Get started

Sandp500

SPY Bear Call Spread; Indicators mirror start of May 19 declineWe maintain a bearish outlook on the entire market, and are using the 298/299 call credit vertical to assume our bearish position. We are selling the 298 calls while simultaneously longing the 299 calls to execute a risk-defined trade. With a breakeven of 298.37, we make our maximum profit of $37 per contract when the underlying price drops below that of the short strike: 298. We suffer the maximum loss of $63 above the long strike of 299. Using a bear credit call spread instead of a bear debit call spread, we are able to assume a better risk/reward ratio: .58 compared to the put alternative with the same strikes which entails a ratio of .56. Our bearish outlook is fundamentally driven, but also technically supported as we feel the market is extremely overbought, and many indicators further this notion. The SlowK Stochastic indicator (an indicator from 0-100) read a whopping 95, with the slowK in the 70s, mirroring the readings of May 1st, the start of the major downturn that caused SPY to lose nearly 550 basis points of its value in the month of May. The MACD is showing signs of impending bearish movement as the second derivative is negative. The DI+ is also decreasing at the moment, while the DI- is increasing on the Wilder ADX. The RSI also reached 70, again, just like May. The CCI agrees, as the reading indicates that this security is strongly overbought, with a value of 168, near the 170 seen on 4/29, prior to the drastic down-move. These similarities ought to be duly noted, and are indicative of the strong bearish sentiment that is beginning to prevail. Fundamentally, there are many key issues that haven't been solved, yet, somehow we are near all time highs. The notion that with trade tensions still present (between not only China, but also the EU and Mexico, among others) all time highs are reached is befuddling to us. Using the CAPE (cyclically adjusted price to earnings multiple) measure promulgated in Benjamin Graham's classic, companies also seem extremely overvalued. Also, we note that the strong jobs report on Friday completely curtails the chance of a 50 bp Fed Funds Rate cut, and lowers the possibility of the 25 bp cut that is priced into rate markets.
AMEX:SPYShort
by LaurenTrading
2
TRADERSAI - A.I. Driven Model Trades for FRI 06/14Earnings and Economic Headlines to begin to Replace Geopolitical Concerns?      No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks' earnings concerns (read, Broadcom's), China's weak economic numbers, IEA's oil demand outlook, and Gold's rise...these are likely to consume investors' sentiments today, heading into the weekend.      Detailed trading plans at TradersAIdotCom under S&P OUTLOOK for FRI 06/14
SP:SPX
by TradersAIDotCom
SPX reverse off horizontal swing high resistanceSPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:SPXShort
by Tickmill
S&P 500 Bullish until July?After further analyzing the trend the S&P 500 continues to find support on this uptrend channel as well as the RSI on the Daily time frame. This leads me to believe that the S&P 500 is going to continue to rally higher. Next Target for me is 2992. This of course is negated if the upwards supporting trend line is broken on both the RSI and the price. Eventually we will have to get a break out below the support and undergo a correction and based on the timeline I am looking at we could continue to rally until sometime in July or late June. So for now go long my previous short position was closed at the support level since it did not get broken. So for now longing is the way. :) If you like my analysis give me a like and follow for more content thanks :)
OANDA:SPX500USDLong
by ILikeToFomo
Possible inverse head and shoulder forming?The S&P has finally retraced back to the all-time highs! However, there are quite a few Bearish divergences forming in the chart which leads me to believe a larger correction is coming. This possible correction may lead to a potential inverse head and shoulder pattern which in return is Bullish for the macro trend. If we were to retrace back down to the.618 fib level then rally back to retest all-time highs, we could get a bull break that can take the markets to new highs. For now, we wait and see what happens but the overall macro trend is bullish so far. The recommended course of action is to buy the dips if you're a long term investor or if you want to trade open up a short at current levels and see if the market pulls back. If you like my analysis please leave a like comment and follow will gladly appreciate it :)
OANDA:SPX500USD
by ILikeToFomo
Angle of the January-April Bull Rally Is One of Many Red FlagsSPX has trended at a 57 degree angle since the 2008 financial crisis. While trend line theory suggests any stock above a 45 degree angle is troublesome, perhaps the SPX is an exception. However, the current trend we are witnessing is at a 67 degree angle, suggesting a significant pullback is warranted. Take this with the global fundamentals (slowing Europe, slowing China) and oscillators which indicate overbought, SPX is probably in for a bit of a healthy pullback.
SP:SPXShort
by WhiskeyTangoFoxtrot3
2
S&P 500 Continues To Head HigherLast post: March 20th 2019. See chart . Review: Price was at a level of support. Update: Price has since bounced off that level of support and continued to move higher. Conclusion: The next major area of resistance is the previous all-time high. If price can break this level then we should see big bullish moves in US stocks. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
SP:SPXLong
by Sublime_Trading
3
S&P 500 Demolishes Any Chance of RecoveryAloha, trader! Welcome back to another S&P update. If you've been keeping up with our posts, I noted over the weekend that traders should be watching the S&P 500 index, on the brink of a crash. This week, that crash has been playing out, destroying the 2 month bullish rally we've been seeing. Today was a big day for the index, as it needed to beat possible support at around $2755. The bears have won yet again, however, and as we predicted, S&P smashed below. We can expect further bearish price action. I still estimate the index to drop as low as $2500, but perhaps faster than I had originally imagined for such a large fund. Nevertheless, I will hold my short on the index by longing shares in SPXS. I do not expect any noticeable bounces to occur, MACD for the index is strongly indicative of more bearish action, but we've seen crazier. We've been right about the initial S&P drop, the crypto breakout and Ethereum rally, will we be correct about about a second drop for S&P? Thanks for reading, leave a like if you agree!
SP:SPXShort
by nextrades
2
S&P 500 Crash Playing Out as ExpectedHi, all. Over the weekend I recommended looking into shorting the S&P 500 index, as it looks on the brink of a crash. Today, we can already see this breakdown taking place, as the index dropped nearly 11 points today, producing fair returns through SPXS (triple leveraged reverse index for the S&P 500 index). However, we must not assume that this drop reflects the crash just yet. The MACD chart shows that the index is going bearish in coming days, but we must remember similar pullbacks like the one today may happen all the time. Additionally, we can notice that buyers pushed price back up after the initial sharp drop. This could indicated possible bullish action in the near future. Despite these arguments, however, I still hold that the index will eventually drop to around the $2500 level before bouncing on the support, but may possibly rise back up to around $2850 before really crashing. For the time being, I am going to continue to short the index by buying shares in SPXS. Thanks for reading, leave a like if you agree!
SP:SPXShort
by nextrades
S&P 500 whats next?Update on the S&P after calling for a reversal at the 200 Weekly Moving Average back in December. Now the S&P 500 has exceeded my expectations and broke above prior resistances pretty easily. For the bullish scenario, I would like to see the S&P 500 to maintain support above 2700 and consolidate sideways to then breakout to retest the 2800 level. Any break below 2700 are Bearish signs and could lead to a steeper correction. But for now, expect minor pullback with some sideways movement in the short term. If you agree and like my analysis please like and follow will update again soon :)
SP:SPXShort
by ILikeToFomo