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S&P 500 - Correction And ContinuationHello Traders, welcome to today's analysis of S&P 500. -------- Explanation of my video analysis: The S&P 500 has been trading inside of a rising channel formation for a very long time. We had the last retest of the lower support level about 6 months ago which was then followed by an expected rally of +25% towards the upside. If the S&P 500 now retests the previous breakout area which I mentioned in the analysis, there is a high chance that we will see a reversal there. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:SPX
by basictradingtv
5
S&P500 3 Months Trading Channel Hey guys, didn't post new set-ups because the market is quite boring right now. But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade. Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions, as the channel is raising I will recommend to trade only long positions. What we're looking for before open the position: 1) The price have to cross the support level of the channel 2) As a help you can use Awesome Oscillator (if the oscillator is changing color and starting to raise up) you can use this as confirmation to open the position. IMPORTANT! Don't forget to follow RM strategy. Use SL orders a bit lower from price crossing the support line! Trade stocks and ETF at BingX with no special requests, only using crypto by my link: bingx.com
AMEX:SPYLong
by CarpBuro
Rally expansion with a correction to the degree ratioGreetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
SPREADEX:SPXLong
by mehdi47abbasi79
Three tracks to the bottom (cont)This is a follow-up to my analysis from the other day. The green track is the one for the 1968 model. It has held pretty close to the entirety of the whole correction so I favor this model for now. The 2018 model is pretty good. It is the yellow track. It was a short duration but had the lowest bottom. This would give us a bottom around 2700 which most of my other models are no longer favoring. It is good to see, but I am not favoring it as much as the 1968 model. The final model is the 2005 model and the magenta solid path. This model has one of the higher tops over the longer period of time. I do not like this model but it is possible. I figure the drop will be quicker and go below the prior low from October 2022. The 2005 correction did not see C go below wave A's bottom.
SP:SPXShort
by StockSignaler
SPY to $460Overview Utilizing trading patterns and consistencies between several technical indicators, I believe the equity market will begin to unload soon as traders collect their profits from the recent rally and prepare for the next FOMC meeting on 19-20 March. Trading Patterns SPY is currently undergoing a rising wedge which is a bearish trading pattern. Within the wedge, I outlined an impulse wave pattern which shows SPY at what may be the peak of the third wave. Rising share price on dwindling volume, in addition to divergences spotted on the RSI, MFI, and MACD, lead me to confidently believe a dip to around $460 is approaching. Price Target I used the support and resistance lines of the macro rising wedge to determine the paths of the impulse waves, assuming their troughs and crests will reach the respective lines. Presuming the rules of impulse waves hold true then the fourth wave cannot end pass the crest of wave one, which falls in line with the 50% retracement level of the third wave (blue and red Fibonacci tools). This level rests at a share price near $460. Utilizing a larger Fibonacci tool to encompass the entire rising wedge and a projected fifth wave crest as 100%, the $460 share price is around the 61.8% Fibonacci level (when used in the uptrend). Supporting Technical Indicators The MACD shows a divergence as well as an approaching cross over its signal line from above. While not as prominent as MACD, the RSI also shows a divergence between the share price and peaks within the RSI oscillator. I've highlighted the divergence by placing a horizontal line at the end of the first peak. It is also reflecting overbought signals. The MFI shows a sharp negative slope but the SPY share price is still rising. This divergence, aligned with the signals of the other two indicators, suggests the share price may be about to drop.
