SP500 Going UpWhen I said it would go down in DEC19 I had to be confident to stand on my analysis, and it played out.
Here I support why its going back up, you've gotta draw the line somewhere, if its as the media portrays the world would have ended 10 times over already!
TRUTH is concerning as this outbreak is, compared to our massive world population of 7.8 Billion (MAR20) the numbers of this virus outbreak are minuscule.
They've been selling fear and the masses have been buying, business as usual, before this they were fear mongering about something, after this they'll find another issue to cry about. If you ask me this may have very well been a snowball of media fear mongering compiled with the sensitivities of feeble minds.
Being a medical matter, most of us and politicians are not educated on the subject matter, so it becomes important to follow the leader, because nobody wants to be taking the blame for mishappenings.
Here I believe the uptrend has started, and slowly but surely will return to sync with the pre corona trend.
Here on the M chart I believe it can close above 2500, or at 2500 by month end in 2 days, meaning APR the uptrend to become evident.
Just my take, do your own due diligence.
Sp500analysis
SPX, SP500 / USD — Stocks on Danger?!Hello!
Trying to update on important moves here for SPX and SP500.
US stocks can have bad times if we going to settle below EMA21.
On top we have Big resistance on the 3000.
This is main target fore the market.
3000 is long-term resistance. It's hard to break.
Monday opening will be very important for next global move.
If price open near 3000 we can expect further bull move.
If price will open below dynamic resistance,
we will have chance for longer depression around stocks.
Bearish overtake will confirm longer bear market consider below 2300 gap.
Stay profitable
BR Artem Crypto
Will S&P500 avoid a selling panic amid coming Q1 reports? HELPThe S&P500 is enduring tense economic times with high money injection.
If next week S&P500 crosses 2690 a critical support level with high volume ==> It will be bad that may trigger a market selling panic with volume stop losses executed downward.
However, if the S&P500 continues its uptrend movement and crosses 2872 with strong volume, the next resistance and TP is at 2977.68 and TP2 at 3200.
Happy trading and stick with smart money attitude
SP500- Time to sell?Yesterday SP500 dropped from the strong resistance/sell zone.
I believe the downtrend will resume and the index is preparing for another drop.
I bearish as long as the price is under 2900 and only a close above would give me a reason to reconsider.
Sell rallies can be a good strategy
#SP500,The declines to where?The SP500 dropped last week and stopped just above the average moving line 100 on the weekly graph, if we look at history in the last two serious price correction, The SP500 fell and did not stop at the 100 moving average line, but continued to the 200 moving average line
According to Stochastic and RSI, the declines have not yet come to an end.
Right now the SP500 is still very technically bullish
Our target will be above the 200 moving average line: $ 2686
S&P 500 Stock Market Crashed Below 3000.00| 28th February 2020The S&P 500 has being in a bad selling. From starting Monday 24th February 2020 - Friday 28th February 2020. The stock has been free fall.
Stock investor in a fear. Panic. They was selling the stock and the sell out has been in significant by Thursday 27th February 2020.
No buyer in the market this week. Sharp fall down price from S&P to the wall street indices. While the coronavirus reported to be in the climax state of pandemic.
China not buying anything from oil to sugar to wheat. While demand is increasing on the Soy Bean from around the world thus the price of Soy Bean increasing. Soy Bean is among top 5 export item from China. Exporter not export Soy Bean thus making the price in demand. Copper price also did a significant drop since no buyer towards the items.
Thus the exchange money to Dollar has significantly drop. While many other companies in top 500 listed fortune has suffered the major impact in this beginning pace towards the coronavirus due to the exchange trade of China. Many companies was heavily rely towards China in manufacturing mostly in electronic part and spare part.
Referring to the OEC, China import oil almost 9.4% which is the biggest buyer in the world to sustain their 1.1 billion citizen. In the other hand, oil price will keep on dropping since there are big supply on the market which to balance the buying trade in the industry while the oil was producing in the same quantity.
Thus, stock S&P 500 will witness the biggest drop in history.
To be continue..
By Zezu Zaza
#S&P500, Time to sell?The S & P500 is on the rise.
At the moment our sell signal is about the price correction and not about a new trend.
The Stochastic Daily Graph is located in the top third which is a great area to sell.
The RSI is in the 70 area which is Overbought and it is a good time to sell.
Target: $ 3260
S&P 500 RecoverWall Street reversed its three-day sell-off overnight on renewed US-China trade hopes as investors piled back into the global recovery trade.
We think that the market probably goes higher, reaching towards the $ 3,200 level based upon the bullish triangle on the daily chart. Overall, this is a time year the typically works out well for stock markets anyway, as the money managers out there look to pad results for clients.
We're in buying position with the nearest Take Profit at 3,137, followed by 3,200. We putted our Stop Loss bellow 3,030. The price right now is trading above 50-day and 100-day SMAs and RSI indicator pointing higher above its 50 level, which mean that the bullish momentum should continue.
We believe that the 3,030 level underneath continues to be a hard “floor” in the market extending down to the 3000 level.
Remember, that at the end of the day it’s the Fed that supports the market, not the US/China trade situation. As long as the Federal Reserve is willing to step in and help the market along, it will continue to do what is done over the last 10 years - rally.
S&P - New York Session Outlook 02.12.2019 | Support & ResistanceHere the levels to watch Intraday for Support and Resistance. Analysis is unchanged compared to last week. We don't predict the high of the year, but I wouldn't be surprised when we have seen it with 3157. Be humble with Objectives when opening a Long position. In case you want to Short, look for opportunities when we trade below 3130. If we trade above this level I'm still Bullish
ES - New York Session Outlook 27.11.2019 | Support & ResistanceLevels to watch Today for the New York Session.
See related idea for Yesterday's levels and how they where sensitive during the Day. Although I expected a deeper Retracement, the Resistance Levels noted where good for the New York Session High and Today's London Open High also bounced from a noted Resistance Level.
Not a good idea to pick the High. We are close to Thanksgiving and normally the Markets become more quiet. My Bias is Bullish and only when we will have a deep Retracement and or 1/2 Down Days a Bearish stance is considered. I would look for 'Resistance turns into Support' ideas for Longs and only would consider Shorts below 3130
Still Caution, Even as Market Has Rallied - S&P 500 analysisAfter U.S. President Donald Trump renewed his tariff threat against China, U.S. futures contracts — including for the NASDAQ, Dow and S&P 500 — retreated from their all-time highs. As well, this morning, exacerbated by the roiling unrest in Hong Kong, global shares are a sea of red. Sentiment itself is fragile and will likely follow prices.
The S&P 500 has initially pulled back during trading on Tuesday but then shot higher to show signs of strength again. By doing so, the market looks likely to try to break out of he current bullish channel that it’s been it for some time, and as a result we could get an explosive move. That being said, there is a certain amount of overextension to what we are doing right now, so don’t be surprised at all to see a pullback in the meantime.
The market could find quite a bit of support near the $3050 level on a significant pullback and will almost certainly find plenty of support at the 3030 and then the 3000 levels.
Looking at this chart, there is an undeniable uptrend going on, so obviously there will be a lot of value hunters underneath to try to take advantage of cheaper pricing. On the upside, the 3100 level decisively is the next resistance (upper line of the channel is around $3137). If we see a clear break there, then the market will make its move towards the targeted $3200 level above, based upon the ascending triangle that we had broken out of at the $3030 level.
Wall Street's main indexes have set new highs this month on the back of a strong corporate earnings season and hopes of a trade deal with Beijing to end the damaging 16-month tariff war. But the main question now is will rally be able to continue without earnings support? What do you think?
#SP500, Great movement on the way? Serious resistance at $ 3030 that succeeded in 3 attempts.
At the moment in H4, a double top template was created
Stochastic at maximum level with the intersection of lines.
For all of the above reasons, we recommend a sell trade with a target of 2940 and a target can grow as the SP progress.