Category Archives: S&P500

USA500 Analysis dated 22 Apr 16

USA500 H4 Chart
USA500 H4 Chart

Comments: Based on H1 timeframe, rising wedge had broken down. Zooming out to H4 timeframe, potential head and shoulder may be in the midst of formation. It confluence at weekly timeframe supply zone. Overall, bearish bias. Possible course of action: (1) Vertical XSP May 16 210/215 (of minor variation); (2) CFD USD500 or SPX500 for shorting; (3) ES for shorting.

SPX500 Analysis dated 16 Apr 16

SPX500 Daily Chart
SPX500 Daily Chart

Comments: Referring to SPX 500 analysis dated 10 Apr. point (1) near price 2020 was not taken out, potential Head & Shoulder formation did not happened. For this week, price move up entering next supply zone. Price and volume did not move in tandem. Watch out for candlestick reversal pattern for short entry with CFD or ES. For options entry, I think selling a call spread for 2090 to 2120 maybe viable depending on the premium offered (the ROI).

SPX500 Analysis dated 10 Apr 16

SPX500 Daily Chart
SPX500 Daily Chart

Comments: Price showing signs of rejection from daily supply and broken daily uptrendline. Best if price can move further downwards to break 2020 level labelled as (1) before retracing to (2) for potential short. It would be entry at early formation of right shoulder for H&S. At the same point, selling a call spread for 2080 to 2100 may be viable.

SPX500 Analysis dated 2 Apr 16

SPX500 Weekly Chart
SPX500 Weekly Chart
SPX500 Daily Chart
SPX500 Daily Chart

Comment: Price is within within weekly and daily supply zone. At daily chart, we can see increasing volume that stop of price from drop from the rejection of price from the daily supply zone, showing some buying power. Need to watch further on how the market react in this region to decide further actions.

For options: May be possible to sell weekly OTM Call at about 2090, and buy further OTM weekly call at 2140 with the anticipation is that price will not break out on upside within next week.

S&P500 View

Daily Chart
Daily Chart
Weekly Chart
Weekly Chart

Comments: Shorting opportunity may present around 2042 area onwards (weekly supply). Zooming further to daily chart, for lower risk entry, daily supply is around 2058.1 area. This chart is from SPX500USD, OANDA broker. Figure may differ slightly from futures or index of S&P500.