Sp500analysis
SPXS$4.30 double bottom could be the sweet spot or it could just fail and SP500 goes to 4000. Im watching
The Bulls love Biden! 🗳️Or do they? In an impulsive wave, the bulls manage to push above the 3550 mark. A major resistance that makes us abandon our primary expectation, as indicated in our last post. This scenario is now our alternative count, which has to be considered with a 42% probability. To further strengthen the upwards move, we need to see a quotation of 3572 and higher, plus a break out above the current all time high. If the bulls manage to deliver, the way is paved for 3800 points and higher. We are at a crossroads to see if the breakout caused by the election results will be sustainable. As long as we hold above 3500, the SP500 is set up for higher notation.
BTC/USD - SP 500 - XAU: What shall we expect now? Hello, traders!
It's been a crazy week and it's time to make a round-up on the major indices.
After passing the psychological mark of $12 000, Bitcoin started demonstrating rapid growth.
The key reasons for the growth are:
USDT emission in the total amount of +7.5 billion between September 1, 2020, and today;
a large number of open short positions that had to be closed by SL's, pushed the price even higher.
If we consider three years of Bitcoin movement, we can see how the price went into a one-week correction before continuing its growth.
The current bitcoin rally brought the price to a new trading range of $13 880 - $15 800. A similar range was formed in 2017 between the levels of $5 850 - $7 450, where the price returned later.
In the visible trading volume profile, you can clearly see the poorly traded area after $12 000, which will be filled by the price movement.
SP 500
The driver of the new round of growth in the stock market was the news about the vaccine from PFIZER. After that, liquidity began to move from fin-tech companies to the sectors of the economy that were affected worse by the Covid-19.
XAU/GOLD
Simultaneously with the growth of the stock market, participants' appetite for risk assets began to grow, which led to the dump of the gold prices by more than 100 points after securing positions in the protective asset.
So, what shall we expect now?
Based on what is written above, we can assume that the markets are preparing for a New Year's rally, which may be hampered by political instability amidst disputed election results in the United States.
Please share your thoughts on my vision in the comments below and watch out for the market!
SP500- Time to sell it?Since the election SP500 had a good run with the price rising around 10%.
The vaccine announcement brought a lot of optimists into the market but the rally was short-lived and failed to maintain gains above resistance.
It is possible for a false break to be in place and in this case SP could drop and retest the lower boundary of the range.
I'm bearish SP as long as the price stays under 3650 zone on the daily close bases and I'm looking for a good point to entry
SP500, Do this - If daily will close below levelYou will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SP500- Hanging man in resistance, a warning for bullsAfter a nice Pin Bar in support followed by a 4 days uprun is time for the "hanging man" to give us a warning...
Friday's session was dominated by NFP's volatility and I wouldn't have paid much attention to this candle if it hadn't been in resistance.
I expect 3500 zone to be a hard zone to pass by bulls and the index could fall to at least 3200 in the next 2-3 weeks.
I'm looking for selling opportunities.
SP500- I maintain my target of 3kAs I said in my previous SP500 analysis, 3500 should be a great sell zone for bears.
The index reached that zone, has reversed and now is trading just above 3250 support zone.
A small rally should be expected now and bears have a new opportunity for opening trades around 3400
I maintain my target of 3k for this index and only a new all-time high would change my perspective
SP500 2943 IS THE MAGIC NUMBER...2018 HIGHS, JUNE 2020 SUPPORTSP500 flirted with 2943 multiple times in 2018. We double topped in October 2018, sending us lower, and a year later were able to break past it (October 2019). That led us to new all time highs in February 2020.
During the Covid crash, 2943 became support. They built up momentum a bit, trapping bulls, then smashed through 2943 and reach the 2018 lows as support for the March Covid bottom.
In April-May 2020, there was a battle at 2943, and we ultimately broke through it end of May. Irrational exuberance took over and we hit the June highs before a big correction to find support at the breakout number of ... 2943!!
The next target became the February closing high, 3389. We bust through it on the first try in August, hit the September highs, and corrected down. After a fierce battle at 3389, we found support at the highs of June. We could not smash through that support on the first try. So momentum was built, trapping more bulls by passing the February high 3389 in an "attempt" to hit all time highs near 3600. The October trickle down effect completely turned into a waterfall at the former support level of 3389 (February high). Once February high support was smashed through, we found support yet again at....the June high (like we did in September).
Going forward, expect a small bullish move meeting resistance at 3389 to build momentum for a bigger smash down through the June high support to ultimately find support at ... 2943. The June low, which was the former 2018 top, where we broke out in October 2019. This is simply a retest of the breakout from 2019 on a bigger picture. After that, 3600 is not a foreign possibility before more madness in the year 2021.
