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Standardandpoors

S&P: Target hit, 1D Channel Up emerging. Long.TP = 2,807.75 hit while the index managed to keep the 0.618 1W Fibonacci level intact (2,703.50 on RSI = 46.971, MACD = 22.040), thereby successfully making a support level. 1D is now on Lower Highs trying to establish a Channel Up, which technically needs a Higher High above last week's 2,824.50 to be justified. 2,878.00 is the medium term target which should be accomplished half-way through November. Additional long opened with short-term TP = 2,820.
CME_MINI:ES1!Long
by InvestingScope
1
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
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
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
Important things to know after the S&P flash-crashJust 2 days ago I published about the very awaited correction in the S&P: Today the picture is even darker. This looks more like a flash-crash rather than a "correction". The most important things to know are: That a market correction could be just what investors need . This chart shows what tends to happen to markets after a big plunge in the Dow like this . Also check on the three events in the next 24 hours that could determine whether the sell-off continues . I updated my yolk and white graph to better describe what could happen next. Remember that while the long-term picture is positive, the sell-off could continue in the next hours or days. --- "Time is your friend; impulse is your enemy." - Jack Bogle
AMEX:SPYLong
by adelriosantiago
long above 2105 short below 2080 at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long side all time high short side around 1600 area would be kind of an ideal target for LONG time swing long !!
FX:SPX500
by jeanbaptiste.laurent.94
SPX500 mid to longterm SHORT bearish Cypher, longterm resistanceSPX500 mid to longterm SHORT bearish Cypher, longterm resistance In my scenario the SP500 and markets im general might shoot their last fireworks to have a final champagne party on Mario Draghi and the ECB 0% interest rate medication. However the longterm resistance line from May 2015 high is coming southwards, looking to meet our curve around 2080 levels with RSI and stochastics in the daily chart hinting at a possible deeper decline, with 1st support being seen in the red uptrendline from march 2009 lows and the 0.23 fib support at around 1785. Please see this information as a theoretic example and not a trade idea. Make your own analysis and plan your trade thoroughly and well-slept. If you find this information useful, please leave a LIKE or a FOLLOW! You can also find me on twitter: twitter.com
FX:SPX500Short
by SinatraFX
S&P Continues to show bearish pressure. Key 1920 line could failS&P still showing signs of bearish pressure. We've blasted through the 50/60 ema and are flirting with the 1920 which has been holding since mid 2014. Seeing a nice curve top which could indicate a downward move that may brake this line. Also showing MACD divergence. If this heads down to the 200/250 ema we may be in a full pull-back. Looking at the monthly and yearly charts we can see that we're probably do for a big pullback.
FX:SPX500Short
by krisr