SP500 is on track and is following the idea i shared some days ago. I expect a continuation of the drop till the 4800-4900 area, and probably the target will be hit in May/June. Here i will look for longs to hold till Q4 2024. Updates will follow
Which way do we go from here? Up or down? RSI, macd and chart pattern all point to breakouts but either way seems possible at the moment...
Here we are once again. Another bear market? What do you think? 2-3 years? What is S&P 500? The S&P 500 is a market-cap weighted stock index constructed to track the share price performance of the top 500 large-cap U.S. equities.
we are currently trading wave 3 on the s&p 500 and looking for more downside into 4843 OANDA:SPX500USD
Logarithm. Large timeframe 1 week. On the chart a big bowl, you can say already with a handle, the price is testing the resistance of the previous market highs for the 3rd time (entering this zone). Breaking through it, this resistance will become a very strong support during the pumping (probability no more). Simplifying the complex is the key to...
multiday short trade on sp500 . Tp at 4700 today's candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish leg. possible target 4700 points.
Hello my fellow traders! Crazy times for SPX. Many will get confused and have their bias. (Hope it's right). Daily chart in SPX Oanda is in a roll over formation, ma's flipping. Measured move is far enough I thought I should post what I see. Target area 1) 4829.6 Target area 2) 4660. WHAT! I know right. Ya, we could dip to 4660 so please be careful...
The SPX has rallied approximately 3.5% since its lows on 19th April 2024 and well into the two-day FOMC meeting that kicks off today. In line with general market expectations, we do not anticipate any change to the central bank’s monetary policy, and just like on previous occasions, we expect Jerome Powell to reiterate the FED’s commitment to fighting inflation...
Yesterday saw a big ‘risk-off’ move across all the major US stock indices. The biggest falls were seen in the tech-heavy NASDAQ 100 and the domestically-focused mid-cap Russell 2000, which ended the day down 2.0% and 2.1% respectively. That was a fitting, if disappointing, end to April for US equities which have struggled to maintain the relentless bullishness...
We have the initial Resistance zone which is the intraday Bias changing zone. Where the market is going to move if ES/ SP500 holding below initial resistance following the FC announcement then the reason to weakness then could still remain in play for move down to initial support. ///////////////// Short-term Neutral-Bearish Intermediate Neutral-Bearish /////////////////
SPX500 As we looked at, this wedge shaped fractal looked very weak as soon as it started to grind upward from the second bounce. Now it has slumped down below the lower wedge trendline and that is quite a bearish look down there. From here there will be a lot of resistance above and its now unlikely that it can reach the upper trendline again without first...
📊 According to the sales pressure in the market, if the range of 5010 units is broken and the price stabilizes below it, the price may fall to the range of 4990 units🎯, and in case of strength, the range of 4950 units🎯🎯. 📊Otherwise, the possibility of price increase up to the range of 5050 units.
Today we woke up with a SP Futures Market down on Fed day. The previous days the market was trading in a narrow range, yesterday we saw it crashing down anticipating the Fed day today, and this morning it took another dent until the level reached what we can see in the chart, a touch over the 100 ma support. Keep in mind that after hitting the ATH recently, it...
Institutional Tactics analysis 1;3+ Risk reward setup This my inclution to the setup if you like my content and signals please Follow and comment Hit the like button and show some love wish you good luck and good trading
S&P 500 The price is on a bearish trajectory aiming for 4997, and it needs to close a 4-hour candle below this level to extend the downtrend towards 4953. The upcoming Federal Reserve rate decision will influence the S&P market. Meanwhile, the price is expected to fluctuate between 4997 and 5039 until a breakout occurs, with a potential retest of 5040 also...
Hello everyone, SPx500 4H NEW FORECAST We note that it is currently incurring tangible losses, reaching about 5040. The price's continued exposure to negative pressures may soon force it to target an important support represented by the level of 5010., thus facing the 55 moving average axis. We would like to note that the price breaking this support will...
SPX has possibly completed forming Waves A and B of a complex expanded flat correction, and may be near starting its Wave C. More likely this is the case should TVC:DXY continue up to and above 112-115. See related chart linked below under related ideas. Another possibility is a running flat correction where it turns back up near the 100% fib instead.