Gap close in Custom ES/VIX Spread ChartThe current S&P 500 monster rallye is actually starting a correction, when divided by its volatility. TVC:VIX
Also note how the gap from march panic sales is now closed.
We are seeing increased volatility paired with higher prices, which should be seen with at least some caution...
SP-500
SPY Retesting Original Channel, ShortI have noticed many folks on here adjusting the channel that SPY is in a bit too frequently. If we draw the original channel that we moved upwards in, it becomes more clear that SPY has fallen out of the channel and is now retesting that structure. I have updated my original idea, to now show only 1 option moving forward, as I believe this one is the most likely. (See prior post for that idea).
I think the next gap to be filled will be the one below at 280. A rapid 15 percent correction could be the nudge that the Trump administration wants to give congress to push through more stimulus this month. Assuming this plays out, I will go long once that gap is filled as it is likely we see new highs and go parabolic into election season, that just seems to make most sense from a psychological standpoint, since this market clearly has no bearing on fundamentals at the moment.
Also, sorry, meant to say "now retesting" on the chart.
S&5-500After the first impulse from the local bottom, we'd corrected to the 38.2% Fibonacci then we bounced up. Now we are moving into the local downward channel that's a correction channel. We have already reached the level of 38.2% and started to grow. There is a possibility that we can still fall to 50% near the lower support line and after that, we’ll break the resistance of this channel and go to the next resistance lines.
In general, I expect US market recovery for the next 2 quarters, so I don’t think that in the near future we will go straight to update the bottom. Key support and resistance levels you can see on the attached chart.
Best regards EXCAVO
SP 500 Monthly TF AnalysisAt recent crash, SP500 index found it's first support and %10 bounced at Fibonacci 0.618 extension level of last decade. It wouldn't be much surprising if 1.618 level will try to hold with all that old price action area nearby and the purple potantial support. RSI still has a room to say oversold, check the green boxes at RSI. I'll be monitoring well dipped stocks besides tourism industry which is too early for me to rely on yet.
U.S Dollar Index Potential Long Move by ThinkingAntsOk4H CHART EXPLANATION:
Price in on a clear uptrend, and now it has broken the top of the Ascending Channel. This is a clear bullish signal, so, we consider it has potential to reach the Resistance Zone. Will look for a lower timeframe bullish opportunity.
DAILY CHART ANALYSIS:
SPX - Bearish RSI Divergence - 2000 - 2007 - 2019 Quick one here.
SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC.
This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices.
Another piece of information to bear in mind.
Don't be Fooled - Best Recession Indicator Flashing Red - SPXYes it is nothing new or original, but it bears repeating.
The inversion of the 2yr and 10yr US yields still remains the holy grail of predictive indicators, once these yields invert (the 2yr yields more than the 10yr) start your stop watch to recession.
DO NOT BE CAUGHT OUT
Protect your wealth that you choose to hold within the financial system, think about taking profits now near ATHs.
Stay safe out there.
SP-500/ Gold - How to Buy Shares 90% Off - ValueCyclesSP-500/ Gold - #ValueCycle Analysis
*Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500
*I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below)
Macro Analysis: Lower Chart
- After the lunacy of the tech wreck in the late 90's into 2000 the ratio peaked at just shy of 5.5 oz to 1 share of the SP-500 (obviously this would be more pronounced if we were looking at the Nasdaq)
- From the peak in 2000, the value of the SP-500 has plummeted largely unabated until 2009 - 2011, finally hitting a low of around 0.5 oz at the time of the financial crisis and the introduction of Central banking QE,
- This means that had you utilized this pricing/ entry method you would have been able to sell your shares at 5.5 oz and buy them back for a 1/10 of the price (illustrated with the red arrow)
- This eventual bottom also coincided with the 90% bubble fib retracement level (a useful level, few people utilize)
'Near-term Analysis: Upper Chart
- As you can see the SP-500 has stalled at the 38.2% fib retracement (possibly a dead cat bounce on the way lower)
- This, coupled with the broader macro economic outlooks (weaker economic data, weaker manufacturing and greater Geo-political tensions) makes a strong case for this to result in higher gold prices (thus a lower ratio of stocks to gold)
- I think it quite likely that the Fed will have their hand forced and will resume QE or some other form of stimulus to prop these markets up, but the beauty of this system is that you are pricing the assets in a more stable, non-inflationary numeraire, one that under such QE/ central bank intervention would thrive (thus revealing the true depreciation in value of the underlying)
Putting it all together: An example
- E.g. Sell your 10 Shares of SPX at 5.5 oz (red arrow) = 55 oz ($250/ oz) = $13,750
- Re-enter stocks at the green arrow for 0.5 oz/ share = 110 share of SPX (55/ 0.5) = $104,500 (55 oz times $1900/ oz)
- Convert your shares back to gold (2nd red arrow) at 2 oz / share = 110 shares times 2 oz/ share =220 oz = 220 oz times $1520/ oz = $334,400
Total return = 2432%
But more importantly, you have been able to leverage your existing holdings to acquire a non-depreciating asset, in this case gold (but there are many, many different options available to those who can properly utilize this strategy).
If you liked this idea, let me know, give me a follow, thumbs up and follow my Twitter so you never miss a trade/ investment idea a
S&P500 ALL TIME HIGH IS CLOSE!Hey!
It's time for a brand new S&P500 analysis.
S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further.
NOTICE:
YELLOW LINE : Broken trendline in the middle of the other two.
RED LINE : The bottom trendline which is the current support IF S&P500 falls.
LIGHT LINE : Current resistance level. It shows that we will probably end up having 2950 points at least on S&P500.
ORANGE LINE : The current goal for every trader there is. Usually when a secure brokes all time high It will go down. If we reach 2940-2950 points I would suggest to short S&P500.
DARK BLUE : The current horizontal support level. ( This is more likely to happen rather than RED LINE )
The only indicator I'm having in this chart is EMA15 which comes from the lower part of the candle which means we're still bullish.
Pst. Click that follow button by the way! ;)
See you soon!
-JJ-
SP TO BOTTOM 2508 TO MY ALT 2455 BEAR PHASED ENDING NOW BASED ON MY FORECAST THAT THE TOP IS IN JAN AND THAT WE ARE IN A 2 YEAR BEAR FYI ONE DOWN ALREADY MY FRACTAL WORK LOOKS FOR MY CYCLE LOW DUE NOW INTO DEC 18 AS LONG AS 2445 HOLDS I STILL HAVE A SHARP RALLY FYI I WENT LONG SP 2566AND 2547 ADDING 2510 AND 2483 WE SHOULD SEE A SHARP RALLY BACK TO JUST ABOVE 2815 INTO JAN 14 PEAK
S&P 500 Index Long term OutlookThis index could still run a few miles ahead even though there is a tremendous technological valuation that needs correction.
A lot of things can change in 10 years, whether you like it or not Trump has a lot of power and influence on the USA and world economy for the next decade.
This projection is based on the fractal nature of market cycles.
SP-500 TRUMP vs CLINTONThere is no difference Trump or Clinton.
They are just dolls and the puppeteer is not visible.
"Owners of money" manage market (FED owners)
It is also the main sponsors of presidential elections
And last the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger