SPX500 Support Ahead! SPX500 keeps falling but
will soon retest
A horizontal support level
Of 5045.38 from where we
Will be expecting a local
Bullish rebound !
Spx500forecast
SPX500Pair : SPX500 Index
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Falling Wedge as an Corrective Pattern in Short Time Frame
SPX500 SELL SET-UP
SPX500 at has reached at resistance level according to weekly chart..The next step is to look for sell entry and observe risk management.
spx500Pair : SPX500 Index
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line
Break of Structure
RSI - Divergence
Impulse Correction Impulse
SPX500 Short From Resistance! SPX500 went up and
Retested the horizontal
Resistance of 5147.42
From where we are already
Seeing a move down
So I think that we will
See a further move down !
SPY LongAfter good economic projections in the FOMC. Looking for continued upside on the SPY. A dip to 518.38 area would be a good place to buy, with initial TP at 525 and final TP at 530.
SPX500 Potential Short!SPX500 went up today
And has almost reached
A horizontal resistance level
Of 5183 from where
We will be expecting
A local bearish reaction !
S&P 500 In Trouble The S&P 500 is showing signs that the uptrend is becoming fragile. As you can see there is a very clear rising wedge pattern developing on the daily chart this is a classic bearish reversal pattern and it indicates a shift in supply and demand from bullish to bearish as the buyers can no longer keep prices propped up. This pattern is not confirmed yet as it has yet to break the bottom support trendline but it still can act as a stern warning to be careful going long here.
The bearish signal in my opinion would be a break of the bottom support on large volume this would signal traders are beginning to panic and exit long positions and the selling cascade can have a big impact. Target wise If it does break down I think a retest of the previous all time high makes sense but if you want to go off the technical price target it would technically be at the bottom of the wedge at $410 which is bold...
RSI is also showing bearish divergences popping up and we are very extended away from the 200 day moving average it is no surprise to say that stocks just may be overvalued and far too extended and probably ripe for profit taking.
Also on the fundamental side of things inflation has been coming out sticker and not coming down as seen in the recent CPI and PPI reports which dampens the expectations of early rate cuts and continues to support the "Higher for longer" narrative which again is not a good thing.
Overall I am thinking this is looking extremely dangerous and based on technical and fundamental factors I would absolutely not be loading up on fresh longs especially on leverage I would tread carefully and consider thinking twice before you make a decision.
CBOE:SPX AMEX:SPY CME_MINI:ES1!
Important resistance for the S&P500 indexThe index has hit its dynamic resistance once again. As you can see, this resistance has been able to stop the growth of the index several times and cause the correction of the index.
Now you have to wait for the trigger line to break
S&P 500 / SPX LONGS Looking for a pull back and rejection with a 4 h close or a 4h close above structure and blue zone to look for buys and new highs
SPX500 Strong Support Ahead!SPX500 keeps falling down
And SPX500 is now locally
Oversold so I think that
After the price hits
The horizontal support
Below at 4940 we will
See a local bullish correction!
SPX500Pair : SPX500 Index
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line
Break of Structure
RSI - Divergence
Impulse Correction Impulse
S&P500 Expect Correction at this Critical LevelDepend on FB Levels the current area is critical area that mean the price may change price movements to other direction , Pls follow me to get my price analysis notifications
SPX500 Bullish Breakout!SPX500 was trading in a
Bullish flag pattern and now
We are seeing a bullish breakout
So we are bullish biased
Now and we will be expecting
A further move up !
SPX OULOOKSPX FEB WEEK 5 OUTLOOK -
Daily - no doubt we have been super bullish here on SPX for last few week going back to December. but it's around the seasonality cycle and on daily TF that it looks in need of a pullback.
Origin - 2 scenarios become apparent when we drop down to origin.
1. a small pull to the zone** 5065.01 - 5027.94** and hold above it. if that happens I will look for longs above the higher end of the zone
2. a deeper pullback to **4972.61 - 4951.93** and if price gets absorbed here, I will look to enter long once price holds above the upper end of this zone.
S&P 500 INDEX $SPX - Nov. 17th, 2023BUY/LONG ZONE (GREEN): $4531.84 - $4726.36
DO NOT TRADE/DNT ZONE (WHITE): $4380.94 - $4531.84
SELL/SHORT ZONE (RED): $4117.36 - $4380.94
Currently there is bullish momentum, as seen coming off the gap up from Monday close-Tuesday open, however; after this momentum upwards we have only seen price go sideways up to today. Price is resting inside a zone towards the top side where bulls can look for a breakout to start entering in longs. For bearish entries there would need to be some structural breakdowns for the bears to enter as the price approaches the $4380.94 level. Both the bullish and bearish zones can be widened to include the entry levels of the respective zones for early entries.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
SPX500 Bearish Breakout!SPX500 broke the support
Cluster of the rising and
Horizontal levels at 5018
And the breakout is confirmed
So I think that we will see
A further move down!
SPX- Should visit 4800 supportSimilar to my analysis on PEPPERSTONE:NAS100 , I also anticipate a decline in the case of $CBOE:SPX.
The index attempted twice to remain above 5000 but failed, and it appears to be forming a double top in that area.
From a technical standpoint, the trend remains strongly bullish.
However, a drop below 4930-4950 would interrupt this aggressive uptrend and expose the 4800 support zone.
SPX500 Very Risky Long!SPX500 is retesting the
Horizontal support level of 4848
From where we are seeing
A bullish rebound already
And I will be expecting
A further move up!
S&P 500 - Flying high, overbought and stretched 7.2.24Weekly trend-line stretching back to November 2022, is being tested around the level of 5,000 which is also a "psychological barrier" for price action to proceed going higher.
A re-test of the breakout above the 4,800 level is expected in the near-term.
SPX Swing ShortChart is self-explanatory:
Confluences:
Deep Crab PRX
Top of the Parallel Channel
1.618 of the move from 4612 to 4100
Bear Div on RSI if We get a move down in coming weeks
SPX500 Risky Long!SPX500 is trading in an
Uptrend along the rising
Support line from where
We are already seeing a
Bullish rebound so I think
That it will go higher still !
#SPX SPX Jan 24th after the close updateSPX will be the first update from TheTradersRoom.
SPX has hit its desired target we have called yesterday - 4904.50-4909.50
So I call it a perfect hit. Today's reversal came on a heavy selling, also got a black reversal daily closing SPX candle, which if not broken 1c above should mark at least a temporary top.
If the price did find its top, then tomorrow's open should be a gap down below 4864 and my min target will be 4840-4835 SPX
We have a Panic cycle day on the 26th and Im looking for a first important low on Feb 1st
Happy to be back!
