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Sp500analysis

SPX Daily TA Cautiously BullishSPXUSD daily guidance is cautiously bullish. Recommended ratio: 70% SPX, 30% Cash. *Equity Futures are up to start the week and Cryptos are currently seeing some Sunday Scaries, this particular combination typically bodes well for the Equity bulls in Monday's trading session. DXY is up and US Treasuries are down. Today Russia accused Ukraine of planning to detonate a 'dirty bomb' (an explosive with radioactive elements) with hopes of blaming Russia for using weapons of mass destruction and instigating a response from NATO . Key Upcoming Dates: S&P US October Manufacturing PMI at 945am EST 10/24 ; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; 20th and Final GDPNow US Q3 GDP estimate 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.* Price is currently trending up at ~$3752 after bouncing from $3658 minor support, the next resistance is the lower trendline of the descending channel from August 2021 at ~$3800. Volume is currently High (low) and trading in the third largest supply/demand zone as it broke a three day streak of seller dominance with a green close in Friday's session. Parabolic SAR flips bearish at $3507, this margin is mildly bearish at the moment. RSI is currently trending up at 51 as it approaches a retest of 52.68 resistance for the first time since 09/12/22. Stochastic is currently crossing over bearish at 88 in the 'bullish autobahn zone', as long as it stays above ~85 this would still be bullish. MACD remains bullish and is currently testing -43.84 resistance for the first time since July of this year. ADX is currently trending down at 29.36 as Price keeps pushing higher, this is mildly bearish at the moment. If Price is able to continue up here then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3800 as resistance before potentially retesting the 50 MA at ~$3900 as resistance . However, if Price breaks down here, it will likely retest $3658 minor support . Mental Stop Loss: (one close below) $3658.
SP:SPX
by dailytaguy
S&P500 Weekly Forecast 10.16.22The market has taken a hit every month due to the federal rate hike, and it does not look like it will be stopping anytime soon after last week's G7 meeting. Looking at this intraday analysis we can see a very clear market structure that gained a lot of bearish momentum at the end of last week. I will not be surprised if we revisit the target price outlined on the chart. I will be following up on this analysis in the middle of the week for sure!
UShort
by CandlesofKarma
S & P 500: UPDATE ; the gates of Mordor Yeh the title, duno. Anyway its pretty self explanatory. even put some pretty icons on it for you. This is an update of the last idea; see attached. I have adjusted the fractal a bit to make it a bit more 'accurate'. Looks more like blue to me but a sharp drop from here would paint the yellow picture. These are massive bear market rally comparisons; 18 and dotcom crashes. We are probably in another one. Which will prob play out similarly. But who the f&^% knows right? I use fractals as historical comparisons to keep my bias squashed, make me more flexible and ready. History does tend to repeat. lfg do the gates of Mordor open or not? one things for sure we are in a highly correlated environment; crypto etc all gonna do whatever this pos does.
