⁉️ S&P 500 Weekly Analysis✅ Here I am looking for a long position if the price take out the liquidity below PWL (previous weekly low) and rejects from the daily bullish orderblock + institutional figure 4200, also the price has to fill huge imbalance left behind.
Sp500analysis
S&P500 turned bullish A good trader has to adopt for the change in trading environment.
the so long correction in s&p500 index is in a wedge shaped and now broke-out with 5 waves.
the 1st confirmation for bullishness (formation of wave''E'') is set as this BO (5waves)exceeded 62% of wave 'D'.
wait for 2nd confirmation ,a pullback up to 38% of new wave 'A '(4455)this week (FED int rate will be a surprise),buy above 4640 (3rd confirmation)
IF all set, the S&P500 rocket will climb to reach its targets (4930,5400)during this earning season
S&P500: AmbitiousS&P500 is quite ambitious these days and has made it not only into the middle white zone between 4458 and 4509 points but also into the blue zone between 4510 and 4550 points directly above it. As matters stand, there is a 38% chance that the index could rise above the resistance at 4585 from this position. However, we rather expect S&P500 to initiate a countermovement first, which should lead into the lower white zone between 4406 and 4297 points. From there, the ascent can start in earnest and should proceed above 4418.75 points, above 4585 points and into the upper white zone between 4592 and 4643 points.
We should not yet forget, though, the possibility that S&P500 could still fall below 4239 and even below 4101 points, which would result in a detour through the magenta zone between 4086 and 3980 points
S&P500 One more low very likelyBased on recent market movement we can see that the Yen is at an extreme area along side with the dollar missing another push higher we can speculate that possibly we will be risk off in the market for the next 4 to 6 weeks or so.
Based on the structure that the S&P has made it is very likely to see it dropping towards 4000 area.
This is only for educational purposes only.
SPX500 Weekly Game Plan $SPX500 Game Plan
As much as I hate opening a position against the trend, these are two levels that I will be observing. In an ideal scenario I want to open the short upon confirmation. What does this mean?
If price reaches one of the two levels - $4524 or $4586, I want a small retracement followed by a double top or lower low. I can then open a short position with a stop loss above the recent high.
For the first order that would be somewhere around $4547, and for the second order that would be around $4617.
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P.S. I've been inactive for the past month, so I do apologize to those following me. I am picking up the trades again and soon I will release my new core trading strategy, which relies on trend following and so far has been very promising on indices and commodities, which is what I mainly trade.
sp500The correction from ATH 4900 looks to be complete, the labeling as of today would be a double. Flat (3-3-5) Zig Zag (5-3-5) the Wave 1 (projected not confirmed) off the c wave low looks impulsive and also looks to have more running room. A break of the top TL on W3 would confirm my count.
sp500 looking for a path back to 4300Potential bounce from D leg, could carry over to a bigger bounce to the Bigger B leg at 4300. Sp500 will look to regain levels before Fridays sell off. I expect side way action and a slow and steady rise into Wed Meeting. Any rate hike less than .50 the market sells off to 3800 level. We also could get more bad news from the emerging markets in which im short. 4150 was my target for D leg and bounce.
(not trading or financial advice)
SP500The world’s most important stock market index, the S&P 500, closed Friday with its lowest weekly close since June 2021, and is very close to making the first “death cross” / “bear cross” (50 day moving average crosses below the 200-day moving average) seen since the coronavirus shock of March 2020. This is typically a bearish sign and indicates lower prices are somewhat likely to follow, which is of course supported by the risk-off sentiment caused by the Ukraine crisis. It is probably not a good time to be buying stocks or trading this stock index long, and we can expect this moving average cross to happen very soon.
SP500 Bearish on Monthly chartVolumen increased 100% in the las 2 years due to money printing for social aid (Pandemia), RSI Oversold... Bearish in the following 12 months
Not financial Advise
Monthly Chart
S&P500: Check Your Air SupplyS&P500 has to check its air supply because it must decide whether it should dive until the bottom of the turquoise zone between 4251 and 4135 points immediately or rather return to 4275 points first for some fresh air. Whatever its decision will be, we expect the index to start into a new upwards movement after finishing wave ii in turquoise at the bottom of the turquoise zone or just below it at the latest. To accomplish this upwards movement directly, though, S&P500 must not slip below 4101 points. Otherwise, it would have to swim through the magenta zone between 4086 and 3980 points before rising up again. Still, there is a 40% chance that this could happen.
Is SP500 resuming its up trend?Since the beginning of the year, SP500 lost almost 20% of its value from top to bottom (close to entering bear market territory)
However, the drop from the top looks corrective and 4100 can very well be the end of this correction.
Technically, the drop under 4250-4270 support was quickly reversed and is a false break and, if SP500 manages to break back above 4400, we can have continuation to the upside.
For this bullish scenario to be valid, 4250 must hold
S&P 500 ANALYSISHELLOOOOO PIPPIN PEEPS!!! HOPE YOU'RE WELL. This week is the indices week. (UNLESS THE SITUATION WITH UKRAINE AND RUSSIA SAYS OTHERWISE). Trade with care....HAPPY PIPPIN.
SP500 WeeklyLooking at the SP500 Weekly chart, we have so far retraced about 11% from the top, and it doesn't seem to be the bottom. The market appears to be going for another test of the 4200-4250 area. If the support breaks, we could reach the 4000-3900 zone.
If we try to simulate Covid not happening, consider that the market has seen a higher growth before Covid, take into account all other factors (FED, inflation, current tensions) and try to simulate longer-term behavior, it also brings us towards the 3900-4000 area.
The area of 3900-4000 seems to be where Weekly EMA200 would be touched, which SP500 likes to test. On top of that, the correction of SP500 would be close to 20%, which doesn't sound unreasonable.
If SP500 weekly support at 4200-4250 breaks, it could take up until late May for the market to find the bottom and reverse the trend.
Better safe than sorry.
S&P500: Grasshopper 🦗 No, we are not talking about the cocktail!
S&P500 has been hopping up and down within the green zone between 4354 and 4253 points like a grasshopper in its grassy territory. At the moment, it is heading for the support line at 4354 points and could very well jump above it already. It could also stay in the patch of grass a little bit longer, though, and warm up its strong hind legs. For as soon as S&P500 has climbed above the support at 4354 points, we expect it to leap the resistance at 4585 from there.
However, there is a 45% chance that S&P500 could crawl below the grassy zone and even below the support at 4212 points. In this case, it should make a detour through the magenta zone between 4126 and 4035 points first before skipping back up, initially above 4212 points, then above 4354 points and from there further upwards.
SPY troubleHello Guys, this is a quick update on SP500. Last time I left you calling the double top and evening star pattern while many were expecting higher prices and possibly new highs. As you can see the double top has worked perfectly passing its target of 430. What can we see now? SPY has formed a perfect Head n Shoulder top. This is extremely bearish...if validated. As you can see many properties of this HnS are textbook (50 MA supporting the move, LH, LL). However, the volume is a bit atypical. We can see the volume has increased considerably at the beginning of the RS in an attempt by bulls to hold SPY on support. nevertheless, the rally was short-lived with volume decreasing and increasing on sell-off. I expect now a small bounce from here retesting the diagonal resistance (Head to Rshoulder) and a possible retest f the 50MA. If this attempt fails to break the resistance then I'll be expecting the HnS to workout perfectly.
The target would be 377 ish, or 3770 if you are tracking the SPX.
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S&P 500 short possibilityFutures pre-market analysis not look great for AMEX:SPY in my eyes. Big rejection when trying turn to green bar on today (1,60% wick).
S&P 500 Index SPX Gann Box 36S&P 500 Index SPX Gann Box 36. The content of this chart should not to be constituted as Financial Advice. Trades I publish are Trades I execute myself.
