Complete elliot wave analysis on S&P 500 recent moveYou can see the complete wave analysis of S&P 500 recent crash and pullback.
All the structures have been confirmed using fibo rations as can be seen in the chart.
my opinion is that the current uptrend is a 1-2-1-2 structure, we are at the end of the correction level for the last second wave and after that we will see a wave 3/3. that should scream!
Sandp500
Looking to short SPX500 and hold during the weekendIt's very likely that SPX500 will drop either right before the market closes or as soon as the market opens
S&P Index Intraday Shorts into 3160/50 #SPX5003175-3150 been the range on spx most of the week looking for some downside here into Sell side $ as well as potentially the market open gap @ 3130...
50-60 pip risk... I like the RRR
50/100 (1:2)
50/200 (1:4)
that's just the intraday targets not even considering the gap fill potential
(instant profit 50 pips in 5 min, risk free trade - 10:15 AM EST)
good risk reward
Trade Safe
Blessings
#SPX500 S&P 500 Index 7/8 NYSE Intraday Plan structure
prices
time
risk reward
HTF analysis posted
let me know what yall think
(edit: one annoying scenario would be a clearing of the short term highs @ 3165 and rejection there just keep in mind if for some reason we trade those levels)
currently 8:08 EST ideally we breakdown 3150 asap and we sell off these next couple hours into the open
#SPX S&P 500 PreMarket 7/8/2020... Structurally Driven by 31503150 major structural & psychological price level in play here this morning
gonna monitor PA & newsflow going into the NYSE open in a couple hours
bullish only above 3161 into 3170 then evaluate there
short term market structure is still down for the time being and I'd favor shorts below 3150-3145 zone into 3130 -
Trade Safe
Blessings
#SPX500 S&P / SPX 500 1HR - Below 3170, into 3160/50 (Intraday)
Market structure / QP Pivots / Profit Targets Marked
Invalid above 3180 (swing SL) / 3177 day trade invalidation SL to improve the RRR for intraday targets
Healthy below 3170 into 3160/3165 (target 1 would depend on your RRR)
3150 target 2
Writing this 1:45-2PM EST NY Session Tuesday, 7/7/2020 (waiting to see if the 2:15 PM candle will close below 3170 to get some sell pressure into the NYSE close in a couple hours)
Gold approaching 1800 ;)
SPX / S&P 500... positive sentiment into marketopen - into 3200?3175 main pivot point of interest for me - ENTRY 3175/6
SL/Invalidation -50 pips (3170)
Targets - 3180 (1:1 risk:reward) - 3190 (1:3) - 3200 - (1:5)
SPX500USD - Rejected at 3150 againSPX500USD was rejected at 3150 resistance once again. I think if the next 2h candle will turn red, it can be a good idea to short it. Otherwise short on another test of 3150 looks reasonable. Maybe it will break it this time, but historically R:R is good here
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Information is just for educational purposes, never financial advice. Always do your own research.
Spx500 wave analysis shortHello traders and analysts,
Here is our take on the Elliot wave 5 wave, now a larger 3 wave correction needed to take place? .
Technicals?
We have completed the the downward impulse of the wave pattern 1-5, with all waves forming without breaking the structure.
we are now in the minor wave 2 structure. and next up is the 5 wave corrective structure and looking to complete wave on the trendline.
From an imbalance method, we have a good double top retest which is showing profit and greed taking.
Price has seen a bounce back to 'normal priced of demand' however this is not really how halted economies can return so fast. it is artificial.
Divergence - we did not use this but looking at the pattern, we have a huge distinguishing gap.
Fundamentals:
US election rallies before taking place at the end of the year with campaigning.
We have NFP numbers showing millions return to work.. but also high unemployment
Trade war with China, Hong Kong unfolding with US responding
High figures in multiple states which are concerns for large communities.
Fiscal intervention in July, August for stimulus.. constant printing money is not good for the economy.
US tech stocks have seen the highest returns and zero confirmation by Dow30 and S&P following suit.
