S&P 500 DAILY GANN ANGLE CHART 07 SEPTEMBER 2024Daily chart with Gann Angles shown. Swing high squared from 28 May 2024. Gann date was 27 May 2024. Break of Gann Angle was important.5400 seems important with the line in the sand.
SPCUSD trade ideas
SP500 : Bearish : Cycles pattern : Watch out!Look carefully at April 2005, October 2007 and Today. A "Sell Off" of 20% took place. History does not usually repeat itself, but in trading the phenomenon of cyclicals exists. It's just AMAZING! What do you think?!
In addition, the levels indicated are achievable in the medium term, 2-3 months;
In recent days, this is what happened at the macroeconomic level:
1-Jackson Hole
Result: No big impact on the markets: Dow Jones or techs.
2-NVIDIA long awaited:
Result: The action disappointed and went down
Minus 9.86% in total after closing and yesterday minus 6.38%.
Cause: Delay in the delivery of new chips, among others...
Will NVIDIA always explode the ceilings, while the competition arrives: AMD, GOOGLE, etc... with more efficient chips that do not heat up.
Technically the markets are OVERBOUGHT
so a return to the 38.2% or 50% of Fibonacci would be perfect for sellers, but also for buyers who would like to buy at a lower price!
I remind you that in trading we buy the bottoms and we sell the peaks!
SPX Levels // 45 MinHello Everyone 👋
Support Levels:
First Support: 4,500
Second Support: 4,480
Third Support: 4,460
Resistance Levels:
First Resistance: 4,520
Second Resistance: 4,540
Third Resistance: 4,560
These levels are derived from technical analysis and can help identify potential entry and exit points for trading
S&P Analysis 24-Aug-2024: Bull or Bear?S&P Analysis 24-Aug-2024: Bull or Bear?
CMP: 5634.45
RESISTANCE: 5678
SUPPORT: 5555
As long as 5555 holds support, we can see 5780-5880
Further 6000-6200 (ultimate target).
Below 5555, bearish.
Breadth is not that bad in fact we have a positive divergenceDiffusion indicators can be funny, and after the recent panic selling, US stocks are seeing a higher low in the number of stocks above 50dma. Now, the reading has bumped back higher to 59% as the market is rallying. So, this looks like a strong sign of stability. Nothing broke down despite the volatility.
spx structural short shared yesterday in daily TFthis is a structure retest on spx break of structure short. this is a swing and yesterday same chart posted on M15 by mistake. same trade.
spx structure retest shortthis is short on the retest of break of structure on H4. with all economic and political pressures. this is a swing short curate entries accordingly.
S&P 500 INDEX GANN ANALYSIS DAILY CHART 13 AUGUST 2024S&P 500 saw an exact "Hit and Run" case on recent swing low. The recovery thereafter is another important level of 5366.32 seen on charts. we need to watch this level for further growth. Supports at 5253.16 and thereafter at 5159.64.
Happy Trading !!!
N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
S&P 500 Index Monthly Gann Analysis 06 August 2024S&P 500 hits an high at birthzone and retraces back. Target was around 5560. Earlier it had hit an high at death zone level of 4808 back in Jan 2022. Then it had retraced to the level of 3682 which was the centre of gravity in Oct 2022. This rise was 9 months with where it corrected three minor sections of the price cycle. We saw the top to top movement between the death and birth zone. The level of 5184 is a very important price cycle level. If held as supports then we may see recovery on the index. Drop below this level we may correct further to supports of 4808. So we need to watch it around current price cycle levels.
Happy Trading !!!
N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
S&P 500 Preparing for a Robust RallyOn Weekly Basis:
S&P 500 (SPY) completed its correction from 4800 to 3490 in its 5 Wave Down. Fibonacci 50% retracement from bottom 2300 to top 4800 ends at 3540, a support level in October, 2022. It took a support at 4115 which is a long-term horizontal support with multiple pivots on weekly charts. It looks like a fresh new Wave has just started from 4115 completing A Wave at 4771 and correcting B Wave at 4697. A powerful C Wave is currently intact and shall continue. D and E waves are not yet formed to predict a correction. There is a golden cross over at 200 DMA (January, 2023) and since then it has maintained an uptrend. It has come out of oversold position (June, 2022) to overbought position (currently) but may behave zig zag before meaningful correction may start. Now it has broken the strong resistance level at 4771 also a previous all-time high on weekly basis. Target of 5472 cannot be ruled out before a meaningful correction starts. There is still a chance for long position with 8% appreciation. AI, Semiconductors, Oil and Cryptos are the leaders in the pack.
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.
