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:
S&P 500 (SPX500)
SPX500 H4 | Potential bullish bounceSPX500 is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 6,042.53 which is an overlap support.
Stop loss is at 5,995.00 which is a level that lies underneath an overlap support.
Take profit is at 6,102.21 which is a multi-swing-high resistance.
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Hellena | SPX500 (4H): LONG to resistance area 6104 (Wave 3).Colleagues, I see that the price has completed wave “4” and is now forming wave “5” of the higher order.
I believe that the price may go into correction in the lower wave “2” to the area of 50% Fibonacci level 5896.9, after which I expect the upward movement to continue to the resistance area 6104.
The upward movement is the priority, so I warn that the price may just continue to move upward, updating the wave “1”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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
S&P ES Long setup target 6129 / Calls SPY target 605Fibonacci technical analysis : S&P 500 E-mini Futures CME_MINI:ES1! has already found support at the Fib level 78.6% (6020.50) of my Down Fib. Last Daily candle (Jan 17) has closed above retracement Fib level 78.6%. My Down Fib guides me to look for ES1! to eventually go up to hit first target at Fib level 127.2% (6129.00).
CME_MINI:ES1! – Target 1 at 127.2% (6129.00), Target 2 at 161.8% (6206.00) and Target 3 at 178.6 (6243.50)
Stop loss slightly below the 61.8% retracement Fib level (5983.00).
Option Traders : My SPY AMEX:SPY chart Down Fib shows price to go up to Target 1 at 127.2% (605), Target 2 at 161.8% (613) and Target 3 at 178.6 (616)
Stop loss slightly below the 61.8% retracement Fib level (592).
NVIDIA's Momentum A Breakout Story in Progress1. Trend and Structure
The chart showcases an upward momentum, breaking out of a prior resistance level, indicating bullish pressure. The breakout aligns with the upward-sloping trendline, which serves as a strong support structure.
2.Breakout Confirmation
The price has successfully broken through a resistance level, confirming a bullish breakout. This signals potential continuation toward the marked target zone.
3.Entry Point
The entry appears to have been taken near the breakout point, at approximately $141.60, aligning with the bullish momentum.
4. Target (Take Profit)
The take-profit level is marked at $152.94, representing a reasonable upward move from the breakout point. This target aligns with the continuation of the trend.
5. Stop Loss
The stop-loss level is placed at $133.46, below the recent support and trendline. This level ensures protection in case the breakout fails.
6.Risk-Reward Ratio
The setup demonstrates a healthy risk-to-reward ratio, with potential gains outweighing the risks. This indicates a well-calculated trade.
7. Technical Indicators
The momentum of the candles breaking the resistance shows strong bullish interest. No immediate signs of bearish divergence or reversal are visible in the chart.
The chart reflects a bullish breakout setup in NVIDIA's stock price. With strong momentum and a clear trendline breakout, the trade aligns well with the current upward movement. The target and stop-loss levels are well-placed, adhering to a disciplined trading strategy.
Morgan Stanley Breaks Free A Bullish Wedge Reversal in ActionMorgan Stanley (MS) on the 4-hour chart has confirmed a breakout from a descending wedge pattern, signaling a strong bullish reversal. The breakout is accompanied by increased momentum, as indicated by the clean surge above the wedge’s upper boundary. This setup is a classic reversal signal, with bulls reclaiming control.
The entry is placed at 137.87, capitalizing on the breakout momentum. The stop loss is strategically positioned at 123.50, below the wedge’s lower boundary, to safeguard against invalidation of the setup. The take profit is set at 155.35, aligning with the wedge’s projected target based on its height.
The trade exhibits a solid risk-to-reward ratio, and the breakout aligns with the broader bullish market sentiment for the stock. With buyers driving the price upwards, this trade setup offers a high-probability opportunity for trend continuation.
SPX 500 Returns to All-Time HighsAfter two days of Trump’s official inauguration at the White House, the market maintains a short-term optimistic bias. This has allowed the price to rise by more than 1.5% as expectations grow for low-tax policies that could potentially boost domestic consumption in the United States.
Steady Trend:
The growing wave of buying positions has brought focus back to the long-term trend that has persisted in the stock index for several months. However, the price will now need to confront the resistance zone at all-time highs to confirm the bullish bias in the coming sessions.
