HOLY Moly!! IT WORKS Plan was given...
Plan was executed....
another winning trade
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US500 trade ideas
Panic over?Earlier this morning, US stock index futures were building on yesterday’s impressive, and broad-based gains. On Thursday investors rushed in to hoover up equities with the mid-cap Russell 2000 leading the way to finish 2.5% higher. Tech wasn’t far behind, with the NASDAQ adding 2.3%. The Dow and the S&P 500 gained 1.4% and 1.6% respectively. The gains came on the back of a strong set of Retail Sales numbers, and on another dip in weekly Jobless Claims. Add these to the positive inflation numbers earlier in the week and it gave investors all the excuse they needed to rush back into the market. The data is just what the Federal Reserve needs to justify a rate cut next month. Inflation continues to drift back towards its 2% target, while the labour market enjoys a ‘Goldilocks’ situation. The Unemployment Rate has ticked higher, taking some of the tightness out of the sector, but not by enough to scare the horses by raising fears of an imminent recession. This also means that the market has gone back to pricing in a 25 basis point cut in September, rather than the panicky 50 basis points forecast earlier this month. Both the S&P and NASDAQ have now recorded six successive positive sessions, and are back to where they were at the end of July, before the market rout. Yesterday also saw a big move across US Treasuries. Yields soared as investors dumped bonds and put the money back to work in equities. This indicates a strong recovery in risk appetite with sentiment towards stocks turning positive once again. But it also should be a little bit of a warning sign that this sharp turnaround could be a tad overdone. Nothing goes up in a straight line forever. Yet the NASDAQ 100 and S&P 500 have now gained 13% and 9% respectively from their lows on 5th August. Those gains may be enough to entice early buyers to book some decent profits.
Potential shake out on Phase D - objective -> SupportIn macro the price is on Phase D. As it already reached the resistance, it is expected to look for the macro's support. It might not reach it today, but the projection is bearish unless it breaks the macro's ceiling on 5,560 aprox. PEPPERSTONE:US500 CME_MINI:ESU2024
Bulls and Bears zone for 08-16-2024S&P seems to have rallied too far too fast without any pullback. In that case, we could see some sort of mean reversion in near future.
Level to watch: 5540 --- 5538
SPX Prep and Scenarios for Daytraders 8.16.24
We have a couple scenarios:
Where would I want to be bullish with confirmation:
Above 5543
if we get to and catch a bid at 5506
if we get to 5581 and hold
Where I want to be BEAR with confirmation:
Below 5543
If we get to 5581 and catch an offer. Below 5581
If we get to 5506 and stay below
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SPx 4H Bullish Momentum Holds Above Key SupportMarkets Eye Fresh Drivers; Bullish Momentum Holds Above Key Support
Wall Street is on the lookout for new catalysts before the market opens, while markets in Asia and Europe are showing gains. The price has recently risen and hit our target with a solid +1.8% increase, and the momentum is still pointing towards the next targets of 5584 and 5620, provided it stays above the key level of 5525.
Bullish Scenario:
If the price remains above 5525, the bullish trend is likely to continue, aiming for the next resistance levels at 5584 and 5620.
Bearish Scenario:
If the price drops and a 4-hour candle closes below 5525, this would indicate a potential decline towards 5491 and 5460.
Key Levels:
- Pivot Line: 5525
- Resistance Levels: 5584, 5620, 5670
- Support Levels: 5491, 5460, 5409
Today's Expected Trading Range: The price is expected to fluctuate between 5525 and 5620.
Tendency: Bullish momentum.
Previous idea:
$SPX A bullish or bearish day? SP:SPX Based on the technical factors that emerge, we are right on the first finger to pivot out of the bear trend. We are officially meandering the bullish pull away with strong momentum right? But we've already have that on our side. Does that mean it will diminish? Or will it continue the alarmingly strong moment.
In this video, I will stay away from the SP:SPX , because the momentum will exhaust soon.
US500 - Roadmap to 6kHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 US500 has been overall bullish, trading within the rising channel marked in red.
As long as the $5000 round number holds, I expect further bullish continuation towards the upper bound of the channel and $6000 round number.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
Hellena | SPX500 (4H): Long to resistance area 5566.Dear Colleagues, because the big wave “4” (5095) has completed, now I believe that the price is in wave “5”. This means that the price probably has not yet completed the upward movement. I expect a small correction, then a continuation of the upward movement at least to the 5566 area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
S&P500 Short: Stop loss above 5572I have identify 3 resistances that created a resistance zone:
1. Semi-tangible: Fibonacci Retracement level of 78.6% of Primary Wave 1
2. Tangible: Intermediate wave 2 of Primary wave 1 price resistances
3. Intangible: Wave C = 1.618xWaveA of Primary Wave 2
The risk-reward ratio looks good for shorting.
