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Sp500long

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: ================================================= > 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: ================================================= > 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
OANDA:SPX500USDLong
by ssari
VIX & S&P500 Index (SPX) Bullish SentimentHey guys. My analysis on why VIX had to go green today. Normally, SPX has been trading in a steady trend, not upsetting the VIX and keeping VIX in a steady downtrend, while SPX stays green and VIX stays red. But on the daily VIX timeframe, you can see the gap that needs to be filled under $22.00 - and it will, soon. The next daily candle on VIX, if red, would have entered that last low $22.00 candle. This will take us back up to SPX ATH's and potentially double top and end this market rally for good. They don't want this to happen quite yet, so to not allow VIX to enter that $22.00 candle they NEED to create volatility - to the downside. I believe we will see a series of red SPX days to push VIX back into green territory and away from that $22.00 candle low, as that gap will signal the end of this bull run. They don't want that yet. Imo, anything under the $18.00 VIX can and will be the end of this bull market, at any time. Ideally, they'll drop the hammer at VIX $12 level, but that will ONLY mean new SPX ATH's of 3600-4000+, but stay with me here. VIX was at $16.00 - $17.00 levels when they decided to end the last bull run. If they take VIX back to $12.00 - $13.00 level we will need to see VIX drop by roughly 24%. If I take VIX $17.00 x 24% (.24), I get $4.08. $17.00 - $4.08 = $12.92 VIX (Roughly where I think the top could be). So taking that VIX price % (24%) and relating it to the ATH of SPX (3390), 3390 x 1.24 = a rough maximum of SPX 4203, or SPY $420. I see this maximum bull market lasting until no longer than the first or second week of August, maximum. -MoneyProphet on Twitter
SP:SPXLong
by MoneyProphet
4
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
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
OANDA:SPX500USDLong
by ssari
SP500 Going UpWhen I said it would go down in DEC19 I had to be confident to stand on my analysis, and it played out. Here I support why its going back up, you've gotta draw the line somewhere, if its as the media portrays the world would have ended 10 times over already! TRUTH is concerning as this outbreak is, compared to our massive world population of 7.8 Billion (MAR20) the numbers of this virus outbreak are minuscule. They've been selling fear and the masses have been buying, business as usual, before this they were fear mongering about something, after this they'll find another issue to cry about. If you ask me this may have very well been a snowball of media fear mongering compiled with the sensitivities of feeble minds. Being a medical matter, most of us and politicians are not educated on the subject matter, so it becomes important to follow the leader, because nobody wants to be taking the blame for mishappenings. Here I believe the uptrend has started, and slowly but surely will return to sync with the pre corona trend. Here on the M chart I believe it can close above 2500, or at 2500 by month end in 2 days, meaning APR the uptrend to become evident. Just my take, do your own due diligence.
SP:SPXLong
by mostpro1