6000 hit, possible topping area ahead. Watch out.(M) Top of ascending channel, pretty high TD count and surfing upper Bollinger band. Watch out for possible fakeout and bearish divergences in the making. Some tricky months ahead.by f-739
S&P 500 INDEX to 6000 before mid 2023Firstly a big thank you for taking me past the 10k likes on Tradingview. That’s a great milestone and tells me the ideas must be appreciated. If it is okay with you I’ll continue to share them freely. As a thank you for taking my ideas past this milestone I want to share the idea that will challenge 95% of those reading. You will just not believe what is about to happen in the following 6-9 months. Use this idea as a cheat code to take you to the 5% club. It is highly probable the market will rip higher and I’m betting on a new all time high before the middle of next year in the area of 6000. Then we can have our recession. Still reading? Or have you gone straight to the comments for some club 95% ‘you mad bro’ comments? What’s the evidence? There’s technical and fundamental. Firstly the technical on the above weekly chart: 1) A ‘great buy’ signal has printed. Look left. 2) Every year that ends with a ‘2’ for the last 70 years has beautiful symmetry with its roots in pi-cycle theory, but I’ll not go into that here, just accept it. Each of the annual charts below are the last 70 years with years ending in a ‘2’ with the vertical lines approximately identifying a 12 month window. 1952 - 1962 - 1972 - 1982 - 1992 - 2002 - 2012 - And finally 2022 - see a pattern? The Fundamentals 1) Mid-term elections - the FED will not crash the market with up and coming mid-term elections. They never have in the above years. 2) Insider trading - The people making the decisions / your glorious leaders, they are actually buying the dip: “U.S. House speaker Pelosi discloses trades in Apple and Microsoft” Source: www.reuters.com This is not an isolated event. 3) Sentiment is at the lowest it has been for 40 years! Not even 2008 comes close. People are so bearish right now that it is actually bullish. 4) The Put / Call ratio. The number of retail traders ‘short’ on the market is at levels not seen since August 2020. Remember then? The world was ending then too. 5) The ‘Put/Call’ ratio is printing bearish divergence just as it was back in August 2020. The market ripped higher afterwards. Well that’s it - Hope you enjoyed, this took some hours of study and preparation. Ww Type: trade Risk: <=6% of portfolio Timeframe: 6 to 9 months Return: 50-80%Longby without_worriesUpdated 271271192
Can S&P 500 stay above 6K?The SPX hit a new all-time high at the open, adding to its big gains from last week when Trump won the US election quite comfortably in the end. But the index it has since drifted lower, moving back below last week's high of 6013, potentially suggesting that the bullish momentum is fading after being up for several days. At the time of writing, it was approaching the 6,000 level from above, after it crossed it for the first time ever last week. Should it fail to hold above this level, and given the fact the RSI is at overbought levels on the daily time frame, we could see investors take profit on their long trades accumulated last week. A bearish-looking price candle such as an inverted hammer is the sort of price action the bears would look for now. If seen, we should then expect the S&P to ease back towards the breakout area of 5857 to 5882 in the coming days. By Fawad Razaqzada, market analyst with FOREX.comby FOREXcom5
Ascending wedge of all ascending wedgesThis is the macro top going back to the crash of 1929. Don't stay too long.Shortby fishguru733
SPX Long Term Top in FormationLooking at a Log Chart of the SPX taking the long term trendline back from 1929 until now we are bumping up right against the upper end. We could probe above the trendline. You are also getting negative bearish divergence on the long term RSI. I see a stronger correction playing out over the next 6-12 months. STAY CAUTIOUS. Now would be the time to start lightening up long positions, might not be a short trade yet but get ready if the market does start to roll over for a further longer term correction.Shortby WO1313
SPX500 TREND LINES AND PIVOT POINT VIEWThe SPX500 if manage to close above the last high of 5670 on Daily TF then expect the price to hit the TL.R at 5764 from where the prices can fall back a bit and then move for the next target to TL.B2 at 5810 and if it closes above that point then you can expect the price to move to take over the PIVOT R3 at 61110, but if it is rejected then expect the price to fall towards PIVOT R2. Trend Line green and TL.R form a widening channel. If the price fall back the TL.B1 and Closes Below Pivot R2, then Expect the price bounce from the Trend line green. The main scenario of the price action shows that if the price is not rejected from the previous high of 5670, then price will surely lead to take over the TL.R and TL.B2. On Contrary if price rejected sharply from the TL.B2 and closes below PIVOT R2, then price may continue to fall towards PIVOT R1. Please leave your comments and your suggestions. Longby taranquiloUpdated 1
