SPX Buy forecastS&P 500 INDEX New forecast👨💻👨💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...Longby King_CityStar_Fx111
ArabianSimple idea to scalp spx short dated contracts. Scalping through levels using the the help of fast and slow ema’s by Grp_crow1
US500 and the Elliott Wave Mega Cycle: What Lies Ahead? Great-Things, traders and market enthusiasts! It's Lord Medz here, bringing you another detailed analysis on the US500, this time from the perspective of the Elliott Wave Principle. Buckle up because we are diving deep into the long-term charts and cycles, looking at what could be a crucial moment in the stock market's journey over the next several years. The Elliott Wave Principle and the US500 For those who may not be familiar, the Elliott Wave Principle is a technical analysis theory used to forecast market cycles by identifying repetitive wave patterns. In this case, we are focusing on the US500 index, where we believe a mega cycle—consisting of five supercycle waves—has potentially completed its course over the past 8.4 years. Here's what we're seeing: Five Supercycle Waves: The US500 has been moving through a bullish impulse pattern for nearly a decade. Each supercycle leg, as we know, is made up of five smaller impulse waves, and historically, after the completion of a supercycle, the market tends to pull back. Recent Pullbacks: Let's take a look at some recent examples of these pullbacks: 2020: During the COVID-19 pandemic, the market retraced a massive 75%, briefly shaking the foundations of the financial world. But it wasn’t the end of the mega cycle—merely a correction within the broader trend. 2022: Another notable retracement occurred, this time by 50%. Yet again, the market rebounded quickly, suggesting we were still within the bounds of the mega cycle. What’s Next? Possible Scenarios for the US500 If this mega cycle truly has ended, as suggested by the completion of five major waves, then we could be looking at a significant correction phase. Here's what we are considering: The 33% Drop to 3750: The US500 could be setting up for a retracement of around 33%, which would pull the index down to the 3750 level. This level corresponds to a typical correction after such an extended wave cycle. From an Elliott Wave perspective, this would be a normal and healthy pullback after a long-term bullish impulse. Breaking the Swing Low at 3520: If the market breaks below the swing low at 3520, it could signal something much more ominous—a potential shift in the entire market structure from bullish to bearish. A break below this critical level could trigger widespread selling and possibly bring us into what some fear may resemble the Great Depression of the 1930s. A Time of Caution or Opportunity? Now, before you jump to conclusions, let me be clear: this is not financial advice. These scenarios are possibilities based on historical price action and the Elliott Wave theory. The markets are always unpredictable, and there are always risks. But it’s worth noting that markets go through cycles, and understanding these cycles can give traders a clearer perspective on what might come next. Should the US500 drop to 3750, it could represent an opportunity for patient traders looking for value in a pullback. However, if we see a break below 3520, it might be time to reassess the broader outlook. Final Thoughts The US500 has enjoyed a spectacular rise over the last decade, powered by strong fundamentals and unprecedented market liquidity. But as the Elliott Wave Principle suggests, every bullish impulse eventually faces a corrective phase. The real question now is how deep this correction will go. Stay sharp, manage your risk, and always have a game plan. If the Elliott Wave cycles are playing out as expected, we could be in for an eventful few years. Until next time, trade smart and stay safe. Peace, Lord MEDZ.Short06:38by Skinwah225
SPXBe careful T= 4600 Be careful The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. The RSI provides technical traders with signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. The RSI line crossing below the overbought line or above oversold line is often seen by traders as a signal to buy or sell. The RSI works best in trading ranges rather than trending markets.Shortby Mozart-BTC1
SPX500,,,H2,,, UPDATEWaiting for breakout It can be the end of the correction after touching the S/R area. Based on my view, passing out of 5500 can be a green light for new buying positions on stocks. Although, the chart is very close to an all-time high and in these cases, the market has been fluctuated and the risk is a little high. Nevertheless, I'm going to buy some after a good confirmation of over 5500. Longby pardis2
Could price drop from here?S&P500 (US500) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 5,498.75 1st Support: 5,392.64 1st Resistance: 5,562.88 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.UShortby ICmarkets1110
$SPY $SPX 30min 35EMA is still resistance hereAMEX:SPY SP:SPX 30min 35EMA is still resistance here All of last week the 35 EMA was a clear resistance and today on the pipe we did see a push back there. Our next support level is at the four hour 200 moving average and the top of the inflation cap from last month where we saw the gap up right before PPI and CPI. About the 35 EMA we do have the 50 day moving average in the one hour 200 moving average, however the momentum there is completely flat so if we get to that point I would say definitely stay neutralby SPYder_QQQueen_Trading115
