be the result of negative press, disappointing earnings, or adverse industry developments. Market Sentiment: The overall market sentiment can be gauged by the balance of green to red. In this heatmap, green appears more prevalent in larger squares (representing larger companies by market cap), suggesting a cautiously optimistic sentiment among major players. Considerations for Swing Trading: Momentum Stocks: Stocks like AMZN and NVDA with strong positive momentum could be considered for a swing trade, following Minervini’s principle of trading in sync with the market trend. Volume and Price Action: Before making trading decisions, it's important to analyze the volume and price action for confirmation of the trends suggested by the heatmap. Potential Reversals: Stocks like TSLA and ADBE that have experienced significant drops might be scrutinized for potential reversals if they approach technical support levels. Final Thoughts: This heatmap is a snapshot and does not provide the granularity needed to make a final trading decision. It is a starting point for identifying potential stocks to trade. A trader following Minervini’s methodology would look for specific technical setups, such as tight price consolidation, relative strength, and trading volume, among other factors, before entering a trade. It's also important to consider that the heatmap shows past performance, which is not always indicative of future results. Each potential trade should be evaluated in the context of current market conditions, news, and comprehensive technical analysis.
NASDAQ:QQQ
by JS_TechTrading
Market Psychology: Why the Wall St. Cheat Sheet Still WorksI decided to apply the Wall Street Cheat Sheet to a chart of the S&P 500 during the Dotcom crash. It is impressive that it still works and holds so many lessons. The question you should ask yourself is, where are we now? Let me know your thoughts in the comments below. ------------------------------------------------------------- Understanding the implications of the Wall Street Cheat Sheet can be crucial for investors and traders looking to navigate the markets more effectively. It serves as a reminder of the recurring nature of market sentiment, highlighting that investor psychology tends to repeat itself in a cyclical pattern. Recognizing these patterns can help traders anticipate market movements and improve their decision-making processes. Although it's not a fail-proof guide to predicting market trends, the Wall Street Cheat Sheet is a tool that, when combined with other strategies and risk assessments, can provide insightful context to market indicators and behavior. The Wall Street Cheat Sheet encapsulates the variety of emotions investors go through during market cycles. Recognizing emotional cycles can inform risk assessment and trading strategies. The Wall Street Cheat Sheet serves as a roadmap for navigating the emotional highs and lows investors face during market cycles. Each phase reflects a collective sentiment that can influence financial markets and, subsequently, the price movement of stocks. Market cycles represent the recurrent fluctuations seen in the financial markets and can be identified through the price movements of stocks. These cycles are driven by a variety of factors such as economic indicators, corporate performance, and investor sentiment. The Wall Street Cheat Sheet encapsulates the typical emotional journey of investors through the different stages of a market cycle. The following phases are included: Hope: A period when optimism starts to grow, and investment decisions are made with the anticipation of future gains. Optimism: The phase where confidence continues to build, often leading to increased investments. Belief: This stage marks a commitment to the bullish trend, with many investors convinced of their strategy. Thrill: Investors experience a high, often accompanied by a sense of triumph. Euphoria: The peak of the cycle, where maximum financial risk is actually present but overlooked due to extreme optimism. Complacency: After reaching peaks, the sense of euphoria shifts to a state of denial once the market begins to turn. Anxiety: As market correction sets in, anxiety starts to replace complacency. Denial: Investors hold onto hope that the market will bounce back quickly, failing to acknowledge changing trends. Fear: Acknowledgment of losses sets in, and panic may ensue. Desperation: A feeling of helplessness might prevail, with investors looking for a way out. Panic: Rapid selling occurs, trying to exit positions to avoid further losses. Capitulation: Investors give up any previous optimism, often selling at a loss. Anger: The reality of financial impact hits, and investors question their decisions. Depression: Coming to terms with the financial hit and reflecting on the decisions made. Disbelief: Skepticism prevails even as the market may begin recovery, with many wary of another downturn.