SP:SPX
by Crypto-Quantum-Fox
2
Forecast SP500Good day, traders! Don't forget to put your thumbs up and write your comment if you like the idea Target for the SP500 lies in the green zone (aprox 3326 - 3255). That's where we're heading after the US inflation data, It amounted to 8.2%, and despite its decline (previous month 8.3%), the data came out higher than expected (8.1%). It is very interesting what world news will appear in the near future. It becomes clear that the first defaults appear in the global financial system. And sooner or later, defaults will go not only for companies, but also for countries that are mired in debt. I also came across some interesting statistics. Look: Portfolio investors lost 27% this year - this is the worst year in the last 100 years, i.e. the results can be called historical DISCLAIMER: The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
OANDA:SPX500USDShort
by airstels
6
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. * SHORT SQUEEZE WATCH . US September CPI came in 0.4% higher than in August compared to a 0.1% increase from July to August , and CPI without Food + Energy came in 0.6% higher, signifying that the decrease in fuel prices wasn't enough to slow inflation. This leaves the Federal Reserve in a comfortable position to raise another 75bps or more on November 2nd. Markets initially dumped on this news but have since rallied with Equities, Equity Futures, Cryptos, Energy, Agriculture, US Treasuries, EURUSD, GBPUSD and CNYUSD all now up on the day; DXY, VIX, JPYUSD and Gold are down. Very 2022, and very "short squeeze" vibes. Key Upcoming Dates: September US Retails Sales at 830am EST 10/14; 18th GDPNow US Q3 GDP Estimate 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15; US September Building Permits and Housing Starts at 830am EST 10/19.* Price is currently trending up at $3685 and is testing $3658 minor resistance after bouncing off of $3517 minor support. Volume remains Moderate (high) and is currently on track to end a 5 day streak of seller dominance if it can close today in the green. Parabolic SAR flips bullish at $3785, this margin is mildly bullish at the moment. RSI is currently trending up at 44 as it retests the uptrend line from January 2022 at ~42 after bouncing just above the uptrend line from August 2015 at 35. Stochastic crossed over bullish today and is currently trending up at 58 as it bounces off of 48 support. MACD reverted to a bullish crossover today and is currently trending up at -83 as it approaches a retest of the uptrend line from March 2020 at -76 minor resistance. ADX is currently trending up slightly at 31 as Price shot up today, because this is an extremely volatile surge this is neutral at the moment. If Price is able to reestablish support at $3658 minor resistance then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3800 as resistance . However, if Price is rejected here, it will likely retest the weak descending trendline from July 2021 at ~$3600 as support . Mental Stop Loss: (one close below) $3600.
SP:SPX
by dailytaguy
SPX Daily TA Cautiously BearishSPXUSD Daily guidance is cautiously bearish. Recommended ratio: 30% SPX, 70% Cash. *Equities, Futures, Cryptos, Metals, Energy, GBPUSD, and EURUSD are all down while DXY, US Treasuries and VIX are up once again. Fears of nuclear war being exacerbated by resolute threats from Putin and desperate social media pleas by people like Elon Musk are pushing investors toward DXY and US Treasury notes and bonds and away from Risk-On assets. The US Department of Health and Human Services (HHS) ordered $300m worth of Nplate (a radiation sickness drug) as part of an ongoing long term defense plan against the threat of nuclear warfare . It's hard not to think that the timing of acquiring this medication vs chemical, biological or infectious disease medication isn't coincidental; but the HHS said it was just a routine purchase as part of a longer term plan. In the short to medium term it's reasonable to expect more supply chain disruptions as a result of Russia's war with Ukraine worsening rather than improving. OPEC+ cutting oil production heading into the European winter is another factor that contributes to the seemingly inevitable decline into a global recession. Key Upcoming Dates: FOMC Minutes at 2pm EST 10/12; September US CPI at 830am EST 10/13; September US Retails Sales at 830am EST 10/14; 18th GDPNow US Q3 GDP Estimate 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15.* Price is currently trending down at ~$3615 and is still technically testing both $3658 minor support + the minor descending trendline from July 2021 at ~$3635 as support, if it breaks below then the next support (minor) is at $3617. Volume is currently Moderate (high) and on track to favor sellers for a third consecutive session if it can close today's session in the red. Parabolic SAR flips bullish at $3805, this margin is mildly bullish at the moment. RSI is currently trending down slightly at 36 and is still technically testing 38 support, if it loses this level then the next support is at the uptrend line from August 2015 at ~32. Stochastic is currently bearish for the second consecutive session and is trending down at 63 as it approaches 48 support. MACD remains bullish and is currently trending down at -85 after being rejected at the uptrend line from March 2020 as resistance at ~-83; if it breaks below -87 it would be a bearish crossover. ADX is currently trending up slightly at 28 as Price is falling, this is bearish at the moment. If Price is able to bounce here at the minor descending trendline from July 2021 (~$3635) then it will have to close above $3658 minor support if it's going to retest the lower trendline of the descending channel from August 2021 at ~$3800 as resistance . However, if Price continues to breakdown here, it will likely test $3517 minor support for the first time since November 2020. Mental Stop Loss: (two consecutive closes above) $3658.
