correction?It's is very possible to see SP going up in a few days and go higher than the last time. so stay tuned!
Sp500long
ES1! - S&P 500 Short Term PullbackOK, that was a nice drop, as mentioned in here:
Now it's time for a short term pullback.
Because centers of sine waves get broken, before price continues, I see that we have a nice CL and th 68.10% near. So it's absolutely possible that we hit both.
Price = stretched, at support
RSI = oversold and diverge on lower TF
#ESOvernightPullback
S&P 500: Buying A Pullback from Key Support |15-2-2022S&P 500: Buying A Pullback from Key Support
Price Action: Price formed a Bullish Tailed Bar Signal, overnight (We are not considering trading this signal as it didn’t form at any confluent level and we prefer to buy on a deeper pullback to the key support areas).
Price finally sold off from the prior Bearish Pin Bar Signal that had formed just under the 4581 – 4600 key resistance area, over a week ago.
The recent Bullish Tailed Bar + Multiple Inside Bar Pattern (Combo Setup), failed (We did not consider trading this signal and hopefully saved some members on this market).
Potential Trade Idea 1: We are now staying on the sidelines until further price action develops.
Potential Trade Idea 2: For more advanced traders there could be a buying opportunity at or just above the 4245 – 4270 key support area (Prior Event Area).
S&P500 - Long IdeaAs per the previous post (link below) , the SP500 regained the 200 day moving average and is now looking good for a continued surge up
- A break of the 50 day moving average and the swing high at 4591 will open up a decent leg up targeting 4695/4736 and 4823
- I will remain in the bullish camp now while we trade above 4450
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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 4 possible scenariosSP500 has shown some weakness in the beginning of 2022...
All of us know that one of the most important reason behind such a 12% drawdown is Fed hawkishness...
At the time of writing smart money traders are pricing at least 5 interest rate hikes by the end of 2022, which is obviously putting pressure on the US stock market.
''Money today worth more than money tomorrow''
In addition to that we'll have QT most probably from the second quarter of this year.
On the chart I am showing 4 possible scenarios (maybe someone will see even more) of price movement from technical POV.
Fundamentally speaking I think and believe that we are going to see ATH this year around 4950-5000 zone at least. Also it is quite possible that we will see another lower low this year.
This week we had great results from such tech giants as MSFT and AAPL, which in my opinion is and will remain one of the most important bullish supporter.
We can see a very weak momentum and RSI or MACD indicators in the oversold territory. Also, huge volumes entered the market on the ''panic'' last week.
I hope to see a strong rebound in the short-mid term.
All the best,
GIgor_021
#tothemoon
Look for Buy Setups SoonSPX reached yearly reversal area and is likely to reverse here. I would target R3 as next long term target.
For Educational Purposes Only.
S&P500: No Time to Relax 🥵S&P500 has lived through two exhausting weeks, exploring virtually every level of the blue area between 4698 and 4552 points, and lately going below it on its search for a new low. However, there is no time to relax now! We expect the index to finish wave in blue just below the blue area (and allow him a buffer zone only until 4492 points). Then, it should be full of go again. The following surge should slingshot the index up into the upper blue area between 4992 and 5099 points, where the destination of wave in blue should be located.
However, we have worked out an alternative that is not to be sneezed at! There is a 40% chance that the index could initially go further down if it lingers below the support at 4492 points. It shouldn’t fall below 4269 points though. The trend reversal should take place in the lower blue belt between 4399 and 4293 points and ensure a new rise.
All in all, S&P500 should be ready to go up again before touching the support at 4492 points. Still, with a probability of 40%, it could slide below this mark at first.
SP 500 : Trendline getting weaker...SP500 is testing the rising wedge support for the 3rd Time in the last 25 days. The Trendline looks weak and Breakdown may cause Weakness in the Traditional Markets.
SPX ready for the Santa Rally?The Santa Rally is set to start on Monday, Dec. 27.
This period gave positive return for the S&P 500 78.9% of the time.
Since 1950, the average return of the Santa rally was 1.33%.
The reasons could be optimism over the new year ahead or holiday spending.
What do you think about this theory?
sp500recent bounce seems too high vs the ATH for this move to be an ABC but it is still possible that ABC can happen, but after doing EW analysis on 4H I see a new pattern emerging and we can remain strong above the 1.618 fib extension then chances are 2.618% fib lvl will be tested for the final W5 larger HTF move 2.618 around 5,700
SP500- New ATH soon?Last week, SP500 found strong support in 4500 zone and reversed strongly and with a big impulse.
Now the index is in a small correction of this first impulse up and we can have a new leg up pretty soon.
4630-4650 zone is support at this moment and dips around here should be bought.
A drop under 4600 would negate this scenario and would put SP500 in no men's land
SP500: Top or Flop?After making significant gains, the S&P500 falls short of rising above the resistance line at 4711 points, which approves that this is an important mark. We expect the course to extend gains into the white area. However, an alternative drop ist possible, too. Here, the index would be in a bigger correction until the blue area is reached.
Exciting times!
s&P 500 to bottom at 4496 S&P is gonna bottom at 4496 then rebound and heading to new all time highs
SPX500 Long SetupS&P 500 Long Setup
🔵 Entry Level: $4485.5
🟢 Take Profit: $4598.5 (2.59R)
⛔ Stop Loss: $4441.8
Reasons:
- Expecting price to respect the lower trendline in the descending channel one more time before correcting to the upper one
- Entry level is also previous resistance level from August and September
S&P500: Final Steps!🎢🎢🎢The S&P500 has approached an area where we can slowly start to think about another corrective move by the index. Currently, there is still some room for the index to rise to areas around 4733 points. Then, it is time to cool-down a little bit. We expect the index to fall below 4584 points, before the bulls take over again.
Okaaaaay, let's go!
S&P500 very bullish developmentThe S&P 500 jumped back into it's longterm price channel, that is a very bullish development, and opens up the old buyzone.
Wait for a backtest of the channel as support, for a very decent Long entry.
Pricetarget could be the upper end of the channel, in the beginning of 2022 we would top out there at around 5.000 points.
S&P500 Long and Short SetupS&P 500 Weekly Plan
Long Setup:
🔵 Entry Level: $4598.0
🟢 Take Profit: $4645.3 (2.05 R)
⛔ Stop Loss: $4574.9
Short Setup:
🔵 Entry Level: $4651.8
🟢 Take Profit: $4599.4 (1.59 R)
⛔ Stop Loss: $4684.7
Reasons:
1) A clear setup would be opening a long position at what was recently resistance, as it is likely to be turned into support. However, this is too obvious of a setup and I believe a lot of traders will place buy orders there, so I believe there may be a fake-out. As such, I will be waiting for a retest of that level and if it holds, I will open a long order. I am mapping this level at the moment, so that I am prepared.
2) The short order is placed at the upper trend line of the ascending channel. It has already been respected 5 times, so I will keep opening short orders until it either fails (price goes through it) or we stop testing it. With that being said, the entry may move up depending on how the price reacts in the next couple of days
S&P 500 Outlook by EOY FY21' $SPX - S&P 500 Outlook by EOY 21'
52 Wk Range - $3,233.94 (Low) vs. $4,551.44 (High)
After 7th straight day of gains - due to better than-expected earnings announcements & a new ATH of $4,551.44 on 10/21/21 - I believe the S&P 500 has the potential to reach $5,000 or higher by Jan FY22'
S&P500 trading higher, traders shall stay cautious CME_MINI:ES1!
S&P500 futures have crossed upwards over 50 days Moving Average and the trend seems to be stronger than ever. Stimulus from FED and positive tones regarding stimulus from other major central banks fulfill the market with the bullish signal. However, traders must be careful as we are getting closer to All-Time High -levels once again. The market has a lot of positive tones but bears might surprise investors any time. It is challenging to guess when the market will turn down, if signals arise, traders must be willing to change perspective and potentially take short positions. Breaking All-Time High numbers will almost for sure trigger "take-win" transactions for some traders and increase downside risk. Right now, there are no indications, so holding long positions is the best bet in my opinion.
Disclaimer: NOT AN INVESTMENT ADVICE
S&P500: Rocket Science! 🚀🚀🚀It IS rocket science when we are analyzing the S&P500 and where it is about to go, because this thing is literally a rocket! We expect it to rise to areas above 4549 points. After a small correction, we expect it to extend new all-time highs above 4620 points.
Happy weekend!
US Equities Price Action 10/14/21US Equities Setup @ NY Session
Draw on Liquidity: Equal Highs
Setup: Bullish OTE
I selected the best and clearest setup between Dow, NQ and ES (SP500)
SP500 Dual Equality ObjectivesSP%00 now has dual confluence equality objectives sited at 4240/20 looking for bullish reversal patterns in this area to deploy long positions.
