US SPX 500
SPX500USD ( TRADING ABOVE SUPPORT LEVEL(1) ) ( 4H )SPX500USD
HELLO TRADERS
Tendency, the price is under bullish pressure , until the price trading above support level (1) at 5,206 .
Upward Zone : until the price trading above 5,206 , refers active upward zone , currently the price trading above turning level at 5,267 , to rising inside resistance zone between 5,344 & 5,411 , first thing for this rising reach of a resistance level (1) at 5,344 , by closing 4h candle above it easily reach next level at 5,411 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before .
Downward Zone: should the price reserve and breaking turning level at 5,267 , indicates dropping to support level (1) around 5,206 , to confirm true decline , the price it will be breaking 5,267 , by closing 4h candle below it to reach support level (2) at 5,124 , called support zone have been buying increase in this zone before .
Corrective level :Price may make a correction at 5,267 & 5,206 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 5,344 , 5,411 .
SUPPORT LEVEL : 5,206 , 5,124 .
SPx - Stocks Rebound in a Dramatic TurnaroundStocks Rebound in a Dramatic Turnaround
Global stocks rallied on Tuesday, partially reversing some of the previous day's significant declines. The market is expected to consolidate between 5,281 and 5,192.
This advanced sentence retains the original meaning while using more sophisticated language.
Bullish Scenario:
For a shift to a bullish trend, the price needs to stabilize above 5320, potentially reaching 5372 and 5409.
Bearish Scenario:
As long as the price trades under 5281 means will continue the bearish trend toward 5195 and 5169
Key Levels:
- Pivot Line: 5260
- Resistance Levels: 5281, 5320, 5372
- Support Levels: 5126, 5192, 5168
Today's Expected Trading Range:
The price is anticipated to fluctuate between the resistance of 5285 and the support of 5121.
previous idea:
S&P 500
The bottom is likely in, and we’re seeing a rebound. There might be one more test of the lows on lower volumes.
Currently, put options are being closed out. As a result, market makers are covering shorts, which allows the market to rebound.
There’s also a rumor about an unscheduled Fed meeting and a potential rate hike with added market liquidity. Whether this happens or not is irrelevant—just the rumor alone has led to a corresponding market reaction.
Are We There Yet? A Market Top ExposeAfter re-calculations and re-assessing, I think I am ready to move forward. I have moved off my position that the 2022 correction was a Supercycle 2 correction and macro market top. I would be on the bandwagon the market is primed to move up indefinitely if not for the massive amounts of debt and cautious discretionary spending. I am still in the camp of prices and wages requiring a re-balance. Companies will have to lower their prices to meet customers at a more realistic price point. The companies that fail to get to that price point will go out of business.
I am settling on the side of Supercycle I ending very soon and a larger corrective Supercycle II will take hold next. I am at this position due to the location of important wave 3s in the following chart:
My wave 3 indicator at the bottom will paint a light blue background at potential wave 3s. Close gaps between painted backgrounds are common at wave 3 of 3s as is observed by the yellow line around August 2021. The strongest point on the RSI and my wave 3 indicator generally occurs at wave 3 of 3 of 3 (and more levels of 3) which occurred with the white line in January 2018. Additional wave 3 indicators occurred in late 2013 and early 2014 which were likely in the fifth wave of Cycle wave 1. Based on this premise, Cycle wave 3 likely ended in January 2022 and the October low was Cycle wave 4. This would put the market in Cycle wave 5 currently. Cycle wave 1 lasted 5-6 years, while wave 3 did the same. Cycle wave 5 does not have to last long, but there is always a chance it does something similar. Currently, we are just over a year and a half into this wave which may be too quick for it to end.
So far we can see a 5 wave structure on the weekly chart. In this 5 wave structure, wave 1 had a wave extension, likely indicating waves 3 and 5 will be shorter in length. The wave 3 indicator has a gap between painted backgrounds in March of this year indicating this was possibly wave 3 and wave 3 of 3. Wave 4 likely bottomed with the low in April. This would place us currently in wave 5. The main question is if all five of these waves are Primary waves inside of the final cycle wave or if these are Intermediate waves inside of the First Primary wave.
The pullback in consumer spending has me believing we are closer to the end of a major cycle instead of in the early stages of a multi-year bullish cycle. Additionally, even though the year over year inflation rate is no longer as high of a number, inflation has not actually declined yet as prices continue constantly go up. Furthermore, the year over year inflation rate remains higher than the year over year retail sales numbers. If things were healthy as the talking heads make it seem, retail sales rate should be higher than the rate of inflation as this would show people are spending more money than they are losing to inflation. This is not the case which is why I think a major re-balancing (and yes recession) must still occur. I could be wrong as I have been, or my inaccuracies have been delayed to this point.
In trying to identify the current wave 5, I have switched over to the SPX500USD chart to find potential wave 3s and 3 of 3s.
