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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Us500
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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S&P500, H4 | Potential bounce from major support?Price is approaching major support at 3904 which is a key overlap support. We could see a bounce from here to take price up to 3951 which is a pullback resistance right before the big 23.6% Fibonacci retracement.
In terms of stop loss, we're eyeing the 3870 level which is an overlap support.
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S&P500: This correction is just a Bull Market Higher Low.The S&P500 index is having investors puzzled once more with the February correction as it turned the 1W technicals neutral again (RSI = 48.600, MACD = 4.420, ADX = 34.962). The price is under the 1W MA50 but the 1D MA100 is supporting along with the 1D MA200.
Having made the Bear Cycle bottom on the 1W MA200, it is obvious that in contrast to the Bear's Bearish Reversals (three patterns with red arrow), it made a Bullish reversal (green arrow) on the December 19th Low. That was the first Higher Low of the new Bull Cycle and it is beyond doubt that we have transitioned into it.
The 1W RSI is on a Channel Up and as long as it doesn't make a Lower Low, we expect S&P500 to make its second Higher Low of the Bull Cycle now.
The Fibonacci levels have formed all major Higher since 2022 with tha latter being the Bull Cycles first Higher High on the 0.5 Fibonacci (January 30th). Technically we expect Fibonacci 0.618 to get hit on the next Higher High. We are long, TP = 4,300.
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S&P500 Bottom by tomorrow, slow 2-week recovery after.The S&P500 index (SPX) is trading between its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) ad the long-term Channel Up pattern that started on the November 03 Low is attempting to price its new Lower High.
Based on the symmetry provided by the 1D RSI that is on the 39.00 Support (Dec 19 and Dec 28 Double Bottom), the 1D MACD and and 4H Death Cross (February 27 and December 19), the current sequence is extremely similar with the December 19 - 22 bottom fractal. That was basically the previous Higher Low of the Channel Up. The 4H MA50 (green trend-line) is about to cross tomorrow below the 1D MA50 and that marked the exact previous bottom on December 22.
As a result, this is the most optimal long-term buy level, and we are targeting initially at 4050 (middle of the Channel Up) and 4250 (just below the Higher Highs trend-line) in extension.
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S&P500: Channel Down dominant but target this if it breaks out.The S&P500 is inside a Channel Down on the 4H chart ever since the correction started early in February. A correction that has caused even the 1D time-frame to turn bearish technically (RSI = 41.649, MACD = -7.180, ADX = 42.487).
As long as the price remains below the 4H MA50, it is aiming as S2 (TP = 3,900). However with the 4H RSI inside a Channel Up (bullish divergence), if the price crosses over the Channel Down and more importantly the 4H MA200, we will go long aiming at the 0.786 Fibonacci (TP = 4,140).
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FOLLOW RENGE IN SHORT-TIMEIn short-time with low stronge tend bearish ... lets to RENG to resistance
SNP500 Bullish Short-Term Expectation Analysis This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes
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This Analysis was done using my complete Strategy which includes:
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- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
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US500 - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for US500 .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
S&P500 Potential ReversalHey Traders, in today's trading session we are monitoring US500 for a selling opportunity around 4020 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
US500 BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
A recent breakout signals
That the bears are still strong
And I am growing in confidence
That a bearish selloff is coming!
SELL!
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SP500 SELLeace, mercy and blessings of God be upon you. The triangle has been successfully broken, and the uptrend, the market is in a downtrend.