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US SPX 500

SPX500USD Will Go Down From Resistance! Short! Here is our detailed technical review for SPX500USD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 5237.5. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5193.0 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDShort
by SignalProvider
1
Bullish But Wait Until Feb 27th to go Big LongThe black arrow/path is my near-term forecast, I expect price to trade along this trajectory. As the title indicates, the market is near-term bullish but don't enter long or add until Feb 27th for the following reasons: 1) chart perspective : The structure is setting up for a sustained break of 5039 to make a final leg higher to complete a smaller degree wave 5 (I didn't draw the Elliot Wave Count in my chart, just trust me that we just completed a smaller degree wave 4 and are looking for confirmation that 5 has begun). Price will continue slightly higher for the next 1-3 days (2/22-2/26) and then consolidate - likely forming a w fractal - through Feb 28th (next Wednesday). After that it will make the sustained break higher and run through early March before topping. 2) logical perspective : new bulls (especially retail) is going to chase this gap up in SPY tomorrow (extra FOMO due to the NVDA jump) and they'll buy ignorant Feb 23 - Mar 1 OTM calls that are designed to expire worthless. If you're not already in you're late, its all good I'm not in yet. Simultaneously the perma-bears will pile in thinking its "over-extended" ... everybody playing loses temporarily. Waiting until 2/27 will also give this enough tome to confirm long, a break back below 5000 is a warning sign for bulls and a break back below 4969 is Bearish. The play is to wait until the implied volatility on calls for Mar 15 expiry or later cools off while price consolidates around 5039 (SPY 501). Buy SPY 505.00 calls on Feb 27 to prepare for the bigger move staring on Feb 28 (earliest expiration you should be eying is Mar 15, but I'm going to go out to April). ---------------------------------------------------------------------------------------------------------------- BREAKDOWN of Key Levels and Path to Target: - Breakout level = 5039.20 - Initial target range = 5050-5058, with point target 5074 -The upside continuation to this range will happen fast by 2/22-2/26, then it will consolidate between 5017 and 5088 as it prepares to make a sustained break of 5039. Don't FOMO. - SPX and general market will make its main run from 2/28 to 3/15/2024. Goal Target = 5153 , but it can go as high as 5208 before consolidating again or pulling back. - Once you follow these directions and enter long (unless I post an update saying "cancel that"), the trailing stop loss will be the dotted black upsloping line. ~Good Luck This is the word of the Lord .
OANDA:SPX500USD
by JerryManders
26
US500 Trade IdeaAnalyzing the 1-hour chart for the S&P 500, the price has been exhibiting an upward trajectory. We can discern the formation of higher highs and higher lows, suggesting a prospective US500 bullish trend, however beware the double top and strong sell off. Im anticipating a move back up to rebalance and we could see further downside so approach this with caution and good risk management. The strategy involves identifying an opportune long entry point during the retracement, with the aim of capitalizing on the previous high levels, as highlighted by the chart markup. It is crucial to note that this information is solely for educational purposes and should not be construed as financial advice.
CAPITALCOM:US500Long
by fxtraderanthony
2
SPX500USD Is Going 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 price is testing a key support 5149.7. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 5195.3 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDLong
by SignalProvider
1
SPX500USD Is Bullish! Buy! Take a look at our analysis for SPX500USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 5117.4. The above observations make me that the market will inevitably achieve 5183.6 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDLong
by SignalProvider
1
S&P 500: Resilient Rise Challenges Upper ResistanceThe S&P 500's latest weekly close at 4971 reflects ongoing bullish momentum, positioned just below the upper Bollinger Band resistance of 5136.3. The market's resilience is further underscored by the MACD's positive divergence above its signal line. Looking down, the Simple Moving Average at 4854.7 serves as the pivotal support, reinforcing the trend's strength. As the index navigates between these technical boundaries, the near-term outlook suggests a cautious but optimistic view for potential upward continuation.
OANDA:SPX500USDLong
by MonoCoinSignal
SPX500USD Will Go Lower From Resistance! 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 on a crucial zone of supply 4932.1. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 4848.8 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. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDShort
by SignalProvider
3