COIN Short Idea - The Golden SetupI made a video yesterday about how I thought the short opportunity on NQ and the overall market was one of the best I'd ever seen in my trading career. I believe that is yet to to fully play out and we'll see what happens, but in the meantime I wanted to share what are my two favorite trade ideas and positions in the market right now.
These setups have a very high chance of success in my opinion and if not, risk is fairly tight. I would take this trade 10/10 times, I would always take a setup like this when my strategy tells me it is this good. You must trade what your strategy says regardless of fear and greed, you will win over longer periods of time if you develop a winning strategy that you stick to and remain disciplined at all times.
GME is the other one which I've also posted ideas about recently. Just wanted to review these setups have triggered and I'm actually in the positions. I'll update when the trades are closed, should be interesting.
S&P 500 Target - 6,000 On The Way? By taking the fractal from the previous impulse and placing on top of the current run (with decreased timing) from the low, we can get an idea of how this fractal may play out if the ALGO target is indeed 6K for the S&P. Note the support and resistance trend lines and channel and how prices appears to respect those projections.
Note: Not Trading or Investment Advice. Entertainment ONLY!
S&P500 Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5460 zone, US500 was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 5460 support and resistance zone.
Trade safe, Joe.
SPX against Monetary policyThis gives another perspective, this time based on price action against monetary policy! As we move towards a looser monetary policy, with rate cuts, expansion of money supply and wait for it….QE, we can see the market having a lot of room to run…
Phase D? US500 - ESIn todays market, it seems that the marke might potentially be making phase D at macro. However, C's projection is already reached but at macro it still has room for movement.
Potential exits on lime lines.
PEPPERSTONE:US500
S&P 500 -CROSS THROUGH THE BOX3 Weeks: Note that S&P Close Below the sma and made what is called Cross through the Box (Fake Out)...
On 7 days nice 1-2 RTM, hence expecting Retracement and TP at the 3 Weeks previous High
SPx / Futures Maintain Bullish Trend as Market Awaits Futures Steady Ahead of Key Inflation Report
The price has advanced, successfully reaching our target, with momentum still driving toward 5,491 and 5,525.
Bullish Scenario:
As long as the price trades above 5,460, the bullish trend is expected to continue toward 5,491 and 5,525.
Bearish Scenario:
Stability below 5,458, confirmed by a 4-hour candle close, could support a decline towards 5,409 and potentially further to 5,372.
*Key Levels:
- Pivot Line: 5,458
- Resistance Levels: 5491, 5525, 5584
- Support Levels: 5409, 5372, 5320
Today's Expected Trading Range: The price is anticipated to fluctuate between 5,409 and 5,525.
Tendency: Bullish momentum
SNP500 / SPX 🔍 SPX Analysis: Navigating the Upcoming Market Movements 📉
The SPX chart presents key dates that traders should focus on:
September 18, 2024 & December 3, 2024 & February 3, 2025 - Green Lines: These dates indicate potential local lows. These could offer strategic opportunities for accumulating positions as the market is likely to bounce back from these points.
November 11, 2024 & March 10, 2025 - Red Lines: These dates are projected to be local peaks. Traders should consider taking profits around these times, as the market could face resistance or start to decline.
Currently, the SPX is in a downtrend, with a potential reversal expected around September 18, 2024. This could be an optimal point for re-entering the market or adding to existing positions.
#SPX #StockMarket #MarketAnalysis #Trading #Investing #S&P500
S&P 500 BUY ANALYSIS Here on S&P 500 price has been going uptrend and now form a support around level of 5425.8 so is likely to continue going up and expected profit target is around level of 5588.8 . Use money management
SPX500,,, defeat of resistance The chart has received to the resistance zone. In my idea, passing of this area could be start of a new uptrend. Totally market is emotional these days and every prediction can be failed easily.
The negative aspect of the market is that very high and low is formed by moving of big caps.
I will be convinced if i see a good confirmation above 5500 for getting new buying positions.
SP500 AnalysisPrice has been buying since unemployment news last Thursday August 8th, which was the
catalyst to begin the move to get buyers back in markets. Breaking last weeks high on Monday
still moving. Wednesday was choppy but still saw the Dump and Pump set up after Cpi News
that tricked out sellers and quickly went to the topside. Price can go either way. Looking to see price run up to 5494 and wait for a sell confirmation around there.
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Good Luck!. Risk Management First!
