Us500
US500: Expecting Bullish Movement! Here is Why:
Balance of buyers and sellers on the US500 pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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S&P500 flashing a buy signal of 100% success rate since October.The S&P500 index may have been rejected yesterday following Powell's testimony on a possible need for stronger rate hikes but technically it has reached a level and formed a certain pattern that since the October Channel Up started, it has appeared 4 timed with a 100% success rate for rebounding to a Higher High.
The Rising Support on the RSI is common on all those 4 times as well as the current formation.
Short term Target is 4130 (Fibonacci 0.5) and long term Target is 4250 (Fibonacci 0.786).
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S&P500:Targeting more highs?Hey Traders, US500 is trading in an uptrend and now extending pullbacks seems to be approaching the major trend. i would consider a buying opportunity around 3930 zone which is a strong supply and demand area. it has been rejected multiple times as mentioned in the chart. if we have a proper macro environment 4300 should be possible as a long term target.
AUDUSD SELL POSITIONAUDUSD is ready for a sell/short just as DXY is gaining momentum as predicted. all you have to do is wait for a pullback to that yellow zone I plotted then scale down to your favourite time frame and sell. me I prefer 4hr and a counter trend break. also check out my GBPUSD prediction playing out as planned. please reduce your risk when trading correlated pairs.
S&P 500- In the target boxHello traders!
As per previous posts, we believe the SP500 to be in a primary wave (B) to the upside correcting the donwtrend from January's 2022 top.
Here is the count on the daily time frame:
Price action shows this primary wave (B) unfolding as a double zig-zag. The structure of the last decline from 4194 seems a 3-3-5 that would complete wave B of the last zig-zag, thus providing a setup for trading the last leg up of primary (B) to 4300+.
From a pattern perspective, we can see the bearish wolfe wave target at the main downtrendline in blue.
Will search from long setups lower in the green target box and will update below.
Happy trading!
GMR
SPX | The cake is a lieThis is not the 2008 Recession. This is deception. This is the Recession nobody remembers.
SPX by itself doesn't show the entire truth. The monster of QE clouds your vision, clouds your judgement. It's strength, it's pressure pushes everything upwards so much. Too much... Until you are in a delusion.
The 2020 Black Swan was not black. He was in the shadows. One of the lights that can help you see him is the SPX*US10Y chart. In the "Related Ideas" there is the link to the inventor of the chart.
This is the 2020 Black Swan we all witnessed.
This is the 2018 Recession that really happened.
For reference, this is the modified chart from 2008.
And the chart from 2022.
Pattern taken from 2008 and fits like a glove.
We are also in UTAD, in a long-term Wyckoff Distribution.
Is it a conspiracy theory? It could be. The easiest method of manipulating the economy is with bonds. They make them and they define the base yield. So in theory and in practice, they can affect the economy any way they want. In short, they could in theory hide a recession in an ocean of money, in the era of information and QE.
They are after your money. They will do anything to take them. Watch out. Who knows what trap they will set up now...
Tread lightly, for this is hallowed ground.
-Father Grigori
My today's view on ESHi Traders,
This is my view for today on ES.
First strong LONG reaction which puts me on a BULLISH perspective today. So 3960 could be a good zone to let the price re-aligning with the bullish micro structure. Anyway, the Macro one's tells me we're bearish yet and the strong supply zone on 4120 could be good for us.
I remind you that this is only a forecast based on what current data are.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit, Trading Kitchen
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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S&P500 The huge Inverse H&S has started and its target is 4700!Last week we have made clear our short/ medium-term view on the S&P500 (SPX), calling a buy on the exact bottom of the Channel Up:
It is time to look again, as we normally do on a monthly basis, on the bigger picture, looking at the 2D time-frame. The Channel Up is clear and so is the Resistance on the 2D MA200 (orange trend-line) which formed the previous High in February. The rebound was achieved exactly on the 2D MA50 (blue trend-line).
The long-term pattern that stands out is the huge Inverse Head and Shoulders (IH&S) whose head was the bottom of the Bear Cycle, which after breaking its Lower Highs trend-line completed the Right Shoulder. Technically this suggests that the price should now begin its rise to its usual target. That is the 2.0 Fibonacci extension level and is exactly on the $4700 mark.
The Fibonacci retracement levels from the Top-Bottom of the Bear Cycle have so far matched Support and Resistance levels with high accuracy, so keep those in mind for the next immediate High, e.g. on the 0.618 Fib at 4315, which is also almost the August 15 2022 High.
The STOCH RSI is just coming off a Bullish Cross, indicating that we are just at the start of a new rally.
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Longest streak of consecutive down days since September 2022Since October 2022, we kept reiterating that the primary downtrend had not ended and that we were merely seeing another bear market rally. Furthermore, we were monitoring the market’s sentiment, which changed from “FED’s pivot” hopes (in October 2022) to a “soft landing” narrative (in December 2022/January 2023). However, in line with our expectations, weak corporate earnings and outlook downgrades combined with hawkish FED started to test the bullish thesis about the market recovery.
SPX closed down six days in a row, representing the longest streak of consecutive down days since September 2022. That can make a case for a short-term rebound in the price of SPX. Although, we do not expect it to impact the primary downtrend. We anticipate higher interest rates to slow down the U.S. economy and worsening economic data to spook the market participants. In addition to that, we see a high risk of a strong selloff if inflation accelerates again, just like in some European countries.
