S&P 500 : Trade plan for 23 July🕘 S&P 500 : Trade plan for 23 July🕘
Target can act as Support or Resistance,
Trade What you SEE,
Trail Profits at every target or SL at cost.
Spx500analysis
SPX - Potential important levelsSPX seems to running into problems here. It opened gap down today and filled the previous gaps. But it left an unfilled gap on the upside: 4277-4321. If the gap doesn't get filled, it will likely to boost the global sell-off.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Potential Buy setup into 43951)Top-down analysis
Monthly - Previous monthly Closure, Shooting star
Weekly - Very correlated with monthly
(The momentum is very bullish in monthly and weekly)
2) Confluences
a. FIB
b.Trendline 3rd touch
c. Key level
SPX500USD 2021 July 12 WeekOANDA:SPX500USD
SPX500USD 2021 July 12 Week
Bar 1 confirmed as SOW and move was manifested on 06 Jul. Theme last week was similar
to Nasdaq - trapping longs and shake out
Weekly chart: Net gain from previous bar has diminished, volume has picked up slightly..
Daily chart: No significant weakness observed
H4 chart: Shortening of trust, weakness manifesting
Strategy:
Long on retracement is preferred.
1) If price returns to test bar 2, long when price is supported
2) Last bar shortening of thrust. If price hovers around that zone, we may have short opportunity
3) If you see a sudden spike in price and bar closes on its low, forming an upthrust, don't chase
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Have a successful week ahead in whatever you do
SPX500USD 2021 JULY 05 WEEK
OANDA:SPX500USD
SPX500USD 2021 JULY 05 WEEK
New high achieved. Last bar closing on the low.
We will wait for Monday to see if this is mark down for buying or SOW.
Weekly chart : Weakness - shortening of thrust, diminishing volume as price advances
Daily chart : No significant weakness observed.
H4 chart: Last bar is an Upthrust. Wait for Monday to show us if this is mark down for buying or
if this is weakness.
Strategy:
1) If Upthrust for further buying: price goes below UT bar, wait for reversal price action or intermediate support to buy
2) If Upthrust is sign of weakness: Wait for price to come down, return to test the high and price rejection to short.
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Have a successful week ahead in whatever you do.
SPX500: double entry intraday tradeHi Traders,
This is my view on this pair for the next few days
#SPX500
Double entry (wait for evidence after NY opening)
SELL 4255
SELL 4257
SL 4262
TP 4240
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
SPX500USD 2021 June 21 (Intraday)
OANDA:SPX500USD
SPX500USD 2021 June 21 (Intraday)
The past reveals the future. Last week, we opined on possibility of history repeating as price reaches a previous high.
Congrats to those who had not been sucked in as market was marked up and waited for a short.
Price has paused at 50% 4151 of the previous up move.
Scenarios:
1) If price is supported at the 50%, it may test ultra high volume bars 2 or even 1.
2) Price breaks through 50% and target 4078
3) Short opportunity should present itself if price returns to test the high volume bars 2, or even bar 1
4) Price resisted at a previous support turned resistance.
Like and follow if you find this useful. Have a good trading week ahead.
SPX500USD 2021 June 14 (Intraday)
TVC:SPX
SPX500USD 2021 June 14 (Intraday)
Weekly, Daily, H4 = Bullish
Price has approached a previous high, will history repeat?
Not much market participation at higher prices, however will wait for sign of weakness to appear
before taking short position.
Scenario
1) Short if price is rejected since it as at a resistance zone.
2) A convincing break takes volume, else keep stops tight if long
3) if range is narrow and volume is low, stay out of market.
Have a good trading week ahead!
SPX500 back to bull on 30min chartAfter a period of adjustment, SPX500 back to above water range. It wants to go higher.
SPX500USD 2021 May 31 Week (Intraday)
OANDA:SPX500USD
SPX500USD 2021 May 31 Week (Intraday)
Weekly, Daily, H4 = Bullish
Last week 4148 immediate support held and then price found acceptance at 4178-4190
(last week's scenario 2). Long was good.
Scenario:
1) Market to test 4183-4190. Long if supported
2) Daily chart we see an uthrust bar has formed, this is weakness,
so don't be surprised if support is broken, target could be 4148.
