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Spx500long

SPX week preview - Positive accumulation week - Tension in AsiaSPX recovered quickly from last week’s flash correction on Monday. After such quick recoveries the market tends to accumulate in a slightly positive territory. The tension in the Asian market forces US capitals to move back to the US market. This movement will reinforce the USD currency and therefore weight a bit on the equity. The correlation between international markets will probably push US markets in a negative territory during Tuesday but this should not have a dramatic effect on the weekly performance. Our overview tends therefore to be quite neutral. Selling the 4325 put strike and buying back the 4320 seems an acceptable decision till the end of the week.
TVC:SPX
by CucabarraTrading
1
S&P 500 still going up !! Hello everyone , as we all know the market action discounts everything :) The SPX keeps going on as the Index price moved from 4147.36 to the range of 4371.08 in the last month alone almost a 5.4% increase in 30 days , the price seems to be moving in an rising wedge with no breaking of the trend line, the bulls trying not to lose control to the bears and they hope to keep working to keep this uptrend going and so far it looks like its still on the move. Using different indicators confirm this movement where we see that : 1_The SPX is at 4327.15 moving above the MA at 4139.02 and EMA at4140.38 (bullish sign) 2_The RSI is at 67.54 showing great strength in the market almost reaching overbought levels, no divergences between the RSI and the market price (bullish sign) 3_The ADX at 26.09 showing that the market is trending with a positive crossover with DI+ at 26.09 above DI- 13.34 Support & Resistance points : support Resistance 1_ 4315.42 1_4397.65 2_ 4261.28 2_4425.74 3_ 4233.19 3_4479.88 Fundamental point of view : The prior week saw a bit of excitement around the S&P 500, with the index pulling back on Thursday to trendline support. But the move on the Friday following that sell-off was a pronounced bullish engulfing candlestick that propelled price action to another trendline, helping to mark resistance on a rising wedge pattern. That bullish engulfing candlestick led into another move of strength on Monday, with prices setting that fresh all-time-high, with another showing up in US markets on Tuesday a few hours after that 5.4% CPI print. While rising wedge formations will often be approached with the aim of bearish reversals, given the length and force of the move, there’s not yet a bearish trigger nearby. For that scenario to begin to set up, traders would likely want to look for a test below near-term support around 4280, followed by a test of longer-term support around 4127. That could begin to set a reversal framework into motion. _____________________________ Make sure to Follow and Like for more content _____________________________ This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts 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.
TVC:SPXLong
by GabiDahduh
3
SPX500 with a nice BUY-CHANCEHey tradomaniacs, the market-depth of SPX500 (Furtures) is showing strong absorption at the bottom of the range. So far the biggies were able to take liquidity whenever there was a bunch of volume coming in trying to push price down below the support-zone. This is a strong evidence of a reversal! The only concern is we are still close to the daily Point-of-Controle which is usually a NO-TRADE-ZONE for me as institutional traders are doing their business there. Either wait for price to move away from it or take the risk and be patient until price moves away (higehr risk involved). I`m already long as this is a very likely scenartio with high risk-reward. LEAVE A LIKE AND A COMMENT - I APPRECIATE EVERY SUPPORT! Wanna see more? Don`t forget to follow me!
FX:SPX500Long
by Trading2ez
4
US Market Technicals Ahead (28 June – 2 July 2021)The second quarter is ending. Global stocks are on track to post their second strongest H1 gains since the turn of the century, but the second half looks harder to predict. All eyes turn to the US employment report on Friday, with investors hopeful for signs of improvement in the labor market after two months of slower than expected jobs growth. Meanwhile, the ISM Manufacturing PMI survey should point to a strong pace of expansion in factory activity, not far from March's 37-year high and despite the ongoing supply constraints. President Joe Biden’s $1.2 trillion infrastructure deal will continue to boost U.S. markets, but other concerns remain. Elsewhere, OPEC+ meets on Thursday with expectation to offer guidance into the coalition's production plan. Energy traders are anticipating another production increase as the demand outlook continues to recover. Here’s what you need to know to start your week. S&P500 (US Market) The benchmark index $SPX rallies to all time high, posting a weekly gain of +3.17% (+131.8 points), closing at 4,285 level. It is important to remain cautious of last week's rally as volume displayed was lacking, and seasonality is still in play. End of quarter 'window dressing' by portfolio managers could be a reason for the 'mark-up'. $SPX have now rebounded off the breach of its 20D and 50DMA (key levels highlighted last week), remaining within the trend channel established since early November 2020. The immediate support to watch for $SPX this week is at 4,135 level; a pivot low confluence with trendline support break. Jobs report The June nonfarm payrolls report is expected to show that the economy added 675,000 new jobs, pushing the unemployment rate down to 5.7% from 5.8%. With concerns over rising inflation and the strength of the recovery to the fore of investors’ minds, markets will also be looking at other labor market statistics, including wage growth and labor force participation. Last week Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to encouraging a "broad and inclusive" recovery in the labor market, adding that there is still a long way to go, and that support is still needed. Economic data Ahead of Friday’s jobs report, markets will get updates on pending home sales, ADP private sector payrolls, jobless claims and ISM manufacturing activity. The ISM data is likely to underline strains on the supply chain that are pushing up costs, boosting the chances that inflation will remain at higher levels for longer. OPEC+ meeting The Organization of the Petroleum Exporting Countries and allies, known as OPEC+ will hold a series of meeting in the coming week to review the situation in the global oil market ahead of an official meeting on Thursday. Thursday’s meeting is expected to result in another boost in output as the demand outlook continues to recover. Oil prices climbed to their highest since October 2018 on Friday, putting both benchmarks up for a fifth week in a row.
