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Standardandpoor500

SPX - Similarities in the volume structure between now and 2020 SPX has started to show several bullish developments over the past few days. First, there has been a breakout on four-hour and daily time frame charts. Second, the volume has been declining on the weekly chart, suggesting a decrease in the selling pressure over the past few weeks. As a result, we are turning increasingly bullish on SPX and NDX. In the short term, we remain neutral to bullish, until breakouts will be invalidated. But in the medium-term and long-term, we believe the U.S. indices will recover from the weakness and reach new all-time high values. Illustration 1.01 The bullish breakout can also be observed in the four-hour time frame chart; the occurrence increases the odds for SPX to continue higher. However, we will pay close attention to the price action in the following days. Failure of the price to move higher, followed by retracement below the trendline, will pose our bullish thesis to question. Technical analysis - daily time frame RSI reversed to the upside and is bullish. MACD started to flatten after a period of decline; it appears slightly above the midpoint. Stochastic is in the bearish area; however, it recently reversed to the upside. DM+ and DM- are produced bullish crossover, which signals the beginning of the bullish trend. However, ADX indicates that this trend lacks momentum at the moment. Overall, the daily time frame is bullish for SPX. Illustration 1.02 The chart above shows SPX in the weekly time frame. An increase in volume can be observed in the early stage of the selloff. However, since late January 2022, the volume has started to decrease. Technical analysis - weekly time frame RSI's bearish structure remains intact. MACD is neutral, and the same applies to Stochastic. DM+ and DM- show bearish conditions in the market. ADX's recent decline suggests the bearish trend of a higher degree has weakened. We will seek growth in price accompanied by a rising ADX to confirm the bullish bias. Overall, the weekly time frame is neutral. Although, it shows several bullish developments. Illustration 1.03 Illustration 1.03 portrays similarities in the volume structure between now and Covid 19 crash in 2020. 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 serve as 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
12
S&P500: Wall Street advances on earnings optimism | LONG 🔔Wall Street advances on earnings optimism, dovish rate rise remarks The three main Wall Street benchmarks had their best days in over a month on Tuesday, with the Nasdaq closing up 2.2%, as investors responded to positive earnings and dovish comments from two U.S. Federal Reserve officials on interest rate rises. Johnson & Johnson advanced 3.1% to a second record close in three sessions, as the drugmaker's quarterly profit exceeded market expectations and it raised its dividend payout. Of the first 49 companies in the S&P 500 index to report quarterly earnings, 79.6% have exceeded profit estimates, as per Refinitiv data. Typically, 66% beat estimates. "It certainly feels like every earnings season, especially since March 2020, is more important than the next, but particularly given where we sit in the economic cycle, the Fed's rate hike cycle, and the elevated inflation backdrop," said Max Grinacoff, equity derivatives strategist at BNP Paribas. International Business Machines Corp gained 2.4%, before ticking up a further 1.8% following its latest numbers report after market close. Meanwhile, Netflix Inc closed 3.2% up, before cratering 24% after the bell when it reported subscriber numbers had declined for the first time in a decade. The streaming company also forecast further losses in the second quarter. St. Louis Federal Reserve Bank President James Bullard on Monday repeated his case for increasing the rates to 3.5% by the end of the year to slow a 40-year-high inflation. He also said he did not rule out a 75 basis points rate hike. Stocks appeared to brush aside the remarks, and the main indexes rallied further in late afternoon trading after both Chicago Federal Reserve Bank President Charles Evans and Atlanta Federal Reserve Bank President Raphael Bostic offered more dovish comments. Bond yields continued their recent moves higher though. The 30-year yield exceeded 3% for the first time since April 2019, while the yield on the 10-year Treasury Inflation-Protected Securities (TIPS) turned positive for the first time since March 2020, the start of the coronavirus pandemic. "We typically assume higher yields should be beneficial for banks, but that correlation has broken down a bit and it's been the sectors most negatively-correlated to rising rates - which have actually rallied," said BNP's Grinacoff. The Dow Jones Industrial Average rose 499.51 points, or 1.45%, to 34,911.2, the S&P 500 gained 70.52 points, or 1.61%, to 4,462.21 and the Nasdaq Composite added 287.30 points, or 2.15%, to 13,619.66. The advances were the most by all three since March 16. Ten of the 11 major S&P subsectors were higher, led by consumer discretionary stocks. Among the best performers in the index were gaming companies, with Wynn Resorts Inc, Caesars Entertainment Inc and Penn National Gaming Inc gaining between 4.9% and 5.9%. Energy stocks fell 1% as oil prices tumbled 5.2% after the International Monetary Fund cut its growth forecasts for the global economy and warned of higher inflation. This year's rally in crude prices, which are still up around a third despite Tuesday's declines, helped Halliburton Co post an 85% rise in first-quarter adjusted profit as demand for its services and equipment increased. However, the oilfield services firm's shares were 0.8% lower, amid the wider slump in energy stocks. Meanwhile, Twitter Inc declined 4.7%. More private equity firms have expressed interest in participating in a deal for the micro blogging site, according to reports. Trading volume on U.S. exchanges was 10.53 billion shares, compared with the 11.67 billion average for the full session over the last 20 trading days. The S&P 500 posted 35 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 70 new highs and 333 new lows.
