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S&P 500 Daily Chart Analysis For Week of January 13, 2023Technical Analysis and Outlook The completion of Inner Index Dip 3785 was a significant upsurge platform. The upside target to the Mean Res 4820 is in the process of being finalized, and the index continuously displays a bullish influence on the current market sentiment. The additional upside moves to Mean Res 4085, with Outer Index Rally 4140 currently being at the crosshair. The sudden pullback from hitting the Mean Res 4020 is expected to Men Sup 3950.
SP:SPX
by TradeSelecter
DOW DOWN NOW ? 26K before 2024? Good Day to the warriors of WALL ST, I believe the bottom of CURRENCYCOM:US30 is not in yet. However, I believe we are possibly nearing the top of 2023. Below I will explain the reasoning behind my analysis. 1. JAN 6, 2022 - Feb 24, 2022 As we began the year of 2022 we started to see the massive post covid bull rally & injected liquidity come to an end as the FEDS printer stopped working. This resulted in a 12.5% decline from record highs just shy of 37K while Americans believed inflation was transitory. From FEB 24th lows we rallied for 10% and of course price went just above the yellow trendline right before the other massive drop. 2. APR 21, 2022 - JUN 17, 2022 Inflation clearly was not transitory. Which led the FED to begin using its "tools" increasing interest rates. Inflation is clearly an issue now besides all other global economic tensions which leads to more downside, for a 16.5% drop. From JUN 17th lows we rallied for 15.5% {+5.5% of our previous 10% rally} once again just above the purple trendline now and then boom another drop. 3. AUG 16, 2022 - OCT 3, 2022 Hopes for a slowdown on rate hike begins to fade and WALL ST. panics which gave us a new low for 2022 below 29K. The amount of short volume was insane during this time which is why I believe we saw a big rally for the last quarter of 2022. From OCT 3rd lows we rallied 22% {+6.5% of our previous 15.5% rally} . NOW, all of this brings us to the present which may not be a gift to all. The blue trendline has been taken out just like our previous yellow & purple trendlines before a decline. CPI report gave us this rally along with hopes of 25bps increase instead of 50bps. I feel like the CURRENCYCOM:US30 is on a tightrope at the moment with more downside to come. We shall see, GOD BLESS AMERICA BABY !
EIGHTCAP:US30Short
by UnknownUnicorn12403322
3
S&P 500 Daily Chart Analysis For Week of January 6, 2023Technical Analysis and Outlook The downtrend to Inner Index Dip 3785 was completed two weeks ago and retested. The upside target to the Mean Res 3880 has been finalized, and the index continuously displays a bullish influence with the current market sentiment. The additional upside moves to Mean Res 4020, 4085, with Outer Index Rally 4140 currently being at the crosshair. The pullbacks with this upcoming major rally are to be expected.
SP:SPX
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of December 23, 2022Technical Analysis and Outlook The downtrend sentiment to Inner Index Dip 3785 has been completed as specified in the S&P 500 Daily Chart Analysis For the Week of December 16 . The upside target to the newly created Mean Res 3880 is in play, with the additional upside moving to Mean Res 4020, 4085 with Outer Index Rally 4140 currently being revived per the current market sentiment. The pullbacks with this upcoming major rally are to be expected.
SP:SPX
by TradeSelecter
Buying DOW at 4H candle closes.DOW30 - Intraday - We look to Buy at 32811 (stop at 32561) The medium term bias remains bearish. The 261.8% Fibonacci extension is located at 28943 from 34939 to 32649. Bespoke support is located at 28933. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 33558 and 34093 Resistance: 33558 / 34093 / 35000 Support: 32810 / 32709 / 28943 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
CITYINDEX:WALLSTREETCFDLong
by Saxo
S&P 500 Daily Chart Analysis For Week of December 16, 2022Outer Index Rally 4140 is currently being shelved. The downtrend sentiment points to a newly created Inner Index Dip 3785, with the possibility of extension to Mean Sup 3720. The Mean Sup 3860 is a stronghold for the time being, as specified in the S&P 500 Daily Chart Analysis For the Week of December 9. The upside target to the Mean Res 3912 is likely from the current position or once the dip is completed. Of course, the question is, “From which support/outcome level will this puppy break enacting finalization of the down movement?
SP:SPX
by TradeSelecter
No secret‼️👀😉🔴inflation🔵rate⚫️marketsNo secret‼️👀😉 🔴inflation up⬆️ 🔵rate hikes⬆️ ⚫️markets down⬇️ 🔴inflation down⬇️ 🔵rate cuts⬇️ ⚫️markets up⬆️ Bitcoin and Crypto equal markets like DowJones NASDAQ and Co Chart 1 1972 - 1986 Chart 2 current situation - see update What do YOU expect in points of inflation? Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
TVC:DJI
by Crypto4Everybody
1
The S&P500 rally stalled at a key resistance clusterThe jury is out over whether a bear-market rally has topped, or last week’s decline is simply a pullback ahead of its next break higher. Yet the turn of momentum at a key resistance cluster suggests bears are regaining control. The S&P 500 had its most bearish week in 5 as its rally stalled at the 50-week MEA, trend resistance, a 161.8% Fibonacci ratio and the September high. The daily chart shows prices closed below trend resistance, and the market has since failed to move back up to 4,000. A bearish outside day formed on Friday to who momentum is trying to turn lower. A break below 3915 assumes bearish continuation, with 3818.2 an initial target, and a break below 3800 brings 3700 into focus.
SP:SPXShort
by CityIndex
S&P 500 Daily Chart Analysis For Week of December 9, 2022Technical Analysis and Outlook Outer Index Rally 4140 is currently postponed. The downtrend sentiment points to a newly created Mean Res $3965, with the possibility of a support level of the Mean Sup 3860 emerging first as the primary target destination. The upside target to the Mean Sup 3965 is probable once the dip to the Mean Sup 3860 is completed. Of course, the question is always “Which way will this puppy break from the current position?”
SP:SPX
by TradeSelecter
1
S&P 500 Daily Chart Analysis For Week of November 25, 2022Technical Analysis and Outlook Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 18) with the additional target is potential #2 Outer Index Rally 4140. The current sentiment is confirmed by the obsoletion of the Mean Res 3995; The downside target to the newly created Mean Sup 3948 is very probable before a major rally to the above outcome. The possibility of extension to Mean Sup 3745 and beyond is delayed in the foreseeable future.
SP:SPX
by TradeSelecter
2