SPX forecast An ABC corrective Elliot wave estimate. I think the weekly close would give enough time to make everyone bearish while doing their weekend analysis. They might pull back to B and C will give the final blow
SP500 : Bearish : Cycles pattern : Watch out!Look carefully at April 2005, October 2007 and Today. A "Sell Off" of 20% took place. History does not usually repeat itself, but in trading the phenomenon of cyclicals exists. It's just AMAZING! What do you think?!
In addition, the levels indicated are achievable in the medium term, 2-3 months;
I
SPX // Levels // 30 min "Welcome to SkyTradingZone "
Hello Everyone π
As of September 10, 2024, the S&P 500 Index (SPX) opened at 5,442.07 with a 52-week range of 4,103.78β5,669.67.
Here's some related information about the S&P 500 Index:
Mini-SPX Index: This index is based on 1/10th of the value of the S&P 500 Ind
S&P 500 Index showing 15% upside possibility in next 4-5 months.S&P 500 Index showing 15% upside possibility in next 4-5 months.
Daily CUP & Handle Pattern formation in Progress. Post breakout we can see good upmove to progress.
We are going to see new Highs formation in Global markets soon.
Happy Investing.
S&P 500 Index Weekly Technical Chart Analysis 09-13 Sept., 24π S&P 500 Index Weekly Technical Chart Analysis
π
Date: 09-13 Sept., 2024
π Range Trigger Point: 5393
π Weekly Range: 270
π’ Buy Above: 5553
πΌ Average Position: 5521
π― Buy Target 1: 5560
π― Buy Target 2: 5663
π΅ Stoploss: 5463
π΄ Sell Below: 5489
π― Sell Target 1: 5226
π― Sell Target 2: 5123
π΅ Stoploss
S&P 500 Chart Update - SPX is currently trading at 5394
- We saw SPX printing major bearish candles
- SPX can go lower and we can easily see it making new lows
- CPI and FOMC rate decision on radar to flip this bearish bias
- Stock markets have crashed a lot this week expecting a dead cat bounce to trigger further se
SPX -Daily - near Fib -supportSPX -Daily - near support
SPX near support at fib -0.38% which is 5396.
Closing below 5396 can test 5312(0.50%)
S&P 500 DAILY GANN ANGLE CHART 07 SEPTEMBER 2024Daily chart with Gann Angles shown. Swing high squared from 28 May 2024. Gann date was 27 May 2024. Break of Gann Angle was important.5400 seems important with the line in the sand.
SPX Levels // 45 MinHello Everyone π
Support Levels:
First Support: 4,500
Second Support: 4,480
Third Support: 4,460
Resistance Levels:
First Resistance: 4,520
Second Resistance: 4,540
Third Resistance: 4,560
These levels are derived from technical analysis and can help identify potential entry and exit points for tr
S&P Analysis 24-Aug-2024: Bull or Bear?S&P Analysis 24-Aug-2024: Bull or Bear?
CMP: 5634.45
RESISTANCE: 5678
SUPPORT: 5555
As long as 5555 holds support, we can see 5780-5880
Further 6000-6200 (ultimate target).
Below 5555, bearish.
See all ideasΒ
Frequently Asked Questions
ο»ΏUS 500 reached its highest quote on Jul 16, 2024 β 5,669.8Β USD. See more data on the US 500 chart.
The lowest ever quote of US 500 is 1,833.6Β USD. It was reached on Feb 12, 2016. See more data on the US 500 chart.
US 500 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 US 500 futures or funds or invest in its components.