S&PHello & welcome to this analysis Today's gap down has covered the gap up made on 6th Nov and completed the formation of a Bullish Harmonic Gartley. Sustaining above 5850 will confirm the reversalLongby Dinesh_C_Nagpal0
SP500#1: HOW DOES NONFARM AFFECT SP500?🔎 1/ Fundamental Analysis 🟥 Political tensions: • The US increases pressure on Russia through energy sanctions. This could lead to trade retaliation, negatively affecting the economy. 🟥 Interest rate policy: • Interest rates are likely to remain unchanged until June, limiting the amount of money injected into the market – causing concern. 🟥 CPI data next week: • Inflation is the biggest determinant of interest rate policy. Forecasts show that inflation is likely to increase again, continuing to put pressure on the market. 💡 Basic conclusion: The market faces a less optimistic sentiment due to increasing economic and political risks. 📊 2/ Technical Analysis 🔵 W (Weekly) Frame: • This week closed with a long-tailed, long-bodied candle – a strong bearish sign. 🔵 D (Daily) Frame: • The bearish structure was confirmed after Friday's trading session. 🔵 H1 (Hourly) Frame: • The bearish price structure is clear: consecutive lower highs, the support trendline is broken. 💡 Summary: All three timeframes are supporting the downtrend. 📈 3/ Trading Plan 🟢 Correction strategy: • Support zone: 5676~5750. 👉 Wait for price reaction at this zone to find an opportunity to enter the order. ⚠️ Note: The weekly candle closes badly, profit expectations should not be too high. Do not rush to catch the bottom! 🔴 Trade in the direction of the trend: Resistance zone: 5890~5915. 👉 Plan: Wait for the price to react at the resistance zone to enter a sell order in the direction of the trend. 🎯 Profit target: 5680 - strong support zone. ❓ Which side are you on - BULL or BEAR? 💬 Leave a comment to discuss and exchange!by TonyL0ng0
S&P completes a counter trend move in three wavesThe S&P 500 closed down last night after what looks like a three-day bounce that ended an a-b-c bounce back. Three waves up after five waves down sets us up for the next five waves down in wave 3. Wave 3 should take us back below the Wave 1 low of 5832Shortby indiacharts15
A Stock market crash can trigger a recessionSteepening cycles in the US yield curve have preceded stock market crashes in the past, and so far, this time is no different. As measured by the difference between the 10-year bond yield and the 2-year bond yield, the yield curve is now rising and made a higher high last night. The continued trend is toward a risk-off by investors out of equities into the safety of two-year or shorter-term bonds. Such stock market sell-offs have also resulted in a recession in the past so one follows the next. Shortby indiacharts2
S & P 500 : Rising WADGE (Very Bearish)S & P 500 is forming a Rising Wadge Pattern at top. Closing Below 6000 will be a clear breakdown from this pattern. 5440 will be seen as Pattern target. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you. by maneeshaggarwal4
SPX Support & Resistance level for the dayThe S&P 500 Index (SPX) is one of the most widely followed equity indices, representing 500 of the largest publicly traded companies in the U.S. As such, its price action reflects the overall performance of the U.S. stock market and is closely watched by traders, investors, and institutions worldwide. Volume Profile: Areas with high trading volume can indicate strong support or resistance, as they signify areas where large institutional orders were placed. Hypothetical Support and Resistance Levels for SPX: Let’s assume we’re analyzing the S&P 500 Index (SPX) from recent trends. Below are potential support and resistance levels based on hypothetical recent price action: Support Levels: 4,100 - 4,150 (Strong Support Zone): If SPX has tested 4,100 to 4,150 multiple times in the recent past and bounced higher, this could be a significant support range. A break below this range could indicate a deeper pullback. 4,000 (Psychological Support): 4,000 is a major round number and could act as strong psychological support. Traders may look to buy if the price approaches this level. 3,900 (Previous Low / Support Zone): If 3,900 was a level where SPX previously reversed or consolidated, it could act as a support level. A break below this could signal further downside, with the next support at 3,800. 3,800 (Lower Support Zone): If the market experiences a major correction, 3,800 might be a significant support level based on previous price action and where the index has bounced in the past. Resistance Levels: 4,300 - 4,350 (Recent High / Resistance Zone): 4,300 to 4,350 could be key resistance levels if SPX has faced difficulty breaking above this range recently. If it breaks this level, the next target could be higher. 4,500 (Psychological Resistance): 4,500 is another key round number. As SPX approaches this level, selling pressure from traders may increase, making it a likely point of resistance. 4,600 (Next Key Resistance): If SPX has approached 4,600 previously and failed to sustain above it, this would act as a strong resistance level. A breakout above 4,600 could indicate strong bullish momentum. 