The 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...
Studying the SP&500, one of the main indexes of the United States, we can see that after the fall of the markets registered approximately a month ago, this economic index reached the extremes of 2016. It is now above 50% of the Fibonacci retraction line, with a recovery of more or less 28%, with a main support at 2643 due to the interception point between the EMAs...
~3000 is great short term sell opportunity
Be careful bearish bias. This is just my thought about wild market movements. Price can never be predictable.
The S&P 500 (SPX) is now starting to bounce.
The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today.
We have more details on the chart above.
We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all...
General global tension along with a slowdown will most likely cause equities to correct much further down... not expecting a recession anytime soon but surely a large correction is needed given the current global climate... Technicals are also lining up as a possible head and shoulders is beginning to form... The most recent move down could also be considered an...
The S&P 500 index has hit a lot of buy stops propelling it higher in recent days. However, is it just forming a head and shoulders pattern on the right shoulder? If you believe this market is overbought (refer stochastic) and overvalued (high PE), then, could a head and shoulders pattern present an ideal short position? You could sell now at the top of the...
Yesterday the S&P 500 Index (SPX) dropped and closed below EMA10 which is an indicator that marks strong support for this index. Trading below it gives it bearish potential.
Today, the SPX tried to move up and was quickly rejected on growing bear volume. We believe this can go much lower.
You can see all the signals and details of this drop before it happened...
The S&P 500 Index (SPX500USD) has reached a new all-time high while weakness signals continue to pop up all over the place.
The MACD continues descending and going lower:
Bearish divergence is now showing on the RSI from the 23rd to the 29th April, marked with a blue arrow...
How much longer can this go?
Let us know in the comments section below!
We are...
![SPX500USD: S&P 500 Index Drops Below Support (Is This It?)[UK]](https://s3.tradingview.com/y/YRsRWmAb_mid.png "S&P 500 Index Drops Below Support (Is This It?)[UK]")
