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US SPX 500

SPX Index (US SP500). Important dates.Time frame 1 day. Logarithm. Secondary trend. Expanding triangle. Reversal zone. Key levels are shown. Dates marked the key time zones of potential events that can greatly affect the markets and the index of the American economy in the first place. The end of October and the beginning of November will most likely be unnecessarily wavy in the markets. If so, don't miss your chance to “accidentally get rich”. This is how it looks on a line chart.
VANTAGE:SP500
by SpartaBTC
38
MACRO MONDAY 5 - Major Market Index XMINYSE Arca Major Market Index - TVC:XMI The XMI Index is a chart that gets overlooked by many but it is still monitored by OG legacy traders. I recently came across the XMI being utilized by Sentiment Trader in one of their reports, considering that Sentiment Trader provide some of the best metrics in the business, their coverage of the XMI peaked my interest. The XMI is a price weighted index consisting of 20 blue chip U.S Industrial Stocks, 17 of which are also in the Dow Jones Industrial Average. Within the index there is surprising blend of stocks that include transport, travel, food, pharma, energy and technology. A breakdown of its components can be found at this Trading View link (Will be added to comments below). The Chart The long term pattern on the chart is very obviously a rising wedge pattern which presents diagonal resistance above and below. We are currently 7% away from the top diagonal resistance line so this will be an important level in coming weeks and doesn’t leave a lot of room overhead. God forbid if we ever breach the base line of the large wedge. In the past a 200 week SMA re-test and flattening has predated recessionary/capitulation price action. If we come close to the 200 week SMA again we should be preparing ourselves for that potential outcome. The XMI made lower highs from Jan 1999 - Sept 2000 providing an advanced 9 month warning of the follow up recession/capitulation price action that initiated from Sept 2000 onwards on the S&P 500. The XMI made lower highs as the EIGHTCAP:SPX500 made higher highs over the 9 month period. The XMI did not provide a similar advance warning for the 2008 Great Recession however, it did make a lower high, which is something we else we can look out for as a weaker warning signal. This is not a concern at present as the XMI has just broke up into new highs. Its interesting to see how the XMI gave a significant 9 month advance warning of the 2000 Recession but was not as clear cut at providing an advance warning of the 2008 Great Recession. Conversely, the SPDR Homebuilders ETF ( AMEX:XHB ) which we covered in Macro Monday 3 provided an advance warning of the 2008 Great Recession, however was not as clear cut at providing an advance warning of the 2000 Recession. This is because the 2008 Great Recession was mainly a result of high risk mortgage lending which lead to a housing market collapse, whilst the 2000 recession was a tech led crash and general economic slowdown invoked by the Federal reserve who had been increasing rates to quell an overvalued bubbling tech stock market. We will need to pay separate attention to these individual index charts as we move forward for clues and warnings as we do not know what market or chart will provide us with that ultimate advance warning. In March 2020 it was the Dow Transportation Index DJ:DJT (Macro Monday 1), in 2007 it was the Homebuilders XHB (Macro Monday 3) and in 2000 it was the Major Market Index XMI (See Chart). MACRO MONDAY 1 - DJT MACRO MONDAY 3 - XHB It is worth noting that the current yield curve inversion on the 2/10 year Treasury Spread provided advance warning of recession/capitulation prior to all of the above events 2000, 2007 & 2020 however it provided us a wide 6 - 22 month window of time from the time the yield curve made its first definitive turn back up to the 0% level (See Macro Monday 2). We are 5 months into that 6 – 22 month window and thus closing in on dangerous territory, however the DJT, XHB and XMI charts remain very positive suggesting a longer time horizon is likely on the cards. I hope with the addition of DJT, XHB and XMI we are providing you with additional warning/timing indicators allowing us to hone in on a more specific timeframe, making us better informed and more nimble market participants. MACRO MONDAY 2 - 2/10 year Treasury Spread As we continue with Macro Mondays we will continue to cover these and similar leading charts and indicators. At present the yield curve inversion suggests recession is only a matter of time however the DJT, XHB and XMI charts do not have clear warning signals presenting, but when and if they do, we will be able to recognize these signals and position accordingly. Into the 6 – 22 month danger window we go. No guarantees, just probable outcomes. Stay nimble folks PUKA
TVC:XMI
by PukaCharts
Bing Short on SPX in progressIn my previous post on SPX ( link attached below the description ), I explained how we are going to see a rejection on this uptrend soon and we beginning to see that now. In this post I will explain how I am playing this short setup. In the previous post I had a pitchfork. I simplified it with three parallel channels, one larger and two inside it in its upper and lower half so we now have four rising trendlines which will be our point of interest when Price Gets there. In the image below I have highlighted the properties of these trend lines based on past price action within the channel, which you can observe yourself. I have indicated three take profit levels on the main chart. I don't think TP1 would be necessary as I don't expect the trendline to hold based on its past behavior. TP2 and TP3 are my main targets, which is where I will look for signs of a nice bounce back up. If you observe the channel, we have never really resumed a trend back up without creating a double bottom on the one of the lower two trendline in the chart as highlighted in the image below, if that happens, we resume the uptrend to new highs. That's when you take a swing long position on SPX. On the other side if TP3 doesn't hold we are looking at a potential change of trend a macro scale, but I won't give up on the upside just after the break as we could possibly see deviation and bounce back in the channel after testing the support area as highlighted in the main chart. What happens if we lose 4300 level, we go way down, I will leave that detailed analysis for another post.
