US SPX 500
SPX500USD H1Price has made an inverse head on shoulders pattern & closed above the neckline to finish off last week. This upcoming week, I am looking for price to retest the broken neckline resistance, as new support for price to resume higher into resistance & complete the pattern. Price is in a strong uptrend as well, which makes this pattern more powerful ..
whether it can break through the volume profile sectionHello?
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(NAS100USD chart)
During the volatility period, it rose to the volume profiel section of 12896.2-13418.8.
It is expected that the trend will be determined by whether there is support or resistance in this area.
Therefore, if it rises, it is expected to continue the upward trend only when it rises above 13231.6-13480.9.
Conversely, it is expected to continue the downtrend only when it falls below 12716.0-12896.2.
If it rises above 13480.9, there is a possibility of a sharp uptrend.
If it falls below 12716.0, it is important to find support around 12497.5.
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(SPX500USD chart)
The key is whether it can rise above 4116.4123.5 and be supported.
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(DXY chart)
After the volatility period around April 3, it shows a decline below 102.020.
Therefore, the question is whether resistance can be found below 101.494.
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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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SPY S&P 500 etf Head and Shoulders Chart Pattern. Options to BuyIt looks like a Head and Shoulders Chart Pattern is forming in the chart of SPY S&P 500 etf.
Because I believe we are about to see SPY trading at the neckline of the H&S, I`m considering the following puts:
2023-5-19 expiration date;
$389 strike price;
$4.10 premium to pay.
Looking forward to read your opinion about it!
Volatility Period: Around March 30th - Around April 3rdHello?
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(NAS100USD chart)
The important volume profile section is the 12896.2-13231.6 section.
Therefore, in order to ascend to 12896.2-13231.6, we need to make sure that we can rise with support in section 1.
If it fails to rise, you should check for support around 12497.5.
The next volatility period is around March 30th - April 3rd.
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(SPX500USD chart)
We need to see if we can sustain the price by rising above 3984.7-4000.0.
If not, you need to make sure it is supported around 3774.9-3845.4.
Whether it can rise above 4116.0-4123.5 is the key.
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(DXY chart)
It is necessary to check which direction it is deviating from the 102.020-103.494 section.
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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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US500 | S&P500 | Everyone is Looking to Enter Sell so Let's SellS&P500 is at so called Major Resistance.
Institutes, Banks, Retail and every single person looking at this chart is looking for a sell.
CPI is coming 2 hours from now.
Take positions now or after CPI
There will be huge volatility in this time so Manage Risk Accordingly.
That's it.
S&P 500 Bullish Consolidation ContinuesStock markets have been uninspiring so far today, mainly due to the lack of fresh catalysts to encourage market participants to trade. At the time of writing, the markets were holding losses in Europe and US. That said, the losses were limited, and lacked any real momentum. So, we may yet see some bargain hunting later in the session for some downbeat stocks, which could lift the indices. Understandably, some investors are having a hard time to make up their minds on the direction of asset prices. Question marks remain over how the bank crisis will play out, and whether the Fed will hike or hold interest rates at the next FOMC meeting. To make things worse, there isn’t an awful lot on the economic calendar this week until Friday when we will get the Fed’s preferred measure of inflation data. But we did see a gauge of US consumer confidence (CB) unexpectedly improved in March.
All told, the market is basically inside a large consolidation zone, but with a slight bullish tilt thanks to receding fears over banks.
S&P 500 technical analysis
The S&P 500 has been coiling around its 200-day average, suggesting that it is gearing up for a potentially sharp move. The index has poked its head above the bearish trend line on a couple of occasions, but so far unable to show any bullish follow-through. Will that change this week?
The bulls will not want to see the index close below Monday’s low around 3968, and certainly don’t want to see it drift back towards Friday’s low at 3905. On Friday, the S&P and several other global indices formed large bullish hammer candles. The bulls now need to see some upside follow-through above these candles.
So, watch out for a possible move higher above Friday’s high at 3980 to potentially trigger a short squeeze rally.
-- Written by Fawad Razaqzada, Market Analyst
Follow Fawad on Twitter @Trader_F_R
Visualizing the Current Market in Relation to Past RecessionsIt is helpful to view past recession trajectories to get a visual idea of where we are at the moment. I chose the recessions which were most relevant to today's market conditions. The 01 (purple) and 08-09 (dark blue) recessions were the first "modern" recessions where MMT was being implemented and tech made up a significant chunk of the market. The 70 (reddish brown) and 73-75 (green) recessions were the first stagflation recessions of the 70s. Finally, the Great Depression (light blue) is shown as a worst case scenario. If this current period mirrors history, a bounce or sideways movement through the rest of 2022 wouldn't be surprising. While a depression trajectory is possible, I don't believe it is most likely at this point.
DXY (US DOLLAR INDEX)Hello traders! In my opinion, in long term this index is sell.
If the price breaks the level of 100.00, this brings a decrease to the level of 93.54. Also the alternative scenario is up at the 108.80 level and then at the 93.54 level.
Be careful and wait for a confirmation!
Don`t forget to look at the economic calendar!
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SPX500 | Short IdeaI see a significant pattern setting up for more downside on this index.
- engulfing candle patterns at major daily 200 EMAs
- PA below the 200 EMA on the daily
- a flag (bearish) pattern has been completed
- layering on the fundamentals of gold/silver and even bitcoin being purchased over more "risky" stocks - especially this banking fiasco.
2.3 : 1
1% risk - Happy Trading!
The key is whether it can rise to the volume profile sectionHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
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Have a good day.
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(NAS100USD chart)
(1W chart)
The key is whether it can be supported by rising to the volume profile section of 12896.2-13418.8.
(1D chart)
The key is whether it can rise above section 1, 12716.0-12896.2, after being supported near 12497.5, the HA-High indicator point.
If it fails to rise and falls below 12896.2, it should check for support near 12119.2-12255.2.
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(SPX500USD chart)
The question is whether it can rise above 4116.0 and hold.
In order to continue the short- and mid- to long-term upward trend, it must rise above 3984.7-4037.6.
If the price fails to move above the uptrend line (1), be cautious as there is a possibility of a pullback around 3774.9.
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(DXY chart)
The key is whether there is movement out of the 102.020-105.873 interval.
A break below 101.494-102.020 is expected to boost the investment market.
If it rises above 105.873, the investment market is likely to experience a downturn.
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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 to see a temporary move higher?US500 - 22h expiry - We look to Sell at 4018 (stop at 4057)
Buying pressure from 3867 resulted in all the initial daily selloff being recaptured.
An overnight positive theme in Equities has led to a higher open this morning.
A move to 4022 will form an intraday bearish Gartley pattern.
There is scope for mild buying at the open but gains should be limited.
Preferred trade is to sell into rallies.
Our profit targets will be 3921 and 3901
Resistance: 4017 / 4022 / 4086
Support: 3924 / 3900 / 3820
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.
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
Still on a downward trend in the big pictureHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
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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.
---------------------------------
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.