$SPX ANALYSIS, KEY LEVELS & TARGETS for 11.11.24All right. So the implied move over here today is between 5965 and 6030. 30 day average volatility, 5930 to 6060, fix is up right now almost 4% and stupid Willy is showing extreme overbought here 35 EMA is underneath the implied move and don’t forget, we returned to the 35 EMA all the time and we are due to hit that level so that is just underneath the implied move at 5965. There’s nothing else really in today’s trade range but let’s see where we close today. If we close towards the bottom then we’ll be retesting that election gap and remember that island bottom gaps tend to be a battle zone so the level around 5760 would be the next target.Shortby SPYder_QQQueen_Trading5
The S&P 500 is due for a 12% pullback.The S&P 500 is due for a 12% pullback. Based on previous price action, every time the price overextends approximately 12% above the 200 EMA, it typically results in a pullback to the 200 EMA support. This could affect the crypto market in the short term. Over the next two weeks, we may see a potential correction in the crypto market.(SHORT-TERM). If we see that correction, that could be a good time to load up in some of the altcoins.Shortby CHILL_TRADER99112
Prepare for Breakout Towards 6100 Next Week The S&P 500 has been on a strong upward trajectory, recently surpassing the significant psychological level of 6000 for the first time. The index has seen a remarkable rally post-election, fueled by investor optimism and solid corporate earnings reports. Currently, it sits approximately 31.5% higher from its previous lows, creating an atmosphere of bullish sentiment across the market. Key Actionable Insights and Takeaways Specific to S&P 500 - The index is currently testing major resistance levels around 601 to 612, which could dictate the next move for the bulls. - Watch for pullback opportunities to key support levels around 596 and 588, which can present buying opportunities. - Maintain a balanced approach by being prepared for potential volatility as we approach critical zones. Summary of Expert Opinions on S&P 500 Experts are bullish on the S&P 500's potential for continued upward movement. The recent Federal Reserve interest rate cut and favorable post-election sentiment have contributed to a generally positive outlook. However, caution remains due to the potential for market corrections and external economic pressures, particularly inflation. Based on the wisdom of all professional traders - Target 1: 6010 (short-term target indicating strong resistance) - Target 2: 6100 (longer-term bullish target) - Stop 1: 596 (to manage risk on potential pullbacks) - Stop 2: 588 (additional level of support to monitor) Notable News or Events Affecting S&P 500 The S&P 500's recent rally has been closely tied to the U.S. presidential election results, which have stabilized market sentiment by reducing uncertainties. Additionally, expectations of continued fiscal stimulus and corporate tax cuts under the new administration contribute to positive market dynamics. Longby CrowdWisdomTrading0
SPX: Bullish Momentum Targets 6,000 with Key Retest at 5989SPX: S&P 500 Futures Eye Further Gains as Index Targets 6,000 Milestone The S&P 500 index surged to a new record high on Friday, with futures indicating more potential gains at the New York open. Investor sentiment remains buoyed by the election results, with the "Trump effect" continuing to fuel demand for risk assets. Technical Analysis The price has increased by approximately 5.00% over the last week. Today, a retest toward 5989 is expected, followed by a continuation of the bullish trend, aiming to break the all-time high (ATH) at 6019 and reach 6045 and 6068. Alternatively, if a 4-hour candle closes below 5989, it could signal a bearish trend, targeting 5970 and 5931. Key Levels: Pivot Point: 6019 Resistance Levels: 6045, 6068 Support Levels: 5989, 5970, 5931 Trend Outlook: Bearish Correction toward 5989 Bullish Trend toward 6045 previous idea: Longby SroshMayi2
S&P 500 IndexHello community, Weekly chart. My goal: 6,118 points. I have drawn a Fibonacci extension to get the target. In orange, the 200-period simple moving average. Make your opinion before placing an order. ► Thank you for boosting, commenting, subscribing!Longby DL_INVEST3
Winter RallyWhile the market may appear stretched in the short term, analyzing the broader trend since 2009 on a logarithmic scale suggests the potential for a bull run extending through the winter and continuing into 2025Longby Johannesoh3
Few more push up before the dropFeeling will go about 6200 or around almost 6300 The buy is still strong; not far to hit the ceilingLongby JoyBoyVegae110
SPX: Trend is your friend The US Presidential elections set the stage for an upside for US equity markets, while Feds another rate cut by 25 bps nailed the upside. The hype was back on equity markets, and new all time highest levels followed. As analysts from Barclays explained : “ Equities are eager to price in Trump's domestic growth policies and hopes for easier regulation relative to the Biden administration”. The S&P 500 passed the 6K mark, reaching the highest ever level at 6.010, at Friday's trading session. Certainly, the star company of the week was Tesla, as Elon Musk was a strong supporter of the Presidential candidate Donald Trump. The company was traded higher by some 30% for the week. Also, all companies related to President elected Trump significantly gained. Also, as President elect Trump was quite supportive to the crypto industry during the campaign, his election pushed the crypto market strongly to the upside, and also companies within the crypto field. Coinbase gained some 47% for the week. The markets will most certainly continue with the current trend in the coming period, but economists are noting that substantial risks which might be waiting just around the corner. Among the highest are noted, increasing US Government debt, which is not going to be supported by potential tax cuts, as well as tariffs on a foreign goods, which might bring back inflation to the higher grounds, and increase of Feds rates accordingly. by XBTFX8
