S&P Completing Head and Shoulders Pattern?The S&P 500 www.tradingview.com might be completing a head and shoulders pattern—a classic bearish signal.
We’ve been following this for a while, we've seen the left shoulder at around 6,000 high, which hit on the SMP FOMO-o-meter, the head near 6,100, and a potential right shoulder at 6,000 high. The key neckline sits around 5,800—a break below could target 5,600.
Watch for volume spikes and economic data to confirm the move. But if the S&P pushes above 6,100, the pattern is invalid. Stay ready—this could shape the market! *Video being uploaded. Link to channel in profile *
Sandp500
S&P 500: BEARISH DIVERGENCE ALERT – Is This Time Different? Alright, listen up, my chart-watching warriors! 🎯✨ We’ve got ourselves a spicy situation on the S&P 500 Weekly Chart, and it’s SCREAMING caution right now. 🚨
The big question? “Is this time different?” Spoiler alert: Probably not. Let’s break it down 👇:
🚨 Bearish Divergence 101
First, let’s talk about the elephant in the room: BEARISH RSI DIVERGENCE.
📊 Price is making higher highs. (Woohoo, right? Wrong. 😬)
💔 RSI is making lower highs. (Oof. 🛑)
This is like your car’s engine light coming on while you’re flooring it. Yeah, it’s fun for now, but guess what? You’re headed for trouble.
💀 Déjà Vu? History Doesn’t Lie!
Let’s roll back the tape:
1️⃣ Feb 2020: Bearish divergence showed up. Result? BOOM – the COVID crash. 💥📉
2️⃣ Jan 2022: Another divergence. What happened? The market went full bear mode for a year. 🐻🔥
And now? Here we are in Dec 2024, and the exact same pattern is rearing its ugly head. Do we really think this time is different? I don’t think so.
👀 The Bearish Setup:
📈 Trendline Resistance: We’re right at the top of a multi-year rising trendline. This is a make-or-break zone.
💔 RSI Downtrend: The RSI is already sloping down, showing weakening momentum. Buyers are running out of gas. ⛽️💨
💡 Translation: This rally’s on borrowed time, folks.
🔥 George’s Hot Take:
This is what I call a “SELL THE RIP” scenario. Here’s the plan:
1️⃣ Watch for a rejection near the current highs (6,050–6,100).
2️⃣ If we break below 5,800, it’s GAME OVER – bears take the wheel. 🐻
3️⃣ Targets? 5,400 is in the cards, and if things get ugly, we could be staring at 5,200.
BUT WAIT… IS THIS TIME DIFFERENT? 🤔
You’ll hear the permabulls saying, “Oh, the market is resilient, blah blah.” Sure. But guess what? Patterns don’t lie.
If this divergence plays out like it has TWICE before, we’re looking at some serious downside. Don’t fight the charts, fam. 📉
Final Thoughts from the Bear Cave: 🐻
The S&P 500 is flashing warning signs loud and clear. This isn’t the time to be a hero. Play it smart:
Tighten stops. 🚦
Hedge your longs. 🛡️
Be ready to SHORT if we break support. 🎯
Let’s see how this plays out, but remember: The charts always win. 👑 Trade safe, my legends. ✌️
SPX macro analysis ⏰ Hello 👋 it's me your RAJ 🙂 professional trader ✨
This idea 💡
is completely my own analysis to explain situation _&_ market conditions of CBOE:SPX
How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR
Let's go with market conditions 1st 👉
PPL 📌 thinking 🤔 big crash in S&P500 , based on economy and some other theories
I don't this things go , if this happens 😂 it will vanish not only stocks or companies even goverment also get vanish
Money 💰 >> PPL work / save in -> gold , bank & stocks
Money 💰 >> banks -> save in ->> gold , stocks & giving loan to company & PPL 📌
Money 💰 >> companies -> save in future growth 📈 give return to retailers and keep on increasing vlaue for future like NASDAQ:AAPL , NASDAQ:GOOG , NASDAQ:AMD etc ....
