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Snp500

Yesterday's FOMC: Reality Sets in for StocksReality crashed the party with stocks yesterday, as we have been predicting here. The FOMC event was still quite hawkish despite the market's anticipation that we would see some softening in rhetoric. This caused stocks to tank yesterday, with the S&P 500 falling through multiple levels to find support at 3758. European equities have softened which could portend another dump for the NAM session today. Additionally, eyes are on the BoE and we will see if their outlook matches that of the Fed. If we fall further, we could find support in the upper 3600's, with 3645 a likely floor. A rally will have to claw back through multiple levels. We don't see a rally strong enough to break through 3909 any time soon. The Kovach OBV is still very bearish, and it will likely take a few days for the market to price in the Fed's decision.
FX:SPX500Short
by quantguy
Stocks Retrace From HighsStock indexes have pulled back from highs with stronger than expected construction and PMI data putting a damper on the markets' hopes that the Fed will taper their hawkish stance. These hopes were never really justified in the first place, so it was only a matter of time before reality set in. The S&P 500 inched above our level at 3909 and then fell back to support around 3848. We anticipate further support at 3792. The Kovach OBV has slumped so it is possible we may see some ranging here as stocks seek direction. If we can break out the next target is 3963.
FX:SPX500Short
by quantguy
3
S&P 500 E-mini FuturesSupply and Demand Supply and Demand is one of the core strategies used in trading. It focuses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone ), driving the price up, or where supply overwhelms demand (the supply zone ), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major buying or selling activities have taken place, before entering a long or short position themselves. I MOSTLY DO DAY TRADE BASED ON THESE ZONES. THE TIME FRAME I PREFER IS 2 MIN AND 5MIN TO TRADE THESE ZONES.
CME_MINI:ES1!
by bilalcista
SPY does not look very much better... So, October ended with Halloween, and its time to update the outlook for the longer term on the SPY Monthly chart. October underwhelmed September, but it still closed on a bullish candle nontheless. So might we be expecting a follow through bounce? I think the jury is still out... and a lot pivots on what action is taken by the FOMC, as well as its outlook. Bigger than that, zooming out to see the larger picture, a little unsettling was something eye catching - that there might have been a time in the not so far past that looked technically similar. The monthly chart have the two time lines drawn (white dotted vertical line). Back in August 2008, while 2008 presented as a pretty bad most of the year at that point (as it did similarly in 2022), there was a sense of optimism in the air just then, despite the monthly MACD (and MACD Signal) crossing down below zero. Then the next month saw all hell break loose. The technical picture then (simplistically) appeared to have broken a supporting up trend line, had MACD and MACD Signal lines cross down below zero, and the Volume Divergence cross down its moving average. Similarly, albeit on a larger scale, the technical outlook appears to be repeated on an amplified scale here. Presuming that the technicals uncannily unfold similar outcome, then by projection, the downside target could be the last major low... targeted about 200 on the SPY. Yes, about half of what it is just now. That is quite severe. In consolation, thus far, it appears that the projections point to a likelihood of 325-330 for the time being as previously assessed. However, if a series of black swans start to go off... then maybe, just maybe, this post will remind of where the SPY might be heading.
AMEX:SPY
by Auguraltrader
Stocks Edge Higher, Looking WeakStocks have crept up, after rejecting highs at 3909. We had a brief retracement yesterday, which quickly found support and the S&P 500 was able to tick up past 3909, making a new relative high albeit barely. Several red triangles on the KRI suggest that we are running into stiff resistance at these levels. The Kovach OBV has slumped, so we will see if we have enough momentum to break out. If so, 3963 is the next target. If not, then 3792 should be considered a floor price.
FX:SPX500Short
by quantguy
1
Stocks Continue to GainThe S&P 500 has edged higher, after a brief retracement from 3887. We seemed to reject this level but found support just above our level at 3758. Dedicated readers will remember that we anticipated support here in previous reports. From there we pivoted nicely and broke through the previous high of 3887 to reach our target of 3909. The Kovach OBV is climbing steadily so we will see if this rally can continue. If we can break through 3909 the next target is 3963. If we retrace, then 3758 should hold as a floor.
FX:SPX500Short
by quantguy
2
S&P 500 RalliesThe S&P 500 has shrugged off Amazon losses, pivoting just above our level at 3758. Amazon has given up $trillion status as weak holiday spending as forecasts project the weakest holiday sales growth quarter ever. We will see if stocks can continue to rally, as a red triangle on the KRI is confirming resistance at current levels. The price action is rounding off and the Kovach OBV has slumped. If we continue to rally, we will face resistance from 3887, and 3909, the latter corresponding to a relative high. If we retrace, anticipate support at 3758 again.