AMEX:SPYShort
by Shepherd_Investor
Easing Inflation Rate Spurs Optimism for a Bullish Trend?Hi Realistic Traders. Here's my price action analysis on the S&P 500! The CBOE:SPX has convincingly breached the double bottom, presenting a compelling signal for a potential bullish reversal. The price trajectory exhibits a sustained upward movement, concurrently shaping a continuation pattern recognized as the Descending Broadening Wedge Pattern. As this pattern unfolds, a subsequent breakout from the descending broadening wedge provides robust confirmation of a conceivable upward trajectory toward the specified target area. Beyond the prism of price dynamics, the oscillator has undergone a significant golden cross, adding another layer of confidence to the outlook and signaling the potential for a bullish market trend. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Recent Announcement of the Inflation Data - In October 2023, the annual inflation rate in the United States decelerated to 3.2%, marking a decrease from 3.7% observed in both September and August. This figure also fell below market forecasts of 3.3%. - The annual core consumer price inflation rate in the United States, excluding volatile items such as food and energy, exhibited a marginal decline to an over two-year low of 4% in October 2023, down from 4.1% in the preceding month. Contrary to market expectations, which anticipated stability at 4.1%. - The unexpected deceleration in inflation has fostered the anticipation that the Federal Reserve's assertive tightening cycle may have concluded. This development is instilling optimism for a bullish scenario in the market. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CBOE:SPX ." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
SP:SPXLong
by financialfreedomgoals101
4
Another Leg Up Needed After PullbackAssuming the current market correction is a scaled down version of the 2000-2009 correction, we likely have one more leg up to complete the pattern. The RSI hit a bottom at the end of the A wave down in 2002 and 2022. Since this time the RSI had been producing higher lows with the exception of one cross in May 2006 and August 2023. This appears to fall in line with the internal B wave inside of the corrective up wave. If 2000-2009 is a template, the current market still needs to see the RSI moving average (white line) at the bottom cross below yellow trendline. This initial cross will likely occur near the final market top, assuming the market has not topped yet. This cross below should also coincide with a slight market pullback. All of this is expected in the yellow circle at the bottom of the chart. While companies are thrashing low-balled earnings estimates, and profiting more thanks to higher prices, this will not continue. The consumer debt bubble is set to burst. High debt will significantly stop consumer spending on non-necessities. Others will go bankrupt. The debt holders will get crushed which in turn will hurt banks and companies. A massive correction is coming thanks to extra low interest rates for way too long. The correction will be significant and fast. The recovery on the other side will rebalance the market and lead to legitimate valuations down the road again. However, many companies, people, and countries will need to collapse first. Patience and prudence is the keep to getting through the next 1-2 years.
SP:SPX
by StockSignaler
A Roadmap on How this Year May Turn Out | QQQYet again buyer are still able to keep price higher and higher but at the same time we can spot weakness in each rally that occurs. Key note to look out for is that this rally that started in 2023 seems similar to the last in 2020 except for the Feds stimulus package that set the economy in turbo mode. As highlighted in green you can analyze the strength in both rallies to help predict what this year could look like, and going into the next. Based on the analysis QQQ is set to hit around $500 near the end of this year. As seen with technology carrying the market on its back, BTC, NVDA, and top performing assets are really set to explode even higher than what we see now. Buckle UP
NASDAQ:QQQLong
by Nathanl19
3
SP500, high AB=CD, multiple inside bars entryWeekly Bias is UP, Daily is UP as well. We have an AB=CD which happens above the 38% retracement of the bigger swing up. (some people might refer to this as a high-tight flag). 30 min is showing divergence. The entry is a breakout after multiple inside bars pattern also known as a popgun pattern. The risk to reward to the previous all-time high is 1 to 5 if no scaling out. Scaling out will still give you some 1 to 3 RR. If you pick a longer-term trailing target that looks pretty sweet.
BLACKBULL:SPX500Long
by TheSpringHunter
US-Market SentimentUS Market Sentiment and Swing-Trading Considerations - NASDAQ Heatmap Color-Coded Performance Indicators: Green Boxes: Represent stocks that have had positive performance over the past week. The intensity of the green color indicates the level of positive performance, with darker greens showing stronger gains. Red Boxes: Represent stocks that have experienced negative performance. Similarly, darker reds show larger declines. Sector Analysis: Technology Services: Companies like NASDAQ:MSFT (Microsoft) and NASDAQ:GOOG (Alphabet) show moderate gains, suggesting a positive sentiment in the technology services sector. Electronic Technology: A mixed view with significant gains by NASDAQ:NVDA (NVIDIA Corporation) but a slight decline in NASDAQ:AAPL (Apple) indicating a divergence in performance within this sector. Retail Trade: NASDAQ:AMZN (Amazon.com Inc) shows a strong performance, which is a positive sign for the e-commerce space within retail. However, PDD and MELI experienced notable declines. Health Technology: Mostly green