US SPX 500
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.
S&P500 Bear aiming to retest 2022 Aiming to break through support line to retest support at 2022 levels.
If that happens then we have a Double Top formation on the Monthly Chart.
At that point we can either go to pre-covid crash levels which is possible scenario to happen due to inflation and high interest rates from the banks in order to slow economy down.
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.
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.
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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.
DXY : Located in the recession border zoneHello?
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(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.
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(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.
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(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.
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- 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.
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** 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.
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SPX500 4H still bearishHello traders,The price currently needs new negative momentum to enable it to resume the negative attack to soon target the 4183 level, and then let us wait for it to attack the 50% Fibonacci retracement level positioned near 4138.
Pivot Price: 4215
Resistance prices: 4265 & 4302 & 4346
Support prices: 4183 & 4138 & 4098
The expected general trend for today: bearish with the stability of the barrier
US500 - Detailed Video Analysis 📹 From Weekly To H4Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #US500.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
SPX500 19/10 MovePair : SPX500 Index
Description :
Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction.
Entry Precautions :
Wait until it Complete its Retest and Rejects
(NAS100USD) Volatility Period: Around October 24thHello?
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
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(DXY chart)
The key is whether it can meet resistance and decline around 105.664-106.416.
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(SPX500USD chart)
To break out of the short-term downtrend, it must rise above 4369.8.
If it falls below 4280.2, there is a possibility of a downward trend in the mid-term.
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(NAS100USD chart)
It seems difficult to say that the current movement has turned into a downward trend.
However, if it falls below 14797.1 around October 24th and shows resistance, there is a possibility that it will turn into a short-term downward trend.
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** 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.
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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.
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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.
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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!
SPX500 Bearish Reversal , Time to fall Hello traders as you can see in my analysis it seems like spx500 has changed from an uptrend to a down trend forming a head and shoulder a classic bearish reversal pattern .
i believe the price is being influenced by the dollar monetary policy and the situation in Palestine so watch out for that .
but technically speaking , the price is coming down.
please share with me your thoughts below .
SPX500 - New Breakout 📈Hi Traders !
On The Daily Time Frame, The SPX500 Price Reached A Strong Support Level (4205.00 - 4155.00)
Currently, The Price Failed To Create a New Lower Low.
The Last Lower High is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 4428.00🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
DXY: Need to check if it can fall below 105.664-106.416Hello?
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(DXY chart)
The key is whether the price can fall below the 105.664-106.416 range and maintain the downward trend.
If this is not the case and the upward trend continues, the investment market is likely to enter a recession.
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(SPX500USD chart)
At the point where SPX500USD is currently located, the key is whether it can rise above the HA-High indicator, which is where the finger is pointing, and whether it can be maintained.
If it falls below 4142.5, there is a high possibility of a downward trend even from a long-term perspective, so caution is required.
(1D chart)
In order to turn into an upward trend, it must receive support and rise in the 4369.8-4476.0 range.
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(NAS100USD chart)
As explained on the SPX500USD chart, the key is whether it can rise above the HA-High indicator and be maintained.
(1D chart)
It is showing a movement almost similar to that of the SPX500USD chart, but the HA-Low indicator has not yet risen and been created on the 1D chart.
This means that the strength of the rise and the upward trend are still strong.
Accordingly, we need to check whether a new wave is created around October 24th.
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** 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.
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/ES: Bearish Bat Still Targeting $4250 or Lower/ES formed another level of MACD Bearish Divergence near the HOP of this Bearish Bat, and from the $4,400 level of interest after briefly peaking above it. During the PPI release, it has peaked back above it again, but on what seems to be less relative strength, so I overall suspect that it will fail from here and come down to test $4,350, and if that level doesn't hold, then it will likely go all the way down to the lower support range of $4,250, where it will then be in danger of breaking below the trading range entirely, which would take it potentially to or even below $4,000 really fast.
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 :)
Can S&P 500 Maintain Uptrend After Hitting Resistance at 4,320?Mechanical aspects of the market took over on Friday after the surprise job report. The job growth was nearly double what was expected, while unemployment and wage growth were basically within the same range they had been for months.
So, if there is progress in the labor market softening, it is tough to find, and the pace at which wage growth is coming down is way too slow to meet the Fed’s 2% inflation target anytime soon. The Fed needs wage growth closer to 3%, which is still over 4%. And while this job data alone isn’t likely enough to raise rates in November, it just pushes out the timeline for rates to stay higher.