New York Session Recap - SPX500, NAS100Took 2 trades in New York Session. Trend Retracement setup on SPX500 and NAS100.07:15by nohypetrader0
Bulls and Bears zone for 09-11-2024S&P 500 has posted back to back gains this week since the pullback last week. Patience is the virtue. Level to watch : 5501 --- 5499 by traderdan590
SPX500 9/11/24💹 Indices: 👁️ Outlook Daly Bias: Bullish Tokyo: Distribution into accumulation London: Accumulation heading towards Tokyo highs New York: We are opening inside the london and tokyo range. We also have CPI in about 2 min so we just wait for that to clear then look for longs. Keeping an eye on this. 👁️Longby angelvalentinx1
SPX - Clear View to All Time High? Not so fastGood morning nerds! Alright, quick 5 minute update on SPX. There's a motto for the update today and that is "We are not out of the woods yet!" We've seen a decent move the last two days off the 5400 test last Friday but even though it looks decent, a lot still needs to happen. We're still trading below the 21 day exponential moving average in a month that tends to be bearish or at least corrective. A bullish August into a bearish September seems to rhyme with prior price action from previous years. Ideally a move back to test that 5400 level would be preferred before a move back to ATH, however if we happen to get back into the distribution zone before retesting 5400, then it's likely we will move to 5800 and probably higher. If we get back to 5322-5400 beforehand, then that 5800 target by EOY becomes more realistic. You gotta let the market breathe and especially in these months, you need to be a little more conservative with your positioning solely based on the season that we are in.Long05:13by bitdoctor1
Sell OpportunityTrading Signal: S&P 500 Index Action: Sell Entry Price: 5496.00 Take Profit: 5340.00 Stop Loss: 5565.00 Rationale: The S&P 500 index is currently positioned for a sell trade based on technical analysis indicating potential downside momentum. The entry point is set at 5496.00, with a take-profit target of 5340.00 and a stop-loss at 5565.00 to manage risk. Disclaimer: Trading signals are for informational purposes only and should not be considered financial advice. Traders are advised to conduct their own analysis and consider risk management strategies before executing trades.Shortby GODOCM0
SPX Update - Good CPI Scenario worked outHello traders! Today I update the idea I shared on 13th Aug. On 13th Aug i highlighted 3 scenarios (1 on tradingview considering bad CPI, 2 on telegram considering mid and good CPIs) SPX followed the bullish scenario (green) - after CPI Aug release. Market is really weird, personally I think that Inflation cuts will lead to lower levels if 50bps (because it would mean that US economy is really bleeding, bearish short term) - while would lead to a full bullmarket if 25pbs. Right now we are holding and hedging position on BTC - which replicates SPX movements. Buy Spot at 55235$ - Short at 60465$ Waiting for retest + confirmation to close the "wrong" alignment. - Saving our convenient buy (and planning others at lower levels) is our highest priority. Send a DM for private channel. by flectxino0
S&P500Hello traders, I think the price has reached an important area and has the ability to fall from this area. If SP500 allows me to trade according to my trading plan, I will exit the trade with a reward 2 or stop loss. Have a good weekShortby sajjad_bakhshipour0
SPX Daily bounce underway?Price abruptly started weekly consolidation after failing the bull flag. I expect the price to continue bouncing until we find a daily lower high. For the bounce to start, surpassing the previous day high at 5,487 is a must. Can we hold the last week low at 5,386? otherwise weekly consolidation will continue. Longby hectordsd0
SPX500 H4 | Overlap resistance at 50% Fibonacci retracementSPX500 is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 5,520.41 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 5,580.00 which is a level that sits above the 61.8% Fibonacci retracement level and an overlap resistance. Take profit is at 5,388.72 which is a swing-low support that aligns close to the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short03:30by FXCM0
240910 Market OutlookThe SP:SPX market turns sluggish with the last day closing price is within the prior day candlestick. Most indicators show mixed signals on the daily chart: - Stochastic show strong divergence buy signal; - RSI is neutral shuttling up and down around the level of 50 points; - MACD Signal line show death cross of MACD line, while histogram of average size indicate medium falling power and may turn to positive. The latter need more observations. ------- Major economic data release include the following statistics this week: Inflation Rate (CPI) on Wednesday ECB Rate Decision on Thu PPI on Thu Initial Jobless Claims on Thu Michigan Consumer Sentiment on on Fri. ---------------- Overall state of US economy is moderate that is no strong growth is on horizon, neither have no signs of recession. The 2024 is the year of negative real GDP growth rate in the US. There was a sign of weakening labor market last Friday. SP:SPX is relentless to disturbance and still clinging upward though, showing strong consumer confidence in late 2025. by moncap20230
