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US500.F trade ideas

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 !!!
CBOE:SPX
by kbr9121965
S & P 500 INDEX HOURLY GANN ANALYSIS ON 02 FEB 2024 AT 6:29 ISTS&P 500 Index made an ATH at 4931.09 at 1:30 on 31 Jan 2024. Thereafter has fallen to the cluster zone support at 4836.40 and 4845.04. Actual low was at 4845.49 at 1:30 IST on 01 Feb 2024.We saw consolidation at the same cluster zone on 2223 Jan 2024. Currently trading at 4906.19 at 6:34 IST on 02 Feb 2024. Gann students know the important of Big Round Number BRN of 4900. Price and Time to watch will be 4900 level and 04 Feb 2024 as per Gan theory for swing trades. 4850 level is Time support level for the Index. High of 4906.69 to be watched for further clues made at 21:30 IST on 26 Jan 2024. This level may be used for your trading bias. On chart major level to be watched is 4898.11 as support below which trend is down.
CBOE:SPX
by kbr9121965
SP500 WEEKLY GANN LEVELS CHART 23/01/2024 EODSP500 weekly Gann levels have worked beautifully till now. 75% level was 4695.83 worked as weekly support with one week against the trend which was up. Recent weekly low was 4682.11. Note 18 Dec 2023 low was 4697.82 above which were back in the game for further upside. Again the level of 75% was or guide to go long at 4695.83. Above this level we had a target of 4794.51 next Gann level with recent swing high as our guide at 4751.99. We cleared it in the weekly after hitting high of 4802.40. The level of 4794.51 is the price death zone so profit booking was expected at it. We retraced down to make low of 4714.82. Note that this was third weekly higher low of the crrent trend which is a strong buying point as per W. D. Gann Theory. Traders were rewarded with new all time highs if they were buyers at this level. Next target see on chart was 4843.84 which was achieved with high of 4842.07(miss of 2 points against Gann's Lost Motion of 3 points). We got contination of trend with a gap this week at 4853.42. Now note the low of this week candle which is 4844.05 near or level of 4843.84 ( a miss of 0.21 points). New all time high of 4868.41 with highest all time close on index at 4864.40. Or nrxt Target to watch on chart 4893.18 near an important level of 4900 in Gann Theory. It wold be interesting to watch the index behaviour at this level. Let the trend be your guide. Happy Trading !!!
CBOE:SPX
by kbr9121965
Bulls Getting Lethargic,At Risk of a Minor Corrective DeclineUS SPX 500: Bulls Getting Lethargic, and At Risk of a Minor Corrective Decline The US 10-year Treasury yield has pierced above 4.06% & its 200-day moving average; a sign that recent easing liquidity conditions have started to abate. A 3-year low seen in the implied correlation among S&P 500 constituents may trigger an imminent spike in the VIX. The S&P 500 is now at risk of forming a short-term top below 4,820 resistance. After stellar Q4 quarterly and 2023 annual performances of 11.24% and 24.23% respectively, the US S&P 500 has started 2024 on a lacklustre footing, in the past two and half weeks, it has recorded an accumulated loss of -0.64% at this time of the writing after missing just a whisker to retest its all-time high of 4,818 set on 4 January 2022 with an intraday high of 4,802 printed on last Friday, 12 January 2024. In the past week, the prior bullish tone seen in Q4 2023 for the other major US stock indices has also tapered off; with current 2024 year-to-date losses seen in the Nasdaq 100 (-0.53%), Dow Jones Industrial Average (-1.12%), and Russell 2000 (-5.62%). The primary driver that caused the current state of lethargic behaviour seen in the US stock indices has been a snap-back of the major easing liquidity conditions that have taken form since late October 2023. Several Federal Reserve officials have attempted to “talk down” the current state of optimism being priced by the interest rates futures market on the magnitude and pace of the expected Fed funds rate cut cycle in 2024. In the past two months, a chance of 70% to 80% was being priced by market participants for the first rate cut of 25 basis points to be enacted on the 20 March FOMC, these odds have been reduced to 59% as of yesterday, 17 January based on data from the CME FedWatch Tool. Also, yesterday’s upbeat US retail sales data release for December that beat expectations (5% y/y vs. 4% y/y consensus) has trimmed off some of the prior frothy dovish expectations on the pace of the projected US interest rate cut cycle for 2024.
OANDA:SPX500USD
by Claramellorforex