Get started

Spx500forecast

SPX to find support at trend line?US500 - Intraday - We look to Buy at 4096 (stop at 4066) Posted a Bullish Outside candle on the Daily chart. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 4153. The bias remains mildly bullish but there is scope for a move in either direction at the open. Trading within a Bullish Channel formation. Further upside is expected although we prefer to set longs at our bespoke support levels at 4091, resulting in improved risk/reward. Our profit targets will be 4166 and 4186 Resistance: 4155 / 4196 / 4230 Support: 4091 / 4047 / 4018 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
$SPX at consolidation pace.$SPX currently trending at consolidation paste. No strong catalyst for monday for market to pump but the momentum looks strong for bullish continuation. 1 hour & 4 hour chart the RSI at the overbought level. expect a pull back soon. for now just ride the trend. below is my price level for SPX calls and puts. Calls: buy above 4143.30 sell at 4180.26+ Puts: buy below 4068.79 sell at 4008.24 or below ================================================================= SIDE NOTE: - make sure that you setup a price alerts on those key level so you wont miss the move. and always to take your profits as you see one. - sometimes, the fist 30 minute after of the opening bell is always volatile. is either you can catch the move there. or wait for an 1 hour for better or cheaper price. - as always if you have any question feel free to leave me a comment here. if you're enjoying my ideas please don't forget to follow me or hit the like to boost the post. thank you guys and see yall soon.
SP:SPXLong
by CHRIS_B58
2
S&P500 wants to go up!In my last analyses about the SPX , I spoke about a bottom of the index. The price was in the process of breaking the resistance when I created that post. De deciding factor was whether we could create new support out of old resistance, which is happening right now. First, the lower part of the zone was touched and made the price bounce. Now, we're witnissing the upper part of the zone being turned into support. Once this process has finished, the new uptrend can officially begin.
SP:SPXLong
by FetchTeam
SPX - bottom in 2024 (NEW)hi traders! In September this year we have published a trading idea where we identified the Rising Broadening Wedge on SPX chart, which is a bearish pattern and we predicted more downside to come: In November we looked at the chart from a different angle and we published the idea where SPX continues the downtrend as it's getting rejected from the downsloping resistance line: Both publications are still valid and we expect those targets to be reached. Today, in this trading idea, we would like to show you something very interesting on a monthly time frame. What you can see on the chart is that: -Major trendline was acting as a support from the beginning of 2009. It's a very important support as we've never seen a monthly close below this trendline. In 2020 (COVID crash), the price faked out but eventually it closed above the trendline. -Last retest occured in March/April 2020 -We expect that the next retest of this key trendline will be in 2024 as probably the recession will get worse in 2023 . On the other hand, we don't expect such a huge drop like in 2008 /2009 when SPX dropped 57 %. False breakout below the trendline may occur like in 2020 but we believe that a monthly close will be above this major trendline. 2023 and 2024 will be a great time to accumulate stocks (and crypto) at huge discounts. The opportunity will present itself but it's not there yet. Patience is the key. Do you agree? Will the trendline hold this time? Or maybe you think that SPX won't retest it in 2023/24 and SPX has already bottomed out? Share your opinion in the comment section!
SP:SPXShort
by vf_investment
3
S&P 500 (SPX): Long Term Analysis 1872-2023Hi everybody! Sometimes it could be useful to look back a bit to have clear in mind where we are and where we want to go. This chart shows the trend of S&P500 since 1800'. Great Depression, Oil Crisis, Tango Bonds,... have always been great opportunities for the market. That said, the market is mainly made up of "emotions" that trigger certain movements, so opportunities have always existed, exist, and will exist in the future.... MARKET EMOTIONS CYCLE Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
SP:SPXShort
by TheAnonymousBanker
14
SPY S&P 500 ETF Options ChainI have monitored the options chain of SPY in the past 2 months and I noticed some big Puts positions that are recurring, regardless of the price: 2023-3-17 expiration date $386 strike price ($2.53 premium now) I don`t know that it has something to to with the higher than expected inflation, continuation of the interest rate hikes, the P/E ratio of 21.80 for SPX (quite high), or the war in Ukraine. But options traders are quite bearish on SPY S&P 500 ETF for the upcoming month. Looking forward to read your opinion about it!
