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Standardandpoors500

S&P500 Why the volatility shouldn't scare you.Five months ago (March 21, see chart below), we published a comparison analysis on the S&P500 index (SPX), warning of a medium-term correction but at the same time setting a long-term 6500 Target: As you can see, the fractal comparison of March 2024 with March 2017 worked very well and this is why the recent July - August correction shouldn't scare you. The 2022 - 2024 sequence continues to replicate to a solid degree the 2015 - 2017 period, which after holding both the 1W MA50 (blue trend-line) and testing and bouncing on the 1.786 Fibonacci extension, it rallied towards the 3.0 Fib. Check also how similar the 1W RSI sequences are within the two fractals. At the moment we are just past the RSI Double Bottom formation (August 14 2017 and August 05 2024 respectively), which should initiate a rally that will peak deep into the overbought zone in Q1 2025. As a result, our long-term Target of 6500 is intact, and as the title says, the volatility shouldn't scare you and make you diverge from the long-term goal and perspective. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
2
S&P500 This is how it will reach 6000.The S&P500 index (SPX) has recovered almost all of its losses since its July 16 All Time High (ATH), firmly establishing again itself above the 1D MA50 (blue trend-line), which is the usual short-term Support level during uptrends. The underlying pattern is a Channel Up and every time the index breaks above a former Resistance level (such as the current ATH), it consolidates for a few days and retests it as a Support, before starting the next wave of the Bullish Leg. As a result, we expect the index to break above 5670 soon and then turn sideways, sustained above it for 1-2 weeks. By the end of October we are targeting for a 6000 Higher High at the top of the long-term Channel Up pattern. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
2
S&P500 Inflation below 3% 1st time since 2021! Must the FED cut?The U.S. Consumer Price Index (CPI) was reported today below 3% for the first time since April 13 2021! This means that Inflation (red trend-line) is getting closer to the Fed's desired benchmark, coming in contrast with the fears of an economic slowdown last week. On today's S&P500 (SPX) analysis we examine the effect of an Inflation drop on the market. As you can see, the sudden drop on the Inflation Rate in mid-2022 was followed by a sideways trend in the past year (since July 2023). This is not the first time we see such consolidation after a strong decline. In fact, the most similar pattern to today's is the post August 2012 consolidation on Inflation. The similarities don't stop there. As this chart is our well-known 'S&P500 +10 year Cheatsheet' which we have published in the past and updated numerous times, we can see that the index has most likely entered the 2nd phase (green Rectangle) of its cyclical expansion (Channel Up), that tends to lead to a cooling Bear Phase in the form of a Megaphone. The current 1W RSI pattern is also similar to post 2013. As a result, we expect the index to resume the uptrend and even hit 6900 at least as it will be a +95.84% rise (similar to 2011 - 2014). Regarding the Fed, and whether or not they should cut the interest rates in September, we believe that this will be welcomed, especially on a 1 year basis, as it will stimulate the economy with inflation getting as close to the Fed's target as possible. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
10
S&P500 crashing. Will it benefit from a September RATE CUT??The S&P500 index (SPX, illustrated by the blue trend-line) has been under heavy selling pressure in the past 3 weeks and a September Fed Rate Cut is already priced at 95%. But will the index benefit from such action? A detailed look into the past 35 years of recorded Yield Curve (US10Y-US02Y) price action, shows that when it flattens and rebounds, the Fed steps in and cuts the interest rates (orange trend-line). As you see on that 1M chart though, this hasn't always been beneficial for stocks as especially for September 2007 and January 2001, it took place parallel to the Housing and Dotcom Crises. The Inflation Rate (black trend-line) however seems to be at a low level that is consistent with market bottoms and not tops. As a result, it appears that it is more likely we are in a curve reversal that is consistent with bull trend continuation for the stock market, after short-term corrections, in our opinion either post June 2019 (ignore the COVID crash, which is a once in 100 years non-technical event) or pre-2000. So to answer the original question, we believe there are more probabilities that a September rate cut will do more good to the stock market than harm. Just as a side-note, based on this chart, our sentiment is that the current AI-led rally will be similar to the internet rally of the mid-90s that eventually led to the Dotcom crash of 2000. Your thoughts? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
