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Sp500short

S&P 500 is in an EXTREMELY CRITICAL STAGE!SPX has been consolidating between the 61.8% resistance level and the 50% support level. Many orders concentrate on these key Fibonacci Retracement levels pushing the price in the desired direction. In consequence, the price has been consolidating between the levels and the next breakout could be huge, determining the next direction of the overall trend. As I have stated in my two previous posts, I have a strong belief that the downward trend will continue after this consolidation and that we could see new bottoms soon. If you want to know why I believe so, take a look at my previous posts. In case you are interested in shorting the SPX, I have drawn a relatively safe entry point (1) to the graph. In case you short, I see it suitable to apply a stop-loss level (2), in case the upwards consolidation would still continue.
SP:SPXShort
by krisu619
3
#Overview: S&P 500 #SPXNow The S&P500 formed a double top (the first peak was formed on April 29). The middle level of the range (2879) was passed without a rebound and the price went down to 2818 as I expected. Buy when the resistance zone of 2947-2972 is destroyed. Relationship between the USA and China became worse, the economic situation is a kind of disaster and the consequences of the quarantine has a strong impact and so I expect continuation of moving S&P500 to the South. Daily chart Daily candle closes below 2856 = a signal for the next stops at 2730 and 2630. The price can quickly return to 2280 with a negative background, so this is a magnet, upon reaching which the market could try to rebound on the expectations of a double bottom and a W-shaped recovery. Monthly chart S&P500 dropped to the level of the 30-year moving average sma-360 (the lowest point was 667) in the crisis years of 2007-2009. Now we've got perfect conditions to repeat that touchdown. For the current month, the value of sma-300 (25-year-old moving) confluent with the key support of 1500, and sma-360 (30-year-old moving) is at 1300. Thus, magnet = zone 1500. Nearest supports = 2507 and 2120. The nearest resistance which hasn't been broken recently = 2873 and this is the level of the fast moving average sma-25, which confluent with the extremum of January 2018. Summary The downtrend is on its way. Shorts are in priority. Keep cash in your pocket (more than 60% of the portfolio). Positive recovery is possible after the price breaks through the resistance zone of 2972 and closes the day above it at least. PM me for requests of TA (free). Like if useful. Subscribe. Be healthy. Stay safe.
TVC:SPXShort
by antipanicos
Lets take a ride with the S&P500The mother of all indicators of overall market health is the SP500. The market has finally retraced to the .618 levels after the initial market drop during Feb and March, now what? The formation and reaction to this pattern tells us that we are probably going to be heading down for a larger fall than I have indicated for our first target. We could see a continuation of the sentiment that originally drove the market south a couple months ago starting now. This trade gives us a great risk reward and can be taken with a short trade in the futures market, of the SPY etf or by taking a LONG trade with the inverse etfs: SH, SDS or SPXU (depending on your risk tolerance)
CME_MINI:ES1!Short
by TechnicalPOV
S&P 500 ready for a reversalThe Fibonacci Retracement level of 61.8% shows signs of holding and a possible reversal of the trend of the S&P 500. Optimism and trust in FED are driving the current upwards of the stock market. However, FED can't cure what's underlying the stock market. Also, FED's actions could connive another problem, an entry to deflation. Deflation could become a real concern if consumers don't start spending and the reopening of the economy is no guarantee of instant recovery of spendings. Research shows that the normalization of consumption will likely take some time. Too early reopening could also create a second wave of infections further harming the economy. Despite if the Fibonacci Retracement level of 61.8% won't hold I'm convinced that a setback is coming, sooner or later.
SP:SPXShort
by krisu619
1
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