if stocks lose 📌 PPL lose 📌 if ppl lose 📌 goverment also lose 📌 biggest revaluation 😂
This is the major index ☝️ for many stocks , did you think 🤔 it will crash 🩸 that much harder 🙂
Use 🧠
👀 Let's go with my technical analysis ⏰ #TA ->> how I am expecting macro growth 💹
👀 There tend line 🙄 at previous High 2022 > to < 2023 which actually promised
trend 📉 line and even turned as resistance 📌 for 1.2yr
+
Finally it was broken and re-test also done 👍 turned as support 📌 💜💚 🚀
👀 According technical analysis 📌 my analysis get Invalid 📌 when month close below $3800.2
👀 There was oder block strong 🚀 support 📌 in 3 - month $4000-4200
👀 The previous order block at $4300 & $4600 easily broken 😂
These and some other theories making me push towards new high 💰
Expecting target's 🎯
🎯 :: $4880-$5018 ( easy target )
🎯 :: $5324-$5469 ( 💯 target )
🎯 :: $5885-$6484 ( high pressure resistance )
Support 📌 $3900-4200
This is my analysis on S&P500 on macro , i will post other patterns and chart of technical as per education under this post 📌
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🪩 disclaimer :
▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌
Note 👀
👉 keeping comments , reacting with emojis , pointing us is very easy to some people
They think 💬 what they see 📌 that was knowledge 📌
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important ☺️
Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛
I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day 😊
#SAND/USDT#SAND
The price is moving in a similar channel on the 12-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 0.2380.
Entry price 0.2800.
First target 0.3055.
Second target 0.3280.
Third target 0.3533
$SPY tough spot right now, but there's still a glimmer of hope!On the daily chart, there are three bearish signals without even considering indicators:
1. Price is below the EMAs.
2. With a gap down.
3. From a coil spring.
On the weekly chart, the trend remains intact. However, if we drop below the fast EMA, a significant test will be the slow EMA.
The key level to watch is the low of the daily channel line at $554, which aligns with the weekly slow EMA at approximately $551. For me, that represents the definitive line in the sand for SPY.
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SPX: an alternate EW count if 4216.45 breaksSPX and markets overall are slaughtering bulls for the last couple of weeks. Now bloody Monday is the trending search on google search. If the last low breaks, I am not super convinced that market will go in a free fall. Even though anything is possible, there is a lot of support between 4150 and 4000. So, if we don't see some circuit breaking 5% down moves next week, it is very likely that the correction is on its last legs. However, breaking 4216.45 will also mean that the motive wave is over, and wave 4 count is invalidated. Instead, the macro will count as a diagonal ABC move for primary wave 3 with C leg to the upside following the current correction. And just like a motive wave 3, a C wave of diagonal wave ABC will also be quite strong. It might take SPX to close to 6000 in short few months.
So, either we will see a waterfall down to 3k or a melt up to 6k starting in the next couple of weeks. It will mean fast reflexes and market buys and sells to keep up.
#SAND/USDT #SAND
The price is moving in a descending triangle on the 4-hour frame
We are now at the lower border of the channel from which the price has rebounded more than once, and this is also the support area
A rebound is expected to the upside
We also have support from the RSI indicator
Current price is 0.4300
First target 0.4400
Second target 0.04535
Third goal 0.4673
20 Year SPX Bear MarketAfter looking over and fine-tuning my analysis for SPX over the past few months, I think I've calibrated things as good as they will get for now (barring any new, major developments which would force me to re-adjust my wave count). SPX has been on a tear from 1877 to 2022 for a very large Grand Supercycle (a 5 wave move lasting more than 100 years).
Though timely corrections were seen during the Great Depression (1929-39 roughly) and during the 9-11/Iraqi War timeframe (early 2000s), to name a few, the Bulls have always responded and claimed higher highs afterwards. Giving SPX traders the feeling that it will never ever come down.