SP:SPX
by dailytaguy
S&P 500 Analysis and Trade IdeaInternal is now bullish. A break of the swing low, then an iBOS toward the EQ, now a return to impulse.The strong internal low may hold, potentially sending price higher to premium prices to mitigate the supply zone. Look for bullish price action from the current levels, as price reacts to the daily and 4H demand zones. I am mindful of the strong bearish momentum. Price very well may continue lower, taking out the demand zones and the strong internal low. BOS = Break of structure EQ = Equilibrium, the middle of the leg of structure Premium prices = the upper half of the leg of structure Strong/Weak low/high = top or bottom of current trading range (leg of structure) Please support my work by clicking the LIKE button and leaving a comment. Thank you.
OANDA:SPX500USD
by RT_Money
US500: Intraweek Technical Analysisthe SP500 maintained its downside move triggered by the interest rate increase and inflation surge, the SP500 lost another 100 points this week with an intraweek low of 3586 and intraweek high of 3737. For intraweek the SP500 may have found a bottom from where it can pull back for a short interval of time. For coming week we will first look for a strong support below 3600 , as we don’t have any major support at this level. Once the support is confirmed we will take entry at first resistance targeting the support. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
PEPPERSTONE:US500Long
by JBShark
S&P500: S&P-inkS&P500 seems to be tickled pink – metaphorically as well as literally. The index has taken to our expectations and has a lot of pink to face. First, the index should fall below the support at 3639 points and into the pink zone between 3598 and 3508 points to finish wave III in pink. Then, it should return above this mark once more to complete wave IV in pink in the pink zone between 3712 and 3885 points. Afterwards, S&P500 should finally move downwards again, heading for the zone between 3362 and 3271 points in – guess what? – pink!
CME_MINI:ES1!
by MarketIntel
6
S&P500 Index Analyze!!!First, I have to say that if you want to know about the road map of the S&P500 Index, please look at my previous post about S&P500 Index (It ran as I expected✅).👇 S&P500 Index is near the trend line, and I expect that it goes down and making the Expanding Leading Diagonal. I showed you the end of wave 5 in my chart. Also, we can see the Hidden Divergence (HD-) between MACD Indicator and price.👇 ❗️Note❗️: If S&P500 Index breaks the trend line, my scenario will change. S&P500 Index Analyze Daily Timeframe(Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SP:SPXShort
by pejman_zwin
3
SP500- Doomed for a 500 points dropIn my yesterday analysis, I said that SP500 is facing a very strong sell zone above 4.1k and a drop is possible from now on. CPI data triggered this drop and the index fell hard putting in an immense bearish engulfing on our daily chart. I expect a resumption of the trend that started at the beginning of the year and is very possible for SP to visit the pre-pandemic high at 3.4k zone. At this moment the price is 3950, just above confluence support given by the horizontal trend line and the rising trend line started in June and a corrective rally can follow. This rally should be considered a good selling opportunity by traders and ONLY a break back above 4.2k would change this strongly bearish outlook Best of luck! Mihai Iacob
VANTAGE:SP500Short
by Mihai_Iacob
13
SPX Daily TA Cautiously BearishSPXUSD Daily cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. *August CPI surprised to the upside by increasing 0.1% to finish 8.3% higher than the year before compared to 8.1% consensus estimates, sending Equities, Cryptos, Commodities, Euro and Futures into the red. Today's winners are once again a combination of DXY, US Treasuries and VIX. Although it was minor, CPI going up rather than down is still a blow to the "inflation has peaked" crowd and is likely to inspire the Fed to go with a 75bps (or potentially higher) FFR hike on 09/21. Key Upcoming Dates: The Merge (Ethereum) at ~11pm EST 09/14 ; US August Retail Sales at 830am EST 09/15; 12th GDPNow US Q3 US GDP estimate 09/15; UofM Consumer Sentiment Index at 10am EST 09/16; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently trending down at ~$3960 as it breaks below the 50 MA at ~4k support and is on the verge of testing $3938 minor support. Volume remains Moderate (high) and is on track to break a four day streak of buyer dominance if it can close today's session in the red. Parabolic SAR flips bearish at $3911, this margin is bearish at the moment. RSI is currently trending down at 42 after being rejected by 53 resistance, the next