US SPX 500
spx500SP500
We have one downward channel that we broke and went up and formed a new upward channel.
We are near the resistance line of this channel, we also have a liquidity zone (red box), which we have partially collected, I would expect that we can collect more liquidity up to 4465 and after that I expect a corrective move down to the first target 4100.
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.
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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.
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WISH YOU ALL LUCK
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.
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WISH YOU ALL LUCK
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.
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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.
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.
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WISH YOU ALL LUCK
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!
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
Watch the S&P500 dip to 4170 - 4195S&P500 - After breaking out from the medium term resistance near the 4170 - 4195 level has managed to highs of 4446. If the current retreat is confirmed by a break down below 4362, the retest of the 4170 - 4195 level is likely. This should make for a good retracement ahead of what could be a rally that can very well break past the recent highs of 4446.
SPx500 4H (bearish)SPx
stabilizing above 4389 will support rising to touch 4419 then 4448 then 4475
stabilizing under 4389 will support falling to touch 4346 then 4319
Pivot Price: 4389
Resistance prices: 4419 & 4448 & 4475
Support prices: 4346 & 4319 & 4289
tendency: is bearish
timeframe: 4H and 1H
Ninja Talks EP 19: Let The Trade PassThere's a completely logical but not often used "technique" (if you can call it that) I see only very experienced traders use.
When I do it I can understand why very few people actually stick to it.
Yes it's profitable.
Yes it will make you money both in the short term and the long term.
But you will feel extremely uncomfortable.
The technique I'm talking about is what I call "letting the trade pass."
The basic idea is that Bambi traders jump into trades too early, so as a "letting the trade pass" practitioner your goal is to not jump in early, but instead wait for data to print.
Why do we want more data to print?
Because with each candlestick we gain more and more awareness on the situation.
"Letting the trade pass" simply means just that, you hold off until the "best entry" has passed you by aka you let it pass!
Don't worry you'll have plenty of time to get in on pullbacks and bounces.
Remember price doesn't move in a straight line (only when price reaches terminal velocity does this happen).
Another thing:
As we allow data to print, our certainty level will either increase or decrease depending on if it's proving our thesis correct or incorrect.
Here's the basic steps to follow:
1. Analyze the charts, build a thesis for long or short, if/then/when scenario.
2. Allow data to print (Warning: This can be very uncomfortable) - FOMO will begin to creep in.
3. Let the trade pass - if price confirms your thoughts then allow it to pass by
4. As price is leaving hop on like a train surfer and get a free low risk ride to profit town.
Make sense?
It's all about waiting for data to print and your certainty level to be at an all time high before entering a trade.
This is how you master psychology.
Market Psychology is the forgotten art, invest your time in it and the rewards are exponential.
Hope this helps, follow for more.
Nick
Looking for SPX dips.US500 - 24h expiry
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for sentiment and the uptrend has potential to return.
The hourly chart technicals suggests further downside before the uptrend returns.
Further upside is expected although we prefer to set longs at our bespoke support levels at 4350, resulting in improved risk/reward.
We look to Buy at 4350 (stop at 4325)
Our profit targets will be 4420 and 4440
Resistance: 4435 / 4580 / 4685
Support: 4355 / 4300 / 4195
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.
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(DXY chart)
The question is whether it can drop below 102.034.
This is because if DXY moves sideways below 102.034, the investment market is expected to be active.
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(SPX500USD chart)
The 4419.8 point is the HA-High indicator point on the 1M chart.
Therefore, if it finds support around 4419.8, it is expected to renew the new high (ATH).
However, if resistance is found around 4419.8, a decline near the HA-Low indicator on the 1M chart is likely.
Therefore, if it falls, it is expected that a new HA-Low indicator on the 1M chart will be created.
Looking more closely,
1st: 4255.2-4310.8
2nd : 4116.0-4189.0
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
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(NAS100USD chart)
Like the SPX500USD chart, it is located near 15090.3, the point of the HA-High indicator on the 1M chart.
Therefore, after the volatility period around June 28th, it is necessary to confirm that it can maintain above 15090.3.
If not,
1st: 14328.9-14710.6
2nd : 13231.6-13480.9
Tertiary: 12716.0-12896.2
You need to make sure it is supported around the 1st-3rd order above.
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** 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.
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Ninja Talks EP 17: OJ Simpson-itusFunniest thing always happens in a bear market;
You get influencer guru wannabe gigachads acting like they're OJ Simpsons lawyer trying to argue a case they know is wrong.
If the glove fits, right?
When the ships sinking peeps turn into three people;
(1) They admit they were wrong, reassess and act accordingly (2) They deny their lying eyes and continue to nuke their Trading account (3) They secretly close their positions, but tell the world they're still open, until it eventually proves to be unpopular in which case they are already safe from any disasters.
That last one is particularly offensive, it's like the elite of the world going into underground bunkers secretly before meteors strike the earth.
Cowardly.
But It's hard to hold people accountable, nor do I care to really do so - the only thing I can do (and you too by proxy) is to not be (2) and (3) - makes you less of a superhero when you are wrong, humans are more relatable anyway.
+ Your audience will appreciate you serving them rather than your own selfish self interests.
Just some food for thought.
Admitting when you were wrong, allows a bonding experience greater than any other.
When was the last time I was wrong?
Well...
I picked the exact top on Tesla, Bitcoin and the stock market, but I didn't think Bitcoin would crack 60k, I had it stopping sooner - but I was wrong - luckily I didn't bet on it or tell anyone else to bet on it, but the fact remains...
...own your loss like a champion and people will respect you.
Or just deny reality, like the guy who says "I'm not crying, my eyes are hot!".
It's up to you Ninja.
Decide what type of financial speculator you want to be.
That's all for this ep, give a like and comment for the algo.
Nick