2
S&P500 Huge rebound on former 2year ChannelUp! New Highs coming!The S&P500 index (SPX) reached and held last week the top (Higher Highs trend-line) of the former 2-year Channel Up pattern that was the vessel of market recovery from the 2022 inflation crisis. The results of holding this line have been immediate as this week is so far deep into green and is about to recover all losses sustained from the previous 1W candle. At the same time it is a Higher Low on the (dashed) 9-month Channel Up. Those two developments open the way for a new mega-bullish pattern that has the Support of its former one. As long as the 1D MA100 (red trend-line) remains intact, we still look towards a new Higher High, targeting 6200, which may be a modest Target since it is quite below the +28.56% mark, which is the rise that the previous Bullish Leg had. So far all major long-term rallies since the October 2022 bottom have been around +30%. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
2
S&P500 Bottom of the 8-month Channel. Strong buy signal.The S&P50 index (SPX) broke on Wednesday below its 1D MA50 (blue trend-line) for the first time since May 06 and yesterday touched the bottom of the 8-month Channel Up pattern that started after the October 27 2024 market Low. Technically we are on the most optimal buy level on the medium-term and this is possibly the reason that the day has started on a bullish note. The 1D RSI is at the same time at 40.00 for the first time in 3 months, so slightly into the long-term Buy Zone. As long as the 1D MA100 (green trend-line) holds, we will be bullish, targeting 6200 (below a the +28.56% mark, which was the % rise of the previous Bullish Leg). If the price breaks below the 1D MA100, we will short up to the 1D MA200 (orange trend-line) where we will buy again heavily for the long-term (same Target). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
2
S&P500 The correction is over. Bullish trend intact.The S&P500 (SPX) has been rising steadily since our June 17 bullish break-out signal (see chart below) and despite this week's pull-back, the upward pattern remains unchanged: As long as it continues to be supported by the 1D MA50 (blue trend-line), we remain bullish with our Target intact at 5800, marginally below the 2.618 Fibonacci extension. On a side-note, observe the uncanny symmetry between the RSI structures of the Bullish Legs. We are now on a similar pull-back recovery formation as on the January 31 2024 and June 26 2023 short-term Lows. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
S&P500 Short-term buy signal.The S&P500 index (SPX) is just after the middle of the new Bullish Leg of the 3-month Channel Up, supported by both the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line). The Sine Waves have been very efficient at projecting the bottoms and tops (Higher Lows and Higher Highs respectively) throughout the pattern. Right now the index is approaching such a top and once the 4H RSI makes a Double Top, it will be time to take profit. Rough projection, we expect that to be around 5700 and that is our Target unless the RSI double tops earlier. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
S&P500 Seeking the 4H MA200 for buyersThe S&P500 index (SPX) got rejected at the top of the 2-month Channel Up that started on the April 19 bottom and is already below the 4H MA50 (blue trend-line). This is a sign of weakness for the short-term and based on the previous two times it did so, it might be accelerated. Technically, the market should seek the 4H MA200 (orange trend-line) as the Support, which is what took place on the previous Higher Low of the Channel Up on May 31. We are looking to turn bullish again close to the 4H MA200 and target 5650, which is not only at the top of the Channel Up but also below the 2.618 Fibonacci extension, which is where the previous two Higher Highs got priced. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
1
S&P500 targeting 5800 if this level breaks.The S&P500 index (SPX) recovered from April's correction and rebounded on the 1D MA50 (blue trend-line) during late May's consolidation, much faster than all previous corrective phases within the 1.5 year Channel Up pattern. This has resulted in the price testing again the top of that pattern, first time since April 01. So far it has been there but failed to break it 3 days in a row, which is an accelerating bearish signal and as long as it fails to break upwards, we expect another test (at least) of the 1D MA50. If it does break though, and since as mentioned this corrective phase has been faster and weaker than the previous, there are higher probabilities to do so, we expect a new (blue) short-term Channel Up to emerge. That would be similar to the previous 2 Bullish Legs of the long-term Channel Up, only this time it will break above it and take the index to a new dominant pattern. In any case, our medium-term Target on that occasion wil be 5800, even though on the long-term, we can see at least a +25% rise from the April 19 bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
