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These are the two most likely tops for the S&P500We have yet to see the final clown push on this three-ring circus. Usually there is one final parabolic push before coming to a crashing end. Even though it will probably only be a 8-10% correction because money printer goes brrrrrrrrrr... there are some big factors that could cause a dump to cascade even further to lower fib retracement levels. These are boxes I'm drawing and the areas I have identified as that final push. It's nearly impossible to call the top on any market, but images from PBS such as the the one I have attached, support my hypothesis. We're way too bullish for this to last long. Retail will be led to the slaughterhouse. Welcome to the jungle.
SP:SPXShort
by Abstractions
2
25/11/2020 #SPX We are going to Pluto!Upmove continues, thus I shall stop my bearish view (on Twitter). My view means nothing, just follow my trade plan and you will do fine. Based on price action, I do expect a re-tests of 3616 and even 3588. That is only healthy. But market doesn't care so blindly buying is the good thing to do. My bias zone is at 3638-41.2. Above R are 3664, 3673-77 (strong R and ATH) and 3686. With another vaccine news, we might see 3722 but well, just saying. Below 3638, I will look to short to 3616-22, 3600.6, 3590.2, 3582. In the event of a strong sell, we might see 3560. Yea, wishful thinking. I may take scalps along the way today, but nothing major till 3638-41.2 trades.
OANDA:SPX500USD
by FadeMeIfYouCan
20/11/2020 #SPX Bull Bear fight continuesYesterday was a lackluster Doji day. I said it multiple times that the bears need to take this down earlier than later, and this week is better than next. Price still above 3510 which is good for the bulls. Today is #OPEX, supposed to be volatile day, and let's see if we will get a resolution today. Bias to downside below 3566-71.1, targeting 3555.1 and 3545.7, 3526, and strong 3505-3509 support zone. 3480 if traded, should cap low of day, providing low risk buy level. Above 3571.1, upside targets are 3584, 3592 and 3606. 3624 should cap high of day.
OANDA:SPX500USD
by FadeMeIfYouCan
18/11/2020 #SPX #ES_F Bull Bear fight continuesSellers failed to bring #SPX lower yesterday. It is approaching a critical level but bulls has advantage because monthly, weekly trend is up. Sell has to come sooner than later. If not, it is just a bull flag forming. My blue zone is 3607.2-10.6. I have shorted on break of this, below targets are 3588-92 support (yesterday's low), 3566, 3542 and 3522 should cap low of day. Lower level of importance is 3510. Above 3610.6, 3632, 3656 can trade while news can bring it up to 3670.6-73.6 which should cap high of day.
OANDA:SPX500USDShort
by FadeMeIfYouCan
17/11/2020 #SPX #ES_F Be bullish, just don't be the last buyerIt is pretty amazing how they can release vaccine news one Monday after another, and the market just spike up (prob due to algo) like that. Interestingly it happened after Presidential Elections, I mean Trump is like boasting how much he did to help USA with the Covid isn't it? But yet this news came later. Are the CEOs of the 2 companies Biden supporters? My plan yesterday was titled #SPX bullish for now. This is in view of the 3510 level which I said need to break, which hasn't. But if you didn't follow me on Twitter, I said that downside risk for all indices #SPX #DJIA #RUT exist as long as #NDX 12080 not broken. Do note this Today we started off with a gap up but now is coming down. #NDX went above 12080 but fail (look above and fail). IMO is bearish. Price has already crossed my blue zone - bearish. Below targets are 3604, 3592, 3574. 3554.8 should cap low of day but if that breaks, 3510 (the important level!) is below. Above 3625.8, look for longs, targeting 3640, 3652, 3670. 3670 is really a strong R. Expect it to hold. But anyway above it, we have 3701.6
OANDA:SPX500USD
by FadeMeIfYouCan
16/11/2020 #SPX Bullish for nowI was wrong with my bias on Friday but no damage done. Above my blue zone go long (multiple re-test of my blue zone) would give good profits. Today price opened and rallied. A strong one I would say, above my initial R to the next R. Above R are 3640.2 and ATH 3670.6-73.6 Now price stuck at 3614. I had tweeted this to be a strong R together with #NDX 12060. Inability to go above will bring us back to 3592 and blue zone at 3568-73. To even come back to this level would be interesting. Expect fast sell if 3568 breaks, targeting 3542.4, 3526, 3508.6. 3498 should cap low of day but I included 3480 (Fri's projected low in). Also do note in my tweet I said that #SPX 3510 needs to be break to invalidate the upmove.A close below it will be interesting.
