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S&P 500: Resistance not yet hitHello guys The SPX is still moving upwards in a rising wedge. As pointed out already in my last idea, it is likely we are going to continue moving upwards and we may hit resistance at around 2950 to 3000 points. As the smaller moving averages continue to rise I personally think the possibility of another huge drawdown is slowly decreasing. Even taking out the downtrend line on to a further high, the SPX still managed to break it and gain some distance after the apparent short term downwards trend. In the short term, the 0.5 and 0.618 as well as the 0 retracement are going to be areas of support, the 1000 MA on this 4h is probably going to be an area of resistance. For this week, my outlook on the S&P 500 is still rather bullish, even more than last week. Keep in mind I am not making any comments about fundamentals. Let me know what you think!
OANDA:SPX500USD
by pming
SPX500 INDEX (SPY) Short Trade Explained! hey guys, the previously discussed 2800 level is still respected by the index and for now, bulls are not able to go through. on 1H I have noticed a completed head and shoulders formation. the market is currently in an attempt to break below its neckline. in case of 1H candle close below the underlined support we can sell the market expecting the continuation to lower levels of structure: 2636.0 - previous support 2536.0 - next support stop will lie above the right shoulder - 2800. in case of a bullish reaction from neckline and continuation above the head level our setup will be invalid.
FX:SPX500Short
by VasilyTrader
13
SPX: Trump was elected at 2200Hi Guys, long time since the last time. I hope you are all well and fine. Let's dive into it! March 23 - FED announced it would buy bonds in unlimited numbers and backstop direct loans to companies, the latest in a series of policy steps taken over the past 10 days to calm markets and support the economy. (www.reuters.com) SPX bounced at 2200 (red dotted line) which is the starting point of Trump's US Presidency. Please click & play the following chart posted on Feb 29 (Sat) in order to review the informations and watch it unfold: March 3 (Tue) - by cutting rates the FED managed to slow it down at 2950 but the effects of the emergency measures did not last long:(www.reuters.com) March 9 (Mon) - market keep falling. Please click & play the following chart posted on March 6 (Fri) in order to review the informations and watch it unfold: Just to note that the FED held 6 meetings in March to calm markets. (www.federalreserve.gov). TECHNICAL: - price below 200SMA (as in 2015/2016 and in 2018/2019) currently supported at 2200 (A); - price pulling back from 2200 (A) in what may be a bear rally into 200SMA at approx 50% of Covid19 downtrend from (0 zero); - VIX maybe on its way below 30 again; Questions: 1) how long will it take for the market to cross and consolidate above 200SMA and resume Progress again? 2) what what kind of recession is the COVID-19 recession going to be? V-Shaped? L-Shaped? W-Shaped? 3) Is this a virus-related recession, or is it the one economists said was on the horizon? For information iro The Flash Recession (2nd circle in red) please review the following chart posted on Apr.7, 2019: Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:SPX
by cozzamara
S&P 500 | Broadening Wedge Tops & BottomsPlease support this idea with LIKE if you find it useful. Price formed a Broadening Wedge Tops & Bottoms on Weekly. If there is a confirmed breakout of the Horizontal Resistance price is likely to continue forming the pattern and go to the Higher Boundary of the one. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:SPX500USDLong
by Anpu
12
SPX500 INDEX (SPY) May Retrace! Here is WHY: hey guys, spy almost reached 2800 level. if you open a daily or weekly chart, you will notice that it is a strong historical resistance level. moreover, on 4H we have a perfect match between the resistance of the rising wedge pattern and previously mentioned structure. +take into consideration dodji formation and rsi divergence. these factors make me think that during Thursday's and Friday's session the market may retrace to the support of the wedge. Adjust you trading plan accordingly! good luck!
FX:SPX500Short
by VasilyTrader
18
U.S DOLLAR INDEX (DXY) Important Moment! Dollar index is back again within a major rising channel. after two fake breakouts to the upside and to the downside, the greenback is approaching the channel's resistance. usd has already proven its ability to easily break the boundaries, so this time might be the same. pay attention to the reaction of the market: in case of a bullish breakout, chances will be high that the current structure high - 103.0 level will be reached. in case of a retracement, the support of the channel most likely will be reached. good luck!