U
by jfsrevg
US Market Technicals Ahead (14 June – 18 June 2021) The Federal Reserve two-day policy meeting is the main event event for the markets this week, although the central bank is not expected to take any action but maintain an ultra-loose monetary stimulus. All eyes will turn to comments from Fed Chair Jerome Powell for clues about the central bank's latest view on inflation. While the outcome of the Fed meeting will take the limelight, investors will also be looking closely at economic data on U.S. retail sales and producer prices for an update on the strength of the economic recovery. Here is what you need to know to start your week. S&P500 (US Market) $SPX rose +0.41% (+17.4 points) for its third straight positive week, closing at a all time high level of 4,250. Investors are giving growth stocks another chance as bond yields come down. The 10-year Treasury went below 1.43% on Friday, a three-month low. Stock markets are likely to tread water, with investors reluctant to take new positions ahead of Wednesday’s Fed statement which will be scrutinized for clues regarding its timetable for raising interest rates. $SPX continues to reflect a minor bearish divergence as highlighted last week. The immediate support to watch for $SPX is now at 4,165, a breakdown of its classical support, along with 20D and 50D major moving averages. Fed meeting Investors will be zeroing in on the Fed's statement at the conclusion of its two-day policy meeting on Wednesday against a background of persistent concerns over whether inflation spikes could pressure the central bank to start tapering its stimulus sooner than expected. The Fed has repeatedly said that near-term price spikes will not translate into lasting inflation and Chairman Jerome Powell is expected to stick to this stance and reassure markets the Fed’s policy will remain accommodative. While inflation numbers are rising, the recovery in the labor market remain sluggish. The economy added 559,000 jobs last month after gains of just 278,000 in April. That left employment about 7.6 million jobs below its peak in February 2020. Most analysts are not expecting the Fed to begin discussing scaling back its asset purchase program before its annual conference in Jackson Hole, Wyoming, in late August. Economic data Away from Fed meeting, the U.S. is to release May data on retail sales and producer price inflation on Tuesday. Also out on Tuesday is industrial production data which will be closely watched amid issues over supply constraints and labor market shortages. This could translate into increases in producer price inflation. The economic calendar also features reports on housing starts and initial jobless claims. Data on Thursday showed the number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months as the reopening continues. Meme Stocks Mania Meme stocks could also remain in the headlines after a volatile ride last week. GameStop ($GME) hit a high of $344.66 Tuesday and dropped as low as $206.13 Friday before closing at $233.34 per share. Besides meme stocks, Treasuries could also be in focus after an unexpected slide in yields. There was a major move in the rate of the benchmark 10-year, watched most closely by investors, as it influences mortgages and other important lending rates.
ULong
by jfsrevg
US Market Technicals Ahead (17 May – 21 May 2021)Focus this week for investors will be on the minutes from the last Federal Reserve's last policy meeting that are due on Wednesday. There will be hopes that they might provide some clarity on policymakers' next moves. Last month, the Federal Reserve left monetary policy unchanged, despite acknowledging a "temporary" rise in inflation and an improvement in the economic outlook. Additionally, with a strong U.S. Q1 reporting season winds up; retailers are getting started - Walmart ($WMT), Target ($TGT), Home Depot ($HD), Lowe's ($LOW), L Brands ($LB) and Ralph Lauren ($RL) release results this week. The numbers will show how consumer spending is shaping up as the economy rebounds from the coronavirus. And after U.S. consumer prices rose by the most in nearly 12 years in April, investors will want to see whether price pressures are building for companies. Also, the CDC said fully vaccinated people can stop wearing face masks and end physical distancing in most settings. Here is what you need to know to start your week. S&P500 (US Market) The benchmark index ($SPX) erased all gains for the month of May, losing -1.31% (-55.4 points), with trading floors awashed with red after a higher-than-expected reading on US inflation fuelled bets of potential tapering of the Federal Reserve’s bond-buying before year’s end.  $SPX is currently trading below its 20DMA, along with an failure attempt to break its minor classical support level of 4,110 highlighted last week. It is also worth to note that $SPX ATR-14 have rebounded from its year low level of 40 points/day, with a 20% increment towards 50 points/day during the week. Trading volume resumption back to its normalcy is also witnessed on 13th May, the day of the rebound.  The immediate support to watch for $SPX remains at 4,110 level, a minor support turned major support level, coinciding with its 50DMA.
ULong
by jfsrevg
SPX500 could MOVE UP again!Hey tradomanics, after Yellens statement about potential higher interest-rates we`ve seen slightly a sell-off in equities. Read more 👉 uk.investing.com In this newsfeed you can clearly see how sensitive the market reacts to any kind of hints of a tighter monetary policy, which is why the market has been so chaotic yesterday. The market is currently torn between a positive progress in termns of corona, partially decent earnings and potential higher interest-rates in the future. This is also indicated by mixed equities as DOW&JONES has been way stronger than SPX500. Nasda100 suffered the most from that statement, but we can clearly see that there is no cashflow out of stocks, its more like a cashflow from value into growth and vice versa depending on fundamental circumstances. I personally took a long-.trade a little bit earlier as I´ve seen strong bullish orderflows in market-depth. Risky trade, but overall likely with potential high volatility! Wait for more confirmation! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
OANDA:SPX500USDLong
by Trading2ez
3
#S&P500 CAUTIOUS !#S&P500 cautious! - Now it has gone too far. - In order for the SPX uptrend to be sustainable, 2 correction cases should occur. + Case 1. Back to the MA50 green line, the yellow support line confluence. + Case 2. Back to the MA200 red line, the yellow support line confluence. #S&P500: time frame weekly, cautiously with 2 candlesticks on the top , The RSI is in the overbought zone, the increase is not much. #S&P500: time frame daily, a sign of a bearish divergence?
SP:SPXShort
by Truong_Ca
2