4,700 - 4,800 (Upper Resistance Zone): In a strong uptrend, 4,700 to 4,800 could be the next resistance zone. If SPX reaches this area, it could face significant selling pressure, and market participants might look to take profits. Key Areas to Watch: Breakout Above 4,350: A breakout above 4,350 would be bullish and could indicate that SPX is heading towards 4,500 and possibly 4,600. Watch for a close above this level to confirm strength. Breakdown Below 4,150: If SPX breaks below 4,150, it could signal a pullback toward 4,000 or lower. A breakdown below 4,000 would suggest a deeper correction. 50-day and 200-day Moving Averages: A break below the 50-day moving average could signal weakness in the short-term. Similarly, a break below the 200-day moving average could indicate longer-term bearishness.by EmpireCrown8
SPX500USD GANN VIEW FOR DECEMBER 2024... DEC 01, 2024After hitting the important level of 6016.90 (Actual High was 6018.70 ) on Nov 08, 2024..... we squared Price and Time. Gann students know that very clearly. Nov 11, 2024 High of 6031.4 did not hold for long and very dropped below 6016.90 and closed at 6010.20. Earlier update we had observed momentum level was 5910.70 which was briefly breached on daily basis for 3 days Nov 15/ Nov 18/ Nov 19 but we closed higher that level thereafter. So the bounce back expected was to hit 6016.90 and higher if momentum continued after earlier high. We hit the earlier high on Nov 26, 2024. Current ATH is 6049.0 and we have closed above the 6016.90. Staying above this level could take us to 6087.70 and 6123.30 a cluster zone. We are slightly behind Time but if Christmas Rally continues we may surpass it. Major Level to watch ahead for Dec 2024 is 6229.4 if the trend continues. Next Gann Date is Dec 21, 2024 and Level of 6130 is to be watched. Merry Christmas to all. 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. by kbr91219651116
SPX probability of making top in December in zone 6500-6700 are getting higher in 2025 early 4-6 month can see correction of 10-15% as price are getting close to rising resistance trendline .Lets see 2025 . (This are my personal views i might be wrong to )by deepshah1982114
SPX500USD GANN LEVELS TO WATCH FOR NOV 2024...SPX500USD Index had a hurdle at 5910.70 which was crossed 06 NOV 2024. Next level to watch was 6016.90 the same was hit on 08 NOV 2024 ( Gann date). We have achieved a minor target in the new cycle. Index stays positive above 5910.70 for growth to continue. Major supports on the Index till 5698.20. We will be consolidating in between these two levels given above. We have cluster resistance arounf 6087.70 and 6123.20. Nov 12, 2024 was date to watch we got a ATH near it. Next dates watch are Nov 20/22, 2024 for Nov 2024. 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.by kbr91219655
S&P 500 Poised for a CrashOn Weekly Basis: S&P 500 started its Bull wave from 3562 completing 1 Wave at 4600, 2 Wave at 4100, 3 Wave at 5270, 4 Wave at 5200 and 5 Wave 5750. Currently it is extending its wave to 6000 which is at upper band of parallel line looks like final peak. Usually, in such case fall is imminent and swift. A huge crash is expected in short time. 4770 level is a strong support and 50% retracement of entire rise from 3562 to 6000. It is also a top of December, 2021 of last Bull run, so it is an important support level. 20 to 22% fall looks imminent. Short sell may help in outperforming the market in short term. Warning and Disclaimer: The above prediction should not be taken as financial advice, 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 purposes only.Shortby AnkurSharda3221
SPX/BTCThe SPX/BTC chart represents the performance comparison between the S&P 500 Index (SPX), which tracks the overall U.S. stock market, and Bitcoin (BTC), the leading cryptocurrency. This chart allows investors to analyze the relative strength of traditional equities versus digital assets, providing insights into which asset class is performing better over time. Key uses: Risk Sentiment Analysis: Investors use SPX/BTC to gauge market risk sentiment. When SPX/BTC rises, it suggests equities are outperforming Bitcoin, indicating a stronger preference for traditional assets. Conversely, a declining SPX/BTC ratio signals Bitcoin's strength over stocks, often reflecting risk-on sentiment where investors favor higher-risk assets. Diversification Strategy: The SPX/BTC chart aids in portfolio diversification by showing if it’s favorable to allocate more to traditional equities or digital assets. Market Cycles and Trends: The SPX/BTC ratio can reveal shifts in macroeconomic cycles. A long-term trend upward or downward can highlight changing attitudes toward traditional assets versus cryptocurrencies, influenced by factors like inflation, monetary policy, and economic growth. By observing SPX/BTC trends, investors gain a clearer perspective on how Bitcoin compares to traditional markets, helping them make informed allocation decisions based on prevailing market conditions.by lehuyducanh1
