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Sp500long

In-Depth Analysis of the S&P 500: November 2023 Recent Rally: The S&P 500 has shown remarkable resilience, rallying nearly 10% in November 2023. This surge has brought the index close to its 2023 intraday high, primarily driven by positive earnings among Big Tech companies and easing macroeconomic pressures​​. Current Position: As of now, the S&P 500 is positioned at approximately 4,514, which is just 2.1% short of its 2023 intraday high of 4,607​​. Market Sentiment: The absence of a significant sell-off post the recent gains indicates a continued optimism among investors, suggesting a potential continuation of the upward trajectory​​. Forward-Looking Insights 2024 Forecast: According to a Reuters poll, the S&P 500 is projected to end 2024 with a modest gain of around 3%, finishing at approximately 4,700. This outlook is underpinned by concerns of a U.S. economic slowdown or potential recession​​. Inflation and Interest Rates: There’s an anticipation of inflation deceleration, with a more than 50% chance of a Federal Reserve rate cut by May 2024. This could impact the S&P 500 positively, but Goldman Sachs suggests that rate cuts might not occur until the fourth quarter of 2024, aligning with stronger-than-expected economic growth​​. Earnings Growth: Earnings are expected to grow in the next six months, with overall S&P 500 earnings growth for 2023 estimated at 2.3%. For 2024, analysts predict a more robust earnings rise of 11.2% over the previous year​​. Sector Performance: The technology sector has been the best-performing sector in the S&P 500 for 2023, up 52% so far. This trend is expected to continue into 2024, reflecting the ongoing technology revolution​​. Analysis and Implications : Market Resilience: The S&P 500’s performance in 2023 highlights the resilience of the U.S. stock market, even in the face of macroeconomic uncertainties. The index’s rebound from its October lows signifies strong market sentiment and adaptability. Economic Indicators: The forecast for 2024, while modest, reflects cautious optimism. The dependency on inflation trends and Fed policies underscores the interconnectedness of the stock market with broader economic factors. Investment Strategy: Investors should consider the impact of these macroeconomic trends on their portfolios. With technology stocks leading the way, a focus on this sector could be beneficial. However, diversification remains key, given the uncertainties surrounding economic growth and interest rate policies. Conclusion The S&P 500’s performance in the latter part of 2023 and the outlook for 2024 suggest a market adapting to changing economic circumstances. While there are challenges ahead, the potential for continued growth, especially in the technology sector, offers opportunities for informed investment strategies. Investors should remain vigilant to changes in economic indicators, especially inflation and Fed policies, to navigate the evolving market landscape effectively.
VANTAGE:SP500Long
by Mero-AI
SP500 Update 30.10.2023The SP500 index has been correcting since August. When we look at this correction, I also see that it is in line with the Elliot Wave principle. Last week, the index fell to $4115 and found the support level indicated by the volume profile indicator. I think that the index will find support around this level and return to the uptrend. Therefore, although I think that it will go down to $4060 this week, I think that it will close the week around the $4130 level. At such a close, I will receive a return confirmation. When I receive a return confirmation, I will review my share portfolio in the US stock market and make the necessary purchases.
SP:SPXLong
by YavuzAkbay
2
Updated Top Based On 4103 BottomIf Primary wave 1 finally ended, this the preliminary path for the remainder of 2023. The ABC waves are based on common movement and duration if Primary wave 2 is 278 hours long and moves up 307 points which are the preliminary targets. Once Intermediate wave A ends, updates for B and C (same endpoint as Primary wave 2) should be available. These targets are almost too perfect to be the specific reversal points, but the reversals should exist in the highlighted zones. The percentage levels on the far right have not changed from the last analyst however, the end point in the final week of December is an adjustment based on the two extra days added to the end of Primary wave 1's analysis from Wednesday. Some good volatile trading ahead.
