S&P 500 Analysis: Approaching All-Time High with Critical LevelsS&P 500 Analysis
The price has risen approximately 1.00% since yesterday, driven by strong earnings results. It is currently aiming to reach the (ATH) of 6100. A pullback to 6073 and 6051 is likely if the price stabilizes below this level.
However, if a 4-hour candle closes above 6100, the bullish trend is expected to continue, targeting 6143.
Key Levels:
Pivot Point: 6100
Resistance Levels: 6120, 6143
Support Levels: 6073, 6051, 6020
Trend Outlook:
Bullish if the ATH of 6100 is broken.
Bearish while the price remains below 6100.
previous idea:
SPX (S&P 500 Index)
S&P500: Be careful of this 4H Golden Cross.S&P500 is on a very healthy bullish 1D technical outlook (RSI = 61.261, MACD = -3.250, ADX = 30.268) and on 4H it is about to form the first Golden Cross since August 21st 2024. During these 5 months, the trend has been heavily bullish but the 4H Golden Cross only managed one last High before the price corrected again to the 1D MA100. The 4H RSI indicates that we might technically be at the start of this final High pricing. For now we will stay bullish (TP = 6,165) but after that, we will only buy again on the 1D MA100.
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S&P500 smashed every Resistance on its way to 6350.The S&P500 index (SPX) hit and rebounded today on the 1D MA50 (blue trend-line), following last week's break-out. This is the confirmed start of the technical Bullish Leg of the 6-month Channel Up along with the 1D MACD Bullish Cross.
Having made a Higher Low on the 1D MA100 (green trend-line) last Monday (January 13), we are expecting the standard 1.786 Fibonacci extension as the next Higher High of the pattern. That gives us a 6350 Target.
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Conflicting signals for the S&P 500 just off its record highThe S&P 500 closed less than 4 points from its record high on Wednesday. On one hand, the reversal candle with bearish volumes suggest a pullback, on the other we've seen bears humbled under similar scenarios over the past 18 months. Today I explain why I think a bullish breakout is on the cards, while highlighting my bearish concerns for market positioning.
Matt Simpson, Market Analyst at City Index and Forex.com
SPX6900: BULLISH CHANNEL WITH KEY DEMAND ZONE$SPX6900/USDT 12H Analysis
📊 KEY STRUCTURE SETUP
Price Action:
• Trading within ascending channel (purple lines)
• ATH Zone: $1.60-1.80
• Strong demand zone: $0.85-1.00
• Current: $1.29 (-0.34%)
• Volume: 51.96K showing consolidation
FORECAST (yellow projection):
- Potential pullback to demand zone
- Channel target: $2.00-2.20 range
- Maintaining bullish structure
Trading Setup:
• Buy Zone: $0.85 -$1.00 (demand)
• Targets:
T1: $1.70 (ATH retest)
T2: $2.00 (channel top)
• Invalidation: Break below channel $0.80
#TechnicalAnalysis #Crypto #Trading
US Investors Focus on Earnings and S&P 500 OutlookUS Equity Investors Focus on Corporate Earnings and Policy Announcements
US equity investors are set to focus on major corporate earnings this week while also keeping an eye on potential trade policy announcements from the Trump administration and developments in macroeconomic data.
S&P 500 Analysis
The S&P 500 price continues to exhibit bullish momentum, supported by strong buying pressure and robust fourth-quarter earnings results.
There is potential for a corrective move toward 6000, which could act as a springboard for a further rally. If the price pushes higher, it may target 6051, and a sustained move above this level could see it test 6099. A 4-hour candle close above 6099 would strengthen the bullish case.
To turn bearish, the price must break below 6000 and achieve a 4-hour candle close below 5969.
Key Levels
Pivot Point: 6020
Resistance Levels: 6051, 6099, 6143
Support Levels: 6000, 5969, 5937
Trend Outlook
The trend remains bullish while the price stays above 6020 and 6000. A break below these levels could indicate a bearish shift.
