Target reached 3/29/22, bullish close = final bull move (4700+)At the beginning of the week , I called SPX hitting 4626 and SPY 460 by the end of the week but it seems it has reached to the price a lot faster than expected.
Moving forward, todays close is imperative to future movement as one more bull run might be imminent before the eventual correction . If SPX is to close around the 4620s , I could see it pushing one last time up to a total price of 4700 + specifically 4707 . Once reached, there may be more of a reason to short the entire market even if temporarily to 4504 .
As for SPY, 470 is possible given the price closes bullish today.
Thank you for reading.
Spx500long
S&P 500 IndexThe world’s most important stock market index, the S&P 500, rose firmly last week, despite earlier making the first “death cross” / “bear cross” (50 day moving average crosses below the 200-day moving average) seen since the coronavirus shock of March 2020.
The price closed Friday with strong short-term bullish momentum just a fraction below the 200-day moving average. If the price can now get established above that moving average, it will be a bullish sign that the bull market is likely to continue after pulling itself out of correction territory.
There is an obvious key resistance level at 4596.
SPX LONG ZONE UPDATEDFor More Daily Detailed Analysis, Go ahead and click on the Follow Button,
Here we have our US INDEX chart of the SPX.
We are looking to the long side on improved sentiment and the current price action zone we arrive at.
We can look to the north side for an exit at some comfortable resistance.
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Here we have our SPX chart.
As we return to key market memory zones we can look for an upside move from upside bias. Market sentiment is improving which helps this Particular bias..
for exits we can look towards our KEY MA's and some early resistance as noted.
Use eclipse/arrows for price guidance.
SPX 500 ZONES FOR TRADINGFor More Daily Detailed Analysis, Click on the follow button. If you have Any Questions, Please do ask them!
Here we have our SPX Chart,
On current market sentiment we have seen a large fall in the SPX, noted by the close on the last bearish candle..
As we approach later Support zones we can start to get long looking for sentiment changes and accumulation of lower prices.
Exit comes at early resistance as scaling occurs.
SPX TRADING For More Daily Detailed Analysis, Click on the follow button.
Here we have our SPX chart on the daily..
As global tensions increase we have seen falls across global equities, with some rebounding. The US stock market is still falling heavier to key support..
As price falls with Strong candles it is important to slow down and get lightly long, awaiting entry conf.
We can look long to early resistance levels for an exit. Trade SMALL in the current climate as market sentiment will dictate.
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Here we have our SPX chart.
The US stock market is set to open lower in line with various GLOBAL equities.
Wall Street has not been hit so hard compared to other indices, but risk is still ON so we can start to get long lightly at the labelled zones with Market sentiment in mind.
Use arrows and eclipse symbol for price direction.
S&P 500 (SPX) | The best target for correction♻️Hello traders, S&P 500 in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the main waves 1, 2 and 3 have been completed and the wave trend of wave 4 has started with the breaking of the line.
We have already said that we doubt the structure of Wave 4 and were hesitant between the corrective structure of the triangle and the zigzag
We said that if another descent is made beyond the previous floor, we will conclude that we are inside a zigzag.
It is probable that from this zigzag, wave a is formed as five waves and wave b is confirmed by breaking the trend line and moves around Fibonacci 0.618 and may go happily forward from this area and then another descent for wave c is formed.
If Fibo 0.618 is completely broken, we should look for another structure.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
SPX TO TURN LONGFor More Daily Detailed Analysis, Click the Follow Button.
As Global Equities fall amid the current Market Sentiment we can look for intraday light longs.
Global news can cause Rapid movements as you will have seen as of late. As we pull down to a key buy zone on former market support we are going to start to look long.
It is important to Trade lightly on this move, so do NOT overload the position because price is low.
Use arrows and eclipse symbol for direction of price.
SPX Long Zones on Fall.For More Daily Detailed Analysis, go ahead and press the Follow Button. If you have any questions, please do ask them in the comments section..
Here we have our SPX Analysis.
After global tensions increased on the weekend we saw economic sanctions against Russia. This has caused various assets to turn Red on Market open today. The sentiment continues to be changing as resolve efforts continue.
From a TECH perspective we can look to get lightly long on the new falls and short rises higher as shown in the analysis.
Use correct risk managment and Trade safely.
SPX LIVE FULL ANALYSISPress the Follow button for more Daily Detailed Analysis. If you have any Questions, Please do ask them in the comments Section!
Here we have our SPX charts, showing us a recent move to some comfortable support. The fall has been caused by current global tensions Across various continents and the dismal prospects of a war, having its negative effects. Any conflict often does this because it causes huge disruption to economic infrastructure and banking systems, none of which is beneficial to growth.
As we return to the Cleary noted support zone, Supplied by various candlewicks we reach a point of price Memory. This level has been seen by buyers previously and will be used again as a point of reference. After the recent large fall, we can look to take it on the longside as sellers are removed and bulls step in. Market sentiment is likely to provide the basis for this in the nearer term. If you need to multi hedge across assets it may also be advisable.
S&P500 swing Buying opportunityHey traders, we are monitoring S&P500 for a long term buying opportunity around 4270 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
SPX LONGPress the Follow button for more Daily Detailed Analysis. Should you have any questions, Please do ask them.
Here we have our SPX Chart analysis.
With global tensions rising we have seen a dip back in the price of the SPX. this has been sustained over several weeks as we can see from our high timeframes. On this dip we can start to get lightly long.
The second Long zone can also be taken lightly. You must remember to suit your Trading to market conditions to stay safe.
SPX LONG Zone..Don't forget to Click on the Follow Button for More Daily Detailed Analysis. Also, if you have any questions, Please do ask them in the comments Section.
Pre Market we have seen SPX start to drip down to comfortable support at our Key MA's. This comes after renewed Tensions Globally amongst Russia and the West. We can start to look long on this fall due to current market sentiment and exit after and upside move back to early resistance and price action.
Exit at the eclipse symbol Area.
SPX 500 Long ZoneDon't forget to Click on the follow button for more Daily Detailed Analysis. Please do ask any questions in the comments section should you have them!
Here we have our SPX chart..
Upon exiting shorts at previous resistance we can start to look long on the fall that has followed from the large fluctuations in the market yesterday on US inflation news.
We are seeing a Sideways Channel action on Lower TF's and we are also reaching strong support within it. Look long at this zone.
Exit at the eclipse symbol area, Mid Level in the channel (dotted Line).
SPX S&P500 V-Shaped Recovery by mid March ?Looks like this V-Shaped Recovery by mid March chart is still in cards:
Federal Reserve policymakers will raise interest rates in March but keep options open in the face of inflation outlook and the pandemic still ongoing.
Until March theories suggest that we can still see a V-Shaped Recovery in the stock market.
Looking forward to read your opinion about it.
SPX with MOVEMENT..For More Daily Detailed Analysis, Don't forget to click on the Follow button. Also, if you have any Questions, Please do ask them!
Here we have our SPX charts..
We are looking for a continuation of a move to the long side.
Recent news has seen the SPX rebound from a price action level. We can look for RE entry to the long side and trade the move to our longer term target.
Exit at the eclipse symbol area.