RSI:
At the moment, the RSI line maintains a significant upward slope and marks levels above the neutral zone at 50. However, it is approaching the inflection point near the overbought zone marked by the 70 level of the indicator. RSI oscillations near this zone could begin to trigger bearish corrections in the actual resistance as an imbalance of long positions starts to emerge.
Key Levels:
6.082: The most important short-term resistance level, coinciding with all-time highs and the upper Bollinger Band. Consistent oscillations above this level could set a new record high and reinforce the formation of the long-term bullish trend.
5.963: A nearby support level, located in the middle of the current small lateral range, which could serve as a resting point for future bearish corrections in price.
5.847: The definitive support level, where the latest market lows coincide with the barrier marked by the 100-period moving average. Persistent price oscillations below this level could jeopardize the current long-term bullish bias and pave the way for a fresh wave of selling pressure.
By Julian Pineda, CFA - Market Analyst
SPY/QQQ Plan Your Trade For 1-22-25: BreakAway PatternToday's BreakAway pattern suggests the markets will attempt to move aggressively away from yesterday's closing price level. I do believe the markets are over-extended to the upside. Which is why I continue to warn traders that we may be nearing a top/peak price level and to prepare for a rollover type of top in the SPY/QQQ.
My broad cycle patterns suggested the markets would top near Jan 20-21. I believe we are seeing a type of carryover momentum move to the upside as a result of optimism related to the Inauguration.
Now that the Inauguration is complete, I believe the markets will start to "resettle" into reality.
The SPY/QQQ should move into a rolling type of top pattern over the next 3-5+ days, then trend downward into my Feb 9-11 DEEP-V Base/Bottom.
Gold and Silver are likely to move higher in an attempt to hedge against global risks and uncertainty.
BTCUSD is moving through the current EPP pattern as the flagging breaks down. This should prompt a move back to the 92k level, then a brief pause before trending further downward.
Remember, the markets are likely to stall out through H1:2025. Get ready for volatile price swings before we move back into trending near the end of 2025.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$SPY hold of $580-588 region sets up long to $614-630AMEX:SPY looks like it's formed a low for the short term when it failed the H&S pattern.
From here, I think it's likely that we fall back into the $580-588 to scare everyone into thinking there's more downside, but if that region holds, it'll set up a trigger long all the way up to the $614-$630 region.
I think the move higher should play out by mid-February (again if that $580-588 region holds). If it fails, then we're looking back down at the lower support level $545.
If we do end up going higher, I think that $630 region will be the short term top and it'll set up a move down to $545 before we move higher.
SPY/QQQ Plan Your Trade Update For 1-21-25 : Cycle Top FormationThis video highlights my cycle research and why I believe the US markets are very close to a market top right now.
My research suggests the US markets would rally into the Inauguration and reach a peak near Jan 20-22. I believe the markets are very close to a market top right now, and there is limited opportunity to the upside currently.
I believe there is a bigger opportunity for a pullback in the SPY target 578 to 585 (roughly), where I believe the SPY will find support.
Gold & Silver should continue to price in additional risks and rally over the next 3+ weeks. I believe Gold will target $2880, then stall a bit before rallying up above $3000. Silver should target $33.50 to $34.25 at the same time.
Bitcoin continues to be range-bound. At this time, I believe the most logical outcome for BTCUSD is a breakdown attempt until the US settles on deregulation policies.
Let's see how this plays out over the next few days/weeks.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
2025-01-21 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
comment: One again we saw a huge Globex sell spike but now follow-through. Bulls are on their way to 6100 and there we will see how many buyers we can find to retest the ath 6186. Plan is simple, trade the bull channel/expanding triangle until clearly broken.
current market cycle: trading range (obvious bull trend on lower time frames)
key levels: 6000 - 6100 (above 6100 comes 6200 into play)
bull case: Bulls are in BTFD mode and making higher highs again. 6100 is their next target and the last resistance until 6186. Problem for the bulls is that we get decent sell spikes and holding through them is tough. That is probably why we see bigger profit taking when we print new highs.
Invalidation is below 6000.
bear case: Bears ask themselves how many pushes on whatever time frame bulls can honestly get. The 6100 likely won’t hold but how many are willing to buy above 6100 when we could easily pull-back 100 points. We will find out tomorrow. Bears don’t have many arguments. We have a clear bull pattern upwards and the best they can hope for is to scalp short on new highs for a decent pull-back. Until bears can close consecutive bars below 6000, I would not look for bigger shorts. Given the current erratic price action due to orange man tweets, it’s a wild ride. Trade smaller and with wider stops.