The major wave 3s in this fifth wave are identified by the vertical white lines. It looks like the wave extension once again resides in the first wave. Wave 3 of 3 for wave 1 was on May 7th. Wave 3 of 3 of 3 was on June 6, and wave 3 ended on June 12. If these are true, the major fourth wave likely ended at the June 14 low. This once again places us currently in the fifth wave. This is the fifth wave of a wave 5. The question remains as to how large will the next correction be. The current top on the SPX500USD chart is 5530 from June 28th, but it will likely change before week's end with potential decreases in holiday trading volume.
On the main chart, I have plotted out potential Fib levels (noted on the right side) for a fifth wave extension if Cycle wave 3 ran from the 2016 low to the January 2022 top. 123.6% of this movement is where we currently are and can be a potential major wave 5 end point. The next Fib of interest would be 138.20% which is near 5967 (indicating much more bullish activity ahead). Regardless, a downturn is likely coming soon. If it starts within the next few weeks, the bottom could occur within the next 2-3 years. If the market blows past the current top, we will likely have a few more years of upward movement followed by a 3-5 year drop thereafter. A large drop now will not be great, but the economies of the country and world could "right themselves" in a quicker manner which would be best for everyone instead of longer and more drawn out. We shall see what happens, as I have been wrong plenty of times in the past. I can keep calling for a drop and will eventually be correct, but the batting average would not even be worthy of the minor leagues.
SPX500 to continue in the downward move?US500 - 24H expiry
Traded to the lowest level in 12 weeks.
We have a 78.6% Fibonacci pullback level of 5136 from 4930 to 5680.
There is no clear indication that the downward move is coming to an end.
The sequence for trading is lower lows and highs.
We look to set shorts at our bespoke indicator level (5273).
We look to Sell at 5273 (stop at 5321)
Our profit targets will be 5150 and 5136
Resistance: 5273 / 5338 / 5404
Support: 5175 / 5136 / 5091
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SPX500 correction soon to be finishedQuick idea to show that the Hash Ribbon indicator has turned green on 1D an Hourly timeframe.
The MACD is about to touch bottom and reverse.
These are signs that this correction is about to end. The SPX 500 just needed some cool down before continuing its uptrend, starting Monday I think.
240729 Weekly OutlookThe following week have major data release including,
240730 Tue CB Consumer Confidence ****
240731 Wed Fed Interest Rate Decision *****
240801 Thu Initial Jobless Claims ****
240801 Fri Nonfarm Payrolls *****
Unemployment Rate *****
Consumer Confidence is the major leading indicator alongside Michigan Consumer index. Investors should follow the rise of two indexes to lead increase in economic data like inflation, GDP, labor market conditions, as well as economic conditions.
Fed rate is expected to remain unchanged, while market discounting the first cut in the cycle to come in September.
Labor market show resilience all the way that give space to maintain higher rates in this cycle for longer. Even the first rate cute is forecasted for September, I would still expect the higher rates to stay here for longer period due to resilient labor market, as shown by labor market indicators.
There are no signs for S&P to weaken this time, rather shuttle up and down at high levels. Note that last adjustment in S&P followed the deviation of 12% from major trend line 200SMA. Attentive investors could observe it previously.
When the market finally digest selling orders, S&P should resume the rising trend.
Go Long, Go Wealth (Microsoft)Microsoft made a significant move today. Based on my analysis, the price is expected to retrace to either the $438 or $429 level.
I anticipate that the price will stabilize at one of these levels before a potential reversal occurs.
Although I am not directly trading MSFT, I have invested in SPUS, which is following a similar trajectory.
SPX500USD Will Grow! Buy!
Take a look at our analysis for SPX500USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 5,665.3.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 5,860.7 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SPX500USD ( TRADE BELOW RESISTANCE TRENDLINE ) ( 4H )SPX500USD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates the price is under bearish pressure
TURNING LEVEL : there is a blue line around 5,596 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
NEW RESISTANCE LEVEL: there is a green line around 5,625 , it indicates the progress of the index
SUPPORT LEVEL : there is a red line around 5,544 , indicates buying have already increase this level , and in this level create a demand zone
PRICE MOVEMNET : the price stabilizing below turning level around 5,596 , in my opinion until the price trade below turning level , reach a support level at 5,544 , then breaking this level reach a next target at 5,503 , if the price breaking turning level create a new resistance level at 5,625 and 5,661
TARGET LEVEL :
RESISTANCE LEVEL : 5,625 and 5,661
SUPPORT LEVEL : 5,544 , 5,503
SPX500 / US500 Bullish Robbery Plan To Make MoneyMy Dear Robbers / Traders,
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SPX500USD Will Go Up! Long!
Here is our detailed technical review for SPX500USD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5,516.8.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5,549.3 level soon.
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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