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US SPX 500

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
SPx500 moving slowlyIn yesterday's trading, the index price touched the level of 4402 and then repeated the sideways fluctuation near 4362, affected by the attempt to exit the Stochastic indicator from the overbought level, while the general stability is above the support level extending towards 4383 and the attempt to form the moving average 55 for additional support by settling at 4423, this calls us to adhere to the bullish bias. Which may soon target 4423 and 4464, respectively. Pivot Price: 4383 Resistance Price: 4402 & 4423 & 4464 support price: 4353 & 4328 & 4298 The general trend expected for today is bullish timeframe: 4H
OANDA:SPX500USDLong
by Evar_Mayi
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
DXY : The key is whether it can be maintained below 105.664Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DXY chart) DXY is showing a decline below 105.664-106.416. Therefore, the key is whether it can meet resistance and decline around 105.664. The decline in DXY is because the investment market is likely to be active. ----------------------------------------- (SPX500USD chart) If it remains above 4369.8, it is expected to turn into an upward trend. If not, a gradual decline is expected. --------------------------------------------- (NAS100USD chart) Since the HA-Low indicator on the 1D chart was created around 14328.9, if it remains above the HA-Low indicator on the 1D chart (14437.6), it is likely to continue the uptrend. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
TVC:DXY
by readCrypto
SPx 4H :Trying to retest SPx New forecast Despite the weak trading of the index price yesterday and its repeated stability near 4353, this will not affect the main upward path, so we will maintain our bullish bias, but before that the price will try to form a downward correction, and after that it will rise. Therefore the price will try to formed the negative correction and to confirm that should stable under 4353 and then the price will try to reach 4341 and breaching that will extend to 4321 , taking into account that stabilized above 4370 level will force the price to return the main bullish trend and targeting 4395. The expect range trading for today it will be between the resistance line 4395 and support line 4341. Additionally Today ,New York sessions will affect on the Indices . support line : 4353, 4341 resistance line : 4370 , 4395 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:SPX500USDShort
by Arazmajeed
SPx 4H :Above 4370 will support to rise SPx New forecast The price perfectly fulfills my last idea and price reached to our target +150 pip . The index price rose last week and reached to our targets and confirmed its move towards the upward path by rushing above the 4321 level. We expect the price to resume the upward attack, waiting for stability above the 4370 level to confirm the continuation of the upward trend. Therefore the upward scenario will be remain valid supported by moving average 50 ,but to confirm the bullish trend should stable above 4370 and then our target will be activate and will reach to 4395 and 4427, taking into account that breaching the support level 4354 will force the price to formed the negative correction and then will rise up . The expect range trading for today it will be between the resistance line 4395 and support line 4341. Additionally Today ,New York sessions will affect on the Indices . support line : 4354 , 4341 resistance line : 4370 , 4395 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:SPX500USDLong
by Arazmajeed
10
S&P 500 - Bullish Continuation for 2024█  OVERVIEW Since 2022, the S&P 500's consolidation efforts seem to be coming to a clear Head and Shoulders pattern, completed by a recent 3 bullish drives pattern. While it would be naive to think a straight beeline to 5000 is in play, the current price of 4350 is suggesting a return to new highs in early-mid 2024. This is likely to be in sync with the Federal Reserve rate hikes and the resulting market adjustments made at each announcement by Chair Powell. Sharing this as an educational/informative learning opportunity of technicals playing in sync with fundamentals. █  CONCEPTS Head and Shoulders The inverse head and shoulders pattern is a widely recognized technical chart pattern seen on analysis across this platform. Primarily, many see the pattern used in potential trend reversals in various types of markets, particularly in stocks, currencies, and commodities. The iH&S pattern consists of three main components: Left Shoulder: First phase that occurs during a downtrend. Represents a temporary low - selling pressure starts to weaken and buyers start to enter Head : Central and most important component of the pattern. The head forms after the left shoulder and becomes the lowest price level reached in the downtrend Right Shoulder : Similar to the left shoulder in that it represents another temporary low point in the price Three Bullish Drives First Drive: The first drive occurs after a prolonged downtrend, during which selling pressure has dominated the market. In this phase, the price of the asset starts to show signs of stabilization or slight recovery. Second Drive: Following the initial recovery, there is often a pullback or consolidation in price. This is the second drive, during which the asset's price retraces to some extent but doesn't make new lows. Third Drive : The third drive is the final and critical phase of the pattern. It occurs when buyers make a strong push to drive the price higher, surpassing the previous resistance levels and confirming the trend reversal.
