S&P500 SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
S&P500: Daytrade-Preparation
Market Sell: 2945,00
Stop-Loss: 2978,00
Target 1: 2917,00
Target 2: 2880,00
Target 3: 2856,00
Stop-Loss: 33 pips
Risk:1%
Risk-Reward: 2,7
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Peace and good trades
Irasor
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Sp500short
SP500- V shape recovery? Yeah, sure...More and more people are calling for a V shape recovery and for certain the chart looks like this.
And if you ignore the economical and fundamental facts we can all be happy, drink margaritas and sing Kumbaya, for sure most of us will be out of a job and have time to spare...
Leaving the joke aside what's happening on Wall Street looks like desperation and distribution on higher prices, not at all like a V shape recovery.
From a technical point of view, SP500 is in 3000 zone resistance and it can easily pass this to "make the news", it will last, for sure, NO!
In my opinion spikes above 3000 should be sold for a drop to 2200 zone.
S&P 500 index NEW PARADIGM Shiny, gorgeous stonks looks like they move you straight into heaven.Looks like very bullish. But my feeling about the market is bearish of course. May be this time is different, maybe my bearish broken bias are lying to me. I made this thoughts before, when last bear are completely change his bias to bullish price immediately stop rising and start to reverse
3050-3130 are good levels for sell
SP500 (Y20.P2.E3).Inverted Barr formationHi all,
Looking at the overview of the whole of the SP500, I can see why it was due for a correction.
The following charts try to demonstrate this explanation.
I do see price trying to return to the main channel but it will take some time, as many experts state.
For the immediate term, I see the price action to threaten to pass the lead in trend line.
It was rejected at its first attempt, it has the potential to be rejected again but 3rd time I would suspect it will pass.
Once it passes this line, I do expect it to be retested as support.
If you look at my previous post, it now is invalidated based on this new information.
4 HRLY chart
12 HRLY chart
Daily chart
PREVIOUS POST
Will S&P500 avoid a selling panic amid coming Q1 reports? HELPThe S&P500 is enduring tense economic times with high money injection.
If next week S&P500 crosses 2690 a critical support level with high volume ==> It will be bad that may trigger a market selling panic with volume stop losses executed downward.
However, if the S&P500 continues its uptrend movement and crosses 2872 with strong volume, the next resistance and TP is at 2977.68 and TP2 at 3200.
Happy trading and stick with smart money attitude
Hanging Man weekly candle and strong resistance level SP500I believe the market has reached a very strong resistance level and will be going lower for the next few weeks.
Bearish scenario for US500 / SP500I believe that the US500 will be trending lower in the next few days.
S&P 500 (D1) - Rolling Over, Eyeing March LowSPX looking ready to roll over back to downside as bear market bullish correction is about played out.
Volume profile indicates downside conviction on initial dump down from Feb-March, with increasing volume on the down move, then declining volume on the upward correction currently playing out.
Price action is currently at the top of a rising/ascending wedge, right near the point where one might expect the break of wedge support confirming the sell signal, assuming a daily close below the bottom of rising/ascending wedge pattern's support line. The top of the wedge is further capped by the 61.8% Fibo retracement level from the Feb-March downside move/dump.
Initial target: just above the recent March low - around 2,225 - with additional downside targets around 2,000 and again near 1,850.
Stop above the 61.8% Fibo, around 2,933/55 zone (given market's propensity for volatility at present evidenced by elevated VIX levels, it may be prudent to keep a wide stop closer to the 2,955 area just to be sure).
Initial Reward-Risk Ratio in area of about 2:1.
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Please note: the above is merely a description of personal preference re: this trading setup and in no way constitutes advice of any kind. Info provided is for educational and/or entertainment purposes only and is not intended to be held out or construed as any kind of professional opinion in any way shape or form; rather, merely a non-professional, non-licensed, amateur description of a personal trade for personal purposes. Different people have different risk tolerances and objectives, and as a result, you should not take action on anything disseminated herein. If you wish to risk your own capital in the capital markets, see an appropriate investment professional licensed in your jurisdiction.
SP500 Short term - back to trendlineSP500 broke a trend line and now the retest is running on. In next few days I would expect movement back to default trendline which was set in march. I dont believe we can expect movement ''back to normal values''. Retesting supports would be the best what could happend and all this movement seems to be like a temporary bottom.
I tried to sketch the pattern though the EW - I dont say this is a valid count
Follow me on twitter: @realMarketMage
SP500- Game over?In my last SP500 analysis, I've spoken about the 2900 strong sell zone. The index has reversed exactly from this area and now is trading at 2800 rising trend line support.
I believe this support will give up and a drop for SP is imminent.
I drop to 2200 is definitively in the cards in the next period, but a new low for this bearish market is not out of the question.
Prices under 2900-3000 should be sold for at least a target of 2200 in the medium term
SP500/SPY Update 4-20-2020We gapped down overnight under the support/resistance line (red) on spy. If we overtake that line today it's certainly bullish, but if we don't - we may start having our move down. Oil collapsing and various downgrades today may shift sentiment, but they can't be counted on.
The obvious target on spy is about 248 which would fill the lower gap (pink line). There's also a gap at 223, but I don't think we'll go that low so soon.
There are quite a few more gaps above on spy which gives me more reasons to think a double correction is probable - IF we start trending lower from here. Let's see how the day/week goes.
Good luck all
Sunship
IS THE BEAR ENDED? NO, IT JUST STARTED - SP500Good Day Traders!
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Our S&P500 setup:
Rules:
1. SHORT ONLY when price broke down the trendline and retest its resistance.
2. SHORT ONLY when bearish candlestick formed in 1D chart.
3. DO NOTHING when above #1 & #2 are not met.
TP 1 : level near 2500
TP 2 : level near 2200
TP 3 : level near 1800
CL : closed above 3000
RR > 5
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SP500- Time to sell?Yesterday SP500 dropped from the strong resistance/sell zone.
I believe the downtrend will resume and the index is preparing for another drop.
I bearish as long as the price is under 2900 and only a close above would give me a reason to reconsider.
Sell rallies can be a good strategy