SPX500USD 2021 Jan 18 Week
SPX500USD 2021 Jan 18 Week
Widespread up bar of bar A means weakness has been confirmed.
Market topping over and broke previous support 3774 - 3784.
Resistant3 = 3864
Resistant2 = 3825 - 3833
Resistant1 = 3774 - 3784
Support1 = 3723 - 3728
Support2 = 3661 - 3670
Support3 = 2608 - 3623
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Spx500idea
S&P 500 Long PositionS&P 500 Long Trade
Entry: $3,807.4
TP & RR: $3,871.4 (2.29)
Stop Loss: $3,779.5
REASONS FOR THE TRADE
Building upon yesterday's SPX500 trade on which we got stopped out, I am once again trying to catch a bounce up from the lower trendline in a channel.
This time the SL is set much lower and I am not a big fan of having such a wide distance, but I don't want to get stopped again.
SPX500/S&P500 ( DONT MISS THIS)here is SPX500 a.k.a S&P500 , we can see that price is moving respecting a bullish channel in 30 min, Then price has already tested the support of the channel, from here we are looking for buying in order for the price to test the upper boundary of the channel ( BUY AFTER RETEST)
SPX500 Within a Channel - 2 Possible LongsSPX500 Long Setup Idea
Entry Levels:
1) $3,785.7
2) $3,764.8
TP & RR: $3,870.7 (4.89 and 5.71)
Stop Loss Levels:
1) $3,768.3
2) $3,746.1
REASONS FOR THE TRADE
SPX500 may be due for a small correction and I want to catch the indicated level, which is a flip from resistance to support. I believe it should hold well, but what I am really looking for is a quick, clean wick to the entry or worst-case scenario a close and then a quick trend up. If the price closes under that level, then the trade will be invalidated and I will be looking to open the second long order with an even better Risk : Reward. I will also be looking at the Trend Volume RSI Analysis and what it prints in terms of trend and divergences.
SPX's Daily Purchase/Sale filing for directors/officers ***The legendary Fidelity Investments manager Peter Lynch once said, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” this guys is just simply smart.
***Beautiful data presented here very useful for long investors . Simple strategy, with every consideration you would usually take , just buy after these guys start buying : -) .
***No success rate here, just extremes reading here that's all
*** I wish Tradingview would add this to their indicators.
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***Trigger line to start watching for, for buying, is reading above 300:
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Date Reading
Mar, 16 2020 465
Aug, 10 2011 357
Mar, 10 2009 356
Dec, 1 2008 302
Nov, 28 2008 606
Oct, 14 2008 306
Nov, 13 2007 307
Nov, 20 2007 329
Aug, 6 2007 303
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***Trigger line to start watching for, for buying, reading between 200-300 :
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March 2, 2020 207
Dec, 11-26 2018 204*217* 229*220*226
Nov, 21 2018 215
Nov, 13 2018 250
Nov, 14 2016 217
Nov, 12 2015 202
Aug, 24 2015 239
Nov, 13 2012 220
Nov 12, 2009 204
Aug, 17 2007 295
May 11, 2004 212
May, 4 2004 216
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***Selling reading above 400 are reflected here Red Arrows
SPX500 and a NICE BUY-CHANCE!Hey tradomaniacs,
SPX500 could move up 👉
Todays sell-off pushed price down into a price-zone with possible bullish confluence.
Primary Trendline pls horizontal support-zone can be a very attractive zone for buyers as soon as we see a confirmed rejection.
In terms of correlations a perfect match with the GAP-CLOSE of DXY (US-DOLLAR).
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
SPX500 could PUMP again!Hey tradomaniacs,
After a re-test of the current trendline and key-support-zone we could see another bounce upwards in order to complete the impulse-wave-pattern.
Price-Action showing demand at this zone and so higher bullish confluence.
A pump today could be important for pairs such as NZD/USD, AUD/CHF and NZD/JPY to break their key-resistance-levels.
Since price and spread can vary for this assets I don`t make an call with exact Entries.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Spx500 Break and retest entryS&P looking like its making a morning star at the 61.8% on the Fibonacci and the retest zone. Going to target the previous high.
SPX500 Making Head & Shoulders PatternMake sure you like the post if you enjoy the publication! Thanks for the support!
Price currently making a head and shoulders pattern on the 2HR. Looking to target the daily retest zone to look to possibly take a long from there next. Wait for the 2HR candle to close for confirmation. We want a doji, spinning top or a bearish candle and will enter at close immediately.
S&P 500 1W-TIMEFRAME ANALYSISS&P 500 1W-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for SPX
the price will test 3130 daily support
My idea shows the possibility of breaking this support
But be relaxed
Real support is between 2970 and 3030 It would be good to test it
From there we will start the bull market
I hope my idea is clear
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Good luck