Is it realistic to look for target of 6100 for S&P500 by 2024?
Target projection for S&P500 with with trendlines based on the structure of long term trend
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
SPX // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone π
For the S&P 500 Index (SPX) on the 1-hour timeframe, here are the key levels to watch:
Support Levels:
Around 4,950 to 5,0001
Resistance Levels:
Around 5,100 to 5,150
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
SPX // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone π
Here are the current support and resistance levels for the S&P 500 Index (SPX) on a 4-hour timeframe:
**Support Levels**
1. **Previous Low**: 3,940.00
2. **Fibonacci 38.2% Retracement**: 3,950.00
3. **200 SMA (Simple Moving Average)**: 3,965.00
4. **
SPX // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone π
Here are the levels for the S&P 500 (SPX) based on a 4-hour chart:
Resistance Levels:
4,120 - 4,130 (previous high)
4,140 - 4,150 (psychological level)
4,160 - 4,170 (resistance zone)
Support Levels:
4,070 - 4,080 (previous low)
4,050 - 4,060 (psych
SPX Levels Support & Resistance Support Levels:
Historical Lows: Previous significant low points where the price has found buying interest.
Psychological Levels: Round numbers or significant milestones often act as support (e.g., 4,000 or 3,500).
Moving Averages: Key moving averages, like the 50-day or 200-day, can also act as sup
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
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Frequently Asked Questions
ο»ΏUS 500 Index Cash reached its highest quote on Jul 16, 2024 β 5,673.21Β USD. See more data on the US 500 Index Cash chart.
The lowest ever quote of US 500 Index Cash is 666.80Β USD. It was reached on Mar 5, 2009. See more data on the US 500 Index Cash chart.
US 500 Index Cash 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 Index Cash futures or funds or invest in its components.