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$sp500

Am I really the only person who sees this?An inverse correlation to the energy sector seems to proceed every market downturn. Additionally, does it not disturb anyone that American Economy has been doing relatively OK over the last 2 years while the global economy is stagnating? Resistance is being strongly tested at the 161.68% retrace from the 2008 low. My Thesis I believe low commodity prices will put pressures on emerging markets, and capital will continue to flow out of foreign markets. Rising rates will strengthen the dollar to critical levels which will put pressure on governments in emerging markets who borrowed in USD. As they default, this will begin to pull down the foreign equities. As a result, investments may continue to flow into the American market. This could also cause an overshoot of my resistance level. Why will a strong US Dollar will crash the market? Very Simple. Energy prices are low right now, and billions were borrowed in order to extract oil. As the dollar strengthens, global economies may weaken, and this may make it harder for these oil companies to find buyers. (less business being conducted equals lesser need for oil). This will in turn will lower demand for oil pushing the price down further (A spiral if you will). These defaults will lead to ripples in the economy which could result in massive layoffs and other social unrest. As Assets sell off, this could lead to economic deflation, thus a recession is born! How bad will the market sell off be? Besides energy, other areas of the economy seem fine for now. I think the S&P selling off to 1550 points in 2016 is very reasonable.
AMEX:SPYShort
by Rashad
12
"A Thin Red Line" On The Bollinger BandBollinger Bands weekly The S&P 500 is locked in a 100 point trading range (2040-2140) since March because of a serious split in sector performance. At less than 5% this is the narrowest range in several years. Note that Bollinger Bandwidth on the weekly chart reached a 20+ year low in July. This means the Bollinger Bands are at their narrowest in over 20 years. How's that for a contraction. John Bollinger theorized that a volatility expansion often follows a volatility contraction. Chartists, therefore, should prepare for significant move in the coming weeks or months. The upper and lower bands mark the first levels to watch for a directional clue. With the index hitting 52-week highs in February, May and July, the overall trend is up and this favors further upside. I would use the lower Bollinger Band and March-July lows to mark key support in the 2040-2060 area. A weekly close below 2040 would show enough selling pressure to forge a support break and suggest a trend change. I post my updates on my Twitter profile first. You can see my 2 latest updates on the SP500 by following this links: Bearish: twitter.com Bullish: twitter.com TWUC @BLawrenceM Come join me at @BLawrenceM Best to your trading! Music at work: Hans Zimmer Thin Red Line: www.youtube.com open.spotify.com Courtesy Arthur Hill
FX:SPX500
by CoinedByCrypto
1
"Una Emocion Para Siempre"EW bullish count Notations on chart I remain bullish as long as 2043,4 is not taken out and expecting 5 waves up to end bull run. The Broken Arrow - ED count will be invalidated at 2212,94. I mentioning it due to a IHS is also setting up with target around 2010/12. If bearish.... the top of wave 2 up could already be in - due to not making a HH It's tricky here many counts are still open... but this is what I see right now! If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart. I would really appreciate it! Thanks! Trade What U C @BLawrenceM Come join me at @BLawrenceM Music from Italy... on vacation here :) Music at work: Eros Ramazzotti www.youtube.com open.spotify.com
FX:SPX500
by CoinedByCrypto
18
Is The SP500 In A Bear Market Now? The Answer Is Very Clear!Bull Or Bear Market.....Now? Does the future markets price action confirm a top in the SP500? There are 2 different counts on the chart a red and a yellow. Both are 5 waves sequences which could indicate further moves lower to come after a retrace. The internal technicals for a top is confirmed and the odds has increased. The SP could have topped as an Ending Diagonal the 18th of may 2015. But nothing is confirmed yet! Nothing!!! Can SP still make a HH..?. Yes but... but let the price recover first before consider the bull side. Then let's look at a more bullish count. We do simply not have the nail in the coffin confirmation before break of the white line. So...! Nothing is settled and done with price action in the futures market ! And at the same time the futures markets action needs to be manifested in the SP too before anything can be conclued. I have posted a chart at gyazo showing possible Harmonic Patterns that can play out from $ES_F price action. If you agree with my chart or just want to show appreciation - please click the thumbs up in top left corner of the chart. I would really appreciate it! TWUC @BLawrenceM Follow me on twitter for intraday updates and scalp plays Music at work: www.youtube.com
FX:SPX500
by CoinedByCrypto
16
"Crazy" Choppy Crabby Market - But Bullish For Next Week!Bearish Crab This is the bullish argument! It's a must for the bulls to make a higher high.... full stop or a lower high has been put in. This chart support the weekly chart (see link below) for a ending EW diagonal ending at 2158. At that level the price have made a overthrow of the upper trendline in the ED but is fully valid. Notations on chart! TWUC @BlawrenceM Follow me on Twitter for intraday updates and scalp plays Music at work: www.youtube.com
FX:SPX500Long
by CoinedByCrypto
A New "Cupid's Arrow"..... Broken Arrow Update 2Cupid just shot an Arrow New eyes on Broken Arrow. Count has ben lowered 1 degree. The Ending Diagonal looks more right and more harmonic on the weekly chart. See links below. You may ask... but...but what about. The Ending Diagonal allows a overthrow in the 5th wave. That is what we are seing. Why this "overthrow? Because bulls need to be convinced off clear blue sky is ahead and be willing to go all in on longs. Yes market is having a tug of war... but do not go short before we hear bulls exhale! Confluence zone speaks for itself! T.W.U.C (Trade What You See) @BLawrenceM Follow me on Twitter for intraday updates and scal plays...thx! Music at work: www.youtube.com open.spotify.com
FX:SPX500
by CoinedByCrypto
Broken Arrow Still "Young & Foolish". "Until June"' Is OverThis EW count is a bearish argument for the ED Broken Arrow first wave down This count also support my chart : One More Day But SP Still Looks MISERABLE At The End Of The Day showing a SHS in spe and the chart: Last Call B4 Broken Arrow. (See links below). I see the choppy moves are due to remaining bulls still buying the deep. Can't blame them - but playing with fire. This is a bearish conservative count... meaning that I believe that the SP will make a stop at the 200 sma. But I can also see a much more violent move down , but SP is in the early stages of the correction/crash so one thing at a time!! The SP could be making a 3rd wave down to touch 2040 and end up at SHS target around 2000. By then it will first be making the 5th wave low. Many options still on the table... so I stick with this one until price is giving more clues. On the 4 hour chart ma100& 200 are on the battlefield fighting is out....with ma100 still under ma200 Daily 100MA comes in right now at 2091ish Daily 200MA comes in right now at 2051ish (See notations on chart for the epic battle of the 100 & 200 daily SMA.) T.W.U.C @BLawrenceM. Follow me on Twitter for intraday updates and scalp plays.. Music at work: www.youtube.com open.spotify.com
FX:SPX500Short
by CoinedByCrypto
17