Sp500index
SPX also showing strong upside to come with a C&H target 4,600Cup and Handle has formed over the last few months.
We have had a break up out of the brim level and now looks like the price wants to bounce and run up further.
This is following onto the long position and update we did with the SPX a few months ago.
As traders we need to adjust course and apply new patterns as they come.
7>21>200
RSI>50
Target 4,600
With the Jobs added better than expected last Friday and with the signs of an economic recovery, The US is showing strong signs of a rally.
This could be before the catalyst for the expected fall.
Regardless, I am bullish for now and the charts don't lie!
SPX Model Trading Plans for WED. 02/08Consolidation Ahead? Day 3
The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip your toes but want to wait for a confirmation before stepping in more. The risk is still for an upside spike than for a downside draft while the index is above 4100 on a daily close basis.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a daily close below 4100, with a take-profit on a cross above 4065, and a trailing stop of 33 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 02/08:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4167, 4152, or 4102 with a 9-point trailing stop, and going short on a break below 4163, 4145, 4113, or 4097 with a 9-point trailing stop.
Models indicate no explicit long exits and short exits on a break above 4116 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:16am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
S&P 500 : Next impulse wave potentially building upUp, down or sideways in the next weeks and months? You hear all kinds of opinions from self-appointed experts about how the stock market will develop and where we are right now.
Some just make guesses and cleverly wrap it up in empty TA-worthy phrases, while others try to illuminate the market with fundamental data and key figures to gauge future price developments.
The truth is that anything can happen and every predicted development can still actually occur.
But what is probable? This is my attempt to put the current situation into perspective.
Also to be able to come back to it later and check what really happened.
Stay cool, take care.
SPX Model Trading Plans for TUE. 02/07Consolidation Ahead? Day 2
The surge from post-FOMC last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip your toes but want to wait for a confirmation before stepping in more. The risk is still for an upside spike than for a downside draft while the index is above 4100 on a daily close basis.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a daily close below 4100, with a take-profit on a cross above 4065, and a trailing stop of 33 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for TUE. 02/07:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4123 or 4096 with a 9-point trailing stop, and going short on a break below 4119, 4092, or 4068 with a 10-point trailing stop.
Models indicate no explicit long exits and short exits on a break above 4073 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:35am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX Model Trading Plans for MON. 02/06Consolidation Ahead?
The surge after the FOMC Wednesday and the NFP Friday last week could be consolidating a bit in the near term, unless some unexpectedly bullish macro developments take place. If you are long, could be time to take some money off the table, and if you are short/wanting to go short then you might want to dip your toes but want to wait for a confirmation before stepping in more. The risk is still for an upside spike than for a downside draft while the index is above 4100 on a daily close basis.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a cross below 4100, with a take-profit on a cross above 4055, and with a trailing stop of 33 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for MON. 02/06:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4120 or 4103 with a 9-point trailing stop, and going short on a break below 4117, 4100, or 4080 with a 9-point trailing stop.
Models indicate no explicit long exits and short exits on a break above 4086 for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:16am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
KEY resistance for RISK ONEquities continued its climb towards the upside earlier on last week.
However on Friday, the S&P500 posted a decline forming a bearish engulfing candlestick at the resistance level at 4181 region, potentially indicating a short term reversal for the S&P500 with first target at 4045 support.
🟩 GOLDEN CROSS turns $100k to $72M 👇WHAT IT IS
A Golden Cross occurs when the 50ma crosses over the 200ma. Having the 50ma above the 200ma is commonly considered a bullish market condition – and generally it is. Before we have looked at SPX Golden Crosses dating all the way back to 12/31/1928.
BY THE NUMBERS
How does the GOLDEN CROSS Compare against Buy&Hold from 1928 to 2023
👉 Golden Cross turns $100k to $72M
👉 Buy&Hold (SPX) turns $100k to $16M
Annual Return % for Golden Cross 7.25% vs 5.57% on the SP500
S&P500 - Decision timeHello traders!
As stated in our previous post, linked in the description, we are following two main scenarios on S&P500.
According to the bullish scenario, the 5 waves labeled in the chart should form a leading diagonal for wave i of C in a primary wave (B) to the upside targeting 4300+. In this case we should now retrace in wave ii of C.
