Sandp500
S&P 500 Next 8 Years Targets (12,6,2,5,1 Fractal Analysis) S&P 500 has followed what I call a 12,6,2,5,1 Pattern. The price rallied at the beginning of 1982 and completed an N Rally after 12 years reaching a price target of 480. After that, it began an A Rally to reach a price target of 1531 in 6 years. This was followed by a corrective phase of 2 years. It was followed by an Inert Rally of 5 years (shown in blue) which drove the price back to where it fell from. After than began the steep correction of 1 year which dragged the price to 685. That marked the completion of my 12,6,2,5,1 pattern.
N Rally to 3126 (Oct 2020)
My 12,6,2,5,1 pattern took a new start at the beginning of Oct 2008. We are currently in an N Rally with a projected 355% price rally to reach a target of 3126 by Oct 2020. Theoretical Explanation: The market has heated up significantly. The introduction of cryptocurrencies has provided investors with new opportunities. A sluggish N Rally towards 2020 shows ample confidence in the market but stock market interest seems to be fading.
A Rally to 9952 (Oct 2026)
After the beginning of the N rally, the price will start to rally more aggressively to complete an A Rally by Oct 2026 with a 218% price surge to reach a target of 9952. Theoretical Explanation: By the end of the N Rally of 2020, many investors would have focused their attention on cryptocurrencies. Some blockchain projects would have become large corporations by now and would be a part of the stock market. Traditional investors will be able to invest in Bitcoin and other useful cryptocurrencies same as they would in Google, Exxon or Proctor and Gamble. Blockchain companies now being a part of the stock market will give S&P 500 another boost to reach a target of 9952 by Oct 2026.
Post N and A Rally Situation:
The market will heat up again as speculation makes prices of blockchain companies (now listed on NYSE) to skyrocket. This will result in another correction. The price will continue to follow the 12,6,2,5,1 pattern.
Important Observations:
12,6,2,5,1 One was about the Internet (Dot Com Boom)
12,6,2,5,1 Two is about the Blockchain (Crypto Boom)
We'll have to see what 12,6,2,5,1 Three is about.
S&P 500Since we have taken a bullish reaction on this flag we can expect that S&P 500 will continue its upward direction.
US Markets Maintain Gravity Defying Despite Current World EventsSimilar write up to last week much remains the same until S&P and Dow Break previous highs (S&P above 2900 / DJI above 24600)
S&P: If P action in the next week closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
Dow: The same flows for Dow Jones with P action in the next week close below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
If markets stay above these initial levels for the next 3 months (i’ll be surprised) however this will look like economies are back in order from COVID-19 and running ‘normal economics’
(Print source set to close)
At a Critical Area! $3,000 in our eyesight We are def. at a critical area. I'm still leaning slightly on the bullish side. 3k is a good possibility if we bounce and stay within the upward channel. If support doesn't hold and we drop. I see us then re-testing the $2600 area. Hoping for the best, GL to all with trading.
Tesla is due for a major correction! As you can see Tesla has had 2 parabolic run ups in a short period of time. I'm a Bull on a macro level and believe Tesla will be one of the biggest companies in the world. The hype machine needs a healthy pull back in order to rise at a realistic price in the future.
SP500 buy opportunity, when the Fed helping we should be buying.Due to the current market situation, it is possible to see 2900 and 3k target and SP500. The market keeps pushing forward and we should keep buying. Support lines have been shown in my chart, it should be bought in every bounce on them. Until the trend completely changes I see it is a buy.
ABSOLUTE MUST SEE pattern on SPY $SPY DAILYSPY is a chart I always keep an eye on and this pattern has started to form on the daily and, when formed, can be a very powerful pattern to trade and help find good risk reward opportunities.
As soon as I saw this chart in my review this eve, I knew I had to get a video out to the community!
xeenos trading - sending positive energy to all those watching
US30USD Intraday Outlook 23/04/20Technicals: Market is approaching a dynamic support turned resistance. if market rejects from the area of interest, it matches with 2 Fibonacci confluences and it'll be another retest of the broken trendline. Take Profit areas will be at the bottom structure Demand zone.
Trader's Arena FX
BTC | S&P 500 - Slightly pumped on initial jobless claimsRed line is futures on S&P 500.
CC indicator below is correlation between XBTUSD and S&P 500 on 15m time frame.
Initial jobless claims was released, and rose 4.43 million last week, total is more than 26 million since the coronavirus outbreak started.
S&P 500 slightly pumped as expected (as in previous times) and trying to rose higher, as well as bitcoin.
Won't be long here ('coz we're at resistance), awaiting $7250-7300 for shorts.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
S&P 500 - Potential Short on the 4H ChartIn this trade I intend on shorting the SPX, S&P 500 or US500 (depending on your broker) following a bearish breakout and close of the potential bearish rising wedge formation.
