SP500 (Y20.P3.Video).Recent price action explained.Hi All,
*** Note: This video is a followup on my previous posting on the SP500 forecast, with measured success. ***
The following video post is my take on the SP500 price action in terms of technical analysis.
If you were to look at my previous posting on this, it gives a background to this video.
But I also recap some of the points in this video.
This video recording is my attempt to explain what I take from the charts, historically and how its applied to the past few months and the next phase of the market.
Please give me a like or a tick for making this effort.
Regards,
S.Sari
My reference: A.Charts
Reference materials:
Bump and Run Chart Pattern Strategy>
tradingstrategyguides.com
Previous post and a background reference to this video
Sp500future
SP500- V shape recovery? Yeah, sure...More and more people are calling for a V shape recovery and for certain the chart looks like this.
And if you ignore the economical and fundamental facts we can all be happy, drink margaritas and sing Kumbaya, for sure most of us will be out of a job and have time to spare...
Leaving the joke aside what's happening on Wall Street looks like desperation and distribution on higher prices, not at all like a V shape recovery.
From a technical point of view, SP500 is in 3000 zone resistance and it can easily pass this to "make the news", it will last, for sure, NO!
In my opinion spikes above 3000 should be sold for a drop to 2200 zone.
S&P 500 index NEW PARADIGM Shiny, gorgeous stonks looks like they move you straight into heaven.Looks like very bullish. But my feeling about the market is bearish of course. May be this time is different, maybe my bearish broken bias are lying to me. I made this thoughts before, when last bear are completely change his bias to bullish price immediately stop rising and start to reverse
3050-3130 are good levels for sell
Possible EW ABC pattern on S&P 500 futureI spotted a 5 wave wedge pattern near the near of the previous up trend which tells me there could be a possible Elliott wave ABC pattern forming. The B should not break the start of wave A because wave A is 5 waved. It would be possible to short wave B to wave 5 for a nice risk reward ratio. Aim to short at 50 or 61.8 fib of wave A.
Will S&P500 avoid a selling panic amid coming Q1 reports? HELPThe S&P500 is enduring tense economic times with high money injection.
If next week S&P500 crosses 2690 a critical support level with high volume ==> It will be bad that may trigger a market selling panic with volume stop losses executed downward.
However, if the S&P500 continues its uptrend movement and crosses 2872 with strong volume, the next resistance and TP is at 2977.68 and TP2 at 3200.
Happy trading and stick with smart money attitude
S&P Futures Have Backtested the Rising Bearish Wedge AgainAs noted at the last retest, the S&P e-mini futures have backtested and failed to retake the bottom channel of the rising bearish wedge that developed from the March lows. Some day this century or in the next, we coiuld see a rapid fall in the market.
S&P 500 Dead Cat Bounce?Everything on the chart (^_^)
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S&P 500 Daily: #stockmarketcrashI'm looking for the rejection near the 50 MA, fibs, and cloud here in the daily timeframe. Rejection at the 10-week MA in the weekly timeframe. Looking for a test of the March 23 lows to 2100-2150 for a tradable bottom. Should it form, I'm looking for a larger rally to 3000-3100 for a counter trend that will be followed by an even bigger selloff back towards 1650-1810 level. My target level is approximately 1708, which is the 61.8 fib from the 2009 low of 666. That is after a tradable bottom and a larger counter trend.
See the video at thechartpatterntrader.com
Will S&P 500 trend up without WTI?Frankly speaking, I do not think so. On high correlation between S&P 500 and WTI crude oil price - www.uvm.edu
If we combine both assets into one instrument we will see it fights the balance point - Demark monthly pivot.
There was also research done which showed that the entire forex market lags by a few seconds after stock indices. I do not even mention even American stock market.
www.researchgate.net
S&P 500 Is Printing Bearish Elliot Wave PatternThe S&P 500 massive decline and the subsequent rally makes Elliot Wave sense.
The coronavirus 35% sell-off was a classic five-wave EW impulse pattern. According to the theory, this implies that at least a three-wave correction should be expected.
In SPX's case, the 28% rally that follows the decline is in three-wave so far and taking the shape of an a-b-c zigzag corrective pattern.
Not only that, but the price has also already retraced 50% of the decline and testing an important weekly resistance level.
I'm not interested in catching the top, so I will wait for price action to confirm this scenario. The breaks of the counter trend line and previous swing low at 2656 area will be a good confirmation that the bears are ready for the run.
Price has the potential to move below the previous low in the anticipated decline.
Do you think S&P 500 has already bottomed? Let me know your view in the comment.
ES - e-mini SP500 S/R analysisHello traders,
Description of the analysis:
Be careful to trade and invest sparingly!
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (700 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
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.