Thoughts on current market situation.It's been a week now and I haven't seen any major move in the market, the SPX is in its last wave, and there is a major possibility of a correction in the market. Please let me know your thoughts on the current market trend.
SPX weekly in bear wedge with RSI divergence .
Whole world is seems to be bullish now but on weekly chart of SPX, price is moving upward in bear wedge pattern with bearish RSI divergence. All major index worldwide are moving upward in same manner. Here you can easily see SPX weekly chart divergence & bear wedge. So be cautious with longs.
SP500 GANN WEEKLY ANALYSIS FOR FOMC JUNE 11-12 2024S&P 500 index made at triple top on weekly timeframe at 5265 an important level on chart. Thereafter it corrected down for 3 weeks Gann Rule 2/3 weeks correction against the trend.
Index did not break the important level of 4940 with the low coming at 4953.56 on 15 Apr 2024 week. Gann wheel shows April 12 as important. Price analysis done on Square of 52. Price Cycle completes at 52460 with usual lost motion which may overthrow the level or undershoot it as per the prevailing vibrations. We are at momentum vibration level on the index which comes at 5373.32. Weekly of 5375.08 seen on 03 June 2024 candle. Prior week low was important at price cycle level of 5200 actual low at 5191.68 on 28 May 2024 weekly candle.
Market players expecting rate cuts in FOMC meet it will be interesting to see if get it and euphoria continues ahead and we meet the targets of 5460 needs to be seen. Mars and Pluto square around the same time makes it more interesting to watch it. For that we need to stay above 5373.32 and stay put above 5395 around the annoucement period.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
S&P 500 INDEX WEEKLY GANN ANALYSIS FOR MAY 2024S&P 500 Index has been rising from the 10 Oct 2022 weekly candle with an low of 3489. The crossing of 3600 confirmed the low on it after it closed at 3761.40 on the 17 Oct 2022 candle. The geometry of market is working at its best with the index nearing the target of 5400 with the recent weekly high at 5327.30 on the last weely candle. We are nearing the completion of one of the weekly cycles coming to an end next week. The index can grow further on closing above 5400. Price cycle completion seen at 5670 to 5759.90. The said targets can be achieved after momentum above 5400. Downside levels to be watched for correction are 5130 and 5039.90. Recent low was at 4930. Swing target from the low comes at 5470. interesting to watch if hit the target of 5400 next week on the weekly time cycle.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
S&P - new target 5530 - 5600S&P making new ATH and well above the previous tops now were will this rally stop or take correction? 5530 to 5600 could be the possible area for bulls to book profit
SXP500SXP500 is currently at a strong resistance zone, I am expecting a strong bearish move. Remember to use pro risk management. Its sniper entry or nothing. Lets Download Success
S&PHello & welcome to this analysis
S&P has entered the PRZ of a bearish Harmonic ABCD pattern. It gets activated below 5175 and negated above 5210
A reversal from here could form a lower high in the index
S&P - Target - 5220 - possible with Fed & FOMC newsToday S&P seen holding on to its support area....In case Feb Decision and FOMC news favours equity then I think we can see 5220 this week.
S&P - short term target -5150S&P has taken support little earlier than expected, so this could easily see price of 5150 very soon.
S&P 500 WEEKLY GANN ANALYSIS 23 APR 2024...SP500 hit a all time high of 5284.20 in the first week of April 2024. We saw 3 weeks correction as per Gann rules against the trend. The swing 3 weeks low is at 4930 on week starting 15 Apr 2024 350 odd points down from the high. Level of 5233.50 was important for the index breaking that level we are hit the cluster support zone of 4942.70 and 4906.40. Index needs to cross above 5342.50 for further growth to happen. As long as index is below 5124.50 we may see consolidation between the zone of 4794.40 earlier swing high if it breaks below 4906.40. Important squaring level is 5329.00 and below it is 5041.00. We are using the dynamic vibrations instead of the fixed vibrations to measure the current move.
Time cycle analysis and important time and price vibrations can be seen on the chart. We saw correction near time death zone. Best shorts trade was between the half and two thirds time zone. Best long trade was after the two thirds time zone on crossover of 4252.20 and hitting the targets of 5233.50 were tsl was hit.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.
S&P is still Bearish and having levels lowerUS said Israel hit Iran and this will impact US equity due to risk on oil. Mostly US equity do not change trend so easily with out testing ket levels.
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SPX 500 Weekend AnalysisBreakout of 2 year rounding bottom
Pattern tgt is beyond 6000
last couple of weeks are showing some weakness we may get possible retest of levels mentioned and from there it might resume its upward journey
