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SPXUSD

SPX bounced off resistance, all eyes on 3907SPXSPX must close above 3907 today to confirm the breakout! Bounced off resistance on this move, super extended and overbought now. Resistance is at 3933SPX, broken trend channel test from the bottom I have trimmed my longs (from yesterday's 3755-60ES entry) before the CPI, oh well, cant win them all. SPX is still in its opening channel Tomorrow is a directional change day, will confirm the breakout if the price stays up above 3907 and can get above 3933SPX Volatility is rising into Nov 23rd, I still expect lower into that day, only after a good rally up into EOM For now day trading for me with a core short position
SP:SPX
by RealTima
21
SPX long termHe is a bit cleared out chart for my long term view on the SPX. I think (as was saying all year long), that we will revisit 2020 lows and ideally make a higher low at 2855SPX or if super weak low 2400 (less odds at this point) by Mar/Apr 2023. If there is a H&S playing out and we will know soon enough, then the price should get down to 3k zone My ideal target for this year low is at 3212SPX with min 3389SPX (which I think will be sliced/wont hold long if tested) Maj support going into Nov 10-11th low is at 3610 to 3656 SPX, where 3610SPX is the maj support. Below 3610SPX the price will test min 3543-56SPX is not all the way to re-test Oct 13th lows. If in fact that happens, then the move down to 3389 and ideally 3212SPX will be very fast and will bottom on Nov 21-22nd. Ideally we test 3389SPX level on Nov 21-22nd, rally up back to 3545-55SPX and ideally back to 3610-55SPX by EOM and make a final low in Dec either at 3212 or that mid 3k zone. I do think 3k will be a very solid support and will hold this year. This year is a pure bear market and so many still expecting a Santa Rally, I think we get Santa Crappy instead. So after a good size rally (13-18%) from Dec lows to mid Jan high Early next year it will be a perfect scenario where the price dives down to 2855 and low 24 handle to mark the bottom of the whole move down from Jan highs. Then I think the price will start to move up with the money flow from the European countries and other countries to a safe heaven - the US stock market. DOW will benefit the most imo, so I expect DOW to outperform, SPX to follow. That high might be a double top sometime in 2026 and then another move down to 1550SPX zone by 2030-32 So if played right and give enough time to your trade, a lot of money can be made playing long term/swing this pathway Have a good night, tomorrow will be interesting, expect a lot of volatility to hit the market going all the way till Christmas time
SP:SPX
by RealTima
5
SPX can be in a much bigger H&S patternIf this H&S plays out/triggers we will see the price in 3k zone For now there is a support box for the move lower. Expect unexpected, as the price was tested so many times on the downside, it can break next time it does test it. Also if this is a start of the wave 3 down, it will be fast and with min retracements, so be careful when trying catching the knife Sar dots on daily are printing from the top 3rd day in a raw, 4h just joined the party VIX and UVXY got very green already Im swing short and my timing for the low is 21-22nd of Nov Should move down into 10-11th low, then up into the 15-16th and final push to 21-22nd low
SP:SPX
by RealTima
2
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * CRITICAL RESISTANCE WATCH . US midterm elections are tomorrow and the Republicans appear poised to take the House and Senate, if this happens then a short-term rally would likely ensue leading up to the CPI report on Thursday. Equities, Equity Futures, Cryptos, Metals, US Treasury Bonds, VIX, GBPUSD, EURUSD and JPYUSD are up. DXY, CNYUSD, Energy and Agriculture are down. Key Upcoming Dates: US Midterm Congress Elections 11/08; Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently retesting the lower trendline of the descending channel from July 2021 at ~$3775 as resistance which is just below the 50MA (~$3800). Volume is currently Moderate (moderate) and on track to favor buyers for a second consecutive session if it can close today's session in the green. Parabolic SAR flips bullish at $3900, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 50 as it approaches a test of 52.68 resistance. Stochastic remains bearish and is currently beginning to form a trough at 27, the next support is at 18.32. MACD remains bullish and is currently trending sideways at 6.5, it's still technically testing 10.73 minor resistance but if it crosses below 0 it would be a bearish crossover (there are two support levels just below at -5 and -11). ADX is currently trending down slightly at 18.5 as Price attempts to push higher, until a trough is formed this correlation is mildly bearish. If Price is able to recapture support at the lower trendline of the descending channel from July 2021 at ~$3775 and break above the 50MA at ~$3800 as resistance , then it will likely aim to retest $3913 minor resistance . However, if Price is rejected here, it will likely retest $3658 minor support . Mental Stop Loss: (two consecutive closes below) $3770.
