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US500 Buyers In Panic! SELL! My dear subscribers , This is my opinion on the US500 next move: The price is coiling around a solid key level - 4467.9 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 4441.2 My Stop Loss - 4483.2 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
CAPITALCOM:US500Short
by AnabelSignals
3
S&P500 Still bearish unless the 4H MA50 breaks.The S&P500 index (SPX) is within a corrective wave in the form of a Channel Down, which may have found a Support on the 4H MA200 (orange trend-line) but as long as it trades below the 4H MA50 (blue trend-line), it remains bearish. As a result our target is 4430 on a potential contact with the 1D MA50 (red trend-line). If however it closes a 4H candle above the 4H MA50, we will buy instead and target 4600 (just below Resistance 1). The 4H RSI Higher Lows (which is a bullish divergence in contrast to the Lower Lows of the Channel Down), favor this scenario. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Short
by TradingShot
1
A traders’ weekly playbook – inflation takes centre stage againAfter a solid tightening of financial conditions over the week we watch to see if the negative tone spills over into the new trading week. On the week, the NAS100 fell close to 3%, with Apple closing below its 50-day MA; a factor that had been acting as a solid trend filter since late January. Instead of buying dips, could we be looking at selling rallies now in Apple, which in turn, could change the structure of equity index? The US500 eyes channel support, and its own 50-day MA – we see equity volatility on the rise, with the VIX into 17% - a close above 20% would be welcomed by most day traders and would almost certainly open better shorting opportunities for those happy to trade a two-way price. EU equity has fared slightly worse, with the GER40 -3.1% for the week. We start the week with a modest downside skew in the risk for equity. We saw big volatility in 10 and 30-year US Treasuries, largely as a function of additional supply that the private sector will be asked to take down over the coming quarters. The USD benefited from higher long-end Treasury yields, although after Friday's reversal in 10yr Treasury yields I now see modest downside risk in the USD – that said, any sell-down in the USD should be modest. The AUD remains the weak link in G10 FX – I am biased for EURAUD higher, and AUDCHF lower, but would be selling rallies in the latter. China’s data flow this week matters for the AUD, and if USDCNH can squeeze higher it will help push the Aussie lower. Gold printed a bullish outside day on Friday, and those long will be hoping for a squeeze through $1946.74 for a rally into $1966, possibly even $1981. Crude looks well supported, and a test of $83.46 looks likely. US CPI remains the marquee risk this week and there are some signs the risk is for an above-consensus print, which would not be taken well by risk assets – if bond and rates volatility can lift because of the CPI print, then it will spill into increased movement in equity, FX and commodity markets and affect our trading environment. Expect the unexpected and keep an open mind – it will serve you well in these markets. The marquee event risks for traders to navigate: US CPI (10 Aug 22:30 AEST) – The marquee event risk of the week. The market looks for both headline and core CPI inflation to increase by 0.2% MoM and one can assume a range of 0.15% to 0.30% MoM as a guide as to how the USD could react to the data. The year-over-year (YoY) pace is eyed at 3.3% (up from 3%) for headline CPI and 4.8% (unchanged) for core CPI, respectively. The market should pay more attention to the MoM metric, with used vehicles and airfares likely to weigh on the basket. Core services are expected to rise 0.34% MoM and could influence the USD and risky assets. By way of a guide, the Cleveland Fed Nowcast model estimates core CPI coming in at 0.4% MoM, which is above consensus and if correct should see the USD trade higher. It would likely see expectations of a hike from the Fed in November priced closer to 50% (currently 30%). China CPI/PPI inflation (9 Aug 11:30 AEST) – the consensus is we see China’s CPI print pull into outright deflation, with consensus expectations set at -0.5% YoY. PPI inflation is expected to print -4%, which is a slight improvement from the -5.4% seen in the June data. USDCNH will be the FX cross to watch, and a break of trend resistance could see 7.2500 come into play, which would support the USD vs other FX pairs. US PPI (11 Aug 22:30 AEST) – coming a day after US CPI, the market sees