Can the S&P 500 Go Higher?On the left:
We have a 5 wave move up and are finishing our ABC correction.
2009-2020 bull run fib retracements in black.
Statistical probability of finding a bottom at specific zone, labeled in blue. We found a bottom on march 23rd in the 60% chance zone.
On the right: Zooming into the correction
The correction appears to be a Elliott Wave regular flat correction.
Elliott Wave Regular Flat Correction: imgur.com
I'm a buyer now, @$2,788 and @$2,750
T1: $3,100+
T2: Gap @$3,260 - $3,328
Sp1
S&P500, Where to SELL???Please Support this Idea with LIKE if it is Useful....
S&P500
The price is struggling to keep above the 61.8 fib level,the price failed to make significant move above the level 2 times already,as long as price does not make a strong move above the 61.8 fib level the price will stay bearish..after a big bullish move the price do need a pullback,So wait for the price to make a bearish move and after a pullback SELL if price gives a bearish signal...Trade carefully market is very volatile nowadays...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 8hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
TESLA INC (TSLA) REVERSAL CLUES TO CONSIDER!
hey guys,
daily divergence on rsi and immediate, strong bearish reaction from 850 resistance makes me think that something is coming.
for now, the main resort for buyers is 685 structure support.
during the last month buyers 3 times made the market move from that but each time the movement was relatively weak.
if bears will be able to return the prices back again to the abovementioned support,
we should look for its bearish breakout.
being broken to the downside, buyers will lose their confidence and the price will start falling.
don't miss this potential opportunity and set the alert on a key level to be prepared!
S&P futures looking to fall out of the rising wedgeIt looks as if the pattern is getting broken and the target is the baseline of the rising wedge!
If this happens, we have to wait and see what will happen to all stock markets, it may be a really bad sign.
MCDONALDS (MCD) On Key Level! Two Scenarios!
Mcdonalds is approaching a key daily resistance level.
on 4h is coiling in a rising wedge pattern and clearly, the market participants are waiting for some trigger.
earnings I suppose!
for now, the price action is weak and we should be prepared for both scenarios.
in case of a bullish violation of the key level, we will see a bullish continuation to 206/217 levels
in case of a bearish breakout of the wedge, we may expect a drop to 170/156!
be prepared for both scenarios and follow the market!
good luck!
SPY ScenariosNot Financial Advice.
Looks like a few scenarios could play out here, rally to new highs or continue the downtrend. I don't see people talking about that massive bullish engulfing on the weekly?? I see a lot of news and retail is extremely bearish talking about recession and depression. This is dumb money and to me it makes me extremely bullish short term. Perhaps if sentiment changes in the bull trap that could develop then I would switch back to bearish. Want to see a drawn out bull trap of like a 6 month rally to top of megaphone wedge and rejection to new lows would be perfect to fuck over retail. They re-enter the positions they jumped out of at the lows at the range highs then rinse and repeat.
People saying the Federal Reserve is out of ammo are on crack. The USD is the reserve currency of the world today like it was yesterday, rates are at zero but still not negative, and now the FED is going to buy ETFs. To me this could launch another leg in the markets to new highs. Eventually this Ponzi will unravel. Maybe in the mid 2020's when the boomers are pulling more out of the market than millennials can put in with their 401k's. Or maybe millennials put their 401k allocations to gold and bitcoin and thus the capital flows to equities ends up really shrinking to the point where the FED can't keep up without buying majority share of equities? will be an interesting decade.
Looking at most stocks like Boeing, LMT, Tesla, and others, I wouldn't want to buy these stocks here. Why? I want to buy a massive crash or just look at accumulating cheap commodities which are already down massively.
The equities market could take years to unravel like the Nikkei. I think Commodities see greater returns over the next ten years vs equities, but that is my thinking and shouldn't be viewed as financial advice. Interested to hear others thoughts...
Peace out and God Bless.
S&P500 is close to Strong Support/Resistance,SELL setup...Please Support this Idea with LIKE if it is Useful....
S&P500
The price is approaching strong Support/resistance level,if price reach the level it could give us a nice Sell opportunity with good R:R ratio,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity..
Trade it with proper Sl..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SPX500 INDEX (SPY) Short Trade Explained!
hey guys,
the previously discussed 2800 level is still respected by the index and for now, bulls are not able to go through.
on 1H I have noticed a completed head and shoulders formation.
the market is currently in an attempt to break below its neckline.
in case of 1H candle close below the underlined support we can sell the market expecting the continuation to lower levels of structure:
2636.0 - previous support
2536.0 - next support
stop will lie above the right shoulder - 2800.
in case of a bullish reaction from neckline and continuation above the head level our setup will be invalid.
SPX500, The most accurate place to SELL....Please Support this Idea with LIKE if it is Useful....
S&P500
The price is approaching strong Support/resistance level,if price reach the level it could give us a nice Sell opportunity with good R:R ratio,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 2hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SPX500 INDEX (SPY) May Retrace! Here is WHY:
hey guys,
spy almost reached 2800 level.
if you open a daily or weekly chart, you will notice that it is a strong historical resistance level.
moreover, on 4H we have a perfect match between the resistance of the rising wedge pattern and previously mentioned structure.
+take into consideration dodji formation and rsi divergence.
these factors make me think that during Thursday's and Friday's session the market may retrace to the support of the wedge.
Adjust you trading plan accordingly!
good luck!
SP-500The number of investors has decreased over the past month,
Everything was classic they reported that a record number of brokerage accounts opened, people ran to the stock exchanges began to be interested in investments and of course, everything happens at the last moment.
Markets fell
I got these signals when people who had never experienced an investment started asking how to buy shares.
I track these signals very well - this entire process is explained by the logistics curve - the speed of information distribution
schedule
The US government has done much to stop this decline
- Stop exchanges
- Reducing the interest rate to zero
- The unlimited QE - an incentive program
I think the first wave is over and now I expect a local reversal.
The bottom is formed, the levels are held, the resistance line is broken.
And perhaps we will hold on to these pillars for another quarter or even go up.
This is despite the fact that the real sector, the real economy will be in a difficult position.
A large increase in business activity is possible.
Warehouse stocks are depleted, the population has lost a significant part of its purchasing power, but the US is now flooding everything with money and directly giving citizens money, only to those families who paid taxes.
For this reason, I expect a rebound in the real sector, but it will not belong,
because all the debt problems remained, the real estate market burst, and a wave of consumer bankruptcies.
There will be a short-term economic recovery, and then there will be another wave of decline
There have been no defaults in the world's economies yet.
We are witnesses to a changing economic system
Best Regards EXCAVO
S&P 500 index the end of uptrendS&P 500 index uptrend ended. Previous lower low is broken. Nearest S&P target is 1650. Close your long positions.
SPX500 INDEX (SPY) LES'T SCALP US SESSION!
hey guys,
I bought spy from 2500!
reason - double bottom formation and breakout of a minor resistance!
entry based on the retest of the broken structure.
my target levels: 2562 / 2640
stop to breakeven after T1 is reached!
good luck!
please, support the idea with like and comment!
thank you!
S&P500 | Price is in Downtrend Channel,The best place to SELL!..Please Support this Idea with LIKE if it is Useful....
S&P500
The price is following a downtrend channel,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
for price to become bullish it has to break above the channel...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SPX500 INDEX (SPY) CATCHING MARKET RECOVERY!
hey guys,
pay attention to this falling wedge pattern on 4H.
currently, we see an attempt of bulls to break above it.
we need 4H candle close to confirm a breakout, then we are free to buy the market expecting a retracement at least to 2690.
good luck!
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S&P500 closed below Key Support level,SELL on pullback...Please Support this Idea with LIKE if it is Useful....
S&P500
The price is below Support/resistance level,and fundamentally the price is very Bearish ,After a correction there is a chance that price will continue its bearish move,wait for the price to reach the zone and if price gives any bearish signal then look for sell opportunity,The market is very bearish it could continue without any correction.
In case, if price breaks above the support/resistance then we have to wait for a clear direction..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.