SPX week preview - Positive accumulation week - Tension in AsiaSPX recovered quickly from last week’s flash correction on Monday. After such quick recoveries the market tends to accumulate in a slightly positive territory. The tension in the Asian market forces US capitals to move back to the US market. This movement will reinforce the USD currency and therefore weight a bit on the equity. The correlation between international markets will probably push US markets in a negative territory during Tuesday but this should not have a dramatic effect on the weekly performance. Our overview tends therefore to be quite neutral. Selling the 4325 put strike and buying back the 4320 seems an acceptable decision till the end of the week.
Standardandpoor500
SPX 500, Ascending-Wedge Developed, Bearish Declines Follow!Hello,
Welcome to this analysis about the S&P 500 Index, we are looking at the 4-hour timeframe perspectives. As I detected in my analysis the index has completed a decisive formation that will lie ground for further bearish continuations to the downside. On a broader scale, the index reached high values and moved into overbought conditions as money printing in history was never higher than it was in the last months it is a logical consequence that asset-price inflation results out of it besides this asset-price inflation there is also real consumer good inflation rolling on and accelerating especially in 2021 higher inflation rates are marked. Like most times the central banks and monetary policy does not look after these critical developments rather they continue printing money like never before, an important conclusion is a question of how long this will hold the main market to the upside which has fastly recovered since the corona breakdowns.
From the technical side when looking at my chart we can watch there how the index has formed this major ascending-wedge-formation marked with the black boundaries. Within this formation, the index has a coherent wave-count with the waves A to C already completed and after the finalization of wave C showed up with this heavy bearish declines moving below the lower boundary of the formation which completed the formation bearishly to the downside and activated the lower ascending-wedge-targets marked in my chart in blue within the 4062 level. For now, we can expect the confirmational breakout development below the lower boundary and especially below the 55-EMA in red to hold on which is the source of the further bearish continuations to the downside. Once the targets are reached it needs to be shown how the index reacts to them and if there is the possibility for stabilization because when this does not happen the index will continue bearishly in the bearish-continuation-zone below the targets.
In this manner, thank you for watching my analysis about USDCHF, great when you support it with a like and follow or comment for more market insight!
"The key to success is to focus on goals, not obstacles."
Information provided is only educational and should not be used to take action in the markets.
S&P Bounces Off Trend Channel... Again!Good news! We have another bounce today off the yearly trend line on $SPY. We've been tracking SPY and this trend channel for awhile and this has been our 6th bounce off the bottom of the channel! This trend channel has proven to be a good buy opportunity whenever we bounce off it, even though SPY has seem resistant at breaking new highs. I expect bullish momentum to continue forward as monetary policies remain the same after this weeks FOMC. Inflation is expected to rise but since interest rates remain low, it will continue to be a buyers market.
Something interesting to be looking for is next weeks Fed Balance Sheet report. There has been a high amount of cash sitting on sidelines which in turn compels high amounts of liquidity flowing into Fed reverse repurchases (Reverse Repo). If we see lower numbers on the next report, this means institutional money is flowing back into the markets.
SP500 for a new ATH? 🦐SP500 after last weeks retracement is now back pushing at the resistance level near to the market all-time high.
According to Plancton's strategy of the market will break above we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
S&P500:TRADING ANALYSIS - BULLISH CHANNEL WAITING NEW IMPULSE🔥Wall Street's major stock indices rose in early Wednesday trading as comments from Federal Reserve officials eased concerns about accelerating inflation and a decline in government bond yields supported big tech stocks. The S&P 500 Index rose 0.25% to 4,198.7 points.
S&P 500 in 1 d. 07 April 2021Probability 1. Consolidation between $3700 to $ 3900 to break the resistance of $4120 in the next months after June
Probability 2. break the last resistance of $ 4150 and go up to $ 4588 - $ 4700 while maintaining the price
Probability 3. Fall sharply and quickly to $ 3380 and if SPX 500 fails to consolidate at this price, the next drop is to $ 3180
spx---> stay caution, hold tight stay rightToday SPX formed a very bullish candle , usually these type of candle with out any wick are dangerous, dangerous because it doesnt tell anything much. This can be a bear trap or a short covering , but whatever the candle is i am expecting a pull back to the support level as mentioned in chart. This pull back can happen next week probably, we can see a green Monday but i believe Monday will be red . Market has got a good run this week and last week, so a pull back is expected
Remember there is a saying bulls dont last more than 3 days and bears 4 than 4 days, so be ready for few red days ahead
I think the best strategy will be to cover the longs and some stock will also provide buy the dip opportunity
I hope you are enjoying my analysis, ideas here are for entertainment and education these are not trading advice. Dont forget to like , follow me and check my other ideas
SPX--> did i told u all the future yesterday (check my charts)As you can see today SPX formed a engulfing green candle in beside red one. However nothing can be said as per now. If we look at technicals then spx is forming an ascending triangle pattern which if broken will lead to rally. I feel that market will consolidate around this level but asending triangle breakout will happen soon, . Market today went to 3997 and then selling started but overall it eneded in bullish candle which indicate bulls are still in control
There are 2 ways market can go either consolidate at this level and a bullish triangle breakout or a lillte bit advance each day till approx 4000 level.
Dont forget to check my other charts
Ideas are for education and entertainment not a trading advice
SPX--> bull should comeSPX today showed a hammer with gap down opening but in the end bull were able to take the market up. SPX is sitting on a support and since past 4 trading days it was tested. Today there was decreased volume but fall in price. I believe from here market should go up and we should see some few green candles. Also most of the big caps are waking up this should support upward movement.
Ideas for entertainment, they are not a trading advice
SPX---> watch the levelsSPX has shown a green doji today which ended near yesterday high, this is a bullish setup. I believe that today bears tried to bring market down but were not able to do it and bull has taken the control. Also there is good momentum as per momentum indicator . I believe market is ready to run to approx 4010.
Idea is for education and entertainment not a trading advice.
Best trading strategy can be a call credit around 4050 level with very recent expiration date.
4459 in Time . SP 500 3910 SP
4459 is first fib extension. Assuming the bounce from the .7 was enough to drive it there. Otherwise a retest of 3598 to 3398 is possible, with or without 4459.
Fundamentally, what the hell is going on in this world? Nothing makes sense. We're living in San Cliche. Up is down and left is right. Water still runs, follow the water. Looking at this as if it was a penny stonk, this looks bullish to me. So I'd be looking to hold and sell calls when nervous.