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
Sp500short
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
S&P500 through the looking glass!The S&P500 and US Nasdaq run the international show. Whatever they do, the rest tend to follow.
For this reason we'll take a good look at the two giants to see what their technicals look like and if or when they would become bullish again. We'll start off by bringing out our microscope in order to dissect the S&P500.
Starting off on the weekly chart, the index is up by more than +100% since the March bottom last year.
In a normal, healthy trend the price regularly retests its moving averages. As we can see none such has occurred since June last year upon which the price briefly found support on the EMA50 (yellow line) before taking off.
Equally so, if we move onto the daily chart, the ascending channel almost comes across as a parody of technical analysis. It's vastly over-stretched, and I have personally rarely (if ever) seen anything like it myself.
As we can see on the graph below the S&P500 has tested the yellow EMA50 as support on numerous times throughout the last year. Only once (September 22) did it test the EMA50 from below and got rejected, however minor. Now, it's at it again.
The standard fare for a technical development is for the price to test an indicator support such as the moving averages on multiple occasions (EMA50) prior to testing the higher value below (EMA100).
The more times those are tested, and the more times the procedure repeats itself, the weaker it gets, and the higher the likelihood of an even greater moving average being mature for testing (EMA200).
In this case we have now tested the EMA100 for the third time in a year. This is rather remarkable, especially since the higher moving averages typically don't hold up against too much pressure (as opposed to the lower ones such as the EMA20 and -50). Given that the index has just bounced on the EMA100, but is now facing opposition from the EMA50 from below and in combination with a big naughty falling wedge (which technically seems to have more to give), we can seriously expect further short to mid term downside to follow.
As we can see on the graph below I have jotted out a resistance entry on the 2-hour chart, which neatly aligns with the EMA200. This is a good risk to reward short in my opinion. The horizontal green line constitutes my initial target level upon which I will also increase my stop loss to break even.
What further speaks in favor of a short to midterm drop is the RSI, which on the daily is struggling to break above the neutral green 50 line.
But even more alarmingly does the RSI on the weekly, as we speak (or as I speak ...) struggle to break above the upper bearish blue line from below, after having come down from high levels. To those of you who may not know, this is TEXTBOOK distribution behaviour. And unless the RSI can break above it, things look dark, indeed.
Presuming that this duly needed correction continues, what I expect price-wise is for a re-test of the weekly EMA50 and the daily EMA200, which are near enough to count as one unanimous zone.
If, on the other hand, the weekly RSI were to break above the upper bearish blue line with enough safety margins (1%), that'd be all I need to swap foot to being bullish again. Having said that, don't underestimate the heavy technical lid the upper bearish blue line amounts to on its own.
Bear Pennat in SPYSeems like a bear pennant is forming.
Further market direction depends on the side that we break out of.
I am sour so i want to see a solid move down from these levels.
However, very aggressive buying is going on today.
Loaded SQQQ, SPXS, UVXY, SDOW and a some puts. Either getting paid or getting my ass handed to me.
S&P500,CORRECTION SEQUENCE AFTER EDThe most anticipated correction began on 7th sep2021
initial wave to unfold is zigzag in nature for quick profiting by BEARS
2 days recovery can give you a long opertunity ,but bears will hold the grip
This will go till this month end upto or exceeding the level of c54(4232
[-40%] S&P 500 SHORTSell when people are euphoric, bought when there is blood on the street.
Analysis :
- Bearish divergence
- Bullish channel - if we break the bottom, confirmation of the bear trend -
- RSI -> overbought
- Top of the yellow canal has been broken - the last time it was before the crisis of 2000 -