FX:SPX500Short
by quantguy
S&P 500 E-mini Futures, Short StrategyHere's a possible short strategy based on S&P 500 E-mini Futures daily chart. Based on previous price movements I would enter a short position. Await first for confirmation, then enter a position. Keep your stop loss somewhere above the upper channel. Target 1 - $3690 Target 2 - $3590 Target 3 - $3500 ------------------ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like me to analyze next. Trade safely! ------------------
CME_MINI:ES1!Short
by Droz_TA
APE / USDT, Falling wedge, potential breakout??Here's an analysis of APE / USDT, daily chart. APE is looking very solid, with a falling wedge formation, which anytime could break out. Keep an eye on volume - which at the moment is underwhelming - if it picks up we can have a solid breakout move. A possible strategy: Wait for a long breakout confirmation around $5 Target 1: $5.4 (7.5% potential gain) Target 2: $5.8 (16% potential gain) Target 3: $6.4 (27% potential gain) ------------------ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like me to analyze next. Trade safely! ------------------ About APECOIN: "ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3. ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders." Source: Coinmarketcap.com
by Droz_TA
The market is ready to turn, will it?Analysis of the spx 500 index 10/27/22 Today we are here to talk about the SPX 500 index. And so let's see what happened to the index over the past day. What's on the market now: Today the index is trading at 3830. Yesterday we saw a stabilization in motion and a decline in the market, as I mentioned earlier idea link below. In the near future, I expect an attempt to develop a correction. Today I expect that the market will continue to develop a correction and reach its bottom at 3780-3750. However, if this attempt is broken, then the market will continue its growth, where you need to look for places to open short positions from the level of 3970. What I'm looking forward to today: Today, I continue to expect the beginning of a correction and an attempt by the market to go down to the level of 3750. However, the market also has the possibility of a sharp fall in the index, so long positions are prohibited. Here are my trading recommendations for today. What I recommend If you want to go short: Short positions are possible from 3950 which would be a perfect place to sell this week, limit your losses. If you want to go long: Long positions are prohibited, limit your losses. If you are out of the market: Long positions are possible from the level of 3750, but it is risky. If you want to open a short position, then it is better to do it from the level of 3970, limit your losses. Also remember to contact me in 2 or 3 days for further trading advice. Subscribe to my channel and you will always be aware of the movement of the S&P 500 index. Press your thumbs up. This will give me more motivation. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
1
Stocks Edge Higher Despite Earnings MalaiseStocks have rounded off, but still edge higher despite disappointing Microsoft guidance , Meta malaise, and general tech sector weakness. Goldman Sachs is bullish on a recovery for Microsoft, and it is one of the only AAA rated companies on the planet. These facts have weighed on the indexes, but have not contributed to much of a sell off yet. If earnings continue to come in weak, then it is difficult to image that this rally will continue. Technically, we are very close to our next target of 3909 where we will likely face resistance as it is a relative high. The Kovach OBV is still edging up, but does appear to be showing signs of leveling off. Expect support at 3792 if so. We should see further support at 3758.
FX:SPX500Short
by quantguy
Will the market go down or up tommrow ?Will the market go up or down tommrow. What do you think based on chart I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at. So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
AMEX:SPYShort
by Composed_Trader
Stocks Rally! Is this Just Exhuberance?The S&P 500 has rallied off increased expecatations of a Fed tapering after housing price data came in negative. Additionally, Coca-Cola and GM posted earnings results yesterday suggesting that there is hope for some companies feared to be hit by inflation. Be careful trading this, as the markets have been fooled before, and we will need to wait for forward guidance from Fed speakers before any rally is confirmed. The Kovach OBV is climbing steadily, and we have reached our target of 3849, with 3909 the next major level and next target. If we reject current levels, 3792 or 3758 could provide support.
FX:SPX500Long
by quantguy
Stocks Attempt Hihger LevelsStocks have continued to edge higher, though they are looking quite weak. We were able to break past 3792, but the very next level at 3810 is providing significant resistance. The price action rounding off, and red triangles on the KRI are confirming resistance. Additionally, the news sentiment remains bearish, so at some point we are likely to face a swift rejection of current levels. However, the Kovach OBV is still strong. If we are able to break out, then 3849 is a reasonable target with 3909 a likely ceiling. We should start to see some support at 3758 if we retrace.