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SPX Zig Zag ABC for Cycle Wave 4Hi everyone, SPX is currently playing Impulse Intermediate wave 5 of a Main A Wave. Most probable targets for this Wave 5 are 4212 and 3976. Because last Wave 2 (in blue) was very strong, im expected at least a troncated wave 5 at 4212. 4358 (100% of fobonnacci) is the 1st possible Wave 5 target but i would be very surprised if the market makers are not bringing the market down to 4212 because a double bottom would provide us a better bounce back for the next B wave and can at the same time create a bullish divergence on lower timeframes like the 4 hours or 1 day chart. We should not forget that the last january 04rt SPX began a Cycle wave 4 retracement. Here are the most probable targets for this full Cycle Wave 4 Retracement :
0.24% = 3878.24
0.30% = 3643.26
0.382% = 3322.12
0.50% = 2860
0.618% = Golden fib at 2398
We must keep in mind Cycle Wave 2 of SPX was pretty strong in March 200, which make this Cycle Wave 4 more chance to be light. Usually most probable target for a W4 is in between 0.3% and 0.5%. With inflation currently slowly stablizing a little , 3643.26 or even 3878.24 are on the table and pretty realistic.
For now im projecting the next B Wave in between 4443.89 and 4729.88.
SPX500 after a retrace a new upmoveSPX500 after a retrace i expect a new upmove
Targets on Chart
Be carefull, patient and discipline.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Good trades to All.
SP500- Bulls need 4400 intactAfter dropping to 4250 in January, SP500 has started to recover and has risen to 4600 confluence resistance given by a falling trend line and a horizontal level.
A correction followed this move and, again, SP has stopped its descent in 4450 newly formed support.
If the 15% drop from the beginning of the year was just a correction or the beginning of a medium-term downtrend remains to be seen.
What is pretty clear at this point is that as long as the price stays above 4400 we can expect a new leg up and a daily close under this figure would expose the recent low, but more importantly would confirm a lower high at 4600, which is very bearish for the stock market.
P.S: Charts are similar for Dow30 and Nas100
S&P500: “Excellent…”“Excellent…”, we mutter slowly, steepling our fingertips while watching S&P500 move. In an exemplary manner, the index has finalized wave in turquoise in our turquoise target zone and is now in the middle of the countermovement we predicted. However, other than Mr. Burns from “The Simpsons”, whose trademark expression we borrow here, our next plan for the index is not evil. After it has completed the current countermovement with wave in turquoise within the lower turquoise strip between 4463 and 4426 points, we expect S&P500 to rise until the upper edge of the green zone between 4599 and 4675 points or even higher until the upper turquoise strip between 4683 and 4710 points above to finish wave in turquoise as well as wave 3 in green.
Still, there is a 30% chance that S&P500 does not abide by our primary plan and makes a detour below 4230 points instead. In that case, the index should fall into the magenta zone between 4126 and 4035 points before rising up again. If it manages to get back above 4230 points, a long-term rise is imminent.
SP500- We can have a bounce, but the outlook is bearishIn my previous SP500 analysis I said that I expect a break under the channel's support and that my target is the 4250 zone.
At this moment we have this break and we are halfway to my target. A bounce now is not out of the question, but this (in my opinion) doesn't represent the resumption of the uptrend, but just a corrective rally.
Bears can look to sell rallies around 4500 and slightly above and only SP500 back above 4700 would put a pause in this bearish scenario.
Things are looking even worst on the weekly chart:
SP500 has started the year with a strong bearish engulfing and all 3 weekly candles this year are read, with a very strong one last week
I would be surprised at all to see SP500 trading under 4k in the half part of the year
Good luck trading SP500!
Mihai Iacob
SPX's William % & Stoch weekly conflicting results !!!I could not find a set-up for both indicators ? for tops they both can stay up their hitting the Roof for months !!! .
it is like a dog chasing his tail !!! literally . For bottoms William is much better in searching for one. but, as usual
it gives quite early signal !!! which make it risky if used alone and quite frankly you could get caught in the middle or miss !!!
wish u all the best.