support is the uptrend line from 01/27/22 at 38 support. Stochastic remains bullish but is currently trending down at 65 after forming a peak just below 76 resistance at 68, if it breaks below 60 it would be a bearish crossover; the next support is at 48. MACD remains bearish as it continues testing the uptrend line from March 2020 at ~-23 and is currently trending down at -26; if support from the uptrend line is lost, the next support is at -11.45. ADX is currently trending down slightly at 20 as Price is falling, this is neutral at the moment; if ADX can form a trough as Price continues to fall, this would be bearish. If Price is able to bounce off of $3938 minor support then it will likely retest the 50 MA at ~$4k psychological resistance . However, if Price breaks down below $3938 minor support , it will likely retest the lower trendline of the descending channel from August 2021 at ~$3860 as support . Mental Stop Loss: (two consecutive closes above) $4k.
SP:SPX
by dailytaguy
S&P 500 - Not Time to Get Bullish (yet)SP:SPX Hello traders. Let's take a look at the S&P500 to see if the chart matches the sentiment over the last few days. In my opinion SPX isn't quite ready on higher time frames for serious bullishness. Others may disagree but when an objective method of trend analysis is applied to the weekly chart it becomes difficult to make a bullish argument. When two methods of objective trend identification are used and they both suggest a down trend, it is nearly impossible to draw another conclusion. Now before anyone thinks that I'm bearish on the S&P500 let me put my personal stance in the spotlight. I'm actually trend neutral at this juncture due to the fact that higher time frames are ranging in a wide, slightly chaotic range. We'll objectively identify that as well, of course. In the first photo of the SPX weekly chart I have used a method of trend identification identifying key levels of support and resistance. For any one of these swing highs or lows to be identified it had to pass three tests: (1) Price action must have broken a key level of support or resistance (2) Price must have pulled back with two consecutive candles of the same color. (3) These candles must be red if price recently broke resistance or blue if price recently broke support Using these rules we see that the SPX was in an objectively defined uptrend from 23 March 2020 (Covid Low) to 03 January 2022 (all time high). During this timeframe the market was taking out objectively established swing high resistances and respecting them as a level of support. This led to higher highs and higher lows. Technical traders understand this as the definition of an uptrend. Once the all time high was reached, the market began shifting behaviors. It began taking out objectively defined support and respecting them as levels of resistance. This led to a series of lower highs and lower lows. Recently, SPX was able to peek above a critical resistance level but could not hold above it. This is a disruption to the down trend but does not rule out the possibility of downward continuation. There is no pattern of higher highs and lows established (yet) and there is only one higher high (yellow circles). Currently the higher high theory is subjectively defined according to our rules and has not been clearly respected as a level of support or resistance since. Additionally the move comes from a lower low in between our two circles which suggests disruption and weakness but not necessarily a reversal. Our second objective trend identification method will come from the anchored VWAP tools. We'll use the same two key reference points - Covid low and all time high. We see these with the blue AVWAP dynamic lines. Price action has validated both of these anchored vwaps in the past as both support and resistance. The read is pretty simple with them. Price is bracketed on both sides by support and resistance. It has not convincingly broke and held above or below either one, leaving price in a range. In my experience when price is ranging I do not break out my bear claws or my bull horns. I take a position of neutrality in the market and look at the extremes of the range. It is there that I find opportunity to fade the market back to the other extreme. There is great confluence between the anchored vwaps and simple line work to suggest that these zones of support and resistance are valid. If treated as such, then the appropriate time to get bullish (or bearish) would be when price breaks out of the range. Until then my game will be to fade the range and continue to be neutral. This is also a disciplined, measured, and objective approach to technical trading and doesn't involve the predictions that many will make.