OANDA:SPX500USDLong
by FOREXN1
6
DOW JONES, Decisive Descending-Channel, Upcoming Determinations!Hello, Welcome to this analysis about the DOW JONES and the daily timeframe perspectives. Since the crucial bear market declines the Dow Jones has shown up within the recent times it is moving into a determining decision phase from where the further assessments and directions need to be waged now. Therefore it is necessary to look on the technical side of things and in this case the Dow Jones is now forming this main Descending-Channel-Formation as shown in my chart, within this Descending-Channel-Formation the Dow Jones has a coherent wave-count with the initial waves A and B already forming and now as the Dow Jones approaches the upper boundary of the formation this is likely to be the origin of a main wave C to the downside which will complete the whole wave-count and move into the final support-zone from where a possible back-up can happen. When this back-up is strong enough and the Dow Jones manages to reverse from there on this will lead to a possible major reversal once the Dow Jones settled above the upper boundary of the descending-channel-formation. Such a breakout will determine the final reversal-setup from where the Dow Jones is likely to move on forward. For now we should not rush into set conclusions rather it is necessary to keep appropriate patients before moving into the market because bearish pressure can still increase again, it will be a crucial development ahead. In this manner, thank you for watching the analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DJI
by VincePrince
7
SPX - Few bullish breakouts improve the picture for SPXSPX shows signs of improvements similar to the majority of other U.S. indices. Over the past few days, it started to develop relatively bullish structures on the daily time frame. At the same time, the weekly time frame started to turn neutral, and selling pressure in the market ceased. We are turning increasingly bullish on SPX. However, we are also very cautious and we keep watching price action very closely. We will look for any signs of potential exhaustion in SPX as well as in other major U.S. indices. Illustration 1.01 The chart above shows SPX in the daily time frame. It shows a bullish breakout above the resistance connecting major peaks throughout the recent correction. Additionally, SPX broke above two other resistance levels, particularly at 4 416.78 USD and 4 489.55 USD. These levels act now as support areas. Technical analysis - daily time frame RSI started to develop a bullish structure recently. However, over the past four days, it started to flatten and turn neutral. Stochastic oscillates in the bullish zone, however, it points to the downside. MACD is due to perform a bullish crossover which, if completed, would further bolster a bullish case for SPX. DM+ and DM- are bullish. ADX undergoes reset. Overall, the daily time frame is bullish. Technical analysis - weekly time frame RSI reversed to the upside which is bullish. Now we will watch whether it will manage to break its bearish structure (break above white line in Illustration 1.02). MACD and Stochastic are neutral. DM+ and DM- are bearish. ADX flattens. Overall, the weekly time frame is neutral. Illustration 1.02 The bearish RSI structure on the weekly time frame remains intact as is shown in Illustration 1.02. Support and resistance Please feel free to express your own 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 serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering a trade.
