US500 S&P Technical Analysis and Trade IdeaIn this video we take a look at the #US500 #S&P closely, revealing that it has reached a substantial resistance level and rejected now finding support. Additionally, there is a gap in price below it and an accumulation of sell orders in the form of stop losses that could be a target for bigger players. Throughout the video, we delve into trend analysis, price action, market structure, and price gaps. We also briefly mention a possible trading opportunity.
US500SHORT
Short Idea for US500 futuresDear traders,
As I tried to show on my chart, Us500 seems that its doing the circulated W2 of the impulse. Please note that the shown time frames and levels should be respected otherwise this count wont be true. I will also update during the coming days about wave 3 target of the main impulse if this count is the correct one.
Remainder: This idea is not a financial trade advise.
More pressure to keep shorts under waterI marked the 1.13 and the 1.272 fib extensions. We see an upward channel right now so short term bullish but then we should be looking to enter short around 4200.
Quick overview of banking results: JPM, Citigroup, WFCThe last week brought earnings from three major U.S. banks, including Citigroup, JP Morgan Chase & Co., and Wells Fargo. Overall, the results for the first quarter of 2023 were mixed, with indicators pointing to positive and negative trends. All three banks showed solid growth in revenue and non-interest income. However, declining deposits and loans paint a worrisome picture for the industry (together with rising provisions for credit losses). As a result, we believe the theme of banking earnings will be “big capitalized banks that can make money even in the current environment versus small, less resilient banks facing obstacles ahead.”
Citigroup
Citigroup Inc. reported a net income of $4.6 billion (up 7% YoY but down 19% YoY when excluding divesture-related impacts) for the first quarter of 2023, compared to $4.3 billion for the same period in 2022. The bank’s revenues grew 12% YoY (or 6% YoY excluding divestiture-related impacts) and 19% QoQ. Operating expenses rose by 1% YoY and 2% QoQ. Citigroup's end-of-period loans were $652 billion at quarter end, down 1% YoY. Deposits remained unchanged versus the prior year, standing at $1.3 trillion.
JP Morgan Chase & Co.
For the first quarter of 2023, JPMorgan Chase & Co reported $12.6 billion in net income (up 52% YoY and 15% QoQ) and record managed revenue of $39.3 billion (up 25% YoY and 11% QoQ). Its noninterest expenses rose to $20.1 billion (by 5% YoY and 6% QoQ). The Consumer & Community Banking division had an ROE of 40%, with average deposits down 4% YoY and client investment assets down 1% YoY. The Commercial Banking division saw its average loans grow 13% YoY and 1% QoQ. However, it experienced a decline in average deposits of 16% YoY and 5% QoQ. Meanwhile, the Asset Wealth Management division saw average loans drop by 1% YoY and 1% QoQ, with average deposits declining as much as 22% YoY. The bank’s total deposits dropped by 7% YoY and average deposits by 14% YoY and 3% QoQ.
Wells Fargo
Wells Fargo reported $4.9 billion (up 32% YoY and 52% QoQ) in net income and $20.7 billion in total revenue (up 17% YoY and 3% QoQ) for the first quarter 2023. Net interest income rose by 45% YoY, while noninterest income dropped 13% YoY. Period-end deposits decreased by 8% YoY and 2% QoQ. Furthermore, period-end assets fell by 3% YoY.
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 - 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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US500 SHORT Currently I'm just waiting for us500 to rise up to 4005 which is my liquidity area for it to then drop down to the 3960 area taking out multiple traders along the way.
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.
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.
US500 - Short - RR3Smart Money Concepts
During the london killzine (2.00-5.00 ny time) a draw on buyside liquidity took place. The draw on liquidity took out the previous high and formed a bearish market structure shift.
As a result of taking out the previous high and forming a market structure shift, a bearish breaker block has formed. Due to the strong bearish momentum, a bearish fvg has formed.
There's a difference between an imbalance and an fvg. We only take an entry on an fvg combined with a breaker. An fvg is a 3 candle formation that has formed immediatly after a draw on liquidity.
The overlap between the breaker and the fvg is our point of interest to take an entry. In addition, a bearish orderblock has also been formed, which will serve as a last line of defence for our stop loss placement.
As an extra confluence to the above strategy, at least one of the conditions below must be present as well (not all of them are required, one is sufficient enough).
1. MACD signal must be bearish for a short, or bullish for a long
2. MACD bullish divergence for a long, or macd bearish divergence for a short
3. Hull Suite green colored and price above the ribbon for a long, or Hull Suite red colored and price below the ribbon for a short.
4. RSI over bought for a short, or rsi oversold for a long
5. RSI bullish divergence for a long, or RSI bearish divergence for a short
6. Fibonacci golden pocket
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 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.
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
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.
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.
ES MINI short at breaker This is a es mini short at 5m breaker. I expect price to visit back a daily OB below
SPX short term trend has turned negative.US500 - Intraday - We look to Sell at 4091 (stop at 4127)
Price action has posted a bearish Outside Day and is negative for short-term sentiment.
An overnight negative theme in Equities has led to a lower open this morning.
Bespoke support is located at 3997.
Previous support, now becomes resistance at 4091.
Bespoke resistance is located at 4091.
Our profit targets will be 4001 and 3991
Resistance: 4091 / 4155 / 4174
Support: 4051 / 3996 / 3974
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.
SPX to stall at trend line resistance.US500 - Intraday - We look to Sell at 4151 (stop at 4186)
Trading within a Corrective Channel formation.
Trend line resistance is located at 4154.
Bespoke resistance is located at 4151.
Preferred trade is to sell into rallies.
The medium term bias is neutral.
Our profit targets will be 4074 and 4041
Resistance: 4151 / 4154 / 4194
Support: 4074 / 4041 / 3979
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.
US500There are strong signs of a bullish dollar and a weakening of US-equity based indices. We have a CHOCH and BOS on the 4HR indicating a bearish order flow.
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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SPX 3300 The most expected C wave correction started in SPX and All world indices.
As 2022 may be ended with sell off candle pattern from 4818 to 3756, New year may follow through ,continuing C wave in a classic Elliott wave pattern
SPX SPX500 US500 S&P500Entered short at 4048 Yearly Pivot.
Target 3333, Stop loss above 4100.
I think price action is similar to March 2002.