SPx - Fed Rate Cut Expectations Rise as Key Economic Data AwaitsS&P 500 Technical Analysis: The price is currently trading below the pivot level of 5454, with a potential downside target of 5412. However, the price remains in a consolidation phase between 5456 and 5412 until a breakout occurs. A sustained move above 5454 would likely support a rise towards 5490 and potentially 5526. Conversely, maintaining a position below 5454 would increase the likelihood of a move down to 5412. Key Levels: Pivot Point: 5454 Resistance Levels: 5490, 5526, 5573 Support Levels: 5412, 5460, 5328 Expected Trading Range: 5471 - 5412 Trend: Short-term downtrend ----------------- Monetary Policy Shift Anticipated Amid Key Economic Releases With the economy in balance and inflation trending toward the 2% target, it is now seen as appropriate to reduce the degree of policy restrictiveness by lowering the target range for the federal funds rate. Currently, U.S. rate futures indicate a 75% probability of a 25 basis point rate cut and a 25% chance of a 50 basis point cut at the upcoming Federal Reserve monetary policy meeting. In the coming week, the spotlight will be on the U.S. consumer inflation report for August. Additionally, market participants will closely monitor other key economic indicators, including the U.S. PPI, Core PPI, Crude Oil Inventories, Initial Jobless Claims, Export Price Index, Import Price Index, and the preliminary Michigan Consumer Sentiment Index. Shortby SroshMayi7
US500 LONGUS100 LONG PLEASE DON’T BE GREEDY ENTRY POINT : yellow point TP : blue lines SL : below red line for LONG POSITION above red Line for SHORT POSITION INSTRUCTIONS: FOR risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20 US500 LONG ENTRY 5443 TP 5478 5520 5560 5600 SL 5380 like, boost, be followers PLEASE DON’T BE GREEDY Longby RODDYTRADING1
SPX: NFP shaped sentimentNegative investors sentiment marked the previous week on the US equity markets. At the start of the week a news hit the market that market favorite tech company Nvidia was charged by the U.S. Justice Department for violence of antitrust law in the US. As news is reporting, charges came from company Xockets Inc for illegal use of the company's patents related to data processing units used in AI technology. This was the initial timing of the general selloff on financial markets. Another negative news was released on Friday, when the US non farm payrolls hit the levels below market anticipated ones. During August, the US economy added 142K new jobs, while the market was expecting to see a figure near 160K. The combination of negative news and sentiment brought the S&P 500 to its worst week in 2024. The index started the week at the level of 5.645 and finished it at 5.505, about 2,5% lower. The drop was mostly led by tech companies. A weak jobs data is turning investors to reconsider their expectations of the earnings of companies in the US in the coming period. Increasing number of analysts is pointing to a possibility of a recession in the US. Investors are now increasing expectations that the Fed might cut interest rates by 50 bps at their September meeting, in order to diminish further decline of the economy and jobs market. By the CME Group FedWatch Tool, there are almost equal numbers of participants who are expecting a 25 bps and 50 bps rate cut. Analysts are in agreement that the market currently does not have a clue in which direction to trade. At this moment investors are turning their eyes toward the Fed for guidance. In this sense, some further volatility might be expected at the US equity markets, until September 19th, when the Fed will shape the sentiment and final direction of equity markets. by XBTFX12
SPX: A Double Top at the peak could lead to a short-term fall! The chart depicts a steady upward trend of the index. After reaching an all-time high close to the 5,670 level, the index saw a significant decline, dropped by nearly 550 points. However, after a recovery, the index once again neared its previous high, but experienced another setback. The emergence of a Double Top pattern, along with a clear RSI divergence, indicates that the index may face difficulties in the near future. On the downside, immediate support is found between the 5,250 and 5,300 levels. A break below this support could lead to a considerable drop in the index. Shortby NaranjCapital7
SPX- Prepare YourselfThere is so much we could say about why SPX and the market in general seems to be headed towards a generational top...but it would just be repeating what we have been yelling from the rooftops for the last year or so lol We will save the history lesson and say check out the related links But know this...YOU WERE WARNED Could we be wrong? Of course we can be wrong But what if we arent?Shortby Heartbeat_Trading7
Stock Market Potential >>>Thin Air Drop !With emphasis on the possibility, a look at the charts this weekend reveals a potential micro crash thin air drop in the US stock market developing. The accompanying chart included here shows all that "thin air" below the next support of SPX 5400-5370. Also warning you here is the VIX, Volatility Fear Index, is poised to rise dramatically, if panic gets released right now. The almost sudden realization that the US economy could have already reached a tipping point, is playing into fears of a potential highly overvalued and priced stock market. If triggered,that is the kind of big money distribution or selling, you would not want to see right now, ..especially if price starts dropping thru "thin air" on the chart. SPX Last 5408.43 THE_UNWIND WOODS OF CONNECTICUT by The_Unwind7