However, the injection of the COVID era seems to have forced the SPX into a much different and more dramatic phase potentially. Though a new all-time high was seen after the introduction of COVID-19, the lingering nature of this disease and its effect on global economies will continue take a toll on the US Stock Market as it seems.. Surely, I'm no Doctor but I think SPX has a case of Long COVID to put it more plainly.
Beyond the fractal by fractal wave counting, I've also heavily considered fibonacci levels plus RSI readings. Things to note:
1) Wave 5 terminates between +1.38 or +1.618, compared to the size of Wave 4. Currently the hypothetical Wave 5 sits at more than +2(00%) the size of Wave 4, technically making it extended.
2) The Elliott Wave science suggests that RSI has the lowest peak in Wave 1, the highest peak in Wave 3 and an obvious divergence in the peak of Wave 5's divergence. Looking at the circled areas of SPX's RSI window, all of these guidelines seem to ring tru. Its clear to see that the RSI peaked in Wave 3, its also clear to see that although Wave 5 made a higher-high in price action - the RSI level terminated at a lower level compared to Wave 3, its also clear to see that the RSI in Wave 1 was the lowest of the three-trending-waves (1,3 and 5; Waves 2 and 4 are corrections against the trend).
As for price levels, its my belief that if SPX cannot reclaim and hold support above 4000=4600 in the next few years to come then the pending pump (which should initiate in the days/weeks ahead) will only serve as a correction/relief rally/retracement. WIthout 4000-4600 turning into support (in the next few years), I have reason to believe that the Bear Markets is even more likely (see outline below).
Bull Flag breakout on SPY could pull back to fill gapsWhen we take a closer look at the breakout of this flag on the daily, we can see that SPY has 3 gaps to fill. The first being 442, then 431, then the final gap at 424. I expect these gaps to fill in after SPY tappers off around 559 ish if not sooner. Gaps should fill within the next 90 to 120 days before we move back up for the spring summer run of 2024.
SPY 2 Bearish Scenarios
1. Less Bearish Scenario
We have a 1-2 1-2 with the impulse wave 3 down in progress or still to come.
The difference between the 2 scenarios is the higher timeframe.
In this less bearish scenario, this move down is part of the primary wave C in the correction that started Jan 22.
Once is done a new cycle will begin.
2. Bearish scenario
In the bearish scenario, this move down is part of the primary wave 3 and not wave C.
We are still in the 1-2 1-2 waves down with minor wave 3 yet to come. All of these waves are part of the primary wave 3 in the correction that started on January 22.
Are you berish? What other alternate scenarios do you see?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purpose and does not serve as financial advice.
Yet to see a down indication. Most likely going up soonEven with the dramatic fall that has happened over the week, the downward indication we had been awaiting from last week (pls refer to last week idea) is yet to be seen on 15 min or 60 min.
Most likely going to bounce off the bottom channel and go up
Indications based on combined strategy of Bollinger bands, ADX, Volume and Volatility
SPX - Bear trend is still locked in!!!Stochastic's unlike nearly all indicator's
have the ability to flip from overbought/oversold to locked in to a continuation of TREND
#SP500 is still locked in a bear trend
after 3 days with both K&D lines above 80
or below 20
S and P 500 is locked into a bear trend still
which means all rallies should be faded until that locked in status is lost
SPX500 possible reversal bounceAfter price broke structure to the upside, it retraced and formed liquidity above a demand zone that was left behind during the expansion. Price could now use this demand and liquidity to fuel its move upwards to take out liquidity that as accumulated at the top of the structure
$SPX 2 Scenarios2 Scenarios for SP:SPX here:
1. Bullish Scenario
We have an impulse wave up and we are currently in wave 4 correction. and wave 5 up still to unfold.
2. Bearish scenario
We are in an ABC correction. We need hard evidence to confirm that the next impulse wave down has begun.
The moment that decisively breaks the lower parallel channel we can say that the impulse wave down has begun.
Conclusion:
We are at an important junction and the market either complies with the bullish or bearish scenario, giving us tremendous insight.
Which side are you on? Are you a bull or a bear here?