PPI inflation at 0.7% YoY (from 0.1%) and core PPI at 2.3% YoY (2.4%). The outcome could shape expectations of the core PCE deflator inflation print due on 31 Aug. Mexico central bank (Banxico) meeting (11 Aug 05:00 AEST) – all 20 economists surveyed by Bloomberg see rates on hold at 11.25% - the CPI print could influence expectations here. Mexico CPI (9 Aug 22:00 AEST) – the market sees the July headline CPI inflation coming in at 4.78% (from 5.06%) and core CPI at 6.66% (6.89%). With some 177bp of cuts priced into Mexican rates markets over the coming 12 months, a weaker CPI print could further increase these expectations and see USDMXN break key resistance at 17.4000. Japan Labor cash earnings (8 Aug 09:30 AEST) – the market sees wages increasing 3% (from 2.9%) – there is the possibility of JPY volatility on this data point, especially if the 10yr Japan govt bond (JGBs) rises above 75bp – however, unless it’s a blowout number I would have no issues holding JPY or JPN225 exposures over this data point. The consensus view is Japan should start to see more aggressive disinflation through late 2023 and into 2024. Japan BoJ Summary of Opinions (7 Aug 09:50 AEST) – essentially these are the minutes from the recent BoJ meeting, where we saw the BoJ allowing some increased flexibility in YCC, placing a new hard cap at 1% for the 10yr JGB - we will explore how close the decision was. It’s hard to see this really moving the JPY, but it is an event risk for JPY traders. China trade balance – I have little concern about holding exposures over this data point and the market has no confidence in forecasting China trade numbers, and so we seldom see much initial reaction. This time around the market sees a FWB:68B trade surplus, with imports expected to fall 5.5%, while exports are eyed down 12.6% - again, watch the reaction in the CNH, as the yuan will likely drive the AUD and NZD. China new yuan loans and M2 money supply (no set time through the week) – given there is no set date or time for this data this is not one to position for. After last month's blowout loan figure of CNY3049b, the market expects moderation in credit at $755b and M2 money supply at 11%. Market pricing on rate expectations – what’s priced and the step up/down per future bank meeting Corporate Earnings Australia – on the week we hear from companies such as QBE (10 Aug), Newcrest (11 Aug) and CBA (9 Aug), with CBA the ASX200 stock to watch. The share price has pulled back 5% from $107.09 since 27 July, underperforming the broader ASX200 in the process. This time around. the market implies a 2.7% move on the day of reporting so it could get lively for traders of both CBA and the AUS200 (given the influence CBA could have on the financial sector). The consensus is we see 2H23 cash earnings of $5.014b, paying out a dividend of $2.22. We look closely at CBAs Net Interest Margins (NIM), with the market seeing NIM at 2.02% (-8bp from 1H23). Guidance on margins will be key, with deposit competition heating up and higher wholesale funding impacting. We look out for intel and guidance on asset quality, volumes, and it’s capital position. Any outlook in the report or the earnings call on RBA policy, demand for loans and any views on the economy could move the dial. HK – Alibaba (10 Aug) – Alibaba hit us with Q1 earnings and the second biggest weighting in the HK50 will be hoping the share price breaks back above HK$ 100 – can the commerce giant make it 5 quarters in a row where they rally on the day of earnings? The market is pricing (through options pricing) a 5% move on the day, so it could get lively. US – Berkshire Hathaway, UPS, Walt Disney, Nvidia (23 Aug) Germany – Siemens, Bayer Central bank speakers Fed – Bostic *2, Bowman *2, Harker*2 BoE – Huw Pill (8 Aug 02:00 AEST) RBA – Schwatz speaks (8 Aug 09:05)
PEPPERSTONE:US500
by Pepperstone
S&P500 Near the short term top. Sell.Apart from the long term Channel Up since March, S&P500 is trading inside a short term one in the last 10 days. This is much alike the one in April. Both started after a +4.70% rise. Eventually the April fractal pulled back to the 0.5 Fibonacci level and the MA200 (4h). Trading Plan: 1. Sell on the current market price or as close to the Channel as possible. Targets: 1. 4500 (0.5 Fibonacci level and expected course of the MA200 4h). Tips: 1. The (4h) RSI is also forming the same Channel Down pattern as April. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Short
by TradingBrokersView
5
