S&P 500 Channel - Long OrderSPX500 Long Position
Entry: $3,772.9
TP & RR: $3,849.1 (2.92)
Stop Loss: $3,746.8
REASONS FOR THE TRADE
SPX500 has formed an ascending channel, so I am looking to open a long order at the lower trendline. In addition to bouncing off the trendline, I also want to see a divergence in the Market Flow indicator, which will signal a potential reversal. In any case, I will be carefully examining this level, because I will not be too surprised if the price breaks through it and makes a sharp drop.
Stop Loss is relatively close here, but the entry is also fairly conservative. To get filled, the price should make a small drop and then gradually start going up. If it does touch the trendline above my entry I will examine the situation and might open a long there with a SL just under the lower trendline.
Spx500analysis
SPX500/S&P500 ( DONT MISS THIS)here is SPX500 a.k.a S&P500 , we can see that price is moving respecting a bullish channel in 30 min, Then price has already tested the support of the channel, from here we are looking for buying in order for the price to test the upper boundary of the channel ( BUY AFTER RETEST)
SPX500 Within a Channel - 2 Possible LongsSPX500 Long Setup Idea
Entry Levels:
1) $3,785.7
2) $3,764.8
TP & RR: $3,870.7 (4.89 and 5.71)
Stop Loss Levels:
1) $3,768.3
2) $3,746.1
REASONS FOR THE TRADE
SPX500 may be due for a small correction and I want to catch the indicated level, which is a flip from resistance to support. I believe it should hold well, but what I am really looking for is a quick, clean wick to the entry or worst-case scenario a close and then a quick trend up. If the price closes under that level, then the trade will be invalidated and I will be looking to open the second long order with an even better Risk : Reward. I will also be looking at the Trend Volume RSI Analysis and what it prints in terms of trend and divergences.
SPX500 could DROP!Hey tradomaniacs,
if you have traded my previous SPX-LONGTRADE you should consider to take profits.
The market is testing a round number of 3.800 right at ten upper Trendline.
The FOREX-MARKET is currently pricing in a risk-off-scenario with a rising DXY (US-DOLLAR) and falling AUD and NZD.
We see a divergence in stocks and Forex which is never a good sign.
KEEP IN MIND that we will get to see the Non-Farm-Payrolls tomorrow.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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SPX's Daily Purchase/Sale filing for directors/officers ***The legendary Fidelity Investments manager Peter Lynch once said, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” this guys is just simply smart.
***Beautiful data presented here very useful for long investors . Simple strategy, with every consideration you would usually take , just buy after these guys start buying : -) .
***No success rate here, just extremes reading here that's all
*** I wish Tradingview would add this to their indicators.
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***Trigger line to start watching for, for buying, is reading above 300:
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Date Reading
Mar, 16 2020 465
Aug, 10 2011 357
Mar, 10 2009 356
Dec, 1 2008 302
Nov, 28 2008 606
Oct, 14 2008 306
Nov, 13 2007 307
Nov, 20 2007 329
Aug, 6 2007 303
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***Trigger line to start watching for, for buying, reading between 200-300 :
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March 2, 2020 207
Dec, 11-26 2018 204*217* 229*220*226
Nov, 21 2018 215
Nov, 13 2018 250
Nov, 14 2016 217
Nov, 12 2015 202
Aug, 24 2015 239
Nov, 13 2012 220
Nov 12, 2009 204
Aug, 17 2007 295
May 11, 2004 212
May, 4 2004 216
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***Selling reading above 400 are reflected here Red Arrows
S&P 500 Index Long SetupSPX500 LONG SETUP IDEA
Entry: $3,715.9
Stop Loss: $3,680.5
TP Levels and RR: $3,784.4 (1.94)
REASONS FOR THE TRADE
I know that I am posting this with a bit of hindsight, but by the time I opened my order and came back to do the analysis the price has already gone up. Anyway, I am posting this in case there's a small retracement and you decide to jump on board.
The indicator Trend Volume RSI Analysis shows a clear divergence in the volume and you can also see the buying and selling distribution in the Multi Time Frame Effective Volume Profile below. I have also applied a Fib Retracement to this ascending triangle, which indicates that the take profit should occur somewhere near the potential resistance.
