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S&P 500 - Next Steps for 2019+Over the last 7 years, S&P 500 has respected EMA 200 + long term diagonal support; with very similar touch-points. There is currently a challenging double top in the 295 area which might push the price down to consolidate between 257-295. The current channel is between 273-295 which if you want to profit, you would want to zoom-in a trade set-up with a lower time-frame. If consolidation remains, this could be in danger zone as it approaches a very strong support with EMA 200 + long-term trend line which was just tested in December 2018. Stochastic indicator also tell us good information about the trend confirmation of the movements: -It remains over the 'Stoch' limits when the rally has been continuous - Spikes down the limit with aggressive bound representing big support rejection - Inside limit area: consolidation A good approach with the stochastic , EMA and trend line would be the following: - 295 break up + continuous 'stoch' above limit will definitely confirm another rally with 295 as resistance in case a fake break happens - A break below 273 with 'stoch' inside limit areas might indicate a possible test of the biggest support: around 258 levels touching EMA 200 + trend line . - Stochastic below the limit on this scenario could mean an aggressive sell-off and will have to see if it bounces on 258 + EMA 200 + trend line which could be a good buy opportunity with low stop loss. This long-term strategy is currently in a neutral position, we would need to wait for channel confirmation. If you want to trade, you would need to go into a lower time frame.
AMEX:SPY
by Wolf
S&P500 ALL TIME HIGH IS CLOSE!Hey! It's time for a brand new S&P500 analysis. S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further. NOTICE: YELLOW LINE : Broken trendline in the middle of the other two. RED LINE : The bottom trendline which is the current support IF S&P500 falls. LIGHT LINE : Current resistance level. It shows that we will probably end up having 2950 points at least on S&P500. ORANGE LINE : The current goal for every trader there is. Usually when a secure brokes all time high It will go down. If we reach 2940-2950 points I would suggest to short S&P500. DARK BLUE : The current horizontal support level. ( This is more likely to happen rather than RED LINE ) The only indicator I'm having in this chart is EMA15 which comes from the lower part of the candle which means we're still bullish. Pst. Click that follow button by the way! ;) See you soon! -JJ-
SP:SPX
by UnknownUnicorn3848732
Potential Long Position For The SNPThis is just a short-term long position for the SNP, if you are a swing trader then there is a possibility we may bounce in January and continue back down on February. I am basing this on the fib extension of 1.618 and the .236 Support level. Things could go alot lower as bearish momentum almost always moves faster than bullish momentum when it comes to the SNP 500. Also I am not as expierenced trading the SNP as i am in other markets so take my charts as just guides as another traders viewpoint so you can further make your own desicions
SP:SPXLong
by StevenRodas
1
SPY long term view.Put simply, the stock market compounds and thus should follow a compounding curve in the long term. I've set a parabola to the historical lows and find that 2018 has corrected to this curve nicely. RSI is also shown and compares 2018 values to historic readings at this level. While it is true that both the 2000 and 2008 crashes had RSI values similar today (makes sense as the market was selling hard), in most cases RSI at these levels on the weekly chart suggests a relative low. I set a trade window showing a 5% stop and a 32% potential gain should the market respect the long term compounding curve and bulls move in to buy again. As a third analysis I generated smaller parabolas representing cycle's within the long term cycle (a fractal-esque phenomenon). Extrapolating that to the current FED induced bull market I truly believe that SPY tops at $500 in 2022 before the next major crash occurs.
AMEX:SPYLong
by HyerQuality