Previous idea:
Two Daily Gaps attract market for pullbackAlthough S&P500 is within uptrend, recent days has left two clearly visible gaps behind. That means that it is highly possible that SPX will come back to cover those gaps in the near future, before it continue uptrend (if it will). Same picture at NDX chart with two 4H gaps.
I take this idea to apply to all markets including crypto. While chances to resume higher timeframe uptrend are valid for Bitcoin, Stock Indices will most probably influence it's short term price action.
Nightly $SPX / $SPY Predictions for 1.21.2024🔮
📅 Tue Jan 21
🗓️ Day 2
📍 WEF Annual Meetings
📅 Wed Jan 22
🗓️ Day 3
📍 WEF Annual Meetings
📅 Thu Jan 23
🗓️ Day 4
📍 WEF Annual Meetings
⏰ 8:30am
📊 Unemployment Claims: 220K (prev: 217K)
⏰ 11:00am
🛢️ Crude Oil Inventories: -2.0M
📅 Fri Jan 24
🗓️ Day 5
📍 WEF Annual Meetings
⏰ 9:45am
📊 Flash Manufacturing PMI: 49.4
📊 Flash Services PMI: 56.8
⏰ 10:00am
📊 Existing Home Sales: 4.19M (prev: 4.15M)
📊 Revised UoM Consumer Sentiment: 73.2
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will get pinned down at HPZ back into the EEZ.
📊 OPEN WITHIN EEZ:
A lot of resistance overhead. Markets should cool down after the gaps from last week. Small rally into fade downwards.
📉 GAP BELOW HCZ:
We will likely get a small bounce and hold.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Nike Price Earnings Ratio is similar to 2017 or not ?
Quoting P/E Ratio meaning:
Investopedia
" What Is the Price-to-Earnings (P/E) Ratio?
The price-to-earnings (P/E) ratio measures a company's share price relative to its earnings per share (EPS). Often called the price or earnings multiple, the P/E ratio helps assess the relative value of a company's stock. It's handy for comparing a company's valuation against its historical performance, against other firms within its industry, or the overall market."
end of quote
SPX: on a tricky pathDuring the previous two weeks, the US equity market went through a short term correction, amid investors fears that the Fed might halt further cuts of interest rates during the course of this year, due to stronger than expected jobs market and potential surge in inflation in the US. The December inflation figures were posted during the previous week, which showed that the inflation in the US was held below market expectations, which brought back some optimism among investors. The S&P 500 recovered from losses, and ended the week at the level of 5.996. However, the question still remains if the index took a path toward the upside, or is this only a short term optimism? An inauguration of the new US Administration is scheduled for January 20th, where the markets will closely watch what measures will be actually taken within the first week, from all the promises from the pre-election period. The most challenging move is the one related to trade tariffs with China, which might bring some negative impact to the US economy. In this sense, Monday will be a day to watch during the week ahead.
For one more week, tech stocks were in the focus of market attention during the previous week. Tesla stocks gained over 3% for the week, followed by other big tech companies and the semiconductor industry. The only stock that is still struggling to regain market cap is Apple, whose shares were hit by news that Apple is losing market share in China due to strong competition from local smartphone producers. Banking sector was also closely watched, as they posted quarterly results. As their earnings were higher from expectations, the stocks of major US banks gained significantly within the week. Goldman Sachs and CITI Group were traded higher by roughly 12%, while JPMorgan was traded higher by 8%.
For the week ahead, Monday is the day to watch. After the President-elect won the US elections in November, the market reacted in a positive manner. Whether this optimism will continue to hold after his inauguration is to be seen during the week ahead.
BRIEFING Week #3 : Peak Stupidity ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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S&P500 Only buy above this level.S&P500 is trading on a Channel Up and today crossed over the MA50 (1d) again.
