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Spx500forecast

SPX500USDIt's likely that we will see a little bit of a pullback as we are at the top of the range. The S&P 500 has rallied a bit during the course of the trading session on Thursday before turning around to form a bit of a shooting star. The candlestick of course is very bearish, and it is worth noting that the NASDAQ 100 has formed something along the lines of a “evening star.” That of course is a negative sign, suggesting that perhaps stocks are going to roll over. To the downside, the uptrend line continues offer support, right along with the 50 day EMA. Beyond that, the 4500 level before they are also offer support, so I think it is only a matter of time before we see some type of bounce. We have been in an uptrend, and I think that does not change anytime soon, so therefore it is only a matter of time before buyers get in on dips and take advantage of “cheap stocks.” After all, this has been a bit of a “buy on the dip” type of market for ages, especially as the Federal Reserve continues to offer cheap money for traders to indulge in. Despite the fact that there has been talk of tapering later this year, the reality is that there is no real sense of them raising interest rates anytime soon. If we were to turn around a break above the top of the shooting star, then the market is likely to go looking towards the 4600 level, as the market tends to move in 200 point increments. After that, it will be interesting to see where we go next, but it is very possible it could be 4800. There is always the negative turn of events, and that would be something that I would play via puts, because flat-out shorting the S&P 500 has been a very dangerous thing to do for ages, and as a result it is difficult to imagine a scenario where I would actually do that. You look at the chart and you could see a plainly carved out up trending channel, so as long as that remains in effect, it tells you where you are going to be a buyer and perhaps take a significant amount of profits along the way. Because of this, as we are at the top of the range is likely that we will see a little bit of a pullback.
OANDA:SPX500USDShort
by SmoothJB
The S&P Bullish trend is still ActiveHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Bullish trend that started in November where the SPX index started moving up in an Ascending Channel is not stopping yet. The trend is still giving Bullish signals where we kept getting higher highs and higher lows. The S&P 500 index booked fresh record closes on Thursday, despite falling from the session’s best levels, ahead of a highly anticipated August employment report on Friday. The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this : If we look at the chart and where the market is right now we see that every time the SPX hit the upper end of the Ascending channel it always dropped into the middle range of the Channel, We probably won't see a big Bullish breakout in the Index right now, so the price most likely will be dropping this week a bit and it will be headed near the first support line at 4474.64 and if the Bears were able to gain more control then it could reach the second support at 4439.92 where the major Bull power will be and where the bounce back up will happen that would get the index above the resistance zone between 4528.74 - 4548.12. Technical indicators are showing this : The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA ( Bullish Sign) The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line. The STOCH indicator is in the overbought zone, With a positive crossover between %K (95.00) and %D (92.84). *The overbought zone indicates that the price might drop down. The Ultimate Oscillator is at 79.95 sitting in the overbought zone. The overbought zone indicates that the price might drop down. Support & Resistance points : Support/Resistance 1) 4474.64 1) 4528.74 2) 4439.92 2) 4548.12 3) 4420.54 3) 4582.84 Fundamental point of view : On Thursday, the S&P 500 rose to records on the back of better-than-expected jobless claims data. The initial filings for unemployment insurance fell to their lowest levels since March 2020. The Labor Department reported first-time jobless claims totaled 340,000 for the week ended Aug. 28, compared with the 345,000 estimate. The S&P 500 climbed 0.3%, hitting its 54th record closing high of 2021. Investors are now looking ahead to August’s nonfarm payrolls report — released Friday morning — which could give clues about how fast the Federal Reserve will remove easy monetary policy. Economists polled by Dow Jones expect 720,000 jobs were added in the month, down from 943,000 jobs added in July. The unemployment rate is expected to dip to 5.2%, compared to 5.4% in July. According to CNBC Markets 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.
SP:SPXLong
by GabiDahduh
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. _____________________________ Make sure to Follow and Like for more content _____________________________ 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.
TVC:SPXLong
by GabiDahduh
3
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! Wanna see more? Don`t forget to follow me!
FX:SPX500Long
by Trading2ez
4
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
FX:SPX500Short
by kitchen_trading
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
FX:SPX500
by kitchen_trading
5
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 -------------------------------------------------------------------------------------- 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)
SP:SPX
by samitrading