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US SPX 500

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
SPX500USD Buyers In Panic! SELL! My dear subscribers , This is my opinion on the SPX500USD next move: The instrument tests an important psychological level 4375.2 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 4326.6 Safe Stop Loss - 4402.5 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
OANDA:SPX500USDShort
by AnabelSignals
7
SPX500USD Will Go Down From Resistance! Short! Here is our detailed technical review for SPX500USD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 4383.1. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 4309.1 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDShort
by SignalProvider
5
SP500 Bearish ScenarioThe #SP500 diverged 61% from the trend it had referenced since 1940. When we look at such divergences in history, we see that the index has returned to the reference trend. The beginning of this reversal is usually confirmed by a close below the SMA9 on the 3-month timeframe. This level is currently displayed as $4174. In a possible bear scenario, EMA60 or $2651 will guide us for the priority return level. Finally, EMA120, which is already at the same level as the reference trend level, will act as the last support. In addition, looking at the SP500 index in the daily time frame, the McClellan Oscillator, which has been working very successfully since 1900s, turned negative last week. However, another factor that can contribute to my analysis is that the monetary and fiscal policies made by HSBC today are not compatible with the bond and stock markets, and that the current recession will go further.
SP:SPX
by YavuzAkbay
SPX500USD: Will Collapse! SELL! My dear subscribers , Please, find my technical outlook for SPX500USD below: The price is coiling around a solid key level - 4337.3 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Target - 4299.4 Safe Stop Loss - 4260.9 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
OANDA:SPX500USDShort
by AnabelSignals
13
SPX500USD Will Move Lower! Sell! Please, check our technical outlook for SPX500USD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 4355.9. Taking into consideration the structure & trend analysis, I believe that the market will reach 4278.1 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDShort
by SignalProvider
11
Global DOW, SPY, NAS Support CorrelationThe 24 hour US stock indices have a solid correlation and showing you where buy support is. The top chart is the US30USD. The middle is the SPX500USD. The bottom is the NAS100USD. Since these charts trade 24 hours a day 5 days a week there never is a gap to deal with messing your oscillators. There is a term I like to use called "No Man's Land". It includes all areas of a Moving Average Oscillator that don't connect to some form of support trend line or resistance trend line. Don't trade in those areas. Look for support and resistance and set alerts so you can trade at those key points. We are hunters not killers. Hunters still fail, but hunting at key points allows you to set tight stop loss and move on to the next hunt. If you get stuck in "No Man's Land" then you have to decide to wait and hope support or resistance gets tested and works in your favor. That is not fun to feel and makes you emotional. Things can always reverse due to unexpected fundamentals. If that happens, be patient and start hunting the possible next support trend line or resistance trend line. And slowing down your lookbacks is vital to learning the bigger picture of things. Just because the preset value for RSI is 14 lookback. Doesn't mean you can't use other numbers. Fib numbers open up doors you've never seen. Good luck hunting
OANDA:NAS100USD
by Craig_Claussen