SPX500 WEEKLY ANALYSISEIGHTCAP:SPX500
As we can see a new uptrend is forming on the EIGHTCAP:SPX500
We can see that price has broken structure forming it higher high and has come back to retest that same area and also showing signs of rejections at that area so we could be looking for possible sells around that area, but if price pushes below and closes below that area we could be looking at a continuation of that former down trend
US SPX 500
Still on a downward trend in the big pictureHello?
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(NAS100USD chart)
After going through a period of volatility, it eventually showed a decline.
The 11988.2 point is the HA-High indicator point on the 1W chart, so if the price rises above this point and maintains the price, it is expected to continue its mid- to long-term upward trend.
If not, you need to make sure you get support around section 3, 11366.9-11578.2.
However, if the HA-Low indicator on the 1D chart moves and is created, it is important whether it is supported near that point.
The big trend is in the downtrend, as seen on the 1M chart.
To break out of this downtrend, the price needs to stay above the HA-Low indicator on the 1M chart.
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(SPX500USD chart)
To turn into a short-term uptrend, the price must rise above the HA-Low indicator on the 1D chart.
So, either it rises above 3987.7 or it has to be shaken and the HA-Low indicator goes down.
If it fails, you should check for support around 3774.9, the point of the HA-Low indicator on the 1W chart.
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(DXY chart)
Bollinger bands are starting to converge.
Therefore, whether there is a movement out of the 102.020-105.873 section has become an important issue.
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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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stalking a position near $16, AD showing bullish cypher on weeklthe AD is showing a bullish cypher set up on the weekly chart of spxs, however we're not at the apex of the triangle yet (bottom chart) we're close... this week we have Fed chairman speaking and few other key speakers... could be the right opportunity im waiting for . I also dont mine DCA into a position since this has been beaten down pretty badly already...
Looking for SPX stem dips.US500 - Intraday - We look to Buy at 3858 (stop at 3818)
Levels close to the 61.8% pullback level of 3972 found sellers.
An overnight negative theme in Equities has led to a lower open this morning.
Intraday, and we are between bespoke support and resistance 3858-3983.
Immediate signals are hard to interpret.
Preferred trade is to buy on dips.
Our profit targets will be 3983 and 4000
Resistance: 3983 / 4077 / 4086
Support: 3848 / 3818 / 3800
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.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Remain bullish corrective on SPX500 for next 2 months! This price action just isn't looking like a wave 3, so I am updating my previous bullish count from 1 January 2023.
We remain very indecisive and seems like market markers are in control pushing prices against retail.
For now, am looking to play this corrective push-up to anywhere between 4300-4500.. possibly for a 2 month melt up into May, top out as everyone becomes bullish above 4300, everyone goes long but then we find a massive supply zone at 4500, which starts the C-wave dump from June... we need to test that previous 3500 low demand so we probably break just below it to trigger stops like all previous bear markets and then we off for the next bull run.
SPX500USD: Will Keep Falling! The Next Goal is:3791.1
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SPX500USD pair price action which suggests a high likelihood of a coming move down.
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🟨 $ATAT – what i am looking forI really like the way ATAT is acting.
Here is my note from this moring:
$ATAT appeared to be one of the more promising opportunities at the beginning of the week. Although it experienced some decline on both March 8th and 9th, it managed to maintain a position above the critical lower limit of its base, represented by the red line on the chart. Compared to the overall market's downward trend on Friday, ATAT performed comparatively well. Therefore, it's recommended to monitor this stock to see if it can recover and regain momentum towards the pivot.
SPX has many options to choose fromJack is back! Jack has been trading the S&P 500 for years and knows that there are always many options to choose from when it came to making a trade. He watches the market closely, paying attention to the resistance and support levels that he knew could make or break his decisions.
One day, Jack noticed that there was significant resistance near the 4050-4080 range , which is near the 61.8% golden zone rejection area. He knew that if the market couldn't break through that range, it would continue to look bearish. However, Jack also knew that if they could break through that range, there was a high degree of possibility that the market would climb to 4300 in the next few weeks.
Jack also knows that there is significant support at 3800 , and he knows that if the market dropped to that level, it would be a good opportunity to buy more stocks at a lower price to hold for a few weeks.
Jack is keeping an open mind when it comes to the wedge formation, but he knows that it is only a projection and not the primary count. He understands that projections are based on assumptions and could be unreliable, and that it is too early to make any predictions on a wedge trade. Instead, Jack is monitoring the market closely, keeping an eye on any changes in the resistance and support levels. He knows that it is important to stay informed and make informed decisions based on the current state of the market, rather than relying on projections or assumptions. While the wedge formation is an interesting development, Jack is careful not to let it cloud his judgment or influence his trading decisions until more concrete evidence is available.