SP:SPXLong
by Tradersweekly
4
SPX - We expect more weakness ahead of the FOMCWe turn bearish on SPX as the FED meeting is less than a month away. We expect elevated volatility and weakness to continue ahead of the meeting. At the moment, we actually think it is very likely that weakness will remain persistent even after the FED meeting and interest rate hike. In our opinion, higher interest rates in the U.S. pose a substantial threat to further rise of SPX in short-term, medium-term as well as long-term. Our change of view is supported by recent failure of major U.S. indices to reverse to the upside. In addition to that, a change in technical indicators from neutral to bearish also supports our thesis. Because of that we would like to set a new short-term price target for SPX to 4 292 USD; we would also like to set a medium-term price target to 4 222 USD. Illustration 1.01 Picture above shows the daily chart of SPX and its RSI. We expect the price to reach a new low below 4 222.62 USD. Meanwhile we expect RSI to reach a higher low in comparison to its recent low on 27th January 2021 (which was equal approximately 24 points). Technical analysis - daily time frame RSI failed to break its medium-term bearish structure. Stochastic continues to decline which is bearish. MACD reversed to the downside which is bearish as well. DM+ and DM+ also show bearish conditions in the market. ADX shows relatively flat movement which reflects recent choppy price action in the SPX. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI continues to develop bearish structure. Same applies to MACD and Stochastic. DM+ and DM- are bearish too. ADX increases which suggests the prevailing trend is regaining momentum. Overall, the weekly time frame is bearish. Support and resistance Short-term support coincides with our short-term price target of 4 292 USD. Support 1 coincides with our medium-term price target of 4 222 USD. Short-term resistance lies at 4 595.31 USD and Resistance 1 sits at 4 748.83 USD. The major resistance level can be found at the all-time high value of 4 818.62 USD. Please feel free to express your own 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 serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
SP:SPXShort
by Tradersweekly
4
S&P500 | Price Action Analysis!Hi, Quite "interesting" times ahead, yes? Over a long period of time, I would like to paint a technical picture of the S&P 500, let's analyze it a bit. Lately, the price has printed some bearish signs and possibly it's not over yet but it depends on some breakouts. Let's start from the beginning. The first bearish sign came in after the 20th January Daily candle close. After that, the long-lasting higher highs and higher lows got broken. Later the fall continued, plus the price pushed it below EMA200 - also haven't seen it since the end of May 2020. So, technically we got that "alert" at end of January but let's look further. After the price of SPY traded some days below EMA200 it got a bullish volume from the previously worked support level but the volume wasn't strong enough to push it above the strong area around 4550. Another sign that bulls are weak - lower high was printed around 4550. Basically the current price of S&P trades between the two strong areas: resistance ~4550, support ~4300. S, if anybody searching for breakout possibilities then these levels should be on your watchlist. The price is approaching a lower price level and the overall short-term tendency is bearish so let's observe a support area around 4300 and what will happen if the Daily candle gets a close below 4.3k. A Daily candle close below the prementioned price level will activate a bearish shart pattern called Head & Shoulders. In general, I'm not the biggest fan of chart patterns but if I do analysis then I use them to get a bit more information from the market. So, it will trigger the bearish chart pattern (candle close below the H&S neckline), it will print a new lower low and the strong area has been broken. Considering H&S target (Target = from Head to the neckline, copy/paste, neckline to target - shown with white dotted lines), considering channel projection, considering the waves of AB=CD then it should be land around 4000. Inside the marked landing zone is also the 20% slump from the AHT. "Officially" the SP500 price is on the bearish market after it has seen at least 20% correction. Considering correction at the end of 2018, then it will also act as a support - bounced back up after a 20% drop from the top. SUMMARY: We have seen some bearish signs, a Daily candle below 4,3k will bring it more so be patient and if you want to enter in some certain stocks then do it partially. Do not put all-in in one price level because, as said previously, the times are interesting. If the price reaches around my shown landing zone then it would be great to start building your positions from there but still, be cautious! To end it with a positive tone in mind then a bullish breakout would be a Daily candle close above 4600 ;) Regards, Vaido
U
by VaidoVeek
1
AAPL analysisIt looks like NASDAQ:AAPL is trying to come back up to break and close above the green line .If it succeeds to do so , then there is a high probability that it reaches the (200-203) area with a possible continuation towards the 210 mark , depending on how the market behaves around the 200-203 area. (The market must act with bullish strength around the 200-203 area in order to continue up to the 210 ) In fact if the market succeeds to break and close above the 210 , it would be reasonable to aim for the 255 mark as a second target . On the other hand , if the attempt(s) to close above the green area fails , then the market might go down to the red area (155-157) which if broken , has a high probability to send price downwards to around the 137.5 .