SP:SPX
by dailytaguy
SPX500 Bulls in the gameLooks like S&P500 bulls, but expect that it will only go so far. Unemployment rate has gone up 2%. NFP higher than expected but lower than previous. But, inflation still on the rise. Fed is poised to hold their stand, continue hiking interest rates albeit at a slower pace. Interest rates hikes are possibly priced in by now - with the Fed having made a clear stance for interest rate to be within the range of 4-5%. We have just hit the lower end of the range at 4%, and will probably be little to low impact from now for anything under 5%. Expect chaos if interest rates go above 5%. If otherwise, market will probably continue the bulls until a new catalyst hits. Will we see a correction to key price levels before resuming the higher timeframe trend?
OANDA:SPX500USD
by geneAnalytics
S&P500 Index Analyze (Similar movements, 11/07/2022)!!!⚖️We better start this post by reviewing the previous posts I published about the S&P500. As you can see in the 2 weeks time frame, it seems that the S&P500 index has completed a complete cycle and is in the main corrective waves.👇 As I expected, the first major corrective wave A is forming an Expanding Leading Diagonal.👇 Currently, the S&P500 is moving in microwave 5 of the main wave A and seems to be able to create a movement similar to the one in microwave 3. S&P500 Index Analyze Timeframe 4H (Log Scale)⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SP:SPXShort
by pejman_zwin
SPX next week pathwayIm looking for an ABC move up tomorrow for a new high 3815-35SPX (if we wont take Fri lows) Ideally we bottom in ES deeper then the cash price and cash will get its 50% retracement hit in am tomorrow, then we go up to close the Sunday opening gap Then we should fall hard into 34 handle territory. My timing is a low in Nov for the year and Jan high, then Mar/Apr maj low of this move. Note this: Fed is removing $40B by Nov 15, then aprox $20B/week through the EOY So dont expect Santa being nice to the bullz...
SP:SPX
by RealTima
6
SPX updated Fri chartFibs are on the chart, so far stopped at 50% retracement, I would expect 61.8 to get hit today, right into the resistance trendline (black line) Yesterday's box was resistance, now its a support, use that if you want to go long (if we get a pullback today) I was expecting this rally, but missed am entry, had one NQ running on the long side from yesterday and that was closed at the open spike. I have also added back to my swing short MNQ (was closed those at 645 and 685 mentioned pre-market on that spike down), not doing anything else, as this can stretch up into the 7th and I dont want to increase my short position here. You saw how they can do destroy both sides with am fckery, so have stops if you are in green, do not let your trade turn against you! Again its Friday, DO NOT OVER TRADE! Dont give them back your weekly gains!