Uncertainty spreads among investors as they await more dataIn the aftermath of the latest Federal Reserve (FED) meeting and subsequent 25 basis points rate hike, SPX has been experiencing fluctuating price action, oscillating primarily between $4,520 and $4,600. This range-bound activity could indicate investors’ caution as they grapple with the implications of the FED's policy changes and monitor the incoming economic data to ascertain the overall market direction. Today, we will get an update on S&P Global Manufacturing PMI, ISM Manufacturing PMI, ISM Manufacturing Employment, and JOLTs Job Openings (note that we are not listing every data release, only ones important to us). On Thursday, we will get more information on initial jobless claims, S&P Global Services PMI, S&P Global Composite PMI, and ISM Services PMI. Then finally, on Friday, the unemployment rate and non-farm payrolls are scheduled to come out. We will wait for these figures and reassess our views accordingly. Illustration 1.01 The picture above shows the daily chart of SPX. Yellow arrows indicate the divergence between the price and technical indicators MACD and RSI; in addition to that, on the MACD’s graph, the signal line can be seen breaking above the MACD line, which is slightly bearish (but it could still be only a fakeout). Therefore, we will monitor these two indicators in the following days for any signs of a potential trend reversal. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
2
A traders’ weekly playbook – no rest for the wicked Last week was some ride and I feel like I’ve aged 10 years, but what have we learnt? The Fed and the ECB are almost done tightening and market pricing shows this front and centre. In the case of the US, core PCE and the Employment Cost Index (ECI) showed us that price pressures and wages are abating. However, the US Q2 GDP print grew at an above-trend pace (at 2.4%), so we are staring at a resilient economy at a time when the Fed is done, and inflation grinds lower. Add in a 4.5% rally in Chinese equity on the week and the word ‘Goldilocks’ comes up liberally in conversation. It’s no wonder the chase is on and those underweight equity are feeling the heat. This positive growth factor is certainly not true in Europe and China, where growth has been consistently missing the mark – the US exceptionalism story is therefore firmly in play and keeps me constructive on the USD, even if the technicals/price action are not showing any strong bias to own USDs over other G10 FX. We see that the bullish trend in DM equity markets is mature and, in some cases, owned/loved – however, new highs seem more likely than not - Apple will need to impress in earnings this week. In Asia, it feels hard to trust the late week rally in HK50 or CHINAH, but I’m skewed long for another 3-5% upside. Huge inflows into mainland Chinese equities last week suggest more is to come. The BoJ threw a curve ball into the market on Friday with its cosmetic change to YCC – in essence, it was a brilliant move by the central bank, and they’ve managed to bridge the volatility that would come with a straight change to 1% in the YCC band, but have given themselves all the flexibility should they wish to tighten policy without causing ripples in the Japanese or global bond markets. After the fourth biggest trading range of 2023 on Friday in USDJPY, we should the ranges settle in the days ahead – Again, I don’t trust the last session sell-off in the JPY, notably vs the ZAR, MXN, and GBP, and we watch to see if the JP 10yr JGB grinds towards 75bp and above. We look forward to another big week of event risk – the BoE should hike by 25bp, while the RBA meeting is perhaps underpriced but line ball, and we know once we get the policy call the AUDUSD should revert to following USDCNH. US NFP should again highlight the US labour market is fine health, and EU inflation should offer a view that the ECB can’t be complacent but are close to the end. It's another week in paradise and managing risk and achieving correct position sizing will help you stay solvent. The marquee event risks for the week ahead: US Q2 earnings – while the bulk of the S&P500 market cap has reported Q2 earnings, in the week ahead we get around 15% of the market cap reporting. Numbers from the Apple and Amazon (both on 3 August) and QUALCOMM get the attention. Can we continue to grind to new highs in the US500 and NAS100? RBA meeting (1 Aug at 14:30) – Given the recent domestic economic data flow it will be a close call whether the RBA leave the cash rate at 4.1% or hike by 25bp. Interest rate futures price a 21% chance that the RBA leave rates on hold. I personally lean to a hold from the RBA – however, given the strength in the labour market data, increasing unit labour costs and house