with strong performances from companies like AZN, indicating good momentum in this sector. Consumer Durables: NASDAQ:TSLA (Tesla Motors, Inc.) is down significantly, which could suggest a potential concern for the electric vehicle or broader consumer durables market. Consumer Non-Durables: A mix of performance, though PEP is up, which might indicate stability in consumer staples. Notable Stock Movements: NVDA: The strong gain suggests investor confidence or positive news related to the semiconductor industry or the company specifically. ADBE: The notable decline could be due to earnings reports, market sentiment, or sector-related news impacting software companies. AMZN: A substantial increase like this could be driven by positive earnings, favorable market news, or successful business ventures. TSLA: A sharp decline may be the result of negative press, disappointing earnings, or adverse industry developments. Market Sentiment: The overall market sentiment can be gauged by the balance of green to red. In this heatmap, green appears more prevalent in larger squares (representing larger companies by market cap), suggesting a cautiously optimistic sentiment among major players. Considerations for Swing Trading: Momentum Stocks: Stocks like AMZN and NVDA with strong positive momentum could be considered for a swing trade, following Minervini’s principle of trading in sync with the market trend. Volume and Price Action: Before making trading decisions, it's important to analyze the volume and price action for confirmation of the trends suggested by the heatmap. Potential Reversals: Stocks like TSLA and ADBE that have experienced significant drops might be scrutinized for potential reversals if they approach technical support levels. Final Thoughts: This heatmap is a snapshot and does not provide the granularity needed to make a final trading decision. It is a starting point for identifying potential stocks to trade. A trader following Minervini’s methodology would look for specific technical setups, such as tight price consolidation, relative strength, and trading volume, among other factors, before entering a trade. It's also important to consider that the heatmap shows past performance, which is not always indicative of future results. Each potential trade should be evaluated in the context of current market conditions, news, and comprehensive technical analysis.
NASDAQ:QQQ
by JS_TechTrading
Market Psychology: Why the Wall St. Cheat Sheet Still WorksI decided to apply the Wall Street Cheat Sheet to a chart of the S&P 500 during the Dotcom crash. It is impressive that it still works and holds so many lessons. The question you should ask yourself is, where are we now? Let me know your thoughts in the comments below. ------------------------------------------------------------- Understanding the implications of the Wall Street Cheat Sheet can be crucial for investors and traders looking to navigate the markets more effectively. It serves as a reminder of the recurring nature of market sentiment, highlighting that investor psychology tends to repeat itself in a cyclical pattern. Recognizing these patterns can help traders anticipate market movements and improve their decision-making processes. Although it's not a fail-proof guide to predicting market trends, the Wall Street Cheat Sheet is a tool that, when combined with other strategies and risk assessments, can provide insightful context to market indicators and behavior. The Wall Street Cheat Sheet encapsulates the variety of emotions investors go through during market cycles. Recognizing emotional cycles can inform risk assessment and trading strategies. The Wall Street Cheat Sheet serves as a roadmap for navigating the emotional highs and lows investors face during market cycles. Each phase reflects a collective sentiment that can influence financial markets and, subsequently, the price movement of stocks. Market cycles represent the recurrent fluctuations seen in the financial markets and can be identified through the price movements of stocks. These cycles are driven by a variety of factors such as economic indicators, corporate performance, and investor sentiment. The Wall Street Cheat Sheet encapsulates the typical emotional journey of investors through the different stages of a market cycle. The following phases are included: Hope: A period when optimism starts to grow, and investment decisions are made with the anticipation of future gains. Optimism: The phase where confidence continues to build, often leading to increased investments. Belief: This stage marks a commitment to the bullish trend, with many investors convinced of their strategy. Thrill: Investors experience a high, often accompanied by a sense of triumph. Euphoria: The peak of the cycle, where maximum financial risk is actually present but overlooked due to extreme optimism. Complacency: After reaching peaks, the sense of euphoria shifts to a state of denial once the market begins to turn. Anxiety: As market correction sets in, anxiety starts to replace complacency. Denial: Investors hold onto hope that the market will bounce back quickly, failing to acknowledge changing trends. Fear: Acknowledgment of losses sets in, and panic may ensue. Desperation: A feeling of helplessness might prevail, with investors looking for a way out. Panic: Rapid selling occurs, trying to exit positions to avoid further losses. Capitulation: Investors give up any previous optimism, often selling at a loss. Anger: The reality of financial impact hits, and investors question their decisions. Depression: Coming to terms with the financial hit and reflecting on the decisions made. Disbelief: Skepticism prevails even as the market may begin recovery, with many wary of another downturn.
CBOE:SPXEducation
by liberatedstocktrader
15