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Snp500

ES1! SPX500USD 2023 JUNE 05 WEEKES1! SPX500USD 2023 JUNE 05 WEEK Once price breaks out of 4303 and it becomes support, market will likely test next level 4584. Scenario Planning: 1) Continuation long: Long on retracement Note: Longer Term: 4150 need to hold as support in order for long trend to remain intact. Volume Analysis: Daily/Weekly: Ave vol up bar close toward high = NTC strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4584-4525 4303 4150 *NTC = Non Trend Changing Remember to like and follow if you find this useful. Have a profitable trading week. *For educational purpose only.
CME_MINI:ES1!
by paradox677
ES/SPX500 Drop offLooking for a drop off to occur in the market soon. Seasonality wise speaking June tends to be negative. Thus, I would like to see a drop in the next couple of weeks. There is the August high which looks tempting as a DOL and there is a FVG left back in April 2022. I will watch price when we engage in both of those levels and will see how price reacts, if correct price action is seen for the bears to take over, I will short. The targets are also outlined, and once reached, will re-evaluate the scenario to see if we get further downside.
OANDA:SPX500USD
by Turtlesoup_Maestro
SNP 500 Corrective Price ActionThe SNP 500 $SPY is in a corrective pattern which in EW is called an open diagonal where each subwave of 1-5 subdivides as either 5-3-5-3-5 or 3-3-3-3-3. In this chart, I've counted the diagonal as 3-3-3-3-3. Currently, the SNP 500 is making a zig-zag in (b) before continuing in five waves down to complete ((v)) of A. Currently expecting the SNP500 to go to around 300 before turning up and beginning the B wave. I don't expect to see any corrective rally's until after mid term elections in the US.
AMEX:SPY
by HelioHelix
2
Significant Divergence in equity markets and leading indicatorsObservable for weeks now, and recently, the divergence is much more pronounced. What I am referring to are that the equity markets appear to be more and more bullish, breaking out of trendlines; while the leading indicators (TIP, TLT, JNK and inversely VXX) show an imminent deterioration, about to breakdown of trendlines. The combined US equity markets and particularly the NASDAQ itself is very bullish, spiking up and hard in the last two weeks, extending further from mean. So, going forward the next couple of weeks, either one of two needs to happen. EITHER, the equity indexes continue the upward surge and the leading indicators reverse course to align and exceed (and return to be leading indicators); OR the equity indexes breakdown really hard to converge with the leading indicators. Watch for the latter, as the leading indicators break down of the trend line and show commitment. Then the equity markets may give a swift reversion into convergence and confluence. There are many ways to look at this and many more parameters to add in, but keeping it as simple as I would, perhaps waiting and watching for the next couple of weeks might be better than taking a committed position. Stay safe, keep a watchful look, be ready...
CME_MINI:ES1!
by Auguraltrader
SG10Y Govt Bond and SPY relationship Part VI - Bear for EquitiesAs mentioned in previous heads up over the last weeks, it had finally happened (as expected) that the SG10Y GB yield rates break out of trend line resistance. And from previous occurrences, this is a very reliable inverse leading indicator of the SPY (and other related equity indexes); meaning that the SPY should be tanking downwards within the next week or so. Enough said, pattern recognition checked, trend correlation checked, projection based on hypothesis checked... now the rubber hits the road. Not expecting any deviation from the correlation, so is very likely that equities should be tipping over in a bearish slide. HEADS UP!
TVC:SG10Y
by Auguraltrader
TIP off... Just want to show an anomaly observed here... sort of a tip off on what is most likely to happen. You see, I read Russell Napier's Anatomy of the Bear back in 2009 (not easy to get it as it is out of print!), and he describes TIP as one of the/a leading indicator ahead of the equity market. Superimposed on the TIP daily chart is the SPY (blue line), NASDAQ (cyan line). You can see that it does lead the SPY and NASDAQ. However, there is a deviation from the pattern since two weeks ago. TIP has been falling hard, and the technical indicators are all bearish no doubt; but the SPY has been cranking upwards, furthermore so the NASDAQ. So, here is the deal... either TIP rockets back up, or the equity markets dive down. Which would it be, you think???
AMEX:TIP
by Auguraltrader
2
[SnP 500] WarningFrom a technical point of view, the SPX is in a rising wedge pattern with bearish divergences on the indicators and a FIBO retracement near 61.8%. From a macro point of view, it should be remembered that all inflationary shocks have always caused a recession, the warning signs of which are bank failures (Silvergate Bank, Silicon Valley Bank, Signature Bank, First Republic Bank and soon PacWest). In the short term, the market drop will surely be triggered by the US debt crisis.