price data, one could argue this is under-pricing the risk of a hike. Bank of England (BoE) meeting (3 August at 21:00 AEST) - the BoE will choose between another pro-active 50bp hike or a more data-reactive 25bp hike. The market and economists see a higher probability of a 25bp hike, with the peak Bank rate expected to hit 5.83% by February 2024. We may also hear of an increased pace of quantitative tightening (QT) from October, although the BoE may wait until the September BoE meeting to update the market. US nonfarm payrolls (NFP - 4 August at 22:30 AEST) – the US labour market remains in rude health, and there are no clear signs of a cooling in the July employment data. In the lead-up to NFP we get ADP private payrolls and the JOLTS job openings report, so both could shape expectations for NFP. The consensus for NFP from economists is for 200,000 jobs to have been created, with the unemployment rate expected at 3.6%. Average Hourly Earnings (AHE) will be closely watched, as wages are a key consideration if the Fed are to go on an extended pause. The consensus is we see AHE +0.3% MoM / 4.2% YoY (from 4.4%). US ISM manufacturing (2 Aug 00:00 AEST) – The market looks for the index to come in at 46.9 (from 46.0), so a slight improvement from the June print. The ISM services print (due on 4 August) is also due this week and may be more influential on the USD. The market expects a slower pace of growth in the service sector with the index expected to print 53.0 (from 53.9 in June). A read below 50 in services ISM would likely see broad-market volatility pick up. Fed Senior Loan Officer Opinion Survey (1 Aug 04:00 AEST) – the SLOOS report on bank lending standards was referred to on several occasions at last week’s FOMC meeting – we expect a slowdown in credit and tighter lending, but whether this proves to be a volatility risk for markets seems unlikely. Watch the US banks close- the XLF and KBE ETFs offer good context here. China Manufacturing and Services PMI (31 July 11:30 AEST) – after last week’s Politburo meeting, there may be a limited reaction to this PMI report, as stimulus takes time to feed through to the real economy. For now, the market looks for the manufacturing index to come in at 48.9 (from 49.0) and services PMI at 53.0 (53.2) – a read below 50 shows contraction from the prior month, and above 50 signals expansion. EU CPI inflation (31 July 19:00 AEST) – the market expects the EU CPI estimate to come in at 5.3% (from 5.5%), with core CPI eyed at 5.4% (from 5.5%). The market currently prices 10bp of hikes for the next ECB meeting on 14 September – a 40% chance of a hike. An inflation print below 5.1% would be a surprise and should attract decent EUR sellers. EU manufacturing and services PMI (3 August 18:00 AEST) – this data point is a revision of the numbers announced on 24 July, so unless we get a marked revision to the preliminary print the data shouldn’t move the dial too intently. The market will be watching revisions to the service data more closely.
PEPPERSTONE:US500Long
by Pepperstone
S&P500: Needs one last pullback before a new High.S&P500 is trading inside a narrow Channel Up, loosely supported by the 4H MA50 (RSI = 58.828, MACD = 5.720, ADX = 49.301). This pattern implies a rejection within the 4,605 - 4,620 Zone targeting 4,550. We are looking for a buy there or if S1 (4,527.50) breaks then near the 4H MA200 at 4,485 (also a HL trendline). In both instances our target is the R1 (TP = 4,640). It is important to observe the 4H RSI. The Channel Down's Bearish Divergence can lead it to the S1 Zone, where the stronger buys of June 26th and July 10th occured. This can coincide with the 4H MA200 test. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500
by InvestingScope
5
"Higher for longer"Yesterday, Federal Reserve (FED) raised interest rates by 25 basis points. During the press conference, Jerome Powell reiterated the central bank’s commitment to fighting inflation and getting it back to 2%. The chairman noted that the economic activity expanded moderately and that growth and consumer spending slowed from earlier in the year. In regard to the housing sector, he said that “although the activity in the housing sector picked has picked up somewhat, it remains well below levels a year ago, largely reflecting higher mortgage rates.” Then, he said that the labor market stays strong despite signs of supply and demand returning to balance. When asked what the next steps in the FED’s monetary policy would be, Jerome Powell replied that all would depend on future economic data. Furthermore, he acknowledged sticky inflation and the possibility of more rate hikes in the future, once again signaling “higher for longer.” In spite of much uncertainty ahead, the relatively ambiguous tone of Jerome Powell calmed down the market, which erased much of its losses by the close. It seems the theme of “higher for longer” will continue to play out also in the stock market valuations (probably until there is a substantial uptick in unemployment and reacceleration of inflation). As a result, we will pay close attention to the resistance at $4,600. If the price breaks above this level, it will be bullish for the short term; in such a scenario, we will monitor another resistance level near $4,637 and its ability to halt the rising price. Regarding technical indicators, RSI and MACD recently showed some divergence on the daily time frame. Additionally, RSI reached an overbought level. If RSI breaks below 70 points, it might coincide with the trend reversal. Therefore, we are starting to be very cautious. Illustration 1.01 Illustration 1.01 displays the daily chart of SPX and RSI. Yellow arrows indicate the divergence between the price and RSI. Illustration 1.02 Illustration 1.02 portrays the daily graph of SPX and MACD. Yellow arrows indicate the divergence between the price and MACD. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
16
S&P500 This new Channel Up can lead it to the All Time High.The S&P500 (SPX) index has been rising non-stop and appears not to be influenced by yesterday's Fed Rate Decision. The price reached however the top of Channel Up 1, the pattern that has been driving the price action since the October 13 2022 Bear Cycle bottom. This calls for a technical pull-back similar to the December 01 2022 and February 02 2023 Higher Highs, however that can only be confirmed after the 1D RSI breaks below its Higher Lows trend-line, which is exactly what happened on those fractals. Until then, and as long as the 1D MA50 (blue trend-line) is supporting (has been unbroken since March 29), the more recent Channel Up 2, can lead the price to the 4820 All Time High (ATH) of January 04 2022. Of course before that Resistance 1 (March 29 2022 High) is present at 4640, so since Channel Up 2 is also on its top (Higher Highs trend-line), we can consider a Megaphone (sideways) consolidation, similar to what took place in April. As long as its hits the 1D MA50 and rebounds, we will be bullish, targeting 4820 on the new bullish leg (green arc). On the other hand if the index does close a 1D candle below the 1D MA50 and the 1D RSI breaks below its Higher Lows trend-line, we will sell and target the 1D MA200 (orange trend-line) at 4250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
1
S&P500 Short term pull back technically possibleThe S&P500 / US500 touched the 4hour MA50 after the Fed Rate Decision for the first time since July 11th. This isn't a medium term buy signal as the current 2 month Channel Up, has given two strong buy entries lower, on the 4hour MA100. We expect the price to hit it at 4510. Buy there and target the Channel Up Top at 4630 (under Resistance A). The 4hour MACD Bear Cross formation, also hints to a pullback. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US500Short
by TheCryptagon
9
FED's rate hike looms overToday's focal point rests on the Federal Reserve's (FED) highly anticipated Federal Open Market Committee (FOMC) meeting, which is widely expected to increase interest rates by 25 basis points. This decision would mark the 11th rate hike since inflation started to go rampant in the United States as a result of unprecedented quantitative easing following the outbreak of the Covid-19 pandemic, when the FED decided to nearly double its balance sheet in a matter of months, causing inflation to spike above 9% in June 2022. However, the consistent efforts of central bankers to fight inflation have brought down the inflation rate to merely 3% last month. That is a huge improvement, which puts the latest inflation print only 1% away from the FED’s desired target of 2%. Therefore, now is an unlikely time for the FED to stop and risk losing credibility in front of the entire world. Consequently, that will unleash more pressure on the U.S. economy, which has shown signs of contraction in the manufacturing sector for most of 2023 (only in April 2023, the S&P Global US Manufacturing PMI printed above 50 points). As a result, the chances of something snapping in the economy will continue to grow. Illustration 1.01 Illustration 1.01 displays the daily chart of VIX, which can be seen making higher lows since 22nd June 2023. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
3
