ABC UP and DOWN I am long look for 6143/6235 The chart posted is the sp 500 cash we now have a 5 3 5 forming in wave 5 of 5 of 5 .I have support 5940 should hold and we should Now rally above ALL highs in the final wave to the bull from oct 13th 2022 best of trades WAVETIMER by wavetimer117
Equities Could Rise Further in 2025Will there be a bigger bubble in the rising stock market? Unbelievably, on a technical analysis level, the rise has not come to an end.Longby Super_B_XinR3
S&P500 The new Bullish Leg has begun.The S&P500 index (SPX) has completed 4 straight green 1D candles, and is already trading above its 1D MA50 (blue trend-line) again. With its 1D RSI also reaching its MA (yellow trend-line), we view last Friday's candle as the new Higher Low at the bottom of the 4-month Channel Up. This pattern is so far highly symmetrical with each of the 2 completed Legs so far, following an a-b-c-d structure. Right now we are on step (a) that is the start of the Bullish Leg. Based on this model, we are expected to approach the top (Higher Highs trend-line) of the Channel Up on step (b) then make the mid-Leg pull-back to (c) and then resume the uptrend for the Bullish Leg's top on (d). We expect that to be on at least 6300, which is marginally below the 1.786 Fibonacci extension, being the minimum level that each of the previous 2 Bullish Legs hit. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot1130
Possible C Wave Completion. The big bear candles filled all my short targets and I'd set some pending orders to buy into a following spike. We did get a big bounce off the buy entry zone but I find it a bit suspicious for a possible bull trap. If it is, this is the likely area it ends now. Exited longs and took some shorts yesterday at 6040. If this was Elliot waves, would forecast a big move. A drop of about 8% to 5500. Do have to see strong selling to evidence the EWs. Shortby holeyprofit227
Nightly $SPX / $SPY Predictions for 12.27.2024🔮 ⏰1:00pm Crude Oil Inventories GAP ABOVE HPZ: A lot of people are buying into this rally. If we do gap up this can trigger a mechanical event to drop the markets OPEN WITHIN EEZ: Will be rough to continue higher Once again people are buying into this rally. GAP BELOW HCZ: Would trigger great hedging but the markets will struggle to react to it as the markets drop, so it will hold for a little bit #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investingShortby PogChan2
SNP 500 Key Levels to watch out before next bear marketIt is clear that we will closing SNP 500 next year ~6400 followed a pullback up to 5800. If it able to recover from 5800 a possible push up to ~7000 followed a deep pullback which I will be calling out as bear market be ready with cash to invest during bear market. Longby cuteCode85350223
Retest of the rising wedgeHuge buyings took place today, but on bigger timeframes it looks like just a retest of the rising wedge. There are also hidden bear divergences on 1-4 tf on US500, US100 and US30. I guess we will see continuation of the correction to 5730-5650 area next week. The idea will be invalidated if the price returns into the rising wedge (crosses the purple trendline).Shortby SupergalacticUpdated 6
Hidden bearish divergenceI have noticed a hidden bearish divergence on 4h tf - like in August. Should go down soon, but still can go a little bit higher, there are volumes at 6055 (oanda).Shortby SupergalacticUpdated 116
SPX updateIn my view in the first days of 2025 we'll se a new ATH @ 6144 then a correction to 5651 area before last bullish wave to 6430 that will close the SPX bullish cycle started in 2020. In 2025 a massive market crash will dump SPX to 3400 areaby mpd2
SP500 Bullish Trend With The Correct Movement SP500 Index and Bullish Trend with Current Price of 6045.50. Based on the market Analysis if the price does not Up From there We are suggesting to you Then next Possible Bullish Pattern Around the 5,950.00 Level. Traders How ever If the market Go in Next Zone 5,950.00 on Holds as Support this is the level could act as Solid. For a Traders This one is Best Area For Buying to continue to Upward movement. Would You Like a more in Depth in technical analysis Rate Share Your Idea What's Going On Thanks.Longby FxJennefir5
