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Us500long

US500 3396.8 + 0.24 % * CONTINUATION + FUNDAMENTALGood Day Everyone' A look at the S&P500 which has been trading in ascending triangle on the 4H chart looking for a break above of structure to trigger the trade looking for continuation of the trend to the upside with the bulls. The S&P 500 and Nasdaq closed at record highs on Friday, as data pointed to some pockets of strength in the U.S. economy. INVEST.COM - report showed U.S. home sales rose at a record pace for a second straight month in July and home prices hit all-time highs. unexpectedly sharp increases in Markit's indexes extend a pattern of choppy U.S. economic data this week - including weekly jobless claims - that paint a picture of a fitful recovery from the COVID-19 recession. "It's not surprising to see a pickup in manufacturing as the economy has started to reopen, even though pockets of the country have pulled back on their reopening," said Lindsey Bell, chief investment strategist at Ally Invest. "It's an encouraging sign and it supports the upside we have seen in the markets." za.investing.com we'll see how it goes. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 3440.0 TP 2 - 3480.0 SL - 3377.9 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu
US500 3223.4 + 0.53% LONG IDEA * CONTINUATION & FUNDAMENTALS Good Day Everyone A look at US500 starting from the monthly perspective we remain in a bullish rally for third month in a row hitting ( HH ). Coming down to the weekly we broke level 3191.3 support level we could see a retest of this level before we see a continuation to the upside this week but on a larger scale we are still net long on the index. On the daily we broke out of a descending channel rallied up and we are now at level 3236.1 which saw a couple of rejections. S&P500 is still range bound within structure for now bound in a symetrical triangle on the 4H chart waiting for a breakout of structure to confirm and determine direction amongst other things as we are still net long on higher timeframes the sentiment is still net long. lets see how it goes. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
ULong
by PULEMokhothu
📈Here's the S&P Year review - and where we could go nextI have drawn an easy to understand technical chart of the S&P500, highlighting the major support and resistance areas from December to July, using a daily chart (each bar is 1 day of trading on the S&P500). Notice on the left side of the chart all supports levels that broke, acted as resistance post FED bazooka and eventually turned back into support. When support turns resistance and vice visa, this gives levels more importance, as they have served both sides, it’s clear that day traders and swing traders are watching these levels for breakouts and reversals. My chart starts off in December 2019 when the S&P500 was approaching its 10th year in a bull market (longest ever in recorded history), with no signs of stopping. That was until January 22nd, when the chart started to display a bearish divergence (the green lines). A bearish divergence is one of the most popular tools that traders utilise to time market reversals, this type of divergence forms on a chart when price prints a higher high, but the indicator you are using fails to follow suit (I’m using RSI). A divergence in a market is an early signal that an existing trend is likely to reverse and/or consolidate. In the case of the S&P500 in February 20th, the trend reversed and the index fell 35%, my guess is that it would have kept falling if the FED did not launch its BAZOOKA. Since its March 23rd low, the S&P500 has rallied all the way back up to it’s current level of 3,200, and is hovering at June 9th high (resistance level). If the S&P can clearly break this level upward, there’s a good chance it will re-test the all time high, as there is nothing else in the way, and the market will have all eyes on the ATH. If it cannot break the first area of resistance, it will most likely re-test the 3,000 level for a third time (the more times a level is tested, the more likely it is to break it). If the 3,000 level breaks down, the next area of is 2,700 and after that the 2,200. What is worrying is that we can see a second bearish divergence (green lines). Price is trying to move higher than the June close, but the momentum is dwindling, singing the existing trend is likely to reverse and/or consolidate. The last time this happened in the S&P500 it dropped 35%, what will happen this time with the FED ready to step in, and retail buyers ready to buy all the dips? Only time will tell. I hope this brings everyone up to date on the price action of the S&P500 and major areas to watch for. If you have any questions, feel free to ask below.
