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Snp500

Russia Tensions Hit StocksStocks have tanked off Ukraine/Russia tensions. We were holding the value area between 4462 and 4580 last week, but have smashed through the lower bound of this range and have reentered the value area between 4272 and 4440. The Kovach OBV has dropped significantly, but appears to be leveling off as the S&P 500 clamors to find support. A green triangle on the KRI signifies some support around 4364 or so. If we continue the rout, then 4272 should be the lower bound. If we pick up momentum, then 4440 and 4462 are the targets to watch.
FX:SPX500Short
by quantguy
ES1! SPX500USD 2022 FEB 14 Week ES1! SPX500USD 2022 FEB 14 Week Last week's ES tested recent high and weakness at top presented a good short opportunity late week. Shall wait for price reaction at 4411. I am more inclined to look for short opportunity should price goes up on low volume. Weekly: Average down bar closing near low = weakness. Additionally, it looks like a reversal set up. Daily: Average volume down bar closing off low, some demand is present. H4: UHV higher volume down bar closing off low = strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4587 4520 4492 4411 4446 4318 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
VXX (VIX ETF) hints of increasing volatilityThe VXX is the VIX ETF and tracking it gives an idea of the VIX from a unique perspective. In the weekly chart, for most of 2021, there was a building MACD bullish divergence. Given the higher low and the rather full bullish candle on Friday, any continuation of this rally aligns price to the indicator. Inadvertently, the would be downside volatility in the equity markets to follow... The VIX, via the VXX ETF, is suggesting a plausible spike in volatility in the coming weeks.
CBOE:VXX
by Auguraltrader
1
S&P500 don't look so good...The S&P500 futures do not look well at all... Weekly chart has "hairy tops" that indicate failed rallies, and the candle body is engulfing last week's candle body, ending the week very close to the weekly low. Bearish momentum prevails clearly. supported by technicals below. Daily chart has a clear 55EMA failure, a second failure no less. The technicals are just turning with the MACD turning bearish. When it starts being bearish, there should be no problem breaking below into the 4300 range will see target downside to 4140, at the lower end of the range.
CME_MINI:ES1!Short
by Auguraltrader
As Predicted, Stocks RetraceStocks have rejected 4580 as we anticipated yesterday. After inflation data yesterday and increased Fed rate hike expectations, the S&P 500 sharply rejected 4580, where we anticipated strong resistance anyway, and retraced the entire range back to lows at 4462, exactly as predicted. The Kovach OBV appeared to be gaining gradually, but has turned sharply bearish with the selloff. We appear to be leveling off suggesting support at current levels will likely hold. But if not, watch 4440, as it is the upper bound of the recent value area between 4272 and 4440. From here we are likely to continue the sideways correction between 4462 and 4580. Watch for continued resistance at 4580. If we are able to break this level then there is a vacuum zone to 4632.
FX:SPX500
by quantguy
SPX (2022-02-11 Triangle)As the trading week progresses, we have a triangle on the daily forming 1) CPI news Cause: sell-off Effect: gap-fill at market open 2) Bullard Hawkish Remark Cause: bullish structure has been broken at 4553 Effect: market will need to find a base at C Key characteristics of triangle: Declining volume Personally, I took a short Entry: 4545 Stoploss: 4555 Final Target: 4495 In such fast-moving markets, there ain't no bears/bulls and we really got to be very very nimble.
OANDA:SPX500USD
by goderictia
2
Stocks Testing Resistance Stocks have tested the upper bound of our range at 4580. We anticipated the S&P 500 to hold the range between 4440 and 4580 in yesterday's report. We currently appear to be running into resistance, but there is a vacuum zone above to 4632 if we are able to break through. The Kovach OBV has picked up, but does not seem to match the strength of the rally, so beware of a retracement at current levels. If we do retrace, we have plenty of options for support in the 4500's, with 4440 or 4462 likely candidates for floor prices for now.
FX:SPX500Long
by quantguy
Analysis of S&P500 (2022-02-10)Read my first post clearly and in detail to understand the logic Daily (Wave 5) 1/4H (Wave 3) As shown in chart Price moves in fractals from higher to lower tf. Trading plan: Before market open, CPI numbers will move everything and IMO: 1) If gaps up, sold to fill the gap 2) If gaps down, bought to fill the gap BEHAVIOR OF RESISTANCE ZONE - 4600 -Coincidentally, it is a fib level of wave C -Psychological number of 4600 ***resistance zone tends to break after several attempts to test it*** Note: -Bullish structure establish (inverted H&S ) -I do not believe and use lagging indicators which are derivatives of price such as MACD , RSI etc RISK MANAGEMENT The strategy doesn't matter but having a good risk management is very important. Even if you disagree with me, you can also be making money on the short side w proper risk management.
