S&P500 - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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Us500long
US500 - distribution zone?US500 - distribution zone?
These are the Keylevels to watch in the next hours.
I want to short US500 under the support line, this neckline looks good for an entry.
Also, this zone looks more and more like a distribution zone.
US500 AnalysisAfter bull of USD S&P 500 was looking good bullish too, we had some big sells and Fake outs but at least finally trend is bullish and going well, now on 4h timeframe we went with impulse candles into 1 W resistance, in my opinion here we will get rejection to downside, where we will se new good High-Low (HL) which will give us possible entry point.
US500 to find support at next Fibonacci retracement?US500 - Intraday - We look to Buy at 4155 (stop at 4135)
Levels close to the 50% pullback level of 4170 found buyers.
A Fibonacci confluence area is located at 4164.
Bespoke support is located at 4150.
There is scope for mild selling at the open but losses should be limited.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 4205 and 4215
Resistance: 4220 / 4230 / 4235
Support: 4168 / 4164 / 4120
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.
S&P500 - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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US500✔️ Tags New Yearly High ✔️ US500 is expected to rise
✔️ Recommended to consider buying from the balance and premium level 4.184 & 4.172
US500 - SHORTThe situation does not look great for the stocks market, all the shares have reached very high levels but lately the volumes have slowed down due to the very high prices, no one wants to buy Meta, Apple, AMD or Nvidia at some prices with 100 or even 200% higher than a few months ago, so a price correction is beneficial.
At the moment we see that on the 4h chart, we had this break of the support, which cannot take the price to the targeted area.
The number of SPX stocks above 200-day SMA is decliningThe 200-day SMA (Simple Moving Average) is a widely followed technical indicator used by traders and investors to assess the overall trend of an asset. When stocks rise above their 200-day SMA, it is generally seen as a positive sign and considered a bullish development. The logic behind this idea is that if the stock's price has been consistently higher than its long-term average, it indicates strength and potential for further upward movement. Conversely, if stocks drop below this level, it is viewed as a bearish signal, implying weakness and the possibility of more downside. Monitoring the percentage of stocks above the 200-day SMA can provide valuable insights into the overall health and direction of the market. Therefore, today, we will examine the percentage of stocks in the S&P 500 Index that are currently trading above their 200-day SMA.
Since SPX’s lows in October 2022, there have been three significant peaks in the index, particularly on 13th December 2022, 2nd February 2023, and 1st May 2023. From October 2022 lows until the peak in December 2022, the percentage of SPX stocks was rising (as a matter of fact, this metric started to grow even sooner than the index, in late September 2022). However, after constituting a high in December 2022, SPX started to decline, and so did the percentage of SPX stocks above the 200-day SMA. This decline did not last long, and SPX began to rise again toward the end of 2022 and early 2023. The growth was sustained until 2nd February 2023, and after that, SPX started falling until a low on 13th March 2023. Then, the index began to rise again until 1st May 2023.
The SPX was accompanied by a rising percentage of SPX stocks above the 200-day SMA on the first two legs up. But on the third leg up, SPX was accompanied by the growing metric only until early April 2023. Then, in mid-April 2023, the metric started deviating from the increasing (or sideways-moving) price of SPX. This catches our attention as it can potentially imply exhaustion for the rally, showing more and more stocks turning bearish while the index continues to hold up.
Illustration 1.01
Illustration 1.01 displays the daily chart of SPX (on the top) and the percentage of SPX stocks above 200-day SMA (on the bottom).
Technical analysis gauge
Daily time frame = Neutral/Slightly bearish (showing a lack of trend/momentum)
Weekly time frame = Neutral
*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.
SPX 500 LONGLooking for SPX to make its next extension to -23.6% Fib and beyond... I think we easily see 4200 in this market...
US500 - Wait for more Monday CloseON US500 I would not trade in the next few days, more information and more movement is needed because from this area it can both go up and down.
In practice, I closed the day above the support but it is below the trend line (the blue one), if on Monday it does not close above the trend line and possibly confirms on Tuesday above the trend line, then in that case I would go long but in the given situation, we have to take into account that on Monday it could close below the trend area and thus it could go to the next support area down.
Including the RSI shows us that it is overbought, which would be related to the resistance trend line in the downward trend.
S&P500 - Short active ✅Hello traders!
‼️ This is my perspective on US500.
Technical analysis: Here I expect bearish price action as we can see that price took buy stop liquidity, filled the imbalance and then rejected from bearish order block.
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Looking for SPX stem dips.US500 - Intraday - We look to Buy at 3858 (stop at 3818)
Levels close to the 61.8% pullback level of 3972 found sellers.
An overnight negative theme in Equities has led to a lower open this morning.
Intraday, and we are between bespoke support and resistance 3858-3983.
Immediate signals are hard to interpret.
Preferred trade is to buy on dips.
Our profit targets will be 3983 and 4000
Resistance: 3983 / 4077 / 4086
Support: 3848 / 3818 / 3800
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.
US500 Bullish ProjectionSince January 2022, the US500 has been experiencing a downtrend. Recently, the price has broken through the trendline and subsequently retested it, indicating a bullish signal. I predict that the price will continue to move towards my target zones.
However, it is possible that the price may remain within a certain range for a period of time, or even fall below the trendline. Nonetheless, my overall bias remains bullish.
What do you think? like and comment below
S&P500 - Short from bearish order block ✅Hello traders!
‼️ This is my perspective of US500 .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
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US500 to bounce from here towards daily resistanceSo as mentioned in the previous post, the price hit the target of 3990 following S1 path. This is a weekly support zone and I expect a bounce from here. The degree of bounce from here and the momentum in that bounce will decide the next course for the price action. The bounce will head towards daily resistance 1 and 2 zone.
US500 to hit the weekly support and then bounceUS500 is on the way to revisit the weekly support zone around 3990. Currently it has hit the daily support but it is likely that it will go and at least touch the weekly support zone. But they both are quite close. That will definitely produce a bounce to the upside and might bring the price to daily resistance level. Let us see if this daily produces enough momentum to lead it to the resistance. But I would incline towards it touching weekly first before heading towards resistance and that would also be favorable for a better entry point and a better RR.
US500 likely to bounce from 4h supportUS500 so finally ended up revisiting this support area. There is a likelihood that it will bounce from here. Lets watch the bounce to at least marked level of 4110.
SPX's intraday dips continue to attract buyers.US500 - Intraday - We look to Buy at 4115 (stop at 4075)
There is no clear indication that the upward move is coming to an end.
A move higher faces tough resistance and we remain cautious on upside potential.
Intraday, and we are between bespoke support and resistance 4115-4220.
Preferred trade is to buy on dips.
Intraday signals are far from strong.
Our profit targets will be 4220 and 4231
Resistance: 4195 / 4220 / 4322
Support: 4115 / 4089 / 4079
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.
US500 Long Play 06-02-23 (H4)This week I'm targeting the daily FVG. We broke the previous BSL last week now heading toward the FVG.
US500 Long Play 06-02-23 (DAILY)This week I'm targeting the daily FVG. We broke the previous BSL last week now heading toward the FVG.
S&P500 - Expect retracement ✅ Hello traders!
‼️ This is my perspective of EURCHF .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement as we can see normal divergence in formation and if price rejects from bullish orderblock I will open a long position.
‼️Attention!!! Due to the fact that we have a lot of news events this week, the analysis can be invalidated.
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