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Sp500future

ES in a Bear FlagES pulled back today. Why? RSI was overbought at the 4 hour view. Put/Call Ratio was at 0.67 before the pullback. Below 0.75 is considered overbought or a bit extreme. You know what's the crazier part? TVIX was delisted on July 12th. I guess Credit Suisse knew... ES is in a bear flag right now. ES and RTY's fate rests in the XLF and XTN/IYT. If financials and transportation do not rally, then there will be no bull market. Banks earnings are tomorrow. The ES is in a bear flag at the hourly now. That pink line is a historical resistance. My guess is that the ES will find support at 3115 (near VPOC) and then around 3040 at flag support. They'll probably blame bank earnings for the second leg down. One of my mentors once said this. News breaks into the market cycle and not the other way around. Most news stories are just the cover ups or excuses by lazy, economically illiterate journalists. If you read the market cycles and the price action, then you can read the markets. Most news stories are just a costly distractions and a waste of precious time.
CME_MINI:ES1!
by Itsallsotiresome
July 2 to July 17 to end of month predictionSince the market is closed tomorrow, the first tiny bubble finishes at 1 pm eastern time. The markets looked relatively weak after seeing such a stellar job number, good job, Trump! I am looking for next week to roll over a little bit. I just tested out a Fibonacci fan, which we see around the 3111ish area looks like support. It also played the expected move on the /ES, so closing at 1 pm tomorrow that level is possible. Going to next week with an expected move on the SPX of 80 points, we closed at 3130 on Thursday. Assuming we grind down to 3111 area, that would imply a 20 point gap down for the SPX if we were to open Sunday at 6 pm. However, we trade overnight. By the time of the 9:30 open, we could be looking at down 30 handles—3080 at the open with an expected move of 80 points. I am looking to see the 3000 print by the end of the week. We have a gravity point of 2983 as strong support. July 17th expected move: 130 points. SPX at the moment is 3130, which would point this week to end at 3000. Keep in mind. Ending the week prior at around 3000. Look for this week to start off down, but saved by the 61.8% Fibonacci at 2930. Bottoming here look to rally 70 points to finish the week at 3000 on the money with the expected move. So that is my outlook between now to the end of the 17th. 3111/3060/3000/2983, then from there, look out below! After the 17th, it's hard to predict; however, I don't think we fall on our face. 2930 held back on June 15th, and we hugged that level in the middle of May before this rally. But I think we can touch it for sure before the 17th but bounce hard off it. I would love to see us fall after the 17th, but I think we will remain in this box for at least the month of July. Let's look at the end of the month and see how it goes.
CME_MINI:ES1!Short
by CTexplore
1
2975.75 is the key level to watch on the e-mini S&PFor the week ahead, the 2975.75 is a key level to watch. If you notice my annotations, I am indeed outlining that there are two possibilities for price to play out. We're not here to make predictions, but the observation of how price plays out along this level is very important. Fundamentally speaking, the US is potentially in the second wave of the COVID-19 outbreak . If we're seeing more states follow suit in delaying the reopening or restating the quarantine protocols, this will surely send the ES lower as there be negative economic indications from this. The 2975.75 is such a critical level to watch because the last time price sold through this level was on June 14th. Price broke through this level and then quickly traded above it. If price breaches this level and sustains to trade lower, we just broke a major floor.
CME_MINI:ESU2020Short
by FinancialGamblR
Alpha Capital Wealth South Africa Sp500Daily view on Sp500 valid for June - July Advance targets Possible Adam and Eve top formation pattern Descending triangle We might dump / drop on Sunday / weekly open Possible targets : 2935 2800 Spy bottom gaps Spy closed lower than Spx From what we have noticed is that whenever Spx closes above the spy close we have a sharp fall in prices on the open Should history repeat itself we would see accelerated selling heading towards the rally start low around 2935 We have noted that was institutional buying due to the fed announcement regarding corporate bonds That area should provide at least short term support with upside targets of Friday’s closing price 3009-3014-3040 We have also noted that we could see a retest of 3040 and Friday break down candle if we can find support above the 200 daily moving average We have broken the March low trendline that has upheld the market since the covid crash We have broken the weekly falling wedge pattern We see an accelerated rise in covid cases world wide Fear has returned to the market space Should 2800 fail to hold we expect lows between 2700-2790 We will be bouncing but direction will lean bearish Currently the weekly candle is a inverted bearish hammer candle The monthly candle closes on Tuesday 30th June 2020 and is currently very bearish which will then lead to lower prices and things could accelerate to the downside as lockdown regulations increase globally due to covid Technically We are leaning bearish We see further downside Overral bias is bearish We expect bounces up to $50-100 on sp500 I hope this helps you guys Remember risk management is key Do not over leverage And only trade with money you can afford to lose The current market conditions are not advisable for novice or junior traders If this helped you Kindly click the like and follow button Happy weekend and happy week ahead
FX:SPX500Short
by Alpha_Capital_Wealth
SP500 IN RISING WEDGE THE SP500 future contract is trading in a rsing wedge and the volumes are quite low, I think that in next days we will see a strong breakout and a fall of the price, this V-shaped recovery will not last long because Covid risks are still high all over the world. Use a correct money management and check audusd because in this time they are correlated, if you look at my analysis on audsd (bearish view in mid-term) you could understand better the bearish view in Standard and Poor 500. Enjoy your trading!!!
SShort
by Dragon_Investments
S&P 500 LOW VOLATILITY (SP500VOL) DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
SP:SP500LVOL
by Dinjin
Signals For 22/05/2020Signals 22.05 Hello my friends, today we will be looking at signals for the nearest trading session. I am once again going to be sharing my top seven trading ideas with you. First let’s see how yesterday’s ideas worked out. We started with EURUSD, I recommended that is the price holds above 1.096, you should buy, my first target was around 1.10, and if it held below 1.095, that’s a sell. The second scenario occurred and the price hit my first goal at 1.090. Next was GBPUSD, unfortunately, the idea didn’t work out, I recommended you long after a false breakout and pullback. The price did break out, but then didn’t continue upwards by much. It did hit my first target, but then just meandered downwards and hit my stop loss. Luckily, we’re smart and use the safe rule, so we broke even. USDCAD – I recommended you look at it long distance, since the price is flirting with an important support level around 1.39 and as you can see the price formed a false breakout and broke through the dynamic resistance, which is an entry for a long position. My first target was around 1.40, which the price hit. The breakout had a large volume spike, which is a very bullish signal. Next, we have aussie-usd. Here I said that if the price holds above 0.6550, that’s a long entry point, with the first target being around 0.6640. Unfortunately, the price missed my target by a few pips and then impulsed down, away from a reversal level, so I’d say the idea was solid, we just got a little unlucky. After the bounce the price actually went below the previous level and held below it, which was my second scenario and my first target will be around 6470 Gold – I recommended you long yesterday, and right now, this is still sound advice, so relax, and wait it out. You should be fine Oil – I recommended you short this instrument. For the opening the position I recommended you look to the level around 34.50 – as you can see, the price got a bounce from there yesterday and fell down to 31.50. My first target will be around 28/contract, so if you’re in a short position right now, just stay there for now. And lastly we’ll look at S&P 500. Here I advised you short if the price held below 2950, first target being around 2910 and the second around 2870, and the price hit our first target. Right! That’s if for yesterday’s signal, let’s look what we have here today. Seemingly, as tradition, let’s start with EURUSD. We tried to get a bounce from an important support level around 1.088. If a bounce does happen, and an entry pattern forms, we can place our first goal at 1.092 and the second around 1.095. I the price breaks through the level and forms a pattern we can enter with a sell with our first goal being 1.084 Next is GBPUSD. It’s looking pretty bearish once again, everything depends on how the price will react to the important level around 1.2180. If it holds below, the price will go further down, and your first target should be around 1.2080, there’s also a 20% chance that the price will go back up, if that does happen look for a pullback and enter a long, with your first target at 1.2240 USDCAD, as I’ve said, looks pretty bullish. The price tried to get a bounce from an important level at 1.40 and if it holds below, go in for a sell with a goal at 1.3960. If it breaks it and holds above, that’s a good opportunity for a long position with the first goal being 1.4060 Next is AUDUSD, you can see, we’ve stayed in a big range for a long time, the price formed a false breakout, so I think it’s looking pretty bearish. If the price pulls back and fractals into the level at 0.6550, that’s an entry for a short, with goals at 0.6480 and 0.64 Gold – I’m still feeling bullish, but it’s interesting how it’ll react to the level at 1730, if it holds above, that’s a bullish scenario, and my targets will be 1750 and 1765. Oil – right now we’re in a support level at 31.50, if we get a bounce, I’d put the target at 33.50, and then I think a reversal pattern might form and we’ll enter a short with the first goal at 28.50. If we do break the support, we can short straight away and our goal will also be 28.50. Last but not least, we have S&P 500. We can see that the price is in a big consolidation, we got a bounce from the support at 2910 and this is pretty bullish, if the price forms a pattern, I’m thinking long with the first target being around 2970. There’s like a 30 % chance that the price breaks the support and stays below for a bit, in that case we can short with our goal at 2870. Well, that’s about it, thank you very much for reading, and best of luck in the market.
by Horizon_Trading