S&P 500 Financials - Daily in logHello community,
A short analysis of the SP500 Finance index.
For this, I use regression lines with two time units, short and medium.
The trend is bullish but we are at the top of the medium-term and short-term channel.
A retracement may be desirable.
Make your own opinion before placing an order.
Major Sectors that may influence US Markets this week!Health Care
Following an extended consolidation phase from December 2021 to August 2024, the healthcare index has developed an Inverted Head & Shoulder pattern.
With a recent breakout, the index is now set to experience significant upward momentum.
Industrials
Similar to the healthcare
BX: Ascending Triangle, Confirmed (36,89%)(25/1000)(25/1000)
Ascending Triangle for BX (chart on left)
Confirmed with volume
Possible 36,89% gains.
This is solidified by the fact the SPF (Finance sector, chart on right) is in an ascending channel.
Watch closely as it moves from bottom to top of channel. If the price action breaks the lower support
S&P Financials could test the 410 points The S&P Financials sector index has been stabilising around the 520 points, however , going forward a deeper technical correction
could see the index trendline drifting lower on the Senkou A/B support, that would see a-23.5% correction with the S&P Financials index going down to 410 points
S&P (SFP): Financial sector descending channelHi all,
Looking into the financial sector on the S&P this morning.
Currently into a descending channel that has no end in sight.
All started with initial high an lows that happened in Jan 2022.
Initial high an low were followed with a string of Lower highs and lower lows with a price action staying
S&P500 Financial Sector coming up!SP:SPF
S & P500 Financials 1D
The S & P500 financial sector looks very promising at the moment. Until the price goes below the level = 618, we still have the idea of convergence, which is now almost formed. This means an increase in prices for shares 658.24, 676.86, which are part of this sector
SPF Testing 10-Year High / All-Time HighSPF has fallen short of reaching its all time high of $510 in 2007 before the financial crisis. Could this be a psychological barrier for traders? The cause of the financial crisis was banks taking on risky assets and appraising them, fraudulently, as safe investments in the form of CDO's. Their mis
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.