S&P500 is below Support/Resistance,wait for a pullback to SELL..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.we can't take entry in an impulse it will increase our risk.In case if price breaks above the support/resistance then we have to wait for a clear direction and after a pullback we can look for short term buy opportunity..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr 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.
Sp1
S&P 500 Index (SPY) Still Not Too Low!
I noticed that some traders and investors have already started buying spy on discount assuming that the market has finally found its bottom.
BUT
Look at a daily chart:
key 2330 level still is not reached!
I still believe that the market can go lower and at least the underlined level will be tested, and who knows, pullback and next wave to the downside.
too early to change bias, folks. pay attention to inside bar formation on daily and look for a side of a breakout.
then act accordingly.
+ if you are still short biased, sell from the candle open of the last mother's bar. perfect trend continuation entry!
good luck!
S&P500 could test 2007's High.The price is near 38,2% correction.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
S&P500 Index (SPY) Time For The Next Decision
SPY is stuck in a decision range between two key structure levels.
if you still don't have an active position, the best strategy is to wait for a breakout.
the side of the breakout will show you the future market direction with a high degree of accuracy.
of course, we still stick to a bearish bias and bearish scenario is highly probable,
but in our age of uncertainty, everything can happen!
our first goal for bearish breakout will be 2600 level.
for bullish breakout - 2970
good luck and be patient!
S&P-500On March 17-18, there will be another FED meeting and the interest rate may be lowered, but if they don't reduce it the markets will be hurt. They don't have much space now at 1% and the fourth rate cut will lead to zero-zero or even negative.
Soon the presidential election, the correlation is 100% if the candidate wants to be re-elected and there has been a recession in the financial markets during this time, the president has never been re-elected in conditions like this.
Mr. Trump in one of his main speeches said: "buy shares".
He constantly has commented on the market and in the end, Trump will approach the election with a negative economic market condition.
I think it will harm his chance to be re-elected president again.
When he was in Europe, he said he liked negative rates. Mr. Trump tweeted when Obama was still president that if some president lets Dow Jones drop over 1,000 points happen, you had to shove him in a gun and shoot him in space.
Now the Dow Jones drops 1,000 points every day. The market isn't feverish now because of the coronavirus, the markets aren't looking at the virus anymore, everybody's focusing on the election.
Biden said he'd take Michelle Obama in the team. But it's not gonna help much as I think it will.
Michael Bloomberg withdrew his candidacy, Elizabeth Warren withdrew her too.
In my opinion, he'd be a good rival against Mr. Trump, the other candidates are losing.
Let's see how it goes, I am not a politician and I am not a US resident.
That's my subjective opinion.
You can also see the expectations of market participants on the future president at this platform ftx.com
And on this chart
Best regards EXCAVO
S&P 500 Index (SPX500) May Go Much Lower! Key Levels To Note
buyers show their unwillingness to buy on dips.
the market went rejected after a minor retracement from 2888 support.
looks like selling volumes are accumulating and bears preparing for a breakout.
the best strategy for us to follow is to sell the breakouts of these key levels expecting a drop to the next one.
Key levels:
2744
2560
2343
note how perfectly structure matches with key levels.
good luck!
please, support the idea with like! thank you!
S&P500 | Price approaching SELL zone, sell the Bearish Impulse..Please Support this Idea with LIKE if it is Useful....
S&P500 Update..
After a Big Bearish move the price is in a correction,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 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.
S&P 500 Futures Gap Down#sp1! - S&P500 futures gapped down on the first night of trading following the worst week for stocks since the financial crisis. A continued push down was expected after more negative news flowed out during the course of the weekend, most notably in the U.S. where we saw the first Covid19 death, as well as localized quarantines and self-isolation being recommended in a few states.
The main levels to watch for an indication of what Monday's trend will be for stocks when markets re-open are shown in orange. The upper orange line is where Thursday's price closed and where Friday's price were unable to close above. The lower orange line is where price bottomed on Friday. A move above the upper line would indicate that traders are attempting to form a bottom, or relief rally; a push below the lower orange line would indicate that traders aren't done selling the Covid19 fear as new lows are continuing to be made.
The PPO is still in a hard decline, while the RSI is attempting to level off in oversold territory, though the RSI could remain oversold for quite some and doesn't necessarily mean that prices are prime to buy just yet.
Judging by the continued deterioration of the situation, and lack of containment world-wide, we can expect traders to be hesitant to push prices higher until/unless the Federal Reserve and other global central banks step in with lower rates. Even then, the reactionary bounce on that potential event will likely be short-lived as the overall outbreak looks to be just kicking in to gear.
Good luck out there this week, more updates on SP500 after the markets close tomorrow, or in the early morning if there is a significant price move or updated Covid19 news.
SP500 DAILY MEGAPHONE PATTERN FOR SHORT LIKE IN YEAR 2008SP500 DAILY MEGAPHONE PATTERN FOR SHORT LIKE IN the YEAR 2008
If you look at the year2008 top before the crash was the same pattern
+Virus+Fed Warning of virus impact+Repo market reduces last Friday+Iraq attack a few hours ago.
+There is open Gaps at 3170 at 3050 at 2940.
Take profit 2 at Daily SMA300
SP500 SHORT FROM MAJOR TRENDLINE +AB=CDBig test for the UpTrend now, price get to the major trendline and inside the channel, there is AB=CD so we expected for a new low and that the Monthly candle will end red, many more tools support this trade (Fibo E level Bollinger Band)
+Virus, 3170 is our target because there is there an open Gap.
S&P500 Daily Chart SHORT RE-TEST OF THE TRENDLINE BROKEN+VIRUSSP500 Daily Chart SHORT RE-TEST OF THE TRENDLINE THAT BROKEN
We got a nice breakout now reset and we going to new low, a lot of bulls stop-loss waiting to be deleted on the low of the Iran attack day, can fall a lot more, there is a gap at 3170 at 3050 at 2940 all these Gaps can easily close
+ VIRUS
S&P 500 Index: STEEL BALLS TRADE!!!
while everyone is buying the dips on major indexes,
let's go against the crowd and try to short the current market high on SPY.
DISCLAIMER:
steel balls are required for this trade
AKA trading on margin carries a high level of risk, and may not be suitable for all investors.
Trading Plan:
I have a sell limit on 3325 level.
Stop - 3350
T1 - 3292
T2 - 3242
(also, if the market reached T2, leave some minor part of the profit in free-floating just in case ...)
good luck!
S&P500 SHORT AFTER BIG AB=CD DAILY CHARTPrice end Big AB=CD then make a sneak attack and now we got a blue engulfing candle that probably will be deleted
Price can easily go under the D point of the AB=CD and then go to retest the daily Sma200
I also post shorts at DJ30 and Nas100 , all show strong tools that price need 2 go down.
Also, more tools that I don't have here at this chart are showing me that a strong down move needs to come very soon.
Let's see in 1-2 months...
S&P 500 MODEL TRADES for THU 12/26Tread Lightly in this Light Trading
Compulsive trading could lead to hazardous outcomes. It is even more applicable in low liquid markets and market days. Exaggerated moves likely in either direction to wipe out weak hands/stops until normal liquidity and volumes return post holidays.
Structurally, we are still in the bull territory. A daily close below 3180 is needed to put the bulls under pressure again. But, the bear is NOT visible in the vicinity, until a daily close below 3140.
Read below to check out our models' trading plans for the day. And, whether a bull or a bear, take some time off the markets to bond with family and friends, and spread and share the holiday spirit!
tradersai.com
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #models, #tradingplans, #outlook, #china, #tradewar, #recession, #yields, #tariffs, #impeachment, #economy
S&P 500 STRATEGIC OVERVIEWStrategically the support resistance levels in S&P 500, the channel entered the index,
and here we can observe the distributional sell signal from last week for this week (current bar).
Do not forget to read the notes in the presentation.
In summary, this week has been affected by distributional sales and I think it will continue until the closing.
We have been under the influence of the positive trend since October 21st.
There is no mention of a bear market.
SPX pulled back, is it going to hit all time highs now? 3245!The SPX was due for a pullback, we had anticipated the move lower before a pop would be more extended than it was and it was driven on trade news. We did, however, curl back into the wedge that was broken and use it as support before slightly rallying throughout the past few sessions. It did not seem like the downside was over after Monday, considering we saw an 80 point drop in just 2 days, which was about 2.7% from all time high. In our previous idea we mentioned that the SPX would have a really hard time moving up without pulling back just a bit. We got our pullback but we did not expect the price to rebound so fiercely off that support structure.
Now the question is what is the move to the upside? How far can we see the price on this rally? Last time we said that we would probably come into an all-time high a new one that is, somewhere above 3175.
A measured move is 3245 based on the Fib extension.
IF the trade talks continue to deteriorate then we could see more downside in the SPX bringing price down to 3025.
Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for market activity.
S&P500: Within Selling Zone
spy is trading within a strong zone of supply.
I will short the market only after a bearish breakout of a minor rising channel.
It will be a "compulsory" confirmation on so strong bullish market.
target levels have been adjusted:
T1 - 3050
T2 - 3000
stop will be strictly above the highest point of the channel.