OANDA:SPX500USDShort
by zakoraio
Bing short on SPX.SPX along with other markets have been in a massive uptrend from past several weeks. But we are about to see a potential change in trend. On the chart you can see I have a pitchfork from the bottom, which has helped me a lot during this entire up trend, its levels have been respected very well. But now we are about to hit the top of the pitchfork very soon, this calls for either a good rejection or a change of trend. Along with the pitchfork we have a weekly harmonic pattern and SPX is hitting its prz. I have indicated the entry and Stop loss. What I am watching is a weekly close either below the white line which will make a bearish engulfing week for SPX or even better a weekly close below the yellow line which result in change of trend. Along with the pitchfork and the harmonic we also been in a trend of a green week followed by a red week from past 5 weeks, and I am expecting next week to be a red week.
OANDA:SPX500USDShort
by zakoraio
2
Earnings season beginsMany of you know that we have been skeptical about the rally in the stock market over the past year. In fact, we called it a bear market rally and touted a decline toward $3,400 once it ran out of steam. Our thesis for this thinking was that unemployment would start picking up, corporate earnings would decline, and interest rates would lead to cracks in the economy. While we began to see cracks in the banking sector at the end of 1Q23, we did not see much follow-through with the rising unemployment and falling corporate profits. After the FED pumped liquidity into the market as a response to the regional bank crisis, we noted that these developments would likely get postponed further into the future. Now, with another earnings season looming over us, we can finally get more insight into what is going on in the underlying economy. If there is an improvement in earnings and future outlook, it will increase the odds of a shallow recession, likely proving our thesis about a heavy correction toward $3,400 wrong (especially if the market continues higher from the current level). As a result, we will pay close attention to the banking sector, which is reporting its earnings first. Among some of the important subjects of our interest will be credit issuance, delinquencies on debt, and deposits. Regarding most recent developments, SPX broke above the resistance near $4,456 yesterday, which is bullish. If SPX breaks above $4,500, it will further bolster the bullish case in the short-term. The same applies to the rising RSI if it breaks above 70 points. In such a scenario, we would expect SPX to rise somewhere between $4,550 and $4,600. Illustration 1.01 Illustration 1.01 displays the daily chart of SPX and simple support/resistance levels. Technical analysis gauge Daily time frame = Bullish (with RSI and MACD showing divergence with the price) Weekly time frame = Bullish *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:SPX
by Tradersweekly
12
The possibility of creating a new trend is increasing(long-term)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DXY chart) The question is whether DXY can move sideways below 102.034. This is because if DXY falls below 102.034 and moves sideways, the investment market is expected to pick up. Therefore, it is necessary to check whether it is sideways in the 97.401-102.034 section. --------------------------------------- (SPX500USD chart) The next period of volatility is around July 24th. Therefore, it is necessary to see which direction the 4419.8-4447.7 section will be heading through this period of volatility. If it rises above 4447.7, it is expected to rise around 4588.6-4654.0. A decline below 4419.8 would expect a decline around 4310.8-4351.1. (1M chart) It rose above the HA-High indicator on the 1M chart as it rose along the upward trend line at the bottom. A rise from support on the HA-High indicator increases the likelihood of a break from the previous high. So, the question is whether it can rise above 4588.6. If you do not receive support at the HA-High indicator, there is a high possibility that it will fall to the vicinity of the HA-Low indicator, so you need to think about countermeasures. Currently, the HA-Low indicator on the 1M chart is located at 909.3. Therefore, as the SPX500 Index falls, the HA-Low indicator on the 1M chart is expected to rise and be created. When the HA-Low indicator is touched, it is expected to create a new trend. (1W chart) It rose above the HA-High indicator on the 1W chart, showing a rise above the first previous peak. We need to see if we can break the 2 previous highs in the future. So, the question is whether it can rise above 4447.7. If it doesn't and falls below 4351.1, you should