SP:SPX
by RealTima
31
SPX - I got you all targets hit! Well we hit all the targets outlined on Oct 30-31st. Now if we wont hold today's lows we will see mid 3600 - I have a box zone at 3665-75 - and 3641.50-50SPX as the next target zone, where 3641.50 is a Maj support on closing level! - Supports on the way are - 3718-20SPX - 3689SPX Resistance: - 3791-3803 - 3907 is where the Maj resistance again Also I want to present a possibility I was taking about on Oct 31st update of a bigger H&S where its working on the head at the moment. I did some calculations and there is a chance we see 3552-89SPX on this leg down, that would be a perfect spot for the head to stop. Can extend into 3500 zone as I expect the whole move to be retraced in full from Oct 13th lows (mentioned this many times) Will post the H&S chart here in a bit
SP:SPX
by RealTima
33
SPX Weekend updateThis will be a quick update. As long as we hold 3907-13SPX on closing level we should see lower going into Tuesday am, then up into 2nd/3rd high. Another possibility is we bottom on the 2nd and reverse into the Midterms with higher levels to be seen, maybe even above 4-4.1k zone I really have no good support till the support cluster zone at 3739-3750SPX There are 2 supports on the way, look for 2 grey lines below the price. Ideally we gap down tomorrow and wont look back till 3750-40 zone is tested then a rally back to 3918SPX before the Fed decision. Im having a dilemma is we see a low or a high on the 2nd (pre-FED), ideally its a low and not the high, as I want to see a good push into Midterms with the high to be seen on week of Nov 7th. Then I would expect a strong move down to at least re-test of Oct 13th lows + or -, if not 34 handle. Its getting to a point where it can breakout, cant rule out that. If we do, we should see 4-4.1k and no way higher then 4300. Nov is a bearish month when going back to Mid-Term elections and since its a bear market, I expect Nov to be a red month with Oct being the high month. Tomorrow am will be a telling story, so far futures are slightly down and we have a gap from Sunday open, futures gaps always get filled! Will those be filled after a strong move down tomorrow into the 2nd or it might get filled before the open or in am at top. Again all eyes on 3907-13SPX as a maj resistance going into tomorrow. If the price closes strongly above that resistance tomorrow, I will get long into Nov 2nd high. So far Im swing short and quite under the water from Fri close. Its going to be a very volatile month, so dont get emotional thinking that you're missing the train and jump when tomorrow it all can dramatically change
SP:SPX
by RealTima
8
SPX Daily TA Cautiously BearishSPXUSD daily guidance is cautiously bearish. Recommended ratio: 30% SPX, 70% Cash. * The Fed stayed on their path of moving to restrictive monetary policy and raised the funds rate by 75bps to 3.75%-4% . DXY, US Treasuries and Agriculture are up while Cryptos, Equities, Equity Futures, Metals, Energy, CNYUSD, JPYUSD, GBPUSD and EURUSD are all down. Fed Chair Powell mentioned that more rate hikes are to come but that they would likely consider slowing the rate of increases in the coming meetings. FFR speculators are currently betting on a 50bps rate hike on 12/14/22 but economic data between now and then may force the Fed to contemplate another 75bps. In timely fashion, Russia resumed its arrangement with Ukraine to allow them to use Black Sea shipping corridors for grain and fertilizer shipments but Putin mentioned that they can withdraw again if Ukraine "breaches the deal" by striking Russia in these corridors. Putin also mentioned that in this situation, Russia would supply the poorest countries with grain from their own stock; he also stated that Russia would stop short of blocking Ukraine grain shipments to Turkey. In Israel, right-wing former PM Netanyahu is expected to be reelected as PM in the coming days. Speculators see this as as a positive counter to Iran's recent support for Russia and revival of their nuclear missile program but a negative for Palestinian peace talks . Key Upcoming Dates: October Employment Situation at 830am (EST) 11/04; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently testing the lower trendline of the descending channel from August 2021 as support at ~$3780 after getting rejected by $3938 minor resistance and breaking back down below the 50MA (~$3825). Volume remains High (low) and has favored sellers the past three consecutive sessions; Price was rejected by the POC (VP) at around $3938 minor resistance. Parabolic SAR flips bearish at $3688, this margin is mildly bearish at the moment. RSI is currently trending down at 48.5 and is at risk of losing 52.68 support if it doesn't bounce soon, the next support is the uptrend line from January 2022 at ~43 as support. Stochastic remains bearish after a failed bullish crossover attempt and is currently testing 76.29 support. MACD remains bullish and is currently trending down at 15.5 as it continues to technically test 10.73 minor resistance. ADX is currently trending down at 20 as Price attempts to keep pushing higher, this is mildly bearish at the moment. If Price is able to bounce here then it will have to reclaim support of the 50MA at ~$3825 before it is able to formally retest $3938 minor resistance . However, if Price breaks down here, it will likely retest $3658 minor support . Mental Stop Loss: (two consecutive closes above) $3825.
