How I Identify Key Levels?(daily,weekly,intraday)How I Spot strong Support and Resistance zones on difference timeframe?(daily,weekly,intraday) Larger Timeframe for SIGNAL , Smaller Timeframe for ENTRY Example I used in video are : 1min vs 5min 3min vs 15min 5min vs 15min Daily vs WeekEducation15:48by FIBivanSPY1
MY SPX500USD LONG IDEA 04/11/2024Direction: Long SL: 5,619.1 Checklist: - MA 20 going Upward - Break of Trendline - Fib level - Bounce from a Support/Resistance - Penetrate a Support/Resistance - Edgefinder Score - Correlation Confluence - Trading Central Preference Technical: 1. MA 20 Yellow is above MA 100 and 200 (Purple and Red). 2. No strong trendline reading but if it breaks my bullish purple line then price will go up. 3. Price bounced off from a Resistance zone. 4. FIB level 0.38 @ 5701.3 . 5. Tradingcentral tool signaling Rise on Time frames 15m,1h,4h and daily at the moment. 6. Q4 seasonality is bullish. Fundamental and economic: 1. I use Edgefinder tool which shows me a score of 2 "Neutral Bullish". 2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD and stocks. 3. US NFP came out horrible 12k but market wants a revision and is in a speculative state. 5. USD is on the rise after a recovery. 6. VIX spiked a little and is calming down.Longby stingothoUpdated 0
S&P approaching dangerous territory againThe past few cycles S&P has peaked upon going ~35% above the previous high. Currently we are at 25%. There is potential for a bit more upside but stay alert investors. Could refer to my previous post from 3 years ago. Good luck.Shortby datalust_xyz4
SPX500 Reaching Dangerous LevelsPrevious S&P 500 bull runs have stopped after going 35% above its previous high besides the one in 2020 which involved the pandemic. The SPX500 is at around 34% above its previous high which signals a high chance for a drop in the near future.Shortby datalust_xyzUpdated 3314
SPX in daily chart Hello I confess that SPX is making me a little confused and it is normal when these charts (Indexes) wants to make investors, analysts and insiders surprised. In sharp contrast to many arguments, this chart is hitting new highs day by day but I guess it is a good time to rest for a while and make wave IV correction. I do not know if this happens or not but I do not trade as long as it doesn't make this correction. ThanksShortby AMA_FXUpdated 7
SPX parallel channelParallel channel for SPX for 6 month period. SPX touches upper trendline, this means it could go down, how much is a 1 million dollar question . Is this enough long description?Shortby drazen440
S&P 500 Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook: During the current trading session, the S&P 500 index has demonstrated considerable weakness by reaching the significant Outer Index Rally target 6000, as indicated in the S&P 500 Daily Chart Analysis dated November 8. This decline has initiated a substantial pullback, as the index has fulfilled a key target of 6000. As a result, it has significantly decreased to the newly established Mean Support level of 5856, which suggests a potential continuation of the pullback toward the Mean Support levels of 5765 and 5700. However, it is essential to acknowledge that attaining these Mean Support levels may create the conditions for an upward price rebound before entering the subsequent phase of the bullish trend.by TradeSelecter4
S&P biblical top? island top - falls back to 200 EMA weekly 22%S&P has made an island reversal It will at some point fall back to the 200 EMA on the daily or weekly 22% Bearish opportunity I think that a multi year top is now in place for this index, this first 22% down may trigger the topping process for this index as sentiment indicators are at record levels and retail participation is at an all time high. Plus money mngt firms are fully long with next to no spare money to invest in a dip. So like in the 1929 who is left to buy ? As per Jesse Livermore book 'Even the shoe shine lad said to the banker that he had bought stocks' and the banker went and sold out his entire holding and made himself rich as he realised there were no new buyers left everyone was all in just like now! May be Trump stops the Fed continually printing debt to use it to buy up the market? If debt is issued maybe they use it to buy stable coins now not the traditional markets which would lead to a huge multi year bear market for equities Good luck to all and stay safe! Luck is when opportunity meets a prepared mind! Shortby William_Playfair3
SPX S&P 500 index. 24hr potterbox and channel.SPX S&P 500 index. 24hr potterbox and channel. we are still moving up making higher highs and higher lows. I like the longer time frames. 24 hour and longer. it gives me a better feel for the stock or market. it looks like this little dip just might be a buying opportunity. we shall see. Longby potrod3
SPX500The SPX500 is a popular symbol used to represent the S&P 500 Index, which is a benchmark of the 500 largest publicly traded companies in the United States, selected for their market capitalization, liquidity, and sector representation. Key Points About SPX500: • Market Coverage: It covers industries like technology, healthcare, finance, and consumer goods, providing a broad snapshot of the U.S. economy. • Importance: It’s one of the most followed indices globally, often used to gauge the performance of the U.S. stock market. • Trading: You can trade SPX500 via derivatives like futures, options, or CFDs, but not the index itself. Alternatively, you can invest in ETFs that track its performance, such as the SPDR S&P 500 ETF Trust (SPY). Longby HavalMamar1
S&P500 - Long from trendline !!Hello traders! ‼️ This is my perspective on S&P500. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is imbalance filled + rejection from trendline. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD15
What are your thoughts on what's to come for SPX500?I think we're in for a sell to the previous structure high. Obviously a "Counter trend entry" to ride until we return bullish. Just my Thoughts.....What's your opinion? Thesis: Bearish Bias break and retest (however either play is at hand). Wait for a break and retest Notes: Every Bull run has had a correction to the previous structure high. Following that trend. A Retest would be a 50% prz. for the recent move and right around 23.6% prz for the entire move. Daily: Bullish, Trading in a minor consolidation for the past few days. -Reversal pattern with Doji (Loss of momentum) & Bearish Hammer. -Con: Seller Exhaustion wicks under support H4: Bullish ( **Hidden Bearish Divergence @ Minor resistance lvl) look for possible sell off H1: Bullish Shortby brianfjUpdated 7712
$SPX Analysis, Key Levels & Targets - I took 5890/5880 bull putsOK, so we opened right at the bottom of the implied move here 5910. I did just sell 5890/5880 bull put spreads on the day. That gives us a little bit more room if we do fall and then we have that 30 minute two removing average momentum underneath us which I think will give us the pushback up to close above 5890. by SPYder_QQQueen_Trading1
SP500 - More Downside Expected For those of you who get a kick out of cool chart patterns, check out this Wolfe Wave on the SP500. I expect price to break this pattern to the downside and hunt the Fib .382 Shortby mammoth114
Bulls and Bears zone for 11-15-2024S&P 500 has been negative for last four sessions. Could we see a potential gap fill trade in near future. Level to watch: 5946 --- 5944 Report to watch: U S Business Inventories 10:00 AM ETby traderdan590
Is the pull-back another buying opportunity?US stock index futures were all on the back foot this morning, continuing to sell off after yesterday’s losses. The domestically-focused, mid-cap Russell led Thursday’s decline, dropping 1.4% during the session. But it is the tech sector which is leading this morning’s move lower, with fairly uniform declines for the ‘Magnificent Seven’ constituents. Federal Reserve Chair Jerome Powell managed to spook markets during a speech and Q&A session last night. He said that the economy was not giving out signals to suggest that the US central bank should be in a hurry to lower rates. His comment led to a pullback in equities and a rally in bond yields. There was also a sharp reversal in rate cut expectations as measured by the CME’s FedWatch Tool. Yesterday morning, the probability of a 25 basis point rate cut at the Fed’s FOMC meeting next month stood at 82%. This dropped to 62% in the aftermath of Powell’s comments. So, once again, there’s plenty of uncertainty building ahead of the December meeting. The Fed can blame this on recent data, particularly this week’s CPI and PPI releases, but also on what a Trump administration may mean for the US economy. Even though it appeared that both Trump and Powell were in favour of lower rates – the former to goose the economy, the latter to ease the pain of the $1.5 trillion of real estate loans which reset next year – it’s possible that Powell’s hawkish tilt will put the pair back on a collision course, reminiscent of their clash during Trump’s first term. Retail Sales are out later today, and Alibaba is the big earnings release. The question is whether this week’s pullback proves sufficient for investors looking for better long side entry points, or is there more downside from here? If US stock indices can find support around current levels, say 5,900 on the S&P, and rally into the weekend, then this could set the stage for more upside. But if the selling accelerates into today’s close, then investors will have more reason to cut their exposure as we head towards the year-end. by TradeNation5
S&P 500: Bearish Momentum Below 5927 S&P 500 Technical Analysis The price dropped perfectly as we mentioned in the previous idea so now still has a bearish volume to get 5891 and 5863 as long as it trades below 5927 otherwise, it should close 4h candle above 5928 to be bullish till 5952 and 5972 Key Levels: Pivot Point: 5927 Resistance Levels: 5952, 5972, 5989 Support Levels: 5891, 5863, 5833 Trend Outlook: - Bearish Trend while below 5927 - Bullish trend if break 5939 previous idea Shortby SroshMayi10
Bullish bounce off pullback support?US500 is falling towards the pivot and could bounce to the 1st resistance. Pivot: 5,883.74 1st Support: 5,817.25 1st Resistance: 5,963.68 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets5
maybe Maybe the price will be checked 5700. If the graph gets double top then price will be break the neckline. It will be checked more under 570000:09by Bill88NN0
US500, bearish analysisBearish count for US500. Based on the premise that failure to tag the median (red) line means return of price to October 2022 low. Key support is 5696.3 and below that 5088.9. Break of 5 August 2024 low on impulsive price action would likely validate this count and eventual bottom 2765.6-3490.2.by discobiscuit0
SP500USD ,,, Pullback Uptrend In my view the market is still inside an uptrend and this correction could be a small one and probably a pullback to a broken level. Although I engaged about 25 percent of my asset but I'm waiting for a good sign above the last top or on the green area to buy more. Longby pardis1
Nightly $SPX / $SPY Predictions for 11.15.2024🔮 ⏰8:30am Core Retail Sales m/m Retail Sales m/m Empire State Manufacturing Index Shortby PogChan1
SPX500the Standard & Poor's 500 The SPX 500, also known as the Standard & Poor's 500, is a stock market index that was created to serve as a key indicator of the performance of the U.S. equity marketLongby HavalMamar0