S&P 500 Analysis: Elliott Waves & ATR Setup 12/27/20241. Analysis Based on Elliott Wave Theory Long-term Perspective (Weekly Chart): The long-term analysis suggests that the market is currently in the 5th wave of an Elliott Cycle . Wave 4 was a typical corrective move, ending around the Fibonacci retracement level of 38.2% of Wave 3. The completion of Wave 4 indicates the potential continuation of an uptrend into Wave 5. Wave 5 Projection: Based on Fibonacci extensions, the target for Wave 5 could be in the range of 6,150–6,300 USD. This is supported by consistent higher highs and higher lows and ongoing market strength. Mid-term Perspective (Daily Chart): The market is showing a strong impulse structure with consistent upward movements. The current movement could represent sub-wave 5 within the larger Wave 5. An Ending Diagonal or final impulse might be forming here. Key area: 6,050–6,100 USD, a critical resistance zone that has been tested multiple times and indicates a potential breakout level. Short-term Perspective (H4 and H1 Charts): Corrections within the short-term waves exhibit clear impulsive and corrective patterns. The recent consolidation could be identified as Wave 4 within sub-wave 5. A breakout above the 6,050 USD area would confirm the continuation of the impulsive move. 2. Market Structure Analysis Trend Direction and Structure: Long-term Trend (Weekly): The market is in a strong uptrend with clear higher highs and higher lows. The price is holding above the 200-day EMA, reflecting a bullish long-term bias. Mid-term Trend (Daily): The market remains in an intact uptrend, with prices trading above the 50-day and 100-day EMAs, reinforcing the bullish bias. Short-term Trend (H4 and H1): The market has experienced a brief consolidation phase but continues to show a slight upward trend with higher lows. Key Support and Resistance Zones: Resistance Levels: 6,050–6,100 USD: Critical level tested multiple times. A breakout above this zone could trigger a stronger upward move. Support Levels: Primary: 5,950 USD. Secondary: 5,900 USD. A break below 5,900 USD could jeopardize the bullish structure and lead to a corrective move. Volume Analysis: During the consolidation phase, declining volume was observed, which is typical for accumulation prior to an impulsive move. A surge in volume upon a breakout above 6,050 USD would confirm the bullish move. 3. Risk Management with ATR (Average True Range) Current ATR (Daily): ~80 points. This indicates that the market currently fluctuates by approximately 80 points per day. ATR-based Stop-Loss Strategy: Place the stop-loss 1x ATR (80 points) below the entry level to provide enough room for market fluctuations. ATR-based Take-Profit Strategy: The first target is set at 2x ATR (160 points) above the entry level, ensuring a favorable risk-reward ratio of 2:1. 4. Trading Setup Long Setup (Bullish Scenario): Entry Point: Above the resistance level of 6,050 USD on a closing basis (Daily or H4). The breakout should be accompanied by increasing volume. Stop-Loss: Place below 5,950 USD or 1x ATR (~80 points below the entry price). Take-Profit: Primary Target: 6,200 USD (2x ATR). Secondary Target: 6,280 USD, if the movement sustains. Risk Management: Risk a maximum of 1–2% of total capital per trade. Calculate position size based on ATR and account size: Example: For a 10,000 USD account with 2% risk (200 USD), the position size is 2.5 CFDs (200 USD risk ÷ 80 USD ATR). Short Setup (Bearish Scenario in Case of Failed Breakout): Entry Point: Below 5,900 USD if the price breaks this level. Confirmation via increased volume. Stop-Loss: Place above 5,950 USD or 1x ATR (~80 points above the entry price). Take-Profit: Primary Target: 5,800 USD. Secondary Target: 5,720 USD. Risk Management: Use the same principles as in the Long Setup (1–2% capital risk, ATR-based position sizing). 5. Explanation and Notes ATR (Average True Range): ATR measures market volatility and is used to set adaptive stop-loss and take-profit levels that accommodate daily price fluctuations. Elliott Wave Theory: This theory identifies impulsive and corrective wave patterns. The current setup suggests we are in a potential final Wave 5, often characterized by strong price moves. Market Structure: Identifying trends (higher highs/lows) and key support/resistance zones are critical for confirming the analysis and planning entries and exits. 6. Risk Disclaimer Disclaimer: Trading financial instruments carries a high level of risk and may not be suitable for all investors. Losses can exceed the invested capital. This analysis is for educational purposes only and does not constitute financial or investment advice. Conduct your own analysis before making trading decisions, and consult a financial advisor if necessary. Copyright © 2024 ChartWiseInsights. All rights reserved.by ChartWiseTrading2