In order to confirm any bullish sentiment, it has to cross above the Falling Resistance coming from the previous high.
If it does, it can technically follow the growth % of the previous bullish waves that was +7.15%.
Trading Plan:
1. Buy if the price crosses above the Falling Resistance.
Targets:
1. 6180 (+7.15% from the bottom).
Tips:
1. The RSI (1d) has already crossed over its MA trendline. Already a strong bullish breakout.
Please like, follow and comment!!
Notes:
Past trading plan:
SPX: MTF Cluster Support at 5,810 with EMA Confirmation StrategyCurrent Technical Setup
The SP:SPX is testing a significant cluster support level at 5,810, identified by FibExtender Pro with multiple timeframe confluence. The price has shown a clear reaction at this level, making it a potential launching point for a bullish move.
Entry Conditions
Primary Triggers Required:
8 EMA crossing above 34 EMA on 30-minute chart (currently bearish)
Price breaking above last swing high at 5,850
Price holding above cluster support at 5,810
Price Targets
First target: 6,000 (psychological level and major cluster resistance - 4 levels)
Second target: 6,170 (cluster resistance - 3 levels)
Risk Management
Stop Loss Parameters:
Place stops below 5,810 cluster support
Exit if price fails to hold above EMAs after entry
Cancel setup if entry triggers aren't activated
Timeframe Analysis
30-Minute Chart:
Currently bearish configuration
8 EMA below 34 EMA
Waiting for bullish crossover and Price breaking above last swing high at 5,850
Weekly Chart:
Strong bullish structure
Moving averages stacked positively
5,810 cluster support adds confluence
50 EMA > 200 EMA (bullish)
Time-Based Considerations
The January 13 time cluster provides an additional layer of confluence for potential trend reversal. This timing aligns with Fibonacci principles suggesting higher probability setups when time and price zones converge.
Special Notes
The mixed signals between timeframes require patience. The weekly chart provides a strong bullish foundation, but entry must wait for 30-minute confirmation signals to align. The setup becomes invalid if price breaks below cluster support without triggering entry conditions.
S&P 500 / Consolidation with Bearish and Bullish PotentialS&P 500 Analysis
The price needs to stabilize below 5,969 to target 5,937, and breaking this level would confirm a continuation of the bearish trend towards 5,893.
Alternatively, the price must break above 5,969 by closing a 4-hour or 1-hour candle to signal a bullish trend, with potential upside targets at 6,022.
Currently, the market is consolidating between 5,937 and 5,969.
Key Levels:
Pivot Point: 5,969
Resistance Levels: 6,000, 6,022, 6,057
Support Levels: 5,937, 5,908, 5,864
Trend Outlook:
Consolidation is observed between 5,937 and 5,969.
S&P500 - Preparing For The Final Bullrun!S&P500 ( TVC:SPX ) is still heading higher:
Click chart above to see the detailed analysis👆🏻
Although the S&P500 has been creating new all time highs for the past couple of months, charts are clearly telling us that this bullrun is not over yet. We already saw two textbook cycles of +90% each and during 2025, we will see the completion of the third and final bullrun.
Levels to watch: $7.000
Keep your long term vision,
Philip (BasicTrading)
Nightly $SPX / $SPY Predictions for 1.16.2024🔮
📅 Thu Jan 16
⏰ 8:30am
📊 Core Retail Sales m/m: 0.5% (prev: 0.2%)
📊 Retail Sales m/m: 0.6% (prev: 0.7%)
📊 Unemployment Claims: 210K (prev: 201K)
📊 Philly Fed Manufacturing Index: -5.2 (prev: -16.4)
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will hold and run higher. Weekly will pin it down.
📊 OPEN WITHIN EEZ:
Craziest thing was the amount of people trying to call the top today. For tomorrow, any dip would be bought back up unless people start being unanimously bullish.
📉 GAP BELOW HCZ:
Instead of a decisive move, it will be volatile, so daytrade.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing