The SPX500USD on the 4-hour/6-hour timeframe is exhibiting significant bearish momentum, consistent with a short- to medium-term downtrend.
However, longer-term indicators suggest that the index is approaching critical support levels that could provide a platform for a potential rebound. The SPX500USD remains in a short-term downtrend, presenting opportunities for bearish trades near resistance levels.
However, long-term indicators suggest that the index is approaching a critical support zone that could provide a platform for a rebound.
***Traders should watch for confirmation of price action and volume at the 5,800–5,860 level before committing to long positions.
OSCILLATORS
The oscillators highlight a bearish sentiment with increasing selling pressure but suggest that the market is nearing oversold conditions, potentially setting up for a relief bounce.
MOVING AVERAGES
Short-term moving averages confirm bearish momentum, while long-term averages signal potential support and a possible reversal point.
SUPPORT & RESISTANCE LEVELS
PRICE ACTION
BEARISH SETUP (Short Positions)
BULLISH SETUP (Long Positions)
MARKET SENTIMENT
However, longer-term indicators suggest that the index is approaching critical support levels that could provide a platform for a potential rebound. The SPX500USD remains in a short-term downtrend, presenting opportunities for bearish trades near resistance levels.
However, long-term indicators suggest that the index is approaching a critical support zone that could provide a platform for a rebound.
***Traders should watch for confirmation of price action and volume at the 5,800–5,860 level before committing to long positions.
OSCILLATORS
The oscillators highlight a bearish sentiment with increasing selling pressure but suggest that the market is nearing oversold conditions, potentially setting up for a relief bounce.
- Relative Strength Index (RSI): 38.11 – Neutral, approaching oversold territory.
- Stochastic %K: 24.77 – Neutral, near oversold conditions.
- Commodity Channel Index (CCI): -102.47 – Neutral, signaling mild bearish momentum.
- Momentum (10): -75.92 – Sell, confirming bearish pressure.
- MACD: -29.63 – Sell, reflecting declining momentum and no imminent reversal signals.
- Williams Percent Range: -77.32 – Neutral, nearing oversold territory.
MOVING AVERAGES
Short-term moving averages confirm bearish momentum, while long-term averages signal potential support and a possible reversal point.
- Short-Term MAs (10, 20, 30, 50): All indicate “Sell” signals, confirming strong bearish momentum in the short to medium term.
- Long-Term MAs (200 EMA and SMA): Indicate “Buy” signals, reflecting the underlying bullish trend over the longer timeframe.
- Ichimoku Base Line: Neutral at 5,962.44.
- Volume Weighted Moving Average (VWMA): 5,959.81 – Sell, reinforcing short-term bearish sentiment.
- Hull Moving Average (HMA): 5,862.93 – Buy, indicating potential support near current price levels.
SUPPORT & RESISTANCE LEVELS
- Immediate Resistance: 5,960–6,000 (aligned with short-term moving averages).
- Major Resistance: 6,100–6,160 (upper pivot zones and psychological barrier).
- Key Support: 5,860–5,800 (aligned with Hull Moving Average and 200 EMA/SMA).
- Critical Support: 5,760 and 5,658 (historical pivot lows).
PRICE ACTION
- The index has recently tested its resistance levels near 5,960 but failed to break through, reinforcing the bearish sentiment.
- Strong selling pressure is evident in the price action, with lower highs and lower lows dominating the 4-hour chart.
- However, significant support is observed around 5,800, where the 200 EMA and SMA converge, offering potential for a bullish rebound if the level holds.
BEARISH SETUP (Short Positions)
- Entry Zone: 5,960–6,000 (resistance levels and short-term MAs).
- Stop-Loss: Above 6,010 (next major resistance).
- Target: 5,860–5,800 (first support zone), and extend to 5,760 if bearish momentum persists.
BULLISH SETUP (Long Positions)
- Entry Zone: 5,800–5,860 (key support area, aligned with 200 EMA/SMA).
- Stop-Loss: Below 5,780 (critical support break).
- Target: 5,960–6,000 (resistance levels), and extend to 6,100 if the rebound is strong.
MARKET SENTIMENT
- Short-Term: Bearish – Downtrend persists, with strong resistance at 5,960 and 6,000.
- Medium-Term: Neutral – Oversold conditions may trigger a relief rally.
- Long-Term: Bullish – The 200 EMA and SMA indicate potential for a long-term uptrend if key support levels hold.
Professor C. E. Ward
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Professor C. E. Ward
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。