S&P500 INDEX - ATH is comingHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
I'm waiting for an upward movement from the current ones or through ~4650.
TP: 4850 and 5000
cancellation of growth, consolidation below 4500
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Spx500idea
SPX500 Entries + Exits for FREE!The ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
S&P 500 Forecast: Index Wipes Out Most of Wednesday LossesThe S&P 500 has rallied significantly during the course of trading on Thursday to wipe out the losses from the Wednesday session. We managed to close above the 50 day EMA, as it looks like markets are ready to continue to go to the upside for a longer-term move. All things being equal, this is a market that I think continues to see plenty of interest, as we have seen so much in the way of bullish behavior over the last several months.
Yes, the market has negative for a while, but that has been the most recent behavior, and at this point in time it is but a blip on the radar of the longer-term trend. That being said, the market is likely to continue to see buyers looking for value, especially as the end of the year approaches, and people will be looking to reach some type of benchmark for their clients. Because of this, we have the so-called “Santa Claus rally” that typically happens at the end of every year, and I do not see this year being any different. Because of this, I think what we have is a scenario where every dip will be bought into, and we will eventually go looking towards the 4800 level.
The market is currently hanging around the 50 day EMA, so that will attract a lot of trading, but at the end of the day the most important thing to pay attention to here is the fact that the jobs number is coming out on Friday, and it will almost certainly cause a significant amount of volatility. The market selling off quite drastically on Friday will almost certainly be bought back into, which is typically the case with the Non-Farm Payroll Friday situation. This is because liquidity disappears, and people will find some type of narrative to start buying the dips. That is what Wall Street does, it finds reasons to go higher. Furthermore, even though the Federal Reserve is pretending like it is worried about inflation, the reality is that the first time Wall Street throws a serious tantrum, they will step in and save the banks. Because of this, it is not really a market so much as it is a bidding war to see who can push things higher over the longer term.
SPX500 Short SetupSPX500 Short Setup
🔵 Entry Level: $4486.0
🟢 Take Profit: $4426.9 (1.28R)
⛔ Stop Loss: $4532.1
Reasons:
- Reaching resistance level at $4485
- Expecting either divergence or highly overbought level on the PVS Indicator by the time price reaches that level.
Game plan: If the price flips this resistance into support (tests it), I may close the trade prematurely and open a long trade until the next resistance level is reached at $4548
SPX finds floating ground for nowHello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The S&P 500 index traded below its 50-day moving average, its first major breach in more than six months.
The S&P 500 was able to find a floating ground after teetering developer China Evergrande said it would pay some bond interest due on Thursday. Removing fears of a big and messy collapse that had scared investors.
The Index price has dropped 2.6% in the last couple of days but now the market seems to be stabilizing and an increase in value might start bringing the SPX back into the Ascending Channel range.
Possible Scenarios for the market if the China situation was resolved :
Scenario 1 :
If the Bulls were able to gather the force need to gain control then we will see an increase in the market that would reach the 4452.57 resistance level where we might have a small correction that will bring the price near the 4405.15 level before the index goes back into the Ascending Channel range.
Scenario 2 :
After a drop like that it could take a bit of time for the Bulls to go in and push the market up, in that time we will see the price reach the first support level located at 4308.11 where most likely the buyers will go in, but if they failed to support that line then we might see a bigger drop reaching the 4258.49 or even the 4211.07 support before going back up.
Technical analysis show :
1) The market is below the 5 10 20 50 MA and EMA (Bearish Short-Term Trend) But still above the 100 and 200 MA and EMA (Bullish Long-Term Trend)
2) The RSI is at 33.48 it hasn't reached the overbought zone yet and its showing Weakness in the market
3) The ADX is at 22.13 showing that the market is trending with a Negative crossover between DI+ (10.06) and DI- (34.68)
Daily Support & Resistance points :
support Resistance
1) 4308.11 1) 4405.15
2) 4258.49 2) 4452.57
3) 4211.07 3) 4502.19
Weekly Support & Resistance points :
support Resistance
1) 4409.33 1) 4475.22
2) 4385.67 2) 4517.45
3) 4343.44 3) 4541.11
Fundamental point of view :
Bloomberg reports that Hengda Real Estate - the main unit of troubled Chinese property developer Evergrande - will make its Thursday bond coupon payment. This hardly means Evergrande is out of the woods - indeed a restructuring at some point still remains likely - but a disorderly unwind seems off the table at the moment.
Concerns over China Evergrande Group have put investors on edge and added to recent worries over economic growth from the Delta variant.
Persistent default fears overshadowed efforts by Evergrande's chairman to boost confidence in the firm on Tuesday, while Beijing showed no signs it would intervene to stem any effects across the global economy.
Investors are waiting for the end of this week's Fed meeting that may shed light on when its massive purchase of government debt will begin to ease. According to Reuters
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News 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.
