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Spy500

Country Garden is unable to meet the offshore debt payments The past few days were quite choppy for SPX. However, S&P 500 E-mini Futures have not broken above the 0.5 Fibonacci retracement level. That allows us to maintain a bearish stance and keep the recently introduced setup valid. As a result, there is not much to write about today, except for one noteworthy thing that caught our attention overnight: one of the largest Chinese real estate developers, Country Garden, failed to meet offshore debt payments (already in the grace period), suggesting default proceedings might be next. We will update our thoughts on the asset with the emergence of new developments. Illustration 1.01 Illustration 1.01 displays the daily chart of ES1! and Fibonacci retracement levels. Technical analysis gauge Daily time frame = Neutral Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXShort
by Tradersweekly
6
Observing SPX Range-Bound Move: Be Caution and Stay AlertToday, I wanted to draw your attention to the recent performance of the SPX, which has been exhibiting a range-bound behavior over the past year. As we navigate through these uncertain times, it is crucial to stay vigilant and monitor the market closely. Over the last year, the SPX has shown a tendency to trade within a specific range, with price movements oscillating between key support and resistance levels. This range-bound behavior implies that the market has been lacking a clear direction, making it essential for investors to exercise caution and closely observe the price action. Currently, the SPX is hovering around the $4569 level, which serves as a significant resistance point. Should the price break through this level decisively, it could potentially signal a bullish trend. In such a scenario, it may be prudent to consider long positions, taking advantage of the potential upside momentum. On the other hand, it is equally important to be prepared for a potential downside move. If the price falls below the long-term support level of $3800, it could indicate a bearish trend. In this case, it may be wise to consider short-term positions or even adopt a more cautious approach in the long term. Given the current market dynamics, I encourage you to closely watch the SPX's price movements, paying particular attention to the key support and resistance levels mentioned. By doing so, you will be better equipped to make informed investment decisions and navigate the market with prudence. As always, it is essential to remember that investing involves inherent risks, and past performance is not indicative of future results. Therefore, I recommend consulting with a financial advisor or conducting thorough research before making any investment decisions. Should you have any questions or require further assistance, please feel free to comment below.
CBOE:SPX
by bryandowningqln
The S&P500 is preparing for an insane rallyHello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme. ------------------------------------------------------------------- Today I want to share with you my outlook on the S&P500: Over the past almost 15 years the S&P500 has been respecting a super simple bullish trendline. Always when the S&P500 tested this level, we saw a major rally towards the upside. And now the S&P500 is about to retest this trendline again and I do expect another push higher. ------------------------------------------------------------------- Most of the people always follow the quick money. But the quick money is never the big money. They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail. The only think which you can control is your risk, everything else is unknown. Keep your long term vision!
SP:SPXLong
by basictradingtv
43
ES Bull Flagging into 4400ES Hourly Analysis - Bull Flagging into 4400 Price action was quite choppy today and was hard to read. When that happens, it's best to just step away and let price paint a picture for you over a period of time until the direction is clear. That is exactly what ES has started to do. On the 2-5 minute chart this looks like a mess, on the hourly, it's painted a beautiful picture. It is showing us that ES can not close 4400 and that any time it dips below, buyers keep stepping in. 4400 has become the battle field. We are basing/consolidating for a big move, which is expected due to this being a volatile week. While we are in a volatile week once earnings start to report, and with current world news, don't swing for the fences when entering trades. Keep it logical. Supports: 4400, 4390, 4375. Resistance: 4410, 4415, 4425.
CME_MINI:ESZ2023Long
by AmpedTrading
SPY S&P 500 ETF 2023 Forecast. CPI Report PredictionAfter those Put options went to the target: My timeline for SPY S&P 500 ETF after the CPI report on Feb 14 is this: 1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1. - The market will be exuberant afterwards and SPY will reach $431 by March 1st, thinking that the FED won the fight against inflation. 2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase. - The market is expected to react and the SPY will reach $376. 3. They year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation, will be restored. Inflation don to 3%. My prediction for SPY by the end of the year is $436, a 15% increase YOY. Looking forward to read your opinion about it!