US500 Is Very Bearish! Sell! Please, check our technical outlook for US500. Time Frame: 10h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5,477.28. Taking into consideration the structure & trend analysis, I believe that the market will reach 5,392.64 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!UShortby SignalProvider112
[US Stock] The forecasting of SPX Index's price action The forecasting of SPX Index's price action on Sept 10th, 2024Shortby vnforecaster1
SPX500 Rebounds. Support Respected.SPX500 respected its weekly support line and reverses. Expect more ascending movements from hereon: Spotted 4027.0 SL at 3800 TAYOR. by JSALUpdated 4
S&P Rising wedge?Purely hypothetical and for academic purposes only... Lose the rising wedge. Retest resistance. Form a double top. The target is where the rising wedge began. around a 25% drop from the highs. If recession in the USA is unavoidable. This may play out.by QuineMD1
Short trade Trade Details: Date: Tuesday, 3rd September 2024 Pair: SPX/USD Time: 11:00 PM Trade Type: Sellside trade idea Time Frame: (15min TF) Entry Level: 5543.1 Profit Level: 5402.8 (a 2.53% - 1403 PIPS) Stop Level: 5558.6 (a 0.28% - 155 PIPS) Risk-Reward Ratio (RR): 9.05 Trade Idea: This sellside trade on SPX/USD is set for late in the session on Tuesday, 3rd September 2024. Shortby davidjulien369Updated 1
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
SPX500 Outlook💹 Indices: 👁️ Outlook Long Term time frame (5hr): We have been breaking bearish on the 5hr and showing strength to the downside. Long Term (5hr): Price however is over extended and needs to build liquidity over the week. Intermediate frame (30m): This is what I am expecting for the sessions to look like by the time its NY session. I believe we could be seeing longs for the start of the week on Indices to build that liquidity. I will be looking for longs Monday NY session depending how price looks at 8:30am EST. Keeping an eye on this. 👁️Longby angelvalentinx1
SPX-H4SPX_H4 Maybe I'm too optimistic about the market, but I expected a short rally by the end of the week, from point to point mentioned.Longby TexasSadr0
Mastering Trading ConfluenceIn the world of trading, success often hinges on making informed decisions based on reliable analysis. However, relying on a single indicator or tool can sometimes lead to false signals and missed opportunities. This is where the concept of trading confluence comes into play. Trading confluence refers to the alignment of multiple indicators, tools, or analysis techniques to confirm trading signals, thereby increasing the probability of a successful trade. 🔵𝚆𝙷𝙰𝚃 𝙸𝚂 𝚃𝚁𝙰𝙳𝙸𝙽𝙶 𝙲𝙾𝙽𝙵𝙻𝚄𝙴𝙽𝙲𝙴? Confluence in trading is the process of combining different technical analysis tools to identify high-probability trading opportunities. Instead of relying on a single indicator, traders look for areas where multiple indicators or strategies align, providing a stronger signal for entering or exiting a trade. These tools might include price action analysis, moving averages, Fibonacci retracements, support and resistance levels, or even fundamental analysis. When several tools point to the same conclusion, the signal is considered more robust, reducing the likelihood of false positives and improving the chances of a successful trade. 🔵𝚆𝙷𝚈 𝙸𝚂 𝙲𝙾𝙽𝙵𝙻𝚄𝙴𝙽𝙲𝙴 𝙸𝙼𝙿𝙾𝚁𝚃𝙰𝙽𝚃? The financial markets are complex, with numerous factors influencing price movements. Relying on a single indicator can lead to inconsistent results, as no indicator is infallible. By using confluence, traders can: Increase Confidence in Trade Decisions : When multiple indicators confirm the same signal, it provides traders with greater confidence to act on that signal, knowing that it is backed by various forms of analysis. Filter Out False Signals : Indicators sometimes produce false signals. By requiring alignment between different tools, confluence helps filter out these false positives, leading to more reliable trading decisions. Enhance Risk Management : Confluence allows traders to pinpoint more precise entry and exit points, which can lead to tighter stop-loss levels and better risk-reward ratios. This, in turn, can improve overall portfolio performance. 