The end is near! 🔚 🌍 The earth is turning against us, and it's time for us to board the spaceships leaving for Kepler-186f. Just kidding, it's not that bad!
However, we still have to expect another -15% in the S&P500 for the upcoming weeks. Our target area for the correction lies between 2900 and 2650. From there, we expect major support by the bulls and a turnaround towards higher quotations. The next hurdle the bears face on their way down is the last low at around 3200 points. This support has to be broken for a final confirmation of the correction.
What's your expectation for the upcoming weeks?
Stay save and happy trading!
SPY - Drop to $339 - $337, then Reversal in the next MondayShort to $339 - $337.
Then make a Doji at Friday on 4H Chart.
The next Monday will green :)
Disclaimer
$339 is the last ATM before pandemic.
$337 is the October Pivot Point.
SP500- rallies should be soldAs I expected, 3500 zone is strong resistance for SP500 and with this new fail it became even stronger.
I expect a drop to 3200 zone but, considering the 50% rally from March's low, I would t be surprised of a fall to 3k zone till the end of the year.
Sell rallies around 3500 could be a good strategy
SPX relation with Stocks above 200D MA,70 selling & 24 Buying I did not like this a bit. I do not no way but it seems it was quite hard to analyse !. Even though, it is the 200d MA it gave tops that are not significant at all
that's maybe one of its draw back. high opportunity cost. Or maybe it is not my day of analyzing :-). i did my best LOL.
further examination of this indicator is needed. Also, do not forget that i might missed allot of tops & bottoms :-)
wish you all the best.
S&P 500 STOCK ABOVE 100 DAY MOVING AVERAGE SECTION#TWO( 2)WEEKL Two sections of this bull cycle, with two extremes reading. Second section we've never reached above 87. First section,
surprisingly , it was quite a buying signals !!! we stayed above 87 for a longer period !!!
CONCLUSION: we have 4-8 weeks to proof this is wrong & if we do not MISS. No warries this time is different :-) we shall see :-)
wish you all the best.
S&P 500 : Will the Sun rise again tomorrow?Will the Sun rise again tomorrow?
Yes, maybe it will. It always did the other day. So it will, won't it?
SP500- A new drop to 3k zone is my ideaAfter reaching an all time high at 3600, SP corrected to 3200 zone and now is in a correction of this first leg down.
I expect rallies to be caped at 3.5k zone and a new leg down can start from there.
My target for SP in the medium term is 3k zone but with upcoming elections I would be very careful with shorting US Indice
In the Zone! 🏀The S&P500 reaches our potential turnaround area, where we expect bearish action. We do not want to see a breakout above the 3502 points, otherwise our primary expectation would be neutralised. Our target is still the region around 2900 points.
SPX'S Volume oscillator second extremes reading since 1950s week Something is in PROGRESS right now. No middle ground here or sideways . Divergence is just HUGE !! with
second deepest reading since 1950s !!!
wish you all the best.
SP500 Well... We have news today that Trump is positive.
He is always positive, so now he have a time to trade, so...
My fundamental opinion is that he and his comrades will pump the market near resistence area.
Also it depends on DXY value, but with all that printing... I'm not an optimist.
SPX Williams % & Stoch MONTHLY a CRASH confirmation tool.the same as the last study, the monthlies are hard indicators to pick up a top and different results on finding bottom.
wish you all the best
SPX & MACDs Monthly Relations 18 selling & buying singles 1980it is a dangerous indicator if you are a trading a monthly swings . It lies allot :-) . 30 % picking Tops , better than weekly in some areas and
worse than weekly in others. they are competing,weekly & monthly, who is more worse than the other ;-)
wish you all the best.
S&P 500 BROKE AND RETEST PLAY - UpdateSP 500
Has managed to broke the upside trendline yesterday.From 3212.00 level it has rejected twice and makes a minor double bottom pattern and bounced after the primary touch in lower trendline.And managed broke the upside barrier
we are expecting broke and Retest towards the lowerside support level comes around 3277.00 which is coordinating with trendline.From this level we can expect some buying activities and the potential target would be 3450.00 within this range 50% Fibonacci retracement level will act as testing ground for both the bull and bear
The bigger dissimilar falling wedge pattern has formed too which is a clear sign of bulls taking some rest to move further towards north..It's a September midterm correction as the end starts the Bull is awake and ready to bounce back towards 3600.00
USA Presidential election will Influence the direction of market we can expect unusual market volatility in coming days
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