SPX500 Short to Support Area Greetings there traders here is my idea on SPX 500 I believe that the downward movement will continue within the correction (1 2 3). I expect wave “3” to start moving very soon. I think that the nearest target is the area of 5716 level, because there is a strong support area. We can see that the price is managing itself for a future Downtrend Movement. Traders make your own analysis before trading. I think we can soon see more fall from this range! GOOD LUCK! Great Sell opportunity for SPX500 I still did my best and this is the most likely count for me at the moment. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad! Shortby Zaks_ForexRulesUpdated 15159
S&P 500S&P 500 like NDQ 100 is about to dip 35% Has similar justification with NDQ 100 although its bearish divergence is much more pronounced.Shortby SeerSignals112
The Magnificent Seven Stocks: A Stellar 2024 and Uncertain 2025The Magnificent Seven Stocks: A Stellar 2024 and an Uncertain 2025 The Magnificent Seven is a term used to describe the seven largest technology companies that dominate the global economy through their scale, innovation, and high market capitalisation. These companies are often key drivers of the US stock market, and in 2024 (as in 2023), they confirmed their leadership, with most outperforming the broader market indices. Below are approximate performance estimates for the end of 2024: → S&P 500 (US SPX 500 mini on FXOpen): +26% → Apple (AAPL): +38% → Microsoft (MSFT): +18% → Amazon (AMZN): +52% → Alphabet (GOOGL): +42% → Meta Platforms (META): +43% → Tesla (TSLA): +87% → Nvidia (NVDA): +189% What does 2025 hold for the Magnificent Seven? Motley Fool offers a cautious outlook for the coming year, suggesting that some of these leaders may run out of steam due to inflated stock prices relative to their intrinsic value and profit forecasts. Zacks analysts have examined the fundamentals and identified three stocks from the Magnificent 7 that are worth considering for value investors: 1. Alphabet (GOOGL) Alphabet has the lowest price-to-earnings (P/E) ratio among the Magnificent 7, standing at 23.9. While this doesn’t say it is a value stock (value stocks typically have a P/E below 15), it is relatively cheap compared to its peers. Moreover, Alphabet now pays dividends. 2. Meta Platforms (META) Meta Platforms remains attractively valued with a forward P/E of just 25.8. It also boasts a relatively low price/earnings-to-growth (PEG) ratio of 1.3 (a PEG below 1.0 indicates a reasonable price relative to expected profit growth). The 1.3 PEG is appealing, and like Alphabet, Meta has started paying dividends. 3. Amazon.com (AMZN) Once aiming to be the "store for everything," Amazon has expanded far beyond this with its AWS division, Whole Foods, sports and entertainment programming on Prime, and even chip manufacturing. Amazon has the lowest price-to-sales (P/S) ratio among the Magnificent Seven, at 3.8. Although a P/S below 1.0 is typically considered attractive, Amazon remains appealing to investors. For comparison, Microsoft’s P/S ratio is 13.1, while Nvidia’s is 29. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial adviceby FXOpen227
S&P 500 Technical Analysis: Eyeing a Year-End HighS&P 500 Technical Analysis The S&P 500 maintains bullish momentum as long as it trades above 6022. The next bullish target is 6099, indicating consolidation between 6022 and 6099 until a breakout occurs. A breakout above 6099 could result in a new record high before the end of the year. For a bearish trend toward 5971, a 4-hour candle must close below 6022. Key Levels: Pivot Point: 6022 Resistance Levels: 6053, 6099, 6142 Support Levels: 5971, 5936, 5919 Trend Outlook: Consolidation between 6022 and 6099 Bullish trend as long as the price remains above 6022 Longby SroshMayi10
