SPX Setup Rebound to 3500 area.US500 - Short term - We look to Buy a break of 3469 (stop at 3455)
We are trading at oversold extremes. Prices have reacted from 3442. Bespoke resistance is located at 3469. A break of 3469 is needed to confirm follow through bullish momentum. We have a 61.8% Fibonacci pullback level of 3509 from 3550 to 3442. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 3509 and 3520
Resistance: 3469 / 3496 / 3509
Support: 3465 / 3460 / 3455
Spx500long
SPX AND THE BIG SHORT To understand very we the recent violent movement in this market, we have to come back to the basics that's why i choose the Fibonacci to support our view with golden numbers, i based this analysis from the past important bullish trend ,now if you are already in a short position, you have to double up your position, the first target now is the level of 3465.1 and the second is 3366.5
Amazing Week For SPX, Big October Coming 3800+SPX - Three weeks to go to election. Pretty amazing price action this week. After a scary push down on Tuesday. Wednesday, Thursday and Friday did nothing but go up the rest of the week.
SPX is due for some consolidation but all indication is SPX is going to have a big October including a test of all time highs and beyond.
3425 is a key level to hold on any pullbacks. If SPX can get over 3486 it opens up 3528 and 3579 above. 3486 is the final key resistance before 3600+.
Below 3425 is 3411 and 3389. If SPX loses 3425 look for longer term consolidation or sideways range bound action into the election.
SPX was stronger than NAS. It reached it's key resistance level at 3486, NAS is still under this level. BOTH NAS and SPX will have to clear their key resistance levels to test all time highs.
Avoid the noise of why the market is going up or why it can't go higher. Let go of your own biases. The price action is telling us it is going to test all time highs. If this changes we will change with it but don't let bias or fear hold you back from the opportunity that is currently being presented.
SPX500 TO REACH THE ALL TIME HIGH AGAIN...All we are waiting for is a break and retest of this major H4 resistance level before looking to go long, hopefully we can add a fibonacci setup and look for bullish divergence as added confluences, but right now its a waiting game.
Consider following my tradingview page,
MAKE SURE YOU CHECK OUT THE INFORMATION AT THE BOTTOM OF THIS PAGE,
Good luck, stay blue,
Ash
Rocky Roads Ahead for SPXFor every one that wants a quick analysis. Basically, SPX is going to be bouncing in this 3400-3205 range for a little while. I believe that we are entering into a consolidation period before a big move. To early to tell which way it is going to go.
For everyone that wants a more detailed analysis here it is. SPX broke through its major support line, the grey line on the graph, which then made the pink line the new support. However, it broke through that new support which created a nice price channel, represented in purple, which was somewhat quickly broken through. The break through was very bullish. As seen it was a big gap up and closed very green. However, since then it has been fighting the new support, now resistance, and the 50 MA. On top of that we also have a strong resistance area at 3400. Now today we tested getting over that pink line resistance, the 50 MA, and almost tested 3400 but it failed. This in my opinion is not a great sign. I'd put my money on a pretty bearish day tomorrow. We are going to stay in this new horizontal price channel, represented by green, for possibly up to a few weeks if there is no clean break out soon. I'd expect it to be very consolidated unless some miraculous news comes out. If you are trading keeps those stop losses tight.
Happy trading
The Buckshot Projection Of Movement To Election DayThe next quick bear market is in the cards. However, the run to new all time highs will not make the next bear market hurt as much. This projection is an update to one previously posted the other day which accounts for Intermediate wave 4 ending on September 24.
The specifics of each plotted point is based on the next top occurring on November 5 and lasting 30 trading days. Intermediate wave 3 lasted 46 days, and therefore this fifth Intermediate wave cannot surpass 46 days in length per the theory's guidelines. I will continue to watch each Minor wave and adjust this scatter plot accordingly.
Primary wave 1 will likely end around election day. I currently have the top after the day itself (November 3). I still see a significant decline to follow. This could do with the election's result and presumed impact to the market in the future. I do see an even stronger rebound when the bottom is attained during Q1 of 2021.
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 - 3300 Objective Met. Lower Prices Still In the Cards.Please give this an idea a like if you found it helpful. Price still has the potential to reach lower. Next Objectives are 3280 & 3250. Remember, I am eventually looking for 3200. Refer to the related ideas attached to this post. Thank you.
SPX500 and its FAKE-SELL-OFF?!Hey tradomaniacs,
in the chart I show you some points why I doubt in a sell-off right now as it is expiration-day and the volatility is generally very high.
There are so more points I don`t need to note as they need more explanation but these points are enough for me to stack more longs.
In case of a drop I just hedge positions. :-)
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. :-)
SP500 (Y20.P4.E1.v2).Still bullish with a correction playing outHi All,
Keeping it short:
With the assumption that we have made wave 1 on the macro level with this being the top, then we are having the ABC retracement.
We can assume that we can have a moderate correction or a deep one.
For now, the projection is the 0.382 retracement level which has confluence with the Weekly 21 EMA;
If it was to be deeper, then the 0.5 to 0.618 EMA level which has confluence with the weekly 50 or 100 EMA;
For now, we are in an uptrend and hence the 21 weekly EMA is more probable for ABC completion with a bounce at this level as its on a support line along with confluence on the fib. retracement for this impulse and the 50 daily EMA. Possibly testing the new high;
The question is if it was to bounce, how high will it go will determine the size of the ABC correction;
With this in mind, I'm also looking at BTC to follow suit;
Lets keep an eye on this to a) anticipate BTC levels and b) review and take lessons from the outcome.
Please give me a like or tick for this post.
Regards,
S.SAri.
Daily
Weekly
Note on the daily, no bearish divergence but its on the weekly
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