SP:SPXLong
by StockSignaler
9
SPY $400-$410 Support LevelNo need to overthink this one. Pretty clear trend line on a linear chart. Why linear? Cause we aren't looking at multiples in price change, logarithmic wouldn't be best used here, and I have seen many charts showing false trend lines with a log chart. Logarithmic scales are useful when the data you are displaying is much less or much more than the rest of the data or when the percentage differences between values are important. This is not the case, we are only looking at price change from 2020-2023. $400-$410 is a strong support level which I expect to hold, or at least bounce off of. However, this does not mean I expect the SP500 to break to new highs. Ultimately, I cannot predict whether we crash or break to new highs, but I would lean to lower lows. So be cautious here. I plan to open some cheap $420-$430 November calls under $410.
AMEX:SPYLong
by bishopknight
SPY - S&P500 - ES: Beware of the reactionDid you made some NYSE:S too following my posts? Great. But... ...now is the time to beware of the slingshot. See, price has fallen quite nicely and we are all happy campers. Now we have to defend our short position, the ground we gained. And here's why: Although price still trades within the red down-sloping Fork, there are some signs that, soon price has reached it's Max-Stretch, which is when P5/0 is in. Could be at the sliding parallel below the Center-Line, or if a little panic hit's the Market, at the L-MLH. From there, the swing count start new, but this time to the upside. We know that if price zoomed through a Center-Line, the potential for a pullback to it is a given fact. From there, price could continue to the downside, or jumps above it and closes above it. That will be a very obvious sign that price has turned to the upside-swing again. Facts: 1. Price has reached the red CL 2. RSI is oversold 3. P5 could be in 4. POC of the Volume-Profile acts as Support On the Weekly picture, price still has a long way to go, until it reaches the Center-Line of the Pendulum-Swing Fork. At the time of this writing about another 400 Points, to 3800/3750. For now, just be alert to protect your profits. Remember: You can't always eat the whole Cake! Better letting the S&P500 reload and then shoot from higher levels again and give our self another Christmas Gift. §8-) Peace4TheWorld
CME_MINI:ES1!
by Tr8dingN3rd
S&P500 Looks like a good opportunity to grab some liquidityHello trader! I'm interpreting this setup as follows: locally, the trend is upward. After a correction driven by recent news, the price has absorbed a significant portion of the liquidity from below, which was formed during the current week. There's room to move upward in pursuit of the next liquidity. I'm placing the stop loss below the order block. 🚀Please support my efforts with the "Boost" button. ❤️And a comment is the best thing you can do for me now!
CAPITALCOM:US500Long
by CalmTrader_Way
SP500 BULL ACCUMULATIONHello! I see SP500 has formed some bottom on 12H timeframe and closed beyond previous 12H High Point. Bulls are gaining more strength in this market, that has seen 3 weeks of countinious decline. It looks just about to swing higher. Taking into consideration that previous weeks NFP data came out much stronger then forecast, about 330k new payrolls added to the economy tells of a strong labor market. This adds to the FEDs case to raise interest rates further and would be bearish for the SP500. This was not the expected market reaction, instead a small decline was followed by a steep increase and that is telling me bears are running out of steam. Write in the comments what you think will happen next week!
BLACKBULL:SPX500Long
by eediiz
If the S&P500 is to bounce, surely it should be today?We all know that global indices have been under pressure whilst the US dollar and bond yields scream higher. But with the S&P 500 respecting key levels of support and forming a bullish hammer on Wednesday, perhaps it is time for at least a sympathy bounce? Furthermore, the hammer low perfectly respected trend support and closed above the 200-day EMA, with a bullish RSI (2) that curled higher from oversold and the RSI (14) is itself nearing oversold. We're not looking for a strong risk-on rally, but a small bounce (perhaps towards the August lows of 4400 gap resistance level) may not be such a crazy idea. At which point we could seek evidence of a swing high and a potential break of trend support. Naturally, an immediate break of yesterday's low would also invalidate trend support and likely signal its next let lower.