CBOE:SPXEducation
by liberatedstocktrader
15
GOOGL: Gap-Filling Strategy with Exciting 6% Upside Potential !Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:GOOGL On January 31, 2024, Alphabet's stock exhibited a gap down in after-hours trading subsequent to the disclosure of lower-than-anticipated ad revenue. Following this, the stock stabilized its descent, finding support at both the bullish trendline and the EMA90 line, indicating a possible rebound in this zone. Furthermore, a bullish hammer pattern emerged, accompanied by elevated trading volume. These technical indicators commonly suggest a potential upward movement, either to close the gap or reach the predefined target area. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GOOGL." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
NASDAQ:GOOGLLong
by financialfreedomgoals101
6
S&P 500 Bull Market: Balancing Opportunity and UncertaintyThe S&P 500's remarkable surge to unprecedented heights, with a staggering 39% increase from its October 2022 low, signals a robust bull market that has captivated investors worldwide. Yet, amidst the euphoria, concerns linger about the optimal timing for investment, prompting a closer examination of the current market landscape. Undoubtedly, the current bull market presents ample opportunities for investors to capitalize on potential earnings. Despite reaching record highs, there remains significant room for growth, making procrastination a potential pitfall. Delaying investment decisions risks missing out on the market's upward trajectory, potentially foregoing substantial returns. However, prudence dictates a nuanced understanding of the market's dynamics, recognizing both its positive and negative aspects. Historical data provides invaluable insights into navigating similar market conditions, offering lessons from past experiences. Consider the aftermath of the Great Recession, where the S&P 500's recovery was gradual, taking several years to reach new all-time highs. Investors who hesitated to enter the market during this period may have missed out on significant gains, underscoring the importance of a long-term perspective. Conversely, attempting to time the market perfectly carries inherent risks. Waiting too long to invest may lead to missed opportunities, while overcaution could result in lost potential gains. The unpredictability of short-term market movements adds another layer of complexity, highlighting the challenges of making accurate forecasts. In light of these factors, adopting a strategy of dollar-cost averaging can offer a prudent approach to investing. By making regular investments over time, regardless of market fluctuations, investors can mitigate the risks associated with trying to time the market. This method allows for the smoothing out of price volatility, providing a more stable path towards wealth accumulation. Ultimately, the key to navigating the S&P 500 bull market lies in recognizing the inherent trade-offs between opportunity and uncertainty. While the allure of potential gains is enticing, prudent risk management and a long-term perspective are essential for sustainable investment success. By embracing a disciplined approach and leveraging time as their ally, investors can navigate the complexities of the market with confidence, maximizing their chances of long-term financial growth and prosperity.
TVC:SPXLong
by FOREXN1
1
Nice runThe SP has had a nice bull run the past 5 weeks. Now is hitting an important psychological and technical resistance at 500. It might try to break it on the upcoming days but I think it's going to pull back hard soon. I'm already taking profits I have cash sitting there until new opportunities come. I still have some long positions but I'm mostly in cash. Also I'm long in the Dollar on short term. Looks strong, I'm shorting AUD/USD and GBP/USD. Don't be greedy, be smart and patient.
AMEX:SPY
by ArturoL
S&P 500: Resilient Rise Challenges Upper ResistanceThe S&P 500's latest weekly close at 4971 reflects ongoing bullish momentum, positioned just below the upper Bollinger Band resistance of 5136.3. The market's resilience is further underscored by the MACD's positive divergence above its signal line. Looking down, the Simple Moving Average at 4854.7 serves as the pivotal support, reinforcing the trend's strength. As the index navigates between these technical boundaries, the near-term outlook suggests a cautious but optimistic view for potential upward continuation.
OANDA:SPX500USDLong
by MonoCoinSignal
FRED has lost control of the train. They are completely stuck.This is why the next 6-12 months in the markets are going to make zero sense. 2020 the FRED not only created money they injected so much unnecessary money that have they not enforced global lockdowns the "2022 mini bubble" would have looked like 2000. Markets will follow and always adjust to debasement meaning your earnings / your P/E ratios are useless in this environment. The FRED tried raising rates the fastest in history to front run the M2 Velocity (money changing hands / transacting) but there's still simply too much money created, markets are finding support and have not "corrected" enough to off set lowering rates. If the FRED does not lower rates look at the red line on chart 2 the Federal government will blow up due to to debt. There's only one solid choice here, Option 1 "Global bust" meaning governments will default inflation will go negative no GDP growth safety nets will fail. Option 2 "Global debasement" The FRED starts lowering rates cheap credit will flow into stock markets / gold / bitcoin Money Market Funds will pour back into the markets M2V will go parabolic reigniting a dangerous inflation cycle. Once that blue box on chart two is broken this means its over. Considering how much of the market is pricing / preparing for a "collapse" yes a collapse will happen but what happens if its the currency debasement and not markets that fall? Correct, you need to re enter all markets. Lets see how this plays out towards year end.