OANDA:SPX500USD
by FadeMeIfYouCan
13/11/2020 #SPX Friday the 13th. BewareAs warned yesterday, don't be too bullish for #SPX. We had a sell lower and based on price action, we are looking for further down today. Blue zone, bearish below 3552.4. Now price is firmly below the blue zone, with targets at 3516, 3503.4, 3480-86.5 will offer a strong buy zone, while if we do hit 3454.6, will offer a low risk buy level. Above, 3552.4, we have 3566.5, 3576.2 as resistance. Unlikely price will go above 3608-14 strong resistance zone today.
OANDA:SPX500USDShort
by FadeMeIfYouCan
12/11/2020 #SPX Don't be too bullishYesterday we had a rally brought up by #NDX. #RTY was quite flat. Where's the money? Any MORE left? Blue zone at 3576.2-3580. Cautiously bearish below. Upside targets are 3596 and 3612 and 3641.2 will offer a low risk sell level. Price is now already below my 1st support at 3566.6 (I tweeted on a return to 3552 and took a short at 3576). Lower support at 3550.4, 3536, 3520.9, 3500.6-3504. 3474.6-80.2 should cap low of day, can look to buy there.
OANDA:SPX500USDShort
by FadeMeIfYouCan
11/11/2020 #SPX Either way. We have a Doji daily close yesterday. In terms of price action, difficult to predict. Either way is possible #NDX weakness will continue to weigh on #SPX though #RTY is strong (staying new highs). Price now in my blue zone 3544-54. Above we have 3573.2-76 and 3600 as resistance. 3614, if we reach there should offer low risk sell level. If 3544 breaks, look for 3520-22 then 3480-88 if yesterday's low are taken out. This is a strong support zone so might have a bounce. 3464 is next level while 3446 should cap the lows of day
OANDA:SPX500USD
by FadeMeIfYouCan
10/11/2020 #SPX volatile times aheadYesterday was a volatile day. Made ATH and more but on low volume and it back came down. But RTY didn't came down as much thus this is something to take note of if you think a crash is coming. But bias to the downside below 3584. 3572-84 is the zone to watch, for a pullback and good short. Below targets are 3510,3492.6, 3470-80, 3466, 3452, 3426-35.6. If 3584 breaks, upside resistance will be 3614, 3644 and 3673.4, yesterday's high and R, should cap high of day
OANDA:SPX500USDShort
by FadeMeIfYouCan
S&P 500 E-Mini Futures (ES) Resumes Rally HigherShort Term Elliott Wave View in S&P 500 E-Mini Futures (ES) suggests that the Index remains within the cycle from March low as an impulse Elliott Wave structure. The 60 minutes chart below shows the Index ended wave ((4)) at 3226.90 and it has resumed higher. Up from wave ((4)) low at 3226.90, 1 ended at 3323.5 and pullback in wave 2 ended at 3272. Index resumed higher in wave 3 towards 3397 and wave 4 pullback ended at 3328.50. Index then extended in wave 5 towards 3432.25. This completed wave (1) in higher degree. Pullback in wave (2) then ended at 3319. Index has then resumed higher within wave (3). Up from wave (2) low at 3319, wave ((i)) ended at 3408 and pullback in wave ((ii)) ended at 3357. Wave ((iii)) ended at 3480, wave ((iv)) dips ended at 3428.25, and wave ((v)) higher ended at 3522.50. This completed wave 1 of (3) in higher degree. Wave 2 pullback is now in progress to correct cycle from November 4 low in 3, 7, or 11 swing before the rally resumes. As far as pivot at October 31 low (3226.90) stays intact, expect the Index to see further upside.