🔵𝙷𝙾𝚆 𝚃𝙾 𝚄𝚂𝙴 𝙲𝙾𝙽𝙵𝙻𝚄𝙴𝙽𝙲𝙴 𝙸𝙽 𝚃𝚁𝙰𝙳𝙸𝙽𝙶 To effectively use confluence in your trading strategy, consider the following steps: Select Complementary Indicators : Choose indicators that complement each other rather than those that replicate the same information. For example, combining a momentum indicator like the Relative Strength Index (RSI) with a trend-following indicator like a Moving Average can provide a more comprehensive view of market conditions. Identify Key Levels : Look for confluence at key levels such as support and resistance zones, Fibonacci retracement levels, or pivot points. When price action aligns with these levels and is confirmed by multiple indicators, it suggests a higher probability trade setup. Confluence of Chart Patterns and Oscillator One powerful example of confluence is when a chart pattern like Equal Highs (EQH) aligns with a momentum indicator such as the Stochastic RSI. This combination provides more confidence in determining the trend direction. When both the EQH pattern and Stochastic RSI align, such as when price hits equal highs while the Stochastic RSI shows overbought conditions, traders can have increased confidence in anticipating a trend reversal. Combining Same-Type Indicators - Using multiple trend-following indicators, such as the Aroon, Directional Movement Index (DMI), and the 50-period Simple Moving Average (SMA), can enhance your ability to identify strong trends and avoid false signals. These indicators complement each other by offering different perspectives on trend strength and direction. - Combining multiple mean reversion indicators can provide stronger signals for potential price reversals. This approach helps in identifying overbought or oversold conditions with greater confidence. Here are some ways to create confluence using mean reversion indicators: When multiple indicators align to show overbought or oversold conditions, it provides a stronger signal for a possible price reversal. However, it's important to remember that even with confluence, no indicator combination is foolproof, and proper risk management should always be employed. Use Multiple Time Frames : Analyzing confluence across different time frames can provide additional confirmation. For instance, if a bullish signal is confirmed on both the daily and hourly charts, it strengthens the case for entering a long position. Multiple timeframe analysis is a highly effective strategy in technical analysis, as it allows traders to see the broader picture of market trends and zoom into shorter-term price movements. One common approach is to apply a 50-period Simple Moving Average (SMA) across different timeframes, such as 3D, 1D, 12H, and 4H charts, to assess trend strength and direction. By combining these timeframes with the 50-period SMA, traders can assess whether the trend is aligned across different perspectives. For example, if the price is above the 50-SMA on the 3D and 1D charts but below it on the 4H chart, it might signal a short-term pullback within a larger uptrend. This confluence of trend analysis across multiple timeframes provides a more robust trading strategy. Combine Technical and Fundamental Analysis : While technical indicators are the primary tools for identifying confluence, integrating fundamental analysis (such as economic reports, earnings releases, or geopolitical events) can further validate your trading decisions. Practice Patience and Discipline : Trading confluence requires patience. It’s important not to force trades when indicators are not in alignment. Waiting for confluence signals can prevent impulsive trades and improve your long-term success rate. 🔵𝙻𝙸𝙼𝙸𝚃𝙰𝚃𝙸𝙾𝙽𝚂 𝙾𝙵 𝚃𝚁𝙰𝙳𝙸𝙽𝙶 𝙲𝙾𝙽𝙵𝙻𝚄𝙴𝙽𝙲𝙴 While trading confluence can significantly enhance your trading strategy, it’s important to acknowledge its limitations: Overfitting : Relying on too many indicators can lead to overfitting, where the analysis becomes too complex, and signals become rare or conflicting. It's essential to strike a balance and avoid excessive complexity. Subjectivity : Confluence can be somewhat subjective, as traders might interpret the alignment of indicators differently. Developing a consistent and disciplined approach to identifying confluence is key. Delayed Signals : Waiting for multiple indicators to align can sometimes result in missed opportunities, especially in fast-moving markets. Traders should be aware of the trade-off between signal reliability and timing. 🔵𝙲𝙾𝙽𝙲𝙻𝚄𝚂𝙸𝙾𝙽 Trading confluence is a powerful concept that can enhance the quality of your trading decisions by providing more reliable signals and reducing the risk of false positives. By combining complementary indicators, analyzing multiple time frames, and incorporating both technical and fundamental analysis, traders can increase their confidence and improve their overall performance. However, it’s important to remain mindful of the potential limitations and to apply confluence in a disciplined and balanced manner. By mastering trading confluence, you’ll be better equipped to navigate the complexities of the market and make informed decisions that align with your trading goals.Educationby BigBeluga3372
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