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SPX-500

GC current states of affairsI’m still bullish for GC. So far plan is being executed but I be hoping for more true breakout by now. My options are = end trade And no loss, but no potential profit =Stay in trade Risk bigger loss Potential gain Exit and re enter on test of wedge Better RR ratio Risk no entry At this time I stay in trade and watch. Why? So far acting the way I predict. When no longer following plan then I exit and try for re entry if still valid trade setup. Reversal trades have lower success rates but higher profits. Please comment your thoughts and ideas. Please support with thumbs up if you like this post.
COMEX:GC1!Long
by UnknownUnicorn11430563
10
SPXTF: 12 Hr Looks like it will fill the wick and possibly retest the trend line /trade around it for a little bit. RSI has some room to move north before being considered overbought; however, some bearish divergence may be building on the 12 hr TF, I will have to see how it plays out. The big fat light blue line is a large moving average, note how it found support last Monday and we saw a strong bounce, overall we may see some more sideways trading, but all moving averages are now moving up showing some bullish momentum. It will also be interesting to see how markets take the recent US election. I somewhat leaning bullish, not because Sleepy Joe possibly won or loud mouth Trump possibly lost, but because the election is close to being over and a possible coronavirus vaccine. To me that signals a slight bullishness from a fundamental view. On a bearish side we could see price drop to the bottom of the sideways play at $3,200. If that breaks than we may see greater downside.
OANDA:SPX500USD
by MC_Mike_Trading
2
SPXTF: 4 Hr Looks like we got an interesting set-up on SPX. Taking the fixed volume ranges of the recent downwave (~$3590 to ~$3220) upwave ~$3220 to ~$3550) shows that most of the volume traded for both ranges is between $3558 and $3775. Taking a fibonacci retracement on the recent upwave shows that the two range POCs are within 0.50 to 0.618 retracement golden zone ($3379 to $3334). Based on that, I think price will move down into these levels and I think we will get a good price move from there. Could get a little dicey with the upcoming US elections
OANDA:SPX500USD
by MC_Mike_Trading
DISTRIBUTIONAL EVENTS: The Bear-Market In STOCKS Will Run Fatal!Hello, Traders Investors And Community And welcome to this extremely important foundational analysis about the stock-market-crash situation, where it is going and why the end of the bear-market could not be there already as some people believe. Last days and weeks we saw a recovery but this recovery is actually playing fully into the Wyckoff distributional events which I discovered and which we have in play for months now. Besides the corona-virus pandemic, we have a battered economy that is constituting on the distinctly shaky underground, the fact that a second lock-down wave from countries and can come and its resulting economic damage can easily move into the stock-market and lie ground for the next distributional events which will send the price to the basement in this still ongoing bear-market-environment. Even if the small small small percentage probability fulfills and the bear-market is completed now, the big crisis will just move some months/years into the future which will make it just increasingly more heavier damageful and devastational therefore we need to be prepared for these pending events which will more likely contribute in this current distributional cycle than after another bull-trap to the upside. This fact should bring us to the conclusion that we need to take the right action in such a market-environment which smart traders and investors should always prefer alongside the illogical speculative approach and therefore take the opportunity when they arise. As already mentioned in past analysis there are some sectors in the stock market that will profit from the crash like food, pharmacy or armory which are anticyclical to the market, when considering the long-side these truffles need to be picked out in this market environment. In my chart, we are looking at the weekly time-frame and as you can see there the whole distributional events in the current Wyckoff cycle are on the verge from phase B to phase C currently which providing valuable information because of the events we can expect to happen in phase C. At the moment the whole bull-rally which we see is suspected to be a huge bull-flag trapping many unadvanced people before taking the huge legs down which will come in phase C to phase D. Phase A: This phase was actually the weakening of the whole bull-market we had since 2009, there the increasing expectation for a possible markdown phase entered the picture and the first serious supply entering the market in this phase. We saw the first heavy bearish volume spikes entering and the market provided the overall buying climax in the structure and after it the long sideways trending market with several attempts to test the demand-value and form the next heavy wave to the upside which did not provide and resulted in an automatic rally to the