SP:SPX
by kingthies
SPX500 to continue in the rally?US500 - Intraday Price action has formed an expanding wedge formation. The formation has a measured move target of 4540. The trend of lower highs is located at 4323. Bespoke resistance is located at 4331. A break of 4340 is needed to confirm follow through bullish momentum. Economic figures could adversley affect the short term technical picture. We look to Buy a break of 4340 (stop at 4300) Our profit targets will be 4440 and 4460 Resistance: 4323 / 4331 / 4380 Support: 4269 / 4190 / 4187 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
SPX500 ShortThe SPX is showing 4 variables that suggest the price will drop. In our trading strategy, when an asset that is showing 4 variables in the same direction, we take the trade. As always the SL is one that as of right now makes sense, we will update if something changes. The 4 edges (Variables) that suggest downside: 1. Confirmation of old channel as resistance. 2. Confirmation of 2021 high as resistance after price failed to return above it. 3. Bearish divergence on the MacD. 4. A bearish dark cloud cover/ piercing line candlestick formation (Confirmed with a negative close today). Not to mention the asset retraced 61.8% to its recent high from low putting it in the golden zone. We can never say an asset WILL go in a specific direction. We just look for scenarios where, based on researched methods, an asset has a higher probability of going in a direction. When multiple edges line up, we take the trade. This is one of those cases.
BLACKBULL:US500.FShort
by SynergyTradingSetups
2
NAS100USD : Check whether it rises above 14328.9Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DXY chart) It appears to be moving sideways near the 105.664-106.416 section. This section is an important boundary section of the investment market, so the key is whether a trend is formed outside of this section. In order for the investment market to become active, I believe that DXY must fall and remain below the 105.664-106.416 range. ---------------------------------------------- (SPX500USD chart) SPX500USD is showing a cascading decline. Additionally, it is falling below 4142.5, showing signs of a downward trend even from a long-term perspective. Accordingly, the key is whether it can rise above 4142.5 and be maintained. -------------------------------------------------- - (NAS100USD chart) It is showing the same movement as the SPX500USD chart, but I think it is still ambiguous to say that it has turned into a downward trend. If it falls below 14328.9 and remains there, it is likely to fall to around 13231.6 in the near future. Accordingly, the key is whether it can rise above 14328.9 and be maintained. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
OANDA:NAS100USD
by readCrypto
SP500 Sets to trend lowerGreetings, traders! Analyzing the Consolidation Phase of SP500's: The SP500 has been locked in a substantial consolidation period spanning the last 24 months. This extended consolidation often signifies a period of market indecision, with buyers and sellers in a tight tug-of-war. Such phases are crucial for traders as they often precede significant price movements. Bearish Harmonic Pattern: During this consolidation, a bearish harmonic pattern has emerged, casting shadows on the index’s future. Harmonic patterns, with their unique geometry, are potent indicators of potential trend reversals. Traders keen on technical analysis often scrutinize these patterns for hints on market direction. August - September - October Decline: A Sign of Bearish Momentum? A notable decline in August, followed by further lowering lows in September and October, underpins a growing bearish sentiment. These descending movements suggest a potential downward trend, capturing the attention of traders seeking short positions. Key Levels: 4200, 4000, and 3880 - The Battle Ahead: As the index hovers below the critical 4200 mark, traders are bracing for a challenging journey ahead. The next formidable support levels lie at 4000 and 3880. These levels, once breached, could trigger substantial market shifts, offering both peril and opportunity to astute traders. RSI: A Guiding Star in the Storm: Accompanying this price action, the Relative Strength Index (RSI) traces the market's movements. Notably, the RSI has carved a downward resistance line mirroring the index's descent. Savvy traders recognize this RSI trendline as a potential breakout signal, offering a glimmer of hope amidst the bearish landscape. The SP500's current position demands a nuanced approach, with meticulous attention to patterns, support levels, and RSI signals. Arm yourself with knowledge and strategic insight to navigate these uncertain waters successfully. As always, happy trading, and may your strategies be as resilient as the market itself!
OANDA:SPX500USD
by Vestinda
SPX Market Crash: The 150y Elliott WaveThis is an SPX chart from 1872. A 150 year old chart. As you know, I am the Elliott Wave Jedi. So, I took the liberty of labeling this SPX500 chart. There's only one thing I can say: "SNP500 is preparing for a BIG Drop, a Market Crash". My Wave Count suggests that a major Bearish Swing is starting, or will start soon. The 2009 lows are inevitable. Price Action will be drawn there like a magnet. Calling all Autobots! ( SPX , SPX500 , SPX500USD , SPXUSD , US500 , SP500 ) A Recession is due and bigger events will crash the markets globally. * Some more details in the related ideas. Fundamental Analysis & Facts: * Fear vs Greed: VIX (Volatility Index) It will spike! * US Consumer Confidence Index: USCCI People are worried about the future. * US Inflation Rate: USIRYY War is coming. * US 10y Yields: TNX The 40y Downtrend Break-Out * US 10y Bonds: USB10YUSD Bonds Rush, Investors & Fear Technical Analysis: Elliott Wave Cycles The Wave Count tells me that a Major Degree is ending, in this case it's the SubMillenium Wave 3. If you are good at counting waves, then you can see that as well. The Elliott Wave Time Degrees are on the chart. Levels I am watching: $4500 & $6500. IMO, SPX has already started the Recession Bearish Swing, so I am already treating the ATH as the actual top. In case of another ATH, then this will mean that the current position was a SuperCycle (IV). After the last 5th, SPX will surely drop, from around $6500 back to $1100. However, as I said: "I believe the Markets have topped, and that the Recession has started". Check out a close-up: 2009-2022 Elliott Wave Count. I am shorting the Markets. Good luck guys and many pips ahead! Richard, the Wave jedi. P.S. Props to @TradingView for providing this 150y old chart.
