Get started

Spxanalysis

SPX Pullback This Week Expected (600-1000ish pips)Short Term: Bear Long Term: Bull Unknowns: Fundamentals (Stimulus talks/reaction to gold creating instability in the dollar, Crude Oil Inventory Wednesday, Unemployment claims Thursday) For the past week and a half we've had a good bull run on the SPX. I myself made plenty of good trades and was able to hold the position and ride the wave. But I'm afraid it might temporarily be over. I've outlined the impulses/rallies in blue and the pullbacks in gold going back to June. After our last major resistance turned support (designated in the pink bordered box) that area was never retested once it left the building. After the big dip on the 11th creating and creating a new high on the twelfth, you can see the RSI and MACD see a shift in momentum. I drilled a little deeper into this segment here. SPX did not create a new high and side stepped the channel we've been following for the last two weeks. Which means another channel will be forming and I have the idea in the original chart. I believe we'll be following that channel probably making a few big drops along the way to the 3290-3280 area. Which would currently give us roughly 880 pips. What will be interesting to see is how it reacts with the 3330-3334 level. It is possible for that level to maintain support as it moves sideways. But I believe that is highly unlikely. Instead I believe it will drop through that level and retest for the sell down to the 3280 area. The two scenarios are loosely depicted below. What I'm personally hoping for is a quick/deep re-tracement bouncing off S/R levels along the way in which I will setup a sell down to the 3280 level for the major sell that would look something like this. Lastly I had to take a fibonacci re-tracement into consideration. The 3280 level sits just above the 618 re-tracement as is with the current high and 3280 being "1" fibonacci level. It would not be surprising If we see bullish action and a new All Time High (ATH) created around 3205 come Sunday/Monday that would then push that 618 re-tracement level up to match the 3280 level. This would be the ultimate trade scenario and such a scenario would be as follows. The one thing that could happen that I'm not considering is if we fall straight through that 3280 level. So I'm not going to worry about that. Thank you for checking out my analysis! Let me know what you think, please and thank you.
OANDA:SPX500USD
by BodiesXWix
SPX / M2 paints a very different picture of the global marketThis chart shows the SPX/M2 and essentially paints a picture of the SPX when accounting for inflation. All the "gains" made in the time following the 2008 crash, after factoring inflation in, simply put price or "value" back to where it peaked. How interesting that the 2020 crash should occur at such a pivotal TA level, forming a near perfect sweep of highs and double top. From this view, it looks as though the price action following the 2020 march lows is simply amounts to a bearish retest. Will be an interesting one to watch as the money printer fires up yet another round of QE. Brrrr, brrrr, brrrr.....
Editors' picks
SP:SPX
by HxroLabs
57
SPY Looking To Breakout - Cup & Handle Forming.From now on I'm going to be leaving my bias out of these posts as I wouldn't want to corrupt anyone else's bias. With that being said, I'm going to let this chart that I made for your review speak for itself. I will say one thing tho. If I had seen this setup before close on 7/10 I would've swung calls into today. Possible scenarios: (Trade with caution) Let's see how this turns out though. We'll either test $322 and breakthrough to complete the V, hit $322 and consolidate for a couple days, or see a strong rejection around the $320 price point, give or take. Here's a brief breakdown of the setup: A bull flag pending breakout with a cup and handle setup confirming a possible breakout. P.S. Please bare with me as I'm still fairly new to TradingView and learning how to better my analysis. Feel free to give me a follow or a comment if you like the setup. Thanks, Ola.
AMEX:SPY
by OlaOluwalade
#SPX ANALYSIS.. I think we will see the pattern I mentioned in the #SPX's weekly chart in many indices in the coming years.. I think that the price movements on the global scale that may be experienced in the indices are gradually becoming clearer.. The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I have stated on the chart, but in the future; if #SPX cannot provide permanence above the trend line I have indicated with black dashed line, I think it will be very meaninful to follow the pattern in question.. You can find important points on the chart in the long run.. Let's see what the time will show.. What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk.. I wish you all the best..
TVC:SPXShort
by OguzhanSengor
1