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Spx500analysis

S&P 500 Index Analyze !!!S&P 500 has been moving on Ascending Channel for about 12 years😱. S&P 500 had an Impulse wave with an Extended 3rd Wave . When wave 3 is extended , we can use from Elliott Wave Fibonacci Retracement and Extension Guidelines of extended waves : 🔅 If wave 3 is extended , waves 1 and 5 are often nearly equal in magnitude and duration.= This guideline is running correctly on my chart✅ = The end of the main wave 5 (Zone): 4505 until 4182 🔅If wave 3 is extended , then wave 4 often ends at the level of sub-wave 4 of 3 and is quite shallow (retraces 23.6% – 38.2% of wave 3). This guideline is running correctly on my chart✅ 🔴 Heavy Resistance Zone : 5817 until 5348 . S&P 500 Index Analyze Timeframe 2 Weeks ( Log Scale ) ❗️ Note ❗️: I expect that S&P 500 would go down at least until the middle line of ascending Channel . Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SP:SPXShort
by pejman_zwin
2
ES1! SPX500USD 2023 APR 04 WEEK ES1! SPX500USD 2023 APR 04 WEEK Market may be continued to be marked up. However, exercise caution as weekly bar may be showing a bull trap. Scenario Planning: 1) Possible short if 4175 is rejected 2) Continuation Long if 4082 // 4175 are supported Volume Analysis: Weekly: Low vol up bar close toward high = no commitment to higher prices, possible trapping longs Daily: Ave vol up bar close toward high = non-trend changing Price reaction levels: Short = Test and Reject | Long = Test and Accept 4303 4175 4082 3928 3788 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
SPX - bottom in 2024 (NEW)hi traders! In September this year we have published a trading idea where we identified the Rising Broadening Wedge on SPX chart, which is a bearish pattern and we predicted more downside to come: In November we looked at the chart from a different angle and we published the idea where SPX continues the downtrend as it's getting rejected from the downsloping resistance line: Both publications are still valid and we expect those targets to be reached. Today, in this trading idea, we would like to show you something very interesting on a monthly time frame. What you can see on the chart is that: -Major trendline was acting as a support from the beginning of 2009. It's a very important support as we've never seen a monthly close below this trendline. In 2020 (COVID crash), the price faked out but eventually it closed above the trendline. -Last retest occured in March/April 2020 -We expect that the next retest of this key trendline will be in 2024 as probably the recession will get worse in 2023 . On the other hand, we don't expect such a huge drop like in 2008 /2009 when SPX dropped 57 %. False breakout below the trendline may occur like in 2020 but we believe that a monthly close will be above this major trendline. 2023 and 2024 will be a great time to accumulate stocks (and crypto) at huge discounts. The opportunity will present itself but it's not there yet. Patience is the key. Do you agree? Will the trendline hold this time? Or maybe you think that SPX won't retest it in 2023/24 and SPX has already bottomed out? Share your opinion in the comment section!
SP:SPXShort
by vf_investment
3
SPX Bounce Target ReachedTen days ago, I wrote about a correction of the SPX back the red support zone. Now the time has come to talk about what could happen next. The correction didn't happen in the beautiful fashion i had forseen, but this still works. What i expected was a clear zigzag formation within this falling channel, but we broke the support trendline and reached the first real correction target. After that, the price shot back in the channel. From here, it is most likely that the price will go sideways, maybe in a fashion where it will touch the resistance line once again, or that the SPX is will reach the lower level of this zone, whilst staying in the channel.
SP:SPX
by FetchTeam
SPX: First Down Then UpIt looks like the SPX has topped out temporarily. This woudn't be too farfetched as the previous couple uptrends lasted for 34, 36, 21, 23, 40, and 33 days. Right now, we're looking at a top which has been formed after 28 days. From the looks of it, its trying to form a falling channel. The properties of this pattern are: - Declining parralel support and resistance lines - Price oscilating between the support and resistance lines - Bottom at an important support zone - Going sideways after hitting the bottom, preferibly with a daily bullish divergence I'm still bullish on the SPX for 2023, but for now i'm expecting a small correction.
SP:SPXShort
by FetchTeam
1
#S&P 500 INDEX In its decreasing movement after breaking the trend line, it has created a very harmonic and beautiful trend with a greater slope than the higher time. Currently, in dealing with a resistance level from the previous movements in the range of 4136.85, three ranges are expected before the range of 3898.11 in the areas: 1-4045.50 2-3996.74 3-3935.98 touch There is no need for the trend to reach all the above goals. The price moves towards the trend line with a lower slope. In case of unexpected performance, the ceiling of the previous pattern in the range of 4320.08 is considered an important range.
SP:SPX
by maryammh
SPX500 > Bullish Outlook is Very Likely if the Support HoldsThe SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction. The stability of support levels at 4000 and 3990 depends on the Fed's rate decision. If rates are hiked more than 50 points, the market may turn bearish, and if support levels break, the price may retest the consolidation breakout's top. Key levels to watch include 4000 and 3990. I would appreciate your support and opinion of this idea. Let's watch the level mentioned with an eagle eye.
BLACKBULL:SPX500Long
by ClintOnos
4
S&P500 Technical Analysis-2023Hello everyone, hope you all are doing good. Bullish Probability:(at least one or two weekly candle closes above 4100 than there is a possibility of this playing out). There is an active Bullish Divergence playing out in RSI, so there are chances S&P500 may put new high above 5k. If S&P500 put new High, then it can be a Triple Bearish Divergences, so after that it can be a massive dump of markets. In this case the 1st Bottom will be 3500, so the 2nd Bottom can be massive drop from 5k to 2000, previously S&P500 dropped its 2nd Bottom from 1580 to 670(-57%). Bearish Probability:(at least one or two Weekly candle closes below 3700 than there is a possibility of this playing out) Currently the Fractal of SnP500 looks like similar to the previous oct-2001 to july-2002 Fractal. S&P500 -> falling in a Descending parallel channel -> Breakout/Fake Out little and finally put lower low or 1st Bottom. If this plays out than RSI may fall below 30 - invalidating the current Bullish Divergences. (Sometimes Divergences get invalidated due to forceful movement of Markets). Target = around 3200 OR there is a possibility to fall on the sky Blue trendline. Thank you, please like and share, if you have any questions please comment.
SP:SPX
by nmchary
6
SPX is getting close to it's target boxThis was the title of the last update, which got deleted by the tradingview: "SPX can still make a higher high next week - Jan 19th update" I cannot attach the image but will post it another place, look for info under my bio Since I get banned not even mentioning a site, I will post here only 1-3 times a week. I don't want to waste my time on bringing business to this site. SPX is near its completion move for the C wave up I have had for over than a week now. Targets are at 4065, 4090 and 4110 We close near the first one; tomorrow is the PCE numbers report, which should move the markets. But today, we didn't move on GDP numbers, when before, it was selling off on hot numbers. So the real move might not come till actually the Fed meeting on the 1st. We had a wall into the close, which is a bearish signal and usually ends up with a gap down the next day. As long as we won't exceed Dec high, I'm looking for a move down to 3700 handle if not more. Watch that yellow trendline, it's been a bear-bull line since 2009, and the price is still below it! Night
SP:SPX
by RealTima
5