For example, the preliminary data showed that inflation increased to 6.1% (YoY) in February 2023 from 5.9% (YoY) in January 2023. In addition to that, core inflation accelerated to 7.7% (YoY) in February 2023, up from 7.5% (YoY) in January 2023. The same applies to France, which saw two consecutive months of accelerating inflation.
Since the FED faces the same threat, we do not expect it to change its course of monetary policy. Quite contrarily, some FED members are already vocal about the FOMC reverting back to 50 basis point rate hikes (which we do not see as very likely at this point). Despite that, we believe the U.S. economy is not out of the woods and has many obstacles ahead. Accordingly, we maintain a bearish view of the market beyond the short term.
Illustration 1.01
Illustration 1.01 shows the daily chart of SPX. Interestingly, SPX experienced six consecutive down days, the longest streak since September 2022.
Technical analysis
Daily time frame = Bearish (very weak trend)
Weekly time frame = Neutral
Illustration 1.02
Illustration 1.02 displays the daily chart of SPX. Interestingly, SPX seems to be forming a narrow range between Support 1 and Resistance 1.
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.
US500 Index Next MovePair : US500 Index
Description :
Flag Pattern
Divergence
Bullish Channel in Short Time Frame as an Corrective Pattern
Break of Structure will Complete its Retest at S / R Level
Completed " ABC " Corrective Pattern
Impulse Correction Impulse
A traders week ahead playbook - the charts that countWe go through the data that traders need to be aware of - looking at what's expected and where the balance of risk sits.
We go through the charts that are front of mind - the key levels and where traders could look to take positions.
We hope this helps with your risk management and understanding of event risk, as well as the opportunity in front of us
Good trading all
Chris
US500 SHORT 4HRLooking for a deviation back down to Weekly & Monthly open from the range high IF PEPPERSTONE:US500 fails to accept above 4150's. If price fails to accept, looking for short position, taking profit at 4100, 3990, 3960 over the coming week. Invalidation at prev candle body high 4079s.
Confluent with TVC:DXY approaching support at 104.4s.
US500 Trading Plan - 4/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect US500 to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
S&P500 Potential UpsidesHey traders, in the coming week we are monitoring US500 for a buying opportunity around 3930 zone, S&P500 long is one of the trade i would love to consider when the DXY shows some downwards as there is a negative correlation between DXY and the Stock Market. Technically i will watch the price action once the price approach the major daily trend.
Feel free to ask your questions in the comment section.
Trade safe, Joe.
US500(S&P) : Short Trade , 4hUS500 sell Entry : 4050.8
Stop : 4121.3 , Target1 : 3979.9 , Target2 : 3909.9
Risk/Reward Ratio : 2
BITCOIN is lagging considerably behind the S&P500. Huge upside.We have Bitcoin on the left and the S&P500 on the right.
Bitcoin is getting rejected on the 1week MA50, while the S&P500 is trading between the 1week MA50 and 1week MA100.
This is a clear sign that Bitcoin is lagging behind the major stock index and that it remains undervalued relative to the rest of the market.
Therefore, Bitcoin's potential on a 2 month timeframe extends as high as the 1week MA100 +/- 32000.
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S&P500 New 1 month rally started.The S&P500 closed on top of the MA200 (1D) and is having an impressive rally today.
This is very much alike the start of the previous two rallies since the Bear Cycle bottomed.
The pattern is a Channel Up.
Trading Plan:
1. Buy on the current market price as it closed on top of the MA50 (1D).
Targets:
1. 4140 (bottom of Resistance Zone 1).
2. 4300 (under Resistance 2 and a +11% rise), assuming a pull-back takes place first on the MA50 (1D).
Tips:
1. A Buy Cross is emerging on the MACD (1D) and will confirm the uptrend.
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So far so good on the BTC Cup and Handle!Traders,
In this weekly update, I cover the DXY, VIX, US500, US10Y, US02Y, inverted yield and its significance, Eurodollar, Credit Suisse, unemployment, and the Bitcoin. I'll cover a few anomalies that I am seeing in our current market and explain what they might indicate for future price action.
Finally, we will cover that Bitcoin Cup and Handle pattern that I have been projecting for the past few weeks: what happens if it plays out and what happens if it fails.
Stew
SPX to find resistance at previous levels?US500 - Intraday - We look to Sell at 4014 (stop at 4034)
Posted a Bullish Hammer Bottom on the Daily chart.
Buying posted in Asia.
Bespoke resistance is located at 4014.
The previous swing high is located at 4018.
A bullish reverse Head and Shoulders is forming.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 3942 and 3940
Resistance: 1014 / 4018 / 4030
Support: 3966 / 3942 / 3925
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US500, 10d+/26.6%rising cycle 26.6% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
S&P500 bouncing on the Bear-Bull market separator. Strong buy.The S&P500 isn't only supported this week on the 1day MA200 but also hit the Pivot line that separates the Bear from the Bull market.
During the 2022 Bear market it was a Resistance, keeping all price action below it, having it total 6 rejections.
This is the first time it is being tested from above as a Support.
With a Channel Up having emerged as the pattern that is guiding the S&P500 into the new Bull Cycle, the RSI is on a flat Support, similar to what it did on June 16th 2022. A massive rally followed.
Our Target is 4300 (under Resistance A).
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