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Standardandpoor500

S&P: 0.618 Fib on 1M. Potential Support.The index aggressively crossed the 1W Channel Up to the downside last week (RSI = 36.642, MACD = -236.100, Highs/Lows = -527.9643, B/BP = -1241.7760) presenting the first such correction on S&P since March. I has however found support near the 0.618 Fibonacci retracement level on 1M (monthly). Also the Monthly Higher Low supporting line is just below, indicating that a strong support base and buying demand zone is present on a monthly basis (RSI = 45.274, MACD = 241.800). Our target in one month's time approximately is 2,878.00 with 2,807.75 the intermediate TP.
CME_MINI:ES1!Long
by InvestingScope
Higher Low on the 1W Channel Up made. Expecting a rebound.The index has completed a pull back on the long term 1W Channel Up (RSI = 59.796, MACD = 50.200, B/BP = 46.3920) by technically pricing its Higher Low (Highs/Lows = 0) near 2,875. The downside potential is limited. 1D should develop a new bullish leg/ Channel Up to test successively all the Resistance levels (2,910/ 2,930/ 2,947.75). Keep in mind that we have just entered the last economic quarter (Q4) of the year, where institutional investors take long positions for the end of the year rally. Our TP remains 2,960.
CME_MINI:ES1!Long
by InvestingScope
1
Pullback successful. New Higher High on sight.The 1D Channel Up (RSI = 64.273, MACD = 15.350, Highs/Lows = 11.000, B/BP = 26.8360) pulled back to the expected ~2,910 Higher Low and rebounded on a strong candle sequence. The uptrend is now strong on all levels (4H RSI = 61.057, Highs/Lows = 10.5536) and is moving towards at least a 2,947.75 ATH test with high chances of making a new Higher High near 2,966. Our TP remains 2,960. At the moment the 1W Channel Up, which signifies the long term bullish behavior of EURUSD, can potentially extend as high as 2,983.25 for a Higher High and is at the same time supported at 2,878.00 for a Higher Low (if printed we will add another long).
CME_MINI:ES1!Long
by InvestingScope
S&P UpdateCaution in the Market. I had posted about the S&P before as it was approaching the previous high at 286.75. It had been looking weak to me at the time... Now that we have broken that high many people would then be bullish at that point. But seeing the followthrough in the S&P has left much wanting. We have also seen some erratic behavior from some of the bigger names in the market. This could be seen as a harbinger warning sign. I erroneously called out bearish divergence before we printed a new high. Which, we have now printed and the divergence remains in the RSI. The Yello lines outline the ascending wedge pattern that we have remained within since my last post. Yesterday we broke below this pattern and are now testing it as resistance. If we fall from 291.54 then we can assume that the resistance is tested and confirmed and we should see a slow breakdown to 286.77 which was the prior high. If we get back within this pattern and blow through resistance then the pattern would still be intact. This could produce a little more short-term gains in the S&P. If I had to just throw out a number I would throw out 300 as a potential top, IF we confirm back within the falling wedge pattern. But falling wedge's typically broken to the downside. Stochastic RSI. On the daily we are in the oversold area which points to some price support in the short term possibly. But much more importantly on the Weekly Stoch RSI we have the opposite. We have been living in the overbought range for an extended period for of time, which tells me that price is storing up negative energy ready to sell at any point in time. The S&P does move much slower than crypto so its hard to tell you when things will be moving but i will also preface that with I do believe that the two markets are quite correlated. If you are in the Stock market and see Bitcoin dump like a truck then I would suggest you get out your longs on the stocks. I have a few channels that I have outlined from the historical price action. The blue lines and on the bigger channel we have the red lines. My final confirmation of breakdown is breaking below and closing a daily candle from our past high at 286.97
AMEX:SPYShort
by PipMiesterStronger
Target hit. Expecting a minor pullback.TP = 2,930 hit as the 1D Channel Up (RSI = 63.529, MACD = 18.870, Highs/Lows = 16.9464) rose to a new Higher High that even extended as high as the lower layer of the 2,947.75 - 2,966.75 Potential Higher High zone. Ahead of Wednesday's Fed Rate Decision, the index is expected to pull back and rebound after the statement. The potential bounce points are 2,927 and the Higher Lows on 1D = 2,910 and 1W = 2,878. We have a long ready on each of those Higher Lows. Our current TP is 2,960.
