Elliot wave, Banner cycle, Market psychology, SPXThe sell of just start , this week (remember )we will see last push up, and that will be the final move... After 5 august , and 17 of october, just my trading view...
USSP500CFD trade ideas
Stock Market CrashGann 144 Bars from 2019 low to 2020 top before crash.
Gann 576 Bars from 2020 low to 2024 top before crash.
Wave 4 nearing the end 5703 to 5696 wave 5 5935 plusThe chart posted is the cash sp 500 .I sold longs the other day small gain then moved to a 90 to 100 long puts in the money and sold for a nice gain at 4;15 pm as the min abc down was formed . since then we broke hard the timing from july 16 called for a top and drop . so now what is that the TOP TOP I have an issue with it as it was a low bull sediment and A high short term put.call I see this decline as wave ABC down for wave 4 and should hold 5703 to 5696 and then Turn up We are how ever being held back until the new moon at 8.47 am We should see a very strong move in the direction up to see a print min target 5935 to as high as 6118 with 6012 as the most likely price I will how ever be selling LONGs at 5921 and up and buying in the money puts at these prices . Best of trades WAVETIMER 2024 was a great year again $$$ 43 winning trades flat 8 loss 9
Short setup on SPX (x2)After the most recent upward move, the SPX shows clear signs of weakness, suggesting a potential short setup.
Since mid-July, the SPX has been moving upward and it's now near its all-time high. However, the RSI Exhaustion at the bottom of the chart has significantly declined and hasn't recovered much, establishing a downtrend.
This divergence between the price and the RSI Exhaustion is the first major signal of a possible short configuration.
Three additional signs support this setup:
The RSI Exhaustion shows recent bullish exhaustion (indicated in green), signaling that further price increases are unlikely.
The price has formed a top just shy of its all-time high, as identified by the Bottoms Tops Signal indicator.
A major level has formed, as indicated by the Levels and Zones indicator. While this level turned into support, it originated as resistance and could well revert back to it should be price start to drop further.
Is the bull run over? Only time will tell, but for now, it's crucial to remain patient and always seek confirmation from the indicators.
GAME OVER!!!...ASCENDING WEDGE BROKEN DOWN!!...TIME TO GO!!!The pattern is similar for QQQ and SOX. Market is very vulnerable now. Optimism professional and retail is at all time high now. We may not even need a catalyst. ITS OVER!!!
Very soon we may be at the neckline. Major indexes may be forming a giant Head and Shoulders reversal pattern (it is clearer on QQQ and SOX, or MSFT because they are weaker). We may now have just started the right shoulder.
Disclaimer: Don't trade based on this message. I may be completely wrong.
SP500 Double gap analysis ideaWe can see that there are 2 gaps in the SP500, both are at similar distances, which one will close first?
Always do your own research
CorrectionThe price has just broke out of the channel. If it's not a fake break out, I expect to see some correction this week. Perhaps it will be insignificant like the previous one at the beginning of the month.
updating my old SPX chartupdating my old SPX chart
1. add retest to MA100 then bounce
2. add retest ma200 and then bounce again
3. tops box = volatility box might hit there but safe it for later
SPX500 Potential Short!SPX500 made a strong
Move upwards and the indice
Will soon retest a horizontal
Resistance of 5859.42 from
Where we will be expecting
A local bearish pullback
And a move down !
SPX: Critical Levels and Volatility Ahead Amid Key Data ReleasesTechnical Analysis
The price is likely to attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643.
Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone.
Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850.
Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,732 and 5,715, paving the way for a drop toward 5,675.
Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices.
Key Levels:
Pivot Point: 5748
Resistance Levels: 5781, 5803, 5824
Support Levels: 5709, 5675, 5643
previous idea:
SPX in monthly (log)Hello community,
A quick review of the month on the SPX index.
A red candle for this month of October.
I have indicated in orange the simple 12-period average (monthly)
The price is in the upper part of the channel, I don't see anything alarming on the chart.
The trend is still bullish, I prefer to invest my money in the American market, than on the old continent which is very sick!
Whether it is Harris against Trump, the new president will have a country in working order to face the future. I have confidence in the USA.
