SPX. If we rhythm W/-20-21=W R Oversold technically BUT TaperingABC Vs. WXY
ABC could be done and we go up.
WXY we have another leg down.
Technically we are just oversold all across the board. Tapering is running the show.
Very clear 5 waves structure. The
question is whether this wave C of
a smaller degree count or an A of a
larger wave count
Spx500index
SPX. Core PCE@3.6 & PCE Index @4.3 "Tapering" is coming NovemberPersonal income rose by 0.2% in August following July's 1.1% gain, as expected in a survey conducted by Bloomberg.
Personal consumption expenditures were rose 0.8%, slightly ahead of the 0.7% increase expected after a 0.1% decline in July.
After adjustment for inflation, real PCE rose by 0.4%, as expected, after a 0.5% decrease in July.
The PCE price index rose by 0.4%, above the 0.3% gain expected, lifting the year-over-year rate to 4.3% from 4.2% in July. The price index rose by 0.4% month-over-month in July.
The core PCE price index increased by 0.3%, ahead of the 0.2% increase expected and following a 0.3% gain in July. The year-over-year rate held steady at 3.6%, still well ahead of the Federal Reserve's 2% goal.
Price: , Change: , Percent Change:
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.
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
Support me by like and share
Good luck
S&P 500 Index V-Shaped Recovery!Hello Fam!
S&P 500 fully recovered after February crash, we have a V-Shaped recovery, so if horizontal surpassed, we will get a new uptrend
Good luck to you!
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Idea is not the financial advice!
Megaphone - broad instabilityThis megaphone pattern, which is also called a broadening formation, indicates broad instability in the American stock market due to the expanding trading range.
Broadening tops appear more on tops than on bottoms and usually have bearish implications.
Price completed 1-5 Elliott waves sequence and now we are in Elliott correction phase.
Meaty bearish candles from institutional level indicate major institutions are entering into shorts. How far price will drop - God knows.
Classic broadening top projection sends us to unclosed level, which makes sense.
For educational purposes only.
SPX500 Trendlines - Fib Projections - Levels of importanceWe have levels of importance as you can see. The middle one is 0.618 from April 2019, a very important level. Other is price projections, with levels of importance, I expect bounce (at least small), from every level on the chart, as you can see it worked so far.
S&P 500 | Cup & Handle Please support this idea with LIKE if you find it useful.
There is a Cup & Handle pattern. And currently price fixed above the 50 MA. In case there is a confirmed breakout of the Horizontal Resistance we can continue the growth.
Nevertheless be carefull with this asset
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
S&P 500 | Broadening Wedge Tops & BottomsPlease support this idea with LIKE if you find it useful.
Price formed a Broadening Wedge Tops & Bottoms on Weekly. If there is a confirmed breakout of the Horizontal Resistance price is likely to continue forming the pattern and go to the Higher Boundary of the one.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
S&P 500 | Bearish a LotPlease support this idea with LIKE if you find it useful.
On weekly chart we have price was rejected by 200 MA, also by Ichi Cloud resistance zone.
On daily we got a rejection of the higher boundary of the descending channel and death cross was produced.
We should expect another leg down on next market open.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
S&P 500 | 200 Weekly MA Caught the PricePlease support this idea with LIKE if you find it useful.
Price closed above 200 Weekly MA and can retrace to the Upward when market opens. However the enviroment on the market is not stable yet, and we should wait for confirmation before to initiate long position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
SPX500 - the beginning of a recession?😲Good afternoon! It was a fun week for traders! The stock market is flying down. Is coronavirus so quickly led to such consequences, or is it just a reason to make money?
The graph shows the price movement options. We have already observed a correction of more than 21% in 2018. and everyone was expecting a recession. However, the price pushed off support and continued to grow. What will happen this time ??? There are several options. Which one will work time will tell.
Thanks to all my subscribers and readers for your attention! 🙏
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Disclaimer:
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
S&P500 4H Sell SignalS&P500 4H Sell Signal
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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