downside before we entered phase B. Phase B: In the structure we had a long phase B with decreasing momentum of the bulls before the overall markdown and corona-fears hit the market, in the phase from December 18 to February this year we saw some beginning signs that a new awaited bearish market will develop when the market gets damaged. The Sign Of Weakness in Phase B provided a lower low before the final attempt for a continuation of the bull-market failed in the Up Thrust which trapped many long investors and traders in their positions selling shares to large institutional, this was the logical event after the weakening signs in phase A before the heavy volatile move to the downside came. Phase C: Now this is the phase which we will enter soon, it is important in the structure because it is literally a bull-trap trapping breakout traders in their positions and selling them to a large institutions. This is exactly what we hear in the news now, many people taking advantage of the counterreaction and calling it an end of the bear-market but this is a fatal mistake, the overall phase C will match perfectly with its upcoming Last Point Of Supply which comes when the demand we have at the moment weakens in the structure set up for a leg to the downside. After the first demand-weakness established it lays ground to phase D in the structure. Phase D: This phase will provide confusion in the markets with Signs Of Weakness and Last Points Of Supply, it will be a time where we see a consolidation movement in the stock-market confusing many people as if the bull-market is now really going on or not. After the last gaps of demand have risen in phase C we will increasingly see bullish weakness and bearish pressure, in this phase most of the institutional will be out of the market lying the ground for retail to sell below the last support level in the structure. Phase E: This phase unfolds the heavy and significant selling pressure to the downside, the price will leave the trading range and trapping many people in its position to the downside. We will see a high volume and selling here which will spread out in the media and activates the meaningful retail selling, in this phase the opportunity for trade on the short-site will be huge as many companies struggling in the global economy and there will be insolvent companies on the mass scale which is actually a good environment for smart short-selling traders to profit from it. The importance of this phase is also that it marks the last point in the distributional events and new accumulational events can occur, you can see this level marked in orange at my chart. So this is the actual situation we are currently facing, in the months to come we will see how it will play out but one thing is sure, the real economy still struggling with the corona-restriction and have a hard time to come back to status quo this means the pressure can gain when the ground becomes more shaky. The whole rally we would see when the market "stopped" the bull-markets and continues bearish will be extremely speculative and all serious smart investors will stay out of the market and prefer the safety of cash, only the fact that investors like warren buffet are bullish and selling investments makes the bearish scenario and therefore its following Wyckoff distributional events more legit, in this case, we need to be prepared and take the proper action with trades on the short-side when the opportunities arise. In this manner this should give a good view, thanks for watching, support for more insights, and good week everybody! Comfort and prosperity have never enriched the world as much as adversity has. Information provided is for educational purposes only and should not be used to take action in the markets.
SP:SPX
by VincePrince
43
I Call BS On This Stock Crash! (ETH - S&P 500)As noted in this analysis - I think this was a big shakeout before the real bull! & bear market. Similar to Ethereum and Bitcoin in their bullish cycles (they both had shakeouts) This one is surprisingly similar to Ethereums cycles They even have the same fib relations Looking forward to this! I think it will drop another 10% or so on the short term but I expect it to recover. This was a very large bear trap & tricked most everyone. including me for a minute. The big bear is coming later Stay profitable - Dalin Anderson
Long
by High_Altitude_Investing
17
S&P500 - Thorough Analysis - Daily ChartLet's continue with the Daily Chart. I know, I know. Waaay too many lines. Don't worry, you'll get it. So, we are looking at the year 2016 up until now. You can see that since Trump's victory in last November price can't be stopped. Technicalwise, it can be clearly seen that the ups and downs were formed like in the book. Now, the two red lines show that the waves are shrinking which gives us the impression of price losing its steam. The white box shows that price will break up (can't say for sure - because nothing is sure) to the 2500. Obviously, I will not repeat the worst case scenario that I stated in the Monthly Chart analysis but price can start falling to the Fib. Levels first on Daily, then, on Monthly. Last idea will be H1 chart. Coming soon.
TVC:SPX
by adamnkiss