Sp500short
S&P - MES1! Divergences & Sine WaveDivergence
The AO Indicator and the highs show us repeating Divergence.
Sine Wave
The Sine Wave is huge. Seldom I see such massive Sine Waves. From my research I know that with high accuracy, the lower part of the middle pullback get's broken. Then most of the time, after a rather small break, price pulls back sharp.
Fork
And finally the Pitchfork.
This instrument reveals us the center of the whole two part up-swing (Sine Wave). At least there is a over 80% chance that price will reach the Centerline. So, partial profit taking would not be a dumb idea.
My short will be initiated on a break of the dotted Trendline.
sp500recent bounce seems too high vs the ATH for this move to be an ABC but it is still possible that ABC can happen, but after doing EW analysis on 4H I see a new pattern emerging and we can remain strong above the 1.618 fib extension then chances are 2.618% fib lvl will be tested for the final W5 larger HTF move 2.618 around 5,700
SP500 Testing the critical support. Next short opportunityCycle Sniper Daily breaking down 0 lines.
SMA 100 Daily ( 61.8 Fibo Fan ) was tested.
A technical correction is running.
4H EMA50 SMA200 crossdown is in progress.
Short Opportunity 1: Retest the broken structure. Target is SMA100 Daily and 61.8 Fann
Short Opportunity 2: Breakdown of 61.8 Fann. Target is Red Rectangle and Green Trendline
Good Luck
Another Day of Selling: Using Volatility adjusted RSI I like this down-sloping resistance and believe this falling wedge is the most likely pattern. The day will start green and maybe even break-through the trendline due to the first of month inflows via mutual funds. However, this will be a false breakout and come back within. The hourly volatility adjusted rsi is overbought. See you down 2% either today or tomorrow.
SPX S&P500 Black Friday Discount ?This chart looks like a giant rising wedge pattern.
This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex, suggesting a reversal pattern frequently seen in bear markets.
Looking forward to read your opinion about it.
S&P500 SPX500 SPX DJI DJT has hit a strong resistance🚨 S&P500 has hit a strong resistance trend-line 🚨
S&P500 has hit a strong resistance trend-line (violet line) and has formed an Evening Star Candle!
This means that there is a very high probability for strong pullback.
If the S&P500 can not find support on the red trend-line (at about $4600) we should see a
correction down to the 50 DMA or 100 DMA. 50 MA is at approx. $4500 and the 100 MA is at about $4450.
It is time to hedge yourself and to sell some overvalued stocks.
If you are an experienced trader you should also think about opening a short position (intermediate-term swing trade / short trade).
As far as I know, Michael Burry has already opened a big short position.
The economy is still in a major post-pandemic depression and many S&P500 companies are not profitable anymore! FED has pumped up the stock market artificially with free funny money that it has even broken above a resistance trend-line (red line, has now become a support line) which exists since 1936 and at the same time the Buffet indicator indicates an extreme overvalued sell signal! Also the Wave Trend Oscillator, MACD and StochRSI has crossed bearish at 1D TF recently which means that bullish momentum is exhausted and that we are at a tipping point right now. On the H4-TF there is a bearish divergence on the MFI! SMI (smart money indicator) shows that smart money is scaling out for months now (not shown on chart). Furthermore, sentiment signals also indicated very rare warning signals. For instance, Jason Goepfert's (sentiment-trader) indicators flashed rare warning signals recently, which means that there is a high spread between bear market probability and macro index models. Last time Jason´s sentiment indicator showed such a high spread was 14 years ago! Also Robert Prechter's Bear Market Prediction (Macro Elliott Wave Analysis with Fibonacci-Cycles) is confirming that we are nearing the end of a major stock bull market soon.
Ray Dalio´s debt cycle model (Short & Long-Term Debt-Cycles) is also indicating that we are on the verge of a serve debt crisis which will cause a major post-pandemic depression similar to 1929.
Currently the consensus (the herd) is thinking that we are currently in a high inflationary environment, but this was just a temporary spike in inflation rate which is currently at a dipping point. A deflationary shock will come sooner or later but an accurate predication when this will happen is impossible. When the debt bubble implodes (credit crunch) there will be high deflation also when it could be short-lived (economic depressions are usually deflationary).
Also smart-money is betting on deflation which is anticipated in the recent raise of bond prices.
At the end of the debt cycle central banks will expand the money supply even further (more money printing) which could cause high inflation but this also depends on factors like velocity of money and on the credit supply. For instance Japan is in a depression for approximately 30 years and there is still no high inflation due to manipulation with negative interest rate policy (NIRP).
Be prepared and have CASH on the sidelines. This could get very ugly!
Of course these major stock market signals also have negative impact on cryptos as well...
We recommend to accumulate gold and silver during the coming deflationary shock.
Also US treasury bonds usually are a good investment in a low-interest rate environment (=raising bond prices).
A deflationary shock will be a very good opportunity :-)
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
After cup and handle of hell SP 500 to 65% fiboHello followes,
this is it,
the last cup & handle
this one of hell.
It will be a little hard to swallow, so get prepared.
thanks for following and trusting
MW
S&P500 S&P500 correction coming Also #Btc ......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
SPX500 Short SetupSPX500 Short Setup
🔵 Entry Level: $4486.0
🟢 Take Profit: $4426.9 (1.28R)
⛔ Stop Loss: $4532.1
Reasons:
- Reaching resistance level at $4485
- Expecting either divergence or highly overbought level on the PVS Indicator by the time price reaches that level.
Game plan: If the price flips this resistance into support (tests it), I may close the trade prematurely and open a long trade until the next resistance level is reached at $4548