CME_MINI:ES1!Long
by InvestingScope
2
1D Channel Up continuation. Long.S&P honored the 2,865 Higher Low made last week and the 1D Channel Up (RSI = 63.296, MACD = 13.170, Highs/Lows = 3.3571, B/BP = 23.3900) rebounded above 2,910, in pursuit of the ATH benchmark. We decided to close the 2,878 long at 2,910 and secure this position and leave only one for the ultimate TP = 2,930. The potential Higher High of both the 1D Channel Up and the 1W Channel Up (next cross point) remains 2,966.75. This is where the next pull back is expected.
CME_MINI:ES1!Long
by InvestingScope
Pull back on 1D completed. Medium term long.The 1D Channel Up (RSI @ 54.372, MACD @ 11.990, Highs/Low @ -4.3929, B/BP = -7.3080) eventually pulled back to 2,865 to form a Higher Low. As mentioned on last week's analysis we have made an additional long at 2,878 and if required we will enter a second (and last one) on 2,850, where the last support on 1D is located. This is a natural technical pull back on a 1W basis (last 1W candle closed at -0.94%) following August's strong finish (three straight bullish weeks). Our TP is 2,930.
CME_MINI:ES1!Long
by InvestingScope
Targets hit. Channel Up intact. Long term buy.TP = 2,889.25 and 2,910 both hit as the 4H Channel Up (RSI = 56.683, MACD = 5.780) made a new Higher High at 2,917.50. Having now formed a new Higher Low at 2,891.75 (Highs/Lows = 0), the index is ready to reach our final TP of this weekly bullish leg = 2,930. This upside move is further strengthened by the 1D Channel Up (RSI = 66.763, MACD = 25.330, Highs/Lows = 14.9107, B/BP = 32.9300) that is aiming for a Higher High at 2,947.75 while the 1W Channel Up maxes out at 2,966.75 (both cases will lead to a correction). In case they pull back earlier to form a Higher Low, we will use 2,878 and 2,850 as additional buy entries.
CME_MINI:ES1!Long
by InvestingScope
Target hit. New bull cycle initiated. Long.TP = 2,873 hit as the 4H Channel Up aggressively moved (RSI = 70.757, overbought STOCH, STOCHRSI, Williams, Ultimate Oscillator) towards and broke the 2,878 all time high spot. Having reached a Higher High on the 1D Channel Up (Highs/Lows = 21.7500), near exhausting the High space of the Rising Wedge (overbought STOCH, STOCHRSI, Williams), the index has now created a new bull cycle on a quarterly basis. Since the all time highs broke, our target is now 2,889.25, which if crossed will start the new bullish leg of September and we will continue buying with TP = 2,930.
CME_MINI:ES1!Long
by InvestingScope
Approaching ATH. Cautious buying.Following a new Higher Low at 2,803, the index resumed the uptrend, creating a smaller 1D Channel Up (RSI = 62.251, MACD = 16.360, Highs/Lows = 9.9821, B/BP = 28.5480) that is technically looking to test the All Time Highs. This is where our last target of this bullish run on S&P is, which will complete our estimated buying quarterly cycle. Due to the importance of this spot, we will downgrade our TP to 2,873. If the ATH break then the small Channel Up will seek a Higher High extension at 2,889.25, which if crossed will start the new bullish leg of September to 2,930. In a different case, they will first seek a Higher Low (2,829.25 - 2,838.25) before retesting the ATH again.
CME_MINI:ES1!Long
by InvestingScope
Bull Market Beat-down 2019.. Tickets on sale NOW!I hate to say it.. I really do- but the S&P 500 has drawn some unwanted attention, and word on the street- it's cruisin’ for a bruisin’. Ever since the new administration took office we’ve seen the US Stock Market riding high ‘without a jacker in sight’.. I mean who is to blame? With current conditions thriving, the market is finally doing its job of gaging the overall environment of the US Economy for the first time in 20 years. Nonetheless, this 10-year bull rally will certainly go down in history as one of the greatest moments of US prosperity (some would disagree) but like the saying goes- the higher the climb the harder the fall. I personally don't believe this is how it MUST go down... After all parachutes do exist, right? However, it seems the US of A and the rest of the developed nations of the world are failing to learn from their past mistakes, but instead take their economies into dangerous territories resulting in the most catastrophic boom-bust cycles. With that being said, It should go without saying the next beat-down that's coming isn’t going to be pretty, and it might give the economy more than just a black-eye... More details to come.