S&P500 = PRICING IN THE MONEY SUPPLYIn today's chart, we look at the S&P500 divided by the WM2NS (money supply). The upward trend of the S&P500 has been unstoppable since 2009 and has climbed to new heights since 2013. > However, as soon as you divide the chart with the "MONEY QUANTITY", the unadulterated chart = the reluctant truth is revealed. = Regardless of the rising price of the index, it has not changed in real value / hardly noticeable. = The "stock rally" was accordingly only the pricing in of the rising money supply. We have been in a sideways channel for about 30 years: = this was broken by the "DOT COM BUBBLE" and the "FINANCIAL CRISIS". = in the chart, you can clearly see that the channel serves as support and resistance. Currently, we are on the way to the bottom of the channel = another 18% - Downside. > at this bottom, there is a high probability that we will run again to the other side of the range = 64 % - upside. Looking at the 18% - downside in the S&P500, we would end up at around 3,000 points. > The 3,000 mark not only goes over one with Fibonacci and POI levels, but also represents a strong DEMAND zone on the monthly chart. > Based on this, we can expect a reaction in this area on a further down-sale. Looking at the range, a scenario of further down-sale is more than likely and goes along with the opinion of many. If this idea and explanation has added value to you, I would greatly appreciate a review of the idea. Thank you and a successful trading!
SP:SPXShort
by ZielIstDieAutarkie
4
US500 Will Go Lower! Sell! Please, check our technical outlook for US500. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 4560.8. Taking into consideration the structure & trend analysis, I believe that the market will reach 4532.7 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
CAPITALCOM:US500Short
by SignalProvider
7
US500 Technical Analysis! SELL! My dear subscribers , US500 looks like it will make a good move, and here are the details: The instrument tests an important psychological level 4560.9 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 4531.5 Recommended Stop Loss - 4579.4 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
CAPITALCOM:US500Short
by AnabelSignals
7
Dow Jones Index (US30) Technical Outlook Ahead of FED US30 Index is currently trading on a key daily structure resistance. The market is consolidating on 4H time frame, forming a head and shoulders pattern. If the price breaks and closes below its neckline (35330 level), I will expect a bearish continuation, at least to a support line of an expanding wedge pattern. Bearish breakout of the support of the wedge, will push the Index even lower. Alternatively, a bullish breakout of the underlined blue structure on a daily will be a strong bullish signal. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Short
by VasilyTrader
6
BluetonaFX - SPX Approaching All-Time HighHi Traders! We are approaching the all-time high on the S&P 500, and traders are eagerly anticipating tomorrow's Federal Reserve interest rate decision along with the FOMC minutes meeting announcement. Looking at the technical price action on the 1W chart, the market has been in a steady bull market since October 2022. We have drawn the ascending price channel on the chart for you to see. Before the all-time high at 4818.62 (the apex level), there is a resistance level at 4637.30. This level is key because there was a price rejection at this level 16 months ago, and we have not been above it since then. If we get a break and close above 4637.30, then the apex level at 4818.62 is the next target, and if that breaks, then we will be trading in record-breaking territory. On the other side, if 4637.30 holds and there is not a break and close above this level, then the bull market we have had for the past 16 months may be coming to an end, and we may get a pullback to the long-term support level at 4325.28. Please do not forget to like, comment, and follow, as your support greatly helps. We appreciate your continued support! BluetonaFX
SP:SPX
by BluetonaFX
2