AMEX:SPYShort
by TopgOptions
3
SPX Bounce Target ReachedTen days ago, I wrote about a correction of the SPX back the red support zone. Now the time has come to talk about what could happen next. The correction didn't happen in the beautiful fashion i had forseen, but this still works. What i expected was a clear zigzag formation within this falling channel, but we broke the support trendline and reached the first real correction target. After that, the price shot back in the channel. From here, it is most likely that the price will go sideways, maybe in a fashion where it will touch the resistance line once again, or that the SPX is will reach the lower level of this zone, whilst staying in the channel.
SP:SPX
by FetchTeam
SPX: First Down Then UpIt looks like the SPX has topped out temporarily. This woudn't be too farfetched as the previous couple uptrends lasted for 34, 36, 21, 23, 40, and 33 days. Right now, we're looking at a top which has been formed after 28 days. From the looks of it, its trying to form a falling channel. The properties of this pattern are: - Declining parralel support and resistance lines - Price oscilating between the support and resistance lines - Bottom at an important support zone - Going sideways after hitting the bottom, preferibly with a daily bullish divergence I'm still bullish on the SPX for 2023, but for now i'm expecting a small correction.
SP:SPXShort
by FetchTeam
1
SPX short term trend has turned negative.US500 - Intraday - We look to Sell at 4091 (stop at 4127) Price action has posted a bearish Outside Day and is negative for short-term sentiment. An overnight negative theme in Equities has led to a lower open this morning. Bespoke support is located at 3997. Previous support, now becomes resistance at 4091. Bespoke resistance is located at 4091. Our profit targets will be 4001 and 3991 Resistance: 4091 / 4155 / 4174 Support: 4051 / 3996 / 3974 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
2
zoom out vs zoom in spx500You could easily say from basic and simple TA techniques that the entire month of February. We have been in a downward trend and that we are still fighting with the top R lines of this trend as we speak. If only looking out/zooming out far enough to see this on the monthly bc you are so tied into the daily and even hourly leveraged trades, then there is high chance you have now talked yourself into a full DOOM ending as this entire month is trending DOWN.
SP:SPX
by rarebreed29
#S&P 500 INDEX In its decreasing movement after breaking the trend line, it has created a very harmonic and beautiful trend with a greater slope than the higher time. Currently, in dealing with a resistance level from the previous movements in the range of 4136.85, three ranges are expected before the range of 3898.11 in the areas: 1-4045.50 2-3996.74 3-3935.98 touch There is no need for the trend to reach all the above goals. The price moves towards the trend line with a lower slope. In case of unexpected performance, the ceiling of the previous pattern in the range of 4320.08 is considered an important range.
SP:SPX
by maryammh
Above and beyondBeyond Meat will be huge in the coming years IMO as the transition from us humans eating meat as our primary source of protien will ultimatly be made harder and most likly very expensive (check W H O there plenty of documents on agenda 2030 to go with what im saying) Alternatives/subtritutes to actual meat should see the growth as it becomes the norm, weve already seen in 2022 beyond meat in mcdonalds and other fast food chains and also in most of the big name supermarkets across the globe. Like other risk on asset BYND has alos seen a 90+% rejection from all time highs, during these high is when beyond meat launched, it was when the partnerships with mcdonalds was seen and also when we started to see it on tv and shelves in these stores. Anyone who listens to what i talk about will know price moves before the news and during the time above price was getting ready to reject with very clean bearish reversal pattern (check chart below) during which retial investers and the majority of traders who follow retial logic was buying into this asset beliveing it will rocket on launch, this is how these big banks and intituions get paid by drawing in the hurd and shitting down their necks. What we do in here we change that, we take from the cherry at the very top and filter it all the way down.!!!! Long term hold and buying here at $16 with the potential of us seeing BYND above $150 in the near future. First level of resistance here is $33 breaker, once we recliam this we can most defiently be comftable with " the bottom is in" and we sit back and watch. Also note we may see two draws on liquidty at $54/$74 with a possible correction after, here we can add to our postion.
NASDAQ:BYNDLong
by Marketperceptions00
1