SPX Broad Outline Dec 2024Likely entering the Vol expansion regime. From a potential high, peak to trough min 20% to spike below 4820 within the next 2 years. Usually, the cycle low is made by mid 2 year, so it means 1.5 years of danger aheadby Neon2
Planning SPX Longs into A Break Lower SPX made the top off the 2.61 and today on the news of rate cuts it slammed to the implied target level for that. Hit targets on a lot of my shorts today. Have some extremely deep OTMs still running but these are a nominal part of my risk and just there to benefit from a super rejection of the macro 4.23 fib. In terms of nearer term swing assessment, we're now getting close to the level I think we'd be likely to find support if this is a bull move that is just having a flash crash correction. Planning to start picking up longs if we spike down closer to 5800. Will likely buy deep OTM calls at this price if we hit it. Broadly speaking risk off on my positions at the moment. Banked most of my profits. Don't plan to do much trading the rest of the year. Do plan to do a lot of trade plan prepping for decision at the macro inflection point. Whatever way it goes, my hypothesis is we're going to see faster and faster markets going forward. Great times to be a trader. I want to make sure I'm prepped to benefit from any of the "Known" outcomes that fit inside my strats. Longby holeyprofitUpdated 118
Reversal Trading Strategy Using GOLDEN RSI Divergence Indicator Overview Reversal trading strategies capitalize on identifying turning points in the market where a potential reversal from a downtrend to an uptrend, or vice versa, occurs. In this post, I will introduce a strategy based on divergence patterns spotted with a custom RSI (Relative Strength Index) indicator. This method enhances traditional RSI analysis by making divergence detection clearer and actionable. By combining it with a strong understanding of price action, traders can gain an edge in timing market reversals effectively. Key Features of This Strategy Divergence Analysis: The core of this strategy is to identify bullish or bearish divergences between the RSI and price action. Custom RSI Indicator: The custom RSI indicator simplifies divergence detection by highlighting critical levels and marking divergence points directly on the chart. Confluence with Price Action: Reversals are validated using trendlines, support/resistance zones, and candlestick patterns. Chart Example: S&P 500 Index In the attached chart: Bullish Divergence: The price made lower lows, while the RSI made higher lows (indicated by green arrows). This divergence signaled weakening bearish momentum and potential reversal. Entry Point: A clear breakout above the trendline validated the reversal. Enter long positions near this breakout level. Stop Loss: Place the stop loss just below the recent swing low. Target Profit: Aim for the next major resistance zone or use a fixed risk-reward ratio (e.g., 1:2 or 1:3). How to Spot Divergence Bullish Divergence: Price forms lower lows. RSI forms higher lows. This indicates waning bearish pressure and a potential upward reversal. Bearish Divergence: Price forms higher highs. RSI forms lower highs. This suggests weakening bullish pressure and a possible downward reversal. Why This Strategy Works Strength of RSI Divergence RSI divergence reflects the loss of momentum in the current trend. By detecting it early, traders can position themselves ahead of major reversals. Combining Confluence Factors The success rate of this strategy increases when RSI divergence aligns with other technical factors like: Horizontal support or resistance levels. Trendline breaks. Volume spikes. Practical Tips for Using This Strategy Use Multiple Timeframes: Confirm divergence signals on higher timeframes for stronger setups. Avoid Overtrading: Only act on clear and validated divergence setups to minimize false signals. Risk Management: Never risk more than 1-2% of your trading capital on a single trade. Conclusion This custom RSI-based divergence strategy is a powerful tool to identify high-probability reversal setups. When combined with proper risk management and confluence analysis, it can significantly improve trading outcomes. Start experimenting with this strategy on your demo account and refine your approach before deploying it in live markets. If you have questions or want to discuss this further, feel free to comment below!Educationby thejamiul2020201