TVC:NDQLong
by FederalXBT
SPY | TA AMEX:SPY Overall Trend: The SPY has been on an upward trend, as indicated by the upward-sloping blue trendline, signaling bullish momentum. Candlesticks: There is a mixture of bullish and bearish candles; however, the bullish candles have larger bodies, indicating stronger buying pressure. The large white candlestick followed by a smaller one suggests continued buying interest but with some consolidation. Moving Averages: The SPY is trading above both the short-term and long-term moving averages, signifying a bullish signal. The upward trajectory of the moving averages further confirms the bullish trend. Support and Resistance: Bullish Line (Resistance turned Support): The SPY has broken above a resistance line, now potentially acting as support around the 497 level. Bearish Line (Resistance): If the SPY retraces, a previous resistance level of around 495.93 might act as new support. Price Targets: Target Price 1: If there's a pullback, the first lower target could be around the 495.36 USD level. Target Price 2: A further target for a pullback could be near the 493.97 level. Target Price 1 (Bullish): If the upward trend continues, an initial target could be near the recent high of around 498.70. Target Price 2 (Bullish): A continuation of the bullish momentum might aim for a higher target, potentially above the 502 mark. Volume: The chart does not show a significant spike in volume alongside the large bullish candlestick, which could suggest that the buying interest might not be as strong as it could be with higher volume. Summary: The SPY exhibits bullish momentum, with recent price action suggesting continued interest from buyers. The break above what could be interpreted as a "Bullish Line" is a positive indicator, but the lack of a volume spike could warrant cautious optimism. Potential pullbacks should be monitored, and the support levels around 495.93 and 493.97 could be key areas to watch. ** It's overextended, but the market may sustain this position and continue to rise; therefore, opening a short position does not make sense without any confirmation.
AMEX:SPY
by shkspr
S&P Kissed 5000 levelUSD: S&P 500 at 5000 US asset markets are having a good few weeks. Equity benchmarks are pushing up to fresh highs and last night's US 10-year Treasury auction saw decent demand. Leading the charge in US equities has been the big tech stocks. Just looking across the consensus price targets of the 'magnificent seven', the targets remain anywhere from 6% (AAPL) to 20% (AMZN) above last night's closing levels. The only one of the seven with a lower price target is Nvidia, where this year's 50% rally has overshot a price target largely there since last summer. Whether the psychological 5000 level in the S&P 500 now proves something of a hurdle remains to be seen. But from the equity analyst community anyway, the consensus is that there is more to come. After the Fed/Powell pushed back hard on a rate cut in March, and, the payrolls data reinforced the message, the market's attention is shifting to the May meeting probabilities. We believe the Fed’s hiking cycle is complete and that the Fed will remain on hold at the current Fed funds rate range of 5.25-5.5% until the first 25bp cut in May, after which we expect 25bp cuts in June, July, and September followed by quarterly cuts until the terminal rate range reaches 3.25-3.5% in September 2025, although the risks are skewed toward a June start to rate cuts. On balance sheet policy, we expect the Fed to announce that it will start tapering the pace of balance sheet runoff in May and to end runoff in 1Q25.
OANDA:SPX500USDShort
by Elite_Forex
Extension of the trend? Or a large corrective pattern?Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
SPREADEX:SPX
by mehdi47abbasi79
The Pitfalls of P&L Obsession in Trading 📉🧘‍♂️Hey TradingView Community! 👋 Today, let's talk about something that often takes center stage in our trading journey: Profit and Loss (P&L). While it's natural to be driven by the desire for profits, it's crucial to understand the importance of avoiding an unhealthy obsession with P&L. 🚫 P&L Obsession: The Downfall of Many Traders 🚫 🔹 Emotional Rollercoaster: Constantly staring at your P&L can be emotionally draining. Every tick in the wrong direction can lead to anxiety, overtrading, and impulsive decisions. Remember, trading is as much about mental discipline as it is about strategy. 🔹 Short-Term Focus: Focusing solely on your P&L can lead to a short-term mindset, where you're more concerned with daily or even hourly fluctuations rather than the bigger picture. This can lead to missing out on long-term opportunities. 🔹 Neglecting Risk Management: An obsession with profits can make you neglect the crucial aspect of risk management. Proper risk management is the backbone of successful trading and should never be overshadowed by potential gains. ✅ The Right Approach: 🔹 Trade the Process, Not the P&L: Instead of fixating on your P&L, concentrate on following your trading plan and strategy diligently. Your consistent actions and adherence to a well-thought-out plan will eventually lead to a positive P&L. 