S&P 500 - Elliott WavesElliot waves identified in the S&P500 daily chart with support in the marked area. Possible long entry with resistance in the marked zone. The Second target is the lower boundary of the long-term trend channel.
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Us500signals
US500 LONGS 📉📉📉Expecting bullish price action on this pair as price is in a bullish trend on a HTF, taked out liquidity below 4300 closed above bullish, retraced to fill the bullish imbalance and right now we are going higher for the w1 imbalance and 4700. This is a swing entry so please remember it will take some time to capitalise
What do you think ? Comment below..
US30 LONGS UPDATE 📉📉📉We are in profit on this trade, i expect bullish price action way above liquidity pool and new ATH"s to be formed, vix is down and we are in a risk on market environment that should support our long idea.
What do you think ? Comment below..
NASDAQ LONGS UPDATE 📉📉📉Expect the price to reach weekly high and close all the bearish imbalances, vix is down we are in a risk on market environment and indexes should rise+santa claus rally that is coming next week.
What do you think ? Comment below..
S&P500 Solid long-term buy opportunityMy most recent S&P500 idea was a short-term one on the 4H time-frame, where I called for a pull-back and then rebound to 4740:
The target has been hit but the latest pandemic news were used as the catalyst for a new, deeper pull-back. I am switching back to the 1D time-frame where the index has just hit the 1D MA100 (green trend-line) again, for the first time since the December 03 low. As shown on the chart, this sequence has been spotted another 2 times before within this 12-month Channel Up:
a) Double Top on the Resistance, b) Pull-back, c) RSI Double Bottom and d) Rebound to the 2.0 Fibonacci Extension level
In our firm's perspective, once this formation is completed again, we expect another rebound. Our new long-term target is 4850.
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VIX LONGS ✅✅✅I see bullish price action on VIX as we are approaching an important area of support if you will, price closed all the bullish gaps made on the last week's panic and right now its going in my opinion to close bearish gap near 28$.
This means RISK OFF in the markets this means SHORT INDEXES.
What do you think ? Comment below..
S&P500 Long and Short SetupS&P 500 Weekly Plan
Long Setup:
🔵 Entry Level: $4598.0
🟢 Take Profit: $4645.3 (2.05 R)
⛔ Stop Loss: $4574.9
Short Setup:
🔵 Entry Level: $4651.8
🟢 Take Profit: $4599.4 (1.59 R)
⛔ Stop Loss: $4684.7
Reasons:
1) A clear setup would be opening a long position at what was recently resistance, as it is likely to be turned into support. However, this is too obvious of a setup and I believe a lot of traders will place buy orders there, so I believe there may be a fake-out. As such, I will be waiting for a retest of that level and if it holds, I will open a long order. I am mapping this level at the moment, so that I am prepared.
2) The short order is placed at the upper trend line of the ascending channel. It has already been respected 5 times, so I will keep opening short orders until it either fails (price goes through it) or we stop testing it. With that being said, the entry may move up depending on how the price reacts in the next couple of days
US30 predictionJust my forecast about Dow, dased on order blocks logic, on BBOXs and volume. Nothing more, nothing less.
US500 approaching support levelsThe US500 might find some support around this 4280 support zone. Will wait for a pause in that area to confirm actual buyers stepping in.
US Market Technicals Ahead (20 September – 24 September 2021)This Wednesday’s Fed policy announcement will be the main directional driver for equity markets as investors will be expecting to hear if the central bank will begin withdrawing stimulus this year. Several policymakers have been calling for early tapering despite the recent slowdown in inflation numbers.
On the economic data front, notable publications include building permits and housing starts, the flash Markit PMI survey, new and existing home sales. Several other central banks will also hold meetings in the week ahead, including the Bank of Japan and the Bank of England.
Meanwhile, embattled Chinese property developer Evergrande (HK:3333) faces the prospect of defaulting on its debts, stoking fears of contagion that could spread to markets outside of China.
Here’s what you need to know to start your week.
S&P500 (US Market)
With stocks struggling in this seasonally weak month for the market, all three major averages are negative month to date , but still sit less than 3% below their all-time highs.
The benchmark index $SPX ended with week on consecutive losses, posting a further loss of -0.97% (-43.3 points). The Federal Reserve’s highly anticipated September meeting is set to occur this week. Fed Chair Jerome Powell will hold a press conference Wednesday at the conclusion of the two-day meeting. Investors are awaiting for more specifics about the Fed’s tapering of its easy monetary policy, particularly after mixed economic data released over the past weeks.
$SPX breached its 20DMA and 50DMA support, currently trading at the support zone of its medium term trend channel. This is the 7th occurrence since 25th March 2021, where $SPX would rebound in the immediate week and swing towards another all time high.
The immediate support to watch for $SPX this week is at 4,375 level; a significant 2ATR breakdown from its current up trend channel, a first sign of weakness in this mid-term rally.
Federal Reserve meeting
The Fed will begin its two-day policy meeting starting Tuesday ahead of its policy announcement on Wednesday afternoon and investors will be on the lookout for any details of the central bank’s plans to start paring back its $120 billion a month emergency stimulus program.
The Fed’s timeline for scaling back economic stimulus is important as it represents a first step towards eventual interest rate hikes.
Several Fed officials have said tapering should start this year, a view Fed Chair Jerome Powell may echo, while stressing a rate hike is still way off.
The Fed may stick to a cautious approach giving economic uncertainty due to rising COVID-19 cases and a weak jobs report for August.
Economic data
The U.S. data calendar for the week ahead is centered around housing figures, which are set to stabilize after a slight uptick in mortgage approvals for home purchases in recent weeks.
Data on housing starts and building permits data are due out on Tuesday, followed by figures on existing home sales on Wednesday and data on new home sales is due for release on Friday.
