US500 to find support at next Fibonacci retracement?US500 - Intraday - We look to Buy at 4155 (stop at 4135)
Levels close to the 50% pullback level of 4170 found buyers.
A Fibonacci confluence area is located at 4164.
Bespoke support is located at 4150.
There is scope for mild selling at the open but losses should be limited.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 4205 and 4215
Resistance: 4220 / 4230 / 4235
Support: 4168 / 4164 / 4120
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US SPX 500
ESM 2023 LONG + ANALYSISFor ES :
we have OB in weekly TF (4189.50) so we want to see it like a support, and we have relative equal highs in (4247.75) we want to see it a target for the week
In the daily TF we have a balance price range (BPR) from (4186.50-4175.75) , and we've drop to 50% of the daily range (4178.25) .
note: weekly and daily we have a bullish bias
In the H4 market has dropped to BISI (4181.75-4162.75) , and also in H1 has dropped to FVG (4182.00-4173.75).
note: H4, H1, also bullish.
Now my first target is 50% of the range 4208.00 then:
4214.25
4218.50
4232.00
SPX500USD Will Move Higher! Buy!
Here is our detailed technical review for SPX500USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 4229.3.
Considering the today's price action, probabilities will be high to see a movement to 4282.5.
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!
A Breakthrough with Fuzzy Spaces and Random Matrix TheoriesIn the field of financial markets, the accurate prediction of price movements has always been a coveted goal. Traditional methods relied on statistical analysis, technical indicators and mathematical distribution models. However, Blackrock's top-secret follow-on research project Alladin has recently made a breakthrough by harnessing the power of Fuzzy Scalar Field Theories (FSFT) and Relaxed Matrix Models (RMM) in conjunction with artificial intelligence. This groundbreaking approach aims to revolutionize the prediction of price movements by incorporating the principles of Fuzzy Spaces and Random Matrix Theory.
In a groundbreaking development that has been shrouded in secrecy, a clandestine group of financial experts claims to have unlocked the secrets of price action prediction using a cutting-edge approach involving Fuzzy Scalar Field Theories and Relaxed Matrix Models. This breakthrough method has reportedly been experimented with and validated, providing remarkable results in forecasting financial market movements. It has been reported that multi-million dollar profits have actually been made in the financial markets.
Drawing inspiration from the enigmatic realms of theoretical physics, the team behind this revolutionary discovery has leveraged the principles of scalar field theories on fuzzy spaces. By analyzing the increments in financial prices and modeling price variations through these innovative theories, they have attained a previously unimaginable level of accuracy in price action forecasting.
To understand the foundation of this approach, it is important to recall the fundamental concepts of random matrix theory and the construction of fuzzy spaces. These theories serve as the backbone for the formulation of scalar field theories on fuzzy spaces, which are at the core of this groundbreaking methodology. By summarizing the key findings related to scalar fields on fuzzy spaces, the researchers have laid the groundwork for their extraordinary breakthrough.
Furthermore, the team has introduced multi-trace matrix models that play a crucial role in providing an analytical description of scalar field theories on fuzzy spaces. These models have exhibited a remarkable capacity to capture the intricate phase structure of f4 theory on the fuzzy sphere. This means that the approach not only offers theoretical insights but also aligns with empirical observations, further bolstering its credibility.
While the specifics of this secretive research group remain undisclosed, whispers of its involvement with BlackRock's Alladin follow-on research project have begun to circulate. The combination of these powerful financial minds with the knowledge gained from Fuzzy Scalar Field Theories and Relaxed Matrix Models could potentially revolutionize the world of trading as we know it.
Additionally, there are murmurs of a connection to the legendary Medallion Fund, managed by Renaissance Technologies and founded by the enigmatic Jim Simons. The Medallion Fund's consistent success has long been a subject of fascination in the financial world, and it is believed that Simons himself might have delved into similar esoteric methodologies for generating astounding returns.
While the true extent of the breakthrough remains veiled in secrecy, the implications are profound. If the experimental validation of using Fuzzy Scalar Field Theories for price action forecasting holds true, it could redefine the field of trading and investment strategies. The ability to forecast market movements with greater accuracy and precision would grant traders and investors a significant advantage in capitalizing on financial opportunities.