Invalidation is above 6120.
short term: Bullish for 6100, then Neutral until clearly breaking out above again. Targets above are 6186 and then 6200.
medium-long term - Update from 2024-12-22: Ultimately 5200-5300 in 2025. Again, rough guess as of now and since we have not seen a strong first bear leg, these targets are the lowest I am willing to give an honest outlook about. If bears surprise and we see a huge leg down to 5500, we will go much lower for the second and third leg.
current swing trade: None
trade of the day: Buying 6000, duh. Otherwise literally every touch of the 1h 20ema.
QQQ vs S&P500Today we are looking at a ratio chart from TradFi. We are plotting the ratio of Nasdaq100 vs S&P 500. Even if both charts observed separately tell us the same story. That we are in a bullish uptrend on the daily chart for the past 1 year. But the ratio chart clearly shows Nasdaq100 peaked out relative to S&P 500 on Aug 2024 just prior to the unravelling of Yen carry trade. Since then, the ratio has not broken to the upside and registered an ATH even if the tech stocks have been doing exceptionally well recently. The ratio of QQQ vs SPX is within a local uptrend but still within the upward sloping Fib Retracement level between 0 and 0.618. The tech heavy QQQ can and will claim leadership once we break out of the range in the upward sloping Fib retracement level and break above the 0.618 levels.
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.
SPY/QQQ Plan Your Trade For 1-21 : GAP Breakaway PatternAfter a long weekend, Trump's Inauguration, dozens of Presidential EOs being signed, and the markets searching for direction while nearing my cycle top/peak date (1-20) - I suspect the markets will move into a moderate sideways/topping type of price action over the next 3-4+ days.
It makes sense to me, after watching BTCUSD attempt to rally above the $108k level and fail, that we are moving into a post-Inauguration "reality" phase for the markets.
Yes, the US markets and economy are still clicking right along. We've seen an incredible rally from the 2022 lows, and I believe the markets may stall into a sideways (megaphone) type of pattern in early 2025.
If my research is correct, the process of stabilizing the US economy around Trump's policies and plans will take about 3-4+ months to actually materialize.
Yet, at the same time, the US economy is clicking along quite well, and I expect Q1 & Q2 2025 to be well within expectations - unless something massive breaks.
So, we are moving into my TOPPING pattern area right now. I strongly suggest traders prepare for a moderate pullback in price starting possibly near 1-23 to 1-24. Until then, I believe the markets will be "seeking a top" - that means trying to rally into resistance.
BTCUSD has already reached a peak and is moving into a new EPP pattern.
Gold and Silver should attempt to hedge risks and that means metals should attempt to break away from the current FLAGGING formation.
Things are about to get very interesting.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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:
Market Forecast UPDATES! Jan 20 MondayIn this video, we will update the forecasts for the following markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Nike's Technical rating "Indicator" since day one is flashing!The only other time we have had such a low readings we had (-76%) drawdown, we are setting on (-60%) this week therefore the risk down is another 16% correction. I have copied the following from Tradingview website to give u an insight on this indicator !
" Definition
Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to find profitable trades.
