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Spx500analysis

SPX is about to reverse, wave 5 of C is almost completed.Hi everyone, SPX is about to complet the C wave inside this Zig Zag ABC. Max wave 5 target (the 261.8%) fib is at 4500. It's a very clean pattern, impulse down in A, ABC in B and impulse down in C on the 100% fib. SPX is already diverging (bullish Divergence Class A on the RSI). The big question is what's next...? It can be 2 things now, a new higher high or the beginning of a WXY in what i think can be a Cycle Wave 4 retracement. Where this Wave 4 can go ? At least to 3935 in the 0.24 fib from our last wave 2 we made in March 2009. But in between 0.3 and 0.5 more common (probable). Best to you !! Thanks for your comments !
SP:SPXLong
by Crypto_Mercy
SPX500 BEAUTIFUL FREE Entry + Exits!Ignore green entry! The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
OANDA:SPX500USD
by ExclusivelyFX
5
S&P500 INDEX - ATH is comingHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. I'm waiting for an upward movement from the current ones or through ~4650. TP: 4850 and 5000 cancellation of growth, consolidation below 4500 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
OANDA:SPX500USDLong
by trytofeelpositive
7
SPX500 Long Setup$SPX500 Weekly Analysis (Long) Based on the formed ascending channel, I believe price is currently in overbought territory, and as such it will retrace back down to the lower trend line. The zone of interest is between $4,646 and $4,710. That is of course in case the price doesn't go through the highest high level ($4,815), in which case I will either be buying the breakout or wait for a pullback in order to open a long. Those with higher risk appetite may decide to short the security down to the above mentioned level. I personally may do that, but I'm still waiting for some more solid confirmation
SKILLING:SPX500Long
by Quant_
S&P 500 Forecast: Index Pulls Back From 4700 Yet AgainThe S&P 500 has pulled back during the trading session on Thursday to show signs of weakness at the 4700 level yet again. This hesitation is something that we have seen more than once, therefore it suggests that it is going to take a significant amount of momentum to finally break out to the upside. The 50 day EMA underneath sits just below the 4600 level, which is an area that has been noisy here recently as well. That being said, I think the market is probably going to continue to see a lot of volatility as we head towards the end of the year, but I do believe that the “Santa Claus rally” is still going to be the big story. On a pullback, I will be looking at this market for signs of strength and a bounce, therefore I will get long again. I have no interest in shorting this market, we are far too strong and although the last couple of days have been a bit difficult to deal with, we are only down about 0.2% or so from the all-time highs. This is hardly a market that is falling apart, so I think it is only a matter of time before we see value hunters taking control of this market yet again. I think at this point in time it is difficult to get overly aggressive one way or the other, but if we get a significant selling move, then I will be looking to “leg into the position.” I will add slowly and wait for opportunities on signs of recovery to get involved in a market that is obviously heading in one direction over the longer term. I believe that the 4500 level is going to be a bit of a floor in the market, and therefore I think we continue to see plenty of money managers out there willing to pick up value due to the fact that they are chasing those returns. If we were to break down below the uptrend line, then we could go looking towards the 200 day EMA, but it is very unlikely that we will see that happen. If we do, then it could be due to a lack of liquidity as we head towards the holidays. That being said, this is a market that retains its overall shape.
OANDA:SPX500USDLong
by SmoothJB
S&P 500 Forecast: Index Wipes Out Most of Wednesday LossesThe S&P 500 has rallied significantly during the course of trading on Thursday to wipe out the losses from the Wednesday session. We managed to close above the 50 day EMA, as it looks like markets are ready to continue to go to the upside for a longer-term move. All things being equal, this is a market that I think continues to see plenty of interest, as we have seen so much in the way of bullish behavior over the last several months. Yes, the market has negative for a while, but that has been the most recent behavior, and at this point in time it is but a blip on the radar of the longer-term trend. That being said, the market is likely to continue to see buyers looking for value, especially as the end of the year approaches, and people will be looking to reach some type of benchmark for their clients. Because of this, we have the so-called “Santa Claus rally” that typically happens at the end of every year, and I do not see this year being any different. Because of this, I think what we have is a scenario where every dip will be bought into, and we will eventually go looking towards the 4800 level. The market is currently hanging around the 50 day EMA, so that will attract a lot of trading, but at the end of the day the most important thing to pay attention to here is the fact that the jobs number is coming out on Friday, and it will almost certainly cause a significant amount of volatility. The market selling off quite drastically on Friday will almost certainly be bought back into, which is typically the case with the Non-Farm Payroll Friday situation. This is because liquidity disappears, and people will find some type of narrative to start buying the dips. That is what Wall Street does, it finds reasons to go higher. Furthermore, even though the Federal Reserve is pretending like it is worried about inflation, the reality is that the first time Wall Street throws a serious tantrum, they will step in and save the banks. Because of this, it is not really a market so much as it is a bidding war to see who can push things higher over the longer term.
OANDA:SPX500USDLong
by SmoothJB
3
S&P500 Long and Short SetupS&P 500 Weekly Plan Long Setup: 🔵 Entry Level: $4598.0 🟢 Take Profit: $4645.3 (2.05 R) ⛔ Stop Loss: $4574.9 Short Setup: 🔵 Entry Level: $4651.8 🟢 Take Profit: $4599.4 (1.59 R) ⛔ Stop Loss: $4684.7 Reasons: 1) A clear setup would be opening a long position at what was recently resistance, as it is likely to be turned into support. However, this is too obvious of a setup and I believe a lot of traders will place buy orders there, so I believe there may be a fake-out. As such, I will be waiting for a retest of that level and if it holds, I will open a long order. I am mapping this level at the moment, so that I am prepared. 2) The short order is placed at the upper trend line of the ascending channel. It has already been respected 5 times, so I will keep opening short orders until it either fails (price goes through it) or we stop testing it. With that being said, the entry may move up depending on how the price reacts in the next couple of days
CAPITALCOM:US500Long
by Quant_
SPX500 Short SetupS&P500 Short Setup 🔵 Entry Level: $4577.3 🟢 Take Profit: $4532.0 (1.31R) ⛔ Stop Loss: $4612.0 Reasoning: 1) We formed a double top and while the Risk-Reward-Ratio is not very favorable (just 1.3) the setup does provide for quick scalping. 2) With that being said, considering the spread on the platform you are trading (or commission) and the weekend fees (if the target doesn't get hit which is very likely) this trade wouldn't make too much sense, but I decided to share my thoughts just in case.
CAPITALCOM:US500Short
by Quant_