We recently had the lack of a so-called “Santa Claus Rally,” an omission that’s historically a negative sign for stocks. And now, the S&P 500 SP:SPX -- the broadest large-cap U.S. equity index -- has developed a pattern of bearish reversal as well. Check out the SPX’s chart going back six months through Wednesday (Jan. 8): https://www.tradingview.com/x/TPooYx3U/ Readers will see that the S&P 500 developed a head-and-shoulders pattern of bearish reversal in late October and stretching into 2025, as denoted by the three purple triangles to the right of the above chart. This pattern displays a neckline/pivot point of 5,827 -- slightly above the 5,810.68 that the S&P 500 was trading at midday Friday, but even with a 23.6% Fibonacci retracement of the index’s August low to its December high. This 23.6% Fibonacci level (denoted by one of the thick blue horizontal lines at the chart’s left) makes the SPX’s 5,827 level all that much more important as a potential pivot. Pivot points typically represent where support or resistance show up for a stock or index, depending on the price action’s direction. A pivot point can also act like an accelerant or slingshot if the stock or index breaks the pivot level. Elsewhere in the above chart, readers will see that the S&P 500’s Relative Strength Index (the gray bar at the chart’s top) was neutral as of Wednesday's close. However, the index’s daily Moving average Convergence Divergence indicator -- or “MACD,” denoted by the black and gold lines and blue bars at bottom -- had repositioned itself to appear more bearish. The histogram of the index’s 9-day exponential moving average -- or “EMA,” marked with blue bars at the chart’s bottom -- was running below zero. That’s often reflective of a recent loss of upward momentum. Meanwhile, the 12-day EMA (the black line at the chart’s bottom) moved below the 26-day EMA (the gold line). That’s a historically bearish move. Additionally, the S&P 500 is undergoing what’s called a “swing traders' cross” or “mini death cross.” That’s a bearish “cross-under,” where a stock or index’s 21-day EMA (the green line in the chart above) moves below its 50-day Simple Moving Average (or “SMA,” marked with a blue line above). Where Does the S&P 500’s Chart Show Support? With Friday’s break below the above chart pattern's neckline, the S&P 500’s next key support level could be 5,605 -- the “half-way back point” or a 50% retracement of the index’s August-to-December run. (While common, 50% retracements are not true Fibonacci levels.) (At the time of writing this column, Moomoo Technologies Inc. Markets Commentator Stephen “Sarge” Guilfoyle had no positions in S&P 500 ETFs or index funds.) Indexes are unmanaged and cannot be directly invested into. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
The Russell 2000 small cap index fell sharply last month, and now traders may see risk of further downside. The first pattern on today’s chart is the series of higher highs and higher lows since December 18. Given its preceding drop, that could be viewed as a bearish flag that’s resolving to the downside. Second, short-term indicators may be viewed bearishly. MACD has been falling and the 8-day exponential moving average (EMA) is below the 21-day EMA. Third is the November 19 low of 2284. RUT probed it early this week but quickly reversed. Has old support become new resistance? Finally, you have the big picture. This benchmark is the only major index in the last year that failed to sustain new highs versus 2021. That relative weakness may be consistent with a lack of investor enthusiasm. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/ . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.61900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61900 support and resistance area. Trade safe, Joe.
High risk trade. Long term timeframe is bullish. Wedge pattern on 15min timeframe. 15% chance of success.
Bank nifty show head n sholder breakdown new target 43200
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Support is 92K, if that breaks then worst case it falls to 64k-72k range.
Short-Term Bullishness driven by the 12h Stochastic Indicator The Stoch crossover below 20 indicates short-term bullish momentum is building. This typically suggests a relief rally or bounce. Price could rally toward $95–96k, with potential extensions to $99k (the supply zone) if the momentum sustains. 12H 200 EMA and Yearly Open Retest: The 200 EMA aligns with the lower purple zone, making this level a critical support. A retest of the 12H 200 EMA would provide stronger bullish confirmation for a sustained move higher. Targets and Scenarios: First Target Zone: Rally to $95–96k to test local resistance and liquidity above the current wedge. Second Target Zone (Supply Zone): Further continuation could push the price to $99k, where significant resistance and supply lie. Daily Stochastic for Confirmation: While the 12H Stoch suggests short-term bullishness, waiting for a daily Stoch crossover below 20 provides a safer confirmation for taking intra day longs. This would align with broader bullish signals and reduce the risk of a fakeout. Strategic View: For Bulls : Look for price not to lose the yearly open ($93k) and when it's the case, bid the retest of the 12H 200 EMA ($87.4k) for an entry, targeting the supply zone near $99k. For Bears : Watch for a failure to reclaim the yearly open after the EMA retest, which could lead to further downside. This setup hinges on the Stoch momentum and reclaiming key levels for validation.
Hey there on 1HTF GBP JPY reached out our target complete As we analysis yesterday and we have possibly reached 250 pips We will share daily basis analysis of GBP JPY Good luck