SPX/BTC PairThe SPX/BTC chart represents the performance comparison between the S&P 500 Index (SPX), which tracks the overall U.S. stock market, and Bitcoin (BTC), the leading cryptocurrency. This chart allows investors to analyze the relative strength of traditional equities versus digital assets, providing insights into which asset class is performing better over time. Key uses: Risk Sentiment Analysis: Investors use SPX/BTC to gauge market risk sentiment. When SPX/BTC rises, it suggests equities are outperforming Bitcoin, indicating a stronger preference for traditional assets. Conversely, a declining SPX/BTC ratio signals Bitcoin's strength over stocks, often reflecting risk-on sentiment where investors favor higher-risk assets. Diversification Strategy: The SPX/BTC chart aids in portfolio diversification by showing if it’s favorable to allocate more to traditional equities or digital assets. Market Cycles and Trends: The SPX/BTC ratio can reveal shifts in macroeconomic cycles. A long-term trend upward or downward can highlight changing attitudes toward traditional assets versus cryptocurrencies, influenced by factors like inflation, monetary policy, and economic growth. By observing SPX/BTC trends, investors gain a clearer perspective on how Bitcoin compares to traditional markets, helping them make informed allocation decisions based on prevailing market conditions.by lehuyducanhUpdated 0
S&P 500 INDEX GANN ANGLES WITH PRICE AND TIME NOV 2024 ELECTIONSS&P 500 run from 2 Gann dates of 05 Aug 2024 and 22 Sep 2024 is shown on the chart. Drop on the first Gann date gave an excellent buy opportunity near the Gann level of 5060.7. Actual Low was 5094.2. Staying put till next Gann date of Sep 22 2024 gave excellent profits. Target was the Gann Level of 5690.2 shown on chart. But chart shows swing high of 5680.4. This is a classic dilemma for traders. Minor date of Aug 30 can be used to solve the problem with stops to protect our profits. We got the corrective move post Aug 30 and hit our major level of support at 5379.4 . Actual low was 5386.2 on Sep 06 2024 (Time by Degrees). Buying here gave an excellent entry for targets of 5804.4 our target. We got a high of 5784.4 on 26 Sep 2024. protective stops at 5890.2 on clossing basis. Cycle overthrow level target was 5910.7. We got a high of 5891.6 near the next Gann date of 16 Oct 2024. Death zone was 5890 so booking profits here was prudent in Gann Theory. Next Gann date is 08 Nov 2024 but currently Price is behind Time. Price needs to hold 5890 for further growth on the Index. Events come and go. They are hyped like the US Elections for example. Gann Knowledge can save the blushes for you. Happy Trading !!! by kbr91219652
SPX / S&P 500 Final throwover move pending?S&P 500 CMP: 5808 Looks like one final leg up is pending.. Broadening wedge in play.. Rounding bottom breakout target is at 6000+Longby Murthy_Santhosh4
S&P 500 INDEX 1D CBOE GANN ANALYSIS 20 OCT 2024 21:29 ISTLast update on S&P 500 Index we observed the important level of 5760 on it. We got a swift correction to the downside for 100 odd points. Market protected the important trend decider level of 5655 hit earlier on 12 July 2024. Nearly same levels were hit around twice in late August 2024. July 2024 High corrected nicely around 5200 odd levels. Sept 2024 correction was a shallow one arounf 5400 odd levels. High of 26 Sept 2024 around 5760 was critical. Ensuing correction was very short on Price and Time basis. Rally continued above it. Date to watch is 24 Oct 24 nice rhyming date. Price to watch is 5892.50. Above this level 6011 and 6130 are very important levels. Time wise 04 Nov 2024 is next critical date. Happy Trading !!!by kbr91219652
s&p trade see what happn nextIt looks like you’re analyzing a potential breakout scenario for the S&P index. Here’s a breakdown of what you’re describing: Current Market Price (CMP): 5842. Breakout Level: 5673. Chart Patterns: Gap Up Open: Indicates a strong bullish sentiment. Doji Formation: Suggests indecision in the market. Retest of Breakout Level: A common occurrence where the price revisits the breakout level to confirm it as new support. Upside Movement: Following the retest, the price moves upward. Big Fall: A significant drop, possibly due to profit-taking or market manipulation. Consolidation: Price stabilizes within a range before the next move. Second Breakout: Price breaks out of the consolidation range and moves rapidly. This sequence suggests a volatile trading environment with potential for both gains and losses. To navigate this, consider the following strategies: Monitor Volume: High volume during breakouts can confirm the strength of the move. Use Stop-Loss Orders: Protect your position from unexpected reversals. Watch for Confirmation: Ensure the breakout is sustained before entering a trade. Would you like to dive deeper into any specific aspect of this analysis or discuss another stock or index?Shortby DeepakGupta801