SP:SPX
by TradingTacticsPro
4
MES (SP500 futures) trading planOn higher time frames it would appear that the SP500 futures are in a range. Due to that I'm looking at the extremes of the range as an overbought and oversold level and intend on fading the extremes if there is a trigger. Price could break out to the top or bottom side and it would be very interesting if that were to happen. I believe that to be unlikely given the tendency of the market to continue with it's current behavior but it is certainly not an impossibility. Check out the video for more info. Y'all take care!
CME_MINI:MES1!
by TradingTacticsPro
2
SP500 is drawing a very nasty pictureAs the title says, SP500 is drawing a very nasty bearish picture. We can see from the posted chart, that after the low from mid-June, the index started to reverse, and once it has broken above 4100 horizontal resistance I was inclined to think that the correction that started at the beginning of the year is over. However, after it reached 4.3k zone resistance given by the descending trend line, instead of a small correction and resumption to the up move, the index has broken back under, a break marked by an immense 200 points bearish engulfing (around 5%). This type of price action is a clear indication that bears are not done yet and more losses are around the corner. At the time of writing, SP500 is trading at 3900, exactly in the confluence support zone and, in my opinion, this level will fall soon. In an optimistic scenario, a rebound can follow now, but this should be used as an opportunity to sell in anticipation of a break. The target can be the 3600 low, for now though... SP500 is very probable to drop under. P.S: Only sustained buying power above 4100 would change my bearish outlook
OANDA:SPX500USDShort
by Mihai_Iacob
20
SP500- Rise from support?Since the bottom was found in mid-June, SP500 has started to rise and at the beginning of August managed to break above important 4000-4100 zone resistance. After making a high above 4300 the index started to correct lower and now is trading exactly above the mentioned resistance, now support. There is a high probability for up continuation from this point and a long trade targeting the previous high can have a 1:2 risk: reward ratio. Even more, if the correction started at the beginning of the year is over, swing traders can target 4.6k resistance with a 1:6 R:R.
OANDA:SPX500USDLong
by Mihai_Iacob
15
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)The overall evaluation on the SP500 index has been in a monthly bearish trend that has always confirmed itself via a monthly resistance trendline rejection ever since the apex turning point of this index from January 2022. Please be cautious on your risk management as always. The projected lines of direction (white) are not random skittles, but was produced by my experience of years of trading on how market moves work to build proper market structure. Yes, it is possible that we may even dump further than expected or pump tremendously due to some peculiar and consistent positive catalysts however this serves as a "guideline" on what to expect for the months to come. The SP500 is very similar to the NASDAQ structure and as well as in crypto. We may not see any potential major consolidation ranges until we hit the 2020 support lines. ------------------ You like the chart? Its free! Don't forget to like, share and comment! Bookmark it, save it so that you may add it as additional reference for your future trades. Thank you! (If you got any spam notifications by me reposting this a lot, its because the image view or zoom is not available in tradingview upon application. You shouldn't have to adjust it yourself, just read for your convenience!)
VANTAGE:SP500Short
by Wamses
1
S&P500: Rare, Medium or Done? 🥩That’s generally the question when preparing steaks. Additionally, we might also ask S&P500 whether it is already done – namely with wave V in pink and wave 3 in blue. We still give the index some time and room to finish them both, but afterwards, it should get started on a countermovement leading into the lower blue zone between 4144 and 3998 points. There, it should complete wave 4 in blue and subsequently take off again. There is also a 40% chance, though, that S&P500 could drop below the resistance at 3950 points, thus eliciting a detour below the next mark at 3639 points and into the turquoise zone between 3597 and 3353 points.
CME_MINI:ES1!
by MarketIntel
1