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Spx500forecast

SPX500 - SHORT STRUCTURE IDEA (TARGET 4725)What's on the chart? 1) An old high that marked a strong year for 2023. 2) A rebound in a weekly FVG that earlier served as a bullish signal for prior trading sessions. 3) In the process of that rebound, a 4H bullish FVG was formed which will serve as our target area + fibs. 4) The 2023 high was broken. 5) IMPORTANT: the new high wasn't taken out. Hmmm.. suspicious. That to me is a sign of weakness from the bulls. 6) On this flop of bullish momentum, a bearish 4H FVG was formed. 7) Market structure shift with a low taken out. Do we expect a rebound? Well I don't know. I'm not here to claim that I predict the future like most twitter gurus will imply. But if it does, this is how I see the rest go down. 8) A rebound in the 4H FVG, this is crucial for a short setup because it would imply a lower high. Super important!! Price doesn't need to go that high though to find a short setup. We could just break our imaginary trendline and that's it. 9) The descent into the abyss of short profits (or liquidations lol).
FX:SPX500Short
by Lexi_Is_Trading
End of Bullish Supertrend? Journey from Support to SupportDear Esteemed Members, The supertrend was bullish, but two sell signals concluded with a bearish price action. The rejections happened around the resistance level from a previous top. The price is now below the upper green support level. I think the S&P 500 market will reach the next support level: around $4600. So, I'd consider a short position. You can target the bottom support level of $4600, but keep a stop loss if the market reverses from the proximity of the violated support level. You can observe a similar setup on my yesterday ES analytics, where I explained a bearish MACD, RSI, BBP, and MFI. Kind regards, Ely
VANTAGE:SP500Short
by Elysian_Mind
3
SPY S&P 500 ETF Price Prediction for 2024This was my article about the SPY S&P 500 ETF price target for 2023:https://www.tradingview.com/chart/SPY/l6U1M9dJ-SPY-S-P-500-ETF-2023-Forecast-CPI-Report-Prediction/ I was bullish, but not enough! In the July 2023 meeting, the FOMC opted to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at curbing elevated inflation. The prevailing consensus among market experts hints at a potential shift in strategy, suggesting that the Fed might commence rate cuts later in 2024 as inflation gradually aligns with the Fed's 2% target. Statistically, historical data indicates that approximately 11 months after the cessation of interest rate increases, a recession tends to manifest. This pattern places us around June 2024, aligning with my prediction of a dip in the SPY to approximately $430. Given that 2024 is an election year, there's an additional layer of complexity in predicting market behavior. Despite the anticipated mid-year dip, my inclination is that the SPY will conclude the year on a bullish note. This optimistic outlook hints at the onset of a 3-5 year AI bubble cycle, with the SPY boasting a year-end price target of $540. The integration of artificial intelligence into various sectors is expected to catalyze market growth and innovation, propelling the SPY to new heights by the close of 2024.
AMEX:SPYLong
by TopgOptions
BluetonaFX - SPX Forecast Ahead of Fed SpeechHi Traders! SPX is trading near its five-month high at 4607.07, and with Fed Chair Powell speaking later, the market could reach this level by the end of the trading week. Price Action 📊 After the break and close of the previous resistance at 4541.25, the market has refused to go back below this level for the time being, and an ascending price channel has started to form. This indicates that the bulls are currently in control. 4607.07 is the five-month high, and this is the next most likely target the longer we stay above 4541.25. Fundamental Analysis 📰 Later today, we have Fed Chair Powell speaking; therefore, we must be wary of his speech as he will mostly likely speak about the US' inflation situation, interest rates, and plans for the economy leading up to 2024. Support 📉 4541.25: PREVIOUS RESISTANCE BREAK Resistance 📈 4607.07: FIVE-MONTH HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
SP:SPXLong
by BluetonaFX
SPx500 sticks to positivityIn yesterday's trading, the index price touched the level of 4540.00 and then rebounded directly towards 4510.00, trying to catch its breath before resuming the main upward attack. The 4470.00 level continues to form additional support and the Stochastic indicator continues to fluctuate within the buying trend level. These factors support our bullish bias to remain waiting for the price to target the main target. Next stable near 4570.00. Pivot Price: 4495 Resistance prices: 4529 & 4558 & 4586 Support prices: 4461 & 4444 & 4405 The general trend expected for today: bullish
OANDA:SPX500USDLong
by Evar_Mayi
6
SPx500 4H pressing the barrierhello everyone,The index price repeatedly presented positive pressure on the stable barrier at 4422, with the aim of finding an outlet to resume the previously suggested upward attack. Currently, and with the main indicators of positive momentum presented, we advise waiting for the price to achieve the required breakthrough, to open the door to reaching additional stations, which may start from 4443 and 4464, respectively. While the failure of the breakthrough may force the price to form a temporary corrective bounce, attracting towards 4386, reaching additional support centered at 4353 before recording any new positive target. Pivot Price: 4422 Resistance prices: 4443 & 4464 & 4500 Support prices: 4386 & 4353 & 4328 The general trend expected for today: bullish with the breakthrough
OANDA:SPX500USDLong
by Evar_Mayi
S&P500 - Long; For now ...This naturally rimes with the Nasdaq signals and with the overall global equities outlook. Here, two opposing forces are the most significant factor; 1) The unfolding (and enduring!) USD strength - Downward pressure ; 2) The massive, continuously inbound (to US) capital flows , primarily from Europe - Upward pressure . Driven by the rapidly unraveling globalization (driven by a Europe which the US decided to turn into a bonfire that is now clearly visible from Alpha-Centauri, and a China which is dying of old age as the demographic apocalypse is hitting hard this year - 2023), these fundamental forces will likely make this year one for the records - especially when it comes index (equities) trading. Many, many trading opportunities to be expected, throughout this year, probably far more than in other periods. Laissez le bon temp roule!! ...
CME_MINI:ES1!Long
by Nemo_Confidat
8
The S&P500 is preparing for an insane rallyHello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme. ------------------------------------------------------------------- Today I want to share with you my outlook on the S&P500: Over the past almost 15 years the S&P500 has been respecting a super simple bullish trendline. Always when the S&P500 tested this level, we saw a major rally towards the upside. And now the S&P500 is about to retest this trendline again and I do expect another push higher. ------------------------------------------------------------------- Most of the people always follow the quick money. But the quick money is never the big money. They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail. The only think which you can control is your risk, everything else is unknown. Keep your long term vision!
SP:SPXLong
by basictradingtv
43