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Spx500forecast

SPX Market Crash (upcoming) - 35% why?Hi Everyone, A summary of the last 5 recessions since 1981... These recessions triggered declines of at least 20%. The Great Recession from December 2007 to June 2009 was the one that most affected the market with a decrease of about 57%. Regarding macroeconomics, the Americans are currently implementing a monetary tightening policies and have announced a final interest rate hike before the end of the year, so in my opinion, a recession is now inevitable. The SPX is currently forming a tweezer top on the 3-month timeframe... In my opinion, a 35% decline is possible to test the M Neckline (entry gate).
SP:SPX
by Crypto_Mercy
3
S&P 500 ForecastS&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%. Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage. From a big picture point of view, S&P 500 continues to consolidate in the range between the support at 3915 and the resistance at 3975. RSI is in the moderate territory, so there is plenty of room to gain additional momentum after the CPI data and the Fed decision. If the CPI report shows that inflation is slowing down, the current consolidation will serve as a good base for an upside move. However, it should be noted that traders may remain somewhat cautious ahead of the Fed decision.A move below the 50 EMA, which is located near the 3915 level, may be interpreted as a sign of an upcoming sell-off. S&P 500 received strong support near this level, so traders may rush out of their long positions if this support level is broken we still in down trend and we should break the yellow line and back 4100 level The Fed is still playing catch up to tame rising prices after its protracted gross mischaracterisation last year of inflation as ‘transitory’ and its initially timid steps to withdraw monetary stimulus, The world’s most powerful central bank is now confronted with two unpleasant choices next year, crush growth and jobs to get to its 2% target or publicly validate a higher inflation target and risk a new round of destabilized inflationary expectations. I think Rather than fall to 2-3% by the end of next year, U.S. core PCE inflation will probably prove rather sticky at around 4% or above.
SP:SPXShort
by moonypto
8
SPX to new highs SPX loves cups and handles. All the highlighted Cup & Handles on daily have played out beautifully so far, they all have been to the upside so far, but now we are making one to the downside with targets towards 4150. Then how do we reach new highs? If we zoom out to monthly TF things become clearer. As long as we stay above 0.5 or close above it on monthly, we have a chance to make new highs in a year or so. I have highlighted several upside targets based on where we bounce from on monthly.
OANDA:SPX500USDLong
by zakoraio
Corrections do not last long. This one might ass well be overJust by simply measuring the previous corrections in the stock market, it is clear that corrections in general do not take long. The average size corrections seems to be between 3 and 5 weeks. The botom of the current correction is found in week 4. As the price is also holding a critical support level, the probability of this being the bottom is incredibly high. With Bitcoin finding a bottomg as well (these two markets are correlated), I believe that this is the bottom of the current correction.
SP:SPXLong
by FetchTeam
SPX Further Downside Incoming (1D)SPX Daily Price Chart After the recent bounce of the level of resistance (Red Box) the SPX snapped it's first small level of resistance (Teal Dotted) and has continued lower. Price has also closed below the 50-day EMA while the 12-day and 26-day have recently crossed and the 50-day flattens out. The next level of support (First Green Box) should come into play within the next several days, unless we get a big sell-off Friday and hit it today, but this is the first area we expect to see a bounce. Also notable is the minor trend line (Yellow Dotted) that has been broken which should lead price action to eventually come in contact with it's major trend line (Yellow Solid) again. Relative Strength Not a lot to show here, however there have been two significant moves. First is the rejection of the 50 level (Aqua Circle) and the second is the break below (Aqua Highlighter) the major trend line (Yellow Solid). Both of these moves fortify the recent price action and indicate further weakness in trend. On Balance Volume OBV broke out of it's downward trend back in May (Yellow Solid) and started trading in an upward channel after. There hasn't been a reversal formation, but there is a small breakout forming (Aqua Highlighter) that coincides with