S&P500 Channel breakdown and now retestingIf this test fails then new levels may open up on the downside and the recent swing low of 2603 may be in threat.
US500.F trade ideas
S&P500 rising channel violatedUS Index S&P500 broke below its rising channel and went for a retest in yesterday's pullback.
A weekly close below this channel may signal a correction in Equity markets all around the globe.
SPX500 - Swing Sell SignalSPX500 Has Generated Fresh Swing Sell Signal. Expect Sell-Off of Last Week To Resume and test of Last Weeks Low
S&P 500 Index is trading near very important Fibonacci LevelS&P 500 Index is trading near very important Fibonacci Level.
Which is exact half way of 1.618 and 2.618 Extension level.
We can see some divergence also..Which is very negative sign.
Lets see How US market will reply on FED EVENT
S&P 500Breakout from the Symmetrical triangle target: 3050 levels.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
S&P500 at near term support US markets mat be at a near term support.
Closing below the trend line may trigger a correction but right now it looks ti be safe.
SPX500 Long Setup.Considering the momentum, I will initiate longs above 2900, with an open target and trailing SL starting the trade with 2820.
Will keep updating further actions.
S&P500Multiple breakout-- Trendline breakout and Resistance breakout. This amply describes the mood of the marketmen.
S&P 500 – Prepares for the rise to 3.000 pointsHello,
we will see a tremendous increase to 3,000 points after the correction that has just begun ends in the green tradingbox you can see in the chart above. I think that the big correction since all-time-high is done as a triangle. Since then the bulls are laying the basis for new highs: 1-2 Elliott-wave impulsive setup (these setups are the basic pattern of waves with an impulsive character).
Where we are standing?
Since the end of wave 4 (purple in brackets) the SP500 0.33% built a huge first wave (blue in brackets), which now goes into a wave 2 correction pattern. Most of the time second waves retrace the first ones by over 50%, and that’s why second waves are perfect entry-points. I think that we are going to complete wave 2 in the green box shown in the chart above. For me it’s a perfect chance to place long orders.
Where do we go?
After completion of wave 2 (blue in brackets in between the green tradingbox), we will most likely see an increase with goals beyond 3,000 points. And that's why we should prepare ourselves for this very long way.
But: If I am not right and the S&P 500 0.33% goes down under 2,588 points, then we will see new lows as shown in the chart below (then there will be other opportunities to trade the trend):
Please leave a comment or a message, if you have any questions!
Take care
tgo
S&P, ResistancePrice rose in a rising channel since February 2018 on the support of 200 DMA -- strong uptrend. At present S&P500 is at the channel top and also reached the previous high. Double Top pattern in place. Generally such a pattern indicates to a crucial inflexion point. From here price can move either of the sides. As the trend is up, there can be some consolidation happening.
Why this chart is important for Indian market? This chart has close affinity with all major international markets. This is not a trading call but an effort to understand the general mood of the trading community of the world.
Let me know what is wrong in this study. I am ready to correct my understanding accordingly.
SNP MTF know the broader picturehi guys,
with all the turkey stuff going.. 2800 is the key level in SNP.. i want to share the multiframe view of it. i will upload the image of the same you can see for yourself.
SPX Topping out?The S&P500 seems to have tested the upper channel of the bullish range. It should correct to 2450-2600 soon. Anything below 2400 would be a change of trend from bullish to bears taking charge.
Short the upper end of the range?Because my trading can not catch up, please allow me to write it briefly.
<< tactics >>
When judging that 2800.0 functioned as a resistance line, I will short.
The first limit is on MPP (R1)
The second limit is on WePP (S2)
I would be grateful if you like it idea,give me follow or agrees!
------------------------- --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- --------------------------
Has the uptrend ended?It was a story of five months ago when I made a move towards 2900.0.
Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence.
Daily
I assume that this symbol is not considered an uptrend already.
However, most recently it is likely to consider trading using a support line from Double Zero 2700.0.
<>
1) Double Zero Judged that 2700.0 functioned as a resistance line.
long entry.
The first limit is under thin horizontal line 2738.6.
The second limit is under WePP (P) 2756.0.
2) It can not be determined that double zero 2700.0 functions as a resistance line.
There is MPP (P) 2678.0 under Double Zero 2700.0, so I do not think of a short. I will observe.
Finally, WePP and MPP will be updated on Monday as weekend and monthend are approaching.
Flexible response is required.
It is a good choice not to enter if you feel difficult.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- --------------------------
Time to Turn Bearish on S&P 500? $SPX-Index hitting the upper band of the channel.
-Bearish pin bar forming today.
-MACD going to turn bearish.
Not an investment advice. Do your own due diligence.
S&P 500: Smooth Sailing From Here On OutAfter months of high volatility $SPX is finally breaking out of the symmetrical triangle pattern on the upside.