Calculations
These are the criteria used to determine the rating of the individual indicators used. Note that changes from the last bar are used to determine falling or rising states:
All Moving Averages
Buy — MA value < price
Sell — MA value > price
Neutral — MA value = price
Ichimoku Cloud
Buy — lead line 1 > lead line 2 and base line > lead line 1 and conversion line > base line and price > conversion line
Sell — lead line 1 < lead line 2 and base line < lead line 1 and conversion line < base line and price < conversion line
Neutral — neither Buy nor Sell
Relative Strength Index
Buy — indicator < 30 and rising
Sell — indicator > 70 and falling
Neutral — neither Buy nor Sell
Stochastic
Buy — main and signal lines < 20 and main line > signal line
Sell — main and signal lines > 80 and main line < signal line
Neutral — neither Buy nor Sell
Commodity Channel Index
Buy — indicator < -100 and rising
Sell — indicator > 100 and falling
Neutral — neither Buy nor Sell
Average Directional Index
Buy — +DI line > -DI line and indicator > 20 and rising
Sell — +DI line < -DI line and indicator > 20 and rising
Neutral — neither Buy nor Sell
Awesome Oscillator
Buy — saucer and values are greater than 0, or cross over the zero line
Sell — saucer and values are lower than 0, or cross under the zero line
Neutral — neither Buy nor Sell
Momentum
Buy — indicator values are rising
Sell — indicator values are falling
Neutral — neither Buy nor Sell
MACD
Buy — main line values > signal line values
Sell — main line values < signal line values
Neutral — neither Buy nor Sell
Stochastic RSI
Buy — downtrend and K and D lines < 20 and K line > D line
Sell — uptrend and K and D lines > 80 and K line < D line
Neutral — neither Buy nor Sell
Williams Percent Range
Buy — indicator < lower band and rising
Sell — indicator > upper band and falling
Neutral — neither Buy nor Sell
Bulls and Bears Power
Buy — uptrend and BearPower < zero and BearPower is rising
Sell — downtrend and BullPower > zero and BullPower is falling
Neutral — neither Buy nor Sell
Ultimate Oscillator
Buy — UO > 70
Sell — UO < 30
Neutral — neither Buy nor Sell
The numerical value of the Sell rating is -1, Neutral is 0 and Buy is 1. The group and overall ratings are calculated as the average of the ratings of the individual indicators.
Recommendations for the group or overall ratings are based on this numerical rating value and determined according to the following criteria:
— Strong Sell
— Sell
— Neutral
— Buy
— Strong Buy
The basics
The recommendations given by the indicator are based on the ratings calculated for the various indicators included in it.
The overall rating of the indicator includes two large groups of indicators. The first consists of SMAs and EMAs with different lengths (MA lengths are 10, 20, 30, 50, 100 and 200), the Ichimoku Cloud (9, 26, 52), VWMA (20) and HullMA (9). The second one is calculated on the following oscillators: RSI (14), Stochastic (14, 3, 3), CCI (20), ADX (14, 14), AO, Momentum (10), MACD (12, 26, 9), Stochastic RSI (3, 3, 14, 14), Williams %R (14), Bulls and Bears Power and UO (7,14,28). Each group's rating is calculated separately, so you can select the group in the indicator settings and its respective rating calculation will be displayed on the chart.
What to look for
The Technical Ratings tool is designed to have values that fluctuate above and below a zero line. Its values are plotted as a histogram of red, blue and gray bars, and depend on your selection in the Rating is based on field of the script's inputs, where you can choose to view the value of the MAs rating, the oscillators rating, or the average of both.
Columns are gray when the value of the indicator is between 0.1 and -0.1. Progressively more saturated blue columns indicate rising values above 0.1, and more saturated red columns indicate progressively falling values below -0.1.
The label at the end of the histogram displays the state of the MAs, oscillators, and the overall rating. Its color is determined by the value of the rating selected in the Rating is based on field: gray for neutral, blue for Buy or Strong Buy, red for Sell or Strong Sell.
Summary
Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.
Note: TradingView does not recommend that anyone buy or sell any financial instrument based solely on the recommendations of the Technical Ratings indicator. Recommendations merely indicate the fulfillment of certain conditions of a set of individual indicators that may help the user to spot potentially favorable conditions for a transaction, if this is consistent with his/her strategy. "
end of copy !
Dogegov ($DOGEGOV): Another 100% + returnI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
---SEE MY PREVIOUS ANALYS ON PREVIOUS ENTRY---
Dogegov ( KUCOIN:DOGEGOVUSDT ): Awaiting Optimal Entry Amidst Recent Developments
Trade Setup:
- Entry Price: $0.12455 (Pending Activation)
- Stop-Loss: $0.08754
- Take-Profit Targets:
- TP1: $0.27494
- TP2: $1.01000
Current Price: $0.23538
Recent Developments:
- Department of Government Efficiency ( KUCOIN:DOGEGOVUSDT ): President-elect Donald Trump has announced the formation of the Department of Government Efficiency, abbreviated as DOGE, to be led by Elon Musk and Vivek Ramaswamy. This initiative aims to streamline government operations and reduce wasteful expenditures.
- Market Reaction: Following the announcement, Dogecoin's value has surged, reflecting increased investor interest and market optimism.