Downward impulse now?Expanded flat scenario still intact, within which wave of wave 1 of wave (C) could have just started.by mikeoakster111
Decision time for SPX500USDHi traders, Last week SPX500USD made a big move down into the Daily FVG. For next week we could this pair go up from here to finish the last impulsive leg (wave 5). But if it closes below the Daily FVG we could see more downside. So next week is decision time. Trade idea: Wait for a change in orderflow to bullish and a small correction down on a lower timeframe to trade longs. Or wait for the close below the Daily FVG on the Daily timeframe and trade shorts after a correction up. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading4
Simple charts and methods can make money!It's a late summer Saturday afternoon and I am writing this so you don't have to! Lot's of people don't have time to watch the market all day and night. Here is a bare bones daily chart that you can easily construct from default configured Trading View community indicators and even more easily discern the correct market position. ONLY BE IN THE MARKET WHEN THE PRICE IS ABOVE OR BELOW BOTH INDICATORS. Configure TV Alerts from the SPX price cross of the indicators and be on your way. I position in pre and post SPX ETF markets off this chart Happy Trades! And now I'm going fishing. DAPEducationby anotherDAPTrader6
S&P 500 Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has demonstrated significant downward movement, completing an Inner Index Dip at 5408 and establishing a new Mean Resistance level at 5530. There is a strong likelihood of a rebound to this level. Further, emphasis is placed on achieving the extended downward move to the target marked at Mean Support 5344, where a resilient rebound is anticipated.by TradeSelecter3
SPX500 Potential Long!SPX500 is trading in an Uptrend and indice is now Making a pullback to Retest a horizontal support Of 5645.80 so after the retest We will be expecting A local bullish rebound !Longby kacim_elloitt1
S&P 500 Daily Chart Analysis For Week of Sep 20, 2024Technical Analysis and Outlook: In the current week's trading sessions, the S&P 500 Index has demonstrated significant fluctuations, breaching the Mean Resistance level of 5648 and attaining the Inner Index Rally level of 5666 and the Key Resistance level of 5667. The index is on the verge of achieving the targeted Inner Index Rally at 5739. Yet, a potential retraction to 5620 in the upcoming week's session, with the prospect of further descent to the subsequent Mean Support indicated at 5552, could disrupt this progression. Conversely, an expected downward trend may be intercepted by the realization of a robust rebound to the Inner Index Rally at 5739, negating the anticipated decline. by TradeSelecter1
S&P 500 Aiming For Lower LowsHello, On the daily chart, the S&P 500 is currently showing a bearish trend. The price is probably going to fall below 5458.08. Two price projections, with a leaning towards 4512.20, could then result from this decrease. Even if the bearish trend is still in place, some positive enthusiasm can be sparked by the latest news. Nonetheless, there is significant bearish pressure at the level of 5561.96, so bearish interests only until the break of (C) Happy Trading, K.Shortby KhiweUpdated 1
Forecasting the S&P 500: A Complex TaskForecasting the S&P 500: A Complex Task Forecasting the S&P 500, a major stock market index, is a challenging endeavor due to numerous factors influencing its movement. These include economic indicators, corporate earnings, interest rates, geopolitical events, and market sentiment. Key Factors to Consider: Economic Indicators: Gross Domestic Product (GDP): Economic growth can positively impact stock prices. Inflation: High inflation can negatively impact corporate profits and stock prices. Unemployment Rate: A low unemployment rate generally indicates a strong economy and can support stock prices. Corporate Earnings: Profitability: Strong corporate earnings can drive stock prices higher. Earnings Expectations: Market expectations for future earnings can influence stock prices. Interest Rates: Federal Reserve Policy: Interest rate changes by the Federal Reserve can significantly impact stock prices. Lower interest rates can stimulate economic activity and boost stock prices, while higher interest rates can slow down the economy and put downward pressure on stocks. Geopolitical Events: Global Events: Political instability, trade wars, or natural disasters can affect market sentiment and stock prices. Market Sentiment: Investor Confidence: Positive investor sentiment can drive stock prices upward, while negative sentiment can lead to declines. Forecasting Methods: Fundamental Analysis: This involves analyzing economic indicators, corporate earnings, and other factors to assess the underlying value of a stock or index. Technical Analysis: This method uses historical price data and charts to identify patterns and trends that may predict future price movements. Quantitative Analysis: This approach employs statistical models and algorithms to analyze large datasets and identify correlations between variables that may influence stock prices. It's important to note that no forecasting method is foolproof. Stock markets are highly volatile, and unexpected events can significantly impact stock prices. A combination of fundamental, technical, and quantitative analysis can provide a more comprehensive understanding of market dynamics. Would you like to explore any of these factors or methods in more detail? I can also provide information on specific forecasting tools or resources.by ITManager_US1