Why SPX is bullish short term Elliot ending parallel with wave 2 and wave 4 drawn support line.
This channel top trendline is marking the end of 12 bullish years in the market. As the wave 2 of five was a throw-under of the trendline the market now need to retrace back into the channel quick.
The resistance i 4450 is heavy. Low volume will offen mean that upper trendline is not touch and hallo BEAR market. But in periodes of low volatility the market can move big time so a push up to a throw-over can happen. Summertime and drained trades combined with falling volume is toxic combo - so expect larges moves in short time frame.
But toppish 4450-4600 area and retrace to under 2000 with in one year
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
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
SPX500USD 2021 Apr 19 Week (Intraday)
OANDA:SPX500USD
SPX500USD 2021 Apr 19 Week (Intraday)
Again long on pullback worked for last week.
Last H4 bar, price went into overbought and returned into the channel.
Trade plan for this week is to continue to follow the channel and long
on pullback, preferably at bottom of channel.
Like and Follow if you find this useful : )
Have a good trading week ahead!
SPX500USD 2021 Mar 29 Week
OANDA:SPX500USD
SPX500USD 2021 Mar 29 Week
Weekly / Daily / H4 = bullish
Last week's short target of 3844 not reached, as price reversed at 3856 instead.
With climatic up bar into previous resistance,
may have opportunity for short when we see toppish pattern.
3844-3856 will be the immediate support.
Entry preference will be a the SR and the yellow line price reaction zone.
Like and Follow if you find this useful : )
Have a good trading week ahead!
S&P500 Long SetupSPX500 Long Setup
🔵 Entry: $3,911.9
🟢 TP & RR: $3,954.0 (2.48)
⛔ Stop Loss: $3,894.9
REASONS FOR THE TRADE
✔️ Market Flow Indicator went green
✔️ Trade in direction of the trend
📝 Not much to analyse here aside that it's a trade based on my system. With that being said the price may drop down to the support level, where I will be looking to open a long order again.
S&P 500 Short SetupS&P 500 Short Setup
Entry: $3,864.4
TP & RR: $3,750.7 (2.22)
Stop Loss: $3,915.7
REASONS FOR THE TRADE
Not much to discuss here, aside from the fact that we are looking to open a short position at an established resistance level. This is one of those trades that it's just too obvious, so I believe a lot of traders will be stacking orders there. When/If our position gets filled, we will be monitoring it and if volume continues to increase or we pierce that level convincingly, we may close the trade prematurely and potentially open a long trade.
SPX500 quick intraday short for tomorrowHi Traders,
This is our view on this cross for the next days.
#SPX500
SELL 3834
SL 3848
TP 3820
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
———————————
Trading Kitchen
SPX500USD 2021 Jan 25 Week
SPX500USD 2021 Jan 25 Week
After the recent high showing supply, 2nd last bar again is a sign of weakness.
Besides, it has fallen out of channel and
If price broke 3820 and it becomes resistance
and let's see if a lower high is formed to confirm change in trend in the near term.
Resistant3 = 3927.5
Resistant2 = 3883.90 - 3894.20
Resistant1 = 3862 - 3869
Support1 = 3820 - 3833
Support2 = 3774.5 - 3784
Support3 = 3723.5 - 3728
Remember to Like and Follow if you find this useful.
Have a safe and successful trading week ahead. OANDA:SPX500USD
S&P 500 Reaches a Level of Resistance - Short TradeSPX500 - Short Position(s)
Entries: $3,784.4 / 3826.8
TP & RR: $3,728.8 (3.29 / 4.12)
Stop Loss Levels: $3,801.3 / $3,850.6
REASONS FOR THE TRADE
I think it's time for the SPX500 to take a break from this bull run. As such, I am expecting that price will reach either of the two levels that I would like to short. The Risk:Reward Ratio is favorable and the Stop Loss is just above the invalidation levels.
Now, you may be wondering why the SL of the first short is not placed higher, somewhere around the second order's SL. The problem is in the Risk:Rewards Ratio. If I am to do that, I will need to adjust my position size to account for the bigger gap between entry and SL. Also, the RRR of 3.29 will fall down to 0.84. So, even if I short from the first level and the setup proves to be valid, I will increase my capital by less than 1%, compared to over 3% if I keep the trade as it is.
Even if the first setup is invalidated, and we open a profitable short on the second level, the profit of 4.12R will compensate for the 1R loss and we will be at a profit of 3.12R. Of course, it would be unpleasant to lose 1% of the account, but that's just how trading works. You either take the risk or you lose the chance.
On a side note, since it's Monday, I am not placing those as limit orders, rather I have set alerts at the levels. When we reach them I will look at the volume, the 1h candle close, and will update the idea. We don't want to blindly place orders and hope for the best.