recent price action and RSI movement. More evidence of an upcoming bounce is seen as a level of resistance is also being approached (Red Solid) TLDR; Dang man, talkin' bout no time man, dang ol' markets bleedin' man, come on up or dang ol' down man. Uh.. yea.. We think we understood that. Anyway.. Price action is on it's way down to a small level of resistance where we could see a bounce. RSI has bounced down off the 50 level and has broken down from it's main trend line; signaling a move lower. OBV has just begun to move down out of it's upward channel and also faces a level of resistance that could lead to bounce. What Seems Legit? A bit more of lower movement to hit the levels of resistance outlined above, then further downside Chart Key Yellow Solid = Major Trend Line Yellow Dashed = Minor Trend Line Red Solid = Major Support or Resistance Red Box = Resistance Green Boxes = Supports / Target Areas Teal Dotted = Small Level of Resistance Aqua Highlighter = RSI / OBV Breakouts
SP:SPXShort
by Seems_Legit_Research
Where to from here on SPXI posted this chart few weeks ago as a follwup to my short to show few possible paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a possible break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea. The only difference is that , this happened bit slowly than I anticipated , which makes this drop out of the channel less likely to be a deviation now. As you can see we are bouncing from the Suupport zone as I had highlighed in my previous post. Which brings us to the question where to from here. On The Daily TF we have first hints of a reversal or a decent size bounce from here , We have bounced from a key support and ended the day with right candle stick on the daily, but we need one more day of price action to confirm the reversal. If we get another green day without breachnig the low we are likely to head up. But If we zoom in to 4h TF things become clearer. Lets Look at the follwing chart: On Friday we broke structure to the upside on 4h and created a strong low at 4336. That number is not random , Will cover this in the next chart. If we get a pull back and break higher than fridays high we will get a full Change of trend on 4h TF. Once we do we should be able to break all the 4h strong highs until we meet the Daily Strong high at 4502 which is what I think will be hard to break and we will get a strong rejection from there. From there we can do one of the two things , either come back down create a double bottom and try again to break the daily high at 4500 and continue higher. If not we will continue the daily trend by breaking 4336 low and head lower. Now lets look at why price bounced from 4336. Following chart has the answer. If you know VPA , then you know price moves in ranges , just like candle stick patterns are fractles , Ranges can act like fractles as well. In the chart you can see There are 3 ranges R1 , R2 and R3 that formed on this uptrend. R3 is the larger range that encompasses R1 and R2 and 4336 is the VAL of this bigger range and as Per VPA theory , price in a range keeps roughly bouncing between VAH and VAL of the ranges .If you look at the VAH of R3 it concides precisely with the Daily strong high at 4500 which gives us another conflunece for a rejection there into the Daily OB shown in previous chart. Finaly if throw regular old fibs and Gann Fan into the mix we get additional confluence for a rejection at the 4475-4500 region as shown in the chart below. 4475 rehion is a gann resistance and 4475-4500 0.5 to 0.618 region of the retracement. Speculation: If we do get a move like the one I have explained , i.e move to 4500 area and reject , we will have few pattern emerge like inverse H & S and cup and handle . I have highlighted the targets if they mature. But always remember all these patterns are pure manipulation to trap retails , it totally possible that there is a fakeout into the pattern where pa comes to lower 4300s and then reverses from there can creating yet another pattern a Double bottom so be careful , only trade confirmations based on market structure change. Happy Trading All !!!
OANDA:SPX500USD
by zakoraio
1
SPX at major and important resistant Area SPX Reached the major Resistance Area ( the one that start the last bear market ) 4600 IS A VERY CRITICAL area because all the target for the current movement has been reached. the Market start the trend at 44° then become overheated and reached almost 72° from my point of View the market need to cooldown in order to extend a healthy movement the best option is to reaccumulate 4080 Area the good news is every ware at he moment so be carful and activate your stop lose Level to protect your gain from any shakeout movement.