SP:SPX
by gardua24
2
First support held. New Higher High ahead. Long.The 1D Channel Up (orange dotted parallel lines on RSI = 60.002, MACD = 15.140, Highs/Lows = 0.88036, B/BP = 28.2960) successfully tested its 1st potential rebound point at 2,791.75 as you can see on the first curve (blue). There is always a possibility to extend as low as 2,775 (2nd potential rebound point - second curve) and make a full Higher Low, but technically it has resumed the uptrend on 4H (Highs/Lows = 6.0357, ADX = 26.076) and should not look back. A new long has been added at 2,795 with TP = the 2,878.00 ATH, with the previous TP also intact = 2,854.75. An additional long will be added at 2,775 if needed.
CME_MINI:ES1!Long
by InvestingScope
1
Consolidation on 4H. Still a lower gap to fill. Short.S&P has entered a consolidation on 4H with a Rectangle (yellow box) dominating the trade since the 2,700 support was tested (neutral RSI, STOCH, Williams, CCI, Highs/Lows). 1D remains bearish (MACD = -3.140, B/BP = -27.8660) but since it is now on neutral RSI, Highs/Lows, the downside is limited to 2,683.75. We update the TP to 2,685. This means that the Channel Up on 1D is near its technical Higher Low and after 2,685 will crise to at least 2,785 again.
CME_MINI:ES1!Short
by InvestingScope
Bear Market Bounce? Descending Triangle Short TargetThe next leg down (when measured from peak to baseline) has us stopping right before we hit "bear market" territory. From the current high (open/close) a close beneath 2298.296 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this spot (not yet, anyways). I see two possible scenarios, the 1st is if the market caves fast and we begin the next leg immediately, the 2nd includes a possible bounce within the descending triangle formation before completion of the pattern. I would like to point out, that if there is a bounce at the 2440 area which retraces higher than 50% of the immediate fall, that would indicate a possible reversal due to the weakness of the pattern breakout. The latest I see this playing out by is mid-June, though it could happen at any time before then.
SP:SPXShort
by J-Streak
HOW TO MAKE MONEY WHEN ALL SPECULATORS ARE LOOSING First of all, this is a long-term investing style, if you are not that kind of person then it’s not for you. Let’s say you can spare $500 a month. By allowing dollar cost averaging into just 3 index funds, $300 into one that holds total US stock market, $100 into once that hold foreign stock market and $100 into one that hold US bonds – you can say you hold almost every investment in the world that’s worth owning. Every month you buy more If market has dropped your present investment now have more value, so now you buy more shares than before If market goes up your money buys you fewer shares By making this strictly disciplined investment at start of every month, you prevent your emotions from putting more money in market when market is very high ( and it’s very overvalued) and refusing to buy more after market has crashed and now ( things are cheap but for speculators now it’s risky) According to Ibbotson Associates, the leading finical research firm, if you invested $12,000 in s&p 500 stock index at beginning of SEP 1929, 10 years later you would have only $7224 left but if you started investing $100 every month then buy August 1939 you would have made $15,571. THAT’S THE POWER OF DISCiPLINE BUYING AND EVEN IN FACE OF GREAT DEPRESSION AND WORST BEAR MARKETS (2007). YOU CAN MAKE MONEY WHEN ALL OTHERS ARE LOSSING, PROVIDED THAT: 1. YOU INVEST IN INDEX FUNDS ( FOR DIVERSIFICATION) NEVER INVEST IN A SINGLE STOCK 2. YOU DO INVEST NO MATTER WHAT AT START OF EVERY MONTH 3. HAVE ATTITUDE TOWARDS MARKETS OF “I DON’T KNOW WHERE IT’S GOING AND I DON’T CARE” Reference: the intelligent investor by Benjamin graham www.booktopia.com.au
TVC:DJIEducation
by Wave-Expert
6