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here is the topic with tech analysis of biggest American index SP500. 

here is mine.

D1. W1.   Bearish close around 3014 below weekly and monthly open (3054, 3026) may suggest next week target around 2944-2922 or lower 2850. 
Quarlterly SP500 is still positive so next week will be decisive because the quarter and month ends , big players are rebalancing positions..  
the second scenario is range bound market and the price will get back to wide consolidation (if price will back above 3026 level)



Linkback: https://www.forex.zone/technical/11/sandp-500/3139/
#1 - June 27, 2020, 06:33:35 PM
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this is information from Twitter about positions which bigger players have. (it is still technical analysis but by numbers)
Bloomberg CFTC SP500 net Commecial Futures Positions:
-last week's SP500 change by "Commercial Traders" +195713 contracts (+29Billions USD)

so from this information which is public in CFTC report they're adding to long positions... we will see next week.

here is the chart.. 
#2 - June 27, 2020, 07:07:31 PM
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here is also technical chart from Citi Bank which visualize panic euphoria indicator. It is just sentiment amongst Citi bank clients . Too high euphoria means that market could reach a top , too big panic (low levels) would suggest potential bottom.. For now when SP 500 is on monthly lows i think euphoria doesn't suggest nothing special.. maybe only this that price can be lower ..
#3 - June 27, 2020, 07:35:06 PM
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here are market profile levels. Chart shows big levels for the week ahead. actually these are zones..
#4 - June 28, 2020, 12:32:07 AM
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so the buyers similar to Nasdaq 100 are holding SP500  and buying every dip. 3060 now is the key for further upside , monthly open at 3026 still holding .  end of the US session was very strong in volumes traded (around + 1.4 Billion USD buy) . so we will see . technical levels to the upside and downside are located at every 50 point (same as previous week). 
#5 - June 29, 2020, 09:35:44 PM
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SP500 is fighting for a positive month and quarter close , for now it looks pretty strong , buyers from yesterday
today reaccumulated long positions around 3040 and now reached 3082 which is area of last Friday's highs. next target is 3100.
#6 - June 30, 2020, 07:25:14 PM
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« Last Edit: June 30, 2020, 10:18:54 PM by Mikser »

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3100 broken, now it is short term support , lower critical level 3080. SP500 closed strong quarter but not so strong month so we will see how it will go next week. 

#7 - July 05, 2020, 03:41:52 PM
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here is a seasonal Sp500 chart  based on 70 years , July overall looks bullish.

#8 - July 05, 2020, 05:28:22 PM
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SP500 current crazy action in few words..


Three days wide consolidation above major levels like monthly open and weekly open . major level for short term direction is 3147 . Selling below , buying above. Friday can be non trend day too. 
#9 - July 09, 2020, 09:25:03 PM
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SP500

Strong bullish end of the week. After few days of wide consolidation prices have rose to weekly highs , touching the weekly open of the most bearish week from the beginning of June. Now 3190 is key level for further upside move. Staying above 3190 suggest that prices can to 3220-80 . second scenario is that Sp500 will get back to the wide consolidation with key level at 3147.
#10 - July 11, 2020, 04:11:34 PM
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SP500

short technical view:

strong rejection from the upside resistance this week . Almost 3300 high but the market went below 3225 (weekly open) and now we have bearish pinbar on the weekly chart. 
Other technical important levels are 3180-190 for buyers. Below this levels sellers can take more control over this market and test 3100 or lower.  
#11 - July 24, 2020, 11:26:28 PM
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update from volume perspective:

3202 if will break to the downside there is strong volume zone for buyers around 3168-160 for better dip . but will see if 3202 hold on Monday open. 
#12 - July 26, 2020, 05:02:18 PM
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Update SP500

today after open from d1 and w1 (still developing) we can see that sellers tried to break below 3202 without effect . now on m30 chart we have upside momentum and price is touching previous week;s open  at 3225 . So if this level will break to the upside today we can see higher prices around 3250-280.  

#13 - July 27, 2020, 01:17:28 AM
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SP 500


today is very slow day , up and down consolidation. however the h4 formed a bullish pin and 3225 is stil nice support for buyers. weekly chart is showing the "fight" with previous week's bearish pinbar . the daily slightly below futures contract daily open.. 
#14 - July 28, 2020, 04:41:18 PM
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SP500 update - end of session.


And the h4 negated the bullish pin despite little rise after the pin. then the end of session became more dynamic and daily chart is showing weakness , bears absorbed previous day's gain. Market closed  at the weekly open. Lower levels in play still: 3189.



#15 - July 28, 2020, 08:02:03 PM
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« Last Edit: July 28, 2020, 08:05:08 PM by Lolek555 »

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