Market watchers will also be looking at Thursday’s report on initial jobless claims amid concerns over the hit to the economic recovery in the current quarter from the spread of the Delta coronavirus variant, especially among people who are hesitant to take vaccines.
Central bank meetings
Besides the Fed, several other major global central banks are also holding meetings in the coming days.
The Bank of Japan, which also meets on Tuesday and Wednesday, is widely expected to keep policy steady but may warn about growing risks to exports from supply disruptions.
On Thursday, Norway’s central bank is set to become the first from the developed world to hike rates since the pandemic, likely raising its main 0% rate to 0.25%.
The Bank of England is unlikely to change policy at its Thursday meeting but may indicate whether it still views inflation as transitory.
Crunch time for Evergrande
Indebted Chinese property developer Evergrande has a bond interest payment of $83.5 million due on Thursday, with investors pricing in a high likelihood of default.
That such a tiny amount could be the tipping point for a $355 billion behemoth with more than 1,300 developments across China and over $300 billion of liabilities shows how bad things are.
China’s second largest developer has been scrambling to raise cash, with fire sales on apartments and stake sales in its sprawling business network, but with little success.
Concerns that Evergrande could default on its debts is spilling over into China’s financial markets and even risks contagion that could spread to markets beyond China.
SPX500 vs TLT : Are you expecting a big than ever drop? When...Just a fast idea about correlation between SPX500 (US500) and TLT.
I'm more bearish than bullish over Sp500, however I just find out TLT correlation with market. Just read more...
I was expected a major drop here in September, but seems not strong enough.
My other target is around March / April. Why? Because of Financial results.
Can we expect super good gains in a market that drained every stock reserve in 2 year where retails "buyed everything they can find, while at home?" I suppose no.
You simply can't sell a 10$ Toys for 100$. If you can't find enough supply, at least you can rise price a little to 15$, maybe 20$. But if before you where able to sell 200.000 pcs x 10$ = 2M$, now you only have 10.000 x 15$ = 150.000$. Freaky!
Can we expect a faster recover in production while there are production "bottle necks" everywhere? I suppose no.
If I need 200.000 toys, I must find them. But if production limit is 1000 toys for week, and there are no stock reserve and high demand, my order must be shared with others. Price will be rise a little. And if my production machine broke, I must wait for a spare part. And if I produce Spare Part I must wait for chip supplier to produce it. To many "bottle necks" everywhere.
Can we expect a fast FED tapering? Maybe not, will only accelerate collapse. So anyone will stay in silence, waiting ... for collapse.
BUT WAIT... WHY TLT? IS IT WORTH?
Maybe not so worth, but higher TLT prices means less buying interest on Governative Bond. Lower prices means more are buying TLT, and this means "standard stock market credibility" just slowing down , melting off. Reads : sell stock & buy bond / commodities.
As always is only a matter of "capital movement" not to HODL till die. Just learn from Pro. Small gains everydays just build more capital than HODL.
YES BUT MY BTC STORE VALUE IS GREAT! TO THE MOOOON!
Ok, free to believe this. Only ask your self if Pro will really trust on BTC as temporary Store Value (like GOLD is only temporary) or if... they are going to screw every small retail.
TO MAKE IT SIMPLE
Whatever will happen, Oil prices, Tapering, Yield Interest, BTC to the moon... from a perspective of "simple buy and sell goods" we are already screwed. We need time to recap production, to fill warehouse, to arrange product stock supply reserve.
Hope is oil price will no go up any further, hope is in some sensate economical intervention, hope is... in cypto decentralization Fomo anarchic mind set.
Ok... We are all screwed. No way, only matter of time.
ONE LAST THING...
Can you figure the "Black Swan" when will enter in the play field? Who or what will be the Jolly Joker for a complete decline?
Share your vision.
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This is not Financial advice. Only my idea. Feel free to share, comment or add missing information.
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US500 1D: Possible SHORTUS500 1D: Possible SHORT
As we look at S&P500, we can see a possible fall from 4500 to 3400 in the coming months
US500 LONG INTRADAY IDEAHello traders,
this is my analysis for CURRENCYCOM:US500 and the way I will operate.
Post your idea/analysis below for discussion.
Thank you all for your support.
For more accurate setups, stop loss, take profits and mentoring services, FX signals, Crypto, Indices and Stocks PM me.
US500 S&P LONG Hello traders,
this is my analysis for CURRENCYCOM:US500 and the way I will operate.
Post your idea/analysis below for discussion.
Thank you all for your support.
For mentoring services, FX signals, Crypto, Indices and Stocks PM me.
US Market Technicals Ahead (19 July – 23 July 2021)Despite solid results last week as earnings season ramped up, investors have been shifting their focus to data releases with global economic growth beginning to show signs of fatigue while many countries, particularly in Asia that are struggling to curb the highly contagious Delta variant of the coronavirus. The spectre of elevated inflation, which the market has long feared, is also haunting investors. Treasury yields were plunging, signaling fearful investors are padding their portfolios with Treasuries.
The second-quarter earnings continues this week, with companies such as IBM ($IBM), Netflix ($NFLX), Intel ($INTC), Johnson & Johnson ($JNJ) and Twitter ($TWTR) reporting their results.
Other key data to follow include: US building permits and housing starts.
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index $SPX corrected -0.99% (-43.2 points) to close at 4,328 level during the week, and perceived safe haven assets, including the yen and gold, edged higher amid fears of rising inflation and a surge in coronavirus cases, while oil prices fell on oversupply worries.
The initial break out of $SPX trend channel resistance is met with rejection for its 3rd time as cautioned in the previous week. The channel support is currently priced at 4,240 level, -2% away from existing level.
The immediate support to watch for $SPX this week is at 4,285 level; an immediate break of support level established this month.