SP:SPX
by AlQasim_Analysis
Bing Short on SPX in progressIn my previous post on SPX ( link attached below the description ), I explained how we are going to see a rejection on this uptrend soon and we beginning to see that now. In this post I will explain how I am playing this short setup. In the previous post I had a pitchfork. I simplified it with three parallel channels, one larger and two inside it in its upper and lower half so we now have four rising trendlines which will be our point of interest when Price Gets there. In the image below I have highlighted the properties of these trend lines based on past price action within the channel, which you can observe yourself. I have indicated three take profit levels on the main chart. I don't think TP1 would be necessary as I don't expect the trendline to hold based on its past behavior. TP2 and TP3 are my main targets, which is where I will look for signs of a nice bounce back up. If you observe the channel, we have never really resumed a trend back up without creating a double bottom on the one of the lower two trendline in the chart as highlighted in the image below, if that happens, we resume the uptrend to new highs. That's when you take a swing long position on SPX. On the other side if TP3 doesn't hold we are looking at a potential change of trend a macro scale, but I won't give up on the upside just after the break as we could possibly see deviation and bounce back in the channel after testing the support area as highlighted in the main chart. What happens if we lose 4300 level, we go way down, I will leave that detailed analysis for another post.
OANDA:SPX500USDShort
by zakoraio
SP500 Bearish ScenarioThe #SP500 diverged 61% from the trend it had referenced since 1940. When we look at such divergences in history, we see that the index has returned to the reference trend. The beginning of this reversal is usually confirmed by a close below the SMA9 on the 3-month timeframe. This level is currently displayed as $4174. In a possible bear scenario, EMA60 or $2651 will guide us for the priority return level. Finally, EMA120, which is already at the same level as the reference trend level, will act as the last support. In addition, looking at the SP500 index in the daily time frame, the McClellan Oscillator, which has been working very successfully since 1900s, turned negative last week. However, another factor that can contribute to my analysis is that the monetary and fiscal policies made by HSBC today are not compatible with the bond and stock markets, and that the current recession will go further.
SP:SPX
by YavuzAkbay
SPX 500 Analysis(Rising Wedge Pattern)!SPX 500 Analysis on Weekly Timeframe! Rising Wedge Pattern in SPX500 Rising Wedge Pattern Formation after a Strong Downtrend SPX500 was in downtrend before now we are seeing a temporary uptrend but if we observe carefully it is an unstructured uptrend, for trend reversal it has to break 4323.56 level. Now SPX500 has formed a Rising Wedge Pattern. This pattern formation happened after a long down move. Now SPX500 is taking a pause and trading inside a wedge. If SPX500 able to break Support Trendline then the Primary trend will continue which is a Downtrend. I have done all important Analysis on the chart. I hope this will help you to forecast the further direction of SPX500.
SP:SPX
by Avinash9087
SPX medium term pathwayThis update will be quick, Im very lazy this weekend. ES short term was already posted earlier today. There are 2 pathways Im following: 1 - H&S pattern, visible on the chart. That pattern if triggered will make full 5 down into early next year low to finish the whole move down from Jan high. (Fits perfectly with VIX sky rocket from its below 20 level) 2 - Finishing the C wave up with A being over and B about to start. Im still looking for 3750 level being hit to close the gap and one more rally over 4200 from there. This scenario should play out quick or I will take it off the list if B is not reached by mid Dec. Then a good rally into Jan high above 4200, check the number of the C ending on the chart. Fibs align perfectly with this pathway! We have a full Moon on Dec 8th, usually markets tend to make a high or a low at or around the full Moon. It seems we are going to get one here early next week. My best pathway is down to 4k tomorrow and rally from there into Tuesday high. There is a huge SPY put wall at 400 for tomorrow, Im sure it will hold on any test tomorrow, so if tested it will be a perfect long entry with a 15-20 points stop. Or if 4k is broken then we should see 3940-50SPX zone tested which is the strongest support for the whole bull move here, should hold on at least 2 tests imo. Also VP (volume Profile) line is around 3960SPX level, a perfect magnet. So my next week game plan is - buy tomorrow low, sell Tuesday high (might stretch to Wed am high), then down we go into a rabbit hole with ideal target at 3745-50SPX. Main bear bull support line is at 3940-50SPX level for the next week! Below it and this move up is over and the price will retrace back to 3750. Have a very profitable week!
SP:SPX
by RealTima
5