check for support near 4116.0-4169.6. Since a sharp rise channel has been formed, I think the important point to watch is whether it can rise along this channel or break out. In that sense, the 4351.1-4447.7 section is an important support and resistance section. -------------------------------------------------- ------ (NAS100USD chart) (1M chart) Unlike the SPX500USD chart, the NAS100USD chart is formed with the HA-Low indicator of the 1M chart rising. Therefore, it is important to be supported and able to rise near the HA-High indicator on the 1M chart. If not and it is resisted by the HA-High indicator, it is expected to create a new wave. Therefore, the point to watch is whether it is rising or falling based on the 14710.6 point. This is because the current HA-Low and HA-High indicators are for the beginning of a downward wave. (1W chart) As it rose above the HA-High indicator on the 1W chart, it is showing a sideways trend near the second previous peak. Therefore, the key is whether it can show a rise above 15448.6. Since the StochRSI indicator is trending lower, the possibility of entering the oversold zone is increasing. If it enters and exits the oversold zone and shows support around 14328.9-14743.2, it is expected to rise above 15448.6. (1D chart) It is showing a steady upward trend while raising the HA-High indicator on the 1D chart. It is currently moving sideways around the 15090.3 point of the HA-High indicator on the 1M chart. The next period of volatility passes around July 26th and we need to see if it can rise above 15448.8 or if it falls around 14710.6. -------------------------------------------------- as a result, 1. It is important that the DXY chart stays below 102.034. The DXY Dollar Index chart shows the correlation between the US dollar and six other currencies (EUR, JPY, GBP, CAD, SEK, CHF), so if it moves sideways in the appropriate range (97.401-102.034), the international investment market will Because it's expected to be lively. 2. If you look at the SPX500USD and NAS100USD charts, they are located in an important section (HA-High on the 1M chart). I think the possibility of renewing a new declared price (ATH) is increasing. However, if there is no support in this critical area, the possibility of a new downtrend is also increasing, so careful and quick judgment is needed in trading. Therefore, it is important to check whether there is support or resistance at the point or section mentioned in the chart description of SPX500USD and NAS100USD. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
TVC:DXY
by readCrypto
This is the week where new changes in the 1W chart beginHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DXY chart) The 102.034-105.873 section is a boundary section, and a trend is expected to form only when it breaks away from this section. ----------------------------------------- (SPX500USD chart) After passing through the volatility period around June 26th, it continues to rise. It is necessary to confirm what changes will appear as the volatility period around July 11th passes. Point 4419.8 is the point of the HA-High indicator on the 1M chart, so if support is confirmed near this point, it is expected to rise to around 4588.6. If it finds resistance below 4419.8, it should check for support near 4255.2-4310.8. ----------------------------------------------- (NAS100USD chart) With support near 15090.3, I expect it to rise around 15978.3. Accordingly, the 14710.6-15090.3 section is an important support and resistance section. Yesterday, I talked about how to interpret the CCI index. In that sense, the 1W chart shows that the CCI indicator has entered the overbought zone. Accordingly, it can be interpreted that whether it is supported or resisted around 15090.3 has an important meaning. The next period of volatility is around July 26th. The StochRSI indicator on all charts has entered the overbought zone, indicating strong uptrend. In this sense, it can be seen that the section 14710.6-15090.3 is an important section. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
OANDA:NAS100USD
by readCrypto
3
SPX500USD Will Go Higher From Support! Long! Please, check our technical outlook for SPX500USD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 4447.5. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 4497.6 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDLong
by SignalProvider
7
SPX500USD Technical Analysis! BUY! My dear followers , My technical analysis for SPX500USD is below: The price is coiling around a solid key level - 4454.2 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 4499.0 Recommended Stop Loss - 4428.8 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
OANDA:SPX500USDLong
by AnabelSignals
13