2
SPY still bullish, holding both the 1D MA50 and MA100.Last time we looked at SPY (May 01, see chart below) we gave a strong buy signal following the 1D MA100 (green trend-line) bottom and we are already well into new All Time High territory: As you can see, the price hit the top of the short-term (dotted) Channel Up and pulled back to the 1D MA50 (blue trend-line) again. This inability to break above the Channel Up, leads us to believe that it will continue to be the dominant pattern, instead of the long-term (blue) Channel Up, and will dictate the price action higher but only gradually. Another test of the 1D MA100 is possible under those conditions that will allow for a smooth hit on our 555.00 long-term Target. If however the dashed line holds, it is possible to see an even more aggressive Channel Up materializing, in which case we will move our Target even higher at 580.00, in order to represent a Bullish Leg similar to January - February 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
AMEX:SPYLong
by TradingShot
1
S&P500 Short-term accumulation before strong rise.The S&P500 index (SPX) has turned sideways since practically May 16 and, supported by the 1D MA50 (blue trend-line), is consolidating. Even though this consolidation is taking place at the top of the 1.5 year Channel Up (Fibonacci 0.0 - 0.236 range), it is similar in some way to the accumulation of April - May 2023 (also a little like November - December 2023), which was again supported by the 1D MA50. As a result, as long as the price remains above the 1D MA100 (green trend-line), which provided the crucial Support on April 19 and started the recovery from the -6.65% decline, we expect a similar Channel Up to start when the accumulation ends. Our short-term Target is 5500 (top of 1.5 year Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
S&P500 Buy opportunity on 4H.The S&P500 index is recovering from the last Higher Low at the bottom of the Channel Up, which even broke below the 4H MA50 (blue trend-line) last Thursday for the first time since May 02. The 4H MACD is forming the first Bullish Cross since that very same date, which was also a recovery sequence after a bottom on the Channel Up pattern. Having also breached into the Ichimoku Cloud and rebounded, we expect a similar short-term rally towards the top (Higher Highs trend-line) of the Channel Up. That rally's first stop was on the 1.618 Fibonacci extension. As a result, our current Target is 5400 (marginally below the 1.618 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
S&P500 Short-term buy opportunityThe S&P500 (SPX) index gave us an excellent bottom buy signal on May 02 (see chart below) that comfortably hit our 5200 Target: The pattern that prevailed is a Channel Up, holding since the start of the month. As long as it is supported by the 4H MA50 (blue trend-line) and the 4H RSI Rectangle holds, we expect the current consolidation to give a similar 2.0 Fibonacci extension Target at 5370, such as the May 10 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
SPY gave us a solid sell. Is it still bearish?Last time we looked at SPY (April 11, see chart below), we got what we wanted, a break below the 1D MA50 (blue trend-line) that met our exact bearish expectation which was a -5.93% decline, absolutely symmetrical with August 18 2023: As the subsequent rebound got rejected on the 1D MA50 (blue trend-line on the chart above), the question is the following: Is SPY still bearish? Technically, yes as long as it closes weekly (1W) candles below the 1D MA50. But at the same time, being supported on the 1D MA100 (green trend-line on the chart above), keeps short term neutral/ ranged thus the expectations for a bullish break-out live. But it has to close above the 1D MA50 to confirm that. As you can see, a comparison with recovery patterns following systemic Cycle corrections like the one in 2022, offers valuable conclusions. Basically, since the 2009 bottom of the U.S. Housing Crisis, the three major corrections of the current Cycle, have followed similar patterns (2011 - 2013, 2015 - 2017 and 2022 - 2024). The key common characteristic is that the 1W MA50 (red trend-line) has been the major Support. After two pull-backs that hit the 1W MA50 straight after the correction's bottom, both the 2011 - 2013 and 2015 - 2017 fractals made a smaller pull-back (green Rectangle) that hit the 1D MA100. It appears that this is where the index is currently at. If this correlation continues to hold and the index won't dive further to the 1W MA50, it might hit the 2.0 Fibonacci extension as its first Target, which is what the other two fractals aimed at. That is at 555.00. Notice also the similarities between the 1W RSI patterns. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
