S&P500- Weekly chart (200 period moving average). The 200 period moving average has been acting as support for a long while.
If this Coronavirus goes nuts, prices will slice right through it.
Sp500future
#SP500,The declines to where?The SP500 dropped last week and stopped just above the average moving line 100 on the weekly graph, if we look at history in the last two serious price correction, The SP500 fell and did not stop at the 100 moving average line, but continued to the 200 moving average line
According to Stochastic and RSI, the declines have not yet come to an end.
Right now the SP500 is still very technically bullish
Our target will be above the 200 moving average line: $ 2686
SP500 mid term tradingTesting the bottom within a week, then a reversal so everyone feels better before the death move.
Keep an eye on bullish divergences as we get closer to the bottom.
Good luck!
E-mini S&P500 index 2020 year forecast by PowerfulTradersTraders we do not like to write more.
The prediction of the price you can find on chart!
Regards, Team Traders "Powerful Traders"
S&P 500 Stock Market Crashed Below 3000.00| 28th February 2020The S&P 500 has being in a bad selling. From starting Monday 24th February 2020 - Friday 28th February 2020. The stock has been free fall.
Stock investor in a fear. Panic. They was selling the stock and the sell out has been in significant by Thursday 27th February 2020.
No buyer in the market this week. Sharp fall down price from S&P to the wall street indices. While the coronavirus reported to be in the climax state of pandemic.
China not buying anything from oil to sugar to wheat. While demand is increasing on the Soy Bean from around the world thus the price of Soy Bean increasing. Soy Bean is among top 5 export item from China. Exporter not export Soy Bean thus making the price in demand. Copper price also did a significant drop since no buyer towards the items.
Thus the exchange money to Dollar has significantly drop. While many other companies in top 500 listed fortune has suffered the major impact in this beginning pace towards the coronavirus due to the exchange trade of China. Many companies was heavily rely towards China in manufacturing mostly in electronic part and spare part.
Referring to the OEC, China import oil almost 9.4% which is the biggest buyer in the world to sustain their 1.1 billion citizen. In the other hand, oil price will keep on dropping since there are big supply on the market which to balance the buying trade in the industry while the oil was producing in the same quantity.
Thus, stock S&P 500 will witness the biggest drop in history.
To be continue..
By Zezu Zaza
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
Buy at MA 100 weekly chartCovid-19 make a big opportunity for us tu buy and hold US30USD for long term with very big profit....
SP500 - Caution is Warranted but is NOT all Doom and Gloom $ES - $SPX futures - Good morning all! I told my members today that I'm expecting a retest of the 3225-3250 area before heading downwards on the SP500 (price is currently reacting off of the 3rd touch of a short term trend line). IF we don't get a retest and head downward first, I expect an aggressive move at 3030 as that is the breakout level for this last run upwards. I believe buyers will defend that level for a while. Do not let it fool you into buying stocks right away. China is trying to send people back to work while the COVID19 virus is NOT yet contained. This is still a very real threat to economic results for the next two reporting quarters. I will use the bounce coming up to scale out of the remaining stocks that I own and buy protection in inverse etfs for the next wave down. Stay safe and trade smart, sometimes it's better to sit on your hands rather than take any action. Let me know if you have any questions.
If you found this to be insightful or helpful, please show appreciation by hitting the like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
S&P 500 E-mini FuturesWhich of the three scenarios, in the end, will draw the S&P 500 E-mini Futures?
SP500 & Coronavirus - Sell 29/01/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can sell SP 500 AUDNZD from 3290-3300
Stop-loss at 3340
You will find more trading ideas in SAV Finance community.
#S&P500, Time to sell?The S & P500 is on the rise.
At the moment our sell signal is about the price correction and not about a new trend.
The Stochastic Daily Graph is located in the top third which is a great area to sell.
The RSI is in the 70 area which is Overbought and it is a good time to sell.
Target: $ 3260
SP 500 - Big Sale 13.01.2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can take short sale SP 500 from 3275-3300
Stop-loss 3400
You will find more trading ideas in SAV Finance community.
Good luck!
SP500 road to 4500$Most of the expert traders are arguing on the US economy to collapse, however, the charts itself show that the price has always taken a swing after the economy rest.
I may be wrong but as a technical trader, the price is at an important 1.618 level.
F_ES Short Setup. 1:8 Risk to rewardI know this sounds crazy. 1:8 Risk to reward? Winning probability of this trade is less than 25% maybe less. However x8 sounds crazy and i would like to take this trade. I have shorted 4 micro contracts.i will update this this post accordingly.
Disclaimer: This is not financial or investment advice
Trade safe
Atilla Yurtseven
S&P 500 e-mini futures. Buy opportunities at new demand levelsHow to trade S&P 500 e-mini futures using supply and demand imbalances. S&P 500 e-mini futures? S&P500 futures has broken all time highs ever again and it is offering new buy trade opportunities with long term weekly demand level around 2950 in control.
No shorts are allowed, only longs at new levels of demand. If you are trading other trading strategies or even options, you can use this S&P500 e-mini futures analysis as an extra point to support your longs. We do not use any kind of indicators, we do not need indicators to plan a trade on S&P500 e-mini futures using supply and demand imbalances but if you use them, this longer term technical using supply and demand imbalances can definitely help you.
SP500 has an outstanding gap above the key Resistance level !!Hi, Traders ! Monfex is on the air !
The S&P 500 set a new all-time high of 3,079 as of 4'Nov2019 having opened up with a gap above the key resistance level.
* S&P 500 continues to set records as risk appetite of some traders and the overall confidence in stock market are both rising.
* However, one should become really cautious of going Long at these levels since SP futures may likely hit the reversal point at around 3,100 level.
* Hence, looking at the market setting new records, this could be a relevant time to start reducing allocations to stocks and temporary sit out in cash until we see the correction to the EMA 200.
* Moreover, a gap that appeared on the 4th of November lies above the long-term trend channel and could as well indicate an ultimate phase of the market euphoria that presages the upcoming correction to the area of 2,900.
Pending trade signal
Sell @ 3,100.
Target: 2,920.
Stop-loss: 3,130.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
#SP500, Great movement on the way? Serious resistance at $ 3030 that succeeded in 3 attempts.
At the moment in H4, a double top template was created
Stochastic at maximum level with the intersection of lines.
For all of the above reasons, we recommend a sell trade with a target of 2940 and a target can grow as the SP progress.
S&P 500 1D E-MINI FUTURES ASCENDING TRIANGLE LONG TRADEAscending Triangle is a repeatable trading chart patterns.
Ascending chart pattern will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Possible upside target for S&P 500We broke above balance - and if we double the range we can get to around 3050 and still hold the upper range ot the megaphone