TVC:SPXShort
by Lionheart-EWA
9
S&P 500 turns lower on Friday and is now in correction territoryThe S&P 500 turned lower Friday, pushing the S&P 500 into correction territory, down 10% from its high close in July 2023. The S&P 500 joined the Nasdaq Composite in correction territory on Friday after falling more than 10% from its July high close. It dropped to a new five-month low. The broader index last traded at 4,118.57 during intraday trading, roughly 10% off the prior closing high of 4,588.96. The major average was last down by 0.5%. The benchmark index slipped 0.5%, putting it down more than 10% from this year’s peak. It also hit its lowest level in five months. The Dow Jones Industrial Average traded 312 points lower, or 0.9%, pressured by declines in JPMorgan Chase after CEO Jamie Dimon said he planned to sell 1 million shares next year. A 6% decline in Chevron also pushed the Dow lower. The Nasdaq Composite held 0.3% higher thanks to shares of Amazon. which added more than 8% after the e-commerce giant trounced analysts’ expectations for revenue and earnings in the third quarter. Other megacap stocks such as Microsoft followed Amazon shares higher. All three major averages are on track for steep weekly losses. The Dow and S&P 500 are down 2% and 2.6%, respectively, for the week. The Nasdaq has fallen 2.8% in that time, dragged down from steep declines in Meta Platforms and Google-parent company Alphabet. The decline in key tech stocks pushed the Nasdaq into correction territory after falling more than 10% from its closing high in July on Wednesday. This week also saw the index record its worst trading day since February. Disappointing earnings have pressured the market this week. Ford dropped more than 10% after the company missed third-quarter expectations and pulled its guidance for the year, citing the UAW strike. Chevron shares were down after the energy giant reported earnings. Traders also weighed new inflation data after the core personal consumption expenditures reading for September was released ahead of the Federal Open Market Committee meeting next week. Core PCE increased 0.3% in last month and 3.7% year over year, matching estimates from economists polled by Dow Jones. Consumer spending increased 0.7%, however, surpassing estimates of 0.5%. PCE is the Federal Reserve’s preferred inflation gauge.
SP:SPXLong
by DEXWireNews
US500 to turnaround today?US500 - Intraday Price action has formed an expanding wedge formation. The medium term bias remains bullish. Trend line support is located at 4145. Trend line resistance is located at 4345. A break of 4172 is needed to confirm follow through bullish momentum. We look to Buy a break of 4172 (stop at 4132) Our profit targets will be 4272 and 4292 Resistance: 4172 / 4257 / 4345 Support: 4145 / 4127 / 4100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
Big corporations rolling over after months of relentless risingThe current earnings season in the United States brought forth intriguing results. Nevertheless, we have seen some adverse reactions to relatively good results. For example, Alphabet (Google) lost about 10% following its quarterly earnings on Tuesday, despite its revenues and net income soaring (YoY) in 3Q23 by a significant margin (though it is important to note that the company missed some of the analysts’ estimates). Based on multiple observations, we might be at the brink of rollover in the highly capitalized corporations (following months of relentless climb higher). This potential rollover represents a significant danger to the performance of the U.S. stock market indices (which were driven to heights mainly by these large companies). Now, they might start being responsible for driving them down. With that said, we want to bring attention to the small caps, particularly Russel 2000. Unlike SPX or NDX, this index has not gone through an immense rally over the past year (something many people chose to ignore, calling for a genuine bull market). In fact, RUT is down about 6.7% year-to-date, telling us a completely different story about the health of the economy than SPX or NDX. In addition, we would argue that a lot of economic data reflects a better picture of the economy than reality suggests. As a result, we want to raise a word of caution to market participants. Illustration 1.01 The picture above shows the daily chart of Russel 2000. The index is hovering just slightly above the 2022 lows. Illustration 1.02 Illustration 1.02 displays the chart of Alphabet, Amazon, Apple, and NVIDIA. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXShort
by Tradersweekly
DXY : Located in the recession border zoneHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DXY chart) If it rises above the 105.664-106.416 range and maintains the upward trend, the investment market is expected to fall into a recession. Accordingly, the key is whether the price can fall below the 105.664-106.416 range and maintain the downward trend. -------------------------------------------- (SPX500USD chart) On the 1D chart, it is falling below the HA-Low indicator, showing a short-term downward trend. However, since it has not fallen below the HA-Low indicator on the 1W chart or 1M chart, it cannot be said that it has yet turned into a downward trend from a mid- to long-term perspective. Therefore, it is expected that it will rise above 4369.8 to break out of the short-term downtrend. ------------------------------------------------- (NAS100USD chart) The NAS100USD chart does not show a short-term downtrend yet. Therefore, the key is whether it can rise above 14797.1 and maintain the upward trend. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
TVC:DXY
by readCrypto
1