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Standardandpoor500

SP500 ultra longterm view: Where are we headed?Here is the yearly chart of the SP500. This is now really ultra longterm. But in order to find out what would happen in the case of a recession, it is really useful to look at such long timeframes. We see that in the past, the middle yearly Bollinger Band always provided support. Even in the insane crash of 29 and the following recession, it went briefly below the middle Bband, but bounced back, and oscillated around the Bband for over 10 years. In 2008 it also went below the Bband briefly, but bounced back again, the middle Bband again providing good support. This time, the same will probably happen. We might see a dip down as low as 1300, in the extreme case, stabilizing around 1500-1700, and then a period of recession for around 2 years. Then afterwards resuming of the bullmarket. This is of course only valid should we really now get into a recession. If suddenly by some miracle the virus crisis is over faster than we think, then of course also the stockmarket will improve quite fast again, and this will end up being more like the 1987 crash, where we had a quite fast recovery, and not like 2008. We have to wait and see how the global situation will develop now globally.
SP:SPXShort
by SebastianofMoon
4
S&P500: Should cross the 1D MA200 to avoid a new Low.Despite this week's rebound on Friday's 2,855 low (a level which was the 1W Support also made by the October 3rd 2019 low), S&P failed to break the 1D MA200 so far with the 1D chart remaining under pressure (RSI = 38.384, MACD = -75.790, ADX = 49.730). That is despite the fact that the Federal Reserve announced a rate cut yesterday, with the index pulling back within the 0.5 - 0.618 Fibonacci zone. The current price action is similar so far to the late 2018 sell-off. The price failed to cross the 1D MA200 on three occasions and a Death Cross (MA50 crossing below the MA200) was formed that led to the December 2018 low. It becomes obvious that SPX should break above the 1D MA200 in order to avoid a similar death spiral as investors will surely lose confidence that even traditional saving mechanisms like rate cuts are unable to provide relief on the stock market. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:SPX
by InvestingScope
4
S&P: Testing the 3-month low. Long term Buy opportunity.Both short and long term targets have been hit on SPX as shown on the following charts: At the moment we are focusing on the longer term timeframes and on 1D in particular (which is oversold almost with RSI = 27.611, MACD = -19.380, ADX = 32.416, Highs/Lows = -170.9777). Our point of interest is the long term Channel Up that S&P500 has been trading on since the start of 2019. Right now we see that the index is testing the 3,070 Support which was created by the December 3rd low (this is also the Higher Low of the Channel Up). This is a 3 month Support Zone and last time a 3-month Support Zone was tested inside this Channel Up, it held and initiated a rebound to a new High. That was in June 2019 as you see on the chart. Notice also how the RSI patterns are identical and in fact the RSI is on the 27.500 August 2019 Support. This is the most optimal buy opportunity for us on the long term. Our Target Zone is 3,400 - 3,450. See how accurate SPX long term levels are, and in particular this long term Channel Up in determining accurate buy/ sell entries: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:SPXLong
by InvestingScope
7
SPX: Attention needed. -6% possible if this condition is met.S&P has been trading inside a 4H Channel Up (RSI = 50.132, MACD = 13.590, ADX = 48.232) with the 4H MA50 (blue line) supporting. The negative fundamentals (China virus, disappointing earnings) ahead of the Fed Interest Rate Decision this Wednesday, can make investors sell initially (and ask questions later). There is a strong break out level to consider and that is the 3,230 Support. Even if the Channel Up breaks lower, if that Support level holds, then the uptrend can be extended. If however 3,230 breaks, then selling make escalate to a -6.80% drop, similar to the one in July 31st - August 5th 2019. The RSI pattern has certain top making similarities. If that condition is met, then we will set a downside Target Zone of 3,130 - 3,110. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
SP:SPXShort
by InvestingScope
3
S&P 500: Santa Claus RallyHello everybody! PrimeXBT is here again with another technical analysis breakdown, and today we are taking a look at Standard and Poor's 500 Index. News and Fundamental Analysis: While the Asian markets are currently subdued, Wall Street is caught within a firm and unwavering uptrend. The S&P 500 hit a sixth consecutive high on Thursday — its longest streak since January 2018 — and it closed at a record high along with the Nasdaq and the Dow Jones. On the other hand, investors still do not understand what is included in the “Phase 1” of the trade agreement between China and the United States. Overall, this is a worrying sign that the US economy may be slowing down again at a time when the Fed has stopped its monetary policy softening. It should be noted that such signals act as a leading indicator of business cycles, and therefore market players usually pay close attention to them, but not now. Technical Analysis: Currently, SPX is hitting strong resistance that’s coming from 1.618% Fibonacci — which is a resistance level. The price action combined with the Relative Strength Index is staying strong, but BTC has formed a bearish divergence, which often indicates that a trend reversal is forming from bullish to bearish, and a downtrend or valuation adjustment could soon follow. Such price action was seen in May of 2015 . Once the price reaches the resistance level, a rejection could cause a fall to 1.272% Fibonacci which is our support level. Support level: 3100 Resistance level: 3300 Day's range: 3192.3 — 3205.5 Be careful though, don't forget about capital & risk management. Keep an eye out for more PrimeXBT trading signals for SPX and other assets.
