charts breakdownMarket Overview: The has been trading within a over the past . Currently, we’re seeing significant activity around the level at , which has been tested multiple times. Volume analysis indicates activity, suggesting .
Key Technical Levels:
Resistance Level: – This has acted as a cap for recent upward moves.
Support Level: – A key area where buyers have historically stepped in, providing support.
Trendline Support/Resistance: .
Moving Averages: – Currently, the price is trading these averages, indicating momentum.
Technical Indicators:
RSI (Relative Strength Index): Currently at , suggesting conditions. This could imply that the market may soon .
MACD (Moving Average Convergence Divergence):
Volume Profile: Volume is near the level, indicating .
Potential Trade Setups:
Breakout Trade (if price breaches resistance): Consider entering a long position if the price closes above . A stop-loss could be set below , targeting .
Reversal Trade (if price approaches support): A potential long position near , with a tight stop-loss just below, targeting a return to .
Mean Reversion Strategy: With RSI nearing overbought/oversold levels, there’s potential for a pullback towards the mean, particularly if price encounters a strong resistance/support area.
Risk Management:
Use a stop-loss on each trade.
Given recent volatility, consider a wider stop-loss to avoid whipsaw action but still within reasonable risk parameters.
Adjust position sizes based on volatility and adherence to trading rules.
Conclusion: The shows momentum with key support and resistance levels identified. Traders may find potential opportunities based on setups. Monitoring volume and price action closely at these levels will be crucial to confirming any trade entries.
US500.PRO.OTMS trade ideas
Bullish bounce?US500 is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 5,925.30
1st Support: 5,872.30
1st Resistance: 6,018.10
Risk Warning:
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
S&P 500 prospects A significant number of companies in the S&P Index are invested in developing and innovating, especially in the technology sector. With the development of artificial intelligence (AI), we expect to see not just growth, but a real boom in the market, as AI promises to revolutionize many industries. The changes associated with AI can affect the efficiency of business processes, the creation of new products and services, and the competitiveness of companies.
In addition, current economic policies characterized by low interest rates play a key role in this scenario. Low rates make the cost of borrowing much easier, which stimulates both economic activity and investment. Businesses can expand, invest in research and development, and at the same time consumers can afford to spend more, further supporting economic growth.
This combination of factors, from the innovative power of tech giants to favorable monetary policy, creates a unique environment for significant growth in the S&P 500 Index. Investment in AI is expected to not only increase, but also lead to the creation of new markets and business models, which could provide sustainable and long-term growth for the economy and, by extension, for stocks.
Analyzing the current market trends through the prism of technical analysis, we notice that the chart shows a structure resembling the formation of the fifth wave within the Elliott Wave Theory. Our forecasts and mathematical calculations indicate that this wave may peak at approximately $6100.
In addition, we observe that market prices are firmly positioned above the significant level of the 200-day exponential moving average (EMA), which is traditionally considered a sign of an uptrend or bull market. This indicator emphasizes the stability of the current uptrend.
Additional confirmation that the $6,100 level is a promising level for profit taking is the extended Fibonacci level of 1,618.
Best wishes, Horban Brothers.
S&P500 short: last warning This is a follow up to the same idea that I've recently posted. The reason is the same: top of channel rejection, and Elliott Waves completion.
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
SPX500 Bullish Momentum Post-ElectionHello,
VANTAGE:SP500 has responded positively to the election results, and further bullish movement is anticipated, though minor fluctuations may occur. The 1W pivot point could potentially be tested. A cross and sustained move above the 1D pivot point would signal an immediate continuation of the bullish momentum.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
SPX in daily charts Hello
It's been a while the I am thinking to close my trading view page. If I am explaining it is to make a plan for some ideas I have published. It means that I have published a few ideas that might happen and because they are in big time frame I need to give a plan for next steps when I am not here anymore so please let me know if any of my ideas that was helpful for you.
For this chart I predict another correction as wave IV and then last rise as wave V. This scenario would take a few months and then we might have a deep correction.
Another scenario is to make higher levels and then we see a main correction.
I expect deeper corrections for this movement.
For investors, I recommend not to invest in stocks for long terms and please consider that these highs that main indices are experiencing comes from a minority high cap companies.
For traders, it does not matter where market goes (short is mostly better) and they will find a way to make profits.
Be safe and Happy.
SP500 Sell Idea Take advantage of expected market weakness by identifying and executing a well-timed short trade that aligns with bearish technical and macroeconomic factors. The aim is to enter at a high point (near resistance) and exit at a lower point.
Warning maybe in order?A lot of bullish sentiment out there but the rally is not confirmed. See the negative divergence marked on the bottom of the chart.
Also running into long term trend line and confluence of Fib values converging around soon.
"Dynamic vs Static" Support and Resistance LevelsIn this video i will exmplain What is Dynamic and Static levels,
How they are used, and
What's the difference.
Dynamic's Support&Resistance are Moving Average or Trendline levels.
Static's Support&Resistance are Horizontal levels.
SPX500 TREND LINES, PIVOT and APEX 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. Expected Movement for the rest of the year will be in between the two apex points 5410 and 5747. Any Voilation of these points will determine the further direction of the SPX price movement.
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.
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%
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
Ascending wedge of all ascending wedgesThis is the macro top going back to the crash of 1929. Don't stay too long.
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.
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.
$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.
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.
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.
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:
