Spx: When Copper met SugarAn interesting thing when you see divergence of the copper and sugar futures and what happens to markets after they redirect. Could be nothing..but monthly topping tail seems to be useful on S&P to start roll overby CYQOTEK0
SPX500 H4 I Bearish Momentum?Based on the H4 chart analysis, we will wait for price to pullback to our sell entry at 6,072.05, a pullback resistance. Our take profit will be set at 6,031.03, a pullback support. The stop loss will be placed at 6,110.58, above the 127.2% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM0
Long stocks here gap closedMon low put in. Friday close gap closed . New highs nextLongby FOLLOW_TRADINGYID_ON_TWTR0
SPX ShortThese were 2 scalp short entries on SPX with the help of 5 and 1M chart too. price broke through POC and PD AVAAPs on volume after NY opened up so I went short. 1st entry was till Thursday's POC and S1. when price broke through that and held below the zone on volume, this is where I went in with max position for scalp. Shortby Osiris9921
S&P500 is still strong🟢 S&P500 is still strong The USA index is showing strength amid geopolitical tensions. Right now, the index is in a clear bull trend since 2023 and we are far from a clear corrective pattern. Take care if the price approach the red trendline, breaking that trendline could be a first signal of a neutral or bear market unfolding. For now is better to hold or even buy if the price arrives to previous highs. Previous highs are a good point to buy with low risk-to-return ratios.by TopChartPatternsUpdated 114
🇺🇸 S&P500 // Just Another Video IdeaThe S&P500 is long an all timeframes, and even looking at the fact that we are deep in the long term target zone, the H4 impulse base is still strong, and there is a countertrend break opportunity on H1. ——— Stay Patient, Stay Disciplined! 🏄🏼♂️ Your comments, questions, and support are greatly appreciated! 👊🏼 Long03:12by TheMarketFlow1
SPX at 5,400? How are bears? Before diving into macroeconomic complex indicators, let's briefly touch on price action. First, let's assume that Trump's trade, as such, didn’t happen. It's just a regular market move with some added clarity. Second, ahead of us is Christmas Eve, which should have already started, but instead, we have a "skeptical" rise, ready to explode at any moment right before our eyes. I've spoken many times about why the price of the SP500 should remain around 6000 in the coming years (we're wrapping up the post-Covid rally with this). Okay, from different angles and levels, we say that the U.S. economy is in good shape, which was recently confirmed by Powell, who is entering an interesting romance with Trump. The best economy never lowers interest rates. In addition, a correction is inevitable, and the historical high followed by another new historical high will inevitably lead to a correction, which, due to the January effect, could successfully bring the price to 5700, or in a more optimistic scenario, 5400. So instead of waiting for Christmas Eve, it would be more accurate to expect a correction.Shortby gorgevorgian1
Big picture S&P 500!At this moment we're almost at an important trendline. A trendline connected from the 1929 high and the 2000 high. Something to consider!!! Will we cross that trendline? Are we Topping out? Everybody is Bullish, Almost all the bears trew the towel into the ring. Nothing can happen, everything is positive, only up up up. I think it's almost time to think like a contrarian! So vice versa;-). Time will tell but this chart is pretty clear to me but provides no certainty. by Ronbaten0
Bear Day,But May Change.Potential Short Term Downside. Some Liquidity left over. Looking for breaks either way. by L-I-V-Trade0
NEW IDEA FOR S&P500Technically, the S&P500 is trading in an ascending channel on the four-hour time frame, and now, given the high of the bullish Super Komo, there is a possibility of an increase in the price. Overall, this scenario is strengthened that the S&P500, provided that it maintains and does not record any four-hour candlestick close below the important support range in the 6081-6075 range, can rise to the resistance of the middle level of the ascending channel at 6118.Longby arongroups1
US500 possible SELLThe market is currently forming a Daily Reversal pattern . Based on 4HR TF, the market seems to be forming a possible reversal chart pattern as well. We could see Sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.Shortby WiLLProsperForex1
S&P Correction S&P is headed for a retracement/correction , divergence is confirmed on DJ industrial average. This is in no way confirmation of end of bull run , it can be used for buying at more reasonable prices, once price consolidates at higher low, and continues back in overall bull trend after collecting liquidity. Off course - whole scenario changes if while waiting for confirmation of a higher low, we see a lower low, it would be setup for a short at lower high then.by arfien1
Us500 updateIf you can tell me we're this year rally started you can agree with that we are going to hit 65k,however I've realized not everything need to be said in public there is rules n conditions,and I don't have to revealing everything but just know that we know what we are doing and how to follow the trend,note that the rally ita still going to continue until the target.Longby mulaudzimpho0
SPX - chatGPT does Gann# **SPX Forecast and Advisory Report** ### **Date**: December 8, 2024 ### **SPX Close**: 6090.28 **Prepared by**: --- ## **Introduction: Navigating the Path Ahead** As of December 8, 2024, the SPX stands at 6090.28, reflecting remarkable resilience amidst evolving economic conditions. This forecast report, grounded in Gann's legendary methodologies and refined through advanced analytical techniques, projects SPX price and time cycles through 2047. By leveraging historical low/high/low sequences (seven distinct sets of pivots), this report offers investors a clear and actionable roadmap for navigating the years ahead. --- ## **Price and Time Predictions (2024–2047)** ### **2024–2027: Optimism with Strategic Caution** - **2025**: - **Price Target**: ~6900 by mid-year, marking a strong continuation of the current uptrend. - **Time**: Potential short-term correction in **Q4 2025**; use this as a buying opportunity. - **2026**: - **Peak**: ~7200 in **late Q1 2026**, followed by a cyclical correction. - **Bottom**: ~6400 projected for **Q3 2026**, likely driven by macroeconomic pressures. - **2027**: - **Rebound**: Market recovery to ~7600 by **Q4 2027**, fueled by renewed growth and easing monetary policy. ### **2028–2032: A Pivotal Era of Growth and Volatility** - **2028**: - **High**: ~8000 in **Q2 2028**, with volatility increasing toward year-end. - **Correction**: Expect a pullback to ~7200 in **Q4 2028**, presenting an accumulation phase. - **2029–2030**: - **Breakout**: A new cycle high of ~8500 by **mid-2029**, with intermediate resistance near 8200. - **Correction**: A multi-quarter decline to ~7500 in **late 2030**, as geopolitical tensions weigh on sentiment. - **2031–2032**: - **Climactic Rally**: Surge to ~9000 by **mid-2032**, driven by structural economic shifts. - **Warning**: Early signs of a long-term cyclical peak emerging; expect heightened volatility into **Q4 2032**. ### **2033–2037: Approaching the Supercycle Top** - **2033**: - **Correction**: A significant pullback to ~8100 in **Q2 2033**, followed by a rebound to ~8600 by year-end. - **2034–2035**: - **Rally**: Renewed bullish momentum pushes SPX to ~9500 in **mid-2035**. - **Volatility Spike**: A sharp correction back to ~8800 by **early 2036**. - **2036–2037**: - **Supercycle Warning**: Major cyclical low at ~8300 projected for **mid-2037**, with signs of exhaustion in the multi-decade bull market. ### **2038–2042: The Generational Top** - **2038–2039**: - **Parabolic Advance**: SPX soars to ~11,000 by **late 2039**, as the final leg of the secular bull market unfolds. - **2040–2042**: - **The Ultimate Top**: Market likely peaks near ~12,500 in **early 2042**, signaling the culmination of the supercycle that began in 1932. - **Structural Shift**: Expect increased volatility and distribution patterns throughout 2042. ### **2043–2047: The Reset Phase** - **2043–2045**: - **Bear Market**: Significant declines to ~8500 by **2045**, reflecting the end of the supercycle. - **Opportunities**: Investors should focus on defensive strategies and prepare for a long-term market reset. - **2046–2047**: - **Bottom Formation**: The market stabilizes near ~7500 in **late 2047**, setting the stage for a new secular cycle. --- ## **Investment Strategies Based on Forecasts** ### **2025–2027: Growth with Tactical Adjustments** 1. Focus on growth sectors (technology, healthcare). 2. Use corrections in 2026 as buying opportunities, targeting recovery into 2027. 3. Diversify globally to mitigate geopolitical risks. ### **2028–2035: Exploit Bull Market Peaks** 1. Ride the bullish wave into 2035, but tighten risk management as volatility increases. 2. Reduce leverage and shift to value-oriented investments by 2033. ### **2036–2042: Prepare for the Supercycle Top** 1. Anticipate major market shifts after 2039; position portfolios defensively by 2041. 2. Consider allocating to commodities and alternative assets as hedges. ### **2043–2047: Seizing Opportunities in a Bear Market** 1. Accumulate high-quality assets during the anticipated bear market of 2043–2047. 2. Stay liquid to capitalize on undervalued opportunities during the market reset. --- ## **Conclusion** This report combines the wisdom of Gann’s methodologies with modern market dynamics to forecast SPX price and time cycles through 2047. Investors are advised to approach the market with both optimism and caution, capitalizing on growth while preparing for inevitable corrections and long-term structural shifts. --- This version keeps explanations concise while emphasizing actionable insights and predictions. It’s ready for your TradingView audience!Longby moleman3401
SPX500: Bullish Momentum Holds StrongHello, VANTAGE:SP500 remains strongly bullish! A shift to a bearish outlook might only occur if the price settles comfortably below the 1W pivot point. For now, the bullish momentum is anticipated to continue. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344by TradeWithTheTrend33441
Nightly $SPX / $SPY Predictions for 12.09.2024🔮 📅Tue Dec 10 All Day OPEC Meetings 📅Wed Dec 11 ⏰8:30am Core CPI m/m CPI m/m CPI y/y ⏰10:30am Crude Oil Inventories 📅Thu Dec 12 ⏰8:30am Core PPI m/m PPI m/m Unemployment Claims #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investingShortby PogChan0
Huge Harmonics Big W structures are all over the market. Harmonics are probably the most useful thing I know in terms of accurately predicting the important inflection points in markets. When there are harmonic reversals, they tend to come in essentially right on the nose (with a bit of stop hunting) and the failure of harmonics as a reversal is typically a strong trend continuation formation. I love it when big harmonics set up because I almost always make money. Sometimes I make money in the reversal, sometimes I make money in the breakout - and I am equally happy with either one. Unless I have extremely good reason to fade the harmonics, I'll tend to default to betting on the reversal. Few reasons for this. One is I love to trade asymmetrical RR and harmonic reversals always offer this. Second is harmonics will often at least fake a reversal and give scope to get stops into even and freeroll the reversal. Finally, I somewhat feel harmonic reversal trades are "Free to lose" because 90% of the time I'm going to make between three to seven times what I lose when I see the pattern has failed and flip bias. When big harmonics form, big decisions are made. At this point I basically consider this to be a Law of the market. Generally agnostic on if it will be up or down, but strongly expect it will pivotal decision. Here's a dump of massive harmonics. ===== They are ... everywhere. Something exciting is going to happen. I find it essentially impossible there this big a confluence of harmonic patterns and something spectacular does not follow. Shortby holeyprofit88103
More 4.23 Fib Doom Posting We'll touch on all the main concepts of the thesis covered here in this post but it's already extensively covered in the below related post. For full context it's best to read that first: My betting pattern through these fibs is always the same. I'm always interested in fading moves at the 1.27 - 1.61 fibs. If those break I am always looking for strong momentum to the 2.20 fib. If and when 2.20 - 2.61 fills I am always looking for reversal possibilities and if 2.61 breaks I always expect it to go parabolic to the 3.xx fibs - and I'll always come in to try and fade the move again around the 4.23 and the 4.23 spike out. If and when a 1.61 breaks my overall thesis dramatically changes. For example, heading into the 1.61 on NVDA at 450 I was interested in possible reversal trades. Once I seen the 1.61 was probably going to break my forecast changed to a rally of a close to 200% in NVDA to fill the 4.23 fib. 4.23 fibs are extreme polarizing events. Extreme polarising events are what I most like to trade. If something might go up 50% or might go down 50% and I only have to risk 5% to bet on one or the other, I'm going to take those bets every single time. I know I am not going to lose over 85% of them (based on historic testing - past performance does not .. bla bla). When we're at a 4.23 in the grand scheme of things there are only really two things I see happening and both of them are notable changes in the tone of the trend. At the 4.23 the trend is either ending or it is heading into hyper performance. Here's an example of hyper over performance. If we draw a fib from the high to low of Black Monday, we can see there was a weak stall and retest of the 4.23 and after that the scope to make money as a bear was extremely limited for a significant period of time. Interestingly enough, when a bear move did come - it was just a retest of the 4.23. To me, it's a total no brainer to fade the 4.23 fibs. Since I know it's likely to be a polarizing event I know I can fade the high probability level for a reversal and if it does not work I can just flip long and make all my money back quickly. The area in which I have to be wrong relative to the area I can get my money back long is tiny. My area of pay off in the event of the 1.27 retest relative to my area of risk is tiny. And almost invariably I am long into the 4.23 hitting - so I've usually made a lot more in longs than I can lose fading the resistance anyway. NVDA is a classic example. Made more than enough in the 1.61 breakout into the 3.xx fibs to cover all the possible zones I'd want to short and be wrong in a runaway trend. Exceptional reversals have happened at 4.23 fibs. Many of the most famous reversals in history came right on that level. Here's the Depression. Filled the 4.23. Crashed all the way to the 1.27 spike out. That happened in 1929. All these years later, the exact same thing happened in the BTC top. Topped 4.23 and dropped all the way to the 1.27 spike out. Kinda weird. Especially after making the 4.23 top. And these are classic expressions of the bust pattern. Here is the self-same pattern expressed in the BB bubble and pop, taking 20 years to fill all the phases. If you'd drawn a fib on the 2016 pullback then you'd have watched SPX spike above the 4.23 early 2020 and then crash to the expected support fibs. Even although this move was "Entirely unpredictable" and "Purely based on a Black swan event" - it traded level to level exactly as the TA template would imply, and that implied move could have been charted in many years before the levels filled. ==== Big 4.23s. Now we've covered some conceptual stuff that allows you to understand the context of the 4.23 decision levels - here's a dump of big ones that have now filled. NVDA MSTR GOOG VOO TSLA DJI All of these are either at their test point of the 4.23 or they're at areas where real make or break points are because we either have the 4.23 heads fake (setting up devastating reversal) or we have 4.23 breaks which complete annul any big bear cases for the foreseeable future. Now that we have these major decision points, the velocity of markets should increase. This is true of both the reversal and breakout setups. If the breakout comes, it makes the previous trend look trivial (and the previous trend was exceptional so that would imply hyper parabolic markets). And if the 4.23s are actionable resistance levels, we'd be in the final throw before a dramatic risk off shift in markets. Quite legitimately, the most interesting spot I think stocks have ever traded in my entire trading life. In 2009 at the low, this fib could have been drawn and from as early as then we could have determined a massive decision comes somewhere 5,000 - 6,000. Using that could have got you short the exact high of 2022. Now we're waiting to see what happens on the break or fake action above the 4.23. Which ever way it goes this is, technically speaking, the most important inflection point we've had so far. Multiple years of trend up or down will likely be decided right here in this spot. Exciting times to be a trader, whatever way it goes. Shortby holeyprofit7713
Market Snapshotwww.investopedia.com 1. "An investment in knowledge pays the best interest." — Benjamin Franklin When it comes to investing, nothing will pay off more than educating yourself. Do the necessary research and analysis before making any investment decisions. 2. "Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows." — Jim Rogers While 10- to 15-year lows are not common, they do happen. During these times, don't be shy about going against the trend and investing; you could make a fortune by making a bold move or lose your shirt. Remember the first quote in this article and invest in an industry you've researched thoroughly. Then, be prepared to see your investment sink lower before it turns around and starts to pay off. 3. "Be fearful when others are greedy and greedy only when others are fearful." — Warren Buffett Be prepared to invest in a down market and to "get out" in a soaring market, as per the philosophy of Warren Buffett. 4. "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu It's far too easy for investors to lose perspective. Whenever something big goes wrong, a lot of people panic and sell their investments. Looking at history, the markets recovered from the 2008 financial crisis, the dotcom crash, and even the Great Depression, so they'll probably get through whatever comes next as well. 5. "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros Too many investors become obsessed with being right, even when the gains are small. Winning big and cutting your losses when you're wrong is more important than being right. 6. "Given a 10% chance of a 100 times payoff, you should take that bet every time." — Jeff Bezos Most people dismiss many of the best and most profitable investment ideas simply because they probably won't work. These investors never stop to consider how much they could make if unlikely outcomes actually occur. Jeff Bezos took those bets and became one of the richest people in the world. 7. "Don't look for the needle in the haystack. Just buy the haystack!" — John Bogle If it seems too hard to find the next Amazon, John Bogle came up with the only sure way to get in on the action. By buying an index fund, investors can put a little bit of money into every stock. That way, they never miss out on the stock market's biggest winners. 8. "To the extent we have been successful, it is because we concentrated on identifying one-foot hurdles that we could step over rather than because we acquired any ability to clear seven-footers." — Warren Buffett Investors often make things too hard for themselves. The value stocks that Buffett prefers frequently outperform the market, making success easier. Supposedly sophisticated strategies, such as short selling, lose money in the long run, so profiting is much more difficult. 9. "The stock market is filled with individuals who know the price of everything, but the value of nothing." — Phillip Fisher That is another testament to the fact that investing without education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion. 10. "In investing, what is comfortable is rarely profitable." — Robert Arnott At times, you will have to step out of your comfort zone to realize significant gains. Know the boundaries of your comfort zone and practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping ship? Or getting out during the biggest rally of the century? There's no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don't have the stomach to see it through. 11. "How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." — Robert G. Allen Though investing in a savings account is a sure bet, your gains will be minimal due to the extremely low interest rates. But don't forgo one completely. A savings account is a reliable place for an emergency fund, whereas a market investment is not. 12. "If there is one common theme to the vast range of the world’s financial crises, it is that excessive debt accumulation, whether by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom." — Carmen Reinhart Beware of debts that seem sensible during periods of prosperity. When a crisis comes, individuals, companies, and even governments that ran up debts during the boom usually suffer the most. 13. "We don't prognosticate macroeconomic factors, we're looking at our companies from a bottom-up perspective on their long-run prospects of returning." — Mellody Hobson It's very difficult to predict when the next recession or stock market crash will come, so many of the best investors don't even try. Instead, look for good companies with the strength to make it through the occasional challenging economic environment. 14. "Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." — Carlos Slim Helu Don't despair amid the inevitable setbacks that all investors face, especially during a crisis in the market. If the reasoning behind the investment is sound, stick with it, and it should eventually turn around. 15. "The individual investor should act consistently as an investor and not as a speculator." — Ben Graham You are an investor, not someone who can predict the future. Base your decisions on real facts and analysis rather than risky, speculative forecasts. 16. "The biggest risk of all is not taking one." — Mellody Hobson There is a direct tradeoff between risk and returns. If investors stick to low-risk assets like the money market and bonds, then they run a high risk of low long-term returns. 17. "Returns matter a lot. It's our capital." — Abigail Johnson The long-run rate of return on investments ultimately determines how much wealth people accumulate over time. Always look at returns when considering mutual funds or exchange-traded funds (ETFs). 18. "It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for." — Robert Kiyosaki If you're a millionaire by the time you're 30 but blow it all by age 40, you've gained nothing. Grow and protect your investment portfolio by carefully diversifying it, and you may find yourself funding many generations to come. 19. "Know what you own, and know why you own it." — Peter Lynch Do your homework before making a decision. Once you've made a decision, make sure to re-evaluate your portfolio on a timely basis. A wise holding today may not be a wise holding in the future. 20. "Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money to invest. You can't win until you do this." — Dave Ramsey By being modest in your spending, you can ensure you will have enough for retirement and can give back to the community as well. 21. "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." — Paul Samuelson If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting. Many of the best quotes about investing urge thoughtfulness over impulsiveness, boldness instead of caution, and smart research over flavor-of-the-month decision-making. Top Investing Quotes from Contrarians 22. "The four most dangerous words in investing are, it’s different this time." — Sir John Templeton Follow market trends and history. Don't speculate that this particular time will be any different. For example, a major key to investing in a specific stock or bond fund is its performance over five years. 23. "Wide diversification is only required when investors do not understand what they are doing." — Warren Buffett In the beginning, diversification is relevant. However, there are dangers of over-diversifying your portfolio. Once you've gotten your feet wet and have confidence in your investments, you can adjust your portfolio accordingly and make bigger bets. 24. "You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." — Peter Lynch When hit with recessions or declines, you must stay the course. Economies are cyclical, and the markets have shown that they will recover. Make sure you are a part of those recoveries. 25. "The most contrarian thing of all is not to oppose the crowd but to think for yourself." — Peter Thiel Shortby Heartbeat_TradingUpdated 3
SPX_Can we go to $7000 ?Can we break the above the redline and reach $7000 ? Any suggestions. NFAby wovenvoids0
Little more upside for SPX500USDHi traders, Last week SPX500USD did exactly what I've said in my outlook. I hope you made a good profit from it. On Friday price came into the Daily FVG,rejected and went up again. I think we could see a little more upside to the 1.272 fib extension of the previous impulsive wave but first some consolidation. Next week we could see price go up some more after a consolidation (lower timeframe wave 4). Trade idea: Wait for the (triangle?) correction down to finish. After that you could trade (short term) longs. If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading557
SPXSP:SPX The SPX's performance this year has been incredible! One fascinating aspect is its technical analysis. On the chart, we can see that since July, the index started forming an uptrend, characterized by higher lows and higher highs, respecting an ascending channel for 123 days. This behavior is especially significant considering it developed on the 4-hour timeframe, adding more relevance. During this period, we observed upward movements becoming less extended over time, which in technical analysis is known as an ascending triangle. The key levels respected within this pattern are marked in green on the chart. This movement has delivered a 19% gain, representing a significant portion of the index's annual performance. Another interesting point is the gap left at $5,782, which the index might aim to fill if it breaks the pattern established in July. For Friday the 13th, the SPX is expected to move within a $61 range, either upward to $6,161 or downward to $6,016. Finally, don’t forget to check the RSI, which is currently at 72, indicating overbought conditions. However, this doesn’t mean the index will drop immediately. It could extend further upward before seeking a correction. by Mariofxtr0
SPX - took last breathSPX has done an unbelievable Performance in the last years. The Index was driven by large and successfull companies and also bei smaller ones. By comparing the russell2000, small one began to weaken. Why, cause competition from China, India etc. hits them hars. And: we saw three small correction, but not in the character of consolidations. time was to short respective, market to greedy. But, after last correction, market advances only a few % … not strong enough. Big one built cash. For here and now: short without any stopLoss, take first of three positins. Short @6070 USD with 1/3 position. Flyerdan 5. of Dec 2024Shortby FlyerdanUpdated 885