TVC:SPX
by PrimeXBT
3
S&P500: Attention. 4H Death Cross emerging.SPX is currently on the wrong foot again as last week's quick recovery on the impressive Nonfarm Payrolls is proving to be too unstable. The index is well within the multi month 1W Channel Up (RSI = 64.964, MACD = 69.900, Highs/Lows = 55.7180) but as it trades on the Higher High trend line, a medium term pull back for a Higher Low is technically justified. The first Signal on this could be the emerging Death Cross formation on 4H. When then very same pattern was formed (August 5th and May 13th) during the two previous Higher Highs of the multi month Channel Up, S&P was either on the new Higher Low (bottom) or halfway to it. It is obvious then that traders position themselves before this formation takes place and currently it is emerging. Each decline was roughly -8%, so we've set a Target Zone of 2,910 - 2,950. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Short
by InvestingScope
1
SPY EOY ForecastI think a leg to the 320 area or back down to the 303 area on the SPY are likely. Personally I have a bias towards the 320 side as we approach the anticipated completion of the US/China trade deal. Whether we actually get the deal or not is a coin flip in my opinion but I do expect the market to continue rising in anticipation. If it falls through then we will very likely see 303 and possibly lower and if we get confirmation of a deal (and it's a good one) we will likely print 320 and beyond in early 2020.
AMEX:SPY
by BrownBearTrades
2
S&P 500 BULL MARKET OVER?This chart would suggest we are very close to a complete and utter collapse in stocks. The rising bearish wedge pattern indicates when something is far overbought and usually corrects dramatically to the lower side, usually caused by some sort of catalyst. The Fed losing control of REPO may be that catalyst or may be just the start of something even more dramatic. Either way it's not looking good for stocks and it would be sensible to be reducing your position and possibly going short.
TVC:SPXShort
by WinstonWolfe
SP500 - Bounced back from 2940 resistance and broke the supportOngoing US - China trade wars are still holding economies of the two countries and as major players these two have shown the effect of their poke-game in global markets. SPX has started this year very optimistically showing newer records and higher-highs and still more higher points to come. Unbelievabale isn't it? Despite rumors of the US is one step away from an economic recession. US Non-farm Payrolls and unemployment rates are at the 50yr lowest rate, however the economy has show some interesting numbers. Such as: - US-companies show the lowest net income - Manufacturing PMI is showing weak performance of the last 2 years - US quarterly growth is down by 2% - US Bonds are still in the negative yields All of the above display difficult times in the US and Global economy. September, as a matter of fact, shows positive rates in exchanges, however upcoming Brexit may also turn markets upside down. From the technical view the price has tested the 2940 resistance level and bounced back to test the 2826 to gain power and jump back, or will it? Nevertheless upcoming supports for SP500 are 2850-2800, 2745 and 2700. If the FED approves another rate cut which Trump is eager to get, and there are improvements in US-China negotiations regarding the "trade war" they have conduceted, the SPX will hop to 3000 and higher. On other hands if all remains "as is" we shall see a regression of the trend and the price to test support after support and plummet to 2700, especially by the end of September. Support 1 - 2850 Support 2 - 2800 Resistance 1 - 2940 Resistance 2 - 3000 Good luck everyone! That was another market review from us, hope you enjoyed it! If you did, hit the like button. Follow us to see more market overviews!
TVC:SPX
by PrimeXBT
1