US500 (S&P): Trend in 2H time framePlease pay special attention to the very accurate trends, and colored levels. Do not open a position without TP and SL. Its a very sensitive setup, please be careful. BEST, MTby MT_TUpdated 121214
a two year bull market. what has changed?its been 756 days since the bottom in the s&p500. the weekly is on an extended bull run to the 6000 region. last week has been the biggest drop in volatility in this trend. large risk on weeks come with pullbacks, but this week hasnt bearishly diverged from the trend yet. fib time zone tells us the trend hasnt reached a local maximum yet. the general trend hasnt changed since monday may 15 2023. since signal hasnt changed i wouldnt try to short this market yet. a breach of this dopen would probably lead to a pullback around pmVAH, and i would look to do this by ftz 13. still a local bear move toward the 5800 region isnt unthinkable. i would still rely on this broader market move setting higher weekly lows and vreaking to new all time highs for the foreseeable future, which is why im leaning long here, even with the advanced age of this bull market (even post election).Longby cerealindicator0
Scinarios for $SPX till the election year ends Bearish daily candle on Friday 25th Oct but watching RSI signals its showing some support to the up-trend line from Aug low . This setup suggested continuation upward trend up to next week and election week then signal can be more clear!. Above 5855 is bulish entry and below 8750 is bearish one. 6000 target still valid but i will recommend 5920 to take profit for downplay 5640 is last support which is related to FED pivot cutting . good luck Longby WinnerTrader99Updated 1
SP500 double GapCould we see SP500 in the 5800 prices in the upcoming days or this double gap will be closed in months or weeks? Always do your research by Artnobelcrypto1fahomexc0
trump won, now whatThis is not a political analysis,idgf about who's your favourite party With that said: An easy way to run ur economy to the ground is through price controls, which was part of Harris's campaign platform. Joe did a great job and arguably saved the U.S. economy from a slump with initiatives like the infrastructure bill and the CHIPS Act. However, what concerns the average American most are the prices of gas and food. Harris's solution to these issues is a price ceiling, which is why many people felt that the orange man solution is more realistic however Tax cuts, the budget deficit, and inflation, along with tariffs, may lead the market to react positively a trend we have already observed. Inflation can drive growth for companies, which in turn boosts earnings and contributes to the US GDP growth. Additionally, the bond market is showing an upward yield curve, suggesting a liquidity preference, as money flows from risk-free investments like 10-year bonds into riskier assets such as equities or the stock market. The Federal Reserve's recent rate cut and efforts to reduce the balance sheet may be significant factors in this shift. However, there remains considerable uncertainty regarding the potential outcomes of these tax cuts and policies, which could result in a labor shortage and disruption in the labor market. The inflation accompanying the tariffs could lead to economic contraction, posing risks. Still, navigating these changes will not be plain, as the central bank is likely to respond to these policies, further deepening the uncertainty. there will be also some actual improvement in terms of foreign policy which can also lead to capital flowing from outside into us markets however, any sort of policy led by wall street has historically led to disasters and we expect no difference and the taxpayers will be left with the bill tap again I do not cheer for any party or their ideologies we'll watch the same market on asymmetrical information so make ur own inferenceby ri_da1
S&P doesn't matterThe time is coming soon but when and at which price will be turned back maybe it is an opportunity to make lots of money hehe, let's wait for the price action and ride a wave hehe I am gonna be a rich person00:43by Bill88NN2
SPX will reach 6000Stocks are going hyperbolic, not because of a healthy economy but because of unbounded inflation and QE infinity. 1929 will look like a firecracker when this explodes.Longby nagihatoumUpdated 242441
S&P500 (SPX500) index looks testing upper trend channelS&P500 index looks testing upper trend channel This is a very long log charts of the S&P500 index. Shortby platinum_growth4
S&P500 (SPX500) index looks testing upper trend channelS&P500 index looks testing upper trend channel This is a very long log charts of the S&P500 index. Shortby platinum_growth2