SPX trade ideas

AlanSantana Updated 

We are going to be looking at it through the moving averages and keep it simple this time... How are you feeling today? I am hoping you are having a wonderful Saturday. Based on what I am seeing in this chart, next week will be a super bloody, full blown red week and that's ok; the market moves in waves... We are talking about the stock market, the S&P 500 Index...

DaddySawbucks Updated 

A correction is coming soon. Maybe started this week. How low will it go? Nobody knows. So many Bearish Posts. Permabears predicting cataclysm. The End is Near! Doomsayers who repeatedly forecast massive crashes will eventually be right, once every 15-20 years. Almost always these guys are just plain wrong. Markets exist to print money. Money prints when...

JerryManders Updated 

This is a rough estimate projection of what I'm expecting in the coming weeks for the market. I'll post a more detailed analysis once wave 4 is confirmed. Here is the summary (this is not an EWT analysis, so you;ll have to take my word on it for this count - rather, its a rough forecast for what to expect that uses an EWC to simplify my pivot references): -...

BlackisKing Updated 

For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor...

without_worries

No doubt everyone has heard a variation of the phrase: “Sell in May, return another day.” In Wikipedia it is written: “Sell in May and go away is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the...

DaddySawbucks Updated 

Buildup prior to the invasion was a steady week of lower prices in January, until 17 Jan 1991 when coalition forces took control of skies over Baghdad and destroyed Iraqi air and ground forces. Overlay is Jan 1991. 17 Jan was the night invasion. 18 Jan the market took a moon shot. Once it became apparent that our guys were winning, bulls took over and the rise...

moneyflow_trader

Retest of previous bearish cypher with oversold stoch rsi

Hsan_Benhmed Updated 

Hi Traders ! Previously, The SPX500 Price Formed a Bearish Double TOP Pattern. Currently, The Price Broke The Support Level (5081.27 - 5051.43). This Key Level Becomes a New Resistance Level ! So, I Expect a Bearish Move 📉. TARGET: 4976.00🎯

kacim_elloitt Updated 

SPX500 keeps falling but will soon retest A horizontal support level Of 5045.38 from where we Will be expecting a local Bullish rebound !

SignalProvider

Here is our detailed technical review for US500. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 5122.2. Taking into consideration the structure & trend analysis, I believe that the market will reach 5315.3 level soon. P.S Overbought describes a period of...

MikeMM

If it is to continue doing so, which I believe it will, then the correction is over, and the bottom is in before 5000. on the one hour chart we are seeing bullish divergence on the RSI, which has marked prior bottoms. I wouldn't be surprised if today was bottom.

Abu-Eva

we will start the 5th wave soon i believe when the channel is broken we will reach around 4970 hopefully. unless if something happens.

InvestingScope

S&P500 has formed today a Death Cross on the 4H timeframe after 8 months (August 14th 2023), turning bearish on the 1D technical outlook as well (RSI = 37.122, MACD = -81.00, ADX = 53.782) as yesterday it crossed under the 1D MA50 for the first time since November 3rd 2023. Both are technically very bearish developments and according to the last 4H Death Cross, we...

SignalProvider Updated 

Here is our detailed technical review for SPX500. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5062.0. Taking into consideration the structure & trend analysis, I believe that the market will reach 4928.9 level soon. P.S Overbought describes a period...

TradingShot

A lot of talk is being done lately on whether the S&P500 index (SPX) has maxed now that it made new All Time Highs (ATH) or it is in need of a strong correction etc. Those who have been following us for long here, know that in times like this, we like to keep a long-term perspective and give you the picture unfiltered with the facts only. Along those lines, we...

TradingShot

Our last call on the S&P500 (SPX) couldn't have gone better as the Bearish Megaphone pattern we expected (April 05, see chart below) was eventually materialized and easily hit on Tuesday our 5050 Target: At the moment the index is below the 1D MA50 (blue trend-line), which has been the main Support since November 03 2023 and is headed towards the 1D MA100...

RogueCleaner

fibonaaci levels showing me the SPX has peaked and more money printing is required. Even though real interest rates are still negative (loose money) the SPX has struggled to break higher. Fed needs to pump more money and buy more bonds. If it can not do this then Fibonacci has decided the market top. and a 38% retrace could happen.