AMEX:SPY
by TradingShot
1
S&P500 Quick buy trade.The S&P500 is approaching the 1D MA50 (red trend-line) to test it as a Resistance for the first time after the April 15 bearish break-out. It has already broken above the Bearish Megaphone, the 4H RSI has formed a Channel Up similar to the price action's and so far this sequence of events is fairly identical to the previous correction of August 2023. That sequence almost touched the 0.786 Fibonacci retracement level before pulling back again, so we have ourselves a solid short-term bullish target. In fact we are placing ours a little lower at 5150, which represents a +4.70% rise from the bottom as that is not only the % rise that the August 2023 rebound returned but will also make contact with the 4H MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
1
S&P500 Dead-cat-bounce before one last bottom?Our last call on the S&P500 (SPX) couldn't have gone better as the Bearish Megaphone pattern we expected (April 05, see chart below) was eventually materialized and easily hit on Tuesday our 5050 Target: At the moment the index is below the 1D MA50 (blue trend-line), which has been the main Support since November 03 2023 and is headed towards the 1D MA100 (green trend-line) above which the last two main Bearish Legs of the 19-month Channel Up made their first Dead-cat-bounce (March 02 and August 18 2023). As long as this dead-cat-bounce is contained below the 0.786 Fibonacci retracement level, we see more likely one last corrective wave towards Support 1 and close to the 1D MA200 (orange trend-line). As long as at the time the 1D RSI is on its Support Zone, we will buy for the long-term and target the top of the 19-month Channel Up at 5400. If the price breaks above the 0.786, we will have a pattern invalidation and buy the break-out instead, targeting again 5400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
1
SPY All eyes on the 1D MA50. Will it hold?SPY broke below the (blue) Channel Up and the only Support standing now is the 1D MA50 (blue trend-line). This level has been holding since the November 03 2023 break-out. If it holds, a new pattern will emerge but the medium-term bullish trend will stay intact. If the 1D MA50 breaks though, we expect a bearish extension similar to August 15 2023, February 24 2023 and December 16 2022. As you can see those 1D MA50 bearish break-outs coincided with the 1D CCI breaking below the -100.00 oversold barrier. This is the level that the CCI is at today. As a result, once the 1D MA50 breaks, we expect further decline towards the 1D MA100 (green trend-line). The shortest decline among the pull-backs mentioned above has been -5.93%. This gives us a rough estimate of 495.00. That would be the most optimal buy entry for the long-term. Our Target by the end of May will be 524.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
AMEX:SPY
by TradingShot
1
S&P500 Bull Cycle intact. 100 year long Blueprint revealed!A lot of talk is being done lately on whether the S&P500 index (SPX) has maxed now that it made new All Time Highs (ATH) or it is in need of a strong correction etc. Those who have been following us for long here, know that in times like this, we like to keep a long-term perspective and give you the picture unfiltered with the facts only. Along those lines, we present you the S&P's Cycle Analysis on a century wide scale. As you can see, since the Great Depression, the stock market started to creat a pattern with clear systemic behaviors. Each time there are fundamentals involved that merely serve as 'reasons' to fill out and complete this pattern. Following the 1932 Great Depression bottom, the 1st Secular Bull Cycle begun, that lasted for 28.5 years (343 months) rising by +1888%. Then the Secular Bear Cycle started in the form of a Megaphone pattern. Its 1st Low was formed below the 1M MA100 (green trend-line) and the 2nd Low (the Cycle's bottom) was formed below the 1M MA200 (orange trend-line). The 2nd Secular Bull Cycle lasted for almost 26 years (311 months) and saw +2361% growth. As per our blueprint, the Secular Bear Cycle was initiated once the 1M MA50 (blue trend-line) broke. Again the 1st Low was formed below the 1M MA100 and the 2nd Low below the 1M MA200. With regards to the current Cycle, which is what most are interested at naturally, notice how the 1M MA50 has been supporting since late 2011. It emphatically held both on the September 2022 Low (Inflation crisis bottom) and the March 2020 Low (COVID crash bottom). This indicates again that as long as it supports, the Secular Bull Cycle will be extended. Based on the previous Cycle-to-Cycle parameters the model suggests that the current Cycle should be a little than 23 years long (279 months, i.e. 32 month shorter than the previous) and rise by +2834% (+473% higher than the previous). This may all be speculation theoretically but trends that keep repeating themselves over the decades are not. Technically those filter out all news, fundamentals, geopolitical, macroeconomical noise and give rise to a pure behavioral perspective, the essence of traditional Economics. Are you willing to bet against this blueprint? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