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
Risk-on Risk-off Market Snapshot, 01/11/2024The market has shifted to a clear risk-off sentiment, with investors moving into safe-haven assets amid mounting global uncertainties. Safe havens like the U.S. dollar, Japanese yen, Swiss franc, and gold are experiencing increased demand, reflecting heightened caution.
Geopolitical tensions, particularly in the Middle East and Eastern Europe, are driving this shift, while recent central bank statements signal a focus on economic stability rather than aggressive growth.
Equities and riskier assets, including high-yield currencies and speculative investments, are seeing reduced interest as investors prioritize stability and capital preservation in this more conservative market climate
Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.
SPX at support ahead of critical dataIntraday Update: As the "bias chart" supported has noted the last several sessions, key support is at 5770, and today's lows (as of now) is 5775. With PCE, ECI and unemployment claims and earnings from a ton of major companies like AAPL, AMZN, MA and more later today, this support will be in focus.
S&P 500 SELL ANALYSIS RISING WEDGE PATTERNHere on S&P 500 price just form rising wedge pattern and now try to fall so if price break line then trader should go SHORT and expect profit target of 5072.19 and 4584.68 . Use money management
Market top ? Looking at Divergences here.
ES and YM are aligned with NQ lagging and for now showing weakness that could lead to a bearish move lower into the winter months
The argument against price action clues here is the election and the macro regime still been bullish long term, which paints the picture NQ will also at some point move to align with ES and YM
S&P500 Bottom expected this week.New bull phase to 6500 startingThe S&P500 index (SPX) has a red 1W candle last week, its first after 6 straight green. This was a much needed technical correction on a rally that has been holding since the August 05 low, while on the longer term it's part of a Channel Up that since last October (2023), hence a year ago, is being supported by the 1W MA50 (blue trend-line).
We've identified a similar pattern, essentially an identical price action that started after the March 2020 COVID bottom and extended all the way to the November 2021 peak. It appears that relative to that Channel Up pattern, we are about to complete this week step (e), which on May 17 2021, it priced the 2nd straight red week and then resumed the uptrend.
Technically, as long as the 1W MA50 holds, we remain inside a Bull Phase. The symmetry between the two fractals is striking, both have ascended by +43.46% up to step (e). If this symmetry continues all the way to the top, then that could be at a +62.37% rise from the Channel's bottom.
As a result, this gives us a 6500 Target (at least) by Q2 2025.
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S&P500 Potential UpsidesHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5790 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5790 support and resistance area.
Trade safe, Joe.
SPX updateIn my view SPX current bullish move tp is 5977 then a bearish correction to 5510 area before last bullish wave to final tp 6265 area then massive index crash to 3300 area
SPX: s short break? After the winning streak during the last six weeks, the S&P 500 decided to relax a bit during the previous week. The index closed the week 0,3% lower, at the level of 5.808. While tech companies for one more time drove the markets higher, still, healthcare and manufacturing industries slowed down a bit. It should be especially mentioned TSLAs weekly performance, where shares of this company surged by 22%. This was the best performance of the company for the last 11 years, after TSLA posted better than expected Q3 results.
The sentiment on the markets was mixed considering increased US Treasury yields and also effects of the hurricane in Florida. This mixed sentiment could continue during the week ahead, considering important macro data which is set for a release. The Fed's favorite inflation gauge, the PCE index and Non-farm payrolls might bring some volatility back to markets in case of any surprises from current market expectations.
Stocks, BTC & Gold .. my view! Price action after Donald Trumps win shows us the following:
1. Market (Stocks) are in a risk ON mode
2. BTC is following stocks and is also in a risk ON mode
3. Gold is going back to its historical safe haven status or risk OFF mode
So IMHO market is pulling out money from Gold and investing in Stocks and Crypto.
IF my observation and logic is correct then should there be a retracement in Stocks then you will see a correction in Crypto and rebound in Gold
In the picture you can observe a comparison between S&P and BTC. And you know gold has been going in the other direction.
What if.....I was just trolling but I kinda like it.
Its making me type stuff for me to post this idea. Lets see how many words it needs
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.com
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.
