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Sandplong

Mar 3, 22 S&P 500-R we ready to go longThis is the weekly chart and with only tomorrow left for this week, will it actually end positive for the week? And what about last week - Hammer candle? Bullish maybe? Hopefully? And this weeks candle might end off with a bullish hammer candle also(or positive?) Also, the AO is showing GREEN for this week so that's positive right? Hard to say with this war going on and it looks like there is no slowing down either - who knows how many more weeks it will last. But..... What if price will actually finally go up? This would be nice. Naturally, who knows what will happen but everything is there for price action to go up, so I guess we shall see. Any comments from any hardcore index followers as to which way the S&P will go next week?? I welcome your comments :-) Stay Safe. Heiko
FOREXCOM:SPX500Long
by HEIKOTradingSystem
4
SPX Approaching Support, Prepare For A Drop SPX is approaching its support at 2837.1 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 2958.4 (61.8% Fibonacci extension, horizontal swing low support). Stochastic (89, 5, 3) is approaching resistance where a drop could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:SPXLong
by Tickmill
S&P approaching resistance, potential drop!S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support) Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SP:SPXShort
by FlowState
1
SHORT S&P approaching resistance, potential drop!S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support) Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SP:SPXShort
by FlowState
1
Powell and trade war truce may shorten correction $ERX $TQQQAs described in my previous note on the S&P 500, there have been two major market corrections since the end of the Great Recession. They were periods of high volatility and a lot of repricing of stocks for 140 days or more. In both cases they started with: 1. A complete reset of the daily RSI ( Relative Strength Index below 20) 2. The S&P 500 holds below the 200 day MA 3. The 50bar EMA passes below the 100bar EMA They end when: 1. The S&P 500 0.54% holds above the 200 day MA 2. The daily RSI holds above 50 3. The 50bar EMA passes above the 100bar EMA The daily RSI is currently above the trend-line and above 50. The S&P 500 today will open above the 200 day MA and the 50 day EMA should cross above the 100 day EMA within three weeks assuming this new trend continues through Christmas. When I recently posted on this topic I said "Consumer confidence is high but the only way for this ship to turn around quick is for the Fed to change strategy, that will not happen." It now looks like it may happen. Additionally, Trump and Xi struck a 90 day trade war truce. Tech and energy sectors are the most beat up in recent weeks, all of these developments are bullish for these two sectors. Trade opportunities should present them selves in TQQQ and ERX .
SP:SPXLong
by blloyd
2