SPX LONG ZONEPress the Follow button for More Daily Detailed analysis. If you have any Questions, Please ask them in the comments section below.
After Fridays Jobs News we are looking to RE long the SPX. Despite the lack of news events this Monday we are going to be looking to get long on further small dips like the one we have the opportunity to take now..
We can use our Lower TF’s for accurate entry. Currently the SPX is resting at comfortable support and is showing Price Rejection Zones. This gives us a further long bias.
Look to exit ultimately at the eclipse symbol area.
Spx500long
SPX Looking Long again..Press the Follow Button to get More of my Daily Detailed Analysis. Also, if you do have any questions, please ask them in the comments section..
After exiting our short trades we have fallen to our desired support area as shown previously. This was a strong move off from some Strong Resistance.
We can look long to the upside back towards our previous sell area. This is because when we exit a long we are Basically going short at the exact same amount of contract/Size. It is important to note this as it often confuses Traders. You must EXIT once you reach a desired SELL area. It is basics...
Exit at the eclipse symbol area.
SPX RE long Zone..For More Daily Detailed Analysis, Go ahead and click on the follow button. Also please do ask any Questions should you have them,
Here we have our SPX chart. News out today may see a change in price and hopefully a push in the market, after this morning's market boredom!
Latest market sentiment has flattened out current price action, although we have still seen targets hit on a gradual upmove..
We are looking to RE long the dip for a move up and a continuation of the current upmove, after the previous large fall.
Exit at the eclipse symbol area.
SPX RE long again..For More Daily Detailed Analysis, Go ahead and click on the follow button. Also please do ask any Questions should you have them,
Here we have our SPX daily chart.
After closing out our long trades and getting short, we are back at our long zone. We can now look for a further move up back towards our Key MA's and some resistance.
Remember we are looking long because we are seeing BIAS to the upside based on Previous price action.
Look to exit at the eclipse symbol area.
S&P 500 - Elliott WavesElliot waves identified in the S&P500 daily chart with support in the marked area. Possible long entry with resistance in the marked zone. The Second target is the lower boundary of the long-term trend channel.
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🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns.
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SPX is about to reverse, wave 5 of C is almost completed.Hi everyone, SPX is about to complet the C wave inside this Zig Zag ABC. Max wave 5 target (the 261.8%) fib is at 4500. It's a very clean pattern, impulse down in A, ABC in B and impulse down in C on the 100% fib. SPX is already diverging (bullish Divergence Class A on the RSI).
The big question is what's next...?
It can be 2 things now, a new higher high or the beginning of a WXY in what i think can be a Cycle Wave 4 retracement.
Where this Wave 4 can go ? At least to 3935 in the 0.24 fib from our last wave 2 we made in March 2009. But in between 0.3 and 0.5 more common (probable).
Best to you !! Thanks for your comments !
SPX room to rise..For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them.
After the Recent fall on the SPX, followed by the predicted rise we exit the market on the long side.
After the newly created dip on our lower timeframes, we can RE enter long to catch more gains.
Exit at the eclipse symbol area.
S&P 500 (SPX) | Bulls are BackS&P 500 (SPX) has been in bullish trend since March of 2020. It has been following bullish parallel channel by heart.
Recently it has broken the trendline but found a good support at Fib Level 0.236.
We are expecting bulls to be active again as they were little tired with almost 2 years of trend.
This support zone will be important level and bounce is expected from here to atleast recent high and if broken to ALL TIME HIGHS.
Trade your levels accordingly.
Don't forget to share your valuable feedback in comment section.
Check our other Forex and Crypto Setup on Profile.
SPX RE long PlanFor more Daily Detailed Analysis, Please go ahead and click on the follow button. Also, should you have any questions at all, feel free to ask them!
After exiting our previous longs on the first push, we are looking again to get long at comfortable support areas. Remember, we like to see a dip back before we go long if we are planning to reach a longer target.
Also remember you can exit partially and Re buy such dips as they occur. It does not have to be ONE trade every time.
The current Support area gives us our Long BIAS amongst the low Stochastic oscillator.
Exit at the eclipse symbol area.
SPX news PLAN.For more Daily Detailed analysis, go ahead and click on the follow button. If you have any questions, please do ask them!
As we have seen the US Rate hiking reports, mixed with current Poor sentiment with global news has caused the SPX and other major markets to be spooked.
We are looking to get long on the SPX and take advantage of lower prices. We buy low and we sell high for a gain.
As price falls it reaches comfortable support/Technical areas. These consist of strong price action and are often accompanied by key support areas.
look for exit at the eclipse symbol area. Updates for RE longing will follow.
SPX falling To riseFor more Daily Detailed Analysis, Go ahead and click on the follow button. Also if you have any questions, please do ask them!
Here we have our SPX chart. Current news has shocked markets amid a Tech sell off as well as remaining inflation fears. This has caused stockmarkets to drip and provides room to get long..
On this fall in Price we are entering new long zones. This is because the price is getting much lower and fast. however, It is advised to wait for a change in direction before entering when catching knives.
Remember to make your positions small also. We are falling to older comfortable support levels/ Price action levels on higher TF's, we are also nearing the 200 MA on our 1H chart..
Look to start to get long when it is appropriate and exit around the eclipse symbol area.
SPX - TRADING PLANLooking at the 4hr SPX500USD chart I have found a couple of price levels where price may reach for and target before hitting the 5000 mark.
We see price has been consolidating for some time now and making volatile moves both up and down. This has created and left liquidity pools which I believe should and could be reached for. The dashed trendlines showcase the areas where there is liquidity sitting and are also in places where I have identified an inefficiency.
Thus, I believe price could come down even more and target these before moving up strongly and quickly.
Another confirmation of another move and down here is the head and shoulders pattern formed by the market.
Although I anticipate a drop in the market, I will not be selling until I see a valid setup and will mainly be focused on securing the buy.
There are 3 potential trade ideas here. The first one has a more aggressive stop loss to maintain a good risk to reward while the 2nd one has the same entry but a more conservative stop loss.
The 3rd entry is very deep into the retracement and may not be filled hence the earlier entries.
I personally will be placing 1% risk on the first, 0.5% on the second and 1% on the third; giving us a maximum of 2.5% loss.
The black horizontal lines represent my take profit areas.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
SPX looking longFor more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them!
After hitting our short side targets we are looking to flip long. This is because we are reaching previous key PA zones and comfortable support.
Exit is at higher eclipse symbol on the long side.
SPY Super Predictable.Hello Traders,
It's been awhile since I've shared with the class, so I figured I'd give a little Christmas treat.
In Dec., SPY has been extremely predictable so far. Those trendlines (the 2 red and 2 long green and blue), those were drawn around the 6th. As you can see, the PA has been very true to the trend.
Now, this is where it gets a little more exciting. IF TODAY CLOSES ABOVE THE NECKLINE, which happens to be the trendline, or one of the upcoming days... There is a potential IH&S (inverse head & shoulders aka H&S bottom).
I realize that is a little tight with that right shoulder only a point or so away from the bottom of the head, but technically it still applies. Since it is I would guess that this means there could be more Throwback (moves down before up) and this would hurt post breakout performance.
Note: this IHS could totally wipe since it's unconfirmed so far. Also, the target is not a prediction of date, could happen sooner, could happen later. The other wrench is the throwback, if we see a lot of it, the target will significantly be reduced. Even if we decide it's not going to be a IHS it's still an (Eve & Adam) double bottom with a fast reversal on the Adam side, so bullish either way.
With all that said, I think we are looking at a nice little melt up to end the year and pending any crazy news, we should also have a pretty bullish January. So move all of your doomsday predictions out at least a month bears.
Good luck and Merry Christmas.
Sincerely,
Mike
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S&P500 INDEX - ATH is comingHello friends.
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Everything on the chart.
I'm waiting for an upward movement from the current ones or through ~4650.
TP: 4850 and 5000
cancellation of growth, consolidation below 4500
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
SPX long at MA's.don't forget to click on the follow button for more daily detailed analysis. Please do also ask any questions should you have them,
Here is our SPX chart.
We are still long after the fall. Price is low and we are looking for market sentiment to drive our trades.
Resting at Key support + MA's. Price action confirms entry.
Exit NOTED by eclipse symbol.