OANDA:SPX500USDLong
by goderictia
2
Why We Are Not Getting Excited About the Stock Rally Yet... 🥱Stocks have broken out from their consolidation pattern we discussed yesterday. This breakout was a bit disappointing, as we were unable to even test highs at 4580. We met resistance just shy of this level at 4545, where a red triangle on the KRI is confirming resistance. The Kovach OBV is almost completely flat, despite this small rally, which does not give us much confidence in its continuation. If we are able to continue the bull run, we will almost certainly meet resistance at 4580. Note that after this target, there is a vacuum zone to 4632. It appears that stocks are still in a sideways corrective pattern, suggesting that we may retrace within the current range, and find support again at 4462. If this level does not hold, we should see further support from 4440.
FX:SPX500
by quantguy
SPX (Expanding Triangle) continuationSummary of yesterday's idea and trade -SPX is like my puppy, following my levels exactly -From my yesterday's post, you should be up about 60-70 points, each contract ($50/pt) = $3000+ profits Tonight's zone -Fib levels -Supply zone -1/4H trendline -Exp triangle trendline -4H MA -4550 psychological level -Measured move from yesterday's push (60.3 points) What more do you need? With so much confluence at a level, I will short it as a day-trader. As a swing/position trader, I will enter long as it goes down to trap all the bears. Analyze, think and consider 1) EVERYONE is hedging on this "bear move", so who will benefit? Consider the repercussions, MM's next move and $VIX. THINK!!! 2) Whenever FED tightens or raise interest rates, is the effect immediate? And how long before the effect goes into the market? Once again, refer back to previous data and THINK!!! 3) PMI, Oil and Yields are indicating this is not yet the bear market. WAVE 5 Characteristics -Low volume -Usually at 61.8% or 100% of Wave 1 -Liquidity created through MM's buying on the hedges and stops TAKE NOTE: In response to all the DMs, I do not provide signal service, discord or tutorial Follow to see how 0.01% real traders win.
OANDA:SPX500USDShort
by goderictia
4
Stock Breakout Soon??Stocks are ranging in the value area we identified yesterday, currently finding support at 4440, the exact level we called out in these reports. We are holding a narrow range between 4440 and 4545. Volatility has consolidated considerably, and we are forming a sideways correction, possibly a triangle pattern. The longer that ranging will continue, the more likey a breakout will follow. The Kovach OBV is sloping downward, suggesting a slight bear divergence. If 4440 does not hold, then we will reestablish the range that stocks have held between 4272 and 4440. If We gain momentum, we must first break through 4580, then there is a vacuum zone to 4632. We must break 4580, before being considered 'bullish' again.
FX:SPX500Long
by quantguy
Stocks Retrace, Breakout Soon??The S&P 500 has retraced a bit after breaking out to 4580. This is a significant target which must be solidly broken if stocks are to consider new highs again. There is a vacuum zone above this level to 4632, which is our next target. However, we are seeing a corrective phase after the push from the low 4200's, with a retracement to support at 4440, the exact level we highlighted. From here, we anticipate more momentum for stocks, as the Kovach OBV is starting to pick up and the markets seem to be digesting news of Fed Rate Hikes, Omicron risk, inflation, world wide vaccine protests and more. If we continue to sell off, we anticipate support in the value area from before with 4272 a likely floor.
FX:SPX500Long
by quantguy
1
BTC/USD : Trading range configuration (28,800 <=> 69,000) BTC/USD : Trading range configuration (28,800 <=> 69,000) How to describe the price action on goin on crypto and BTC/USD on current level? First of all it always depending the timeframe you are focus on. Here i will present the BTC/USD picture with the same way im used to do it since year : 1/ Situation on Strategic horizon (6 to 12 Month) 2/ Situation on Tactical horizon (1 to 3 weeks) 3/ Potential short-term trade idea (activable trade regarding R/R) 4/ Situation of the BTC regarding the global macro aspect (Multi asset classes and performance of the BTC within Crypto asset) ----- 1/ Strategic Horizon (Range before rise) Looking at (Monthly/weekly/daily Chart elements), the market is progressing within a significant bullish trend with a many chart, wave, and indicators occurence showing 28,800 as a Strategic support to keep safe in weekly close i order to keep the bullish trend valid and anticipating a new ATH towards 77 000 before in the best case 100/120K (max before significant bearish market) Main element : Elliot wave showing a configuration (Corrective wave in Zigzag Flat) to shape wave (IV) consolidating the full up trend from 3000 to 69K. A wave (IV) is totally logic here and quite healthy in order to accumulate new bullish momentum on indicators to push the market higher Once we say that it is normal to follow the downside swing on a shorter horizon.... 