Spx500forecast
S&P 500 still going up !! Hello everyone , as we all know the market action discounts everything :)
The SPX keeps going on as the Index price moved from 4147.36 to the range of 4371.08 in the last month alone almost a 5.4% increase in 30 days , the price seems to be moving in an rising wedge with no breaking of the trend line, the bulls trying not to lose control to the bears and they hope to keep working to keep this uptrend going and so far it looks like its still on the move.
Using different indicators confirm this movement where we see that :
1_The SPX is at 4327.15 moving above the MA at 4139.02 and EMA at4140.38 (bullish sign)
2_The RSI is at 67.54 showing great strength in the market almost reaching overbought levels, no divergences between the RSI and the market price (bullish sign)
3_The ADX at 26.09 showing that the market is trending with a positive crossover with DI+ at 26.09 above DI- 13.34
Support & Resistance points :
support Resistance
1_ 4315.42 1_4397.65
2_ 4261.28 2_4425.74
3_ 4233.19 3_4479.88
Fundamental point of view :
The prior week saw a bit of excitement around the S&P 500, with the index pulling back on Thursday to trendline support. But the move on the Friday following that sell-off was a pronounced bullish engulfing candlestick that propelled price action to another trendline, helping to mark resistance on a rising wedge pattern.
That bullish engulfing candlestick led into another move of strength on Monday, with prices setting that fresh all-time-high, with another showing up in US markets on Tuesday a few hours after that 5.4% CPI print.
While rising wedge formations will often be approached with the aim of bearish reversals, given the length and force of the move, there’s not yet a bearish trigger nearby. For that scenario to begin to set up, traders would likely want to look for a test below near-term support around 4280, followed by a test of longer-term support around 4127. That could begin to set a reversal framework into motion.
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
SPX500 with a nice BUY-CHANCEHey tradomaniacs,
the market-depth of SPX500 (Furtures) is showing strong absorption at the bottom of the range.
So far the biggies were able to take liquidity whenever there was a bunch of volume coming in trying to push price down below the support-zone.
This is a strong evidence of a reversal! The only concern is we are still close to the daily Point-of-Controle which is usually a NO-TRADE-ZONE for me as institutional traders are doing their business there.
Either wait for price to move away from it or take the risk and be patient until price moves away (higehr risk involved).
I`m already long as this is a very likely scenartio with high risk-reward.
LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT!
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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
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
NYSE Percent of Stocks Above 200d Averages & 50% Middle line setStock above their 200d averages: (Below 10% )
--------------------------------------------------------------
*6 oct, '08 -16 Marh '09 = 161 Days = End of crash
*3 Oct '11 = 7 Days = Bottom
*24 Dec '18 = 7 Days =Bottom
*9 March '20-30Mar '20 = 21 Days = bottom
********************************************************
Stock above their 200d averages:(Between10%- 20% )
-----------------------------------------------------------
*22 Jul '02 = 7 Days = End of Crash
*7 Oct '02 = 7Days =End of Crash
* 14 Jan '08-21Jan '08 =7 Days = fasle signal
*3 Mar '08-13Mar '08 =14Days = Risky during a crash!
*30 Jun '08-14 Jul ' 08 =21 Days = False signal.
* 21 Nov '11 = 7 Days =Bottom
*24 Aug '15 = 7 Days =Bottom
*11 Jan '16- 16 Feb '16 =42 days = Bottom
----------------------------------------------------------------
Stock above their 200d averages:(Above 90% )
*5 Jan '04 = 21 Days= Beginning of a new grand cycle IMO
*24 Aug '09-19Oct '09= 63Day = Beginning of N.G.Cycle IMO
----------------------------------------------------------------
Stock above their 200d averages:(Between 80%-90% )
* 1 followed by Bull Markets
*5 followed by Pullbacks. (4 %-7%-19%-4%-6%)
* How would you now live in the market that
this indicator will not keep going up , big opportunity
cos.
___________________________________________
* 1/ Conclusion:- Below 10% is your best friend Ever
2/ Between 10%-20% = 62 % success rate =Big Draw
back During crash long time to recover !!!
3/ Above 90 % Beginning of new Grand Cycle IMO (nothing else)
4/ Between 80%-90 % =80% we will get a pullback 20% bull Market
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Trade set up Crossing below 50 & crossing back
above 50 is where most of the bottoms 25 signals:
-----------------------------------------------------------
crash
bottom
bottom
correction
bottom
up siwng
bottom
bottom
up swing
bottom
correction
bottom
correction
bottom
bottom
boottom
bottom
correction
bottom
bottom
crash
bottom
bottom
bottom
bottom
------------------------
92 % of bottoms happened between
Orange dotted and Blue dotted
-------------------------------------------------------------------------
Four Golden Cross on this indicator:
Bulls: 30.36 %
Bulls 21.71 %
Bulls 25.18 %
Bear 12.49 %
Incoming soon ?
