SP500 at the historical highs 🦐SP500 is at the historical high and currently broke and retest the 3445 previous weekly resistance now turned support.
After the last bullish impulse, the price never retraced back even to the 0.382.
We can notice from the chart how the 0.5 and 0.618 levels were already important levels in the market.
IF the price will break below the weekly support and consequently break the ema we will look for a test of the 0.5 or possibly of the 0.618 and from there we will wait for a sign of inversion for new bullish opportunities.-
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Sp500long
S&P 500 to break 3405-3415 to make a new HIGH? Otherwise BEARSS&P 500 futures are the leading indicator of the market's health and where we could be headed. Currently we saw the market pop right off the support structure form the 100-day EMA where institutional buying started to come in again.
There are 2 key levels we are watching for currently. The first is at the 3220 or so where the 100-day moving average and the institutional money started to come in again. The next is at the 3405 to 3415 where we have prior rejection for resistance.
Price is currently pinned between these two levels and we're wary of how these levels will be interacted with. The bears could take control at the 3405 again as the big money is expecting. However, we could just see the strong pop above and that alone will probably push us into a new ATH.
Where we will see optimism into the election. The other option is to see if the 3400 level holds out as strong resistance for sellers to enter the market and push price lower to break the 100-day moving average as anticipated.
The downside is the higher probability scenario because of big money selling coming into the market from volatility and uncertainty. The fact that it is unknown when the President will be chosen means that VIX is likely to increase and that a lot of traders and investors are moving to cash. There is a lot of repositioning and it seems like a lot of volatility coming into the market throughout the next few months which means we're probably going to see downside back under 3200. Which means the target will be 3135.
These ideas are for educational purposes only, this should not be taken as investment advice.
S&P500 Market AnalysisAfter the big impulse move on Monday, S&P500 broke the daily structure to the upside for the first time since the start of September.
We bounced from 100-DMA with a short-trap, which builds up our idea for a long setup.
The most favorable entry price can be found around the POC of the HVN we are currently trading in, which is around 3244.
If the price reaches the level before running to the high of the HVN at 3400, we can consider taking this long.
Acceptance below Friday's low will open the door to much lower prices with key areas of interest at 3107 that is HVN POC and 200-DMA and 3000 that represents a big figure, yearly VWAP, and bottom of the HVN.
SP500 Long IdeaPrice is in a historical uptrend for many years. Right now this index is showing an aggressive pullback to previous all-time highs of 3400, and even started rejecting it. However, due to its aggressiveness, I believe we can see a deeper pullback and test lower support of 3200, which previously was acting both like important support and resistance. A possible trade is on the chart.
VIX - The PreludeThese markets will not make life easy, especially if you're trading with leverage.
The reality is, markets across all asset classes are in big trouble for bulls. The unrest in the United States as the showdown between President Donald Trump and the human race and Joseph Biden and the socialist Democrats and the Chinese Communist Party behind them is about to get very, very hot.
The reality is because of the delusional hysteria, that you all passively accept and even proactively support after a few weeks of brainwashing, around "Coronavirus Disease 2019" (COVID-19) (Wuhan Pneumonia), the 2020 Presidential Election will not be settled in November since nobody is allowed to go outside and live like humans anymore. Everything is supposed to be settled by some dystopian fantasy mail in ballots that's supposed to be upright and legitimate, because everyone, as they fight for power and money, is supposed to have such a pure and honest heart that the election will be fair, unbiased, and the socialists will accept the results of their staggering defeat.
I hope my sarcasm conveyed clearly.
So, what this means is that the markets are set to be a massacre as institutions look to exit and reduce their risk, substantially, and that massacre will continue past November.
But not before we get ourselves a good old fashioned bull trap. You can expect VIX and the current short term blood to die down around the 35 mark, where it will then abruptly turn like a heat-seeking missile for the 20 level that it made look like support in August.
But once VIX breaks 20, watch out for wolves.
Path to NEW ATHs Before Election DayThis is the estimated track to election day. The downside should be behind us. Each Minor wave is based on its average make-up of the larger wave it is apart of. Each Minute wave inside of the Minors is the same concept. I will continue to publish and adjust as we complete each wave.
This is just the initial blueprint.