2/ Tactical Horizon (bearish towards 34800 max 28,800 - As long as 54000 remains resistance) The 24/09/2021, the combinaison between chart (double top test), Indicators (Divergence rsi + death cross MM daily) + Range configuration (Elliot) on Strategic horizon gave a clear exhaustion signal to fade from the swing up off the range (recovery after the 2020 sell off), 3 weeks after it was the ETH and 4 weeks after it was the CMC 200 index Ex BTC (TOP 200 crypto index) which gave the same signal. It means following this analysis a reduction to the exposure on BTC at 67400 and all the exposure on BTC at 64200 to wait the construction of the downside swing (69000 to 34800) before accumulating new bullish position on BTCUSD. Today The closest key tactical resistance is setup at 54K (See Daily element) MM resistance + Elliot/fibo key level are defining the key resitance to follow the continuation of the drop in order to reach 42400 area before the tactical target at 34800 (If we are following the Elliot wave account, we are now engaging the wave 5 from (c) from (IV) it means the drop towards the support after having consolidate in flat move the last past 20 days (accumulation before drop) 3H hours chart element reverse bearish today after having attempt to accumumate in bullish area in order to test the daily key resistance element (failed) So the logic now is to wait that the daily chart element at least provide exhaustion bearish signal by providing at least a divergence close to the strategic key support (as you can see the RSI is just below 50% so there is room and time... so no rush to buy the dips now.... 3/ Trading idea In the configuration selling all the dead cat bounce are good even now... The first Key resitance level to setup stop position (robust one i mean) is at 51050.... targeting 42400 as free lunch target lets say that between 49000and 50000 we can find a good area to short (i mean on intrday basis), if the market bounce till there (possible as long as 47000 stay support today or tomorrow). But keep in mind that only 54000 K remains the doors to break to invalidate any change of the current bearish dynamic. Mixe conviction to see larger bounce here but in case of 51050 Stay on my perspective the only strong intraday key resistance. 4/ BTC in macro view Here an article (i designed it) : learn.akt.io (keep in mind the level on SP500 are on weekly basis - so 4760 has been challenged but the zone is 4760/4830) Have a nice evening Jean
COINBASE:BTCUSDShort
by JeanJean1983
2
ES1! SPX500USD 2022 FEB 07 Week ES1! SPX500USD 2022 FEB 07 Week Last week's ES saw price rejection at previous breakdown level 4573 and test of breakout 4411-4446. Shall 4411-4446 support hold, shall look for long opportunity. If market returns into rotation, strategy will then be to short at upper boundary resistance and long at lower boundary support. Indecision on Daily/Weekly bar may cause whipsaw movement, trade with care. Weekly: Average volume up bar closing in middle = indecisiveness Daily: Average volume bar closing in middle. It has a lower low than previous bar, and closed higher and in the middle = some strength, but indecisive still. H4: High volume Upthrust bar, weakness will be confirmed if next bar closes lower. Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 4446 4318 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Stocks Reject Higher LevelsStocks have showed some weakness after rejecting higher levels at 4580. We appear to have topped out at this level for now with several red triangles on the KRI confirming prohibitive resistance for now. The Kovach OBV has taken a notable dive downward, but we have found support for now at 4462. We might be forming a bear wedge with a lower bound at this level. If we are able to break through, we should see good support at 4440, otherwise we will enter the previous value area between 4272 and 4440 again. If we see a burst of momentum, then 4580 must be broken before we attempt higher levels in the 4600's.
FX:SPX500Short
by quantguy
Stocks Meet ResistanceThe S&P 500 has made a run for higher levels, but has faced extreme resistance at 4580, which we identified as a hurdle for stocks in these reports. We attempted to break higher, but several red triangles on the KRI have confirmed resistance. Subsequently, a small retracement took us back to support at 4521. The Kovach OBV is pretty flat, lending skepticism to this rally. If we retrace further, it is likely that we will see support at 4440 again. If we are able to see momentum come through then 4632 is the next target.
FX:SPX500Long
by quantguy
2
Stocks Hit Our Profit Target 🤑📈 Will Momentum Continue??Stocks have gained notable momentum. We have broken through our first target of 4487, and have made a run for the second level at 4580. We are currently seeing some resistance at this level, confirmed by a red triangle on the KRI. There is a vacuum zone above 4580 to 4632, which is our next target for the S&P 500 if we are able to break 4580. The Kovach OBV is trending up, indicating bullish momentum, but we are facing a lot of resistance from these levels. If resistance prevails, we may retrace to support at 4487 again, or even retrace the entire move back to 4440.
FX:SPX500Long
by quantguy
Stocks Break Out!!Stocks have gained steam in the Asia-Pacific session, finally breaking through the upper bound of the range at 4440, which they have been holding all week last week. The S&P 500 was able to reach our next target of 4487, and continued to trend up, before finally coming up for air around 4521, where two red triangles on the KRI are noting resistance. The Kovach OBV has picked up significantly, suggesting there may be more legs to this rally. Watch for momentum at the open for confirmation. If so, then our next target is 4580. Once we break this level there is a vacuum zone back up to 4632. In the event of a retracement, 4440 should provide support, and if not, we will reenter the value area between 4272 and 4440 once again.
FX:SPX500Long
by quantguy