OANDA:SPX500USD
by BangkokCharts
13
US500 3189.6 + 1.18% LONG IDEA Good Day Everyone Here's an idea on the US500 index looking for continuation to the upside resistance level 3189.6 a break above this level will signal continuation to the upside amongst other things a rejection at this level will change the trading plan so look out for updates on the index. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
ULong
by PULEMokhothu
US500 3157.5 -0.67 % LONG IDEA Good Day Everyone Here's my idea on the S&P 500 looking at it from a 4H chart looking for continuation to the upside the index just retraced a bit ranging in a pennant formation currently which could signal continuation to the upside looking for significant moves to the upside... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TP 1 - 3207.8 TP 2 - 3239.1 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
ULong
by PULEMokhothu
US500 3204.1 + 0.47% LONG IDEAGood Day Evereyone Here's an idea on the US500 CFD, just broke resistance level 3184.5 looking for continuation to the upside on the CFD, should the be a significant move to the downside as most indicators are overbought the trade will be cancelled and will look for bearish opportunuties on the CFD.. __________________________________________________________________________________________________________________________ Target 1 - 3289.9 Target 2 - 3343.1 SL & ENTRY - FOLLOW YOUR RULES PERIOD - SWING __________________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
ULong
by PULEMokhothu
SPX (US500) Technical overview Briefly and clearly. According to my observations, the SPX index is least susceptible to volatility and has a clear picture of the development of events. I think the United States will push the indices to a new maximum since we have a very strong mess ahead of us in the second half of the year, these are the Financial Reports and the US presidential election, and as we all know, there is a big take-off before a big fall. We all know about FED and their tools and have long been convinced that the market is crazy, that’s why we are moving along the trail of large sharks. I still hold my position at LONG, because I believe in the instrument and its growth. My subjective opinion does not force anyone to open positions and invest in markets. Leave comments and like, support the channel!
CAPITALCOM:US500
by TradingExpertGroup
US500 3044.3 -0.48% LONG IDEA GOOD DAY EVERYONE... HERE'S AN IDEA ON THE S&P500, U.S STOCKS OPENED LOWER TODAY PROBABLY DUE TO INVESTORS BEING CAUTIOUS WITH EVERYTHING HAPPENING IN THE U.S - COUNTRYWIDE PROTEST AND THOSE TENSIONS BETWEEN THE U.S AND BEIJING. > ON FRIDAY U.S STOCKS FINISHED SLIGHTLY HIGHER AFTER PRESIDENT TRUMP ANNOUNCED AGAINST CHINA IN RESPONSE TO NEW LEGISLATION THAT WEREN'T THREATENING TO THE U.S ECONOMY AS INVESTORS HAD FEARED. > US500 IS STILL TRADING IN THAT ASCENDING CHANNEL WE SEE A FORMATION OF A PENNANT, LOOKING AT TWO POSSIBLE SCENARIOS ON THE STOCK. > IF WE BREAK ABOVE THE PENNANT LOOKING FOR LONGS ON THE STOCK AND A BREAK BELOW LOOKING FOR A RETEST OF SUPPORT LEVEL 2988.7 ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
ULong
by PULEMokhothu
US500 2988.4 - 0.33% LONG IDEAGOOD DAY EVERYONE HERE'S A LONG IDEA ON THE US500 INDEX, THE S&P 500 HAS RECOVERED A GREAT DEAL TO COVER LOST GROUND IN THE LAST COUPLE OF WEEKS.. > THE MARKET IS TRADING AT + 2 MONTH HIGH OR SO THE INDEX HAS BEEN STRUGGLING TO HIT THAT 3000 MARK BUT GAINING TRACTION NONETHELESS... > WE'VE SEEN THE FORMATION OF AN ASCENDING CHANNEL ON THE INDEX HOPING THE STRUCTURE HOLDS LOOKING FOR LONG OPPORTUNITIES IN THE INDEX TARGET - 3100 RISK MANAGEMENT PERIOD - DAY TRADE
ULong
by PULEMokhothu
Will the BEARS continue to get CRUSHED? Price at Key Area!The TVC:SPX gained another 3.01% last week. Our view last week was that there was the potential for price decline to 2800 which would be a good area to go long. However the Bulls are clearly still very aggressive in this market and so we did not get that retest. More importantly price was able to close above the important level of 3000. I believe we may get a drop in price before a BULLISH continuation, this view is also supported by a monthly gain of 3.57%. This week I will be looking to add further positions in key buying areas.
TVC:SPXLong
by Too_Ray1