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Spy500

S&P sell off for 1:5 on the risk to reward (Don't buy stocks)! The S&P has had an extraordinary run in November. It has moved up 400 points from the low and now looks to have consolidated and waiting to drop. Here are the reasons we want to sell this pair this week. 1) Daily RSI is overbought 2) H4 RSI is overbought and there is a double top 3) There is a Weekly pattern to sell which reacted previously and now there is a TYPE 2 test. 4) Strong resistance of last week's high of 4525 is there This will be a long term trade. S&P takes time to come down so I expect this to run for about 4-5 weeks.
SP:SPXShort
by JD_TeenTrader
S&P 500 Preferred Short: Better Risk-RewardToday I want to discuss about the bull and bear cases for S&P and introduce the fractal concept Bull case: Cup with a handle uptrend can be considered 1-2-3 wave and recent downmove as 4th wave it is a possibility because wave 4 is in wave 1's terrority, similar to the big downtrend. But this can also be considered a leading diagonal downtrend sub-wave 5 ended on uptrend wave 1 Bear case: Fractal retracement % is very close both retracements reached peak of wave 2 of same degree Preferred Elliott Wave Counts Risk-reward is better on the short side now speed of upmove
OANDA:SPX500USDShort
by sngyuchao
Buy This Bargain Before It's GoneIn early October 2023, we updated our previous forecast for the SPDR S&P 500 ETF Trust for the current year. Its price, after a short-term breakthrough of the triangle pattern (marked as (A)-(B)-(C)-(D)-(E)), returned above its lower border, and a new upward trend began despite the intensification of geopolitical tensions in the world, mainly due to the Hamas war against Israel. On the other hand, in mid-November, US inflation data was released, which demonstrated the effectiveness of the Fed's policy. So, the consumer price index (CPI) rose by 3.2% for the 12 months ending in October, one of the lowest values in recent years. The sharp decline in this indicator was primarily due to a significant decrease in prices for both energy and used cars and trucks. Ultimately, these data triggered a short squeeze on government bonds, which had a positive impact on the stock market. Currently, on the daily timeframe (1D) of the SPDR S&P 500 ETF Trust, a gap has formed in the price range from $441 to $446, which, according to our estimates, will be closed in the next 1-2 weeks. On a more global scale Thanks to positive macroeconomic data released by government agencies in the US and European Union and lower oil prices in recent weeks, the likelihood of the Fed cutting interest rates in early 2024 has increased sharply. We believe that the decline in 2-year Treasury yield will continue in the near future, which will also support the continued momentum of the SPDR S&P 500 ETF Trust. Moreover, financial market participants should pay closer attention to changes in the yield curve, which is becoming increasingly important and one of the most accurate fundamental tools for predicting changes in sentiment on Wall Street. As soon as the 2-year Treasury rate approaches the 10-year Treasury rate, this will provoke investors and traders to exit long positions in bonds and more aggressively buy ETFs, shares of technology and pharmaceutical companies. Conclusion We believe the pace of the US economic recovery will continue to accelerate and expect the SPDR S&P 500 ETF Trust to reach $463-$464 by the end of 2024. Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the stocks 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
1
Trouble lies aheadAs the Chinese stocks are starting to show signs of weakness after a few days of upside movement, we expect the same scenario to play out in the U.S. market. With that said, the setup we introduced in a previous article remains valid. To support a thesis about a bearish reversal, we want to see MACD fail at breaking into the bullish zone on the daily chart; in addition to that, we want to see RSI and Stochastic continue declining. Illustration 1.01 Illustration 1.01 shows two Chinese stock market indices we are paying close attention to. Illustration 1.02 The picture above shows the weekly chart of MACD. A breakout below the midpoint is something to watch in the following weeks. If MACD succeeds in breaking below zero points, it will be very bearish. Technical analysis gauge Daily time frame = Slightly bearish Weekly time frame = 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
8
ES 4H Analysis ES experienced a remarkable surge in the past week. However, we've returned to the crucial breakout and retest range of 4400-4430. For the rally to persist, it would be ideal for ES to have a moderate retracement and maintain demand in the vicinity of 4325-4340. While the price might continue its upward trajectory without a pullback, a measured retracement would be a positive sign. It's essential to remember that we remain in a declining channel and are approaching a vital zone characterized by the breakout, retest, and trendline resistance. Anticipate inconsistent and sluggish price movements (cooling period) before either a continuation or a reversal. Key levels to monitor: Resistance: 4400-4430 Support: 4325-4340
CME_MINI:ES1!