The SL level is put at a level far enough from the trend line. You can be slightly more aggressive here and move the SL up, which would significantly improve your RR Ratio. Generally speaking, breaking down this trendline would invalidate the setup, so if you have taken that particular trade you may close your position before hitting the SL.
SPX500 and a NICE BUY-CHANCE!Hey tradomaniacs,
SPX500 could move up 👉
Todays sell-off pushed price down into a price-zone with possible bullish confluence.
Primary Trendline pls horizontal support-zone can be a very attractive zone for buyers as soon as we see a confirmed rejection.
In terms of correlations a perfect match with the GAP-CLOSE of DXY (US-DOLLAR).
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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SPX 500 nosedive in the new year The stock market has been gunning for all-time highs despite the horrible economic news going around. Based on stimulus hopes and mass euphoria of the market reaching highs, with help from the fed, investors have just been buying at the highs and pushing it higher. However, I think all of that is quickly coming to an end. The market has been pushing higher with no real fundamentals to back it up and there is a lot of negative news looming over these markets. The new Covid-19 strain is quickly spreading throughout the U.S. now so there may be fear of new lockdowns, and Trump signed an executive order for the NYSE to delist some of the biggest Chinese telecom companies in the market. All of this news may trigger some major fears among investors to start taking massive profits and the market will definitely see a huge selloff because of that. Price action also tells the story of the nosedive. As you can see, the S&P has been moving in an ascending channel with a false breakout below on December 21st, which already indicates selling pressure. The market also closed the new year at the zone of resistance formed around 3758 and 3763. The market is showing significant rejection at that level, especially on the 1 hour time frame. You can also see a double top formation and this is further indication of a reversal. Many have been pointing to a glaring bearish RSI divergence forming and they are spot on with that analysis. The market should be seeing a huge correction and if it breaks past the strong support zone around 3641 and 3645 we could see the market bleed all the way to the 3500 levels. I'm currently in a sell position and I'll be targeting 3608. There are a lot of gaps to fill in this market and I believe they will be filled in the coming week.
S&P 500 FUTURES 1D-TIMEFRAME ANALYSIS✨S&P 500 FUTURES 1D-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for the S&P 500
My idea is that the index will go lower
broke down the 4 hours support sells offs start
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
SPX500USD UPDATEFOLLOWING OUR PREVIOUS IDEA OF A SUBWAVE 4 TO WAVE 5, WE SEEM TO BE ENDING THE BULLRUN AND ENTER ANOTHER CORRECTIE PHASE, WITH DISTRIBUTION (MANIPULATION OF HIGHS) BUILDING UP AND A ENDING DIAGONAL OF THE SUB WAVE 5. THE DECLINE START OR CONTINUE FROM THE NEW YEAR. TRADE SAFE AND HAPPY COMING HOLIDAYS
SPX500 - Bigger short coming soon?!Hey tradomaniacs,
CAN SPX500 break the All-Time-High?
Looking at the structure you can clearly see another fakeout above the ALL-TIME-HIGH from November.
The current performance of the stockmarket, especially NASDAQ100 which should benefit the most from Corona as it lists the FANG-Stocks, is very weak compared to what the currency-market is pricing in.
Inrceasing corona-figures could cause more pressure as vaccine-news do almost have no impact at all anymore.
As always we should look at potential stimulus-news which would probably destroy this idea but.... who is stell left to BUY when every positive scenario is priced in?
If SPX500 continues the current breakout of the Trendchannel we finally might see some great PULLBACKS in the FOREX-Market.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
FISHY moves in the STOCKMARKETHey tradomaniacs,
Current markets mood is harder to indentify as we see the same cashflow like we`ve seen with the first vaccine-wave this year.
Comparing RUSSELL 2000 and SPX500 it looks like we see a flow out of big companies into the small-cap-section.
This is very weird as the small businesses were those who suffered the most during the COVID-Lockdown in the USA.
Does the market expect a BOOM of these companies with the upcoming vaccine?
There is one fact:
More than 50% of these companies listed in RUSSELL are not making any profit 👉 They are the "zombies" of the market who are only able to survive due to financial injections by the central bank.
These odd moves are forcing me to trade a bit less as I don`t think that institutional traders are willing to buy stocks of companies that only just able to buoy up.
Sell off coming soon?
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)