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
Trade ideas
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
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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
Do or Die condition for SPXAs shown in daily chart of SPX, price made breakdown from three months old upward channel. If it failed to enter again in the channel then selling pressure will increase significantly. There is no good correction of price since last few months. Long unwinding & short selling will push the SPX down. Do or Die condition for the index.
Markets set up for downside volatility
SPX has been up only since crossing previous ATHs.
Q1 just closed and Q2 day 1 is closing below the closest weekly levels.
Don't fade an upcoming price expansion (or 2) in this month.
Immediate key downside support for SPX is the prev ATH, which is 9% under from here.
Invalidation -
SPX daily close at ATHs.
SXP500S&P500 is probably likely to go down from here I am expecting sniper entry. Use proper risk management. Lets Download Success
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Elliot Waves S&P 500 - Daily Time Frame These are the most clean price action based Elliot wave chart I found during analysis
I hope everyone can take guidance from it
DXY, GBPUSD,EURUSD,XAUUSDThis is my analysis on this following pairs watch and see how the market seems to be respecting my setup
SPX500S&P 500 nears to the edge of a rising wedge structure with negative divergence in RSI on daily charts with loosing momentum upside likely to retrace downside with probable support levels marked as horizontal lines
SPX SP500 Trade Idea Setup - SPX looks over extended to me
- All US Indices look over extended to me but you can't short it anyways
- The whole playout here is based on catching retracements and not shorting anything
- IMO trade less unless you find an A+ setup
Ngaihawma nnfx strategyA trading strategy with sound money management. Feel free to use and edit at will. This strategy currently works well in btc, spx and nifty50.
S&P 500 HOURLY GANN LEVELS CHART 26 FEB 2024S&P 500 run to upside continues with the High of 5111.06 on Friday 23 feb 2024 at 19:30 IST. Hourly buy triggered above 4744.35 with a decent rise thereafter. Oure level to watch is 5119.79 on the upside. Above it nearby targets of 5307.51 on the upside. The level on downside to watch is 5052.21. Time to watch is 28 Feb 2024 00:30 IST.
Happy Trading !!!
S&P 500 HOURLY GANN LEVELS CHART 16 FEB 2024S&P 500 is the most advanced and most trade market and also most matured market to analyse and trade. You need the qualities of a seasoned campaigner to tame the beast. Here is where Gann Trading Systems can help you a lot to understand it.
Look at the chart above. We got a double bottom on hourly charts at 4819.09 on 05 Feb 2024 at 20:30 IST. Another bottom at 4920.31 on 13 feb 2024 at 1:30 IST. We were supported at the important Gann Level before that. Magic Figure was 5050 on it. Above this we have cluster resistance at 5083.26 and 5091.90. Below we have cluster support at 5010.43 and 4090.69 respectively. It would be interesting to watch if it crosses above 5125 till 5180 on the upside.
Happy Trading !!!