As the mystique surrounding this revolutionary discovery continues to capture the imagination of financial professionals, the implications for the future of trading and investment strategies remain uncertain. The true potential of Fuzzy Scalar Field Theories and Relaxed Matrix Models may be unfolding behind closed doors, where the highest level of secrecy guards these groundbreaking findings.
SPX clear breakout targets 4400-4500Hello, everyone.
My previous idea a week ago had a bearish outlook on SPX.
However things have changed, as we now have a clearly defined outbreak in the RSI.
The target range now is 4400-4500.
Depending on how the market opens on Tuesday. I may open long position.
Good luck everyone.
Stay safe, stay liquid.
The meaning of DXY raised to the boundary section is...Hello?
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(DXY chart)
The investment market is showing a correction as DXY rises above 103.494.
The 102.034-103.494 and 104.738-105.873 sections marked on the 1D chart are boundary sections, and it is expected that the investment market will also move in the direction of departure from this section.
When DXY rises, it means that the investment market is likely to gradually enter a downturn.
The term investment market here refers to a market other than a business that generates profits through actual production. (Stocks, cryptocurrency, real estate, etc.)
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(SPX500USD chart)
The key is whether it can continue its upward trend along the upward trend line drawn on the 1M chart.
Therefore, it is necessary to check whether it can rise above 4310.8.
If not, you should check if it is supported or resisted around the 4104.9-4137.1 mark on the 1D chart.
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(NAS100USD chart)
The rise above the HA-Low indicator on the 1M chart suggests that we are entering a long-term buying season.
The first sell zone for this flow is around 14710.6.
Since it broke above the 12896.2-13418.8, the volume profile of the 1W chart, an uptrend is expected around 14117.5.
If it fails to move up, you should check for support around the 13231.6-13480.9 area marked on the 1D chart.
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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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Spx 🌊Salutations,
At this present moment, I find it challenging to elucidate the precise reasoning as to why the S&P 500 was poised to recede back to the melancholy depths of the pandemic lows.
Nevertheless, I can confidently postulate the resurgence of a risk-on environment in the aftermath.
ideally as we approach the yuletide chill of Christmas Eve at the conclusion of this present year,
I cast my net at $2,100 as the absolute nadir of this grizzly mark-down-phase.
---
Upon a successful breach of this strategic area,
I am further prophesizing a subsequent phoenix-like rise,
elevating us to a commanding $7,777 threshold as we stride valiantly into the year 2030 through a vortex of an ending diagonal.
---
2024 - $2,111
2030 - $7,777
2035 - $12,222
☿
ES1! - SPX - Could be Bullish Flip!CME_MINI:ES1!
CME_MINI:ES1! has broken resistance as Wall Street continues to monitor the situation surrounding the debt ceiling with hopes of a deal being reached.
This breakout needs to hold via a retest or Bullish pullback for Stocks upside.
If it's a fake out, look for potential shorts via LTF e.g. 4h
CRYPTOCAP:BTC is like a tech stock and when it's coupled to the ES1! it moves with.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
S&p500 Golden Swing Opportunity We are in a very crucial zone in terms of time and price on Sp500 right now and people who make the right decisions will make money.
But to make the right decisions you must look at the data and filter out all the noise and be patient.
I have presented my case for incoming selloff a few times before and now it's all coming together. I have provided the links to my previous posts below, please go over them to get the full picture.
I am building shorts in 4185 to 4230 Area and there are several reasons for that.
Technical Reasons:
1. On the chart I have a large parallel channel. Currently the price is hovering
near the top edge of the channel. This itself is a reason to look for shorts here.
2. Chart also has an indicator which shows 9 count sell signals as per TD sequential
method. Notice what happened last time when the price was near the top of the channel.
We got two consecutive nine count sell signals and as soon as price hit the top of the
channel multi month sell off began. We have something remarkably similar going on right
now.
3. Last time when we were near the top of the channel, we had bear divs on RSI and Money
flow, we have them now as well.
4. We have harmonics ratios providing heavy resistance from 4214 region and upwards.
5. Another thing to notice is 4300 is 61.8 retracement level of the move from the top, That's
another reason to build shorts here, one should not wait for 4300 to be hit to build short, as
its absolute top and may not get hit due to other factors I mentioned above.
If we begin the selloff in the coming weeks, we are looking at a possible 30% drop from current levels, in the next 3 to 4 months. I have provided these targets and measures based on past price action from top of the channel to the bottom, this of course is not going to be 100% accurate can change based on future market moving events.
