S&P500 Two targets on this newly started riseThe S&P500 made the first rebound on the bottom of the Channel Up.
Breaking over the MA50 (4h) has confirmed the short term bullish sentiment.
Trading Plan:
1. Buy this pull back as close to the bottom of the Channel as possible.
Targets:
1. 4000 short term (under the MA200 (4h)).
2. 4220 long term (top of the Channel Up and +11.00% rise).
Tips:
1. The MACD (4h) has formed the same pattern it did on the November 3rd and December 20th bottoms.
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Notes:
This is a continuation of this trading plan:
Us500
BITCOIN and S&P500 on similar fortunes. Target 64000 and 4900.his is not one of our usual analyses but we found a pattern that Bitcoin and S&P500 shared in the past and may replicate in the future now that the Bull Cycle has restarted.
Based on this the first target for both of them when the get out of a Bear Cycle is Fibonacci 2.0 from the last High before the final selloff.
For Bitcoin that target is 64000 and for the S&P500 4900.
Long term outlook don't get confused with our usual shorter term signals.
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Looking for SPX stem dips.US500 - Intraday - We look to Buy at 3858 (stop at 3818)
Levels close to the 61.8% pullback level of 3972 found sellers.
An overnight negative theme in Equities has led to a lower open this morning.
Intraday, and we are between bespoke support and resistance 3858-3983.
Immediate signals are hard to interpret.
Preferred trade is to buy on dips.
Our profit targets will be 3983 and 4000
Resistance: 3983 / 4077 / 4086
Support: 3848 / 3818 / 3800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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US500 Bullish ProjectionSince January 2022, the US500 has been experiencing a downtrend. Recently, the price has broken through the trendline and subsequently retested it, indicating a bullish signal. I predict that the price will continue to move towards my target zones.
However, it is possible that the price may remain within a certain range for a period of time, or even fall below the trendline. Nonetheless, my overall bias remains bullish.
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S&P500 Has started the new 1 month bullish legS&P500/ SPX has been on Higher Highs/ Higher Lows in the past 3 days, forming a bullish reversal exactly on the bottom of the 5-month Channel Up.
The RSI is very similar to the previous bullish leg in January.
Buy and set Target A at 4050 (Fibonacci 0.618 within Channel Zone 0.5 - 0.618) and Target B at 4280 (Fibonacci 1.236 extension and top of the Channel Up).
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US500 Outlook 3/12Bullish on indices in general, would like to see this week put in what would be the monthly low.
SP500 a short term outlook 🦐Based on the 4-hour timeframe, there are clear indications of a bearish trend in the S&P 500 index. After testing the weekly resistance level at 4160, the market started a bearish move with a series of lower lows and lower highs.
Further analysis shows that the market retraced to the 0.618 Fibonacci level after the first bearish impulse and tested a daily resistance level perfectly. This level is known as an inversion point, indicating a high likelihood of the market reversing its trend.
From there, the price created a second impulse toward the lower weekly support, indicating a continuation of the bearish trend.
As such, it may be wise to wait for a new opportunity to set a nice short order in anticipation of further price declines according to the Plancton's strategy rules.
OIL SELL POSITION I was anticipating a buy position on oil but it failed to break 82 dollar region where I plotted a minor zone. it has come down to break a very strong support, I'm watching out for weekly candle close and a retest to that zone it broke out from then I will be looking out for sells opportunity on 4hr Time frame.
S&P500 potential downsidesHey Traders, US500 is trading in a down trend and extending pullbacks seems to approach the major trend, so in today's trading session i will be watching a potential rejection around 3925 supply and demand zone at the trend. one of the reason i'm considering this potential setup is the bullish momentum on DXY as we know the negative correlation between the stock market and dollar.
Feel free to ask any question in the comment section.
Trade safe, Joe.
GO PRO or Go Home 📷 Analysis #25/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
GPRO is stuck inside a range around support in the shape of a rising broadening wedge, and it is currently around the lower bound so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
🏹 For the bulls to take over, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, GPRO can still trade lower till the 4.7 support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
"Crash landing" instead of "soft landing"?Yesterday, U.S. inflation came up in line with expectations, and the market continued to enjoy relief after last week’s route. However, while the FED is progressing in fighting soaring prices, many problems are still on the horizon (declining corporate profits, rising unemployment, the persistence of tight monetary policy, problems in the banking sector, etc.). As such, market developments are starting to align for the “crash landing” instead of the “soft landing” that everyone was so eager to forecast just a month or two ago. With that said, we remain bearish on the U.S. stock market and expect it to decline by 20-30% in the coming months. Accordingly, we maintain our price target for SPX at $3 400.
Illustration 1.01
The picture above shows the daily chart of SPX and simple support/resistance levels.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Slightly bearish
Illustration 1.02
Illustration 1.02 displays the daily chart of SPX. The yellow arrow indicates a bearish crossover between 20-day SMA and 50-day SMA.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
SPX500 Retracement To 3980SPX possibly pulling back towards the supply zone @3980-4000. Once at supply we look for a bearish shift in market structure and go short.
