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#spoos

$SPX - What's next?$SPX - What's next? Important data coming out this week out of US as well as Powell tonight it would be a surprise if he's dovish I'd personally like a pull back in US indices and to get back in long, this principle is validated with metals as well, let's not forget NFP... As the market is forward looking, we have seen DXY decline as rates will be declining in the future as the recession heads further, the data is establishing weaker in certain areas. However, technically we are at a key area, do we pull back or do we extend further to the downside. AUD as china may open may benefit AUD - Keep a key eye as well as confluence of Indices and precious metals. The key pairs I am looking into going overall: DXY EUR YEN AUD XAU SPX DAX Looking for pull backs to go back into the trend at suitable levels matching my trade plan! Medium term positioning. All the best, Trade Journal
SP:SPX
by Trade_Journal
4
SP500 path and directionHello everyone Sp500 started a uptrend channel in April however in SEP we broke this uptrend channel but SP500 found support on the blue trend line and price went back to test the previous Uptrend channel Price respected the uptrend channel resulting a doji candle that means the previous channel is acting as resistance now Or price could get back into the channel Or we could chop in this zone between blue trend line and previous uptrend channel However any close below this blue trend line we are heading to demand zone below and also to test the purple broken downtrend line feel free to ask me anything :) and good luck Note :I see a inverted head and shoulder so far
U
by Abu-Sushi
SPX pulling back for an all time high. Target 3250+ The S&P500 has had high after high over the past few weeks after breaking out of the 3025-3030 all-time high. The index has moved nearly 4% off the new highs. From here we've seen the beginning of the first red week or reversal in 6 weeks of straight gains. It's healthy for the market to pull back slightly before breaking higher. No one wants to buy a top and that is why the volume died out near the top, which caused a sell-off. There is big money waiting below for another rally. Low-interest rates allow cheaper borrowing, stock buybacks helped assets rally and the new Quantitative Easing 4 from the Fed will all help the market continue to chug along for the next few months. However, before that we can expect a retrace. The Fib level extension is based on the impulse that brought the price to a new high. We expect the broken all-time high at 3030 or so to hold support before we get a new all-time move into 3250.
TVC:SPXLong
by TRADEPROAcademy
1 ES to play this bounce - All or nothingEntered with 1 ES contract today after market close. Initiated at 2600, stop 2571, target 2700. Playing for a 5-day bounce hoping that selling exhasted on the NY session. Fundamentals: Good macro data all over the place, earnings beats, steady investor inflows, and a nice reset to P/E ratios courtesy of the -10% correction we've just experienced. Technicals: Daily oversold (RSI) and daily lower BB. 200-day MA was tagged and a strong bid (buybacks, allegedly) emerged from there. I'm playing game theory and guessing that the smart money thinks the same and it's holding; just need retail to take a dip and the algos to ignite momo and here we gooo to 2700! Riskiest trade to date. God help me. Feedback is welcome.
FX:SPX500Long
by Daniel_Urdaneta