FX:SPX500Short
by quantguy
Actual levels for opening short positions 3860-3950.Analysis of the spx 500 index 10/25/22 Today we are here to talk about the SPX 500 index. And so let's see what happened to the index over the past day. What's on the market now: Today the index is trading at the level of 3797. Over the past trading day, we saw an increase in the index, without any attempt at correction. Today I expect the market to peak at 3860, where the correction will begin. If a slight correction starts today, then its bottom can be expected at the level of 3730. However, if this attempt is broken, then the market will continue its growth. Where you need to look for places to open short positions from the level 3860. What I'm looking forward to today: At the open today, I expect the market to try to drop again to the 3743 - 3715 level. However, if this attempt is broken, then the market will continue its growth to the 3860 level. Here are my trading recommendations for today. What I recommend If you want to go short: Short positions are possible from level 1 - 3860, level 2 - 3950 this would be an ideal place to sell this week, limit your losses. If you want to go long: Long positions are possible from the level of 3652. If you are out of the market: Long positions are possible from the level of 3652. Limit your losses. If you want to open a short position, it is better to do it from the level of 3860-3975, limit your losses. Also remember to contact me in 2 or 3 days for further trading advice. Subscribe to me and you will always be aware of the movement of the spx 500 index. If you'd like to help me promote my content, please hit the boost. See you next time! bye!
SP:SPXShort
by kvatoo_FX
3
SNP500 Mid-Term Short ExpectationDON'T FORGET TO LIKE (BOOST) This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF (IS THE KING) - ETC
UShort
by SmartMoneySource
Stocks Face HeadwindsDespite plenty of negative sentiment in the news and a week packed with data, including the Fed's redbook and housing price indexes on Tuesday, GDP on Thursday and PCE on Friday. We hit a high of 3792. We tweeted on Sunday night that this small rally was likely to be short lived and sure enough we are seeing a pull back. The APAC markets are selling dramatically , as investors are worried about Asia's economic future. This is likely to bleed into the US markets as well. If so, we could see support at 3645 again. We expect resistance at 3792 to hold but if not, 3909 is the next target.
FX:SPX500Short
by quantguy
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD - NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. But because the MARKET RISK was ON in the previous few days, COMMODITIES also went UP very fast. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week. For that, the influence of USD was very strong. Fomc update also affected it strongly this time. - Thus, COMMODITIES are being BUY quite fast. It also affects the NZD very strongly. - Anyway, NZDUSD can sell further until it reaches 0.5654 LEVEL.. After that, it can go up to 0.5875 LEVEL. After that, you can break the TREND LINE and move to the NZDUSD 0.5425 LEVEL. Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
by benny_marshall
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - EURJPY currently has an UPSIDE BIAS. With JPY UP, XXXJPY CURRENCIES are selling very fast right now. The reason is that a JPY INTERVENTION took place on Friday. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going UP, currently XXXJPY CURRENCIES are BUYING fast with JPY WEAKNESS. Perhaps the EURJPY 149.69 LEVEL can be reached and BUY higher. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can SELL at 144.707 LEVEL before BUY. If the MAIN STRUCTURE is BREAK, it should be SELL at 139.686 LEVEL.
by benny_marshall
SNP500 Short Term Short Idea!Help me keep on posting by clicking on BOOST! (it's like "liking") This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF (IS THE KING) - ETC
UShort
by SmartMoneySource
2
SPY on a sustained bounce?Last week's SPY action was again interesting, in another new way. But before getting into the details, what is not shown here is the Monthly SPY chart, and in that chart, October is the Perfected TD Sequential 9th candle of the Buy Setup. This suggests that within the next three months, a TD Flip (in the form of a shorter term uptrend) and Sequential is an increasing probability. the SPY is also around the Monthly 55EMA (indicated by the purple support line), which has been tested at least once in the last couple of months. The SPY Weekly chart shows the extended 8th candle of the TD Sequential with a long lower tail, and last week's candle broke the TD Sequential Setup with the start of an opposing candle. It had bounced off the Monthly 55EMA level, and candlestick formation suggest that an uptrend attempt is underway. While there is a lack of a weekly higher low, there is a slight MACD bullish divergence noted. Therefore, this bounce rally just might have some legs. The daily chart is a bit messy, as it accentuates the situation where a second attempt to rally up with a new TD Sequential Setup is met with many resistances. Favourable to the upside, having closed two gap up and reopened one gap down (Thursday's post), Friday's closing week action reversed the week's expected outlook, and with style in the form of a relatively solid bullish candle. MACD is supportive of the price action, and 380 is the next confluence of resistance that needs to be overcome. Noted that the downtrend pattern appears to have deviated, so one of three things is likely: 1. The downtrend is broken, resistance will be met and broken too, and a trend reversal should be in effect; 2. The resistances will hold at a out 380, and a reversal would happen to bring a lower low; and 3. A sudden event reverses and reinstates a strong move to the downside target. Right now, I am just watching this deviation as it continues to surprise in its development... nothing explicit at this point, so maybe a (real) walk in the park just might be needed.
AMEX:SPY
by Auguraltrader