Dow 30 is in a fragile state and desperate to keep pushing higher but limited upside will cause a steep decline - refer to Dow chart.. around 27,000 is a good point for a previous monthly high.
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SPX v XLNXSPX (blue) and XLNX (red) emulating each other on the charts for the past month. XLNX breaks out today. Maybe, the same to come for the SPX
SPX to 3400.
SandP500 with pattern immediately following 2008 correctionPrice action lines up pretty close, that's why I would like to see more of a consolidation here, and a break of 3000.00 low, but very momentarily if it happens.
SPX Topped Out? Channel Neckline Breached | Bearish PA Todays analysis – SPX – breaking bearish from its long-lived multi-month ascending channel
Points to consider:
- Channel support breached
- Testing daily support and 200 DMA
- Bearish price action
- RSI breaking below 50
- Stochastics oversold
SPX needs a daily body candle close below channel support for a bearish bias in the market.
Currently retesting daily support, in confluence with the 200 MA where price previously held support. However a weak bounce, forming multiple bearish engulfing candles, price is likely to break down further.
Breaking below $2960 will form a technical lower low and an S/R flip at daily support confirms a trend reversal, solidifying the bearish bias.
RSI has broken below 50, indicative of increasing weakness in the market. Stochastics are oversold and may remain oversold for some time.
Overall, in my opinion, further price development is likely to confirm trend reversal as price retraces lower from these levels, validating structural support as the next technical target.
What are your thoughts? Let me know in the comments below!
And if you’ve read this far - thank you for following my work!
As always,
Focus on you, and the money will too!
SandP revised- This is what it will doWhen I look at our divergences and moving averages, I have to assume the SandP is not finished yet. The other scenario I posted is possible, but when you look back like I did, u see that every time the SandP is in this position it crawls up. Due to the wave count, I would expect the move up to be part of a flat correction....
SandP500- this week's predictionI expect SandP to break the low, then pull up and make a similar type pattern it just made, then we get the larger move down. I'm analyzing 100's of patterns today in order to predict exactly how deep this correction will be. I think I know but want to be more sure. I will make the greatest trading video ever made this weekend.
Dow go short break of rising wedge expectedDow really overbought and with all the talk of trump being way behind in the polls a bit of a retracement is due to the first green support zone and probably lower.
E-mini S&P500 intradayHello traders,
The E-Mini S&P500 future has marked a high volume with that special candle. We expect an increasing trend right now. It will try to increase in order to reach the resistance R0. If it breaks R0 it will try to reach R1.
But if it can’t reach R0, we should wait that first red volume and candle to sell and take profit.
SandP500 with Under Armor Bars pattern overlay.The SandP pattern was reminding me of something, and I realized it was Under Armor. I would expect small flat like structure on 1HR to produce a nice sell to continue down.
S&P500 Higher Lows Have Reversed into Lower Lowers The 11 year rise of US Indices had continuous higher lows. This trend is over and now appears that lower lows will appear at a faster frequency but at a similar trajectory in reverse.
Trade Reversal Pattern - Evening Star - S&P 500Here is an educational idea. Please do not consider this as a trade idea unless you consider market sentiment and fundamentals that go along with this technical analysis. Trading solely on technical analysis (such as this trade pattern) can turn out to be costly.
S&P 500 - Strong Selling SignalNegative RSI Divergence indicates a strong bearish signal.
RSI is currently at 53, the trend reversal will accelerate once RSI falls below 50.
Nasdaq - Strong Selling SignalNegative RSI Divergence indicates a strong bearish signal.
RSI is currently at 58, the trend reversal will accelerate once RSI falls below 50.
s&p 500 with -50% crush at 1500 till end of the 2020SPX crushes never stopped above MA 200.
Even FED pump of 3 trillion into market, buying even stocks of companies that are in bankruptcy, would be over.
Earlier or later the crush of -50% will happen as of people will need to sell something to pay bills - already 20% unemployed, 30% not paying rent or mortgage bills in time.
As long FED pumps money to keep the dead market breathing as hard would it be when the market will awaken.
In 1929 it was the speculators who pumped the market 4 times from 7 to 30 and it crushed below 7.