--------------------------------
Conclusion:
75% Bull market
25% bear followed by big crash
--------------------------------------------------------------------------
**************************************************************************
*************************************************************************
************************SUMMERAY*************************************
*****************************************************************************
1/Getting a Golden Cross soon 75 % bull market 25% Crash
2/ Bottoms of Crashes, Pullbacks and corrections
happened using the trade set up. Crossing
Below 50 and Crossing up again above 50.
25 signals with 92 % success rate.
3/Below 10 % is your best ever friend, the problem
it does not happen allot one in a cycle.
4/between 10%-20% 62 % success rate ( Not crossing below 10%)
5/ Above 90% is confirmation of the beginning
of a new cycle ( we are about to get one soon)
6/ Between 80%-90% = 80% we will get a pullback between (4%-19 %) (Not entering the 90%s)
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
SPX500 could MOVE UP again!Hey tradomanics,
after Yellens statement about potential higher interest-rates we`ve seen slightly a sell-off in equities.
Read more 👉 uk.investing.com
In this newsfeed you can clearly see how sensitive the market reacts to any kind of hints of a tighter monetary policy, which is why the market has been so chaotic yesterday.
The market is currently torn between a positive progress in termns of corona, partially decent earnings and potential higher interest-rates in the future.
This is also indicated by mixed equities as DOW&JONES has been way stronger than SPX500. Nasda100 suffered the most from that statement, but we can clearly see that there is no cashflow out of stocks, its more like a cashflow from value into growth and vice versa depending on fundamental circumstances.
I personally took a long-.trade a little bit earlier as I´ve seen strong bullish orderflows in market-depth.
Risky trade, but overall likely with potential high volatility! Wait for more confirmation!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
2021 is like 73s2021 is like 73s. let's see how this play. if it went well, buy dips at bottom if you can.
1. The four most expensive words in investing are: 'This time it's different. '” So said Sir John Templeton, the legendary investor and mutual fund pioneer. The phrase contains tremendous wisdom, but only if you truly understand what it means. ... “This time it's different” has become a ubiquitous phrase...
2. we will see increasing inflation & Covid case worldwide rising this year. they printed many trillions for check stimulus also fourth stimulus check again? also seems coronavirus won't go anywhere. you can see that Covid cases is still rising on worldometers site. Imagine 1-10 million cases daily? it's not great for economy & stock market. seems vaccine is still processing but not completely at all.
3. some investors will say " dollar is in bubble but stock market won't go down" they say same thing in 73s. that's not how this works. dollar inflation makes stock market volatility & shock..
4. The Buffett Indicator at All-Time Highs Is This Cause for Concern?. it shows 223% radio of market value GDP, 79% higher than long term trend line not internet bubble.
seems too higher.
5. 2021. many poor & middle bought stocks & meme from check stimulus while rich people buying at same time. this doesn't age well. "BUY, BUY, BUY" poor getting rich, rich getting richer? nah.
that's not how this works. 2008 & 2020 was different because market was bottom but 2021 Is top not bottom. that's why. Illuminati stays. in 2030, we will see 0.1% top getting richer ever while poor & middle bottom.
my prediction could be wrong or right.
Thank you. Sorry For My Bad English. Enjoy.
SPX500 could MOVE UP!Hey tradomaniacs,
SPX500 could move up 👉
If thats the case we might see some US-DOLLAR-WEAKNESS today and more risk-on.
Good for our positions.🙏
Volatility is likely to continue in the market until the end of the quarter as we see a lot of re-balancing by institutions.
For example: Pension funds have an overweight in equities but are forced to have a certain ratio of different assets. (E.G. Bonds to Stocks).
Here some figures to show you how much capital different institutions have to distribute as announced:
1️⃣ Mutal -$107BN
2️⃣ Defined Pension -$110BN
3️⃣ Norges Bank -$65BN
4️⃣ GPIF -$34BN
At the same time market makers who are forced to Hedge their positions (volume about $31 BN).
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 Mar 22 Week
OANDA:SPX500USD
SPX500USD 2021 Mar 22 Week
Weekly = Bullish | Daily = Bullish | H4
Last week's analysis, scenario 2 unfolded.
It appears high volume up bar Bar 1 has been negated by next bar's lower close.
Prefer to short on test of high, target 3844
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Have a good trading week ahead!