The bearish moment is growing up!The bearish moment is growing up! Regarding the trending lines, I see the price might be a short consolidation period and then, fall until weekly S2.
Es1!short
S&P500 TA: Expectations VS Reality, Potential 2008 Repeat?This devastating bear market officially began 6 months ago back in January 2022 for the S&P 500, and it's far from over, with an official recession on the horizon, potential bankruptcies, a housing bubble that's about to pop, and potential war, there is a lot of fear in the economy & market, but could there actually be some similarities between the 07-09' crash to today?
The last real recessionary bear market began back in October 2007 where it made it's first leg lower, had a relief rally to make a lower high, made it's second leg lower and when the next relief rally began many people thought it would run back to the top of the supply line near 1400, but instead the rally got cut short at around 1300, chopped around for a few weeks before the big catalysts flooded in that caused a major capitulation event from Sept to Nov 2008,
And in 2022, s&p topped out at 4800, first leg lower went to 4100, relief rally made a lower high to 4600, next leg lower made a lower low to 3800, and naturally people assumed the next relief rally would bring us to 4400+ at the top of a newly formed supply line, but so far it only got to 4200, chopped around for a few weeks, and currently at 3900 (on June 10th, 2022), and as the summer & fall drags on could lead to a mass capitulation event if/when the right catalysts start flooding in.
Coincidence? or Intentional from the market makers? only time will tell.
ES - S&P 500 move is not over yetYes, SP500 is down a lot.
Many indicators show oversold.
But what I see here is nothing more than a natural pullback, which seems to align with the Pitchforks 50% Parallel.
To me this could be a gift from the god to load up a little more. My target is still the Centerline. From there, we will see how the market behave.
#planyourtradeandtradeyourplan
SXP500 Index! - There's little hope here.SXP500 Index! Today we are here to talk about the SXP500 index.
Today: The index is trading at 4155. In the last trading session, we saw a sharp drop down that we expected earlier, as well as a return movement, here is a link to the idea.
What's on the market now:
There is a lot of volatility in the market right now. Associated with an attempt to buy the bottom from inexperienced players.
What are we waiting for today:
Today we are waiting for the continuation of the correction and the market movement to the area above 4190. However, the probability of the price movement to the level of 4050 - 4000 remains.
What I recommend:
If you want to open short:
Go short on pullbacks above 41 70- 41 90, limit your losses.
If you want to buy:
Long positions are possible from the level of 4015-3995. Limit your losses to the last low.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
Like it and subscribe, thanks!
See you next time.
SXP500 Index! - What, are you taking a walk on the wild side?Today we are here to talk about the SXP500 index.
Today: The index is trading at 41 31. Last trading session we saw a sharp drop to 4100 which we expected earlier, here is a link to the idea.
What's on the market now:
Because of all the negative forecasts for the production of GDP and the presence of strong inflation. The US global market goes to the 3850 zone. And yesterday the market made a sharp fall.
What are we waiting for today:
Today we are waiting for the market to continue moving towards the 4035 zone. However, there is still a possibility of the price moving to the level of 4170. Associated with an attempt to buy the bottom from inexperienced players.
What I recommend:
If you want to open short:
Go short on pullbacks above 4170, limit your losses.
If you want to buy:
Long positions are possible from the level of 4050-4035. Limit your losses to the last low.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
Like it and subscribe, thanks!
See you next time.
S&P 500 - A good sign for a shortPrior major short signal:
And here we are again
I see a good risk/reward short here in the SP500.
There is much more than in this chart, but this is already enough of confirmation that the market is taking a deeper breadth.
BE READY for further decline in indicesAfter a 5 wave decline ,we are in recovery wave (B) which has the potential to lift the index to 4422, watch todays price action and trade accordingly,
Trade with price and time, SPX forecastI just combined both EW and PA for forecasting SPX index.
both are reflecting price and emotions of bulls and bears(price action traders always look for opportunity to trade in either way)
But Elliotticians will trade in the main direction of the trend(down) .
Since trading in options(buying), is a premium game(theta erosion),better to enter on 9th march
The ART of profit booking I am posting a chart for educational purpose using S&p 500 index with heikinAshi candle and elliott waves
trading is an art of buying at low and selling at high, looks easy to do? if so why more people loosing and big players minting money?
trading is a money making process when the crowd has extreme interest in one direction(buy /sell).
when everyone in the street is buying, it is the RIGHT time to sell.
The ART of profit booking without harming buyers(they don't know what's happening) is described in the chart.
Because if they knew in advance then to whom the seller has to sell?
Actually speaking the BULLS AT THE BEGINING OF THE TREND NOW BECOME BEARS!
SELVAM BE, MBA
option trader
ES1! - S&P500 FuturesThe up-sloping Action/Reaction lines (orange) gives us some framing around the craziness.