Where do I expect SPY's rotations over the next 9 years? AMEX:SPY
S&P 500 10 Year Return is at 233.6%, compared to 196.9% last month and 186.7% last year. This is higher than the long term average of 100.5%. Source: YCharts
All assets tend to rotate back to trapped liquidity (market memory) which is nothing more than "previous opportunity windows" designed to load assets at fair value.
SPY behaves within all 'Price Rotations' sequences thus future bearish and bullish objectives may be set and expected by all market participants.
Bottom line: SPY bullish rotation is set to be completed @ 420$/498$ per share including potential 'bearish rotations' -16% to -24% declines targeting 'trapped liquidity' @ 298$/275$ in the next 9 years.
⚒Osu⚒
José Ricaurte Jaén
⚒War Room 1985⚒
sp500 likely to retest previous highsDovish policy of the feds coupled with the strong bullish reaction of the stock market since the fed funds borrowing cuts means the rally can continue. But how long is difficult to say. While some argue we can continue to be bullish and avoid a bear market, that sounds hard to believe and unreasonable. But for now its best to long to these areas, and only consider hedging puts up higher near the 3510-3560 area
Technical wise we have formed several bullish divergences on the 1hr. The first one suceeded somewhat. A decent rally followed by a lower low, and the current one if it works shall show a gap up with a pre market pump
S&P 500 is not looking good up there! Let's have a look everyoneSo S&P 500 is not looking good on the weekly chart right now.
We got a bull run in 2020 up until 3600 and closed the candle with a long wick, which is bearish in my dictionary.
So if we start to correct right now, let's check the trend.
The Trend is broken by this week. It was not healthy as you can see. What says the indicators?
RSI is since 2018 in a bearish divergence to the actual price.
Macd is also interesting, we are days before a bearish crossing of both lines and as we all know, when the cross happens, the price is already down, so we must see in our crystal balls.
I also got for today my lovely Market Bottom Finder. As you can see the green shows the market on a volatility low end and you can see also macd and rsi showing the same things. A nice indicator to harden your buying intention. So as of now the indicators shows us low volatility, which means we are sitting at a beginning of a wonderful roller coaster.
Are you ready for the action? : )
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Disclaimer
In the context of this website and our advice, neither investment recommendations nor financial services in the sense of the legal provisions are provided. The purpose and content of these consultations are to provide the adviser with information and thus to be able to make decisions independently and without outside help. If a business registration is necessary, it will be carried out by the adviser himself. He is also responsible for the taxation of his profits. No liability is assumed in this regard.
SP500 at the historical highs 🦐SP500 finally reached the top level of last February as in our last call.
MArket will probably retrace and accumulate before a break.
If the market will manage to break and close above the weekly structure we can set a nice long order according with Plancton's strategy.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
SP500 (Y20.P3.E2).Still bullish but a correction soonHi All,
Looking at the chart from a channel perspective, one can see that the price action is over extended with a daily and what looks like the weekly, both with bearish divergences.
One will then expect sooner or later for it to return to the average, in this case, towards the mean of the channel.
I believe a double top is taking place and if we see the indicators cross over, then that is the signal for a down ward correction.
Just like Gold or BTC , I don't see a big correction. I believe we will still have upward pressure based on the indicators.
OBSERVATION:
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> The price is completing a double top with a bearish divergence on the daily
> The price is over extended to the 3rd deviation of the channel
> Looking at the weekly indicators, we can see the orange energy below 60%, showing downward pressure is close near by
> We have the green rsi almost touching the red, another downward pressure indicator near in the making
> Since both RSI's are above 50 or 60%, we know at this time, that the pullback will not so deep, at this point
> The Stoch . is close to crossing over, the signals for a downward motion.
THOUGHTS:
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> Price will likely move towards the 21, 34, (black ribbon) or the 50 EMA , which are all within the channel, 1st deviation.
> Along with the fib. retracement, its my opinion we will make a small dip below the support line touching one of the moving averages.
Please give me a like or tick for this post.
Regards,
S.Sari
8 HRLY chart
Close up view on the weekly
SPX500USD - Almost fully recovered Comfy in my long, already in a good profit, plan to close it soon.
As I expected index continues to rise with all these stimulus checks, Fed prints and markets FOMO.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.