CME_MINI:ES1!
by Elliottwave-Forecast
SPY - Wednesday, November 4Bulls showed up today. We've pierced thru a couple significant resistance levels in the past couple days. But will it continue? If we're going to go long at this point we want to see a big volume candle bust thru the cloud, pullback and bounce to continue the trend that's been developing over the past couple days. Momentum has been steadily rising over the past few days, which has made me want to put on my bull hat, but note the OBV divergence across the day. This is not what you would normally see when price is ready to break out. Momentum may be artificially propping these prices up. If you cycle down to the lower time frames, pay attention to when price action runs away from you, as it did in the last 5 minutes of todays trading session. There was some bullish buying, but the sellers aren't gone yet. Might need to range at these prices for another week while the VIX cools down before we see headway into the $440s, otherwise, expect a blowout top with a quick breakdown to the past week lows. The bounce at $335 was enough to get me to close my short position, but I still want to see some evidence that prices can hold at these levels before going long.
AMEX:SPY
by SLOPolarBear
05/11/2020 #SPX #ES_F Bullish yes but pullback will be healthy Yesterday was US Presidential Elections Day. Outcome still not known but seem like Biden is going to win it. Lots of up down in between and fake downs but bulls win it. No doubt price is bullish but based on price action, pullback is possible today. Price now at my 1st R and pullbacked 20pts. See if this level will hold. Bias still up above 3412-22. But in the event that this breaks, look for 3392, 3356 (strong support level) to trade. If 3324 breaks, look for reaction at 3324. In the event 3262 trades today, it will be a low risk buy level.
OANDA:SPX500USDShort
by FadeMeIfYouCan
04/11/2020 #ES_F #SPX Today decides the next trendAt time of this plan, price has made alot of reaction with my levels, which is a gd sign that such levels still hold during volatile times like this. I have a hunch, yes HUNCH that we are going to sell off by end of day. I am often wrong so #comeandfademe. Upside targets above my blue bias zone (3356-70) are 3402, 3415.2, 3436, each of which have nicely held some advances. Upper resistances are 3480 and 3544. Below short targets are 3322-24 support zone, 3316.6, 3304, 3276, 3242, 3224. In the event of heavy sell off, 3196 should cap low of day. Trade safe
OANDA:SPX500USDShort
by FadeMeIfYouCan
2
03/11/2020 #SPX #ES_F Either way is possible Elections day. Market was up yesterday and do look to continue - though on my system it is bearish on both monthly and weekly. But expect some volatility today (or maybe tomorrow) and thus either direction is possible. My bias zone is at 3306-12. Currently price is up, supported by my 3320-24.6 resistance zone. Upside targets are 3345.2-50. 3362-64 should cap high of day. Based on price action, we might have a deeper pullback to 3292-98.6 but still go up. Do nothing between 3298.6-3306. Below 3292, look for shorts, target 3266, 3212-8.6. If 3196 trades, it should cap low of day, presenting low risk buy level.
OANDA:SPX500USD
by FadeMeIfYouCan
VIX/SP500 Price Action Air Pocket - Heavy Volatility Comingif you pull up a 2-day chart of the VIX and analyze price action using a 200 period MA, you'll notice that price action NEVER creates a pocket of dead space between its moving average and the price action (see turquoise boxes), except prior to a period of major/increasing volatility. I've highlighted the present anomaly as well as the 2007-08 global financial crisis. You'll find the same anomaly prior to all major crashes (dot com bust, etc.) After examining numerous stocks using a daily chart and 200 period MA, I see a LOT of downside when the market eventually corrects. I suspect Feb/Mar 2020 is a preview of what is to come. I also recognize that quantitative easing has created tremendous upward momentum since it was first started in late 2008. The recent market sell-off is evidence that no amount of QE will prevent the market from attempting to revert to its fundamentals.
TVC:VIXShort
by SLOPolarBear
3