We also have below confluences for targets motioned in the chart above: June 14th We have Fed event, and SPX has been moving in the highlighted disjoint channel for a while so if we intersect 14th June with the channel we get the max upside and downside targets.
Fundamental reasons:
1. The Fed's actions to raise interest rates are likely to slow the economy, which will lead to a recession. The Fed has said repeatedly they will continue to raise rates to bring down inflation to the target goal of 2% which is not yet achieved so no rate pauses as institutions and new media like people to believe.
2. Debt Ceiling battle: With no resolution in sight, the uncertainties surrounding this event could be the trigger to start the selloff although I am not discounting the possibility of a manipulative rally to 4300 which is a fantastic opportunity to build shorts.
2.1 If there is no resolution on this topic and US defaults everyone knows what will happen
, so, until that is resolved all the contrarian traders should be extremely cautious.
If you like my content, then please boost, and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it.
Keep learning and Happy trading All.
The S&P 500 Death BedIn this analysis, we explore the potential consequences of a US debt ceiling default on the S&P 500, one of the most widely followed stock market indices. We believe that if the debt ceiling issue remains unresolved, we could witness a significant downside in the S&P 500, comparable to the crisis experienced in the US economy in 2008. Our analysis suggests a selling zone between 4,154.77 and 4,290.49, with an initial target of 3,090.41 and a final target of 2,034.79.
1. The US Debt Ceiling Crisis:
The US debt ceiling refers to the limit on the amount of debt the US government can incur. Failure to raise the debt ceiling can lead to a default, causing significant disruptions in financial markets and a potential decline in investor confidence.
2. Historical Parallels:
Drawing parallels to the 2008 financial crisis, which triggered a major downturn in the US economy, we anticipate a similar scenario if the debt ceiling issue remains unresolved. Such a crisis could have a substantial impact on the S&P 500, potentially leading to a significant downside movement.
3. Selling Zone and Potential Targets:
Our analysis identifies a selling zone between 4,154.77 and 4,290.49. This range represents a critical area of resistance and selling pressure for the S&P 500. Traders should pay close attention to price action within this zone as it could provide valuable insights into market sentiment.
Regarding potential targets, we project an initial target of 3,090.41. This level represents a significant decline from current market levels and aligns with historical support levels. Our final target is set at 2,034.79, signifying a more substantial downturn in the event of an extended debt ceiling crisis.
4. Impact of Debt Ceiling Default:
A debt ceiling default scenario could result in a loss of investor confidence, increased market volatility, and a potential flight to safe-haven assets. These factors, coupled with concerns about the US economy, could significantly impact the S&P 500 and contribute to a potential deathbed scenario.
While it is important to note that this analysis is based on the assumption of a debt ceiling default, traders and investors should remain vigilant about the potential risks associated with such a scenario. The S&P 500 death bed analysis suggests a selling zone between 4,154.77 and 4,290.49, with initial and final targets at 3,090.41 and 2,034.79, respectively. Traders are advised to exercise caution, implement appropriate risk management strategies, and closely monitor market developments to navigate potential challenges and capitalize on opportunities.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves risks, and traders should conduct their research and analysis before making any investment decisions.
S&P 500 Futures Record Modest Gains, Reaching Highest Since Aug.S&P 500 Futures are displaying slight upward movements, reaching their highest levels since August. Market participants are closely monitoring two key factors: the upcoming speech by Federal Reserve Chairman Jerome Powell and the ongoing negotiations surrounding the US debt ceiling. Traders are particularly focused on these developments as US President Joe Biden is reported to have a decision deadline to avert a default by Sunday.
Amidst this backdrop, our analysis indicates the potential for a bullish impulse in the short-term timeframe.
SPX500USD A Fall Expected! SELL!
My dear friends ,
Please, find my technical outlook for SPX500USD below:
The price is coiling around a solid key level - 4166.7
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 4131.0
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
It is breaking out of a medium- to long-term downtrend channelHello?
Traders, welcome.
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Please also click "Boost".
Have a good day.
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(DXY chart)
It is breaking out of the down channel on the 1W and 1D charts and showing an uptrend.
However, looking at the 1M chart, it seems that it will enter the rising channel only when it rises above 103.494.
Therefore, it is necessary to check whether it rises above 103.494.
