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Spx500long

Ignore the noise follow the data.There is so much fear in the market right now, in the past I presented a few bullish analysis showing that we may have bottomed and a bullish megaphone pattern. In this idea, I am presenting data that goes back all the way to 1964 which tells us that the trend is up. looking at the 6month chart we can see that from 1964-1974 we had a side ways action (lost decade). Once we broke that the market went on a meteoric rise before we got rejected at the 4.618 Fibonacci but ended up rallying to the 23.1618. We then had another sideways actions from 1999 to 2009 (another lost decade) before we got rejected at the 4.618 again while the candles are very similar. Its fascinating how history can repeat it self. So to summarize from 1964-1974 we had a 23.1618 that led to the 1999-2009 lost decade. Since 2009 we are in another extension and like the last extension we are being stopped at the 4.618 extension. While there are so many narratives out there, the data does not lie and seems to point that we are only repeating history. Will we continue to the 23.1618? I believe we will. Note: the 1964-1974 and 1999-2009 where both bullish megaphone pattern. Please like this post if you find this research helpful as it take a lot of time to put together. Please do your DD as this is not a financial advice.
SP:SPXLong
by BlackisKing
9
US500 to find support at next Fibonacci retracement?US500 - Intraday - We look to Buy at 4155 (stop at 4135) Levels close to the 50% pullback level of 4170 found buyers. A Fibonacci confluence area is located at 4164. Bespoke support is located at 4150. There is scope for mild selling at the open but losses should be limited. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 4205 and 4215 Resistance: 4220 / 4230 / 4235 Support: 4168 / 4164 / 4120 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
1
SPX to find support at trend line?US500 - Intraday - We look to Buy at 4096 (stop at 4066) Posted a Bullish Outside candle on the Daily chart. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 4153. The bias remains mildly bullish but there is scope for a move in either direction at the open. Trading within a Bullish Channel formation. Further upside is expected although we prefer to set longs at our bespoke support levels at 4091, resulting in improved risk/reward. Our profit targets will be 4166 and 4186 Resistance: 4155 / 4196 / 4230 Support: 4091 / 4047 / 4018 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:SPX500USDLong
by OANDA
Bullish above last month HIGH Buy signal still valid SPX SPY SNPWith all the Doom & Gloom regarding recession worries we liked our idea even more so into Q1 close last month. So far so good however we are still very early in Q2. We remain bullish above last months high (March 2023) Seeking Pips will be managing our positions on the Weekly and Daily charts. We also note that the current price is also in a key Fib retracement zone to SELL SPX on the monthly chart so we will not be surprised to see another pullback, again we would consider adding to our core position if this happens and volatility is right. Our Bull & Bear price level is clear and as long as we above it we want to be buyers only. A failure of March 2023 Low we would have to revaluate our current thesis. Happy trading have a GREAT WEEK.! =============================================================== SUBSCRIBE TO OUR CHANNEL & FOLLOW THIS TRADE IDEA FOR UPDATES.
CBOE:SPXLong
by seekingpips
1
$SPX at consolidation pace.$SPX currently trending at consolidation paste. No strong catalyst for monday for market to pump but the momentum looks strong for bullish continuation. 1 hour & 4 hour chart the RSI at the overbought level. expect a pull back soon. for now just ride the trend. below is my price level for SPX calls and puts. Calls: buy above 4143.30 sell at 4180.26+ Puts: buy below 4068.79 sell at 4008.24 or below ================================================================= SIDE NOTE: - make sure that you setup a price alerts on those key level so you wont miss the move. and always to take your profits as you see one. - sometimes, the fist 30 minute after of the opening bell is always volatile. is either you can catch the move there. or wait for an 1 hour for better or cheaper price. - as always if you have any question feel free to leave me a comment here. if you're enjoying my ideas please don't forget to follow me or hit the like to boost the post. thank you guys and see yall soon.
SP:SPXLong
by CHRIS_B58
2
SPX - bottom in 2024 (NEW)hi traders! In September this year we have published a trading idea where we identified the Rising Broadening Wedge on SPX chart, which is a bearish pattern and we predicted more downside to come: In November we looked at the chart from a different angle and we published the idea where SPX continues the downtrend as it's getting rejected from the downsloping resistance line: Both publications are still valid and we expect those targets to be reached. Today, in this trading idea, we would like to show you something very interesting on a monthly time frame. What you can see on the chart is that: -Major trendline was acting as a support from the beginning of 2009. It's a very important support as we've never seen a monthly close below this trendline. In 2020 (COVID crash), the price faked out but eventually it closed above the trendline. -Last retest occured in March/April 2020 -We expect that the next retest of this key trendline will be in 2024 as probably the recession will get worse in 2023 . On the other hand, we don't expect such a huge drop like in 2008 /2009 when SPX dropped 57 %. False breakout below the trendline may occur like in 2020 but we believe that a monthly close will be above this major trendline. 2023 and 2024 will be a great time to accumulate stocks (and crypto) at huge discounts. The opportunity will present itself but it's not there yet. Patience is the key. Do you agree? Will the trendline hold this time? Or maybe you think that SPX won't retest it in 2023/24 and SPX has already bottomed out? Share your opinion in the comment section!
SP:SPXShort
by vf_investment
3