AMEX:SPYLong
by TopgOptions
2
Market to suck in die-hard bulls before abrupt reversal?Finally, the SPX rebounded to the level we initially expected it to reach (outlined last Friday). This move was accompanied by a bullish reversal in RSI, MACD, and Stochastic on the daily chart. To support a continuation higher, we want to see these indicators continue to develop bullish structures. However, to support a thesis that this is merely a correction of a prolonged downtrend that began in late July 2023, we would want to see RSI peak below 70 points (which is very common for downtrend corrections). In addition to that, we would like to see MACD fail to break above the midpoint. As for our stance, we continue to wait on the sidelines (for short re-entry if the situation develops as expected). However, at the moment, we still do not feel comfortable to take action. The SPX might continue higher, potentially to the level where it sucks in bulls who start predicting new all-time highs and soft landing, just before an abrupt reversal. If we were to think of such a level, it would be somewhere near $4,450 (coinciding with the breakout above the sloping resistance). Though this is, of course, only a speculation at this point. It is not warranted the market will rebound as high (especially as yesterday’s candle looks somewhat exhausted). Therefore, for minor clues, we will pay close attention to the price’s ability to hold above the 20-day SMA and Resistance 1; a failure to stay above these levels will raise our suspicion and potentially signal a loss of upside momentum. Illustration 1.01 Illustration 1.01 displays the daily chart of BTCUSD and two simple moving averages. The 20-day SMA acts as a support. If the price fails to hold above this level, it will be slightly bearish and raise our suspicion. Technical analysis gauge Daily time frame = Slightly bullish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXLong
by Tradersweekly
8
$SPY Inverse Head & Shoulders PatternAMEX:SPY Inverse Head & Shoulders Pattern, In the recent trading sessions, the SPY index has exhibited a compelling technical pattern commonly known as the Inverse Head & Shoulders. Unlike its bearish counterpart, the standard Head & Shoulders, this pattern is generally considered a bullish indicator and may signify a trend reversal from downward to upward. The structure of the Inverse Head & Shoulders consists of three main troughs. The middle trough (the 'head') is the lowest, flanked by two higher troughs (the 'shoulders'). The pattern is confirmed when the asset's price moves above the 'neckline,' a resistance level connecting the two shoulders. Investors should remain vigilant for a decisive close above this neckline, as it would confirm the completion of the pattern and potentially signal the commencement of a new bullish cycle for the SPY index.
AMEX:SPYLong
by AlgoTradeAlert
Unlocking SPDR S&P 500 ETF Trust's PotentialAt the start of 2023, our key assumption was that bullish trends would dominate the market this year despite the challenging global macroeconomic conditions following the post-COVID-19 era. Our prediction proved accurate, as the SPDR S&P 500 ETF Trust has already surged by over 10%, despite the ongoing high hydrocarbon prices. Bears have been trying to regain control and putting downward pressure on SPY in recent weeks. Adding fuel to the fire was the news that the Federal Reserve is ready to raise interest rates again if necessary, Jerome Powell said following the meeting at the end of September. "Given how far we have come, we are in a position to proceed carefully as we assess the incoming data and the evolving outlook and risks. Real interest rates now are well above mainstream estimates of the neutral policy rate, but we are mindful of the inherent uncertainties in precisely gauging the stance of policy. We are prepared to raise rates further if appropriate, and we intend to hold policy at a restrictive level until we are confident that inflation is moving down sustainably toward our objective. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments." However, despite the negativity spreading in the media, in our opinion, all movements are taking place within the framework of corrective wave 4, which will be completed this week. Overall, we believe that the Fed will not tighten its monetary policy as American savings continue to decline, which, given the rise in household debt, poses a significant threat to the stability of the US financial system. In conclusion, we would like to note that we are optimistic about the American economy, which is showing its stability while China cannot recover from the COVID-19 pandemic. As a result, we expect that the price of SPDR S&P 500 ETF Trust will continue its movement within the impulse wave 5 up to $461-462. Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the assets described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
AMEX:SPYLong
by ALLKA_RESEARCH
4