TVC:DXYLong
by VasilyTrader
3
DXY | Going To Retest Horizontal ResistancePlease support this idea with LIKE if you find it useful. Price retraced of the Support node (Mid line of the Ascending Channel, 50 MA dynamic support and Ichi Cloud support zone). We already passed the 100.20 horizontal resistance so we can go and retest the horizontal resistance, also the higher boundary of the Ascending Channel. In case we break the horizontal resistance it will be more upside Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
TVC:DXYLong
by Anpu
Critical view at world economyFinancial planners and news tooted alot of news in the last weeks, which are novel to anyone of us. Not playing devils advocate here, one could generally assume planners would like to keep clients funds and news are overselling events emotionally, to create attention. Taking a critical look might give clarity in troublesome times. Ive developed two rather simplified scenarios, namely bull (green) and bear (red). To be fair, each should be called bear, because its highly unlikely to see growth this year (sp and other index ratings seem to be slashed by analysts on the daily now). Regarding to the bull scenario, we could likely bounce back into ema region. pro -goverments are finaly mobilizing accordingly (looking at you, trump, johnson) -china seems to be getting back on track again -effective medication might be available soon, who knows The bear told me however, we cant comprehent real damage today pro -banks wont offer credits to small businesses as promised by governments (germany for example), because they dont want to risk credit default -people underestimate dangers and stop preventing virus care, second huge outbreak -fed , european central bank already blew their ammunition - more cash does not cure infections, unfortunatelly - they are not dry, but just creating more money is unreasonable- "bad" companies need to die one way or the other in captialistic systems -ripple effect accumulated to sum of those events -ripple scenario : people go full anarchy, recognising their real estate is dilluted, tax payers have to pay all this mess, over 11 years of bullrun flipped into massive wealth-burn (full bananas bear scenario, just a thought exercise) keep in mind however: -these are some of the best companies overall, technology and such, high margin, lowish maintenance - the rest will dump much harder In case 1, I would really consider cashing out and reinvesting at a cheaper point in time, as a long term investor - we hopefully not reach bottom again, but recovery above the next high will take its time - lower overall bip is not priced in yet In case 2 ? Idk, guns are pretty illegal in europe, so I rely on your opinion on how to survive this mess! However Id have an eye on cryptos, gold and funding local business or such! Trade save and keep diamond_handz!
AMEX:URTH
by diamond_handz
RENAULT (RNO) Cheaper Than Ever hey guys, I know that many of you are looking for cheap stocks. pay attention to Renault. though I already hear the voices of skeptics out there, look what history tells us: stock is clearly trading in aprox. 13-year cycles. the stock was trading on current lows two times already and each time it showed a perfect performance with a sharp and quick drop at the end of the cycle. chances are high that this time we may see the same picture. moreover, our reward is very high in comparison with the risk that we take. so why not at least to pay attention?! good luck! please, if you like this idea, please support it with like and comment! thank you!
EURONEXT:RNOLong
by VasilyTrader
6
DXY | H&S and Ascending Broadening WedgePlease support this idea with LIKE if you find it useful. Price formed a Head and Shoulders pattern. In case there is a breakout of the support trendline or better of the Ichi Cloud support zone the price will go down (possible retest the 200 MA). Nevertheless we are sitting on the 50 MA support and there is also an ascending broadening wedge pattern, which can work out if there is an upward breakout of the formation. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
TVC:DXY
by Anpu
4
UK 100 | Bearish FlagPlease support this idea with LIKE if you find it useful. Price formed a Bearish Flag and was rejected of the higher boundary of the Pattern. In case there is a breakout of the Mid line of the pattern we can initiate a short position. Also if there is a breakout of Bearish Flag to downward we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
TVC:UKXShort
by Anpu
1