Market SnapshotMUST READ!!!! All credits to Avi Gilburt and his team www.elliottwavetrader.net “Observers’ job, as they see it, is simply to identify which external events caused whatever price changes occur. When news seems to coincide sensibly with market movement, they presume a causal relationship. When news doesn’t fit, they attempt to devise a cause-and-effect structure to make it fit. When they cannot even devise a plausible way to twist the news into justifying market action, they chalk up the market moves to “psychology,” which means that, despite a plethora of news and numerous inventive ways to interpret it, their imaginations aren’t prodigious enough to concoct a credible causal story. Most of the time it is easy for observers to believe in news causality. Financial markets fluctuate constantly, and news comes out constantly, and sometimes the two elements coincide well enough to reinforce commentators’ mental bias towards mechanical cause and effect. When news and the market fail to coincide, they shrug and disregard the inconsistency. Those operating under the mechanics paradigm in finance never seem to see or care that these glaring anomalies exist.”- Robert PrechterShortby Heartbeat_TradingUpdated 119
Complete analysis - shooortS&P 500 Bias: • Weekly – Uptrend • Daily – Downtrend • 4H – Uptrend • 1H – Uptrend Fair Value Gap’s. • 5,740 – 5,830 on the daily • 6,038 – 5,934 on the daily, filled in by last candle • 5,979 – 6,016 on the 2H, (23 Dec 15.30 – 24 Dec 11.30) Order Block: • 6,037 – 6,063 on the 1H, (17 Dec 15.30 – 18 Dec 11.30) • 5,892 – 5,840 on the 30M (19 dec 15.30 – 20 Dec 09.30) Liquidity pool: • 5,700 • 5,854 (Got hit at 09.30 and Bullishly swept from 09.50 ending in a Premium short with the use of Equilibrium at 12.00) • 6,102 I think we are going to se it draw back in to the FVG that the last three 2H candles created before then testing the Order Block at 6,037 – 6,063 and procced to hunt the liquidity laying at 6,103 since it’s on a bullish rally on the daily since 20 Dec after hitting Liquidity laying there. Before dipping all the way down to the FVG at 5,740 – 5,830. And I think it will go on to the Premium buy side since the market would probably want to hit the Liquidity laying at 5,700. Though I really doubt it is going to hit that since we are in an weekly uptrend. From the previous reactions of all the building block I showed it seems it will still follow the same pattern if not any news shows up, I have showed prices reacting of previously named building blocks and then proceeded to predict it next moves based on that the market will continue that pattern. Ideally the best entry for a short would in my opinion be at 6,102 and above after seeing a break of structure to the downside at the 15M chart. I am pretty new to this so would love any feedback. You don’t agree with the analysis? Then please comment why so I could see you’re resoning. Shortby LucasIMH2
SPX will go to 62201. On the daily chart, SPX is trading within an upward channel, with the MACD lines positioned above the zero line. 2. SPX has risen for three consecutive days, breaking through the key 6000 level. The next resistance is expected near 6100. If a pullback stabilizes around 5982, it could push toward a new high of 6220 (the 6220 level corresponds to a Fibonacci retracement). 3. Once SPX makes a new high above 6220, it could signal a potential pullback, with support expected around 5700.Longby WhaleTJ2
SPX-When will the new high be on the chart?On the daily chart, the uptrend bounced from an intact support around 5870, which is around the 50 moving average and the 0.236 fibonacci. Local peak is 6100, this is the first resistance, next is 6200-6300, the top of the ascending channel. Until then, you can rest several times. After the ascent of the last day, there may be a few days of calm until you gather strength. The rise would be supported if the Macd histogram turned positive and the blue macd band crossed the orange signal band from below.Longby shillard041
Santa Clause is Coming to Town - End of Year PreviewWe got more action than I thought we would today for sure, makes things more interesting. There's a lot of bottom signals I'm seeing right now. Probably best to wait a bit to see what happens in early Jan, but here's my thoughts moving forward.Long06:04by AdvancedPlays3