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Sp500short

SP500 Cooking a vicious SELLIn my view SP500 is cooking a vicious selling opportunity, I am not in the trade yet as I was on a holiday and resting from the charts after an action-packed 8 months of trading... I only trade one pattern and that is the Contraction pattern... one is cooking on the weekly SP500 chart and I fully expect a repeat of 1937 to start in September this year... so I am eagerly waiting and scouting this index for the next few weeks... when I enter you will know! Price action has developed 3higher highs connected with a trend line and in reality, I should have entered on that 3rd high... but I missed it, so I am now heading into shorter time frames to locate the best possible entry
FOREXCOM:SPX500Short
by PipsMatter
S&P 500 IS APPROACHING RESISTANCE AT 2972 - GET READY TO SHORTThe S&P 500 index may tick up a bit from here as Trump has tweeted that he's going to delay tariffs until Dec 19. However, the additional tariffs will still be applied to Chinese imports. We are in a reaction to the main downtrend. I think the market will climb up to fib retracement 0.764 and hit resistance at the prior low of the uptrend. Sell short at about 2972. The next down leg could be a sever move as all hope of a trade deal dissipate. On a DCF valuation, this market is way overvalued. Expect the next move down to be as sever as the first leg down. I don't expect any meaningful deal between US and China on trade. It is about forced technology transfer which Trump will never give in to. I suspect it will play out with higher tariffs being enforced and US companies exiting China for cheaper countries to manufacture. This down move has only just begun ...
FX:SPX500Short
by victorko
1
SP500 - SPX - To Test Lower Fibonacci Levels - Recession AwaitsThe perfect storm, at exactly the wrong time. - Trade war that keeps getting worse, no talks until September - Fed rate cuts did nothing to help the problem - China weakens their currency + adds to tariffs - Gold reaches all time highs, moves higher as sign of recession looms - Weak reportings from companies affected by trade war just now starting to come in,and will only get worse (Apple, Amazon, etc) - Recession alarms going off in every single area - All of this, right on top of an ascending narrowing wedge pattern, brewing since December 2018. - Broken bear pattern with strong volume - VIX broken narrowing descending wedge, bullish pattern with strong volume Prediction: SP500 will move higher to lower resistance line it broke out of on August 5th, 2019 of 2870-2885 (0.786 fibonacci) where it will be rejected and continue to move lower. First to 2690-2700 if it easily passes 2800, where it might also face resistance, and ultimately to 2500. If it stands here, possible bounce, if not, heading to 2200. **Also a move to 2950 and rejection from same resistance line possible, this would complete head and shoulders pattern. Market has been too good for too long. If it seems too good to be true with all of the negative stuff going on in this world, most likely it is. No reason for a bull market in the conditions we are in and have been in.. this move is long overdue. Only way I see this recovering strongly is if Trump makes a deal in the trade war, and I think we all know how this has gone for months now. No one is backing down.