According to the bearish scenario, that movement from december's low would be a triple three correction in wave 2/B and thus we may reverse in a wave 3/C aiming to lower targets (3640 big wolfe wave target) or possibly lower lows. See the chart below
We managed to catch a short entry at @4076.1, and we are going to hold it (stop loss on entry) following this plan:
-if prices arrives to the 3900-3940 area, which is a target in both scenarios (and wolfe's wave target), we will close at least half of the position. At that point we will evaluate whether the decline is impulsive (motive wave) or corrective( three waves). In the former case, once it extends lower and if actvivates the red ascending broadening wedge creating a 5-waves pattern, we will search for adding a short at the retracement. In the latter case, we will evaluate bullish setups around the 3900 area for the green arrow path in the main chart, possibly keeping a piece of the initial short to be hedged for both scenarios.
- If prices spikes up and kicks us out at entry, we will reevaluate a short position around the 4125-4135 area, for a completion higher of the above mentioned leading diagonal, ad apply the same plan to the new short.
As we e xplained before we believe that fundamental news and events unfold simultaneously with the price action, and all the information available is encoded in chart patterns. Nonetheless, it is clear that the FOMC will bring high volatility, so it is important to reduce risk and have a clear plan prepared.
Will update below, happy trading ;)
📈 Mapping The Next SPX500 Targets | 4060 Followed By...Allow 3.3 minutes of your time to read this article.
It should be quick...
We looked at the chart signals recently for the SPX.
I would like to turn our focus now to the next resistance levels/potential targets... Please, join in!
4027 is the next relevant level based on fib. extension but I saw 4060 in a dream. That's the first target.
The next target looks very optimistic but it would only match what we've been seeing develop in the past several months.
It would match every single bullish signal we got from crypto, stocks and other indexes.
4305 is the main target for the current move that is starting to develop.
I am at the edge of my sit... Will it truly develop or will we have a surprise turn?
My bet is up! 👆
What bout yours?
Comments below... 👇
Namaste.
Sometimes Sh!t happens, but its how you turn it around! Missed Gold, missed the Dow, got smashed up on SP500 but trying to turn it around long to minimize the loss for the day. Protect capital and live to trade for another day! 1% down on the day but in recovery and counting on a continuation for the rest of the day higher...
SPX Model Trading Plans for THU. 02/02Soft Landing, Big Tech Earnings...Goldilocks Dreams?
The surge after the rather dovish Powell in the post-FOMC press conference, followed by the earnings from Meta...feeding the bullish spike in the markets, with investors potentially getting drunk on the dreams of Goldilocks scenario going forward. Until something harsh wakes them up to a different reality, this could become the self fulfilling prophecy for the near future.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a cross below 4100, with a take-profit on a cross above 4055, and with a trailing stop of 33 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 02/02:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4203, 4149, 4120, or 4103 with a 9-point trailing stop, and going short on a break below 4197, 4145, 4117, or 4100 with a 9-point trailing stop.
Models indicate no explicit long exits and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:46am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX500 > Bullish Outlook is Very Likely if the Support HoldsThe SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction.
The stability of support levels at 4000 and 3990 depends on the Fed's rate decision. If rates are hiked more than 50 points, the market may turn bearish, and if support levels break, the price may retest the consolidation breakout's top. Key levels to watch include 4000 and 3990.
I would appreciate your support and opinion of this idea. Let's watch the level mentioned with an eagle eye.
Update on our sp500 longHello Traders! Here is our update on sp500 nas100 and us30 we have reached tp1 and have collected profit from jan 27 is when we entered these trades. More setups to come cheers! With news today the market has played out perfect, remember being able to see the bigger picture is more important than small time frame trading
SPX Model Trading Plans for WED. 02/01The FOMC Decision Day!
No surprises in the rate decision just crossing the wires. Of course, the devil would be in the details, to be garnered from the press conference starting at 2:30pm. Nevertheless, our models are already indicating potential trading levels as below.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a cross below 4039, with a take-profit on a cross above 4002, and with a trailing stop of 33 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 02/01:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4096, 4073, 4044, or 4017 with a 9-point trailing stop, and going short on a break below 4068, 4039, or 4014 with a 9-point trailing stop.
Models indicate explicit long exit on a break below 4093, and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 02:16pm ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen