Hello traders! ‼️ This is my perspective on S&P500. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I expect bullish continuation after price filled the imbalance and then rejected from S/R zone + FIBO 0.618 level. Like, comment and subscribe to be in touch with my content!
All major sectors are strong, confirming SPX strength. There are minor signs of weakness on some charts but nothing serious yet.
S&P 500 (US500) could bounce off an overlap support at 5,189.10 which has been identified as a pivot point. Could price potentially rise toward the all-time high? Pivot: 5,189.10 Support: 5,115.50 Resistance: 5,282.06 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....
Bitcoin (BTCUSD) is currently repeating on its 4H time-frame a fractal of S&P500 (SPX) on its 1W time-frame. As BTC is pulling back towards the 4H MA50 (blue trend-line) and a Bullish Cross is about to be formed, the symmetric development on the S&P500 fractal indicates that this Bullish Cross should be treated as a Buy Signal. On S&P500 it started the aggressive...
2022 was a brutal year for everybody in the stock market with the s&p declining -20% and many stocks straight up collapsing, some of you may be asking: "Is the bear market coming to an end soon?" and while i cannot be for certain due to a variety of factors, there is at least a case to be made for bulls here: -Potential Higher Low -Vix staying mostly sideways...
Hello traders! ‼️ This is my perspective on US500. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I wait price to continue the retracement to fulfill that huge imbalance and then to reject from S/R zone + FIBO 0.618 level. Like, comment and subscribe to be in touch with my content!
At the start of last week, things didn’t look great for the bulls. There were several signs of weakness that could have easily led to a daily trend reversal. However, that didn’t materialize. Firstly, on Monday, buyers were able to set a daily higher low. Then, on Wednesday, they positioned the price very close to the previous two weeks' high. Finally, with the...
Take a look at our analysis for US500. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 5236.6. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
The S&P500 is highly overbought on the 1W technical outlook (RSI = 77.490, MACD = 202.930, ADX = 73.429) and hasn't provided the slightest correction under the key 1D MA50 trendline since November 3rd 2023. In spite of that, the index can keep rising without providing such a correction, let alone enable us to time it. Its structure of this nonstop rise since...
4H on SPX looks hella bearish. Insitutional orderflow looking great. I expect SPX to push lower. What do you think?
Please, check our technical outlook for US500. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 5238.4. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 5187.9 level....
The S&P500 index hit yesterday the top of the 19 month Channel Up. That was the first time since it started trading. This is a strong sell signal and considering that the MA50 (1d) has been intact since the November 3rd 2023 bullish break out, we expect to cross under it now. Trading Plan: 1. Sell on the current market price. Targets: 1. 4950 (-6.00%, 0.618 Fib...
The S&P index continues its upward trajectory, defying expectations of contraction. Despite occasional fluctuations, the overall trend remains resolutely upward. Investor confidence appears unwavering, bolstered by strong economic indicators and corporate performance. This sustained growth signals stability in the financial markets, encouraging continued...
The S&P 500 (US500) is rising towards a potential breakout level at 5,256.42 which has been identified as a pivot point. Could price potentially break through this level and rise higher towards the 1st resistance? Pivot: 5,256.42 Support: 5,185.97 Resistance: 5,361.25 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
Last week began with a display of strong conviction from buyers, propelling price upwards towards the previous high (516.5). They managed to surpass it by a small margin, establishing a new historical high at 517.1. Unfortunately, bulls were unable to sustain momentum and build a new value zone, allowing bears to regain control and push price back towards the...
In the infamous words of Mark Twain, we are analyzing today the S&P500 index (SPX) on the long-term 1W time-frame. This is a cyclical perspective obviously, attempting to find similarities between past and present price action, in anticipation of projecting the trend in the near future. As you can see, the index is replicating quite closely the 1W price action...
Yesterday’s financial print in the United States revealed an uptick in inflation. For the second month of 2024, the inflation rate rose by 0.4% MoM (accelerating 0.1% from January 2024) and 3.2% YoY (accelerating 0.1% from January 2024). Meanwhile, the core inflation rose by 0.4% MoM (staying unchanged) and 3.8% YoY (showing a decrease of 0.1% versus the previous...
Here is our detailed technical review for US500. Time Frame: 17h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 5136.3. Considering the today's price action, probabilities will be high to see a movement to 5042.5. P.S Overbought describes a period of time where there has...