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Spx500analysis

SPX500 approaching support, potential bounce! SPX500 is approaching our first support at 2600 (100% Fibonacci extension, Horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 2808 (61.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:SPX500USDLong
by Tickmill
SPX 500 bear break - updateThanks for viewing. This is just to update the one or two people that asked for an update. my view is still unchanged and is bearish. How could it not be after such a steep decline. I am now thinking -11% (or a 1:1 of wave (A)) may be on the conservative side. Expecting an abc correction to face strong resistance at the 0.18 to 0.65 fib level and have decided that my second short order zone will be around that area (the shape of the polygon denotes how the orders will be weighted) as opposed to when the wave 1 extreme is broken. I have unlocked the autoscale in the graph so feel fee to have a look at my tentative downside targets. Good luck everyone and protect those funds.
SP:SPXShort
by flyinkiwi10
1
[Where Are They Now] S&P 500, Time to GTFO?Where is the S&P500 since my last chart back in mid Aug, link: - Weekly T.D. Sequentials landed a top at an Aggressive13. Commonly a Green9 signals that a price reversal is approaching next. However, around this time the restructuring of NAFTA with Mexico was announced to be completed/ almost completed which drove the market confidence further than expected. This is one case, where news does have the ability to drive price further past its actual turning time temporary. - Currently the S&P500 on the weekly timeframe is trading on a Red2 candle below the Red1. This, to anyone using T.D. Sequentials, is one of the most assuring indications that it is time to enter a short position, especially considering this is a much larger timeframe as opposed to the daily. - One thing to observe here is that while a Kijnu rejection led to a continued price up movement in May, once it broke above Kijun resistance the distance between the price and Kumo cloud support is noticeably smaller now than before. This is an increasing bearish signal. Furthermore, I strongly dislike the upper wick we currently have created this week, it had a strong rejection landing it right back under the Kijun resistance. - C.M.F. volume I commented on last time, not much has changed since. Company buy backs of their stock only holds the price up so long. If higher C.M.F. buy volume does not show up soon, it could be a sign of something worse coming. - Weekly MACD observed a bearish crossover as well, similar to the last scare we had earlier in the year. What is different now? This one was noticeably more aggressive (illustrated in chart). I am aware that when it come to News that drive market price up or down, it is purely subjective as to what News specifically was responsible for the price run. It is of my believe that the NAFTA restructuring news was responsible for the exaggerated price movement past the Green9 landing it into an Aggressive13. Those unfamiliar with what an Aggressive 13 is, it is a very strong indication that a harsher than normal (normal being a Green9) price reversal is approaching very soon. My published chart on the S&P500 2 months ago suggested that midterms themselves would be one strong contributing factor responsible for a correction in the US markets due to political uncertainty. Hypothetically, moving political bias aside, should it occur that the election of a party whether new or current to be in power with regards to the House and Senate creates additional changes in price movement. That would indicate some level of proof, at least for me personally, that politics was one of the factors possibly involved here. That said everyone has a different narrative regarding markets, I am also well aware that it could be a number of many other factors that are responsible for the current situation as well, and that politics may have played no role in this but merely a result of coincidence in timing. It is important to note that I am not claiming that the market is crashing at the moment as it was at the start of the 08' crash. I am of the belief that a price drop below 2130 (utilizing methods not outlined in this publication) would be the sign of a Market Crash quickly approaching, so we have quite a ways to go. I am advocating, should next week's candle be trading below the current close, thus making it a Red3- that it is time now to start paying attention to the market very closely. Other methods also not included in this publication strongly indicate that prices in the market have been strongly overvalued for a while now, specifically within the Tech sector.
SP:SPXShort
by FG_Obelisk
Short swing at 2685 for target 2595 SL 2525 i short SP500 because i think he done the Christmas rally more early than before and i think he will down a bit before end years may pull back before the 31 december for close the years i big gains then after in january fastly down more than my target...but is possible that my target can be reached before end year ( 12 days) Overbought much in weekly and monthy the ma20 and ma50 are so far from price in monthly somethign never seens in history all good news about tax and health care was priced even Fed hike rate stock continue to up..it should be opposite so i think first quarter of 2018 will get a big correction For me e are in Bubble and pure speculation Market react at all good news and never react from bad news..something really crazy the viw historical for a long period and at the hedge fund and other big fish will finish to take them benefit they are not crazy ,they all know they so high now and abuse already too much short at 2685 target at 2595 and surely 2550 and 2500 in 2018 SL 2725
OANDA:SPX500USDShort
by corsicasia
SP500 : THE BIG SHORTHi traders! For the past months, I kept getting notifications about the DOW and SP500 making 12 months high always weekly. I always keep an eye on what is happening on this side of the market even though I only focus on trading forex pairs and commodities. I only like to observe the SP on the largest of timeframes.. MONTHLY. It gives me perspective and an overall idea of where the market is standing at any giving point. It's also important to see for the technical side of things how the market reacted when the previous 2 market crashes happened. I truly think that its almost impossible from just looking at the chart of the SP to manage THE BIG SHORT. There is too much things happening outside of technical analysis to bring out the true colours of what might happen next. All major movements will be triggered by something fundamental... something that will have enough power to shut down everything in the market. When those movements happen, thats when things get very technical. You could draw some nice patterns and use some FIBs to get a clear idea of where the price will go. I always like to go over time scales to understand how much time passed during each crash and the recovery times. I noticed that as of today, we are almost exactly are at the amount of days of both crashes (DOT COM + HOUSING) without having a national crisis of some sort. Then I thought to myself what is the current bubble right now? How are things standing in the world right now? Possible Bubble? Crypto currencies New USA President.. TRUMP! Debts? Larger than it ever was War? North Korea Just to name a few.. I'm just thinking that if a crash could happen, we might be near it right now. I don't have all the info to crunch some real data and compare some economic projections but some things just seem like they are already set in motion for it to happen. As far as the most general of all indicators, MACD is sitting very high (as high as those 2 last crisis) RSI finally managed to make it above 70 (which is NOT a good thing atm) The blue zone I highlited on top of the chart might be the last straw for the SP500.. TO BE CONTINUED Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
SP:SPXShort
by ScottMescudiForex
6