S&P500 is accumulating for a 2 year rally to 5700.We have showed you this multi-year Channel Up on the S&P500 index (SPX) before. We have shown you the Lower Lows Support of the 2M RSI that has caught all major bottoms since 2016. What this chart shows is that the index has bottomed on the Channel's Higher Lows (a 13 year trend-line) and is basically on an accumulation phase before the new rally begins.
The previous 2 rallies of the 2011 and 2016 bottoms hit the top of the Channel in about 2 years. That gives a roughy 5700 target by the end of 2024. If it follows the more aggressive COVID recover rout (March 2020 and after) that hit the 1.5 Fibonacci extension, we may hit 6250 by the Summer of 2024.
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SPX500 Short-Term Bearish Analysis/ExpectationThe most logical target for the downtrends in the SPX500 is this year's low at 3814.
The scenario described in the chart is the most likely if the sellers want to hit this target in the short term. Given the high volatility, this scenario doesn't have such a high probability to occur compared to a normal market state.
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF (IS THE KING)
- ETC
S&P 500 further drop expected?S&P 500 has broken a key overlap support a t3906 and has also broken an ascending support line and crossed below the Ichimoku cloud. This could suggest a further drop below 3906 towards the next major support at 3759.
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S&P500 bottomed on the 5 month Channel Up. Buy.S&P500 hit the exact bottom of the long term Channel Up pattern and remains under the 4hour MA50.
This is an instant buy opportunity technically. The 4hour RSI double bottomed.
This price action looks very much like the previous Channel Lows of December and October.
We buy on the current market price. A crossing above the 4hour MA50 confirms it. Target 1 is 4100 (Fibonacci 0.618) and Target 2 is 4200 (Fibonacci 0.786).
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Your "bull market" thesis does not add upLast summer, we explained how a recession in earnings would confirm the market’s progression into the second stage of the bear market (with the release of corporate earnings for 3Q22 and 4Q22). Furthermore, once major U.S. indices hit lows in October 2022, we warned that stocks and cryptocurrencies were experiencing merely another bear market rally, deceiving the majority of market participants into believing that the primary trend reversal (from bearish to bullish) was taking place. As a result, many popular profiles on TradingView were eager to forecast the bottom and parabolic rallies. Opinions of no pullbacks and “once in a lifetime opportunity to go long” emerged relatively quickly. However, these opinions were pushed forward mainly by people who failed to acknowledge the downtrend for over a year, predicting the market bottom every other week.
We warned about all these developments while highlighting changes in sentiment among investors. In fact, we explicitly said that market participants were looking for any type of excuse for the market to rally (looking for FED’s pivot first and then finding the excuse in the strong labor market). However, it is becoming increasingly apparent that the bull market thesis does not add up with the FED’s hawkish stance (and its commitment to keep raising interest rates).
That is no surprise to us since we recently noted that high hopes of market participants would lead to a repricing event, smashing investors’ optimism (once they find out there will be no reversal in monetary policy). Overall, market developments continue to unravel in line with our previous expectations, and therefore we have no reason to change our bearish stance on the U.S. market. Accordingly, we maintain the price target for SPX at $3 400.
Illustration 1.01
Illustration 1.01 displays the market's negative reaction to Jerome Powell’s hawkish remarks (during yesterday’s testimony to U.S. Congress) on the 1-minute chart.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Neutral
Illustration 1.02
Illustration 1.02 shows the daily chart of SPX. On 28th February 2023, we warned that too many consecutive down days in SPX were making a good case for a rebound. However, we also said that we did not expect this to impact the primary bearish trend. Interestingly, the market followed suit, and SPX (temporarily) rallied above the 20-day SMA, which acts as a resistance. To further support our bearish thesis, we would like to see the price fall below Support 1.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
US500 - Short - RR3Smart Money Concepts
During the london killzine (2.00-5.00 ny time) a draw on buyside liquidity took place. The draw on liquidity took out the previous high and formed a bearish market structure shift.
As a result of taking out the previous high and forming a market structure shift, a bearish breaker block has formed. Due to the strong bearish momentum, a bearish fvg has formed.
There's a difference between an imbalance and an fvg. We only take an entry on an fvg combined with a breaker. An fvg is a 3 candle formation that has formed immediatly after a draw on liquidity.
The overlap between the breaker and the fvg is our point of interest to take an entry. In addition, a bearish orderblock has also been formed, which will serve as a last line of defence for our stop loss placement.
As an extra confluence to the above strategy, at least one of the conditions below must be present as well (not all of them are required, one is sufficient enough).
1. MACD signal must be bearish for a short, or bullish for a long
2. MACD bullish divergence for a long, or macd bearish divergence for a short
3. Hull Suite green colored and price above the ribbon for a long, or Hull Suite red colored and price below the ribbon for a short.
4. RSI over bought for a short, or rsi oversold for a long
5. RSI bullish divergence for a long, or RSI bearish divergence for a short
6. Fibonacci golden pocket
stocks upstocks broke their downward channel they are consolidating in since the burst of the corona bubble. price is retesting this channel currently. price is also right at a strong horizontal support. I am expecting a huge move from here. this could be the bottom of our new sideways channel we weill see for the upcoming years.