8
S&P500 hit the 4H MA200 after 5 months!The S&P500 index (SPX) came extremely close to hitting the 4H MA200 (orange trend-line) yesterday for the first time in 5 months (since November 02 2023)! As you realize, this is a key Support for the uptrend and the Channel Up in particular, which has been the dominant pattern these months to drive the index to High after High. The fact that the price is rebounding upon this 4H MA200 test, keeps the trend bullish. If it breaks above the 4H MA50 (blue trend-line) again, we will continue buying and target 5350, which will be a little less than a +4.35% rise from yesterday's bottom. As you can see on the chart, rallies to Higher Highs between +4.35% and +5.00% have been the standard within this pattern. If on the other hand, the index closes a 4H candle below the 4H MA200, we will turn bearish on the break-out, first targeting the 1D MA50 (red trend-line) and if also broken, extend to 5050 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
BITCOIN immediate target is 78k based on this SPX fractal.Bitcoin (BTCUSD) is currently repeating on its 4H time-frame a fractal of S&P500 (SPX) on its 1W time-frame. As BTC is pulling back towards the 4H MA50 (blue trend-line) and a Bullish Cross is about to be formed, the symmetric development on the S&P500 fractal indicates that this Bullish Cross should be treated as a Buy Signal. On S&P500 it started the aggressive rally that the market is currently still on. As you can see, both fractals started with a Bearish Megaphone after their respective tops, hit and held their MA200 (orange trend-line), while a MA50/ MA100 Bearish Cross marked the Bottom. The Channel Up that emerged led the recovery. From an RSI perspective a similar Channel Up took both to the overbought territory after an oversold Double Bottom, which was an additional Buy Signal. As a result, for BTC we are now on the 0.786 rejection phase and after this pull-back is completed, the S&P500 fractal suggests that the target should be just shy off the 1.382 Fibonacci extension. We therefore have $78000 as our immediate Target. Do you think it can be achieved on such a short period of time? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
3
S&P500 History may not repeat itself, but it does often rhyme.In the infamous words of Mark Twain, we are analyzing today the S&P500 index (SPX) on the long-term 1W time-frame. This is a cyclical perspective obviously, attempting to find similarities between past and present price action, in anticipation of projecting the trend in the near future. As you can see, the index is replicating quite closely the 1W price action from June 2015 to (so far) March 2017. The 1W RSI Bullish Divergence led to a Bear Cycle bottom on the 1W MA200 (orange trend-line), then Rally 1 and first consolidation on the 1W MA50 (blue trend-line) before the Bull Flag (dotted Channel Down) that led to Rally 2. Based on the overbought 1W RSI, it appears that the index may entering a short-term pull-back period. If it continues to follow that pattern this closely, don't expect that pull-back to be considerably greater than -3.15%. Technically if the 1W RSI breaks below its MA (yellow trend-line), it will be time to start buying again for Rally 3. By early 2025, it should be closer to the 3.0 Fibonacci extension, which gives us a rough target for our buying at 6500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
1
S&P500 Testing the 4H MA50. Rejection or bullish breakout again?The S&P500 (SPX) broke on Friday below the 4H MA50 (blue trend-line), which isn't yet a bearish confirmation as it has done so numerous time within December's Channel Up pattern. What would be a sell signal though, is getting rejected and fail to close a 4H candle above the 4H MA50 again. We will then look for the 4H MA200 (orange trend-line) and target Support 1 at 5050, where the 0.236 Fibonacci retracement level along with the 1D MA50 (red trend-line) will provide the first Zone of Support for the short-term. If however the index does close a 4H candle above the 4H MA50, then the Channel Up pattern should continue and in that case we will buy and target 5185 (Resistance). Note though that the 4H RSI is trading within a Channel Down since the February 23 High, almost 1 month, which is a major Bearish Divergence against the price's Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
1