SPX - bottom in 2024 (NEW)hi traders!
In September this year we have published a trading idea where we identified the Rising Broadening Wedge on SPX chart, which is a bearish pattern and we predicted more downside to come:
In November we looked at the chart from a different angle and we published the idea where SPX continues the downtrend as it's getting rejected from the downsloping resistance line:
Both publications are still valid and we expect those targets to be reached.
Today, in this trading idea, we would like to show you something very interesting on a monthly time frame.
What you can see on the chart is that:
-Major trendline was acting as a support from the beginning of 2009. It's a very important support as we've never seen a monthly close below this trendline. In 2020 (COVID crash), the price faked out but eventually it closed above the trendline.
-Last retest occured in March/April 2020
-We expect that the next retest of this key trendline will be in 2024 as probably the recession will get worse in 2023 .
On the other hand, we don't expect such a huge drop like in 2008 /2009 when SPX dropped 57 %.
False breakout below the trendline may occur like in 2020 but we believe that a monthly close will be above this major trendline.
2023 and 2024 will be a great time to accumulate stocks (and crypto) at huge discounts. The opportunity will present itself but it's not there yet. Patience is the key.
Do you agree? Will the trendline hold this time?
Or maybe you think that SPX won't retest it in 2023/24 and SPX has already bottomed out?
Share your opinion in the comment section!
ES1! SPX500USD 2023 MAR 16
ES1! SPX500USD 2023 MAR 16
Scenario1 4094 short again! Hope you had taken the trade.
No trend changing principles observed, short
preferred.
Scenario Planning:
1) Short if 4094 / 3928 is rejected
2) Long on support and accept of 3788 // 3928
Volume Analysis:
Weekly: Ave (higher vol down bar) close toward low
= Supply remains
Daily: Ave vol down bar close off low = some demand noted
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928
3788 3502-3580
Remember to like and follow if you find this useful.
Have a profitable trading week.
S&P 500: Bullish Butterfly and Bullish Bat Type 2 ConfluenceAfter a decent bullish type 1 reaction the SPX has come back down to the zone and looks to be showing moderate exaustion. If we can get that MACD to cross and the RSI to curl out of the oversold region we could very well see the SPX stage a rally before the end of this week or at the start of next week. That should take it to the true target of atleast $4120 or higher.
Whether it can continue its mid- to long-term uptrend is keyHello?
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(NAS100USD chart)
It received support and rose near 11988.2, the point of the HA-High indicator on the 1W chart.
(1D chart)
The key is whether it can rise with support above the uptrend line (1) and near section 2, 12119.2-12255.2.
The next period of volatility is around March 9th, so you need to check where you are located after this.
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(SPX500USD chart)
The key is whether it can rise with support around 4037.6, the point of the HA-High indicator on the 1W chart.
If not, you should check for support around 3984.7-4000.
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(DXY chart)
We believe that at least a drop below 102.020 and below 101.494 should be maintained to revitalize the investment market.
Otherwise, if it rises above 105.873, the investment market is likely to enter a recession.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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Microsoft I Pullback and rise upwardWelcome back! Let me know your thoughts in the comments!
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SPY I Pullback and more growth to comeWelcome back! Let me know your thoughts in the comments!
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Weekly prediction for ES_F After a wild week when we bounced cleanly off the 200DMA, backtest of the trendline andf it just went up with 0DTE flows going crazy. I'm thinking we trend up and then go for a liquidity grab lower. How low no one knows but I have my areas for y'all to reference if needed.
Need to confirm support around 11988.2Hello?
Traders, welcome.
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(NAS100USD chart)
We need to see if we can find support at 11988.2 and rise above 12119.2 in the volatility period until March 2nd.
If it fails to find support near 11988.2, I would expect it to fall towards section 3, 11366.9-11578.2.
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(DXY chart)
If it rises above the 104.738-105.873 range, the investment market is likely to enter a recession.
Therefore, it should drop to or below the 102.020-103.494 range.
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(SPX500USD chart)
The key is whether it can get support around 3931.2 and move up along the uptrend line.
If not, I expect it to fall around 3854.4.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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SPX to find resistance at previous levels?US500 - Intraday - We look to Sell at 4014 (stop at 4034)
Posted a Bullish Hammer Bottom on the Daily chart.
Buying posted in Asia.
Bespoke resistance is located at 4014.
The previous swing high is located at 4018.
A bullish reverse Head and Shoulders is forming.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 3942 and 3940
Resistance: 1014 / 4018 / 4030
Support: 3966 / 3942 / 3925
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.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.