🔹 Focus on Learning: Use each trade, whether it ends in profit or loss, as an opportunity to learn and improve. Analyze your trades, identify mistakes, and adapt your strategy accordingly. 🔹 Patience is Key: Trading is a long-term endeavor. Rome wasn't built in a day, and neither is a successful trading career. Embrace the ups and downs, and remember that consistent, disciplined trading will yield results over time. 🔹 Balance is Everything: Strike a balance between monitoring your P&L and staying emotionally detached from it. You should be aware of your financial health but not consumed by it. 🔹 Community Support: Engage with the TradingView community for insights, advice, and emotional support. We're all in this together! In conclusion, while tracking your P&L is essential in trading, it should not become an obsession that clouds your judgment and emotions. Remember that trading is a journey, and the focus should be on continuous improvement, risk management, and discipline. Stay patient, stay calm, and success will follow. 🌟📈 Share your thoughts and experiences on this topic! How do you strike a balance between tracking P&L and maintaining a healthy trading mindset? Let's discuss! 👇💬
SP:SPX
by Astonut
SP500 ready to breakout of the Wedge - Which direction though?There are conflicting signals with the SP500. Yes it is definitely in a BULL market no doubt about that. This is defined as a rising trend and with 7>21>200. And the price is above 200MA (main decider). However, the indicators are showing a potential Sell Divergence as the RSI is making lower highs. This does seem to be a Rising Wedge but the concern is the low direction of the prior trend. This is a classic example to play the trade depending on the breakout. If it breaks up the next target could head to 5,531 If it breaks down, we could see it heading back to the 200MA with a target of 4,415 Which direction are you vouching for?
SP:SPX
by Timonrosso
$4,900 a historic momentYesterday, the SPX closed above $4,900 for the first time in history. Now, the question is, can it close above this level for multiple consecutive days? If yes, it will be positive for the index. However, a breakdown below $4,900 will be slightly concerning. Similarly concerning will be if RSI, MACD, and Stochastic start reversing to the downside on the daily graph. As a result, we will keep monitoring the situation and update our thoughts on the asset with the emergence of new developments. Illustration 1.01 Illustration 1.01 shows the daily chart of the SPX and simple support/resistance levels. Illustration 1.02 While waiting to see what path the SPX will take, we want to note that investors’ confidence seems to be eroding in the Chinese markets despite the announcement of new stimulus measures in the last two weeks. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Its purpose is purely educational.
SP:SPX
by Tradersweekly
1
SPX500 - BULLISH OR BULLISH? (TARGET 4910 AND BEYOND)A bit of a late post as the market is moving faster than my fingers can type but let's see how relevant this is regardless. Here is what I see: What is on the chart? (follow the steps) 1) A strong price accumulation that gives us a potential liquidity target for later on! For now bullish until said otherwise. 2) The BOS level that serves as support. 3) The formation of a trendline which is bullish. 4) Our 1 Hour bearish FVG that may stunt price temporarily. Hence my trajectory leading downwards first! 5) ( NOW ) An accumulation structure that may propel price or lead it lower to our GOLDEN LEVEL! 6) The entry of the Gods. Yes, I am very enthusiastic but if I were to enter, it is here. We have an FVG + fib reload zone + trendline + hourly Kumo. I mean what else does a trader need? A crystal ball? No. 7) The final target. If we're bullish, what better than an ATH as a target? As always, stay cold headed (unlike myself because when I see such a beautiful confluence of entry conditions, I just get excited) and happy trading! ;)
FX:SPX500Long
by Lexi_Is_Trading
SPX S&P 500 TO 5000 Sure, here's a bullish perspective on the S&P 500 index: 1. **New Bull Market**: The S&P 500 index has officially entered a new bull market¹²⁵. This is a positive sign for investors as it indicates a period of rising prices and investor confidence¹. 2. **High Interest Rates**: Despite high interest rates, which were one reason for the stock market decline in 2022, the S&P 500 has shown resilience¹. This could be an opportunity for certain stocks that benefit from these conditions¹. 3. **Strong Performance**: The S&P 500 index has continued to climb to new highs in recent days². This upward trend is a positive sign for investors. 4. **Rare Bullish Signal**: Stocks have flashed a rare bullish signal that suggests the S&P 500 is about to soar another 20% next year³. This signal has only occurred seven times over the last 44 years, leading to an average gain of at least 20% in the S&P 500 over the next year³. 5. **Diversification**: The S&P 500 includes around 500 large cap equity stocks, providing a diversified investment that spreads risk across many sectors². Information technology represents the largest sector, with 28.9% of the index².
SP:SPXLong
by NYRUNSGLOBAL