NASDAQ:AAPL
by StockAnalystPro
Buy the bounce on the EMA 50Since february 2020 a green candle has been seen round 16 times on the top of the EMA50. For 13 times out of 16 SPY took +2.62% in the next 5 days. Sometimes much more on a longer period. In order to trade this pattern the best is to buy at the closing, and to put a close stop loss (something round 0.3%...). This kind of stop loss worked 12 times out of 13... The Risk/Reward is here very high.... I put a 4x leverage, and I bought IBUS500 at 4711 (stop-loss round 4697 (= -0.36%) ). Yesterday SPY bounced on the support, it was also a good idea to play it. Hope you done it. For the Nasdaq100 it widely crossed the support, and then came back. The best option was to wait the bounce, in order to avoid this whipsaw. Some bulls has been caught by their stop-loss. Hope you like this idea, I would be happy to talk about it.
AMEX:SPYLong
by Nicolas_Pradel
4
S&P500 Fall Time (Over Bought)Hi as we ca see we have a Bearish Divergence between Price and MACD which is a sign of trend reversal and retracement . we have Price Action analysis with FIbots and Divergences which is having Confluences with each other and it can be used as some certain levels and Targeting areas we have specified some levels as our targets and a time speculation indicator and it can be even earlier to the specified time in the time forecasted. there are lots of fundamental reasoning behind this market correction too we can point at some USA's political havocs and Biden's Impeachment and probably China's market war on US... please comment you ideas
UShort
by BitonGroup
2
SPX500USD ES1! SnP500 2021 Oct 04 WeekES1! SPX500USD ES1! SnP500 2021 Oct 04 Week Market exited the uptrend channel last week with conviction. On daily chart, two lower lows and 1 lower high now gives us a down channel = change in trend. Weekly: High volume ultra wide spread down bar close below halfway of bar = weakness Daily: Up bar closing off high = weakness Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Market returned to test a previous rotation and also UHV bar A and closed off high - weakness. Pink down channel also drawn in H4. Entry will be based on price reaction at these levels. Long (Test and Accept) | Short (Test and Reject) 4550 4530 4472 4455 - 4441 4415 4389 4367 4345 4260 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
S&P500 : NEW BULLISH IMPULSE COMING...The past represents the future... Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
OANDA:SPX500USDLong
by FOREXN1
6
Is S&P 500 guiding bitcoin atm?If the CME will test the orange trendline, there will be space for another temporary dip for BTC. All the indexes are down today (Nasdaq, Dow Jones, Russel). The difference from the last May dip is that in this case, we don't have FUD...instead we have good news like El Salvador Two days ago the pubblic Italian TV did a show talking about Bitcoin VS Banks. They had a very honest and precise narrative, and at the end the banks looked like monsters. Is the revolution more near?
CME_MINI:MES1!Short
by STOIOMA
Nonfarm-Payrolls expected effect on S&P500 (SPX) and EUR/USDDuring the last 10 months the correlation of surprises for ADP Nonfarm employment change and Nonfarm payrolls is positive (58%). This means that if we saw a negative ADP nonfarm employment change on Wednesday, we should see a negative nonfarm payroll today. This is however not certain. In fact, the February ADP came out with a -34% negative surprise while the NFP came out with a +108% positive surprise. The historical correlation of the nonfarm payrolls with the same day SPX return is around 6%. This is a non-significant positive correlation. On average, the SPX tend to register a positive return independently from the nonfarm payrolls report. For this reason, even if we are seeing a negative NFP figure today, the market is still probably gonna perform well. The average return of SPX on the NFP publication day is +0.48% (+0.80% if we exclude negative historical returns). Therefore, we expect a positive move with an accumulation in the $4450-$4470 area. Similar to the SPX, the EUR/USD cross tends to react positively to the NFP announcement in the 15/60 minutes period after the NFP announcement. In this respect, we expect a positive increase of around +15/+20 pips in the 15/60 minutes period after the NFP publication.
TVC:SPXLong
by CucabarraTrading