by AmpedTrading
"Higher for longer" to stay with usDuring yesterday’s FOMC press conference, Jerome Powell outlined the resiliency of the U.S. economy and labor market. In addition to that, the chairman reiterated the FED’s commitment to fighting inflation and bringing it to the goal of 2%. However, when asked whether the FED is confident about financial conditions being restrictive enough to finish the fight, the chairman answered that they are not confident about this fact and that more rate hikes might be on the table. Furthermore, Powell explained that all the effects of cumulative tightening had not been felt yet, allowing them to pause rate hikes and reassess the situation based on the upcoming data. With that said, we expect the policy of high-interest rates to continue to exert pressure on the economy, slowing it down. Plus, we disagree with FED’s outlook for no recession in 2024. Technical analysis gauge Daily time frame = Bearish Weekly time frame = 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
15
$SPY Market top playing outAs I've mentioned in my previous analysis, I believe we're at a market top (Despite Tom Lee calling for new highs). There's nothing positive for markets looking forward, therefore I think markets will finally price in all of the raise hikes and the poor economy. I think we may see one more high, however, if we do, I believe it'll result in a rug pull. I think the FOMC meeting tomorrow will largely be bullish for markets, but then after that, Thursday, Friday or into early next week, we'll see the market reverse. I'm looking for the move to hit the targets laid out on the charts. $412, $397 or $393 as the bottom. With hindsight, I think the move will mark the top of the market and we'll continue much lower. Bear market continuation targets shared here. Let's see if it plays out.
AMEX:SPYShort
by benjihyam
4
S&P 500 Index. There is no buyer nowOn the daily chart, the price is at the lower boundary of the sideways range. Yesterday's trading day favored the buyer with decreasing volume. On the hourly chart, the buyer resumed from the key impulse bar and twice attempted to breach the level of 4259.2 on volume but failed to do so effectively (failed to close an hourly candle above the level). The buyer has not made a strong presence yet. As mentioned earlier, local sales yesterday were observed from the level of 4259.2. For systemic sales, it is advisable to wait for the price to interact with the daily candle of October 19, 2023. Or after a successful breakout of the lower limit of the daily range and the seller defending this breakout. Local purchases can be sought upon the buyer's protection level at the lower boundary of the daily range: 4217.4. Targets are 4259.2, 4269.9. Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
OANDA:SPX500USD
by AlexeyWolf
S&P 500 Index. Will there be a buyer?On the daily chart, the price interacted with the lower boundary of the sideways range on decreasing volume. The buyer has not yet made a strong presence. On the hourly chart, a buyer's zone has formed at the lower boundary of the sideways range. It is more favorable to seek short positions from the daily candle of October 19, 2023, as previously mentioned. Local sales can also be considered after the seller's protection of 4238.4 or 4259.2. Targets are 4217, 4204, and possibly an update of local lows. One should observe how the price passes through the buyer's zones. Local purchases can be sought upon the resumption of the buyer from the buyer's zone at the lower boundary of the sideways range. Protection level 4217.4 or 4204.3. Targets are 4238.4, 4259.2." Good luck in trading! Disclaimer: This case study is for educational purposes only and does not constitute investment advice or recommendations. The trading or investment ideas presented here are for illustrative purposes only and are an integral part of a case study demonstrating the concepts of using volume to analyze or trade within the market scenarios discussed.
OANDA:SPX500USD
by AlexeyWolf