Technical Analysis:
- Support Levels: Immediate support is observed around $0.20000, with stronger support near the anticipated entry price of $0.12455.
- Resistance Levels: Key resistance is identified at $0.30000, aligning with TP1, and a significant psychological barrier at $1.00000, just below TP2.
- Moving Averages: The 50-day EMA is trending upwards, indicating sustained bullish momentum.
- Relative Strength Index (RSI): Currently at 70, suggesting overbought conditions; a potential pullback to the entry price is plausible.
Market Sentiment:
The convergence of cryptocurrency culture with political developments has heightened interest in $DOGEGOV. The symbolic association with the Department of Government Efficiency has attracted both crypto enthusiasts and mainstream investors, contributing to increased trading volumes and positive sentiment.
Risk Management:
The proposed stop-loss at $0.08754 limits downside risk to approximately 30% from the entry point. TP1 offers a potential gain of 121%, while TP2 presents an opportunity for a 711% return, indicating a favorable risk-to-reward ratio for this trade setup.
Conclusion:
The intersection of recent political announcements and the cryptocurrency market has created a unique opportunity with $KUCOIN:DOGEGOVUSDT. Awaiting a retracement to the entry price of $0.12455 could provide an advantageous position to capitalize on potential upward movements, supported by current market sentiment and technical indicators.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct thorough research before making any investment decisions.*
US500/SPX500 "Standard & Poor" Indices Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "US500 / SPX500" Indices market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade after the breakout of MA level 5960 (OR) Entry in Pullback 5820
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 6000.00 (or) escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Expected Trend: The US500/S&P500 index is expected to move in a bullish trend.
Drivers of the Trend: The bullish trend is driven by:
Strong US economic growth
Low interest rates
A potential rebound in corporate earnings
Current Price: The current price of the S&P 500 is around 5802.
Client Sentiment: 51% of client accounts are holding long positions on this market.
Top Risers: Some of the top risers in the US500 index include stocks with percentage changes of:
27.55%
5.8%
32.96%
Top Fallers: Some of the top fallers in the US500 index include stocks with percentage changes of:
-26.21%
-17.09%
-49.06%
Dow Jones Index: The Dow Jones index has been holding support, despite rising yields putting pressure on global indices.
Earnings Growth: The S&P 500 is expected to report its strongest earnings growth since Q4 2021, with an 11.9% increase.
Market Sentiment:
Bullish Sentiment: 60% of traders and investors are bullish on the US500/S&P500, expecting the market to continue its upward trend.
Bearish Sentiment: 30% of traders and investors are bearish on the US500/S&P500, expecting the market to pull back or reverse its trend.
Neutral Sentiment: 10% of traders and investors are neutral on the US500/S&P500, waiting for more information or confirmation before making a trade.
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
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Analyzing Key Forex Patterns and IndicatorsAnalyzing the SPX500 chart reveals several key patterns and indicators critical for forex trading
1. Support and Resistance Levels:
Resistance Zone: The blue-shaded area around the 6,071 level is a significant resistance zone where the price has struggled to break through.
Support Level: The horizontal blue line at approximately 5,840 (labeled "SMS") represents a notable support level where buying interest has emerged in the past.
2. Swing High (SH):
The red horizontal line marked "SH" around the 6,077 level highlights a failed swing high, indicating a previous peak in price.
3. Price Movements:
There is a notable decline from the resistance zone around 6,020 to a low near 5,770, followed by a recovery towards the 6,000 level.
4. Volume:
The volume, indicated as "Vol 7.14K" at the top of the chart, provides insight into the trading activity during this period.
Potential Effectiveness of this Technical Signals:
Resistance Zone: If the price breaks above this level with strong volume, it could signal a bullish trend continuation. However, failure to break through may indicate a reversal or consolidation.
Support Level: Maintaining above this support level is crucial for a bullish outlook. A break below could signal a bearish trend and further downside potential which the break has occured.
Swing High (SH): The swing high at 6,020 serves as a reference point for potential resistance. Approaching this level again will be a key area for observing either a breakout or a reversal.
These technical signals are effective in predicting market movements as they reflect historical price action and trader behavior. However, they may fail due to unexpected news, economic events, or changes in market sentiment that can cause deviations from historical patterns.
In summary, the chart offers valuable insights into support and resistance levels, swing highs, and price movements, which are essential for making informed trading decisions in the forex market.