This trade is based upon the following technical factors that we can potentially see from the 4H chart:
1. Bearish rising wedge formation
2. Resistance at the 61.80 fib retracement
3. Decrease in volume with an increase in price
4. Upper monthly rising trend line is within close proximity which could act as another level of resistance if we push higher in the wedge
5. Elliot Diagonal Wave pattern - although this isn't a perfect formation, it is still a factor to consider
This trade is based upon the following fundamental factors:
1. The Fed can only do so much and most of the economic damage is still unknown
2. Much of the recent bull run, dead-cat-bounce or correction is now in what I believe to be the hysteria phase with no backed up reason as to why its still going up
Of course we can't dismiss the possibility of the continuation to the upside. The cases of COVID-19 are now getting lower each day and it appears that we are over the worst. This could be the reason for so much recent buy in.
The trade entry will be based upon a breakout and close below the bearish rising wedge formation. The SL for this trade will be above the 61.80 fib retracement and above the breakout area in case we get a re-test. The TP level will be targeted for the lower descending trend line which could act as a double-bottom within this price range of the recent lows. The entry and SL are variable depending on where we breakout of this formation therefore I won't be providing precise trade details other than the position in this chart.
SP500 - Short OpportunityThere is an opportunity to short the SP 500 on bounce off the descending channel support line turned resistance.
- Short entries may be initiated now at the peak of the recent pullback from 2726.00 around the 2770 region.
- Stop Losses should be above the swing high of corrective 2772.6 (Red Horizontal)
- Target Point A: 2726.9 (Green Horizontal)
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (Yellow)
Is the next Major Crash Beginning?Is the next big crash starting?
OANDA:SPX500USD
I've been watching the S&P closely for the last month during our recovery phase. It's been a great ride up, but today it's starting to look like the cracks are once again forming.
The below analysis is as I see it. This is not advice. Please do your own research before entering any trade.
Signs of a potential reversal:
1. We have recovered to the point of reaching the "Golden Pocket", which is the idea place to open a short for minimizing risk, between the 50 and the 61.8 Fibs.
2. We have seen a bull flag formation on both the Daily and the 4hr, with both breaking down and out during the last trading session.
3. We rejected off the 50 day moving average on the Daily.
4. Moving average on Volume is reducing.
5. MACD line has turned and looks poised to cross down below the signal line.
6. CCI is trending down and fallen out of upward channel.
None of this guarantees that a crash is coming, but it's certainly got me interested.
Potential SHORT Trade Setup
ENTRY: 2740-2770 (Anywhere here)
STOP LOSS: 2970 - 6.89% (Clear those fibs)
TAKE PROFIT 1: 2320 - 16.73%
TAKE PROFIT 2: 2176 - 21.70%
TAKE PROFIT 3: Let run
RISK:REWARD: 1:2.4
As per normal risk management practice, once the trade starts moving, reduce your SL and potentially apply a Trailing Stop in a fast moving market.
Please DO YOUR OWN RESEARCH!!
Happy Hunting!
S&P, Gold & BTC Correlation - when safe haven?For the last 6 weeks or so, there's only been one thing to trade - The Market, as everything moved up and down together, gapping violently based on news.
These daily charts show how the stock market (SPX/S&P 500) has correlated with the historical safe haven asset of gold (XAUUSD) and the promised new safe haven of Bitcoin (BTCUSDT). The red indicator at the bottom is the standard TradingView Correlation Coefficient (CC).
In the first chart, BTC - in blue - largely moved with the S&P, showing a high CC throughout the crash. Notably, it had a more extreme flash crash (crypto loves extremes), and also recovered off the bottom more quickly. These differences aside, BTC remains highly correlated with the stock market for now.
In the second chart, gold - in yellow - at first continued its rise as stocks fell, but then had a sharp selloff of its own. It's been reported that this was probably due to traders being forced to sell positions in order to avoid margin calls as equities got smashed, and that sounds reasonable to me. Since that started, gold has been very highly correlated with stocks, falling and recovering together.
In the third chart, perhaps somewhat redundantly, we can see that since March 9 or so, gold and BTC have become and stayed well correlated.
Where next?
Notably, gold has now exceeded its pre-crash high, while stocks are still down 16%. Gold is also trading well above all of its daily moving averages, while the S&P is still underneath the 89 and 200. This is at least some technical reason to think that their trajectories might be different soon.
My bias, based on fundamentals, is short equities and long precious metals and crypto. But I can't trade that until their correlation drops – until the further drop in the stock market that I think is coming panics gold investors not into selling, but buying. So I'll be watching this chart carefully.
+Obligatory "I'm not an expert, this isn't advice". Stay safe out there!