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 reversal
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
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 5832
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
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 gener
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 worldwid
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 momentu
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 )
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.
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 swi
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
S&P 500 Index - Standard & Poors 500 (SPX) reached its highest quote on Dec 6, 2024 — 6,107.7 USD. See more data on the S&P 500 Index - Standard & Poors 500 (SPX) chart.
The lowest ever quote of S&P 500 Index - Standard & Poors 500 (SPX) is 1,384.9 USD. It was reached on Nov 28, 2012. See more data on the S&P 500 Index - Standard & Poors 500 (SPX) chart.
S&P 500 Index - Standard & Poors 500 (SPX) is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy S&P 500 Index - Standard & Poors 500 (SPX) futures or funds or invest in its components.