SP:SPXShort
by Bitcoin_Weather
2
Profits Over Patients: The Morally Complex Realm of Big PharmaThis strategy dissects the dual nature of big pharmaceutical firms like Johnson & Johnson, Pfizer, Moderna, and Merck & Co viewed through base Fibonacci Extension Clustering. Despite big pharma's significant contributions to healthcare, these firms have benefited from questionable practices, including price manipulation and exploiting addictions . Price manipulation is a notorious strategy where companies arbitrarily hike drug prices, often without any significant improvements in their efficacy. "Big Pharma" has faced backlash for allegedly contributing to the opioid crisis . By aggressively marketing highly addictive pain medications , they may have exacerbated a public health catastrophe, leading to thousands of deaths annually. Such practices illuminate the immoral landscape of the pharmaceutical industry. While these firms play a vital role in global healthcare, their business tactics often prioritize profits over patients, demanding a closer scrutiny of this sector's ethics. 1. Johnson & Johnson (JNJ): Around $440 billion 2. Pfizer Inc. (PFE): Around $240 billion 3. Moderna Inc. (MRNA): Around $110 billion 4. Merck & Co., Inc. (MRK): Around $200 billion TOTAL = 1 Trillion
NASDAQ:MRNA
by MichaelBsul
Overvalued Tech: Time for Tangible Assets & Fair ValuationsThe tech sector, specifically the 'Big Tech' companies have seen massive gains since the massive accumulation in 2010-2014. However, these increases seem disconnected from the companies' actual value or tangible contributions to the real-world economy. Their high price-to-earnings ratios suggest overvaluation and potential for a market correction. Invest in sectors with real-world utility and reasonable valuations - Allocate capital to sectors like industrials, materials, consumer staples, or healthcare. These sectors provide tangible products and services and often have more reasonable valuations. 1. High Valuations: Tech stocks, in particular, often trade at high multiples of their earnings or revenues. These high valuations can make them more vulnerable to market downturns, as they can fall more dramatically if investors reassess their growth prospects or risk tolerance. 2. (GOOGL, APPL, AMZN, MSFT, META, NVDA, ADBE, and TSLA) all represent a significant portion of the SNP-500 index due to their large market capitalizations. 3. So, in a S&P-500 meltdown , these tech companies could potentially see significant declines in their stock prices due to these factors. However, it's important to remember that the specifics would depend on a wide range of factors, including the reasons for the market downturn, the companies' financial health and growth prospects, and overall investor sentiment. 4. I would choose Tesla as the only pick out of all 8 as this company has shown lots of potential compared to our tech giants of the now. Even with the upbringing of AI it is not enough to save google or meta, but Apple and Microsoft might hold up strong as they are largest caps. 5. Google (Alphabet) : ~$1.5 trillion Apple Inc. (AAPL): ~$2.5 trillion Amazon (AMZN): ~$1.7 trillion Microsoft (MSFT): ~$2.2 trillion Meta Platforms : ~$1 trillion NVIDIA (NVDA): ~$500 billion Adobe (ADBE): ~$300 billion Tesla (TSLA): ~$800 billion TOTAL = 10 Trillion roughly
NASDAQ:AAPL
by MichaelBsul
SG10Y Govt Bond and SPY relationship Part VConditions appear to be shifting really quickly... just a few days ago, it appeared that the SG10Y Govt Bond was going to break a low and go further down, sending the correlated S&P500 (and other indexes rallying up. BUT, it brooke down and recovered very quickly. NOW, it appears to be ready to break UP and out of the downtrend line. This has happened before, including the indication of the MACD (shown here this time), where there is also a bullish divergence and just now, a crossover of the MACD on the Signal line. Therefore, expecting a repeat of early Feb 2023, and IF this is the case, then the corresponding SPY action would be a lower high and a breakdown (red dotted arrow projects the SPY (blue line). Watch the next 5 trading days... critical clues will be revealed. Btw, if this scenario is played out, then the USD should concomitantly be bearish, Gold bullish, Crude bearish for the most part, etc. Also... for those who are like keen to get the SG bonds, the yields should be rising, not dropping, so no need to rush. Have a good idea of what might happen (don't listen wholesale to those who want to get you to buy stuff), then make a plan to have that idea happen. So far, five parts to this story, and so far it is holding the correlation as expected.
TVC:SG10Y
by Auguraltrader
Combined US indexes - Where the spike up?IF you are getting a little frustrated, I am too... something is building up and meanwhile there is a lot of conflicting signals. The week passed, and it appears to suggest the opposite now... a breakdown is more likely... 60/40 in favour of a breakdown, if I may quantify. Set up the Breakout and Breakdown levels, and waiting for some real commitment. Meanwhile, MACD histograms indicate a bearish divergence VolDiv crossed down too. Very simply... volatility coiling to spring, and if no break out soon, it will breakdown. Sounds a bit obvious, but watching it pan out is half the fun. Enjoy!
CME_MINI:ES1!
by Auguraltrader
ES1! SPX500USD 2023 MAY 15 WEEKCME_MINI:ES1! Are we seeing the bearish ascending triangle already? As with NQ, tendency to take rotational trades has diminished. Scenario Planning: 1) If market remain within 4163 - 4118 = No trade 2) Larger rotation 4198 - 4068 = trade at boundary of range Volume Analysis: Weekly: Lower vol down bar close off low = some demand present Daily: Lower vol down bar close off low = some demand present Price reaction levels: Short = Test and Reject | Long = Test and Accept 4303 4198 4163-4118 (No trade zone) 4065 Remember to like and follow if you find this useful. Have a profitable trading week. *For educational purpose only.
CME_MINI:ES1!
by paradox677
Combined US indexes suggest a spike upThe Combined US indexes chart ended the week with a bearish candlestick that had a little bullish indication with a longer tail and closing above the support line (aka Fake Out Line #2). This is slightly bullish and represents a chance for the earlier projected target of 668 to be achieved in the coming week or two. Yes, technical indicators appear to suggest that it is a bit stretched but it does look as if it would like to spike up, maybe in a blow off top fashion. This is aligned to the USD drop described earlier.
CME_MINI:ES1!
by Auguraltrader
ES1! SPX500USD 2023 MAY 08 WEEKCME_MINI:ES1! ES1! SPX500USD 2023 MAY 08 WEEK Are we seeing the bearish ascending triangle already? As with NQ, tendency to take rotational trades has diminished. Scenario Planning: 1) Rejection short at 4175 / 4068 2) If market decides to spring a surprise, long on test of break of 4198 and finds support Volume Analysis: Weekly: Ave vol up bar close off high = minor weakness Daily: High vol narrow spread S>D bar = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4303 4198 4068 3928 3788 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677