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Have a good trading week ahead!
SPX500USD 2021 May 23 Week (Intraday)
SPX500USD 2021 May 23 Week (Intraday)
Weekly, Daily, H4 = Bullish
Last week a re-test of high H presented a good short into previous demand bar 1.
Market then again found its way to test H again.
Scenario:
1) Immediate support 4148 if broken, targets may be 4133, 4108, 4084
2) If there's price acceptance at 4178-4190 region accompanied by
healthy volumes on up bar, we may have a resistance turned support
long opportunity.
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Have a good trading week ahead!
SPX500: my multi-timeframe analysisHi Traders,
This is my long-term overview of SPX500 on a Wyckoff point of view
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
SPX500 could move UP!Hey tradomaniacs,
EUR/AUD aswell as GBP/NZD are still valid as I see a potential for SPX500-Longs 👉
The retracement back to support-zone has attracted buyers to accumulate volume, which can result in more momentum and more strenght for NZD aswell as AUD against other majors.
Currently much of choppiness in the market ahead the FOMC-Event❗️
Let`s see what happens! =)
S&P 500 - Elliott Wave Analysis - CorrectionHi,
Given how the VIX index behaved today, it seems market's correction bottom has reached, for me buy the dip from here.
PS: Corrections are tricky to analyze , trade wisely with not much risk, it can always turn around anytime.
Happy Trading.
US Market Technicals Ahead (17 May – 21 May 2021)Focus this week for investors will be on the minutes from the last Federal Reserve's last policy meeting that are due on Wednesday. There will be hopes that they might provide some clarity on policymakers' next moves. Last month, the Federal Reserve left monetary policy unchanged, despite acknowledging a "temporary" rise in inflation and an improvement in the economic outlook.
Additionally, with a strong U.S. Q1 reporting season winds up; retailers are getting started - Walmart ($WMT), Target ($TGT), Home Depot ($HD), Lowe's ($LOW), L Brands ($LB) and Ralph Lauren ($RL) release results this week. The numbers will show how consumer spending is shaping up as the economy rebounds from the coronavirus. And after U.S. consumer prices rose by the most in nearly 12 years in April, investors will want to see whether price pressures are building for companies. Also, the CDC said fully vaccinated people can stop wearing face masks and end physical distancing in most settings.
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) erased all gains for the month of May, losing -1.31% (-55.4 points), with trading floors awashed with red after a higher-than-expected reading on US inflation fuelled bets of potential tapering of the Federal Reserve’s bond-buying before year’s end.
$SPX is currently trading below its 20DMA, along with an failure attempt to break its minor classical support level of 4,110 highlighted last week. It is also worth to note that $SPX ATR-14 have rebounded from its year low level of 40 points/day, with a 20% increment towards 50 points/day during the week. Trading volume resumption back to its normalcy is also witnessed on 13th May, the day of the rebound.
The immediate support to watch for $SPX remains at 4,110 level, a minor support turned major support level, coinciding with its 50DMA.
S&P (SPX) Where to next?S&P (SPX) Where to next?
Awesome week so far the Volts are back in full action, a high CPI number it was relatively expected moving risk off - DXY to upside, VIX Up, majors down & indices falling. On my week ahead newsletter I went through the indices and stocks of the FAANGS. More specifically I am going to mention Nikkei - That was one of my favourite cleanest set ups for this week and I still further downside ahead.
Now given the high US CPI numbers - 4%. Things get interesting fundamentally. Will they raise rates anytime soon? Will they taper! I think they will mention tapering end of summer August Jackson Hole - Is the key event I am looking out for. However, could be anytime...!
Indices having the worst days since Feb! Technically - it was only the matter of time...! Finally happening BUT...Now we are at a very interesting area
Technically:
Pattern Wise: Longer term - Rising longer term wedge
Key Support area: 4000** Area is key support area if we go below and close below of trendline up - bears will gain further control sell off could continue 3950 areas next move to 200 EMA areas!
Key tip: Focusing on the bigger picture helps execute shorter term trades.