If it finds resistance near 102.888-103.494 and declines, I would expect a decline below 100.
If not, a move above 103.494 is expected to create a new upside wave.
In order for the investment market to be active, I think it should show sideways below 101.494.
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(SPX500USD chart)
It is necessary to check whether it moves out of the 4104.9-4137.1 section and moves to the vicinity of 4045.2 or 4169.6.
The StochRSI indicator on the 1M, 1W and 1D charts turned into a bearish sign, indicating downward pressure.
Therefore, it is necessary to check whether it is supported or resisted at the support and resistance points indicated on the respective time frame charts (1M, 1W, 1D charts).
In particular, since the 4116.0 point is a volume profile section drawn on the 1W chart, it is important whether it is supported in this area.
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(NAS100USD chart)
The key is whether it can rise above the 12896.2-13418.8 section, which is the volume profile section of the 1W chart.
To do so, it is necessary to check whether it can be supported in the 13231.6-13480.9 section, which is the resistance section of the 1D chart.
As it fell during this volatility period, May 14th-16th, the HA-High indicator on the 1D chart is rising and is about to be created.
Therefore, it becomes important whether it can be supported around 13231.6.
The StochRSI indicator on the 1M chart is still in an uptrend.
So, we can see that the uptrend is still strong.
However, since the 13480.9 point is the HA-Low indicator point of the 1M chart, it is expected that it will be possible to buy from a long-term perspective only when it rises above this point.
If it doesn't and it declines, it's likely to renew the recent lows, so you should think about how to respond.
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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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Flattening retail sales, declining inventories and real outputYesterday’s financial print in the United States indicated a 0.4% MoM and a 1.6% YoY rise in retail sales for April 2023. The data showed that industrial production increased by 0.5% MoM and 0.2% YoY during the same period. Business inventories shrank by 0.1% MoM, and manufacturing production jumped by 1% MoM (while showing a decline of 0.9% YoY). As this mix of data did not help to bring much clarity to the market, we would like to look at the bigger picture rather than at monthly changes in these metrics.
Retail sales have been trending relatively sideways since March 2022. Moreover, since around the same time, business inventories have continuously declined, suggesting that businesses are not stacking up goods for sale (and are likely anticipating lower demand in the future). The real output in the manufacturing sector dropped slightly lower in the past half year, and the real output in the nonfarm business sector has been declining for much longer (at least since 4Q21). Furthermore, based on the preliminary report from BLS, nonfarm business sector labor productivity decreased by 2.7% in the first quarter of 2023, while manufacturing sector labor productivity dropped by 1.3%.
These developments are not particularly bullish and should have investors on high alert. With that said, we continue to wait for more bad data (concerning rising unemployment, declining consumer spending, growing delinquencies on debt, etc.), which should finally start spooking the overly complacent market.
Illustration 1.01
Illustration 1.01 shows the chart of U.S. retail sales. This metric can be seen flattening since at least March 2022.
Illustration 1.02
Illustration 1.02 displays the business inventories.
Illustration 1.03
The picture above shows the real output in the nonfarm business sector.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Neutral
*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.
Concentration of funds into the investment market is expectedHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(NAS100USD chart)
It is showing a rise above the 12896.2-13418.8 section, which is the volume profile section of the 1W chart.
Therefore, if it rises above 13418.8 or rises above the 13231.6-13480.9 section on the 1D chart and shows support, it is expected to show a sharp rise.
If not, you need to make sure it is supported around 12716.0-12896.2.
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(SPX500USD chart)
You need to follow the rising channel to see if you can maintain the bullish trend.
Looking at the 1M chart, it shows an upward movement along the lower uptrend line.
As such, it is expected to remain in an uptrend as long as it does not fall below this uptrend line.
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(DXY chart)
If it shows sideways in the 98.244-101.494 section, the investment market is expected to be active.
Therefore, it is necessary to follow the downtrend and see if the downtrend can be maintained until around June 6th.
The investment market is not just the stock market.
Therefore, as funds are concentrated in any investment product, there is a possibility that it will lead to a sharp rise.
I think this concentration of funds is an abnormal phenomenon.
However, many funds are stagnant in an environment where it is difficult to invest in the actual economy, so if a concentration of funds occurs in these investment markets, it is expected that actual economic investment will eventually be gradually activated.
In that sense, we should pay attention to USDT's fund concentration phenomenon.
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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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