TVC:SPXLong
by CityIndex
SPX to new highs SPX loves cups and handles. All the highlighted Cup & Handles on daily have played out beautifully so far, they all have been to the upside so far, but now we are making one to the downside with targets towards 4150. Then how do we reach new highs? If we zoom out to monthly TF things become clearer. As long as we stay above 0.5 or close above it on monthly, we have a chance to make new highs in a year or so. I have highlighted several upside targets based on where we bounce from on monthly.
OANDA:SPX500USDLong
by zakoraio
SP500 BULLISHMarket Structure: SP500 is in an uptrend making higher highs and higher lows and approaching a key level (support, uptrend line, swing low) and there is likely an accumulation of sell orders which are made up of breakout traders and stop losses of long positions. This accumulation of orders creates enough liquidity for the market to match orders at this low point before positioning to go higher. Trade: Wait for price to close below the swing low point and enter long on a buy stop @ 4378.60
PEPPERSTONE:US500Long
by Mankz
$SPX500USD US500 Continue to Build Upward PressureOANDA: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 extreme strength. At this point, the market looks as if it is going to threaten the 4300 level above, an area that has previously been resistance. We have seen a lot of noise over the last several months, but the resiliency of the market is something that you have to pay attention to. As long as the market stays this resilient, it will be difficult to short anytime soon. The candlestick seems as if it is trying to tell us that the market has made up its mind finally, and that it decided that it’s going higher. If we can break above the 4300 level, then this becomes more of a “buy-and-hold” situation, but you can see that the gains have been hard won. With that, I think you get a situation where you are probably better off looking for short-term dips that you can take advantage of, as they offer value in what is becoming a very aggressive uptrend. That being said, if we were to turn around a break down below the 50-Week EMA could send the market lower, perhaps back down to the 4000 level, and even down to the 200-Week EMA which is currently near the 3770 level. However, it’s probably worth noting that momentum is definitely not on your side if you are going to take this position, and therefore you are probably better off looking for a move to the upside but expecting a lot of volatility. Keep in mind that the S&P 500 is not equally weighted, so it’s just a handful of stocks that make the difference.
CAPITALCOM:US500Long
by DaveBrascoFX
4
S&P 500 Pushing to 6,000 after Wedge BreakFalling Wedge has formed with the S&P 500 since 1 July 2021. We then recently had a breakout above 3,991 which confirmed upside to come. With the strong Engulfing up candles, we can expect the price to soar in the next few weeks. That is if the trend does hold and doesn't cause a fakeout. Price>200 RSI>50 My first target is at 6,000. SMC Below the Falling Wedge, there is a clear sign of Sell Side Liquidity. This is where Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. This causes the price to rocket up each time it touches this Order Block. Now we'll need a strong catalyst for upside to continue. I am rooting for this one...
SP:SPXLong
by Timonrosso
SP500 Bearish ScenarioThe #SP500 diverged 61% from the trend it had referenced since 1940. When we look at such divergences in history, we see that the index has returned to the reference trend. The beginning of this reversal is usually confirmed by a close below the SMA9 on the 3-month timeframe. This level is currently displayed as $4174. In a possible bear scenario, EMA60 or $2651 will guide us for the priority return level. Finally, EMA120, which is already at the same level as the reference trend level, will act as the last support. In addition, looking at the SP500 index in the daily time frame, the McClellan Oscillator, which has been working very successfully since 1900s, turned negative last week. However, another factor that can contribute to my analysis is that the monetary and fiscal policies made by HSBC today are not compatible with the bond and stock markets, and that the current recession will go further.
SP:SPX
by YavuzAkbay
QQQ: I might be wrong (Inverted Chart)I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility of a double top at the very least. At that point though, there is no reason we couldn't keep going and make new highs. The macro economic conditions are not ideal in the slightest but this might be the kind of bull that is largely absent retail and will say that way until we actually start to top. A bull, minus retail, is what this looks like. You are not having investors capitulate easily at all. Buyers have been positioned large and they plan on staying there for a while. Very hard to say. This is by far the hardest market to judge, that I personally have participated in. I am thinking about taking some long positions in certain companies, maybe even the Qs but I will be doing so cautiously.
NASDAQ:QQQLong
by Goontata84
1