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Spx500long

SPX: A long-term consolidation may be forming.Possible scenario for the development of events for the S&P 500. The current decline could be in the area of 4000 or 3805. By the 2024 elections, it is desirable that the index be in the ATH area or higher. Selecting an index above 3490 will form a long-term consolidation with the first target for growth at 5480. Therefore, already in the area of 3885, for a long with a stop at 3490, the Profit factor will be 4. If they break through 3490, then a long-term downward trend, but a bullish scenario is more likely, since The United States is now doing much better than most countries on the planet.
OANDA:SPX500USDLong
by Gelium
If the S&P500 is to bounce, surely it should be today?We all know that global indices have been under pressure whilst the US dollar and bond yields scream higher. But with the S&P 500 respecting key levels of support and forming a bullish hammer on Wednesday, perhaps it is time for at least a sympathy bounce? Furthermore, the hammer low perfectly respected trend support and closed above the 200-day EMA, with a bullish RSI (2) that curled higher from oversold and the RSI (14) is itself nearing oversold. We're not looking for a strong risk-on rally, but a small bounce (perhaps towards the August lows of 4400 gap resistance level) may not be such a crazy idea. At which point we could seek evidence of a swing high and a potential break of trend support. Naturally, an immediate break of yesterday's low would also invalidate trend support and likely signal its next let lower.
TLong
by CityIndex
SPx500 awaits positive momentumHello everyone, Yesterday, the index price presented more sideways fluctuation by settling near 4525.00 without recording any new positive target, affected by the attempt of the Stochastic indicator to exit the overbought level. The price may be forced to form some bearish corrective waves, but repeated stability above the support levels represented by 4492 and 4475 supports the bullish scenario until reaching additional resistance extending towards 4555, which in turn constitutes the primary target for the current period. Pivot Price: 4525 Resistance prices: 4555 & 4579 & 4605 Support prices: 4492 & 4475 & 4437 The general trend expected for today is bullish
OANDA:SPX500USDLong
by Evar_Mayi
1
Spx500 rising stronglyHello everyone, In yesterday's trading, the index price took advantage of repeated positive pressures to jump above the stable barrier at 4422, thus recording significant gains by rushing towards 4515 , thus achieving the previously suggested goals. The price is currently still under the positive influence of the Stochastic indicator positioning within the overbought level, which invites us to wait for it to record additional gains that may extend towards 4529 , which in turn constitutes an extension of historical resistance to monitor the price’s behavior with the aim of confirming the expected direction for the upcoming trading. Pivot Price: 4495 Resistance prices: 4529 & 4558 & 4586 Support prices: 4461 & 4444 & 4405 The general trend expected for today: bullish
OANDA:SPX500USDLong
by Evar_Mayi
SPx500 testing initial supportThe index price failed in yesterday’s trading to resume the upward attack, affected by the exit of the Stochastic indicator from the overbought level, forcing it to form a bearish corrective bounce, We currently and continually expect the price to be exposed to negative pressures, forming an additional corrective decline to incur additional losses by being attracted towards 4328 and then trying to test the main support extending towards 4298 . As for its renewal of the upward push, this requires presenting a positive close above the 4383 level, to facilitate the task of achieving new gains that may extend towards 4402 and 4423 respectively. Pivot Price: 4383 Resistance Price: 4402 & 4423 & 4464 support price: 4328 & 4298 & 4268 The expected general trend for today: corrective bearish timeframe: 4H
OANDA:SPX500USDShort
by Evar_Mayi
SPX, longs but how long?Looking at the chart I can see that there's still potential for the US market and SPX in particular, but it looks like we are going to a major correction soon. Depending on the form of the wave A and currently unfolding B, I highlighted red dangerous zones with potential reversal patterns. Overall we have these possible options now: 1) Zigzag ABC (no higher than ~4.6k) 2) Flat ABC (no higher ~4.8k) 3) Extending Flat ABC (can be ~5k) 4) It's a wave B of correction wave so then after some consolidation after wave (v) we should form Minute wave 5. Keep longs for now, and keep watching.
SP:SPXLong
by nanfinance
SPx500 remains positiveThe index price offered some recent positive trading yesterday , trying to confirm continued positive with repeated stability above support The above calls us to wait for the price to gather additional positive momentum to facilitate the task of surpassing the 4383 level and reaching the next key target positioned at 4402. Pivot Price: 4383 Resistance Price: 4402 & 4423 & 4464 support price: 4353 & 4328 & 4298 The general trend expected for today: bullish timeframe: 4H
OANDA:SPX500USDLong
by Evar_Mayi
The S&P500 is preparing for an insane rallyHello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme. ------------------------------------------------------------------- Today I want to share with you my outlook on the S&P500: Over the past almost 15 years the S&P500 has been respecting a super simple bullish trendline. Always when the S&P500 tested this level, we saw a major rally towards the upside. And now the S&P500 is about to retest this trendline again and I do expect another push higher. ------------------------------------------------------------------- Most of the people always follow the quick money. But the quick money is never the big money. They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail. The only think which you can control is your risk, everything else is unknown. Keep your long term vision!
SP:SPXLong
by basictradingtv
43
SPX is in an uptrend now Let's be honest. SPX is in an uptrend now. The price has been creating higher lows and higher highs. The downsloping trendline which was acting as a strong resistance in March 2023 was retested and confirmed as a support. Since then the price has been in the uptrend and in our opinion we are at the early stage of the new BULL MARKET. Yes, you hear it right: BULL market. The price remains above the ichimoku cloud and it looks like it's breaking the horizontal resistance. It will take time for a price to recover but let's be clear here: we don't expect new lows on SPX. There will be more corrections and pullbacks but overall 4800 -5000 is a target which in our opinion we may see in 2024/2025 What do you think? Do you agree? Leave your comment :)
SP:SPXLong
by vf_investment
12