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 .
US SPX 500
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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DXY: Need to check if it can fall below 105.664-106.416Hello?
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(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.
SPx500 4H The S&P is awaiting negative momentum SPx500
if it falls above 4265 in this direction will rise to 4288 then 4312 then 4334
but if it is below 4265 the direction will go down 4219 , 4197 then 4177
Pivot Price: 4265
Resistance prices: 4288 & 4312 & 4334
Support prices: 4219 & 4197 & 4177
The expected trading range for today is between 4219 and 4288
timeframe:4
SPx500 4H Still bearishSPx500
if it falls above 4265 in this direction will rise to 4288 then 4312 then 4334
but if it is below 4265 the direction will go down 4219 , 4197 then 4177
Pivot Price: 4265
Resistance prices: 4288 & 4312 & 4334
Support prices: 4219 & 4197 & 4177
The expected trading range for today is between 4219 and 4288
timeframe:4
DXY and Yields are set up to Rise as SPX Tests Range ResistanceThe DXY is sitting at the HOP level of this Bullish Deep Crab for the second time, generating PPO Confirmation Arrows during both tests, while the Yields are sitting at the PCZ of a Bullish Bat with PPO Confirmation, all while the SPX500USD is testing what used to be Former Range Support as New Resistance. If everything lines up here as it seems, we should see DXY and Yields Rise once more as the SPX rejects the old trading range in what I anticipate to be a fairly violent way.
NAS100USD: The key is whether it receives support at 14797.1Hello?
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(UDST chart)
The candle size is still quite large.
Accordingly, we can see that the period of profit realization continues.
However, if USDT does not fall by the gap, I think the funds in the coin market will remain the same.
(USDC chart)
As the gap decreases, you can see that funds have been flowing out through USDC.
I don't think USDC's funds will have much of an impact on the coin market.
The reason is that the USDC market is not active.
Therefore, I believe that the longer USDC's outflow of funds continues, the more likely it will be to see independent movements that are separate from the movements of the stock market.
However, I don't think it's a good idea in terms of funds leaving the coin market.
Therefore, even if the coin market shows an upward trend, the amount of fluctuation is likely to be limited.
(BTC.D chart)
(USDT.D chart)
BTC dominance and USDT dominance are on the rise.
Therefore, caution is required when trading.
In order for the coin market to show an upward trend, BTC dominance and USDT dominance must show a simultaneous decline.
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(DXY chart)
The key is whether it can meet resistance and decline around 106.416.
(SPX500USD chart)
If it does not rise above 4331.1, it is expected to turn into a downward trend, so caution is required.
(NAS100USD chart)
If it falls below 14797.1, there is a possibility that the HA-Low indicator on the 1D chart will rise and be created.
If so, the key is whether it is supported by the HA-Low indicator.
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To summarize,
If DXY rises above 106.416, the investment market is likely to enter a recession.
SPX500USD is expected to turn to the downside if it meets resistance below 4331.1.
If NAS100USD falls below 14797.1, there is a high possibility that it will enter a trend reversal period.
Accordingly, the key is whether DXY can meet resistance around 106.416 and fall.
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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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SPX\S&P500 - H4\D1SPX\S&P500
W1 – the third wave pattern has formed. The previous week closed with the level consolidating and the 1st wave breaking through (4334.4) – global targets 4045 – 3800.
What can you expect?
You can consider an entry from breaking through the level of 4277 to continue the movement down to the levels of 4092. Having canceled the movement, the price will return to the level of 4340.
Targets 4185 - 4150 - 4092
SPX - 02/10/23 - TRADE IDEASSPX- 02/09/23
**Trade setup:** Seems to be holding the $4250 area really well, will look to test again to see if they take it out.
We have completed the head and should pattern I identified on the 18th of SEPT now we are holding nice in this area so I will look for another test of $4250 to look for a structure break on the 15 min to enter a long.
If it doesn't hold I'll then reverse my thoughts and take a short to $4168 area the next higher low from the move upwards.
Now the targets are below:
**Bullish target:** $4325
**Bearish target:** $4168
**Supply and Demand**: The nearest Demand to keep us up is $4250. The next Supply is $4525.
SPY 30th Sep,2023 WEEKLYThis is my weekly analysis for SPY.I have clearly explained what price is willing to do and trust me there is no rush to push trades on yourself. Just wait for the right opportunity.
If you have any doubts feel free to shoot me a text.
NOTE: STAY AWAY IF YOU ARE NOT SURE ABOUT THE MARKET