Sp500short
SP500 WILL BREAK PREV LOW. LET'S SEE.Good Day Traders!
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We have been stop out on SP500 for quite few times. So we have decided to wait and monitor SP500 since the volatility is high, and ACTION TAKEN by FED is unpredictable.
So HOPEFULLY this time we are right. We will start shorting now between level 2570 - 2620. TP is to break PREV LOW. RISK REWARD IS GREAT!
However, do note that this is a long term trade idea. We might be trading in between the DOWNTREND. DO SET UR CL AND short term TP.
Plan your trade, trade your plan.
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DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
Can you call the bottom? S&P 500.Hello friends,
Hope this find you well...
As things are heating up with the RONA. :)
People suggest that we have seen the bottom already.
I beg to differ, there will be two more waves to the bottom.
My idea is the bottom is the circled area on the chart.
Happy trading friends.
Disclaimer - This NOT financial advice, just chart speculation.
ANOTHER FALL IS COMING - SHORT SP500Good Day Traders!
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Our SP500 setup:
First TP 2400 level
2nd TP below 2200 level
If 2200 level cannot hold, 1800 level is possible 3rd TP
CL : closed above 2660.
RR > 2.5
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“The trend is your friend except at the end where it bends.” - Ed Seykota
DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
SPY/SP500 Bearflag continuesUntil it doesn't.....
Lots of moves last night and this morning, a very complex correction. I got stopped out of my longs and have been waiting for a resolution. Still looking like a bearflag overall. Below the red channel line would give this idea more confidence. Target to the upside could still be 2550-60 area, we'll just have to see. Good luck to all
SP500 FORECAST - AGREE?Good Day Traders!
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Above chart is the forecast we made on SP500. Currently SP500 is forming Wave 5. Breaking level of 2400 will confirm the formation.
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"It never was my thinking that made the big money for me. It was always my sitting." - Jesse Livermore
DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
SP500 SELL ON STRENGTH !!! Good Day Traders!
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LATEST UPDATE ON SP500:
"Stay committed to your decisions, but stay flexible in your approach"
We hit our stop yesterday BUT we still stick to our decision of SHORTING SP500. Long term trend is still DOWN. SP500 is currently having hard time with the resistance near level 2500.
We are taking this opportunity to SHORT. Do set your CL tight as the market will be very VOLATILE these day.
Investors are now betting that US lawmakers will back a reported $2 trillion stimulus bill to combat economic fallout from the Covid-19 pandemic. BUT if they failed to secure the stimulus package, US market will be having another BIG fall down!!! The risk reward is GREAT!
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Happy Trading :)
DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
SP500 What next?Hello investor,
SP500 is on important Support level region, we have buying defence on this level in the past few days. Yesterdey seens to be broken on downtrend side but today is forming a huge Bear trap in this level, we are also breaking the downtrend short term resistance line. We are facing a very delicated moment in the global economy, we cant predict what come next, the political decisions will make the SP500 next move go up or down, the virus situation will make the sp500 go up or down, in scenario like this tecchinical analyses we only will make our moves if the chart tell us what to do, but for this we need to wait the fundametal directed the price.
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With Markets Under Siege, It's Time To BEARHello,
As i published in my last report btc formed a fake bull flag, whales will be selling on this zone to after that drop.
With Markets Under Siege, It's Time To Consider Serious Portfolio Adjustment,
With the stock market in an unprecedented period of volatility, we are all sometimes forced to make tough decisions. The recent turn of events around the potential impact of the coronavirus has unfolded with incredible speed, leaving many to wonder what could happen next, and no clear answer.
While global markets are today rising along with energy companies getting a boost from U.S. President Donald Trump's suggestion he may intervene in the Saudi-Russian oil price war, the bigger picture remains murky and difficult to assess. Before yesterday's uptick, the S&P 500 had plummeted 30% in just four weeks and it's anyone guess what tomorrow may bring.
Also BTC plummeted and went up in a fake BULL FLAG to get lower levels.
The increased uncertainty, rising levels of volatility, and potential for a slow economic recovery have resulted in the shifting of assets in my portfolio, reducing my equity holdings, and raising cash. With my fear that the economic outlook could grow even worse and the potential for the stock market to fall further, it seemed to be the right thing to do.
Global stock markets have so far failed to respond decisively to many of the actions that the central banks around the world have taken to try to calm nerves. Even with fiscal policy in many countries now on the table, the equity markets continue to fall.
It indicates a few points of concern, with one being that the future is very uncertain or that the policies governments and central banks are taking may not be enough to solve the potential fallout. The lack of convinced response from the equity markets seems to present the most significant concern.
Estimates May Be Too High
Additionally, it seems possible that the current environment could severely impact companies' performances as governments try to slow the spread of the virus by closing borders, and in some cases shutting down. It could result in some companies seeing a whole quarter or two of reduced revenue and earnings, and that means that earnings estimates for the broader S&P 500 may be too high.
How this can affect Bitcoin?
The answer is decreasing the price, if people are losing jobs and companies are closing people will start to sell their stocks/btcs to hold more cash for the daily life.
Also we need to remember all that in the last DROP we had a GAP that will be filled in the next weeks probably.
SPX, welcome to new recession. Dear Gamblers,
I never thought I would make such statement, but I have reasons to believe that coronavirus have just triggered the new recession.
Prepare yourselves, this is gonna be painful.
Nobody likes to wake up from "the way overvalued market" but it is like it is.
Strategy:
You can choose whether to say in cash, buy bonds (preferably treasuries) or just short. Bear in mind though that shorting for long periods is expensive, be aware of the fees you will face.
I will be shorting SP500 with an INVERSE ETF from 2830 that will be my entry point with stop loss at 3500. This is a risky play, for more conservative investors i would reccomend the two above.
I am projecting a 3-4 year crysis. Bear in mind that will be huge, you just have to look governments debt compared to the growth.
TIPS TO SURVIVE: Finish soon to pay all your debts, this will smooth the hit.
Stay safe,
BeniGo
***I am not your financial advisor neither I intend to be, do your own research before puting your money at risk***
SP500 Decision time - Short to the ground below 200dma weeklyS&P500 declined over 7% today exacerbated by OPEC politics and the outbreak of COVID-19. The market isn't being entirely reactionary to the mishandling by current administration, but is also pricing in slow growth in China.
Predict that with no progress, little chance of containment and the end of q1, market will start pricing in slow growth globally (USA, EU, UK, Canada, etc).
The 7% decline today is the 17th largest decline in SP500's recorded history. Aside from 1987's 22% decline, drawdowns in the 7 and 8% range in a single day have only ever occurred during two market cycles, 1930's and 2008.
Play cautiously, zoom that chart out, raise some cash, lock in profits on a dead cat bounce and manage risk... Short it to the ground if 200dma is lost on the weekly time frame