s&p short analysis based on supply demand zones SP:SPX short prediction based on support demand zones and support resistence zones on multiple time fream analysis.
SP500FT trade ideas
Falling wedge in S&P 500 4H chartS&P 500 index futures has completed a falling wedge on 4H chart. Falling wedge is a reversal signal and indicates lack of strength in the bears. Hence, we may see price correct back to 50MA (red line) and the wedge high of 3739.
We will watch for price action as it touches the 50MA. If the price reverses and bears come back at 50MA, bullish bet would be called off. If not, bulls are strong and 3739 becomes a fair possibility.
S&P 500 Good time to look at S&P 500 in terms of investing or putting in a SIP
Monthly RSI is nearing 40 levels which was similar to 2020 fall
If you go back in history, monthly RSI of 40-30 is a great range to put in good money in S&P be it years of Great Depression or 2008 crisis, market rebounded well from RSI 40-30 range mostly.
Some ways to invest in S&P 500:
1.Mirae Asset S&P 500 Top 50 ETF
2. Motilal Oswal S&P 500 Index Fund Direct Plan Growth
S&P 500 in A Impulsive Wave (Capitulation)On Weekly Basis:
In continuation to last view, S&P 500 continues to fall and may get arrested at 3272 from where it may bounce back to resistance level of 3675. Currently it may retrace back to 3675 and resume down turn upto 3272. It is moving in C Sub wave and D Sub wave may happen any time before E Sub wave resumes. It is under A impulsive wave down of capitulation phase.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
SnP 500The SnP chart has the same MAKE UP as the DJIA and NIFTY....... ONLY Tells Me that atleast these 3 Indices are working in TANDAM. It is ONLY a Question of TIME before the ALLIGNMENT TAKES PLACE between these 3 atleast. Ill see the BANK NIFTY CHART as well later and see if all 4 have the same MAKE UP
SnP 500I apologize that I haven't been around for a few days as I was Unwell, with Fever and Body aches over the Last week or so. I know a Lot Many of you are Really worried about what is happening....... In as Much as we have broken below our key levels on Nifty...... I do not see any PANIC LIKE SITUATION.
I am sending you guys the picture for the SnP and I BET MY BOTTOM DOLLAR this will be the BOTTOM.... I will post the other charts tomorrow or day after.
SPX #S&P500There are two parallel channel if we consider data from 1942
inside inner channel price may try to test lower channel that could be good chance for going long towards upper elbow of the outer channel
SPX* As said in previous update, WCB below 3901_10 opened doors for next support zone - 3636_3675 and made low 3647. Now below this zone 200 WMA may provide some support for time being for some bounce. Although 3636_3675 will be broken & can expect fresh 52 week low after some bounce or before it. More than 5% cut in index once the importance support of 3901_10 is broken on WCB which was the TREND DECIDER LEVELS.
* 200 WMA, 3480_3510 / 3380_3395 are next support zones to be watched going forward
SPX500USDWe might see a possibility of SPX500 moving upwards or moving downwards based on a daily structure.
SnP 500Following Facts have come into my View on the SnP500 chart. Very interesting observations for now, and the EW wave counts are as below.
1. 667 to 3393 = 2726 is the differential in price for wave 1, and all calculations will be based on 2726.
2. wave 2 = 3392 to 2191 = it went below the retracement of 38.2% but was well above 61.8%
3. wave 3= 2191 to 4818 = Again it overshot the desired 161.8% ( 4410), and made a high of 4818.
4. 4818 to ???? What does EW say about wave 4???? Wave 4 will retrace 38.2 OR 50% of 2721 ( wave 1).
Hence wave 4 can be...... 2726 x 38.2% = 1041....... 4818 - 1041 = 3777( we are well below this already)
The next fib ifor wave 4 is.....2726 x 50% = 1363 .... 4818 -1363 = 3455. ( yet to come and can it overshoot again to 3325 ??)
5, wave 5 will be as follows 38.2% or 50% of wave 1.
2726 x 38.2% =1041.
2726 x 50% = 1363.
Let us take a conservative figure of 50% retrace @ 1363.......... so where will wave 5 end ??????
4818 + 1363 = 6181. This is what I see happening and believe me you...... it will happen soooooooo fast you wont know what HIT YOU.
To the next question then what happens to the Indian markets??????? Can we go to 261.8% RISE ??????? No we CANNOT. 21400 apprxx on NIFTY is my BEST CASE SCENARIO for NOW. We CANNOT OUTPERFORM the Rest of the World when everything is Falling. DO NOT DREAM ABOUT DE-COUPLING AT ALL.IT WONT HAPPEN
SnP 500It is Imperative we all understand the SnP as well ...... How I see it is well defined with EXTREME LOGIC and the way going forward. On Hourly basis it is extremely Over Sold ( O/S).... and will bounce UP..... to within the Fibs mentioned inside the Rectangle. There is EXTREME FEAR ON THE STREET AND IT IS GOING TO GET MORE FEARFUL ...... ONLY THE BOLD VENTURE OUT AND MAKE IT BIG
SPX updateWe have Demand Zones identified and 50 EMA also coincides in the same area. high chance we may see reversal from the marked demand zone.
#SPX 3400 CallingDepression happens fast !! We should see a crack to 3400 and lower towards the end of the year. Till We don't breach the red zone there is no bullish view on the US markets. WXYX-Z
Regular bullish divergence :- s&p 500S&p 500 rsi formed bullish divergence from it support level also previous candle was hammer and candle formed today engulfed the hammer which is another signal for trend reversal
Target :- 4100
Sl :- 3830
Rr :- 1:3
disclaimer :- this is for demonstration and educational purpose only. this is not buying and selling recommendation
SnP 500For your reference is the Sn P 500 chart...... Notice carefully on a Monthly basis..... even though prices have broken down since the TOP..... the 12 MA hasn't crossed BELOW the 21 yet. Doesn't look tooo Bad to Me. TV provides the SnP chart @ LINE CHART so cant help it. Will give the Targets a few days later on this One.
S&P correction is near it's endCurrently it's looking that the correction which has started in the Nov'21 is going to end soon.
We will wait how the waves unfolds after the completion of this long time correction.
SPX* S&P500 is in the strong bear grip. As mentioned earlier, fell one sided from 50 WMA to the yellow trend line support, spent 2_3 weeks there with minor bounce & finally breaking down.
* WCB below 3901_10 will open doors for next support zone - 3636_3675. In this case, 3636_3675 will be broken & can expect fresh 52 week low.
* 3480_3510 will be next decent support zone to be watched going forward. That's the importance of 3901_10 WCB
Final Rally before End of Multiyear Bull Market What we are Looking is part of an On-Going Impulse structure of Multi Year Bull Market which witnessed 6+ US Presidents Once this Major Top is Made, we can Expect a Bear Market of 10 + Years in the US Markets
I am posting with sense of Knowledge I have, there will be variation in Movements other than Current Forecast,
One who is Holding in US Stocks can Look to Exit with their own Methods after this rally performs
Good luck
SPX early signs of trend reversal once againSPX buy here and dips up to 3940 with Stop and Reverse sustaining below 3940 to recover loss.
Confirmation sustaining above 4040.
Initial targets 4100-4150 to make position free of cost.
Sustaining above T-2, increase target to 5000. Positional..