The Red pitchfork catches the extremes and important turning points
For now we have Swing P3 and P4, now there is missing P5. What does that mean? It means I see another flush to the downside. Yesterdays weakness is another indication for it.
For now, I stay out of this market, since everything is in a bunching mess. If anything, I buy puts to profit on a potential downside and limit the risk.
SP500 Trading The ABC PatternIn this update we review the recent price action int he SP500 using the front month futures contract to identify the next high probability trading opportunity
ES1 short the price's kinda getting tired, and it hit a resistance with a significant wick saying clearly it'll drop for the closest support
S&P500,CORRECTION SEQUENCE AFTER EDThe most anticipated correction began on 7th sep2021
initial wave to unfold is zigzag in nature for quick profiting by BEARS
2 days recovery can give you a long opertunity ,but bears will hold the grip
This will go till this month end upto or exceeding the level of c54(4232
S&P500 TOP FORMED?CORRECTION begins already but it is not significant..
BEFORE it gets worse take your breath..
YES ,you may not see any more TOPS.. short near 4170 on MAY 21st SL 4200
I guess that you understand what next..
GET IN to RIGHT SIDE till MAY END for 300 points
ES Price Target 4020'sES has had a nice run pushing to new highs. Failing to hold over 4060's and we'll find a pullback before we look to push any higher.
Short under @4055, TGT 4038, 4020
Stop Loss @4070
ES1 CLIMAX OVER?4060 is the key level to reach by S&P500 futures to decide its further bull run.
REASON ; c5=c1+c3
LOGIC; B wave over extention limit is 4060
CONFIRMATION ; next week monday selling from this leveLl
NEAR TERM BEARISH as (4b) recovery completed and next (4c) will begin DOWN to 3720 next week
SELVAM,
NEO WAVE ANALYST
S&P500 WILL FALL UPTO 3000 ONLYI explored almost all my knowledge to prepare this GREAT S&P 500 chart for our TRADING VIEW mambers
The index is in 4th Wave of GRAND SUPER CYCLE. usually 4 th wave will be a simple FLAT. BUT due to QE by FED and Artificial liqudity by Policy Makers , the impact of ressesion (wave 'C' Down )in 4h wave is postponed to 10 years.
Hence the recovery wave (B) is overextented by 4.236 times of wave(A). Wave (B) has a target of 4444 on 14th june beforemuch awaited wave (C)
Mean while we have a chance to make some money in shorts before 12th APR while the index will took a bullish TL support @ 3000.
Trade well,Earn well,spend well
Selvam.B
option buyer, Neo Wave practitioner
TERMINAL ENDING NEARING IN S&P500S&P 500 (ES1) is exhuasted with all fuel burnt. Now , This index will test its final push of 4050/4000 next week.(march last week)
After CORONA fall ,wave(A) , this entire recovery wave termed as wave(B) which gone beyond the start of wave(A). (irregular FLAT correction)
The next one will DISTRIBUTION WAVE called wave (C). which has 5 legs down and 3 legs up( more trading opertunities)
Put options will make you rich (with proper trading plan)from next month onwards
ER.selvam.B
Neo wave ,price action practitioner
S&P E-MINI 500 (SWING) 15MINWe have a Trading range in the S&P
Sell Signal for my prediction
My Target : 3806.25
Stop loss and take profit on the chart
If you have any questions related to my prediction, leave it in the comment section
S&P E-MINI 500 (SWING) 15MINa down trending it just start.
We have a sell signal for my prediction
Stop loss and take profit mentioned on the chart
My Target: 3897
if you have any questions, leave it in the comment section
SPY - high probability rounded retestThe dump earlier today was an emotional one. This is apparent from the big red candles going from the 0.786 level to the 0.5 level in 7 hours. It's investors acting on fear.
This, combined with the bounce off of the support zone & the 0.5 level gives us a recipe for a quick recovery. Those who sold off realise they're wrong, buy back in. Those who sold the breakout are feeling the heat, buy back their position. Those who are taking profit on their short, buy back.
Our next big resistance is the 6 touch 0.784 level @ 3890. This is a great place to enter a short.
Now, our target will either be 3852 (forming a higher low), or knowing all the pending orders sat at 3808~/0.5 level have been filled, we can aim for the next level at 3775.
Stop loss will depend. It's really down to your discretion, but I'd be inclined to use a wider stop to avoid getting wicked out.
Let me know what you think and give me a follow for more.
Happy trading!
P.s. this isn't financial advice. I just like drawing lines on charts
390 then ded 🔨not sure how long this correction will last, but it won't be a pretty one.
i am stepping away from this for awhile, this will be my last post until i return.
good luck peeps.