s&p trade with live performarmanceIt sounds like you’re analyzing the price movement and volume of a particular index. From what you’ve described, it seems like the price has shown some bullish activity but without strong candlestick patterns to support a sustained upward movement. This could indicate that operators might plan to exit, potentially leading to a significant fall in the index. The presence of volume is a positive sign, but it might not be enough to prevent a downturn. To get a clearer picture, you might want to look at additional technical indicators such as the Relative Strength Index (RSI), Moving Averages, or Bollinger Bands. These can provide more insights into the momentum and potential future movements of the index. Do you have a specific index or stock in mind that you’re analyzing? Shortby DeepakGupta801
"S&P 500 Technical Analysis: Key Fibonacci Levels and Price ActiCurrent Price: The current price of the S&P 500 is indicated as 5,821.84, situated near the 0.786 Fibonacci retracement level (5,829.20). This level often serves as a significant support or resistance zone. Fibonacci Levels: The Fibonacci retracement levels are plotted to assess potential reversal points in the market: 0.236 at 5,721.91 0.382 at 5,750.39 0.5 at 5,773.41 0.618 at 5,796.43 0.786 at 5,829.20 1.0 at 5,870.94 (potential resistance) Recent Trend: The chart indicates a strong upward movement, with multiple green candles, suggesting bullish sentiment. However, the recent dip points to some selling pressure or profit-taking after the rally. Support and Resistance: The 0.786 level could act as a resistance if the price fails to break above it. If the price continues to decline, the 0.618 and 0.5 levels might serve as potential support. Future Projections: If the price breaks above the 0.786 level, it might target the 1.0 level (5,870.94) next. Conversely, if it falls below 0.618, further downside could be expected.Shortby shhk12
Comparing SPX, Nifty and HSI HSI index is up almost 30% in just the last few days. But if you compare it from the Covid lows, it is barely there even now. Nifty and SPX meanwhile have done a few multiples. The PE levels of these Chinese/HSI companies are a fraction of that of SPX and India. Longby xTako2
SPX Support & Resistance levels SPX! As of the latest market data, here are the key levels for S&P 500 Index (SPX): Current Level: 4,115.80 Support Levels: Short-term: 4,070-4,090 (approx.) Medium-term: 4,040-4,060 (approx.) Long-term: 4,020-4,040 (approx.) Resistance Levels: Short-term: 4,140-4,160 (approx.) Medium-term: 4,170-4,190 (approx.) Long-term: 4,200-4,220 (approx.) Longby EmpireCrown5
SPX // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 For the S&P 500 Index (SPX) on the 1-hour timeframe, here are the key levels to watch: Support Levels: Around 4,950 to 5,0001 Resistance Levels: Around 5,100 to 5,150Longby SkyTradingZone4
Is it realistic to look for target of 6100 for S&P500 by 2024? Target projection for S&P500 with with trendlines based on the structure of long term trend by SASSA393
SPX // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Here are the current support and resistance levels for the S&P 500 Index (SPX) on a 4-hour timeframe: **Support Levels** 1. **Previous Low**: 3,940.00 2. **Fibonacci 38.2% Retracement**: 3,950.00 3. **200 SMA (Simple Moving Average)**: 3,965.00 4. **Fibonacci 23.6% Retracement**: 3,980.00 5. **Short-term Support**: 3,995.00 **Resistance Levels** 1. **Fibonacci 61.8% Retracement**: 4,020.00 2. **Previous High**: 4,040.00 3. **Fibonacci 78.6% Retracement**: 4,060.00 4. **Medium-term Resistance**: 4,080.00 5. **Long-term Resistance**: 4,100.00 **Notes** * These levels are subject to change as market conditions evolve. * These levels are based on historical data and may not be a guarantee of future price action. * These levels are not the only levels that can be used; traders can use other indicators, such as moving averages or trend lines, to identify potential support and resistance levels. **Current Market Conditions** * The S&P 500 Index is currently trading in a bullish trend, with a series of higher highs and higher lows. * The index is approaching the short-term resistance level of 3,995.00. * If the index breaks above this level, it could potentially move towards the medium-term resistance level of 4,080.00. **Trading Strategies** * Buy at support: If the index breaks below the short-term support level of 3,995.00, it could be a good opportunity to buy. * Sell at resistance: If the index breaks above the short-term resistance level of 4,020.00, it could be a good opportunity to sell. * Trend following: Follow the trend by buying or selling based on whether the index is moving upwards or downwards. * Mean reversion: Look for opportunities to buy when the index is oversold and sell when it is overbought. Some key levels to watch in the S&P 500 Index: * **Earnings**: The S&P 500 Index has seen strong earnings growth in recent quarters, with many companies beating expectations. * **Valuations**: The S&P 500 Index has seen its valuations rise in recent months, with some metrics reaching all-time highs. * **Interest Rates**: The Federal Reserve has been keeping interest rates low, which has helped to boost stock prices and fuel the rally. Remember to always use stop-losses and position sizing to manage risk when trading.Longby SkyTradingZone1