SP:SPX
by dailytaguy
SPX still unclearI have no good feeling on either direction here. Its all can be muted all the way till the 2nd decision In idea it has to gap down and retrace into Fri am lows around 3808SPX or so Ideally we test 374-50 support zone and then rally up for a higher or lower high, back testing 3907-13SPX level Its all up to 3707-13SPX level on closing level, bull/bear line Futures are up at this moment, so hard to make a call here, If we hold in am, I will do a long trade as it might get another squeeze into 4010-20SPX zone with 3960SPX as a smaller degree resistance on the way. Im swing short and under the water, I do believe that November month will be negative and I have huge doubts of Santa Rally being present this year. There is a chance we get a Santa Crappy into EOY instead:) If I see something solid in am, I will post it right away, for now as long as we hold 3907-13SPX Im looking for lower levels to be seen.
SP:SPX
by RealTima
18
S&P500: Bullish for the next 10 days at least.The S&P500 hit the 1D MA100 (green) on Friday for the first time since September 13. The rebound started off a Double Bottom and broke above the dashed Lower Highs trend-line that is consistent with all previous short-term rallies in 2022. Based on that, the price should stay bullish for at least the next 10 days and hit the 1D MA200 (orange). We can even make a case for a potential long-term bullish reversal above the bold black Lower Highs trend-line, as the 1W RSI has been trading within a Channel Up on Higher Lows since June 21, while at the same time the index made Lower Lows. This is a Bullish Divergence on the long-term but we will have time to analyze this in the coming days if the major breakout occurs. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
CME_MINI:ES1!Long
by InvestingScope
SPX updateI have missed all todays rally, had only a long from 3792 and exited at 3805 My swing short isnt in a best shape, but I have protective longs going till they stop working. Maj resistance today is 3798SPX and its going to close above it. Next maj resistance is at 3907 on daily and 3913-14 on weekly Today is a solar eclipse day, usually markets top on or around solar eclipse day. Im not buying this move up, its just all 3 waves moves up with extensions, nothing else. The price is already getting to overbought zone and the fear and greed is already in neutral zone and getting close to cross the greed zone. VIX is in support zone, but close to be broken to the downside, still lots of room there. SPX supports are at 3825 and 3808-07 and then maj support is at 3789SPX I have some price confluence in 3900-20SPX zone as mentioned yesterday and closing above 3820SPX will confirm that target. Watching the price and 3820-25SPX test to enter with longs for 3900 target SO far there is a small H&S on ES and NQ on 15min, not touching anything just yet.
SP:SPX
by RealTima
28
Long term chartThis is how I see the whole move developing into end of Q1 of the next year. I do expect we will bottom on Mar/Apr (May if stretched) 2023 and then rally up into a bigger B wave up. There is a chance that we will see 1550-1750SPX as well as 4300-4500 within next 10 years, doubt we see new highs till after 2032 Please note Im not a Nostradamus or a person who predicts the future, my view can be changed at any time if I see changes on long term charts. Few numbers to watch - 3196 is 61.8% retracement off 2020 lows - 3238 is where 38.2% retracement off 2009 lows Maj support for the whole move down is at 3200-3240SPX - A wave B wave up to 4k+- (to be determent) C wave down to my low 24 handle next year to mark the bottom of the whole move down from Jan highs.
SP:SPX
by RealTima
20