US500 - Time for consolidation?Hi Traders, we have a busy week ahead. We have 3 central bank interest rate decisions and a few other fundamentals coming up. Week 30/2023 Monday: Purchasing managers' indices DE🇩🇪 , UK 🇬🇧and USA 🇺🇸 Tuesday: ifo business climate index🇩🇪, CB consumer confidence🇺🇸 Wednesday: FED interest rate decision🇺🇸 Thursday: ECB interest rate decision 🇪🇺 Friday: BOJ interest rate decision🇯🇵, CPI DE🇩🇪, PCE core rate 🇺🇸 Some Infos about the Central Banks FED🇺🇸: The Fed is expected to raise rates by 25 basis points to between 5.25% and 5.50% at its July meeting, with traders looking for clues as to whether this will be the central bank's last rate hike of the cycle or whether it will deliver another rate hike at a future meeting that is in line with its own forecasts. ECB🇪🇺: Again, a 25 basis point rate hike is a foregone conclusion. However, the wording will be crucial here. Because currently, a further increase in September is priced in by around 50% of market participants. The other 50% do not expect any further increase. Depending on which way the wording goes, there is definitely a lot of upside or downside potential for the euro. BOJ🇯🇵: The Bank of Japan's interest rate and monetary policy is still expected to remain loose. This could be very exciting, especially after the last correction against the USD. So we can expect at least on Thing... Volatility! From Technical point of view a consolidation in the stock market would not be a surprise. If the SP500 moves back to first Support Level this would be a possible zone for new long entry. But we should wait for the FED and their outlook. Wish you a great Trading week! Team tegasFX
CAPITALCOM:US500
by tegasFX
S&P500 Another buy opportunity on its way to 4640.S&P500 is having a short pull back today after crossing over Resistance 1 (4515). Despite the constant rise, it remains inside both the yellow 4 month Channel Up as well as the wider one from late last year. This bullish wave draws similarities with May-June. Trading Plan: 1. Buy on the current market price. 2. Sell if it crosses under the MA50 (1d). Targets: 1. 4640 (Resistance 2 and top of both Channel Up patterns). 2. 4200 (projected course of the MA200 1d). Tips: 1. The RSI (1d) is trading inside its own Channel Up. A break under it, could be an early sell signal to watch for the MA50 (1d). Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US500Long
by TradingBrokersView
7
Buy STOCKS heavily and dump GOLD according to this ratio.It is not the first time we use the SPX/GOLD ratio (S&P500 to XAUUSD) for a macro analysis and certainly each time it manages to offer us different and very helpful insights. This time on the 1W time-frame, the ratio is consolidating these past 2 weeks but after having broken in late May - early June above the 2022 Lower Highs trend-line. That alone is a strong bullish signal and a look in the past 10 years shows that this is a cyclical pattern that has already been formed twice. The SPX/GOLD ratio following its market peak, enters a Descending Triangle (which is during a time of risk crisis in the markets) where Gold starts to outperform the S&P500 (stocks), a natural move as the yellow metal is a safe haven. Then as the Triangle's Support holds, the price breaks above the Lower Highs and starts the new Bull Phase. Exception is of course the March 2020 COVID crash, which is a Black Swan event and doesn't count as technical. If it wasn't for that, the price would continue breaking above the Lower Highs as the rest of the fractals. In addition, the 1D RSI breaking above its own Lower Highs trend-line, is a similar buy signal. Currently, since the ratio is significantly above not just the Lower Highs trend-line (RSI as well) but also the 1W MA50 (blue trend-line), we can expect it to reach the 2.68 Resistance within 6 months. Naturally, as the title says, this means for investors to buy stocks at the expense of holding Gold. This is translated that we are in a Bullish Phase (risk-on) where buying assets like stocks offer more return than Gold, which should be converted to riskier assets. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
8
The SPX/DJI ratio points to a multi-year Bull ahead.This is a very informative analysis using the SPX/DJI ratio. In recent decades this has helped at identifying recession and expansion cycles. As this chart shows on the 1M time-frame, after each crash since 2000 and the Dot Com crash (Housing crash, China slowdown, Brexit, Oil Crsis, Trade War crash and the more recent Inflation Crisis), the ratio started to rise, meaning that the S&P500 started to outperform the heavily industrialized Dow Jones Index, which led to a new Bull Cycle. Since the bottom of the Dot Com Crash, the ration has been trading within a 20 year Channel Up, which is limited by a Lower Highs trend-line. If broken we can start talking above a new mega expansion phase. The 1M MACD just completed a Bullish Cross last month, suggesting that the current Bull Cycle may only be at its very beginning. Regardless of all that, we believe this is a very interesting ratio to follow and that has offered useful conclusions to you. We hope you enjoyed it! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot