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Us500

S&P500 is pricing the new Low of the bullish leg.The S&P500 (SPX) hit today the 4H MA50 (blue trend-line) again and the Higher Lows since the March 13 bottom. That was a bottom on the 5-month Channel Up and the best buy opportunity on a 1 month time-frame. With the 4H RSI sequence similar to the Higher Lows of the previous bullish leg in late December/ early January, we see SPX attempting to price the new Low. This is a new buy opportunity. Our long-term target of 4190 is intact. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
4
S&P500 - Upside is over Hello traders! In previous posts we explained how we believed the last leg up from October's low in the SP to be a primary corrective wave (B) to the upside on overconfidence about the soft landing narrative and FED policies. You can see from this daily chart how low were volumes during this last period. We were expecting the target of this upside movement to be around 4300, but price seems to be failing before, reentering into the previous downtrendline (blue) from January's 2022 top. Either the impulsive movement to the downside is resumed and we are aiming at lower lows, or the primary (B) to the upside still has to conclude and we would be in a retracement before completing it higher. In any case, we believe more downside is coming and we are trading the Head and Shoulder showed in the chart (diagonal neckline), from @3940.1, targeting below 3700. We will update below. Happy trading! ;)
UShort
by GMR-Capital
3
The FED continues to imply a recessionYesterday, the FED hiked interest rates by 25 basis points, causing an initial rally in the U.S. stock market, followed by a selloff after FOMC’s press release. In his speech, Jerome Powell acknowledged the persistence of high inflation (replacing the tone of “easing inflation”), banking sector problems, and a strong labor market. Furthermore, he reiterated FED’s commitment to bringing the inflation rate back to 2%, adding that “some additional policy firming” may be required to achieve this goal (translating to the possibility of more rate hikes). As for projection materials, the median forecast for the unemployment rate in 2023 is 4.5% (and 4.6% in 2024). We discussed a few months ago that historically, each 1% increase in the unemployment rate was always accompanied by a recession. Therefore, considering that the unemployment rate was 3.4% in January 2023, we could argue that the FED implies a recession over the course of the current year (even though it has been implying it at least since September 2022 through its forecasts). In addition to that, the FED’s documents show a median forecast for FED’s fund rate at 5.1% in 2023, which is higher than the current target range of 4.75% to 5% (telling us that interest rates should be higher at some point). In our opinion, this means only more stress for the already weak U.S. economy. Due to that, we will stick to our previous assessment of more downside for the stock market in the coming months. Accordingly, we maintain our price target for SPX at $3 400. Illustration 1.01 Illustration 1.01 displays the 5-minute chart of ES1! continuous futures. Yellow arrows indicate particular events in the market. Vicious whipsaws in the price can be observed. Technical analysis Daily time frame = Bearish (Weak trend) Weekly time frame = Neutral Illustration 1.02 Illustration 1.02 shows the daily chart of SPX and the bullish breakout, followed by invalidation after Jerome Powell’s speech. We will pay close attention to today’s price action in SPX. To confirm a bearish bias, we would like to see the price stay below the sloping resistance (ideally, manifesting more weakness). 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:SPXShort
by Tradersweekly
14
US500 H4 | Potential bearish reversal?Looking at the H4 chart, the price could reach our sell entry area at 4021.21, which is an overlap resistance and also aligns with the 78.6% Fibonacci retracement. If the price were to reverse, it could drop down to our take profit at 3967.66. Our stop loss will be at 4073.05, which is an overlap resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
UShort
by Rockqet
Investors are breaking the cardinal rule of Wall StreetBefore the previous meltdown in stocks, in early February 2023, we warned that investors were trying to fight the FED, breaking the cardinal rule of Wall Street. With the recent rebound in SPX and people trying to call FED’s bluff (again), this trend seems to continue. Today, so much anticipated FOMC meeting is here, and central bankers are expected to increase interest rates by 25 basis points. While this will likely bring the hiking cycle toward the end, it is important to remember that inflation is still running hot, making a case for elevated interest rates to stay here for much longer than many suggest. As Jerome Powell noted multiple times in the past few months, the FED is hiking interest rates to cool off the economy. In some regards, the FED has succeeded, which is reflected in the banking crisis, rising unemployment, a slowdown in the housing market, growing delinquencies on loans, etc. However, the rising stock market is not particularly achieving the same results, posing a threat to the FED, which is already in a tough spot. Moreover, the persistence of high-interest rates will put more weight on the U.S. economy, dragging it deeper into recession. Therefore, in our opinion, it is just a matter of time before the stock market starts cracking under the weight of tight monetary conditions. Accordingly, we stay bearish on the U.S. stock market and expect SPX to drift to $3 400 over the course of the coming months. Illustration 1.01 Illustration 1.01 shows the daily chart of SPX. Currently, it is sitting just slightly below the sloping resistance. If SPX breaks above it, it will be bullish in the short term. Interestingly, the recent rebound coincides with the price retracing toward the 50-day SMA, which often represents a strong correction. Therefore, we will also pay close attention to the price action near these levels. Technical analysis Daily time frame = Neutral/Slightly bullish (very weak trend) Weekly time frame = Neutral 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
5
US500, D1 | Potential bearish reversalPrice could potentially reverse off a key resistance level, we could see the momentum carry price down to its take profit target. Entry: 4046.40 Why we like it: There is an overlap resistance Stop Loss: 4155.75 Why we like it: There is an overlap resistance Take Profit: 3916.25 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonaccci retracement Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
UShort
by VantageMarkets
S&P500: Testing February's Resistace. Key to the trend.The S&P500 is testing February's LH trendline again for the first time since March 6th on strong bullish 4H tech (RSI = 64.370, MACD = 14.890, ADX = 34.844). This is also where the 0.5 Fibonacci level is and right over it the 4H MA200. We will target R1 if the LH breaks (TP1 = 4,080) and R2 (TP2 = 4,160) as long as the 0.618 holds upon re-test. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
8
SPX to see a temporary move higher?US500 - 22h expiry - We look to Sell at 4018 (stop at 4057) Buying pressure from 3867 resulted in all the initial daily selloff being recaptured. An overnight positive theme in Equities has led to a higher open this morning. A move to 4022 will form an intraday bearish Gartley pattern. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. Our profit targets will be 3921 and 3901 Resistance: 4017 / 4022 / 4086 Support: 3924 / 3900 / 3820 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDShort
by OANDA
1
NIKE: Bullish Flag, Possibly Beating Earning Estimate Again?Price Action Analysis on NIKE, Inc On the Daily Timeframe, NKE is moving above EMA90. NKE is breaking out of the bullish flag pattern, indicating a possible bullish bias ahead. The Stochastic made a bullish divergence, signifying a possible upside movement to the target area. Fundamental Drives - China sales rebounded further due to ending its zero covid policy. - Improving earning report, potentially beating earning estimate again. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NKE"
NYSE:NKELong
by financialfreedomgoals101
S&P500: U.S. Jobs Data Impact on Expected Fed Rate HikeOn the daily chart of the S&P 500, the Federal Funds futures indicate a probability of nearly 60% for a 50 basis point rate hike. Today's release of U.S. employment data may either reinforce the possibility of a 50 bps rate hike or tilt the balance towards a smaller increase of 25 bps. Experts predict that the U.S. economy will see the addition of around 200,000 new nonfarm jobs in February, with a projected increase in wages from 4.4% to 4.7%, and a steady unemployment rate of 3.4%. Ideally, weaker U.S. jobs data would be preferable. Otherwise, the Federal Reserve may have to take action by implementing a 50 bps rate hike this month, which could speed up the decline in stock prices. If today's U.S. jobs data is below expectations, it may push back the anticipated Fed rate hike to 25 bps. On the other hand, if the employment data is strong, it will likely solidify the idea of a 50bp Fed rate hike later this month, resulting in higher yields and U.S. dollars but lower stocks.
CME_MINI:ES1!Long
by FOREXN1
5
US500 H4 | Reversal from 61.8%Looking at the H4 chart, price is currently approaching our sell entry at 3971, which is an overlap resistance along with the 61.8% Fibonacci retracement level. If price were to reverse, it could drop to our take profit level at 3907, which is an overlap support level and also aligns with the 38.2% Fibonacci retracement level. Our stop loss will be placed at 4021, which is an overlap resistance level along with the 78.6% Fibonacci retracement level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
UShort
by Rockqet
S&P500 Best buy signal since early January.The S&P500 index (SPX) is on a 1 week rebound following the March 13 Low which was made on Support Zone 2 and is so far on the bottom of the 5-month Channel Up. All candles have closed inside this pattern and as you see so far every bearish and bullish wave follows similar structure as the previous one. We are near the best buy signal since January 06 as the 1D MACD is above to form a Bullish Cross. Our short-term target is the 1D MA50 (blue trend-line) and medium-term 4190 (near Resistance). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
8
US500, D1|Potential bearish breakoutBanking crises in the U.S. and Switzerland have shaken financial markets causing price to breakthrough 1st support Entry: 3,858.85 Why we like it: Price has broken through 1st support Stop Loss: 4,052.71 Why we like it: There is an overlap resistance Take Profit: 3,755.50 Why we like it: There is an overlap support Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
UShort
by VantageMarkets
ES1! SPX500USD 2023 MAR 20 ES1! SPX500USD 2023 MAR 20 No trade for SnP last week since levels not reached. Scenario Planning: 1) Trades will be guided by the channel 2) Long on support and accept of 3788 // 3893 Volume Analysis: Weekly: High vol up bar close above middle = demand Daily: No Supply ave vol down bar Price reaction levels: Short = Test and Reject | Long = Test and Accept 4175 4094 3928 3788 3502-3580 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
S&P500 Two targets on this newly started riseThe S&P500 made the first rebound on the bottom of the Channel Up. Breaking over the MA50 (4h) has confirmed the short term bullish sentiment. Trading Plan: 1. Buy this pull back as close to the bottom of the Channel as possible. Targets: 1. 4000 short term (under the MA200 (4h)). 2. 4220 long term (top of the Channel Up and +11.00% rise). Tips: 1. The MACD (4h) has formed the same pattern it did on the November 3rd and December 20th bottoms. Please like, follow and comment!! Notes: This is a continuation of this trading plan:
CAPITALCOM:US500Long
by TradingBrokersView
2
BITCOIN and S&P500 on similar fortunes. Target 64000 and 4900.his is not one of our usual analyses but we found a pattern that Bitcoin and S&P500 shared in the past and may replicate in the future now that the Bull Cycle has restarted. Based on this the first target for both of them when the get out of a Bear Cycle is Fibonacci 2.0 from the last High before the final selloff. For Bitcoin that target is 64000 and for the S&P500 4900. Long term outlook don't get confused with our usual shorter term signals. Please like, follow and comment!!
INDEX:BTCUSDLong
by TradingBrokersView
1