Pair : SPX500 Index Description : Bearish Channel Pattern as an Correction in Long Time Frame and Rejection from Lower Trend Line and Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line. Completed " ABC " Correction. Entry Precautions : Wait until it Complete its Retest and Rejects
The S&P500 index (SPX) has been trading within a Channel Down since the mid-July High. Last week though made a strong reversal on the 1W MA100 (green trend-line) and the 1D MA200, closed the candle in green and is about to do so again for the 2nd straight week today. Ahead of a 1W MA50/100 Bullish Cross (the first in 7 years), this Channel Down can be interpreted...
We have shown numerous times that the S&P500 (SPX) was in a 2.5 month Channel Down/ corrective move but all within the larger Channel Up pattern, which keeps the long-term trend bullish ever since the bottom recovery last October (2022). Much like that bottom which was formed by the rebound on the 1W MA200 (orange trend-line), 12 months after (October 2023), the...
In my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance...
Hello Everyone. I want share my idea about S&P 500 which will be signal for next week. After Some pretty bearish momentum we got rejection from daily support. i think S&P will continue fall and i will try to catch that moment, for that i identify liquidity swings which gave me perfect entry area after used my Fibonacci levels, Fibonacci 78.60LVL and daily...
The S&P500 (SPX) is testing the bottom (Higher Lows trend-line) of the 12-month Channel Up pattern. It is vital for the uptrend that the following Support Cluster holds, as if broken, the next Demand/ Support Zone is seen considerably lower, in the low 3800s. Back to the Support Zone. Besides the bottom of the Channel Up, we have the 1D MA200 (orange trend-line)...
Following yesterday's green stock market reaction, we compare on today's analysis VIX (Volatility Index) to the S&P500 (SPX) price action on the 1D time-frame. Our goal is to find clues to how the Volatility Index can affect the stocks. As you can see, VIX is trading within an Ascending Triangle which 2 days ago got rejected on its top (Higher Highs) trend-line....
Time to leave the short-term charts for S&P500 (SPX) aside and look again at the long-term ones as the price failed last week to recover the 1D MA50 (blue trend-line) and is extending this week the decline towards the 1D MA200 (orange trend-line). ** Higher Lows and 2-year Supply/ Demand Zone ** It hasn't yet hit the Higher Lows trend-line that started on the...
As I explained last week, there is a high chance for SP500 to drop to important 4250-4275 zone support. On Friday the index dropped under the short-term trend line and, after consolidation on Monday and Tuesday, yesterday we had a strong drop. The overall picture is pretty bearish at this point and another 150 points drop becomes very probable. In conclusion, as...
Hi Everyone, A summary of the last 5 recessions since 1981... These recessions triggered declines of at least 20%. The Great Recession from December 2007 to June 2009 was the one that most affected the market with a decrease of about 57%. Regarding macroeconomics, the Americans are currently implementing a monetary tightening policies and have announced a final...
The S&P500 index (SPX) gave us last week an accurate quick buy signal (see chart below) but then got sold-off to a new 3-week Low: The price hit yesterday during that sell-off the bottom (Higher Lows trend-line) of the Ascending Triangle pattern that is in place since the August 04 High (which created its 4540 top/ Resistance). This is a short-term buy signal...
The S&P500 index (SPX) is attempting to stage a rise after hitting the bottom of the Bullish Megaphone. This is after the formation of the Golden Cross on the 4H time-frame, the first such pattern since March 31. In addition, the 4H MACD just formed a Bullish Cross below the 0.0 level. This is a strong combination of bullish signals for the medium-term. As long...
Following last week's buy signal (chart below) on the S&P500 index (SPX), we shift our attention on the 1W time-frame where the new long-term buy signal has just been confirmed: As you see, the price closed above the 1D MA50 (red trend-line) yesterday, invalidating any bias for further decline and confirming the resuming of the long-term bullish trend within...
The S&P500 index (SPX) hit our 4350 Sell Target that we set on last week's idea (see chart below) and immediately started a two day rebound: This rebound is taking place just above the 1D MA100 (green trend-line), with the 1D MA50 (blue trend-line) as the Resistance. We've mentioned countless times that the long-term pattern is a Channel Up since the October...
Last week we gave a sell continuation signal on the S&P500 index (SPX) after the price failed to break above the short-term Resistance of 4H MA50 (see chart below): As the price hit the 1D MA50 (blue trend-line) last Thursday for the first time in 3 months, the index found its first long-term Support level. Along with being near the bottom (Higher Lows...
The S&P500 index (SPX) is within a corrective wave in the form of a Channel Down, which may have found a Support on the 4H MA200 (orange trend-line) but as long as it trades below the 4H MA50 (blue trend-line), it remains bearish. As a result our target is 4430 on a potential contact with the 1D MA50 (red trend-line). If however it closes a 4H candle above the 4H...
Pair : SPX500 Index Description : Bullish Channel in STF and LTF as an Corrective Pattern EXP FIAT Daily Resistance Level Divergence Break of Structure Completed "12345 " Impulsive Wave
The S&P500 (SPX) index has been rising non-stop and appears not to be influenced by yesterday's Fed Rate Decision. The price reached however the top of Channel Up 1, the pattern that has been driving the price action since the October 13 2022 Bear Cycle bottom. This calls for a technical pull-back similar to the December 01 2022 and February 02 2023 Higher Highs,...