Get started

Standardandpoor500

SPX - Bear market rally on a horizont? After making a new low on 20th May 2022, SPX erased some of its losses and bounced back into the proximity of 4000 USD. Currently, it trades around the 3960 USD price tag. We continue to be bearish on SPX; however, after more than a month and a half of the selling in major U.S. indices, we are on the lookout for a possible bear market rally. Therefore, we will pay close attention to the sloped resistance indicated by the yellow dashed line. If SPX manages to break above it, then it might mark the start of the two-to-three-week bear market rally. Technical analysis - daily time frame MACD performed a bullish crossover; however, it still remains in the bearish territory. RSI and Stochastic point to the upside, which is bullish. DM+ and DM- show bearish conditions in the market. The ADX contains a relatively high value, suggesting peaking conditions or a very strong trend. Overall, the daily time frame is neutral/slightly bullish. Illustration 1.01 The picture above shows SPX's return to the channel. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. DM+ and DM- are also bearish. The ADX increases. Overall, the weekly time frame is bearish. 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:SPXShort
by Tradersweekly
6
Are we at a S&P market top? Big picture view suggests yes.This 2W candle looks like it marks a turning point in the stock market. I often use Heikin Ashi candles to see when trend reversals are happening on larger timeframes and we seem to be getting our first red candle since 2020. What's notable about this candle compared to the two that we had previously is that the body of it suggests a trend change and not a pause in momentum. If I had to take a guess on what happens here, it's that we find support at the blue line and move sideways for the next month until the next two week pivot at the end of October 2021. Then I think the market is likely to correct from November onwards. The trigger will be us losing support at the top blue line which will signal a further downfall. I'm exercising caution here and will likely be moving into cash over the next month or so. Of course, we'll have to see how the chart plays out with time and this is really just to provide a macro view. I've provided dates of key dates to watch on the charts and levels of support on the way down if we were to lose that top blue trend line as support.
AMEX:SPYShort
by benjihyam
1
S&P500 The 6M chart that helps us not lose perspectiveThe Standard and Poor's Index (S&P500 / SPX) has been on a strong correction these past roughly 6 months. For that reason, we present this analysis on the 6M time-frame, where every candle represents 6 months of price action. ** The RSI indicating where we are ** It is not a surprise that the current one is in deep red as its whole price action has been the aforementioned correction phase. The 6M RSI (pane below the chart) offers a valuable insight on where SPX may stand on the long-term as compared to the past mega-Cycles, which keep repeating throughout the history. ** Periods of recession ** As you see, the RSI broke below its MA trend-line (yellow line) for the first time since the first six months of 2012. Practically this was when the market confirmed the recovery from almost a decade long period of extreme uncertainty and volatility that was fueled by the two major crashes, the DotCom and the Subprime mortgage crisis. Historically, the last similar period was the roughly 10 years that followed the early 30s Great Depression. ** Same as in mid 50s ** Back to the RSI. The last time the indicator broke below its MA line, being that high (around 85.00) following the recovery from a Recession, was in the second half of 1957. Both are marked with a circle. The market posted only one red 6M candle and then steadily recovered. In fact as long as the 6M MA20 (green trend-line) was supporting, the index was making Higher Highs. Once it broke, it made a Lower Low and then after a Higher High, it broke even lower to touch the 6H MA50 (blue trend-line). That held and kickstarted a period of highly aggressive stock growth until the DotCom crash. ** The MA20 and MA50 being the multi-decade Support Zone ** Note that during both RSI breaks below the MA, the index has been way above the 6M MA20. In fact, the last time the index (almost) touched the 6M MA20 was during the March 2020 COVID crash. Notice how basically the MA20 and MA50 form the multi-decade Support (Buy) Zone since practically 1943. ** Conclusion ** This historic pattern suggests that if the current price action is modelled out of it, then the current correction shouldn't go past June and as long as the 6M MA20 holds, the S&P500 index is up for a sustainable decade of Higher Highs and Higher Lows where dips near the 6M MA20 will present buy opportunities. Do you agree with the above hypothesis or you think a new recession is ahead of us? Let me know in the comments section below. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
TVC:SPX
by TradingShot
16
SPX - Bearish like all other major U.S. indicesSimilarly, like in the case of QQQ, we also maintain a bearish notion on SPX. Our price target stays at 4 000 USD. Technical analysis - daily time frame RSI, MACD, and Stochastic are bearish. DM+ and DM- are bearish too. ADX paused a climb and dipped lower. The daily time frame structurally coincides with QQQ and is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. ADX increases, which indicates that the bearish trend is gaining strength. Overall, the weekly time frame is bearish. 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:SPXShort
by Tradersweekly
4
SPX - SPX is due to drift lowerWe continue to be bearish on SPX. Because of that, we would like to set a new short-term price target for SPX at 4100 USD. We would also like to set a medium-term price target of 4000 USD. Technical analysis - daily time frame RSI and MACD are bearish. Stochastic oscillates in the bearish area; however, it points to the upside. DM+ and DM- are bearish. ADX reflects a strong downtrend. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. ADX grows which is bearish. All this coincides with the condition observable in QQQ. Overall the weekly time frame is bearish. Illustration 1.01 Similarities in the condition of SPX and QQQ are detailed in the idea above. 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:SPXShort
by Tradersweekly
5
SPX - Volatility to wipe weak hands Yesterday, after the FED decision, SPX gained altogether with other major U.S. indices. Despite that, we kept our stance and did not abandon our bearish price targets. Indeed, we noted that the relief rally was in progress and that the abrupt move up reflected the market's fragility. Therefore, we continue to be bearish on SPX, and we expect it to form new lows in the short term. Our short-term price target is 4100 USD, and our medium-term price target is 4000 USD. Technical analysis - daily time frame RSI and MACD remain bearish. Stochastic points to the upside. DM+ and DM- also show bearish conditions in the market. Meanwhile, declining ADX reflects a recent pause in selling pressure. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. ADX indicates that the bearish trend is gaining strength. Overall, the weekly time frame is bearish. 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:SPXShort
by Tradersweekly
4
SPX - The selloff regains a momentumIn our last post on SPX, we were bullish after the bullish breakout from the rectangle pattern. We noted that we would pay close attention to the price action, and if retracement occurred, it would pose our bullish thesis to question. One day later, the breakout became invalidated; furthermore, the SPX fell more than 5% within two trading sessions. We are currently bearish on SPX, and we think it is likely for the SPX to test February 2022 lows in the short term. Illustration 1.01 The picture above shows the invalidation of the bullish breakout. Technical analysis - daily time frame RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX contains a low value. However, it started to increase on 21st April 2022. We will observe whether the price action will manifest more weakness in the following days; and if it will lead to the further rise of ADX. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. ADX shows a resumption in the bearish trend. Overall, the weekly time frame is bearish. 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:SPXShort
by Tradersweekly
7
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