SP:SPXShort
by gbleier
Where's the S&P headed?Someone once told me that the S&P is the "All-Star Team", many have opinions on it, but almost impossible to find anyone who could consistently predict where it's headed. This chart shows the bearish case, which seems reasonable except that Many people are seeing it and the S&P doesnt follow what people think will happen. With volatility at current levels, it's best to short or day trade it as direction isn't clear at this point. Bearish case: 1- Megaphone top 2- Broken trendline 3- much damage has been done to the uptrend 4- Bearish seasonality until beginning of October 5- Tariffs and china devaluing the Yuan Bullish case: 1- still hasnt dropped and closed below 200 Day MA 2- All CB's easing >> "Dont fight the fed" 3- Shock events like the ones we had the past few days usually end with selling culmination followed by a melt up and fuel for a big rally, and we might just have had that on Monday, think of Brexit, China in Aug 2015, Elections night 4- at this point the worst seems to be priced in or almost 5- Earnings strong and expectations are low 6- Almost all "widely Known" bearish setups (like the megaphone now) fail I'm currently neutral, let's see if 200 Day MA gets tested or if Bulls reclaim the 100 and 50 Day MA's **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a subscription service, just bunch of average traders sharing insights in a FREE group
SP:SPX
by D707
SP500 to 2822 then Re-test 3000While the SP500 was on track to re-test record highs through today and into tomorrow, Trump doing what Trump does best: rekindling the trade war for seemingly stock market manipulation. It seems that we are no closer to any trade deal between USA-China, and this continued escalation will continue to wreck havoc on the global economy and eventually USA economic numbers. This will likely force further rate cuts down the road. I suspect a very similar outcome to what we saw in late May; I am targeting a hard short to 2822 for SP500 before a re-test towards 3000. Trade policy, monetary policy, geopolitical and political issues will indicate at that time whether we fail to re-test 3000 or make new records. Pro-tip: Long Gold/Silver/Proven Weed Stocks - zSplit
OANDA:SPX500USDShort
by PaulDeep19131
This is a beautiful chat, We hava two chart, Broardening wedge and Ascending wedge. Diamond Formation www.forexstrategieswork.com The diamond pattern is a rare pattern but when it occurs you can expect price reversal on the horizon. This is usually formed at the top end of the rally and as the name suggests the consolidation leads to a diamond shape pattern. Broadening Formation or Broadening wedge The broadening wedge is where prices consolidate and in the process form higher highs and lower lows, thus expanding the range. At the end of the consolidation, the broadening wedge pattern breaks by forming a lower high before price fall sharply. The broadening wedge pattern occurs in a bullish trend. Similar to a rising or falling wedge pattern, the broadening wedge pattern is formed by five reference points.
SShort
by YuyuCoyotte
SP 500 ShortSp 500 Short Setup Reasoning: -Bearish ABCD Completion -Bearish Shark inside of it -1 Hr Uptrend already looks extended -Bearish Divergence on the Daily -Volume dropping on the daily Market is telling me to sell. Entry Trigger: Aggressive- Sell Limit @ 3026 (Shark Completion 1.13) Conservative- Wait for price to cross the Ema and break trendline support Stop Loss Reasoning: ATR should be at around 34 pips volatility when it reaches the limit order. Double that amount for stop loss Take Profit Reasoning: $2995 is where this bearish shark can switch to bullish 5-0 (50% fib) and we have a high volume node there which means it can act as support.
OANDA:SPX500USDShort
by elevatedinvestor
3
SP500 won't go much further up from 3000Below is technical analysis based on chart readings. Refer to chart for macro commentary. SP500 meaningfully tested 3000 five times in the past 12 months. First two formed an M resistance - didn't break through. Third time was also two very close attempts - didn't break through. Finally, in July, we have seen 3000+ twice. One's already past us, the other one - we are in it right now. Does this look familiar to you? Another M shape maybe? Coupled with the macro conditions, I believe the market cannot go much higher from now on, and will correct 10-15% by Dec 2019. I have sold my SPY . Planning to enter below strategy this week: Short 270 SPY call Dec2019 Long 300 SPY call Dec2019 Initial credit to buy TLT Monthly covered call on TLT I will close above strategy by Dec 2019. Fingers crossed.
OANDA:SPX500USDShort
by WhatsTrading
2
TRADERSAI - A.I. Powered Model Trades for MON 06/24Thursday's Raging Bull Essentially Stood its Ground on Friday! Can it Continue to Hold its Territory?    Last Thursday's all time high in the S&P 500 Index was accompanied by the month's second highest volume, shooting down concerns of weak volumes. And, it was followed by an essentially sustained highs with Friday's significantly high volume as well. Was it the beginning of another leg of the bull run or is it going to prove to be the last gasp of the market bull? Our models indicate essentially the same trading plans from Friday for today, Monday 06/24. For details, please check on our site (not able to post the link here). Good luck with your trading today! #ES #SP500 #SPX #SPY #Fed #Record #Yields
SP:SPX
by TradersAICorp