Trade Journal
Just trade idea, not a recommendation
SPX500USD 2021 May 10 Week (Intraday)OANDA:SPX500USD
SPX500USD 2021 May 10 Week (Intraday)
Weekly, Daily, H4 = Bullish
Week of 03 May Scenario 1 materialized, green zone was tested. So short and long was fruitful.
Bar A Ultra High Volume - possible outcomes from this
1) if this is an absorption of supply to break through the previous resistance of 4220 & 4220 can hold, will keep to long
2) If this is an upthrust price and 4240 - 4220 has become resistance, we can expect a good short opportunity.
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Have a good trading week ahead!
SPX500: Will price finally DROP harder?Hey tradomaniacs,
It is getting a little bit tricky now for the stockmarket with the so called "stagflation" showing higher prices for assets and consumer goods (inflation) while the economy stagnates. 👉 An example is the yesterdays weak U.S ISM Index while prices generally rise (Wood,Wheat,Coffee,Gas etc.)❗️
So the question is: How can the central banks continue with an ongoing inflation in order to support the economy to stop the stagnation? Is more stimulus possible even though prices seem to explode? Or is the bubble ready to pop soon and we see a correction and a strong US-Dollar?
The mood is overall upbeat in terms of corona as the investment rate in the USA is really high indicated by a margin-debts but the U.S.-Stockmarket is overall not really moving upwards anymore, which could be a typical "buy the rumor sell the fact" scenario. Also keep in mind that many private-investors are currently invested providing a great opportunity for biggies to take profits / distribute volume.
Is the best of all possible worlds price in? However, I will be very cautious right now and watch the market carefully and focus in short-term-opportunities.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
SPX500USD 2021 Apr 12 Week (Intraday)
OANDA:SPX500USD
SPX500USD 2021 Apr 12 Week (Intraday)
Congrats to those who took long trade per last week's analysis.
Market was kind to materialize the AB=CD target of 4125, and reached 4132
on Friday.
Last H4 candle closed off its high, and we have reached the supply line of the
upward channel. This may present opportunity for short trades on LTF.
And again, also long on pullback
Like and Follow if you find this useful : )
Have a good trading week ahead!
US Market Technicals Ahead (5 Apr – 9 Apr 2021)Stock market gains could continue with with the $SPX index scaling the 4,000 level for the first time last Thursday. IMF’s spring meeting and minutes from the last FOMC meeting and the ECB’s latest meetings will be in the spotlight this coming week.
Investors will also be watching if Congress will pass President Joe Biden’s massive 2 Trillion infrastructure plan announced last week. Markets in China, Germany, the UK and Australia will be closed on Monday for holidays.
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) surged to its all time high with a gain of +1.61% (+64.1 points) for the week, scaling the 4,000 level for the first time last Thursday.
Those gains could continue after the Labor Department reported Friday that the U.S. economy added 916,000 jobs in March, the most in seven months, while jobs growth in February was also larger than previously estimated. T
The immediate support to watch for $SPX is at 3,989 level, a previous resistance turned support level going forward.
IMF meeting
The IMF is to begin its spring meetings (virtually) on Monday where policymakers will give a snapshot of the economic fallout from the pandemic, but also release updated forecasts for growth for 2021 and 2022.
IMF Managing Director Kristalina Georgieva has already indicated that the updated World Economic Outlook will see an upward revision to January’s forecast for 5.5% global economic growth this year.
Central bank minutes
The Federal Reserve is to publish the minutes of its March meeting on Wednesday and investors will be on the lookout for any fresh insights on inflation amid concerns that unprecedented stimulus will lead to rising price pressures.
Fed Chairman Jerome Powell played down concerns about inflation after the bank’s March meeting, saying policymakers see inflationary pressures as transient.
The ECB is to release its latest meeting minutes on Thursday. Last week ECB President Christine Lagarde said investors could test the bank’s willingness to rein in rising borrowing costs “as much as they want”.
Powell, Fed speakers
Investors will be watching an appearance by Fed Chair Jerome Powell who is due to discuss the global economy on an IMF panel Thursday.
Meanwhile, U.S. Treasury Secretary Janet Yellen is to speak at a webinar hosted by the Chicago Council on Global Affairs on Monday to discuss the global economic recovery from the pandemic.
