SPY: Bear-SignalA bear-signal will be confirmed once SPY closes the week below line 'A' . Once 'B' is taken out, we'll see lows of 275, and trade sideways for a while. It looks like a further decline starting early next Year, but we'll address that when we get there.
(trend lines averaged with step-line on linear)
SNP
SPX500USD Quick Long Setup GET INHello traders,
SnP made a small flat in the middle right after the small up move and now I expect it to continue towards my original target that I posted on my previous forecast.
After this trade we will look for the sell back down to the 2.7 zone! Don't miss it.
SO - 2880
TP - 2933
SL - 2837
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
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Thank you,
Good luck
Could Bitcoin still make a lower low??Looking here we can see the fractal pattern in the green triangle and notice that the width of the triangle is supported by a low volume bulltrap in both the previous bull run and the one we are predicting for this cycle. The measured FIB move from the previous bulltrap ended at the top of the cycle before it which was also the 1.618 FIB line. Also, the measured move from the bulltrap this time would have the calculated 1.618 aligned perfectly with the high of the last run around $1200. The Fib Time cycle count says we are not quite finished with the correction as well. Also, all halvening dates are notated in the yellow vertical lines and I am predicting a halvening dump to rekt all the bulls who insist the halvening has to mean price increase. This is just a game of markets, money, and manipulation, so do not ever underestimate the power of the invisible hand. Also, giving prospective retail buys a cheaper chance to get in the game could be a serious driver for the number of bitcoin adopters, which will provide strength for the next run up.
Cheers!
S&P 500 Simply Trend AnalysisS&P 500 Simply Trend Analysis
It touched twice around 2950, so that the 2900 is now strong resistance line.
RSI and MACD shows bearish divergence now, so it might need some more correction time to get its direction.
Last week, there was strong candle which is compatible with the candle 2 weeks ago, so we need to see that it can break the short downtrend.
However, we can enter when the trend of RSI is broken and get another support line clearly.
Thank you.
S&P uptrend ending soonMomentum is slowing down as we approach ath and it looks price could reverse soon.
Tech stocks: The FAANG bubble popped. We are at a prime area for return to normal bull run to top.
Expect disapointing earnings fueling a selloff. Even if they are good we selloff anyway probably :p
And drive the whole market lower.
FAANG all in the same situation and big other ones too.
We seem to be at a time where retail dominated markets reverse in that area.
The chartguys whose videos I sometimes watch says that we could go up easilly if BioTech bounces.
FAANG alone are 11% of the snp and every one watches them, the whole planet knows about them.
Biotech is smaller and less people care and Theranos (eksdee).
Odds look good or ok.
S&P 500 just went back to downtrend channel - Part 3For short term trade:
From the chart, we could spot a double top pattern forming.
Be careful
If it fell below the 2614 to 2624 level, we could confirm short sell the S&P 500
Disclaimer: This is not a financial/trading advice.
Part 1:
Part 2:
cryptovan168
SNP500 - 2018 Buy / Sell Orders - Correction & Market Crash2018 - SNP500 - BUY & SELL Orders:
PRIMARY 4:
SELL @ 2800 with SL @ 2900 & Target @ 2500/2400
PRIMARY 5:
BUY @ 2500 with SL @ 2400 & Target @ 2900/3100
MARKET CRASH:
SELL @ 2900 & 3100 with SL @ 3300 and Target @ 800
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Stock market reaching the edge of a steep cliff Across the board we have seen several stocks and index's lose important support levels at the end of 2018 after a big run up of 60% over the last 3 years (bottom of wave 4).
For an example here on the SP index: Wave 3 hit just over a 1 to 1 Fibonacci extension before Wave 4 came down in an ABC. Sub wave 3 of the overall 5 then hits a 1.618 Fibonacci extension exactly, subwave Wave 4 then sees a small zig zag ABC correction before finally the 5th subwave moves up to form the overall 5th Wave with massive bearish divergences across all indicators, specifically in my preferred indicator the RSI. Once we saw Wave 5 form just above the 1.618 Fibonacci extension with the bearish divergences it was a good RR short, to play this down for an ABC correction overall to important support levels (we lost the first support last week)
Highlighted on my chart is how I'm trading this index with stops above Wave 5. I'm trading still the wave B which currently saw a lovely old support flip into resistance and then C downwards to a 1 extension of Wave A in the form of a zig zag. I will then zoom out to count and see if this ABC on a smaller scale is still forming 5 waves within a bigger Wave A, this is something which will require a few more months of data and sentiment check.
Overall targets remain top of Wave 3 (and the support 3% above it), 0.382 and even the 0.5 Fibonacci retracement. It must be noted though these are extremely bearish targets that may take years to hit and of course i understand the repercussions of such an event.
Potential Long Position For The SNPThis is just a short-term long position for the SNP, if you are a swing trader then there is a possibility we may bounce in January and continue back down on February.
I am basing this on the fib extension of 1.618 and the .236 Support level. Things could go alot lower as bearish momentum almost always moves faster than bullish momentum when it comes to the SNP 500.
Also I am not as expierenced trading the SNP as i am in other markets so take my charts as just guides as another traders viewpoint so you can further make your own desicions
Fibonacci time and price targetsIts a great example how perfect Fibonacci time and price extensions work together. Price moves after Fibonacci ratios also in time sequence, not only at price levels. Fibonacci time extension work perfect with oscillators like stochastics. Here I used modified Ichimoku settings (doubled ones).
China National Petroleum(SNP) Prediction using Gann and IchimokuI am predicting it will drop down to the green area and rebound upwards. I made this using #Gann angles and #Ichimoku graphing. I made this on August 9th 2018 at 4:10 P.M.
VIX 15 min. UpdateThis update contains some minor changes in markup. The initial Idea stays the same. I expect to see new low (but no lower than 9.90) which is needed for wave (((B))) to be completed. If the market crosses up the "critical point" then this scenario will be compromised.
P.S.
Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com
VIX 15 min. The volatility is going to jump soon. The wave 4, most probably, is not finished yet. This markup confirms my expectations regarding the end of the long-term bull market in US.
P.S.
Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com
US Indices – Bearish Intermediate (C) – Aggressive SELL - Part 2During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article.
US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan.
Same day, right before the sell-off began, I posted the CBOE (VIX) - Volatility Index - Pointing towards a Market Crash article in which I mentioned that volatility could return, explaining how complacency can turn into fear.
Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb.
This was mentioned and signaled multiple times during the Advanced Video Course (see Macro sections and Charting).
Since the sell-off, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb.
2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red).
Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it.
The S&P500 possible drop was mentioned in the SNP500: 2018-2019 Buy & Sell Orders - Correction & Market Crash post.
Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader!
SNP500 - Short Position:
Entry @ 2710.00 (or Market)
SL @ 2740.00
Targets: 2600.00 / 2500.00 / 2400.00
spx get ready to take a ride?since we've been so crazy overbought, it stands to reason we'll have a pretty large retracement if things surprise to the downside. if that happens, i envision this scenario... hopefully i'm wrong. If we take prior drawdowns in consideration, a 30-50% move would bring us pretty close to these figures.
Understanding Market Expectation Is ImportantUnderstanding and having a basic expectation of how the market tends to move is important not only for traders, but for investors too.
If you get in too early, you suffer unnecessary drawdowns.
If you get in too late, you will either suffer losses, or miss the train.
In trading and investing, there is more than just entry and exit.